Pilat Media Global Share Discussion Threads

[techno20] 12/7/2013 05:19

All quiet on the PGB front at the moment.

SP has not surprisingly drifted back, but suspect this won't last for too much longer.

Next Qtrly results are due in 6 weeks time and hopefully we'll see at least one contract announced before then. In the Qtr 1 statement, they stated they were already working on several new opportunities and that some were already generating paid for work. That's 6 weeks ago, so hopefully it shouldn't be much longer before at least one converts.

And there's always the potential of an announcement of what they plan to do with £11m of cash!

Suspect it won't be sub-50p for much longer.

Techno

[techno20] 19/6/2013 16:40

Did anyone attend the AGM?

Techno

[yump] 15/6/2013 14:12

Who is nick ?

?;-/

[smithie6] 15/6/2013 14:07

btw ....your posting 'nick.' cracks me up....brilliant !...& original

[brummy_git] 14/6/2013 16:53

Another good account extension - this time with Foxtel in Oz using Over The Top (OTT) TV for mobiles, laptops and tablets.

hxxp://www.rapidtvnews.com/index.php/2013061328266/foxtel-chooses-pilat-media-s-ibms-for-foxtel-go-app.html

[smithie6] 12/6/2013 16:14

Diluted EPS value

any comments ??


"Diluted EPS looks wrong to me
PAT 1.47M
61.68M weighted shares
2.2M options at 23.5p (exercisable in June 2010 and 2011, so all look exercisable before fin. year 2012)

61.68+ 2.2 = 63.88M. PAT 1.47M

so imo the diluted EPS = 2.30p/share and not 2.37p as given in the accounts

(accounts say that diluting options on 31 Dec 2012 are 374k and not 2.2M (15th June 2009 options, 2 blocks, 0.7M + 1.5M= 2.2M)
but imo it is 2.2M....ref. page 41 of accounts.

its only a part of the EPS, but it is the principle of the EPS calculation agreeing with what another page reports as the number of diluted shares.
Either the accounts writer & auditor cant add up or there is a simple explanation."

[brummy_git] 09/6/2013 14:06

Personally I hope there isn't an opportunistic bid at current levels, as the stock could fly over the next 3-5 years

That said Sintec tried and failed in 2009 at 26.5p to takeover PGB, so they could always come back to the watering-hole; albeit my guess is that Eurocom would not accept anything less than £1/share.

[techno20] 09/6/2013 08:26

Smithie6,

I remember trying to find detail on the Fox dispute when it happened and found little. The final resolution was then subject to a non-disclosure contract, apart from the monies involved.

From memory not only had a huge amount of work been done, but I think Fox had also deployed the software across certain channels.

Pretty sure it was based on the old version of IBMS, which has now had the best part of a £10m re-vamp.


As for the share sales, these raised significant concerns for me at the time, especially Martin Blairs - but throughout the last few years there'd been regular buying by other directors and Eurocom, who with 2 members of Pilat's board, I took the view must know what's going on!


I'd be interested in people's views on the likelihood of a bid now that the share price has at last moved up. On the one hand the rating will clearly make a purchase start to look expensive. On the other, if either of the two parties decide to cash in some profits, presumably the other may decide to make a move??

Thoughts?


Techno

[techno20] 09/6/2013 08:07

Released last Thursday for anyone who didn't spot it....


Pilat Media Releases Standalone Rights Management System for Cloud-Based IBMS Express
Share


LONDON - June 6, 2013 - Pilat Media today announced the release of a new rights management solution for IBMS Express, the company's modular and flexible entry-level business management product suite, derived from its award-winning IBMS broadcast management system. Like the complete IBMS Express system, Rights Express is a cloud-based platform that is fast, easy to install, and can be deployed as a stand-alone system.

The new Rights Express enables broadcasters to capture multidimensional rights to support a wide range of delivery platforms and interactive services, with rights assigned by region, platform, channel, device, and language. The module includes tools for contract, EPG, and metadata management to ensure that assets are fully utilized and contractual obligations are always met.

As a cloud-based service, IBMS Express dovetails with a broadcaster's outsourced IT strategy. A "pay as you grow" software-as-a-service pricing model gets stations up and running with minimal upfront investment. IBMS Express is designed to be easily configured and ready for use in a matter of weeks, with Pilat Media's professional services team providing configuration, training, and ongoing maintenance of the live system.

"With its modular and cloud-based approach, IBMS Express is designed to provide a compact and powerful solution that enables media enterprises - from smaller specialty networks to broadcast stations to pay-TV platform operators - to remain competitive in today's multiplatform environment," said Fabrice Beer-Gabel, senior vice president of sales and marketing at Pilat Media. "With the different IBMS Express modules, these companies can take a phased approach to business management that will enable them to stay efficient and generate revenues while dealing with increased workloads, more services, and a growing number of channels."

