Share Name Share Symbol Market Type Share ISIN Share Description
Asg Media LSE:ASG London Ordinary Share GB00B5KNBL14
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.125p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 4.3 -5,069.4 -14.0 - 0.74

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Date Time Title Posts
23/4/201006:37avanti screenmedia digital out of home2,208.00
31/12/200719:51Avanti Screenmedia5,233.00
30/11/200710:32AVANTI - GOING INTO ORBIT, LITERALLY!!130.00

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Asg Media (ASG) Top Chat Posts

DateSubject
17/8/2009
19:23
hope67: will the management comment on the rise in share price tommorow or just let it slide back as normal?
12/8/2009
12:08
kish_008: Trades at 1.33 are actually buys. To buy more than 1k, have to go into a queue. News about to be released? I really hope it's good and sustains the share price moving forward. Interesting articles from dailydooh
04/6/2009
12:06
anusol: "Avanti is achieving an increasing level of profitable sales. The Company has today announced that it has secured two further new shopping mall contracts and an extension of the agreement with Spar Convenience Stores on improved commercial terms" EXCELLENT - and great to hear about the strengthening ties with NEO. Also glad to see the back of Simon Rees - during the 2 years he's been in charge, share price has gone form 35p to less than a penny few months ago. Wow, great track record!
16/3/2009
21:50
kish_008: Unless you really want to stamp down your voting authority, this isn't negative - especially since they rank pari passu with exisiting shares and it reduces Neo's % holding which some were worried about. In my mind, the conversion of the loan notes into shares is a vote of confidence. The share price has ticked up since Friday - let's hope it continues. Cheers.
07/1/2009
18:30
dvsfm: just look at what some good news can do to a small companies share price AGU up 475%, hopefully we'll get some of that on here
21/7/2008
16:27
kish_008: First time poster on here because I wanted to highlight some flaws in some previous postings. Earlier today someone questioned the amount of finance being raised over the past 5 years. Well, research will show that ASG demerged from Avanti Communications in Q2 2007 so looking at finance raised that far back is of no relevance to the present company. The financing that has been done for ASG is largely a result of the costs that the company had to bear because of the demerger, not, as some have implied, management burning money! The management team have got things on track following the split from Avanti Communications. They may not have been very vocal but they have delivered and I think we are in a good position going forward. There is still great value here and believe we are heading for even greater business and share price developments.
10/6/2008
13:29
dvsfm: I am happy to top up, as most know a share price is not the best gauge of company as it can be affected by lots of factors. Clearly ASG has its issues but so do many other companies on AIM and on the FTSE, Barratt Devs joined the 90% club today virtually now a year ago most would have thought that impossible. As long as ASG get there money and win profitable business the share price will recover with sentiment, it may take some time but I would think ASG could be a ten bagger before Barratt Devs would
18/4/2008
12:56
cyclingnut: bronking , good work...guess the main question is would a merger have a positive impact for the ASG share price or would we just be bamboozled by having shares in the combined company which equates to the same value as todays market price...these deals are often complex for shareholders and not always good... any thoughts?
26/9/2007
06:11
mine man: Avanti Screenmedia Group PLC 26 September 2007 26 September 2006 Avanti Screenmedia Group plc ('Avanti' or the 'Company') Placing of new Ordinary Shares and issue of Convertible Unsecured Loans to raise approximately £885,000 Dealings by Directors The Company announced on 21 September 2007 that it had raised a minimum of £680,000 by way of convertible loans and a conditional placing of new Ordinary Shares. The Board of Avanti is pleased to announce that this total has been increased to £785,485. Charles Stanley Securities and Seymour Pierce have, on behalf of the Company, completed a conditional placing (the 'Placing') of 6,578,366 new Ordinary Shares of 1p each (the 'Placing Shares') at a price of 7 pence per Placing Share with institutional and other investors to raise approximately £460,485. The Board is also pleased to announce that it has secured a further £325,000 through CUL, in addition to the £100,000 announced on 4 September 2007. The Placing is conditional, inter alia, upon the Company obtaining shareholder approval of certain resolutions at an extraordinary general meeting to be held on 18 October 2007 (the 'EGM'). Admission of the Placing Shares to trading on AIM is expected on 19 October 2007. Commenting on the fund raising, Chairman Mick Desmond said: 'I am delighted that we have secured additional funding from both existing and new investors. The Company has achieved a strong sales performance in the current financial year to date and the executive team is making good progress in delivery of the new strategy.' Enquiries: Avanti Screenmedia Group plc 0207 902 2345 Simon Rees, Chief Executive Gary Truman, Finance Director Charles Stanley Securities 020 7149 6000 Nominated Adviser Russell Cook / Freddy Crossley Bishopsgate Communications Limited 020 7562 3355 Maxine Barnes/Jenni Herbert Placing of new Ordinary Shares and issue of Convertible Unsecured Loans to raise approximately £885,000 Dealings by