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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Apace Media | APA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.875 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.875 |
| Top Posts |
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Posted at 08/1/2011 20:01 by leadersoffice I have also received a dividend. Hadn't got a clue who this Content Ventures Ltd was until I just checked. Not bad to receive a divi more than i got from Apace plc |
Posted at 17/12/2010 12:38 by graham142 Just received a dividend cheque from content ventures aka apace - whats all that about then - anyone else had a divvy?Apace are the company who sent documents and I had to pay the post office cos they hadn't put enough postage on the envelope....what a shower. |
Posted at 12/3/2010 13:19 by jabberstocky Sad story this one. Thought the market had been very good to APA over the years, not with the share price, but its willingness to go on funding.Guess it got fed up. A few lessons can be learnt. BTW is there anything on line about the Albanian litigation other than in the company's RNS's? |
Posted at 07/3/2010 12:27 by mam fach This is a mugs game.With shares like APA PI'S are on a hiding to nothing. Once this is delisted will we ever hear anything again. |
Posted at 15/2/2010 18:33 by michaelmouse Truffle - Some shareholders won't like holding shares in a company that isn't listed and whose shares will be even more difficult to trade than they are now:-"The principal effects of the Cancellation will include (amongst others): (a) there will be no public stock market on which Shareholders can trade their Ordinary Shares and, further, no other trading facility (other than the Third Party Facility referred to in paragraph 6 below) will be available to enable trading of the Ordinary Shares. Consequently, following Cancellation, there can be no guarantee that a Shareholder will be able to purchase or sell any Ordinary Shares; (b) no price will be publicly quoted for the Ordinary Shares;" I'm not a holder of APA shares, but do hold shares in DCD media. The statement suggests talks are still ongoing with DCD (or others) to dispose of Steadfast and APA's music publishing business. APA shareholders do have my sympathy since it appears they will be delisting well below fair value. Sadly, it is always a risk with smaller companies where the CEO has a major holding (68% from a previous post?). Good luck. Michael. |
Posted at 28/1/2010 10:08 by cliley454 Apace Media. APA. Market cap £4.46mOver looked and very undervalued imho. Please take a few minutes to follow the links to allow for a fuller understanding of APA for your research. In Feb 2007 APA formed a strategic partnership with Sweden's MTG broadcasting and formed the joint venture Balkan Media Group Ltd (BMGL). Move then to July 2008. APA partner, MTG buys Nova TV for £540m. Following rejected attempts by MTG to buy APAs 50% of BMGL they agree a merger whereby all assets of BMGL are placed into Nova TV and APA end up with 5% of the total. That's 5% of Nova TV, bought a year earlier for £540 plus 5% of BMGL, which held all of Apace's Eastern European broadcasting assets. The deal wasn't completed until August 2009 so no Nova TV revenues show on the 6 months to June 2009 balance sheet. Also not showing is £1.6m received for repayment of loans. So they have at least £2.5m cash and 5% of Nova TV worth £27m and 5% of the other Eastern European assets. But there's even more. They also own a couple of UK broadcasters, Pro-Active TV and Steadfast TV, both profit making. Now here's were it gets interesting. APA are in talks with DCD Media for DCD to buy Steadfast from APA. (post 644 of 670). Interim results for the six months ended 30 June 2009 showed steadfast TV made a profit of £247,000 for the first 6 months and is expected to do even better over the next 6 months as the recession recedes. Also included in the deal is Steadfast International which is also profitable. No announcement has been made as yet regarding this deal, so one can only speculate as to the value placed on Steadfast TV, but it should be multiples of the £500k+ profit they will make this year. |
Posted at 25/1/2010 07:57 by cliley454 Apace Media. APA. Market cap £3.46mOver looked and very undervalued imho. Please take a few minutes to follow the links to allow for a fuller understanding of APA for your research. In Feb 2007 APA formed a strategic partnership with Sweden's MTG broadcasting and formed the joint venture Balkan Media Group Ltd (BMGL). Move then to July 2008. APA partner, MTG buys Nova TV for £540m. Following rejected attempts by MTG to buy APAs 50% of BMGL they agree a merger whereby all assets of BMGL are placed into Nova TV and APA end up with 5% of the total. That's 5% of Nova TV, bought a year earlier for £540 plus 5% of BMGL, which held all of Apace's Eastern European broadcasting assets. The deal wasn't completed until August 2009 so no Nova TV revenues show on the 6 months to June 2009 balance sheet. Also not showing is £1.6m received for repayment of loans. So they have at least £2.5m cash and 5% of Nova TV worth £27m and 5% of the other Eastern European assets. But there's even more. They also own a couple of UK broadcasters, Pro-Active TV and Steadfast TV, both profit making. Now here's were it gets interesting. APA are in talks with DCD Media for DCD to buy Steadfast from APA. (see above post). Interim results for the six months ended 30 June 2009 showed steadfast TV made a profit of £247,000 for the first 6 months and is expected to do even better over the next 6 months as the recession recedes. Also included in the deal is Steadfast International which is also profitable. No announcement has been made as yet regarding this deal, so one can only speculate as to the value placed on Steadfast TV, but it should be multiples of the £500k+ profit they will make this year. |
