Catalyst Media Share Discussion Threads

[red ninja] 16/2/2011 17:37

Couple of 90k sells at 70p.

Hopefully this share will eventually reward the holders ..

[grahamburn] 23/12/2010 20:25

Trades both the same size (which is a very specific size).

Timing of trades implies a rollover.

Difference in trade prices imply that it ISN'T a rollover (ie not that close), but maybe close enough.

[red ninja] 23/12/2010 19:01

Couple of large trades today :-

Time Price Volume Block Price Bid Ask B/S Type
15:08:50 85p 68,090 £57,876 80p 85p BUY O
15:08:32 84.5p 68,090 £57,536 80p 85p BUY O

[lplp] 15/12/2010 10:57

Might finally see some of my cash back - limited downside risk now if they stick to the minimum costs and dividend model.
SIS results were very good especially in the middle of a recession.

[mbaxter] 14/12/2010 20:33

They always say that about not being able to count on the SIS dividend.

[red ninja] 14/12/2010 20:28

Thanks Graham, that was a much better set of SIS results than I was expecting. I'd hope for a divi in the next results even though they make it clear that no SIS divi to pass on can be counted upon...

[grahamburn] 14/12/2010 19:58

Results statement out (well after close of play!) implies that there could well be a dividend payable next year (guess it could represent a 4 to 6% yield based on current price and the profits declared today assuming these are maintained from their SIS holding next year), though there's also a reference to some other type of distribution to shareholders.

Might encourage the share price in the next few months.

[red ninja] 10/12/2010 21:57

MBaxter,

They have announced :

"The Board of Directors of CMG announces that the reduction in the Company's share capital and cancellation of its share premium account, as approved at the Company's extraordinary general meeting held on 17 September 2010, was subsequently confirmed by the Court and became effective on 28 October 2010."

This is supposedly what they had to do before paying dividends.
Thus assuming SIS keep paying a dividend, hopefully most of it will be channeled to shareholders ....

Out of interest if the Daily Telegraph article is true and they were looking for £40 million selling price that works out at £1.42 per share.

[mbaxter] 10/12/2010 19:59

Thanks Red Ninja.It will be interesting to see how they play this now. Should be a big fat cash cow with a hefty yield.

[red ninja] 10/12/2010 15:44

Catalyst pulls £40m Satellite Information Services sale
Catalyst Media Group has quietly shelved plans to sell its major asset – a near-21pc stake in Satellite Information Services – after failing to attract bids that met its £40m asking price.


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[red ninja] 13/10/2010 20:36

Few buys or sells.

Are we really still looking for a takeover ?

[red ninja] 27/8/2010 06:16

The SIS/CMG results seem encouraging given the adverse market conditions.

The debt will be paid off on the next divi from SIS. SIS should be protected to some degree by long term contracts so hopefully it will not be adversely effected by what may be a diificult 2011.

NAV valuation is moving up nicely, but no buyer as yet.

Well if SIS keep paying CMG dividends hopefully they'll pass on most of that cash to the shareholders assuming no takeover materialises.

[grahamburn] 19/8/2010 12:32

Looks like a rollover with quite a wide spread.

[lplp] 19/8/2010 12:21

Good trading activity today

[red ninja] 07/8/2010 10:16

SIS Results hopefully end of this month according to CMX PR chap.

[red ninja] 09/7/2010 23:22

"CMX Sept Results (last year)"

Michael Rosenberg , the Chairman commented

"We are pleased to report that during the current financial year the SIS Group has been successful in strengthening its position in its marketplace after the dismissal of the legal dispute with its competitor Turf TV in August 2008 for which SIS was awarded substantial costs. Further to this SIS is now delivering not only its own televised services but also those of Turf TV into more than 75% of the UK market.

Since the year end SIS has now secured the future of its revenue stream from UK racing pictures by agreeing long-term media rights agreements with Arena Leisure and Northern Racing, the major operators in this sector, up to the end of 2016.

Following the acquisition by SIS of BBC's Outside broadcast business, it is now one of the most experienced television, production and outside broadcast service providers in Europe. It is also the largest provider of transportable satellite uplink services in the world, covering 100,000 hours of live events each year including Formula One, The Wimbledon Championships, UEFA Champions League football and European Tour Golf.

We have reduced CMG's borrowings and with a continued dividend policy from SIS we hope to be able to give consideration to the payment of dividends to shareholders by the end of 2010"



Assuming a reasonable SIS dividend we could be looking at a CMX dividend to shareholders this year, but that could all change if a offer for CMX is launched.

[lplp] 24/6/2010 10:14

Maybe a dividend for CMX before long!

[red ninja] 23/6/2010 17:06

No news ...

Wait for SIS results in July

[lplp] 23/6/2010 16:56

Anyone know what is going on?

[red ninja] 23/4/2010 17:02

The latest RNS

"PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER"

presumably mean someone is interested in CMX although no mention of possible T/O price.

Any views or is it simply to early to speculate ?

[red ninja] 27/3/2010 13:26

I imagine this could take some time as SIS year end is 31/03/10 and the final results for SIS should come out in July. Last year BBC outside services were loss making, hopefully this year they'll contribute a profit.

[theheadchef] 22/3/2010 18:41

Does anyone have an update?
Is this the calm before the storm?
Thank you in advance for any info.

[red ninja] 21/2/2010 15:58

New Statesman reckons Reuben brothers may be in the running for CMX, but no figures mentioned.

[red ninja] 18/2/2010 17:20

lplp,

Do you know when latest sis results are due ?

[lplp] 15/2/2010 09:24

I wonder what the current years numbers look like?