Share Name Share Symbol Market Type Share ISIN Share Description
Pacific Media LSE:PCM London Ordinary Share GB00B18X8Z87 ORD 16P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 16.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 2.7 -18.4 -269.3 - 0.00

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Date Time Title Posts
31/1/201122:15Old shares prob worth nothing? Help3.00
13/5/201012:49Pacific Media .....Ј1 by Christmas..buy! buy! buy!8.00
14/10/200815:07Pacific Media4.00
08/10/200809:09I told U PCM would fly.. and fly she will......Dont miss out!!!!47.00
12/4/200718:53PACIFIC MEDIA....THE NEXT QXL ROCKET?671.00

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DateSubject
04/1/2007
11:09
jewbag: Hi i know they have changed the name now but how does reflect in the share price....?
06/12/2006
09:00
dubois: Maybe I'm being thick here but as an example: company has 100 shares and owes £200 = company is worth minus £200 yet share price is 50p and market cap is £50 company has 1100 shares but owes nothing = company is worth £0. Surely each of those 1100 shares are worth more than before. (200)/100 = worth minus £2 each 0/1100 = worth £0 each I would rather own 1/1100 worth £0 than 1/100 worth -£2 Not commenting on the company just the maths
23/11/2006
12:56
paulgee: Lets hope they do, so that it pushes the share price back up so that we can get out with something to show, although I'm not banking on it.
01/9/2006
17:21
rgcol1: take a look at gtl,thier building an ethanol plant in the states. it should be finished at year end and in production january . they have also applied for permission to double the capacity of the plant which should be good fo the share price if they get it. dyor
04/7/2006
09:21
fur: the problems are now quite large and the consolidation and the debt for equity swap which will take place will be confounded by evolution thrashing the share price in the short term, effectively to leave the value with the directors when it gets taken private. Of other concern is the change of tact away from tv media and change to mail order. Mail order is probably a better bet at the moment but the combined media business I thought was a better bet in the long run. I suspect that a tv auction site will be set up by the former or current directors of pcm in china using the expertise/knowledge/contacts gained in the process of the last two years. The start up would probably have lower required returns on capital etc and would need less of a cash burn to get going then turning pcm around elsewhere and building up the new business. I think that once the notice gets out and through to all the small holders we may get a little bounce or rise in volumes as it would only take a very small percentage of the 34,000 small shareholders to think of buying £500 of shres to increase there holdings to get it moving pretty quick from this new and improved low!
04/7/2006
08:18
spurrier: EGM document just received. Shares to be consolidated - 25 for every 40,000 you hold. IMPORTANTLY, anyone who has less than 40,000 is going to lose out as they will receive nothing. Chairman's statement isn't that encouraging either... Gone are the golden days... Weird mis-print in the document. "At one stage PCM's share price was £14.00, now it stands at 0.05p". If it had been £14.00 there would have been 34,000 more millionaires running around! As it is there are 34,000 punters who are just about to kiss their meagre rumps bye-bye.
03/7/2006
08:45
awja: The Directors are proposing to consolidate every 40,000 Existing Ordinary Shares into one intermediate ordinary share of £4 each (Consolidation) and to sub- divide each intermediate ordinary share of £4 each thereby arising into 25 New Ordinary Shares (Sub-division). On completion of the Capital Reorganisation, each Shareholder shall, save as set out below, receive 25 New Ordinary Shares for every 40,000 Existing Ordinary Shares held by them on the Record Date. So, is that a final share price of £4 per share or what ?
