||EPS - Basic
||Market Cap (m)
Real-Time news about Contentfilm (London Stock Exchange): 0 recent articles
|recto verso: Here's a slightly different view point :
StockMarketWire.com - Media rights and sales group Content Media Corporation plc said it expects its full-year results to meet management expectations after solid trading across the group for the 12 months to March 31.
The group said trading in the television division had been strong with library revenues holding up particularly well.
Trading in the film division had been steady within a continually challenging market environment. While library revenues had held up well, margins in sales of new films had been lower.
In the digital division, sales of multi-platform programming had continued to be strong and revenue from traditional programme catalogue sales to digital platforms had increased significantly.
Resolutions to change the name of the company from ContentFilm plc to Content Media Corporation were passed today (Mar 14). Its shares are expected to be trading under the new ticker CMCP from tomorrow.
At 11:19am (LON:CFL) Contentfilm share price was +0.06p at 1.33p.|
|fft: IMHO, what a waste of management time and company money. new business cards, listings pages, notepaper, company logo stuff, advertising etc etc.
Perhaps the biggest benefit to management is that all the new charts, threads, share price indicators for CMCP wont show the old CFL shambles....|
|cardiffian: I also notice that ETO have proposed a placing for 8m shares at 145p...explains the recent, clearly manipulated pull-back in the share price. The cash to be used for 'a range of small, earnings enhancing acquisition opportunities'...could CFL, sorry CMCP, be on that list ?|
|fft: Maybe surprisingly, there was a fairly active q+a session. I was feeling very mellow after having had a number of beers in the Worlds End in Finsbury watching 2 CL games back to back the night before, followed by a bottle of wine and a pizza.
The first question came from shareholder1 (s1), who when they were proposing re-election of chairman asked if he would be missed if he wasnt re-appointed (!). Not the kind of question i have heard too many times. S1 seemed to run out of steam on his follow up, so i thought i would help out by asking how many days a year he spent on CFL business. (I didnt have a copy of the report in front of me, and had no idea how much he earned or even what his name was). The reply was curious in that apparently he is constantly consulted, but they couldnt even estimate how many days he worked for CFL. I am not sure why S1 was querying his re-appointment.
rest of proposals were nodded through without questions.
Then we moved onto general questions. This may take a few replies.
I asked about the level of resources being allocated from CFL towards it - looking at it over the year as we can expect no/little revenue in year 1. The reply said that it was a modest investment. On pressing, they said that no CFL staff would be working for the new venture. When asked whether modest meant 100k or 250k, they refused to give numbers, but the body language and replies suggested 250k would be nearer the mark. I asked whether Peter cowley would be full time, or was he working elsewhere as well, and was assured he would be working full time. The CFL stake in the new venture is 60%.
They were enthusiastic about the deal and talked about it quite a bit. In questions after the meeting i asked where he would be based, and they indicated whilst being in the UK to start with, he would probably move to the states (LA i think) as that is where the business is.
The trading statement said in line with management expectations(me). When i pushed on what 'me' meant, they said they were more concerned about liquidity in the company. I pushed on whether 'me' indicated a similar performance to last year, or slightly better, or slightly worse, and they settled for a similar performance to last year. They did seem to be very aware of the problems they had been through, and seem to be in 'safe mode' for running the company esp. wrt cash. Maybe a change as IMHO they now seem to go in for modest expectations with (i guess) hopeful outperform.
After, i said i was concerned that the new venture didnt turn into another Allumination, and there were wry smiles and 'that isnt going to happen again' noises coming out.
Questions about banking covenants, directors buying, why is the share price so low given my valuation estimates of 8p per share (see post 9640), why so many people go to mipcom, the state of the industry etc and more coming up !|
|pimp: People understandably selling out as this is now dead money for the next 2 years. Management are making zero effort to support the share price and to see another year or two of constant drip erosion if now too much. I fully understand but it is not worth me or (most of us) selling out now. A share price of 25p+, as it was , seems a miracle away - starting with a change in the managements attitude to share holders and their attitude to valuation of their own company. They come across as not bothering what the market thinks of the company but we all know the higher the share price the better the negotiating power you have.It makes you wonder what is the hidden agenda here. This company is better dissolved and the assests distributed.I suspect we will currently all get alot more than what is on offer now. Saying that however i think we have turned the corner . We will prbably tread water for the next 2 results and then following that we will show increased performance. There is the outside chance we may get taken over of course. Whatever, i think we are all stuck with this company for the forseeable future. Come back Peacearch - all is forgiven. !|
|robseaton: I hope so too. I'm currently sitting on a 92% Loss. Investing in this company turned out to be the worst thing I've ever done in my life. At the time I first got involved, I was an inexperienced investor and didn't know how to use these boards. I got swept away in the constant enthusiasm on this thread back in 2006-7. Everytime the share price dropped, I bought a few more, thinking I had a surefire bargain until I ran out of spare cash to invest when the share price was 15p. We all know what happened then.