Posted at 21/1/2010 10:58 by encarter No but here's something.Advanced talks to buy Steadfast TV, which is on target to make a £500k+ profit this year so what's it worth, 10 x earnings? Steadfast i only a small part of APA whose total Market cap is only 3.5m. |
Posted at 16/7/2008 15:57 by humphbumph I wish we could establish a decent informative thread on this! I have a stupid amount of APA but have also become bored. On some threads (e.g BTG) there are good people who have the ability to dig around for information. Here, quite likely, the shareholder base is too small.I've sort of assumed that with several of their major strands of activity progress has not stopped completely but has merely been postponed. I have several Bulgarian friends who assure me that their economy and the level of entrepreneurialism is increasing sharply. They do confirm also, alas, my deepest fear that throughout the Balkans corruption and skullduggery is still rife. |
Posted at 10/5/2006 07:47 by xumii Final ResultsRNS Number:7099C Apace Media PLC 10 May 2006 APACE MEDIA PLC PRELIMINARY RESULTS PERIOD ENDED 31 DECEMBER 2005 HIGHLIGHTS On an unaudited pro-forma basis for the Group as it is currently constituted for the 12 months ended 31 December 2005: *Turnover of #5.65 million. *EBITDA, before minority interests, of #1.42 million. *Pre tax profits, before minority interests, of #1.11 million. *Earnings per share of 1.26 pence. *Strong balance sheet: net assets of #12.5 million with #3.7 million cash at 31 December 2005. *Acquired majority stakes in two cable and satellite broadcasters in Bulgaria - establishing Apace as one of the biggest multi-channel broadcasters in Bulgaria. *Launched general entertainment television production business in September 2005. Great progress made with some 30 hours of programme projects with wide number of broadcaster partners now in development. *Confirmed factual television projects include: + *Fans United. A nine-part series being successfully shown on ITV1 and internationally in the run up to the World Cup. + *Helicops. Two-part series for BBC1 primetime following the activities of air-bound police work, in production for delivery in July and August 2006. + *A formal development deal for BBC1 primetime to produce up to 7 hours of police programming for delivery in 2007. + *A formal development deal with Discovery Europe on 3 projects with international potential. + *Development deal with National Geographic in the US to develop between 2 and 6 hours of popular science programming, subject to co-production finance. Apace Media plc Chairman and Chief Executive Didier Stoessel commented: "In a relatively short time we have built a media group with great growth prospects: we have put in place a general entertainment television production division that is securing international and UK commissions. On the broadcast front we are now an important player in the faster-emerging Eastern European markets with the resources and know-how to take advantage of the significant opportunities that exist in the region." For further information please contact: Simon Forrest 07885317746 Chairman's statement and operating & financial review This is the first set of results since the Company listed on the AIM Market in April 2005 and I am pleased to be able to report excellent progress across all our activities. The last 12 months have seen the business restructured and significantly enlarged, positioning the Company to become: - a leading content producer in the UK - a sizeable broadcaster in the fast growing economies of Eastern Europe The figures used in this statement originate from pro-forma unaudited results which have been prepared as if the Group had traded in its current form since 1 January 2005. Pre-tax profit for the year, before minority interests, was #1.11 million on a turnover of #5.65 million. EBITDA for the year, before minority interests, was #1.42 million. The EBITDA contribution from our Content Creation and Eastern European Broadcasting divisions, before minority interests, was #0.81 million for the year. Earnings per share were 1.26 pence. Content creation activities contributed 55% of the turnover and Eastern European broadcasting activities 45%. Our balance sheet is strong with net assets of #12.5 million, of which #3.7 million was in cash at the year end. I am not commenting on the FRS3 results for the 18 months ended on 31 December 2005, since they exclude the activities of the Apace businesses before May 2005. Achievements since listing Our key objectives following flotation have been a) to develop our Eastern European Broadcasting activities, b) to create a significant UK-based independent television production operation and c) to invest in the business infrastructure and management skills to accommodate further growth in the future (organic or through acquisitions). All these objectives are being achieved. Operational highlights Content Creation Division On an unaudited pro-forma basis, before minority interests, these activities generated EBITDA of #1.08 million on a turnover of #3.08 million. If we exclude the losses of our start-up businesses and the profit generated from catalogue restructuring, this division generated an EBITDA profit (before minorities) of #0.44 million. Our Content Creation activities are television production, the supply of advertiser funded programming and the creation and licensing of music content. Television production: We launched our general entertainment television production business in September 2005. No revenue was generated from this activity in 2005. The global market for television programmes is already large and growing. Particular opportunities have been created recently for UK-based producers as a result of the Communications Acts, which allow them to create, own and exploit the intellectual property rights. During the period under review, we substantially accelerated our investment in this activity compared to the original business plan to