||EPS - Basic
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Real-Time news about Bella Media (London Stock Exchange): 0 recent articles
|iloveit: wow terrific find guys ,it surely will have small print that all is done and dusted LEGALLY?
If not then maybe somewhere down the line here which should be cost effective a substantial increase in share price at present of newly name changed CITY HOLDINGS could satisfy all thoses that hold and are still holding shares in this company ,i need at least a £1 a share go get them !!!!!|
|northernrocks: i wonder if a 50 million buy which is around £7.5k would make a big difference to the share price?perhaps knock it up around 30-40%.
hmm could be a stepping stone to rescue this maybe FALSE illusion they have going on this stock.
maybe if most shareholders stick together and DO NOT SELL this has to go up.|
|twix386: No worries Mr Patel. It's true and you can see for yourself the share price movements up to approx. 15p and read my notes of selling at the time on the BB.
I like to be straight forward and honest - ever heard of it? LOL
I pity you for being such a disingenous worm. Not all people live a life of such Weazel Words, manipulation and deceipt.
Yup, I am having arather nice life. Hope you are too.
Love 'n' kisses|
|safman: no not really.. this is shagged.. watched from sidelines from rise to fall.. in these mkts there really is no mercy..
the equity levels held by dirs were not appealing enough..
Bella Media PLC
23 November 2007
23 November 2007
FOR IMMEDIATE RELEASE
Bella Media Plc (the "Company")
Update on Monterey Project
Possible disposal of operations to Management
The Company is aware that the costs of the development and construction of the
IMAX cinema in Monterey, California, (the "Monterey Project") are currently
running in excess of budget due to various unexpected technical/structural
issues. Additionally there are delays occurring outside the Company's control
from the sole supplier of electricity. This has resulted in a delay in the
anticipated opening date for the Monterey Project from the end of January as
previously announced. The Company cannot as yet set a revised date.
Following the statement in March 2007, regarding the requirement for additional
funding for the Monterey Project, the critical sale of naming rights has yet to
occur and whilst BMI continues to talk to various parties with regard to naming
rights there are currently no firm commitments or letters of intent.. It is also
possible that any payment from the sale of naming rights may be received over
time and not upfront as originally anticipated.
The Company may need to consider alternative funding arrangements through
securing additional debt finance, possibly with an equity element. However, it
has been difficult to obtain commitments for additional equity capital with the
Company in its current position of being unable to provide further financial
support to the Monterey Project. Indeed, it has only been possible to continue
the Monterey Project with the support and personal guarantees of the executive
directors, Fred Weinert and Steve Crisman.
The Board has received an in principle proposal from Fred Weinert and Steve
Crisman to acquire BMI, which owns all the Group's operations, for a
consideration of US$650,000 plus the assumption of BMI debt of approximately
US$660,000.. The Board recognises that any additional equity funding for the
Monterey Project or for required future working capital would seriously dilute
the interest of the Company's current shareholders and, given the latest delay
and funding issues referred to above, the disposal of BMI may be in shareholders
This proposal would represent a Related Party Transaction under the AIM Rules
and would also require the approval of shareholders under AIM Rule 15. The Board
are considering the proposal from the Management and if they proceed, then a
circular will be sent to shareholders dealing with the AIM requirements and
setting out the Company's proposed future investing strategy. It is likely that
there would be a small placing for cash at the same time to provide the Company
with the funds to implement this strategy. Any such placing would probably be at
a significant discount to the current share price.
For Further information please contact:
Fred Weinert Chairman, Bella Media plc 00 1 847 842 1224
Peter Redmond Director, Bella Media plc 020 7332 2200
Roland Cornish Beaumont Cornish Limited 020 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
|psps: Its a total scam.
How can a company share price go down when the cinema is on the verge of opening.
It a simple case of MM trying to offload their holding to small investors.
BLL has so far made NO PROFITS and honestly cant see them making any for a while yet.
Dont get me wrong because I have a smll holding myself and I so much regret buying them .....but no point selling them as they are hardly worth anything.|
|psps: typical MM play.
Increase the share price...........people start to buy
then the price falls.
who makes money ...........only MM
Its a suckers rally....dont fall for it.|
|gantenbrink: "The venue will consist of a 290 seat IMAX 3D Theatre and will have 3 floors of complimentary lobby, retail, and concessions, including, in the future, a bar/cafe on the 3rd floor including an outdoor deck with Monterey Bay views.
During the day the venue will offer great opportunities for promotional and educational tie-ins with the Monterey Bay Aquarium about 3 blocks away. In the evening it will offer a new entertainment venue for the local community and tourists, as well as a venue for corporate events."
Assuming a ticket price of £7.50, six shows a day (based on the fact that they will be open 10am - 11pm) and I believe 363 days a year - then on a 75% occupancy this would equate to turnover of just over £3.5 mill per year. Naturally this is turnover not profit but then factoring in the value of the retail etc I am very surprised to see the share price where it is when the opening is in sight.
I felt sure that the price has been held back by a combination of debts accrued and market uncertainty as to whether they would ever get the thing open. Now income is imminent and they can then seek to address the debt situation so surely the market cap should be some way north of where we are now.
All figures above purely theoretical of course until we know ticket prices, number of performances etc and all imho of course.|
|psps: thats not worth a laff cause thats what BLL share price does anyway|
|dusseldorf: psps - The current price is irrelevant, if BLL wanted to raise say £750k, they would have to issue a large amount of shares..they cannot do this below the current ORD (Ordinary share price)which is 0.1p.
so if I were an investor/institution with £750k in my pocket and I knew BLL was in desperate need of funds, I would not accept a placement at 125% above market price, infact I would expect a discount to market price...
...so the company will first need to re-organise the share capital. the ORD (Ordinary Value) of the shares can be sub-divided e.g. ORD would go from 0.1p to 0.01p/share (deferring 0.09p/share on a technical point - your holding of shares would still be the same at this point)
Problem is then if new shares are issued to incoming party the shareprice really does look silly...so at the same time consolidate the share price:
e.g. 500 - 1
so price goes from 0.045p > 21.25p per share 5,000,000 shares become 10,000
Then the newly revised ORD (after its 10/1 split) will have moved from 0.01p/share to 5p.
so after consolidation the ORD could be 5p, meaning a consolidated shareprice of 21.25p will then allow a share issue at anywhere down to 5p....
The factor affecting how low the company can issue (e.g. they may choose to issue at 15p/share after consolidation) is basically how much of a percentage of the expanded share capital the existing shareholders get vs. incoming party....
The directors have already stated that existing shareholders are likely to be left with alot less if this is the case
N.B Both the amount of funds required and the consolidation level are examples and I have no firm idea on how much cash they require. However I would expect they need in the region of at least £400k after costs to keep going for another year from this point with no income stream|
|gantenbrink: Good to see the rise here as I had pretty much put them in a drawer and forgotten about them for a bit.
I believe that clearance of the site/demolition had started so I'm wondering if there is going to be an update soon as actual building commences. It has very much been a test of patience but at least things are actually happening now rather than waiting for planning etc. I think the share price will rise as the building does as people can physically see that revenue is that much closer rather than just mounting debt.
I am sure there will also be an element of people buying into the rise as with the share price being one of the lowest on the market any rise hits the leader board and draws attention. There is also the chance to own a million shares for less than £1000 at the moment which has a certain feelgood factor to it. This too will move the price and with progress being made on building and a gradual incline in share price perhaps people will be tempted to hang on to their shares rather than go for a quick turn for a small profit. All IMHO of course but good luck to all holders|
Bella Media share price data is direct from the London Stock Exchange