30/6/2006
15:32
superinvestor: 30 June 2006 Pacific Media PLC (Pacific Media or the Company) Board Changes, Proposed Capital Reorganisation, Approval of Certain Arrangements with DKR Soundshore Oasis Holding Fund Ltd (Oasis), Proposed Move to AIM, Annual General Meeting and Extraordinary General Meeting Pacific Media PLC (LSE:PCM) today announces a number of changes arising from the first phase of the Boards review of the Companys strategy and operations, referred to in the announcement made on 1 June 2006. Board Changes The Company announces the appointment of Cheng-Ming (James) Huang as an executive director of the Company with effect from 29 June 2006. James Huang, aged 50, is an experienced senior executive in a variety of business fields, including financial services and direct marketing. From 1998 to 2003 he was the Chairman and Chief Executive Officer of Otto Chailease Mail Order Co. Ltd, a joint-venture company between Otto Versand (Germany) and Chailease (Taiwan), engaged in mail-order and e-commerce business in Taiwan. James is one of the leading figures in the direct marketing industry in Taiwan and was elected to be Chairman of the Taiwan Direct Marketing Association from 1998 to 2000. He is currently Strategic Planning Director of Chailease Finance Company Ltd, a Taiwanese leasing company specialising in office equipment leasing, Chairman of My-Funding Corporation, a Taiwanese finance company and a Director of Asia Sermkij Leasing Public Company Limited, a public company in Thailand engaged in hire-purchase financing. There are no further disclosures required pursuant to Listing Rule 9.6.13R in respect of James Huang. The Company further announces that it has received notification from Raymond Chang, Chief Executive Officer, who is to retire by rotation at the forthcoming AGM of the Company, that he will not seek re-election at that meeting. He has agreed that he will cease to be an employee of the Company as from the date of the AGM. Proposed Capital Reorganisation Since 20 January 2000, the Companys share price has fallen from ¿14.00 to its current price of 0.05p. As a result of this the substantial majority of the Companys shareholder base by number hold only a small minority of the existing ordinary shares of 0.01p each (Existing Ordinary Shares) by value. As at 29 June 2006, Pacific Media had approximately 35,000 Shareholders. Of these, approximately 29,500 Shareholders (representing some 84 per cent. of the total number of Shareholders) have registered holdings of less than 40,000 Existing Ordinary Shares which would be valued at less than ¿20.00 at yesterdays closing price of 0.05p. The Directors understand the requirement to treat all Shareholders equally under the Listing Rules, but recognise that small shareholders suffer disadvantages in relation to other shareholders because of the size of their holdings in the Company. These shareholders face significantly higher transactional costs as a percentage of the value of their holdings and also face significant administrative hurdles in trading their holdings. In particular, small shareholders tend to deal in certificated holdings and generally only through infrequent or non-existent broking relationships. Smaller shareholders often enter into broking relationships for the purpose of dealing on an infrequent basis, a method which is not as efficient or cost effective as those trading mechanisms used by larger shareholders who deal more frequently and hold their shares in uncertificated form. These transaction costs and administrative hurdles make it uneconomic for them to dispose of their Existing Ordinary Shares in the open market and are therefore in a different position to other Shareholders. Under the proposed terms of the Capital Reorganisation, shareholders who hold fewer than 40,000 Existing Ordinary Shares would not be entitled to receive any new ordinary shares of 16p each issued pursuant to the Capital Reorganisation (New Ordinary Shares). However, in accordance with the Listing Rules, these fractional entitlements would be aggregated and sold in the market for the benefit of Shareholders and distributed to them, except that any net proceeds which after the deduction of the expenses of sale are less than ¿5.00 would be retained for the benefit of the Company. This would allow these shareholders to dispose of their investment without incurring the associated dealing costs. Your Board has therefore decided to structure the Capital Reorganisation so as to offer small shareholders a one-off opportunity to realise their holdings cost effectively while at the same time providing a benefit to all shareholders in the form of administrative cost savings. The Board believes that it is justified in making this opportunity available to small shareholders because they face significant transactional and administrative costs as a proportion of the value of their holding causing them to be in a different position to other Shareholders. The Directors believe that the Capital Reorganisation will create a more appropriate capital structure and share price for the Company and that the Capital Reorganisation is in the best interests of the Shareholders generally for the following reasons: THE CAPITAL REORGANISATION WILL REDUCE THE NUMBER OF SHAREHOLDERS. THE Company currently has approximately 35,000 