Directors The Company announced on 21 September 2007 that it had raised a minimum of £680,000 by way of a convertible loan and a conditional placing of new Ordinary Shares. The Board of Avanti is pleased to announce that it has raised a total of £785,485. Charles Stanley Securities and Seymour Pierce have, on behalf of the Company, completed a conditional placing of 6,578,366 new Ordinary Shares of 1p each at a price of 7 pence per Placing Share with institutional and other investors to raise approximately £460,485. The Board is also pleased to announce that it has secured a further £325,000 through CULs, in addition to the £100,000 announced on 4 September 2007. The Placing is conditional, inter alia, upon the Company obtaining shareholder approval of certain resolutions at an extraordinary general meeting to be held on 18 October 2007. The EGM to approve the terms of the Placing and to authorise the issue of new Ordinary Shares to satisfy conversion of the CULs will be held on 18 October 2007. Admission of the Placing Shares to trading on AIM is expected on 19 October 2007. The announcement of 21 September 2007 followed a trading update issued by the Company on 6 August 2007 stating that, following a difficult trading period immediately following the demerger, management had refocused the business and was implementing a revised business strategy and as a result that trading was showing signs of improvement. However, the Board also announced that the previous poor trading and the costs associated with the implementation of the new business strategy had an adverse effect on the Company's cash resources which required the Company to urgently seek additional funding for the business. On 4 September 2007 the Company announced that it had entered into a 10% Convertible Loan Agreement to raise £100,000 which is to be repaid or converted on or before 3 March 2008. The conversion of the CUL is subject to obtaining shareholder approval at an EGM, details of which are set out below. The Company also announced that the Company's cash position had improved, although the Board is continuing to seek further funding to meet the Company's working capital requirement and for continuing development of the business. Current Trading and Prospects Simon Rees was appointed to the Board as Chief Executive on 18 June 2007 since when he has overseen the implementation of a new strategy for Avanti. This has involved; the reduction of costs across the Company; a shift in resource to frontline sales and marketing; the establishment of a local advertising sales team and the favourable renegotiation and extension of existing client contracts. While the Board is confident that the successful implementation of this strategy will deliver long-term growth for Avanti and its Shareholders, the short term prospects are dependent upon a number of factors, prevailing general economic conditions and securing sufficient working capital for the Company's present requirements, and for the on-going development and expansion of the business. Earlier this month the Company announced that it has signed a deal with Electronic Health Media ('EHM') Limited to offer patient information and advertising on screens in walk-in health centres, hospitals and GP surgeries throughout England. The network provides health service professionals with a communications platform for patient information, together with local and national advertising. The contract initially extends to 130 sites, which EHM expect to expand to over 200 by December 2007. Avanti anticipates that this contract will generate gross local advertising revenues of between £500,000 and £1.0 million in the next 12 months. Avanti has also announced that it has extended its current three year contract with its largest client, The Mall Corporation, for a further 3 years through to 2011. The Mall Corporation currently owns and operates 23 shopping malls nationwide. The Board has also announced that advertising sales across the Company are performing strongly. Booked (gross) advertising sales in the first two months of the current financial year exceeded those achieved for the entire 12 months to 30 June 2007. Funding The Board has been seeking to secure short term-funding since the trading statement of 6 August, and continues to explore potential sources of additional finance to take advantage of certain new opportunities to support the development of the business. This includes potential acquisitions which complement the Company's strategy for growth and consolidation of the screenmedia sector. Convertible Unsecured Loan Agreements The Board announced on 4 September 2007 that the Company had entered into a Convertible Unsecured Loan Agreement to raise £100,000 before expenses. The CUL carries an interest rate of 10% percent per annum and is due to be repaid or converted at a conversion price of 2.0p per share on or before 3 March 2008. If fully converted, the CUL will require the issue of 5.0 million new Ordinary Shares, equivalent to 10.7% of the Enlarged Share Capital. The announcement on 21 September 2007 stated that that the Company had entered into further Convertible Unsecured Loan Agreements to raise £325,000 which include £25,000 from Mick Desmond, £75,000 from Gary Truman and £25,000 from Simon Rees, the Chairman, Finance Director and Chief Executive of the Company respectively. The CULs carry an interest rate of 10% percent per annum and are due to be repaid or converted at a conversion price of 8.375p per Ordinary Share on or before 21 March 2008. If fully converted, these CULs will require the issue of 3.88 million new Ordinary Shares, equivalent to 8.3% of the Enlarged Share Capital. The resolutions proposed at the EGM