benefit from a) our initial successes in discussions with customers and key staff candidates and b) the turmoil in the market amongst our competitors. The progress of this start-up business has exceeded our expectations. Key relationships such as a two-year development partnership with Channel Four International were already in place. We have now established further key relationships with Discovery Europe, BBC One, Discovery Canada and National Geographic's U.S. channel. We are systematically creating a wide portfolio of creative programme ideas in development (30 hours already). This is being developed with our broadcast partners for commissioning in the UK (e.g. BBC, ITV and five) and internationally (such as Discovery in USA, Asia, Europe and Canada, National Geographic and a number of Australian channels). We believe that our focus on and management of this creative process distinguishes us from our competitors. The momentum is now growing and we expect to be able to announce several new commissions soon. Those projects which have already been formally contracted are: * Fans United. A nine-part series being successfully shown on ITV1 and internationally in the run up to the World Cup. This was initiated by our AFP business (see below), but was kept as an in-house production under the auspices of the new programme making team to maximize our return from the project. * Helicops. A fast turnaround two-part series for BBC1 primetime following the activities of air-bound police work. Now in production for delivery in July and August 2006. A key factor in securing this high-profile commission was the need to produce it within budget, and to a tight deadline. * A formal development deal for BBC1 primetime, which is intended to produce up to 7 hours of police programming for delivery in 2007. * A formal development deal with Discovery Europe on 3 projects with international potential, including the development of a long-running popular factual series. In addition to these existing commissions, the National Geographic Channel in Washington has confirmed its intention to order between 2 and 6 hours of popular science programming, subject to appropriate co-production funding being in place. Our television production activities also include the generation of sports programming: both live event coverage and the creation and packaging of magazine-type shows. This operation, which became a part of the Apace group three years ago, works with both broadcasters and international sporting organisations, helping to generate interest and awareness in the sports. Over the last twelve months the business has supplied over 300 hours of original programming internationally. This includes a three-year high-volume supply arrangement with Sky Sports and a rolling one-year distribution deal with Fox Sports. Advances in 2005 included our becoming established as a leader in global rugby coverage - one of the fastest growing sports in the world. Having secured the contract to cover the IRB Sevens games we also covered the Sevens World Cup, the most watched international rugby event next to the full World Cup. Success in the Sevens led to our being awarded the contract to cover the Under 19 Rugby World Cup in Dubai. Other highlights included winning rights to coverage of the UK Open Squash Championships, our re-appointment by the International Water-ski Federations to cover the World Cup international series, our appointment as producer of coverage of the United Arab Emirates Desert Rally series and output deals with The Sailing Channel. Advertiser Funded Programming ("AFP") Our start-up AFP activities, where we work with broadcasters and brands to supply paid-for television programming, began to generate revenues in 2005. The most significant achievement was Fans United, a new international series exploring the unique habitat of the football fan. Sponsored by Unilever, the series is being broadcast in over 30 territories before, during and after the World Cup, screening on ITV1 in the UK. We are now exploring various new applications for the Fans United format for other sports in the UK and internationally, including a US version. During the year we also worked with Nissan on Nissan Sports Adventure featuring sports from exotic worldwide destinations. Other programmes we distributed included Tuningmania, Sports Mania, Hot Water and Destination Adventure. Music Our music production activities were launched in 2004 and operate in the mid-price compilation market releasing a wide range of diversely themed albums. By the end of 2005 we were the tenth largest business in this UK market segment, a competitive environment that includes Sony BMG, EMI and Universal. During 2005 we sold over half a million albums under a range of labels including Mastercuts, Bar de Lune and Pure. In total 80 albums were released covering such genres as Funk, Soul, Reggae and Salsa. Apace Music re-launched the Mastercuts brand featuring albums from Marvin Gaye, Bob Marley and others. In the UK, sales drives were supported by marketing campaigns in key stores including ASDA, Virgin, Boots, Borders and Sainsbury's. Internationally 2005 saw great progress with successful export drives into the US, the large European markets, Japan and Australia. One of this activity's valuable assets is its music recording and publishing catalogue, which now stands at 3000 tracks. 