The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Nicely 6p just paid for 50,000!
38k shares @ 6.45 as can see value here!
Takeover it has to be by Timeweave
DCD Media plc, the independent TV production and distribution group, is pleased to announce it has taken on the brand, assets and senior management of UK post production company 'Sequence Post-Production Ltd', adding a new activity to the range of its television production businesses. 'Sequence Post Production Ltd', whose clients notably included All3Media, IMG, Tiger Aspect, Prism, North One, Mentorn, Sunset & Vine, Sky, BBC Sport, Top Gear Live and DCD Media, and most recent credits included Hollyoaks, Top Gear Live, James Bond end titles, Red Bull Air Race and ATP Tennis highlights, met with a difficult situation towards the end of 2011 and was unable to continue funding the business independently. The new 'Sequence' based in London Fitzrovia will be recruiting new staff, updating in-house technical facilities and putting new infrastructure in place to ensure that the company is leading the way in tapeless, file based HD post work flows. As part of the move DCD Media will benefit from an effective in-house post department capable of servicing each of their production companies with the highest level of post and channel delivery. With financial backing and business infrastructure in place, continuation of long-standing client and supplier relationships and significant new deal negotiations will help bolster the new company for a solid future. David Green, CEO, DCD Mediasaid: "We are delighted to bring Sequence's widely recognized creative talent and assets into the group in a move to boost our in-house production capabilities and deliver added benefit across our production operations". Sequence brand Founder Ben Foakes added: "We are very pleased to have been recognised by such an established group for our quality of work. We have lacked capital investment and business support in the past, but will now benefit from an entire team of business specialists to backup our creative team".
Guys, if Timeweave Plc have increased their holding to 29.9%, shouldn't there be a takoever rule triggered? As far as remember, takeover with the bid should be progressed if holdings reach 29% of the shareholding. Or is there something else??? If so, wait for me...
Thanks Clive and gl! Not that we need luck now.
Can only get better and better for dcd
Courtesy of advfn board! Now we know why timeweave are happy to convert loan notes at 18p a share!
This is sound as a pound now very confident going forward.
That's great news. I'm pretty new to this, where do you find this sort of info?
Bid 6.75 ask 7.0 up 25%! Oi rampers where are you???/ LOL!
Someone said on the STY board that another RNS has been released???
Looks like its time to get that back and make more.So positive here.
Buys at 6.5!
"DCD Media is set for a major overhaul that could coincide with a surprise investor’s plans to turn the super-indie into a multimedia player. Aim-listed investment vehicle Timeweave acquired £3.1m of DCD loan notes last week and Broadcast understands it plans to convert that debt into equity, resulting in it holding a 29.9% stake in DCD. From there, Timeweave is keen to invest for growth, with organic development and acquisitions both possibilities. DCD board members, including chief executive David Green, met with Timeweave on Tuesday to discuss the loan note deals, which one source described as having “come out of the blue”. A source close to DCD said: “They are friendly investors, who see DCD as the start of building a bigger media business, one that operates on several platforms and across different genres. They are not ruling anything out.” Timeweave already owns a 50% stake in Turf TV, which holds exclusive broadcast rights for horse racing from 31 British racecourses including Aintree, Ascot and Newmarket. It also owns SportingWins, which helps companies manage financial risk associated with sporting events, and its chief executive David Craven set up interactive TV media group UPB Chello and the Gaming Media Group. Broadcast understands Timeweave’s investment will boost existing plans for a restructure of the indie, which will lead to the disappearance of the DCD brand. Plans are being drawn up to rebuild the DCD divisions to mirror the BBC’s national and regional hubs. This is expected to include bolstering and rebranding Prospect Cymru as a drama centre, refocusing its Scottish base around entertainment and opening a Bristol office for factual and features. DCD’s individual companies, including September and Rize, are expected to remain intact but will be “beefed up creatively”. Prospect’s London office is being considered for closure, coinciding with the opening of the Bristol base. DCD joint venture Matchlight will be largely unaffected. Both DCD and Timeweave declined to comment." From the link above.
http://www.investegate.co.uk/Article.aspx?id=201202161041085469X
bid 6.0 ask 6.25 buys flying in!
http://www.broadcastnow.co.uk/news/indies/shock-investor-plans-growth-at-dcd-media/5038148.article
Ssurely this is a fantastic get in price,i wonder when the meeting with Timeweave is?
Great post
Tue 12:38 Take a look at CARE about to take off. News announced this morning'' Down -14%,??
What the hell, bought some more, anyone else, bit quiet on here. Bought at 5.59!
Take a look at CARE about to take off. News announced this morning
Buys coming in again this morning.
look very positive for dcd great rns today dont think it will fall much from here may see a small rise tomorrow back to 8p .