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PeerTV surges after CEO resigns

Mon, 25th Jan 2016 11:03

(ShareCast News) - The chief executive of AIM-listed Peer TV has resigned just months after announcing a deal to offload troublesome subsidiary.Vermus, who joined Digitek in 2011 as chief financial officer and was appointed CEO of the whole group in January 2012, has resigned with immediate effect.In a short statement, Peer TV said it was now "devoting its full resources to the PeerTV team to support and build the OTT [over the top] business".The OTT business is focused on TV 'red button' technology, developing smart TV solutions that range from its line of set-top-box hardware and content management software for the internet TV market.In October's debt-for-equity-swap deal, the group offered to exchange all Digitek loan notes in issue for 75% of the ordinary and preference share capital of Digitek. The deal was designed to cut PeerTV's equity holding from 64.1% of Digitek to 25%, with Digitek loan note holders owning the remainder.Shares in Peer TV bounced 56% to 3.74p on the resignation news.
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30 Jul 2014 09:50

Wednesday broker round-up UPDATE

Antofagasta: Westhouse Securities downgrades from add to neutral with a target price of 885p. Investec places its target price (prev.: 690p) under review, while keeping its sell recommendation. Aureus Mining: FinnCap lowers target price from 66p to 62p maintaining a buy recommendation. British Ame

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30 Jul 2014 09:30

PeerTV Stock Falls On Discounted Share Placing, Equity Funding Deal

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27 Jun 2014 09:49

PeerTV Reduces Losses, Increases Revenue In 2013

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13 Jun 2014 09:08

PeerTV Receives Further GBP40,000 From Share Placing

LONDON (Alliance News) - PeerTV PLC said Friday it has received a further GBP40,000 from its share placing in May, taking its total received from the placing to GBP254,000. The media technology company said it expects the outstanding GBP12,300 from the placing to be received by June 30.

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29 May 2014 09:58

PeerTV Signs Set Top Box Deal With US Firm; Raises GBP45,500

LONDON (Alliance News) - PeerTV PLC Thursday said an unnamed US-based company has agreed to purchase its set top box to supply its over-the top content network and distribute PeerTV products in North America and Ireland. Over-the-top content refers to delivery of video, audio and other medi

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29 May 2014 07:25

UK MORNING BRIEFING: Kingfisher Shares Fall 5% Amid Firm Open

LONDON (Alliance News) - UK shares are higher at open Thursday, ahead of some US economic data later in the day.

B&Q and Screwfix owner Kingfisher is leading FTSE 100 fallers, down 5.4%. Despite showing a strong increase in its retail profit for the first quarte

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16 May 2014 09:37

CORRECT: PeerTV Shares Surge As It Wins New Major Customer

(An item published at 1444 on May 15, 2014 misstated the number of shares subscribed due to a mistake by the issuer. The correct version follows.) LONDON (Alliance News) - Shares in Technology solutions company PeerTV PLC surged Thursday, after it said that its subsidiary Digitek SMT Assemb

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15 May 2014 13:44

PeerTV Shares Surge As It Wins New Major Customer

LONDON (Alliance News) - Shares in Technology solutions company PeerTV PLC surged Thursday, after it said that its subsidiary Digitek SMT Assemblies received a major new order for sales of approximately USD6.3 million from a new customer based in Israel. The group also said that it has rece

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11 Apr 2014 09:16

PeerTV To Call General Meeting To Ratify Share Issues

LONDON (Alliance News) - Shares in PeerTV PLC dropped Monday after it said that it needs to call a general meeting to retrospectively ratify shares issues due to an administrative error. Since its last annual general meeting on July 22, 2013, it has raised over GBP1.3 million of additional

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17 Feb 2014 09:55

PeerTV Shares Jump On New Customer Contract Win For Set-Top Box

LONDON (Alliance News) - Shares in PeerTV PLC jumped 24% Monday as it won a new order with a national broadcaster for its Android-based set top box. The broadcaster, which wasn't named, has placed a framework order for 10,000 of the boxes for 2014, the first 1,000 of which is a firm order.

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12 Feb 2014 11:04

PeerTV Raises Further GBP65,000 In Placing, Total Now GBP315,000

LONDON (Alliance News) - PeerTV Wednesday said it raised GBP315,000 in its recent placing after raising an additional GBP65,000. The TV over Internet technology company said February 3 that it had raised GBP250,000 in a private placing and also issued warrants for another 25 million shares.

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3 Feb 2014 11:32

PeerTV raises GBP250,000 In Placing, Also Issues Warrants

LONDON (Alliance News) - PeerTV PLC Monday said it has raised GBP250,000 in a private placing and also issued warrants for another 25 million shares. In a statement, the TV over the internet and printed circuit board technology provider said the 25 million placing shares will be issued in s

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31 Jan 2014 13:54

PeerTV Soars As It Launches Kartina IQ Set Top Box In Germany

LONDON (Alliance News) - Shares in PeerTV PLC surged almost 50% Friday afternoon, after the video-on-demand services provider said it has launched the Kartina IQ set top box into the German market. The new Kartina IQ set top box, which is based on PeerTV's eTV system, was jointly developed

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31 Jan 2014 13:00

PeerTV and partner launch new set top box in Germany

PeerTV, which develops technology solutions for the TV over the internet (OTT) market, has has partnered with Kartina to launch a new set top box in Germany. The Kartina IQ, which is based on PeerTV's eTV system, last year underwent extensive consumer testing, with customer feedback and results exc

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10 Dec 2013 11:41

STOCKS NEWS EUROPE-UK small caps up 0.3 pct into mid-session

The FTSE small cap index is up 0.3 percent into mid-session, outperforming the slightly weaker junior-listed AIM shares and the 0.2 percent gain on the blue chips. PeerTV drops 26.7 percent after the provider of technology solutions for the TV over the internet market says that the repaymen

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