provide the Board with authority to issue the new Ordinary Shares pursuant to such conversion of the CULs. Placing of new Ordinary Shares The Company requires to raise a minimum of a further £400,000 to provide sufficient cash resources to meet the Company's immediate working capital requirements. In the opinion of the Directors the optimum level of further funding to meet all working capital requirements of the business for the next twelve months is £1.25 million. The Company is proposing to raise £460,486 by way of a Placing at 7.0 pence per Placing Share. The Placing Price represents a discount of approximately 33.3 per cent. to the closing mid market price of the Ordinary Shares on 20 September 2007 (the date prior to the announcement of the Placing). Charles Stanley and Seymour Pierce have placed 6,578,366 Placing Shares at a price of 7.0 pence per Placing Share with certain institutional and other investors to raise £460,486. The Company is also seeking authority to place up to a further 5.4 million new Ordinary Shares which will raise up to a further £376,000 at the Placing Price. The Placing and the Proposed Placing are conditional on the passing of the Resolutions and the Placing is conditional on Admission. The Placing and the Proposed Placing are not being underwritten. The Placing Shares and the new Ordinary Shares to be issued pursuant to the Proposed Placing are not being offered generally to Shareholders, whether on a pre-emptive basis or otherwise. The Directors believe that the additional cost and delay which a rights issue or open offer would entail would not be in the best interests of the Company in the circumstances. The Placing Shares and the new Ordinary Shares to be issued pursuant to the Proposed Placing will rank equally in all respects with the existing Ordinary Shares. Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. Subject to Admission becoming effective, it is expected that dealing in such Placing Shares will commence on 19 October 2007. In order to issue the new Ordinary Shares in accordance with the terms of the CULs, to undertake the Placing and the Proposed Placing, the Board of the Company is now seeking Shareholders' approval at an EGM to increase the Company's authorised share capital and to authorise the Directors to allot a number of Ordinary Shares on a non-pre-emptive basis pursuant to sections 80 and 95 of the Companies Act 1985. In the event that the CULs are converted in full and the Company issues all of the new Ordinary Shares for which it is seeking authority at the EGM in relation to the Placing and the Proposed Placing, the Company will be required to issue a total of 20,842,293, new Ordinary Shares which will represent approximately 44.7% of the Enlarged Share Capital. In the event that all of the new Ordinary Shares for which Shareholders' authority is being sought the Enlarged Share Capital will be 46,650,000 Ordinary Shares. Share Options Gary Truman has today exercised options over 73,602 ordinary shares representing 0.2 per cent of the current issued share capital at an option price of 1 pence per share. Details of Mr Truman's shareholding, including potential conversion of his CUL to the Company, are set out in paragraph 2 of Additional Information below. Application will be made for these new Ordinary Shares to be admitted to trading on AIM, which is expected to be on 19 October 2007. Directors and other interests Following the Placing and upon conversion of the CULS the interest of the Directors in the share capital of the Company (as at 24 September 2007 being the latest practicable date prior to this announcement) will be: Director Number of Percentage of Number of Ordinary Percentage of Ordinary Shares existing issued share Shares following enlarged issued capital completion of the ordinary share Placing and capital following conversion of the completion of the CULs Placing and conversion of the CULs Michael Desmond - - 298,507 0.7% Simon Rees 2,500 0.0% 301,007 0.7% Gary Truman 240,505 0.9% 1,209,629* 2.9% John Brackenbury 402,659 1.6% 402,659 1.0% Richard Vos 1,900 0.0% 1,900 0.0% * includes exercise of 73,602 share options The Directors are aware of the following interests, other than those of the Directors', held directly or indirectly in 3 per cent. or more of the issued share capital of the Company (as at 24 September 2007 being the latest practicable date prior to this announcement): Shareholder Number of Percentage of Number of Ordinary Percentage of Ordinary Shares existing issued Shares following enlarged issued share capital completion of the ordinary share Placing and capital following conversion of the completion of the CULs Placing and conversion of the CULs Caledonia Investments plc 6,163,301 24.0% 6,163,301 14.9% Barclays Stockbrokers 1,808,279 7.0% 1,808,279 4.4% Hermes Pensions Management 1,804,067 7.0% 1,804,067 4.4% Kaupthing Bank Limited 1,775,000 6.9% 1,775,000 4.4% D J Williams 1,432,021 5.6% 1,432,021 3.5% D Bestwick 1,000,840 3.9% 1,000,840 2.4% Extraordinary General Meeting By way of further background and explanation, before the Placing and the Proposed Placing can proceed and the CULs can be converted a number of new Ordinary Shares need to be created. After taking into consideration the anticipated terms of the Placing and the Proposed Placing, the Company's obligations in accordance with the CULs and certain share options granted to its employees and officers, the Company's likely future requirements and the Company's current share price, the Board of the Company have recommended that 10,000,000 new Ordinary Shares be created. This would increase the Company's authorised share capital by £100,000 to £500,000. The first Resolution approves this