I curse the day I bought that Shares Magazine copy back in late 2006 that had a feature on Contentfilm which is how I ended up here! If I hadn't picked it up on a whim in Tesco one day, I doubt I would have even heard of ContentFilm to this day! Damn!
I am responsible for my own decisions though, no-one else. I was a textbook case of the green investor dreaming about multibaggers and paying the price. The funny thing is that a great deal of the optimism seemed justified and the problems in the global economy over the last 2-3 years means that I would have almost certainly lost money whatever stocks I would have held instead of Contentfilm.
A key difference though is that all my other investments were in FTSE350 Miners and if my money had been there instead, I would have made a lot of the losses back by now and I am confident most of those companies such as XTA, KAZ, ENRC etc will eventually surpass their previous highs over the next few years, so I think I would have had a very good shot of eventually getting all my outlay back in the end even if it meant waiting a long time. If my money wasn't here in CFL, it would have been in those mining stocks instead.
That is my worry - whether the decline at CFL is terminal or not.
Luckily, I'm still a solvent individual with no debts and the gains I've made on miners over the last couple of years have helped towards offsetting the losses on Contentfilm, which was my biggest holding by far. The money I've lost on investing in CFL still represents about 4 years worth of very hard saving for me though. I very much doubt I will ever be prepared to put a penny into a company this small ever again; there are just too many unknowns.
Diesel, like you I will be looking at the next trading update with the same view. Any sign of 'Jam Tomorrow' and I will reluctantly accept that I'll never get my money back on CFL and will probably move on. I want to pay close attention to their staff costs as it would really grate with me to think of all the money I've lost when juxtaposed with the CFL management flying first-class everywhere and eating pate de foie gras on the movie festival jollyups!|
|hoveactually: whatever Sagansky's motives are for increasing his holding, it still has to be seen as positive.
maybe as diesel alluded to yesterday, moving the U.S. and International television sales from the Allumination Catalogue to Fireworks International is the forerunner to selling the Allumination U.S. DVD library and PAE may even be a potential buyer giving them a relationship with Walmart.
certainly if this happened, i would expect to see the CFL share price move north pretty quick as the possible under performance by Allumination is the only potential downside i am aware of within the CFL group of Cos.|
|glencr: Just got back from a meeting....also forgot to mention i was advised that CFL share price at the moment really does not have much downside....we are no where near the 20p buyout price so if the deal does fall through we should not (but dont count on it) see any negative share price drop....it seems the share price is already priced up for the deal to fail, though the word is that the deal is a formality.
All imo, naturally.|
|naeclue: They have until the 29th:
My money is on the takeover going ahead as outlined.
Even in the somewhat topsy-turvy world of the CFL share price, that should mean a share price around 20p.
If it doesn't go through, I think that CFL's second half will be rather tasty in any case.
Worst possible case is that they get the cease trading instruction, (not sure how likely this is even if they miss the date), but CFL continue to keep low profile to try and preserve the deal.|
i don't think their finances are dire, just late.
their last reported results were for Q3 ytd and showed revenues of $51.6m (up 285%) and net earnings of $4.2m.
the recent loan was couched in the context of more acquisitions and i would have thought that financing for the CFL acquisition would have been obtained in principle before issueing the letter of intent.
i think the ratification of the CBC deal last night would make them even more determined to get hold of CFL.
the CFL share price was 16.5p at the time Syntek stated their intention for an ordinary withdrawal. i don't think they give a toss about the current share price as i remain convinced that they have already agreed the deal with PAE.|
Contentfilm share price data is direct from the London Stock Exchange