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FILL YER BOOTS Finally, another report was dedicated to one of today’s top performers in London markets DCD Media (LON:DCD), the company behind TV programmes Bridezillas and The Slap. Shares in group jumped 1.58p to 5p after c racing broadcast group Timeweave bought a big chunk of its convertible debt. Timeweave (LON:TMW) is best known as the owner of 50% of Amalgamated Racing, which broadcasts live pictures from 31 of the UK’s racetracks. Its chief executive David Craven said the investment in DCD’s loan notes was consistent with its strategy of growth and delivering shareholder returns through investment. “We have been following DCD Media for some time and took this opportunity to acquire the majority of the convertible loan instruments,” he added. Conversion of the loan notes is allowed up to a maximum of 29.99% of the DCD Media’s issued share capital. Timeweave bought the notes for £2.09 million from a group of institutional investors at a 32% discount to their face value of £3.07 million. They pay interest at 8%, which rolls up to the maturity date. The loan notes bought by Timeweave mature on 1 October with £2.093 million convertible into DCD shares at 18p while a further £975,000 convert at 1p.
this can only be good to dcd.dcd has good future potential as seen by timewave(60mill mcap) hence the investment.dcd has recieved 6 mill in us contract as last rns a much more to come.the exact plans who knows but timewave has happly put a 18p fiqure where its mouth is,maybe a merger or outright purchase of dcd,anyways all positive so will stick around to see this unfold.after a rise you always get the derampers but the news should taken into account
The fact that both companies are meeting says something fishy may be happening behind the scenes
Looks like we may rise to 13-15 p before retracing to 10p
glad to see the long term holders making a few pounds > much more to come
If it's any consolation, I've also had a sh*t day. I've been dry-bummed on almost every share. The fundamentals / trades say the price should go up but no, that would make it too fair on us. Instead the MMs made us a nice big sh*t sandwich, and we all had to take a bite.
Neo....because its a convertible loan with terms agreed that favour the company.
Good Post , Look what happened at TLY , exactly the same will happen here , will most likely rise in the morning due to volume then crash , hope i am wrong but all these people saying 50 % plus tomorrow , on what basis ? As announced DCD do not even understand where 18P has come from and they will have talks with them !
Well, after supposedly being up in here today by 35% at one point, yet not being able to sell my shares even below the bid price, I'm glad to say I got out of this giant anomoly before it dropped again. Yes, yes, any negative comment on any of these boards will be taken as me being a deramper, but try to keep it shut for a second while SOMEBODY explains what's happened today? ...Why not buy £3m of shares at current market price. After all, if they do expect 18p minimum, they could have FIVE BAGGED from getting shares at the opening price. Why purposely miss out on that? Anybody care to enlighten me, since nobody on the planet, not even DCD (as their latest RNS states) know what the people at timeweave have been smoking today...
9p close 9.5p open then 50%+ tomorrow
Could be a strong c.o.b
8.20 to buy
How weak were some today ,they will be buying back in higher when this rises tomorrow.
http://www.investegate.co.uk/Article.aspx?id=201202081549330679X
lp8.0-8.25
to come,100% rise puts many off so tomorrow when it starts blue more people will jump in
Late flurry then big open tomorrow.
RNS Would be nice .
i think a finish close to 9p and then an open of 9.5p with a push upwards from there 50%+
£££££££££££££££££
keep up
Was just going by the trades at the time...
The Board of DCD Media, the independent TV production and distribution group, notes the announcement today by Timeweave plc ("Timeweave") that it has acquired £3.068m of existing Convertible Loan Notes in the Company. The Board of DCD Media looks forward to arranging a meeting with Timeweave in due course to seek to understand better Timeweave's rationale and intentions in making this investment. A further announcement will be made by the Company as appropriate.
rns