shareholders, which the Directors estimate costs approximately ¿200,000 per year to maintain. The Directors believe this cost is inappropriate for a company of Pacific Medias size especially when combined with the continued losses the Company is incurring. THE COMPANY CURRENTLY HAS A LARGE NUMBER OF SHAREHOLDERS WHICH THE Directors believe are inactive. As an example, at the Companys Annual General Meeting on the 22 July 2005, while votes were cast in respect of more than 50 per cent. of the current number of shares in issue, less than 4 per cent. of Shareholders voted. The Directors believe it is in all Shareholders best interests, especially due to the costs involved in servicing Shareholders, that all Shareholders take an active participation in the Company. THE CAPITAL REORGANISATION WILL ASSIST IN DECREASING THE BID/OFFER SPREAD, which the Directors believe will decrease the volatility of the share price and therefore improve the attractiveness of the New Ordinary Shares to new investors. The Directors are proposing to consolidate every 40,000 Existing Ordinary Shares into one intermediate ordinary share of ¿4 each (Consolidation) and to sub- divide each intermediate ordinary share of ¿4 each thereby arising into 25 New Ordinary Shares (Sub-division). On completion of the Capital Reorganisation, each Shareholder shall, save as set out below, receive 25 New Ordinary Shares for every 40,000 Existing Ordinary Shares held by them on the Record Date. In addition, as part of the Capital Reorganisation and prior to the Consolidation, the Directors are seeking under section 89 of the Act to be authorised to allot shares (otherwise than in accordance with a rights issue) up to an aggregate amount of ¿2 representing 20,000 Ordinary Shares. This is to authorise the Company to allot Ordinary Shares (Balancing Shares) such that following completion of the Capital Reorganisation there will be a whole number of Ordinary Shares. So as to facilitate the Consolidation, Evolution Securities has agreed to subscribe for the Balancing Shares in order to ensure that (immediately following the Consolidation) the number of Intermediate Ordinary Shares in issue is exactly divisible by 40,000. On the assumption that no further Existing Ordinary Shares are issued between the date of this document and the close of business on 31 July 2006 (being the record date for the Consolidation and Sub-division), the number of Balancing Shares required to be issued is expected to be 13,551. However, in the event that any further Existing Ordinary Shares are issued during that period, this number is subject to change. Any fractional entitlement to an Ordinary Share represented by the Balancing Shares will, following the Consolidation, be aggregated and sold in the market on the same basis as with other fractional entitlements. Shareholders should be aware that if they hold fewer than 40,000 Existing Ordinary Shares they would not be entitled to receive any New Ordinary Shares under the Capital Reorganisation and as a result would lose their entire shareholding. If the Capital Reorganisation is approved, fractional entitlements would be aggregated and sold in the market for the benefit of Shareholders and distributed to them, except that any net proceeds which after the deduction of the expenses of sale are less than ¿5.00 would be retained for the benefit of the Company. Following the Capital Reorganisation the Companys authorised ordinary share capital would be ¿53,330,536 comprising 333,315,850 New Ordinary Shares. Assuming no further Existing Ordinary Shares are issued between the date of this document and the date on which the Capital Reorganisation becomes effective, the issued ordinary share capital would comprise 7,837,050 New Ordinary Shares. The rights attaching to the New Ordinary Shares, including voting and dividend rights, would be the same as the rights currently attaching to the Existing Ordinary Shares under the Articles. Trading in the New Ordinary Shares would commence on 1 August 2006. Subject to the Capital Reorganisation being approved by Shareholders, share certificates for Existing Ordinary Shares will no longer be valid and new share certificates will be issued. For Shareholders who hold shares through the CREST system, the New Ordinary Shares would be credited to CREST accounts on 1 August 2006. After the Record Date and pending the receipt of new certificates, Shareholders would still be able to trade in New Ordinary Shares and transfers of New Ordinary Shares held in certificated form would be certified against the register of members of the Company. On completion of the Capital Reorganisation, each Shareholder shall, save as refered to above, receive 25 New Ordinary Shares for every 40,000 Existing Ordinary Shares held by him as at the Record Date. DKR Soundshore Oasis Holding Fund Ltd On 24 August 2005 the Company entered into a subscription agreement with Oasis (the Oasis Subscription Agreement) under which it granted to Oasis: (a) the right to subscribe in cash for 6 per cent. unsecured convertible loan notes due 2007 in an aggregate principal amount of US$3,000,000, convertible into Existing Ordinary Shares at a price per share of 0.19435p each (subject to various adjustments) (Loan Notes), and (b) 258,229,002 warrants over Existing Ordinary Shares, exercisable for a