Catalyst Media Share Discussion Threads

[red ninja] 28/8/2007 12:43

On the 7/8/07 they lost some more cash :-

Catalyst Media reaches settlement with Champ Car World Series


LONDON (Thomson Financial) - Catalyst Media Group PLC said it has reached an
agreement with Champ Car World Series LLC for the payment of 0.4 mln usd in full
and final settlement of dues owed to Champ Car as per an agreement on Dec 15,
2004 between Champ Car, CMG and Betelgeuse Productions Inc.
The group said the settlement agreed is significantly within the potential
liabilities of the company.
[e-mail]

[bsg] 28/8/2007 11:35

Probably borrowed a bit more to pay their salaries !

[lplp] 28/8/2007 11:00

Can anybody tell me why CMX total debt is now £7.5m up from the less than £6.8m announced at the begining of the month?

[z1gzag] 20/8/2007 21:09

New website under construction.

[z1gzag] 17/8/2007 10:54

I thought Tringo was due for launch end of Q2 - did it ever happen.

[morgs] 17/8/2007 10:49

Good one, any more dead to bring out.
What is tringo, can I bid a £10 for it and do I get some change !

edit.

I have just noticed that some Auz company appears to be licensing it (or am I talking about the wrong Tringo?)

[theheadchef] 16/8/2007 14:55

We've been tringed!

[morgs] 16/8/2007 09:32

I agree the upside is rather limited but not the end of the world. After all the shares issued I am averaged in at something like 0.68p. Not a massive amount, not enough to cut my losses, just write the whole lot off in my mind to experience and if something good comes of it then happy days.

I get involved with Private Equity valuations and valuing this share is typical senario, but unlike some of the ones I see at least SIS pays a dividend. CMX did pay around 17.5m for the SIS share (does my memory serve me right?) This wasn't cheap, but at least back has been broken on the debt. So what next from here? Only potential growth comes from the activities of SIS, I don't think that will be radical either way, still a tough time ahead for SIS now that the cost to air for transmitting a whole race is in the few thousands as opposed to the days when 1 minute on intelsat would set you back £5k.

At least they have the strategy of having major clients as shareholder goes some way to having an insurance policy. Also SIS position can only be challenged by a collective of race tracks (which has happened) as it is still not cost effective (yet) to emulate the football clubs tv strategy, ie each having their own channel.

[morgs] 15/8/2007 14:20

LPLP> this is the problem I have how do you value the multiples where there are not exactly peers to benchmark it against.

I might have been quite rude about owning this but if you were one of the early holders and rode the share down and suffered the changes that this company has gone through then why not. From this point on it gets interesting as it is turning itself into an investment trust for want of a better description.

[andrbea] 15/8/2007 13:53

3rd August

Leading the risers, Catalyst Media jumped 0.25 pence to 0.75 after it said it will receive 2.05 mln stg in dividends from Satellite Information Services and that it will use this sum to repay part of its debt with Investec.

The company, which owns a 20.51 pct stake in SIS, said this will bring the balance owing to Investec to under 3 mln stg and also reduce its total indebtedness to under 6.8 mln.

Satellite Information Services is to splash out at least 50 pct of retained earnings on an annual basis, and yesterday approved a 10 mln stg dividend.

[lplp] 15/8/2007 13:48

Any views on waht SIS is worth with profits after tax of £16.8m.
Can anybody give any comparitive multiples? (Bet Fred got in at 7 times!

[1smart] 15/8/2007 13:43

its better than 500

[bsg] 15/8/2007 13:43

£5000 is not alot !

[bsg] 15/8/2007 11:35

SIS have pulled it around by the look of things, wasn't there some worry about competition ?

[1smart] 15/8/2007 11:15

it will come alight one-day tonyx if people cannot see through the amount of shares in issue tough.plenty of other stocks have more shares than this but dont show these profits.if one of the big three could get a hold of SIS im sure they would but i assume gaming laws prevent this.SIS is a massive money-spinner.

[tonyx] 15/8/2007 11:07

1smart,

There's squillions of shares in issue & the MM's still have plenty.

If we have a buying frenzy ( a BIG if), we might even get over 1p!

[1smart] 15/8/2007 11:06

wwell done tonyx ive never fathomed out how this is a sub penny share anyway with these sort of profits .

[tonyx] 15/8/2007 11:04

As the author of this thread I thought it was my duty to buy more :-)

150k @ .5p.

[andrbea] 15/8/2007 11:04

gone blue on the back of a 150k trade

[1smart] 15/8/2007 11:00

17 millionquid profit and cmx own over 20% it,s not rocket science

[bsg] 15/8/2007 10:59

Just too many shares, 2,000M @ .5p don't help. 3,500M in all.