# # #

[smithie6] 08/6/2013 19:19

ANyone know what the "rough" summary was of the problem with Fox ?

noting that PGB did 2.8M pnds of work....invoiced for it....
and Fox declined....ended contract and only paid 1/2M




seems strange to have allowed such a large amount of work take place....but then say you werent going to pay...if there was some problem you would have thought they would have raised a flag much earlier ...when a much smaller amount of work had been done...
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And is Fox Television Serv. (USA ) completely different than Fox Auz. who PGB subsequently announced a contract with ?
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Looking back at old news items...
strange imo that the FD exercised & sold 120k shares, leaving around 60k shares...at 26p in 2012....
hence missing out on all of the recent price rise.
Normally one expects company FDs to be 'clued up' on the numbers and the possibilities for share price increase (or fall).
(the MD also off loaded a large amount close to exercise price..700k...but at least he still held/holds a fair amount, over 2M which he has made good money on recently)

[yump] 08/6/2013 09:48

If they can grow the business with the cash that would be fine - there's too much to use it organically unless they blow it, so an acquisition would be likely. However, I've been in so many companies who go around buying what they say are earnings enhancing companies, only to find that you don't really see it later. Plus the accounts become more complicated what will goodwill etc.

On balance, I'd like the cash mainly because it will then still be easy to see if the actual business they've got is really a long-term growth business. After rather a lot of years, that still hasn't been demonstrated for any length of time. An acquisition would make that judgement difficult.

PS I held onto these despite a big paper loss, because they hadn't been mismanaged, it looked like a good tech. based business. Recoveries are often more drastic than the declines (which must be due in a large part to boredom and people selling because of the share price, not the business), so we could be surprised.

[techno20] 08/6/2013 08:04

Fantastic couple of weeks for PGB. Congrats to the small no of
Long termers on here who have had the patience and stomach (at times!) to stick with it.

I'm not sure about ST's comments regarding resistance levels, but his 72p target looks very realistic. Key will be newsflow and with quarterly reporting, new contract wins imminent (given they are already doing paid for work on at least a couple) and acquisitions / cash announcements, we should have a busy summer.

I personally hope they don't choose to pay out the cash - it's not why I invest in growth businesses, but that's a personal position.

Good luck all, and thanks to Pauly and ST for helping me to keep the faith!

Techno

[alter ego] 07/6/2013 18:37

sorry to disappoint you Smithie6 but Simon Thompson first tipped PGB on 27 Oct 2010. He tipped them again a year ago. Not exactly the criminal manipulation you imply nor so out of touch with events either - wish you could claim to be as informed.

[smithie6] 05/6/2013 14:58

there was an agreement between some large shareholders in 2009
including the MD

a concert party for around 16% of the votes

is this agreement still in place ?
if yes, then should it not be stated in every annual report that such a concert party exists ??

[smithie6] 04/6/2013 13:28

after 10.15....approx. 50k bt (approx. 25k pnds worth) and 0 sold
and price to buy up 2p

(increasing co. cap. value by 1.2M pnds ...maybe 3%)
pretty illiquid I guess....since so many shares not in public hands..

[yump] 04/6/2013 13:09

Looks like it may be making a bid for freedom. I think the prospect of some sort of special dividend might be having an effect. They're not in the habit of making lots of acquisitions and they seem to have more or less an organic business to grow - not sure what they could add on that would be as good an earner. So cash is burning a hole in their pockets really.

[smithie6] 04/6/2013 12:58

according to ADVFN the price to sell is now 53p ...strong movement

[smithie6] 04/6/2013 12:48

Yump...the Tesco thing was for Blondeamon
since he things that copyright laws and privacy laws do not apply on the internet
...my example concerning him was to highlight my point (ie. that he wouldn't be soaying "dont worry about it" if it was his privacy (or his family's) or his copyright that was being broken)

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internet cookies, privacy, EU, Google paying tax.....agreed, a cesspit unlikely to be sorted anytime soon !

I wish I could put a spread bet on Barroso being proven an idiot smiler while he happily gets rich from mega EU pay and benefits (probably tax free) !

---

Nice to see PGB up again today.

[yump] 03/6/2013 17:31

I should have put a ;-) with the long term investors comment !

I'm not anti-privacy btw, I just think people get exercised about relatively small things, while the big ones get by unnoticed. Like the EU cookie directive has resulted in annoying 'information' pop-ups all over websites, when our own body has now back-tracked on its advice about conforming. Meanwhile, Google regularly updates its algorithm with cuddly names like 'Panda', which actually cause havoc amongst small businesses, who suddenly see their visitor numbers plummet or jump, which throws them into an impossible situation regarding making any sort of business plans, or managing their own tax 'efficiently' (cough, cough!).

Anyway how did you know that I shop at Tesco ? Doesn't matter as I drank the evidence. Doh - I've admitted it in public.