five year period at a price of 0.19435p per Existing Ordinary Share (subject to various adjustments) (Warrants). At the annual general meeting of the Company held on 22 July 2005, the Company passed a resolution to disapply the statutory pre-emption rights of its Shareholders under section 89 of the Act to allow for allotments to persons other than holders of Ordinary Shares (or rights to subscribe for Ordinary Shares) in cash of an aggregate value of up to ¿62,696. Pursuant to the Oasis Subscription Agreement, the Company is obliged to allot rights to subscribe for Existing Ordinary Shares by way of conversion of Loan Notes or exercise of Warrants in excess of the amount it is permitted to allot pursuant to such resolution. As part of the Oasis arrangements relating to the Oasis Subscription Agreement (Oasis Arrangements), the Company agreed pursuant to the loan note instrument and warrant instrument scheduled to the Oasis Subscription Agreement that it would procure, inter alia, that a resolution to disapply the statutory pre- emption rights of its Shareholders under section 89 of the Act would be proposed to Shareholders to allow for such number of Existing Ordinary Shares to be available from the Companys authorised but unissued share capital as would enable the issue of new Existing Ordinary Shares pursuant to the conversion of the Loan Notes in full and/or the rights of subscription for Existing Ordinary Shares pursuant to an exercise of the Warrants to be satisfied in full. Pursuant to the Oasis Arrangements, the Company was required to propose such resolutions at a general meeting of the Company to be held no later than 31 January 2006. On 29 June 2006 Pacific Media and Oasis agreed certain alterations to the above arrangements: (a) the conversion price for the Loan Note, subject to adjustment, has been altered to the lower of 0.19435p or the price at which the Company issues new Ordinary Shares in any fundraising it may complete by 31 August 2006 or, if it does not complete a fundraising by that date, the market value of the Ordinary Shares for the five dealing days prior to 31 August 2006; and (b) the Company has agreed to issue to Oasis Warrants to subscribe for a further 258,229,002 new Ordinary Shares if Oasis invests at least US$2,000,000 in any fundraising the Company may complete by 31 August 2006 or, if it does not complete any such fundraising by that date,Warrants to subscribe for a further 1,032,916,008 new Ordinary Shares. The Warrants remain exercisable for a five year period from 24 August 2005, but at an amended price, subject to adjustment, of the lower of 0.19435p per share or the price to which the Loan Note conversion price is adjusted, as referred to above. The issue of new Ordinary Shares pursuant to the terms of the Loan Notes and/or the Warrants described above is conditional on any relevant shareholders authority being granted. As part of these arrangements, Oasis and the Company have agreed to extend the date for seeking any required authority to 31 August 2006 and, if such authority is not granted by such time, the Loan Notes will remain redeemable at the option of the holders of the Loan Notes. The conversion rights under the Loan Notes and the full exercise rights under the Warrants to be granted pursuant to such authority will not be exercisable before 31 August 2006. The Company is seeking authority at the proposed AGM to allot Ordinary Shares, and to disapply statutory pre-emption rights of its Shareholders in respect of such Ordinary Shares, up to an aggregate nominal amount of ¿460,606.21 representing 4,606,062,137 Ordinary Shares (subject to adjustment). This amount of Ordinary Shares has been calculated to represent (i) the maximum number of Ordinary Shares that can be issued pursuant to the warrant instrument issued or to be issued pursuant to the Oasis Arrangements and (ii) the maximum number of Ordinary Shares that would be issued if Oasis were to fully convert the loan notes issued pursuant to the Oasis Arrangements, based on the ¿:US$ conversion rate of ¿1: US$1.81 and the Companys share price, on 29 June 2006. There will be a further adjustment to the conversion price in respect of the Loan Notes if the Capital Reorganisation is approved. Such adjustment shall adjust the conversion price such that if all Loan Notes then outstanding were to be immediately converted, the holders of the Loan Notes would upon such conversion receive Ordinary Shares representing the same aggregate percentage of the issued Ordinary Shares (as enlarged by the Ordinary Shares issuable upon conversion) as they would have done had they converted immediately prior to the Capital Reorganisation and had those Ordinary Shares arising from such conversion been subject to the Capital Reorganisation. In addition, there will be adjustments to the exercise price of the Warrants as a result of the Capital Reorganisation. Under the Capital Reorganisation, the exercise price shall be adjusted such that if all Warrants then outstanding were to be immediately exercised, the holders of the Warrants would upon such exercise receive Ordinary Shares representing the same aggregate percentage of the issued Ordinary Shares (as enlarged by the Ordinary Shares issuable upon conversion) as they would have done had they exercised immediately prior to the Capital