Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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A very good RNS imo. A new investor and funds secured. Maybe the start of the recovery?
Bid talks appear to still be ongoing http://www.investegate.co.uk/Article.aspx?id=201009221049001044T
http://www.investegate.co.uk/article.aspx?id=201009061112421999S&fe=1
What makes you think this will be 20p soon
I reckon this one is going back to 20p
It needed to find it's bottom and now it has. With so few shares in issue this could be a serious gainer over the next few months.
not much interest here
At 10.5p, First Artist has a market cap of just £3.15 million – giving an Enterprise Value of £20.78 million. I view this as an inadequate valuation for the Media business alone – which is easily capable of generated £5 million+ of EBITDA as and when its market conditions even slightly improve. There is then also the Events business (which generated £339,000 of underlying EBITDA in the six months ended 28th February 2009) and Sport business (which “it is the Directors' intention to divest… as they believe it is not a natural fit with its media-focused strategy for the future”) in for nothing. Of course the debt situation creates a material risk, though the company looks to have bank support and notes it is “exploring numerous avenues to improve the position of the Group”. There is also of course the 10th August announced “talks which may or may not lead to an offer being made for the Group”. I know that talks continue (indeed Jon Smith is in New York today) and that there is now more than one party showing a real interest. I also know that if Smith cannot achieve well in excess of 20p per share he will walk and simply trade on and clear the debt over the longer term. I expect a lot to happen during the next month. In all, I continue to believe more shareholder value than currently on offer by selling the shares will be delivered from here and that thus, back at 10.5p I am upgrading my stance from “hold”to"buy".
Seems to have started. Looks like someone may have been buying that stock yesterday. Only 26M shares out there I believe.
Looks to have started.
Why is it that nobody talking hear
£5,108,000 loss
What's the estimate of the TO price? Anyone?
RNS re takeover talks. Good luck !
http://www.investegate.co.uk/Article.aspx?id=201005211629303750M wow .. an rns to tell us a director has sold £625 worth of shares .. is she skint or just underpaid
http://www.investegate.co.uk/Article.aspx?id=201002151053301457H
See ADVFN BB, TARA*S TEN FOR 2010. Good luck
time to start topping up again as i expect these to start rising. interesting that my buys are showing above as sells though. Hopefully good news on trading soon
I was thinking the same thing
seems to have bought on the rumour sold on the fact, great results but the wording of present trading not the best. quite clearly we saw inside tarding in my view the last few days, how does a share otehrwise double in 2 days without a piece of news which just happens to come out today, vey suspicious
and going up again today
First Artist Corporation plc (AIM:FAN), the media, events and entertainment management group, today announces its interim results for the six months ended 28 February 2009. Highlights from the last six month period include: Turnover up 38% to £37.8 million* (2008: £27.4 million). Gross profit up 18% to £11.7 million* (2008: £9.9 million). EBITDA (before exceptional items) increased by 3% to £1.1 million* (2008: £1 million) Acquisition of Spot and Co of Manhattan, Inc ("SpotCo") in October 2008. * Includes SpotCo's results from acquisition in October 2008 Key operating highlights: SpotCo has performed ahead of budget since its acquisition in October 2008. Theatre audiences remain strong, with Dewynters continuing to support many major West End productions. Andrey Arshavin's transfer to Arsenal and Harry Redknapp's move to Tottenham Hotspur negotiated by First Artist Sport. Jon Smith, Chief Executive of First Artist, commented: This has been a challenging start to the financial year, and with the country now firmly in recession we remain in uncertain times. We have focused closely on the integration of SpotCo, whose performance has exceeded expectations, and have continued our drive for greater efficiencies and cost controls, taking decisive action where necessary.
normally one would expct some sort of statement with a rise of this order either to say that they know of nothing to cause such a rise or the opposite. For me it looks like there are some talks going on, maybe of a takeover and quite alot of insider dealing taking place. i can' tbelive tehre is no information to be found anywhere and still the price jsut keep rising and in fact it is not that high activity, but somebody is buying and they must know why
cheers, i really dont know if that isthe reason but they have now nearly doubled in 2 days, still along way to go but have some nice contracts and should be a good earner for the future. I have a traget of 100 but have had that for some time so will have to have another look
haven't seen any news on these, but suspect the rise may be due to an extrapolation of performance from the earn out rights they have paid for this year to dewynter