increase. Following the creation of the new Ordinary Shares, the second and third Resolutions empower the Directors to allot equity shares for cash (other than in accordance with the statutory pre-emption rights which require a company to offer all allotments of equity shares for cash first to existing shareholders in proportion to their holdings), in connection with the CULs, the Placing, the Proposed Placing, any rights issue and otherwise in respect of a further 2,332,500 Ordinary Shares. Unless renewed, revoked, varied or extended, this authority will expire at the end of 15 months from the date of passing of the Resolutions or at the conclusion of the AGM to be held in 2008 of the Company, whichever is the earlier. Directors' Recommendation As set out above, Michel Desmond, Simon Rees and Gary Truman have entered into CULs and as such are considered to be related parties for the purpose of considering and providing a recommendation to Shareholders. The Independent Directors, comprising Stuart Chambers, John Brackenbury CBE and Richard Vos consider, having consulted with Charles Stanley, that the terms of the CULs entered into by the Company with certain of the Directors are fair and reasonable insofar as Shareholders are concerned. The Independent Directors are of the opinion that the issue of new Ordinary Shares on conversion of the CULs, the Placing and the Proposed Placing which are subject to the passing the Resolutions at the EGM are in the best interests of the Company and its Shareholders as a whole. Accordingly, the Independent Directors unanimously recommend that Shareholders vote in favour of the Resolutions at the EGM as they intend to do in respect of their own Ordinary Shares representing approximately 1.56 per cent of the current issued share capital. PLACING STATISTICS Placing Price 7p Number of existing Ordinary Shares in issue 25,734,105 Number of Placing Shares 6,578,366 Number of Ordinary Shares in issue immediately following Admission 32,312,471 Number of Proposed Placing Shares Up to 5,383,332 Number of Ordinary Shares to be issued upon conversion of the CULs Up to 8,880,595 Conversion price of CULs £100,000 at 2.0p £325,000 at 8. 375p Maximum number of Ordinary Shares in issue following Admission and upon conversion of 46,650,000 the CULs and the issue of the Proposed Placing Shares Market capitalisation of the Company at the Placing Price £2.3 million Gross proceeds of the Placing and from the CULs receivable by the Company £885,486 Estimated net proceeds of the Placing and from the CULs receivable by the Company £850,000
24/9/2007
12:10
primrose: The only so called pump and dumpers dangerous brian are the MMs ! - Who also on 6 years experience operate on advfn bbs themselves, especially when "shorting" larger companies. MMs manipulate such stocks as ASG with screen prices & bbs, deliberately artificially inflating and deflating prices repeatedly. - If anyone researches the last 2 year history on ASG, then there is no question on the facts. The share price was mostly around 35p for much of the last 2 years, until some working capital cash flow problems were experienced earlier this year. These have now been addressed and resolved, and the company has also RNS confirmed that as of recently, the already booked gross sales for this year, are higher than the whole of the last financial year ! The share price being less than 1 p.e. ! - There being a great deal more time for even more contracts and profits to be announced. Including the NHS screens, which one RNS confirms may be increased 3 fold, up to 350 sites by December 2007 ! MMs have the entire system onside, including delayed trades. They manipulate prices and have been ripping off P.I's in ASG for some days ! Examine the published trades records over the last 21 days.. - One of the other problems is certain private investors not being able to simply HOLD a share for longer than 2-3 days !! One person bought 151000 at 20p and 3-4 days later sold out at 9p, 1.5p below the screen prices at the time, losing £17000.. MMs have not been dealing but "trading" in ASG shares themselves, making up to 50% extortionate cash Profit on average per share bought and sold over the last 1-2 weeks.. MMs are not wholesalers but simply traders, manipulating extortionate vast profits from shares like ASG. Today as expected, they've taken in some cheap shares, which they will soon look to sell on at over 12.5p - 14p again.. This type of share is demand driven to some extent - but MMs halping themselves to up to 50% cash profit within 2-4 days on shares being bought and sold, is hardly helping the company's shareprice value and recovery to around 25p, which is where it should be going one way or the other over the coming days and weeks. Plus MMs charge the company as a client, for providing such market services..! Some P'I's simply need to learn to Buy and HOLD for longer than 10 mins. At the first sign of any limited buying now, the MMs will jetison prices back up. But if people are stupid enough to conceed such a short term paper loss of up to 40% by giving MMs cheap shares back, then the MMs will simply take advantage and steal as much cash profit as they can.. The whole UK share system being one sided and perverse. MMs should be capped and regulated on profit margins, but they remain a law unto themselves to rip off P'I's with as much as they can possibly get away with. More positive RNSs are due from ASG near term - and I suspect the P.I. who prematurely sold his 151k 20p holding for just 9p, will only be more gutted when ASG is again well over 20p - very soon
Asg Media share price data is direct from the London Stock Exchange
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