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take it that it was a 1000:1 share consolidation at 0.95?
(+97,335.90% up one way or the others
What the ....! What caused this?
Well I was right... it could fall 50% on the RNS lol. Not happy that companies can continue to stuff small shareholders in this matter. Why not just make an offer for the minority shareholdings and go private? (unless the company wishes to maintain a listing for some reason)..
Buying ahead of the results - this could double or fall 50% imo on the RNS
is there not still substantial negative tnw (even after recent conversion) and probably still excess of current liabilities over all tangible assets expect / imagine timeweave have a cunning plan...but what is it?
Interesting, exerciseable at 2.5p but share price targets from 5p to trigger. I have a small holding here so perhaps something is in the works?
Tick up 2.25p to buy now
-Sammy Nourmand is stepping down from his role as CEO today and will leave the company at the end of the year. - DCD also announces a repositioning of its resources to address the significant revenue and growth potential of the North American TV production market. - David commented:"He commented: "I am absolutely delighted that our major shareholders have recognised the massive opportunity for growth in the US market. DCD has a hugely impressive track record and a peerless reputation in the US; we can and will build on this." - The Company is also pleased to announce that it has secured a new commission with an expected gross revenue value of £4.25 million.
http://www.investegate.co.uk/Article.aspx?id=201210300700147827P
Sale of Digital Classics Distribution RNS Number : 0358P DCD Media PLC 18 October 2012 DCD Media plc ("DCD") Sale of Digital Classics Distribution Limited DCD Media plc announces today it has sold Digital Classics Distribution Ltd and Digital Classics Distribution Rights Ltd to Classical TV Limited ('CTV') for £1. As a result of the sale, the agreements between DCD and CTV have been either terminated or move into the CTV Group as part of the Sale and Purchase Agreement, thereby ending any DCD liabilities and obligations in performing its contract with CTV. For further information please contact: Sammy Nourmand, Chief Executive DCD Media plc Tel: 020 8 563 6976 Stuart Andrews/Charlotte Stranner/Rose Herbert finnCap Tel: 020 7220 0500 18th October 2012
http://www.investegate.co.uk/Article.aspx?id=201210181532470358P
http://www.investegate.co.uk/Article.aspx?id=201209060730026340L
http://www.investegate.co.uk/Article.aspx?id=20120906070000Z2301
http://www.investegate.co.uk/Article.aspx?id=201208150900010579K
http://www.investegate.co.uk/Article.aspx?id=201208131547239162J
With new shares being issued to Timeweave and a subsequent placing all priced at 1p .. I can't really see much upside in the share price for the foreseeable future...Trouble is my average is 4-5p so stuck here but at least I might partake in any open offer and average down..
DCD Media suitor Timeweave and fellow shareholder Henderson have put forward plans that would allow them to take majority control of the UK indie. Timeweave, a horse-racing and sports betting specialist, bought up a chunk of DCD debt in February and converted this into a 29.99% shareholding a couple of months ago. Now, together with another DCD shareholder, Henderson, the firm is looking to convert additional loan notes in a move that would give Timeweave 49.99% of DCD’s enlarged share capital and allow it to increase its stake beyond the 50% mark, “should it wish to do so.” The proposal includes a new share incentive scheme for DCD employees (the company houses production outfits including September Films, Rize, Prospect Pictures, Prospect Cymru and Matchlight), as well as making Timeweave directors David Craven and Richard McGuire non-exec directors of DCD “as soon as possible.” It’s the first time Timeweave has gone public with its reasons for taking an interest in DCD. “Timeweave plans to assist DCD to financially stabilise its business by relieving it of its significant debt burden and then developing its business model further and returning the company to growth,” it said in a statement. “DCD’s core production element is highly scalable and, with investment, could be both enhanced in its current markets and diversified into new areas of production. “This, along with the potential acquisition of content catalogues and investment in multi-media platforms, would drive enhancement to the distribution and rights businesses.” Timeweave added that while it intends to undertake a detailed business and operations review of DCD with the current management, and that this could result in an organisational restructure, it didn’t expect the process to have a “material effect on the other employees of the DCD Group.”
http://www.investegate.co.uk/Article.aspx?id=201206281203543672G
w h o o s h ! 2.49 +0.24 (10.56%)
Think the going concern note is very strong from the auditors to cover themselves. Typical - being an auditor I know how this works. Surely TW are not about to let the company go bust?! A 30% interest says probably not, but way off my average here of 7p!
Current Trading The Group has had a slow start to 2012, however several big returning shows have been recommissioned and their income will be realised in the second half of the year. There is also a strong development pipeline and the directors expect this to further contribute to an improved second half of the year. The Group has also been focused on a rationalisation and restructure of the number of divisions and subsidiaries. Cash reserves remain tight, but the Group continues to generate cash from its activities and are confident that they will be able cover the operational costs. Going Concern On 28 November 2012, convertible debt, totalling £4.3m of principal loan and cumulative interest as at 31 December 2011, is due to become payable. Timeweave Plc acquired £3.1m of this convertible debt on 8 February 2012. Timeweave PLC converted £0.6m of the convertible debt on 18 April 2012 to acquire a 29.99% holding in the Company. The Directors have been, and continue to be, in discussions with the Directors of Timeweave to understand their intentions and are working with Timeweave on a proposal for Timeweave to reduce, or negate, the impact of the repayment of the convertible debt in November. There remains, however, a material uncertainty that the Company may not be able to repay in cash the convertible debt on 28 November 2012 as it arises, if discussions with Timeweave result in a withdrawal of their support.
David Green, Executive Chairman, commented: "Despite the continuing tough and challenging environment, the Group has delivered a steady set of results underpinned by an optimised operating structure and stronger financial footing that put us in a position to effectively take advantage of new opportunities on both sides of the Atlantic, grow the business and deliver long-term sustainable results for our shareholders."