600 of these are owned outright with no royalty payments due to any third parties. In addition to using these tracks on our own releases and premiums, revenue comes from third-party use on radio and television and by other labels. Eastern European Broadcasting Division On an unaudited pro-forma basis, before minority interests, these activities generated EBITDA of #0.68 million on a turnover of #2.58 million During 2005 and early 2006, we made progress to achieve our ambition of building a significant business in Eastern European broadcasting by acquiring majority stakes in two cable and satellite broadcasters in Bulgaria - MM Televizia (66%) and Diema Vision (50% initially, recently increased to 66%). These two companies combined now control six channels, establishing Apace, alongside News Corporation, as one of the biggest multi-channel broadcasters in Bulgaria. These channels cover sports, entertainment, movies and music and control key broadcasting rights in Bulgaria for films and sporting events (including English, French and Spanish top division football). These acquisitions firmly establish Apace Media as a fast-growing media business in the region. In addition to the cable broadcasting activities we also generate revenue from cinema and home entertainment releases. Driving the growth of this business will be a) increasing cable carriage fees, reflecting the high quality content we now have available b) developing the advertising market through more cross-channel selling and other initiatives and c) rolling out Pay Per View services offering premium content. Advertising in particular has huge potential as audience measurement methods become more precise, more international brands turn to Bulgaria and the dominant position of the terrestrial channels diminish. Set against the background of a growing economy and Bulgaria's likely admission to the EU, advertising prospects are excellent. The first few months of 2006 saw us put in place the first stages of our Eastern European growth strategy. Part of that included creating a regional business development team based in Sofia, led by four senior appointments: the former head of Corporate Finance in Bulgaria for Deloitte as Chief Executive of our Eastern European business, and three senior executives looking after legal affairs, advertising and music promotion. Board and Management During the period, the composition of the Board changed to reflect developments within the business. Chris Rowlands and Charles Thompson joined the Board as executive directors with the acquisition of their television production business. In early 2006 Chris became Chief Operating Officer of Apace Media plc, while remaining Deputy Chairman of the Company. In the New Year we also welcomed William Vanderfelt, an experienced institutional investor, onto the Board as a non-executive director. In addition we strengthened the central management of the Company by increasing Martin Johnston's role as Finance Director to full-time and by the appointment of Robert Carter as Legal Counsel / Company Secretary. Other key head office hirings included IT and communications specialists. Staff I would like to thank all the staff for their contribution to this year's excellent performance. Throughout a period of great activity, which included the AIM listing, the setting up of new divisions and a period of intense creative activity, Apace's staff has shown flexibility, commitment and adaptability. I also believe we have one of the best management teams around, one capable of having great strategic vision and then going out and making it a reality. Dividend As we focus on developing the business over the next few years we shall be investing in people, rights and marketing. Consequently we do not intend to propose a dividend for 2005. We will however keep this policy under regular review. Current trading and future prospects Trading is currently in line with the Board's expectations of doubling each company's turnover in 2006 compared with 2005 and the directors are positive about the Group's future prospects and growth. Overall our results in 2006 will be heavily biased towards the second half of the year, when most of the EBITDA contribution will be generated. This is due to a) the seasonal nature of our broadcasting activities, b) revenues from our first raft of general entertainment commissions beginning to flow after the half year and, compared to 2005, c) an increased investment in central infrastructure in London and Sofia to support further growth, some #400,000 of additional annual cost. Rights catalogue trading activity had a significant impact on the 2005 results of the Content Creation Division, occurring in the first half of the year. We have said previously that these opportunities occur infrequently, require major investment and management time and their profits are lumpy. We are not currently pursuing new opportunities in this field. Operationally we will see great progress during 2006 and I am pleased to be able to report strong sales growth in both our divisions so far this year. Our Content Creation Division is now well positioned to benefit from the anticipated market growth in independent television production and advertiser funded programming over the next few years. The directors believe that this division, after a strong second half in 2006, will start to show its real potential in 2007. In our Eastern European Broadcasting Division, we are expanding the number of our channels in Bulgaria from six to eight over the next six months. We also plan to enter the new media sector in Bulgaria through an expansion of our internet activities. As far as regional expansion is concerned, our next targeted markets for acquiring broadcasting assets are Macedonia, Albania and Bosnia. Our strategy is to create a pan-regional Eastern European broadcasting business in the countries where the large media players such as CME, RTL, SBS and MTG are not present. In a relatively short time we have built a media group with great growth prospects: we have put in place a factual television production division that is securing international and UK commissions. On the broadcast front we are now an important player in the faster-emerging Eastern European markets with the resources and know-how to take advantage of the significant opportunities that exist in the region. Didier Stoessel Chairman and Chief Executive 9 May 2006 (I've left out the actual numbers, post already very long - xumii) |
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