Member Info for optimist13

Have to say that I agree with Craig on the seemingly biased news flow. You could be forgiven for thinking the directors are having their hands forced by the major shareholders. We could do with a letter from the independent directors and a true current trading position.

I wonder what percentage of the shares are now promised? A bit of activity with the shares today also.

Interesting movement in the share price! The company announces a circa £513k loan conversion into shares at 0.8p and the shares have now been marked down today. Buys at 0.23p are being shown as sells which would indicate the MM's are trying to move the price further down. It wouldn't surprise me to see a some contract win news in the near future from Green Pearl. You have to ask yourself, why would a director convert a loan into shares if he thought the company was trading badly! Highly speculative, but worth watching.

This was said at the time of the interims: Geoff Shingles, Chairman, said: "We are beginning to see the fruits of our labour as orders from the large military contracts we announced last year are starting to flow. The largest order in Sarantel's history was announced in February and this will have a material impact on the Group's second half revenues." We are due a trading update this month, as per previous years, and if the above is confirmed then I believe today's news could well be a turning point.

There are a few positives in the results, but I have to say I am disappointed that the company still incurred a loss - albeit reduced from the previous year. The company states it has sufficient funds to see it through to profitability, but I think we need some contract wins announced quickly if we are going to see a decent sustained rise in the share price. riddler - I think we should call it a draw! Not as good as I was expecting, but by no means is it a basket case!

It is certainly an option the company should consider. The interim results are due to be published on the 25th July, and hopefully we will be given a further update on how the company intends to improve the returns for shareholders!

The sale price has not changed. Today's statement confirms the net debt reduction of 190m Euro, whereas the Dec statement refers to the sale price of 222m Euro. In fact the company has achieved a higher sale price given the more favourable exchange rate.

Mecom Group plc ("Mecom") welcomes today's announcement by the Norwegian Competition Authority clearing the sale (the "Sale") of Mecom Europe AS ("Mecom Europe"), the holding company of Edda Media AS ("Edda Media"), to A-pressen AS ("A-pressen"). It is anticipated that completion will take place shortly. On 5th December 2011 Mecom announced that it had agreed the Sale at a multiple of 7.2 times Edda Media's 2011 full year consensus EBITDA. The effective proceeds for the disposal of NOK1,500 million were expected at that time to result in a net debt reduction of approximately €190 million. Given the strengthening of the Norwegian Kroner against the Euro since December 2011, the net debt reduction on closing will be approximately €195 million. In addition, Mecom's sale and purchase agreement with A-pressen includes a conventional price adjustment mechanism such that, subject to the preparation and agreement of completion accounts, Mecom will receive an additional cash payment from A-Pressen for the free cash flow generated by Edda Media between 31st December 2011 and completion. Mecom anticipates that these incremental proceeds will be received within 3 months of completion. A further announcement will be made when completion has taken place. Tom Toumazis, Chief Executive Officer of Mecom, commented: "We are delighted by the Norwegian Competition Authority's announcement today which will allow us to complete the sale of Edda Media, resulting in a further significant improvement in the Group's financial position. We are grateful to A-pressen for their co-operation throughout the past months and wish all our people at Edda Media well for the future."

looks like we have found the bottom...at last!!

If I have understood the latest news regarding the sale, completion could be at any-time, with a latest date being the end of July. I purchased last week on the drop, but do not expect any material change in the share price until the sale completes.

bought a few yesterday as I thought the drop was over-done. L2 now showing 25 on the buy side versus 13 on the sell side. No one appears to be selling, so should go higher over the next few days. However, very little consolation to long term holders here.

hello to you....don't understand the relationship between the RNS and Arcontech...care to explain please!

You need to read the past few RNS's to see what has changed! You are good at warning people, but you are not always right. The company has gained significant contracts since the interims - the reported ones are to the tune of £1.85m. They are receiving fees upfront, so cashflow should not be a problem. I expect further contract win announcements before the end of June, with confirmation of the improving trading trend. I hope you will be good enough to come back and admit you were wrong. I am very bullish on this share, and if I am wrong, I will hold my hands up.

A little bit of buying....and up she goes. I actually see this as quite a defensive stock at the moment, given one of the main selling points is the ability for companies to reduce overall costs with the CityVision product.

They can't hold it down!!!!!!!!!!!!!!!!!!!!!!!!

It looks like a MM signal to me. Interestingly, 4 million buy have now gone through since then. With so few sells compared to buys, this has to start moving North soon!

"We've listened to demands from the market data industry for cross-connectivity and a vendor-neutral approach to price derivation and distribution technology," said Andrew Miller, CEO of Arcontech plc. "CityVision Cache provides a unique, cost-effective and scalable solution to this challenge, giving infrastructure teams choice and end-users flexibility, adding value to the systems currently deployed." CityVision has seen accelerating global interest since Arcontech unveiled its "CityVision Adaptor" strategy in October last year, with many evaluations completed and deployments under way with international financial institutions. Demand is being driven by the desire to reduce costs and streamline operations. Arcontech's vendor-independent solutions provide proven, highly reliable alternatives to decouple data transport and display from the traditional information terminal providers, facilitating downsizing of expensive terminal counts and displacement of infrastructure components.

Whilst the company has not announced further contract wins with the launch of the new product, I would say that by the tone of the release, there will be further news in the not to distant future!!! The future is now looking very promising for Arcontech, and in the current climate, the product should find very receptive ears.

Having had the time to digest the financial implications of yesterday's contract news, I feel confident the company will deliver positive cash flow and at least break-even for the second half of this financial year. At the interims, the company was showing a loss of £342k. Since that time, they have announced contract wins of £1.85m, which covers a 3 year period. Assuming a third of those sales is recognized in this financial year, and given the vast majority will be profit, this could/should give us at least the break-even result. It would be interesting to hear other views, but given the positive news of late, I am retaining my bullish view and increasing my holding accordingly.

A reminder of the cash position and outlook from the interim results: As at 31 December 2011 the Group had net cash balances of £1,252,693 (31 December 2010: £972,455). The increase in cash and creditors is due to higher deferred revenue as customers have shown their faith in the business by paying annual fees in advance. Although we expect this cash balance to decrease by the year-end, the extent of which will depend upon the level and timing of new sales wins and consequently the date of deployment, we believe, based upon our present level of sales prospects and opportunities, that the Group has sufficient financial resources to see it through to profitability. With the contract wins announced today, and the real prospect of more to come in the short term, we should be looking at positive cash flow in this trading year, and a profit next year. With the cash position and NA's of £1.89m versus a mkt cap of £1.91m, this share is very much undervalued. All IMHO of course.