Reorganisation and had those Ordinary Shares arising from such exercise been subject to the Capital Reorganisation. Proposed Move to AIM The Company further announces its intention to seek shareholder approval at its forthcoming AGM for its proposed de-listing from the Official List and from trading on the main market of the London Stock Exchange (De-Listing) and admission to trading on the AIM market of the London Stock Exchange (AIM). The expected timetable of the De-Listing and admission to AIM is as follows: Last time and date of 4.30 pm on 29 August 2006 dealings in New Ordinary Shares on the Official List Anticipated date of 8.00 am on 30 August 2006 cancellation of listing of New Ordinary Shares on the Official List Admission to AIM and 8.00 am on 30 August 2006 expected first day of dealing on AIM in New Ordinary Shares The Board is pleased to announce that, subject to shareholder approval of the De-Listing and move to AIM, Evolution Securities Limited, the Companys current financial adviser and broker, will be appointed as the Companys nominated adviser and broker with effect from the date of admission to AIM. The Company has reviewed its market listing and believes that there are significant advantages to shareholders from transferring to trading on AIM. The Board believes that AIM is a more appropriate market for the Company that should lead to a simplification of administrative requirements and will enable the Company to agree and execute transactions more quickly should any acquisition or other development opportunities arise in the future. Further details of the proposed De-Listing and move to AIM will be contained in the Notice of AGM. Approval for the De-Listing and move to AIM will be sought at the forthcoming AGM of the Company. Annual General Meeting The Company also announces that it has today posted its notice of AGM and Annual Report and Accounts for the year ended 31 December 2005 (AGM Notice and Annual Report). The AGM is being convened for 31 July 2006. Copies of the AGM Notice and Annual Report have been submitted to the UKLA, and will shortly be available for inspection at the UKLAs Document Facility, which is situated at: Financial Services Authority 25 The North Colonnade Canary Wharf London E14 5HS Tel: 020 7066 1000 The Notice of AGM contains a number of resolutions of a routine nature for shareholders to vote upon. The Directors wish to point shareholders attention specifically however to resolutions 10, 11 and 12 relating respectively to the Capital Reorganisation, arrangements with Oasis and the admission to AIM. Extraordinary General Meeting Notice is also being given that an Extraordinary General Meeting will be held on 31 July 2006, immediately after the AGM, for the purposes of considering, in accordance with s142 of the Companies Act 1985, whether any and if so what steps should be taken to deal with the situation that the net assets of the Company are less than half of its called-up share capital. A formal notice of the Extraordinary General Meeting is included with the AGM Notice and Annual Report. No resolution is being put to the Extraordinary General Meeting. Darren Shaw commented: The addition to the Board of James Huang, proposed capital reorganisation and move to AIM are the initial steps to be taken by the Company arising out of the first phase of the Boards thorough review of the Groups strategy and operations, commenced in the light of the results for the year ended 31 December 2005 and the termination of the auction channel licensing agreement. The Board will continue its review and will make such further announcements as appropriate. I would like to welcome James Huang to the Board and thank Raymond Chang for all his efforts on behalf of the Company since his appointment as Chief Executive Officer in April 2004. For media enquiries, please contact: Pacific Media Chairman Darren Shaw +852 2295 1161 Edelman London: Tom Steiner +44 207 344 1290
16/5/2006
21:47
superinvestor: just found this on iii,,,,,,,,,,, The PCM are aiming for a negative share price because they think this will be good people hold it then out of total loyalty and these are the shareholders they want Once negative the PCM think they will have the right holders To achieve this there is a plan: Issue more shares causing dillution for the barrage balloon Issue more still for the TV's and NXT deal, Sell half the whole lot to Subway to open the restaurants. Then hope the infamous feather bra and the toothpaste sell enough to turn it around with the resulting beaming infomfercials!
03/5/2006
15:20
tommo41: dell314, What I was trying to get at is that it was a loss-making company with madcap dreams in 1999 and is still a loss-making company with madcap dreams in 2006. I remember we were all going to be millionaires in 1999 when the share price rose incredulously to 14p (!). Seven years on I think some people on this thread still believe PCM will make them rich, even though the share price is a 1/140th of what is was back then, with billions more shares in circulation. Says it all. And throughout the past seven years a variety of people have been drawing salaries whilst presiding over this debacle. How much longer can it continue?
Pacific Media share price data is direct from the London Stock Exchange
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