Apace Media Share Discussion Threads

[howie1943] 15/2/2010 17:10

What are the shareholders choices: to sell at 1p the current sell price or stay with the company who are holding £2.1m cash. Is there any point in voting as the CEO holds 68% of shareholding and has indicated that he will vote for the motion.

[truffle] 15/2/2010 16:13

Yes, could be difficult short-term, but the numbers look quite good on the face of it, don't they?
Maybe there is more news to come out of all this.

[soulsauce] 15/2/2010 16:12

Pump, dump, and going down the pan!!

[mam fach] 06/2/2010 11:44

Another Pump & Dump excercise.
BB now gone silent after attracting more suckers
who don't know what actually happened.

[induna123] 03/2/2010 12:31

DCD on the move.

[pre] 28/1/2010 19:17

...mm's will be keen to drop this back tomorrow after that late rns:-(

[humphbumph] 28/1/2010 16:20

I have noted the statement from the directors of Apace and know of no reason why they would have made it.

[topinfo] 28/1/2010 16:15

DJ Apace Media PLC Statement re Share Price Movement

TIDMAPA

RNS Number : 3005G

Apace Media PLC

28 January 2010

Apace Media plc ("Apace" or the "Company")

Statement re: Price Movement

The Directors of Apace note the movement in the Company's share price and know of no reason for the recent rise.

[induna123] 28/1/2010 11:37

Just noticed some buying going on at DCD too. Has the deal been done?

[big bigstuff] 28/1/2010 11:31

September Films owner DCD Media is in advanced talks with Apace Media to acquire its bluelight specialist Steadfast Television.

DCD would also take on distribution business Steadfast International and music rights company Apace Music under the terms of the deal.

The companies are currently in due diligence and, provided the deal goes ahead, expect to conclude it within a month. There is no third-party broker and it is understood the transaction would be exclusively in shares rather than cash. Both DCD and Apace are listed on AIM.

Apace, which has the bulk of its interests in Bulgaria, is seeking to divest its UK companies, while DCD is keen to diversify its production and rights bases.

Steadfast was founded in 2005 by former Mentorn managing director Charles Thompson and is best known for making police ob doc series for a range of broadcasters, including BBC1's Cars, Cops And Criminals, ITV1's Coastline Cops and Sky 1's UK Border Force.

Blue-light shows traditionally perform well during a downturn because they rate well and are quick and relatively cheap to produce. Steadfast's catalogue would sit well alongside September's fast turnaround, factual entertainment shock docs and its high-volume studio shows, such as Daily Cooks, produced by DCD's Prospect Pictures.

Thompson is expected to remain with Steadfast, which would become a wholly owned subsidiary of DCD, and to become a director on the super-indie's factual board.

DCD turned over £34.5m in the year to 30 June 2009, making £1m operating profit. Limited information is available about Steadfast, but Apace turned over £5.3m in the six months to 30 June.

Apace Media chairman Robert Burke and DCD chief executive David Green - who was confirmed in the role just before Christmas - both declined to comment.

[phantomf4m] 28/1/2010 11:22

I would like to think the word is out the deal with DCD is complete. Hopefully DCD can show the same price surge.

F4

[induna123] 28/1/2010 11:15

63% up. Anybody with L2?

[encarter] 28/1/2010 11:10

Sharepice movement should prompt an announcement.

[induna123] 28/1/2010 11:01

Well the last results in Sept they reported assets of £10m.

145m shares in issue. Current market cap £4.7m. Should be at least 7p based on results from 6 months ago.

Now we just need an update on activities since then.

[cliley454] 28/1/2010 10:08

Apace Media. APA. Market cap £4.46m
Over 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.

[encarter] 28/1/2010 09:42

Yep news perhaps. Post 665 of 669 indicates a value of 25p a share.

[induna123] 28/1/2010 09:38

Flurry of trades in the last 10 minutes.

[encarter] 26/1/2010 07:52

They usually put out a trading update out begining of Feb so now's the time to be picking up stock imho and you can still buy under mid price.

[humphbumph] 25/1/2010 14:46

Too much Liffey water again, steelwatch?

[steelwatch] 25/1/2010 08:47

Yeah - I'd buy Leni on a 12 month view.

[cliley454] 25/1/2010 07:57

Apace Media. APA. Market cap £3.46m
Over 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.

[encarter] 21/1/2010 12:14

"September Films owner DCD Media is in advanced talks with Apace Media to acquire its bluelight specialist Steadfast Television.


DCD would also take on distribution business Steadfast International and music rights company Apace Music under the terms of the deal.

The companies are currently in due diligence and, provided the deal goes ahead, expect to conclude it within a month. There is no third-party broker and it is understood the transaction would be exclusively in shares rather than cash. Both DCD and Apace are listed on AIM.

Apace, which has the bulk of its interests in Bulgaria, is seeking to divest its UK companies, while DCD is keen to diversify its production and rights bases.

Steadfast was founded in 2005 by former Mentorn managing director Charles Thompson and is best known for making police ob doc series for a range of broadcasters, including BBC1's Cars, Cops And Criminals, ITV1's Coastline Cops and Sky 1's UK Border Force.

Blue-light shows traditionally perform well during a downturn because they rate well and are quick and relatively cheap to produce. Steadfast's catalogue would sit well alongside September's fast turnaround, factual entertainment shock docs and its high-volume studio shows, such as Daily Cooks, produced by DCD's Prospect Pictures.

Thompson is expected to remain with Steadfast, which would become a wholly owned subsidiary of DCD, and to become a director on the super-indie's factual board.

DCD turned over £34.5m in the year to 30 June 2009, making £1m operating profit. Limited information is available about Steadfast, but Apace turned over £5.3m in the six months to 30 June.

Apace Media chairman Robert Burke and DCD chief executive David Green - who was confirmed in the role just before Christmas - both declined to comment."

[encarter] 21/1/2010 10:58

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.

[encarter] 21/1/2010 10:52

Edit. Whoops wrong thread.