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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Pilat Media | LSE:PGB | London | Ordinary Share | GB0031172751 | ORD 5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 93.50 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 93.50 | GBX |
Pilat Media Global (PGB) Share Charts1 Year Pilat Media Global Chart |
|
1 Month Pilat Media Global Chart |
Intraday Pilat Media Global Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 21/5/2014 | 16:14 | PILAT MEDIA - A Global Media Company | 1,826 |
| 09/8/2005 | 10:33 | PILAT RISIN LIKE A STAR | 1,359 |
| 13/8/2003 | 10:56 | GOLDMINE!!! | 2 |
| 06/12/2002 | 21:16 | PILAT MEDIA- A STRONG BUY | 14 |
| 30/8/2002 | 23:10 | Pilat Media wins contract | 86 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 21/5/2014 13:29 by mattisian2 Just had a note from self trade, they are crediting the w/holding tax to my account today.As a long term s/holder in pgb and having read this bb from when it began, good bye and good luck to all contributors. |
Posted at 02/3/2014 18:39 by smithie6 solooking at the results it looks to me like PGB - generated 4.5M of cash - after investing 4-5M in R & D ie. it generated 9M of cash or if say that 2M was needed to 'tread water' then 7M of cash hence imo the takeover price of 95p or 60M squid. is derisory...and should be rejected. A ratio of only 9 or 10 wrt real cash being generated. Derisory for a high software tech. company that is -global and - growing - in a high growth sector (providing streaming services to existing broadcasters) - with clients like BSKYB, Starz, Network 7 etc. This company is signing new global clients....that want more and more services....and PGB is almost g'teed (repeat G'TEED ) to get the add on work. Hence PGB has a high chance of a rosy future for years to come.... 2 Analogies..... imagine you have a garage that services your Porsche...and is authorised service co......and that is required to maintain mfr 5 yr g'tee you have signed up for. You pay a monthly fee and so any labour costs are free. You have been very satisfied with past 10 years of their service. If the car start to suffer from a mis fire on cold mornings...... or you want the car modified to add a turbo or you want the car modified to have the barrels bored out or you want the car modified with high lift camshafts where going take the car ? To the garage that has been servicing it for years and done a good job and meets all the factory reqts.....or some competing garage that you dont know ? Clearly, for add on work you will 99% probably stay with the existing garage. ---- Or you have a service contract with say SAP for their software for a large business. To add different facilities/applicati ==== I am concerned of the risk that the big shareholders of PGB are NOT in fact selling....but are selling only to re-invest into the new company that is buying PGB....in order to get tax relief and to allow the new company to get tax benefits (amortisation of some of the cost of buying PGB) if personal investors then sold those shares....they might perhaps just pay the cap. gain on "that" gain ....which would be much smaller...and not on the PGB gain Any views ? |
Posted at 23/1/2014 19:42 by smithie6 I see your point but !"Only a higher bid will do that and the share price says there isn't one coming." the takeover has weeks to go yet....I think March was mentioned....no date yet for the voting ---- 2) Do you think it is correct that Sintec makes an offer knowing the results for 2013....while the people receiving the offer do not know the results for 2013 ? seems very strange imo 3) Do you think there is a chance that the claimed 'sellers' are in fact re-investing in PGB by providing the new money needed by Riverwood (USA) to put into SMS Ltd ? (tax advantages/avoidance by buying new shares in a company maybe some big sellers put in just the CGT amount, or 50% of sale cash while some, like Eurocom might want to put all their sale money back in) (just look at the history for OCH and INVU if you doubt me, that Shore Capital companies are often involved in questionable share capital 'games' INVU Plc had an USA part.....raised 4M pnds at a high share price, around 25-30p...and a large part of that cash went to buy shares from INVU inc holders at 0.53$ (some exchanged for 1 INVU Plc share) ...not much later INVU declared its accounts were false... arguably intentionally false....the share price collapsed... rescues around 2p per share...and de-listed around .3p around 1/100th of the price that UK investors paid) (on AIM; if one assumes the worst, one is often right !) |
Posted at 21/1/2014 13:36 by smithie6 "Simon Thompson in today's IC says....on the basis that I think that a valuation of 88p is full, and the cash offer on the table is 95p a share, then I am more than happy to recommend banking the gains..." Simon T. ....no logic at all to that sentence a premium over value of 7p, 88p to 05p, less than 10%. For a takeover it is not a premium. I think that ALL 'advisers' would advise in a takeover situation to ..... sit on your hands and wait.... if another offer arrives (Liberty ?)...or if Sintec for some reason increase their offer.... or if offer a share offer instead of cash....or it would only be provided to shareholders.....not to anyone that has sold. and if it does not happen, then you should get the 95p anyway. ----- 'If' Eurocom and/or others is/are re-investing by investing in Riverwood..(as I suspect).(providing the cash for SMS).....then perhaps the regulators will prohibit that....or require it to be disclosed in the offer doc. and for the non-exec. and co. broker to declare that the offer is insufficient...since a major investor is not in fact selling out but staying on board (since they think the future is good and that the premium is negligible) and then the offer process could change in an instant. ---- and/or the regulators require that the co. reveal to the market the summary of results for 2013. and bang....no-one wants to sell ! the buyer knows the results and contract news (since sits on the bod)....but the shareholders dont !! good old AIM. farce imo ! Simon Thompson ignores this important point ??......asleep ?? ---- "back log" of work...ref. RNS.... but the company has not issued an RNS about any contract win or extension for donkeys... ...fishy imo ---- previously MD gave his option shares to...imo Sintec....around 1M shares and now Sintec give him 300k now mutual back scratching imo....bit fishy perhaps (the MD giving away his 1M shares around 30p, when he knew the share price was set to rocket....fishy imo....MD had worked hard for at least 10 years to grow PGB...and when the share price is about to rocket....he gives away 1M shares at 30p !, not logical imo....unless you knew the buyer would 'scratch your back' later) |
