Member Info for RuleofThirds

Going up now

a substantial increase in turnover

DIRECTOR DEALINGS SUMMARY: Vitesse CEO Buys 11% Stake On Appointment Fri, 11th Aug 2017 17:11 LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday. ---------- Vitesse Media said it has appointed Simon Stilwell as chief executive officer with immediate effect to replace Niki Baker, who is moving to become managing director for Events and Marketing. She was chief executive for five years since 2012. Stilwell's most recent role was director of online vintage hunting clothing retailer The Vintage Tack Room Ltd since 2016. Prior to that he was chief executive officer of investment bank Liberum which he co-founded in 2007, for five years from 2010 to 2015. Also, Stilwell and Liontrust Asset Management fund manager Anthony Cross each purchased on Friday 6.4 million and 7.0 million shares respectively, at a price of 2.5 pence per share. Following the transaction, both men hold 7.0 million shares each, representing an 11% stake in the company. Meanwhile, former executive chairman Chris Ingram sold 8.4 million shares, reducing his holding to 8.4 million shares, or a 13% interest, and former chairman and company founder Sara Williams sold 5.0 million shares, bringing down her holdings to 3.4 million shares, translating to a 6.0% stake. Furthermore, Vitesse Media said it is considering the placing of shares in order to rise GBP2.0 million to repay the company's current indebtedness, fund the development of the Events business and expand the capabilities of Vitesse's existing digital platforms. The placing is subject to shareholder approval, however, and Stilwell and Cross have already announced they be collectively investing GBP500,000 in the fundraising. The announcement came soon after the digital media and events company reported a slightly widened loss for its recently ended financial period despite higher revenue. Vitesse shares closed up 39% at 2.61p Friday.

.. near term.

was hoping to at least double my investment this morning but happy to stick with this as all looks good for the near tern ... have a good weekend all.

Slight change of wording re appointments.

Vitesse Media Shares Soar As Revenue Rises,

here at the moment ..... wonder if there will be any interest this afternoon.

that "the herd" have not arrived here to see what is going on ...... still, it's only midday lol

is good compared to others I follow ..... not full of ramping/de ramping or slanging matches between posters .... just good info being posted and sense of excitement ... love it.

I need to go and cut the grass lol ..... back soon.

I could do with a right result here .... made some losses in the past so could make some back ... fingers crossed ... gla

hope it goes back up ..... exciting this.

Total Normalised Revenue* increased by 26% in the 14-month period to £2,688k (prior year: £2,130k) Events revenue in the 14-month period increased by 45% to £1,263k (prior year: £870k)

Current Trading Trading in the current year to date is in line with the Board's expectations. The Board's strategy has been to focus the Group's resources on the Events division where it sees more opportunities. We intend to continue with this strategy, whilst at the same time we intend to invest in our media businesses, which we believe will improve the Group's performance in what is a changing market. The business is in a much stronger position than it has been for some time and the Board is confident this will be reflected in the Group's trading performance in the year ahead.

Highlights · Total Normalised Revenue* increased by 26% in the 14-month period to £2,688k (prior year: £2,130k) · Events revenue in the 14-month period increased by 45% to £1,263k (prior year: £870k) · Gross profit margin in the 14-month period reduced to 65% from 70% in the prior year due to higher revenue in the Events division, which generally has slightly lower margins than the traditional media mix of business in Vitesse · Operating loss before non-recurring costs** in the 14-month period increased to £12k (prior year: £7k) · The Group's balance sheet has improved over the 14-month period with a strong improvement in cash from operations compared to the position at the prior year end resulting in an underlying reduction in payables and loans · An impairment of assets has been made during the 14-month period which included the Group's discontinued crowdfunding project, some of the Group's websites (prior to their relaunch) and paper stock. * Total Normalised Revenue comprises total revenue less non-recurring costs ** Non-recurring costs mainly comprise the impairment of the Group's discontinued crowdfunding project; the impairment of some of the Group's websites (prior to their relaunch); and the write-off of paper stock for the Group's printed magazines

Top riser ... with more to come hopefully later.

Hi all .... pop in here now and then to have a read .... honest question, with so many wells why is this only .09 ... anybody care to fill me with a few simple to follow bullet points lol ..... thinking of investing here when funds permit .... many thanks in advance .. Robert.

Good to see that Amanda & Sam from Glenwick will be at the i3 presentation .... would be tempted to go if it was in London.

http://www.glenwickplc.com/wp-content-gwik/uploads/Glenwick-i3-Manchester-Presentation.pdf Sorry if this has been posted already.