Posted at 17/1/2014 18:53 by smithie6 btwlooks like it only ever raised 13M via share issues. to now have a value of around 60M...with only 4M turnover in 1998 ! (round of applause for Avi Engel et al, impressive stuff.....maybe Avi could wander over and advise the Creston bod about creating value for shareholders !....13 years and the share price is the same now as it was in 2000 when Creston started !!) |
Posted at 16/1/2014 15:27 by smithie6 BTWif gets less than 75% then it cant automatically de-list so 1) if the results at end of March are good....as the co. has said then imo we get a rise in share price there.... 2) if Sintec get 51%.....then we perhaps get a share price rise due to the benefits of being part of a bigger team, ref. advantages given in the offer doc. 3) 'if' it were ever to de-list then imo the offer price of 95p stays in place ...if you go over 30% then you have to make an offer to remaining shareholders at the max. price paid within 12 months...and if ever announce that to de-list then you get 2 weeks before it is allowed to de-list, so can still sell at that time if dont want to be in non-listed co. (personally, if X % of takeover happens and if were to de-list ever, I think I'd personally choose to keep holding....and at least by then the final results should have been published and trading update and outlook) 4) I cant see them getting over 90% so I cant see a mandatory share buy ---- maybe Riverwood have 1 or 2 companies ready to also merge with Sinntec to add other skills to the team, lovely (streaming charging company, streaming advertising company) ....I'd like a bit of that ! |
Posted at 16/1/2014 14:54 by smithie6 "Organically, the share price was going to take ages to get beyond that given teh free float and given a number of people will have been put off by the Israel factor."uh, no, imo The share price was going up above that at end of March anyway..only 10 weeks away.....I have little patience at times, but 10 weeks I can wait !. with release of the results and directors comments of '"backlog" and excellent outlook hence Sintec are putting their offer in before the results come out. ---- "I've made over 100%" me, about X 3 ..from 35p on results day, was it in March...and I'm not selling. each to their own. imho 'let your winners run, cut your losers' ---- If they dont get over 90% then they cant do compulsory purchase of shares. ---- Next up is it 250 times since the early 90s. Sage grown well Accesso/Loquo grown well etc etc selling out early is a common mistake....not to make ! |
Posted at 16/1/2014 12:46 by yump A bit of a giveaway:"The Scheme provides certainty of value to Pilat Shareholders through a cash exit at a significant premium to the recent share price." As in: "We know there's a substantial number of shareholders who will be pleased to get out at 95p after waiting a long time for the price to recover, so we'll put a modest carrot in front of them and see if they bite." |
Posted at 16/1/2014 12:14 by obiterdicta I'm voting no. This business has got great potential to grow to be a market leader. The last time Sintec tried an offer they were re-buffed. An offer of £1.50 might be worth looking at but I think in 2014 the share price would have achieved 95p on its own steam with a few contract wins. Given that Sintec have been buying at 27p onwards, then they are only purchasing 50 million shares for just under £50 million pounds, given twelve million is there is cash, they are buying circa £25 million of turnover for a cost to them of £38 million cash plus the written off value of their PGB shares. Also not particularly happy that £400k of the Company money is being awarded to three Directors for work on the sale, presumably this will not be awarded if the sale does not go through. |
Posted at 16/1/2014 12:02 by smithie6 My vote ?is NO !....seriously ------ The offer price imo - gives no real mark up in the price - is too a low multiple of earnings after remove cash - is opportunistic noting that the co. has stated that results are well up and results have not yet been published - gives no mark up for the future of PGB including streaming, internet TV, advertising via TV, advertising via internet TV, streaming to mobiles/tablets - is a bargain price.....otherwise the offerer would not be making it - possibly uses insider information since I think they have board presence at PGB - ignores contract expansions which have taken place but not revealed to the market since not considered material in their individual right - ignores that the profitability is rocketing...due to the operational gearing of the co. (small increase in long term fixed costs but with large increases in turnover and license income-.....so nett profit % increases a lot) Internet TV, streaming.....now is not the time to get out of it ! imo competing bids may arrive.....such as from USA competitors - in TV sector - in internet TV sector, exploding sector - perhaps from companies like Liberty Media ...with content to manage and stream and sell and maybe the complete offer does not go thru....and only X people sell up.....the same as the same offerer did in 2009....at around 26p....bet the people that took up that offer dont feel to clever ! |
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