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SEG Sci Ent.Grp.

19.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Sci Entertainment Investors - SEG

Sci Entertainment Investors - SEG

Share Name Share Symbol Market Stock Type
Sci Ent.Grp. SEG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 19.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
19.00
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Top Investor Posts

Top Posts
Posted at 24/10/2008 11:05 by eric76
No I don't so thanks for the info. Sounds like the mm's are walking the price down to get the bulk buyers then? Perhaps this is to do with the possible buyout its just a shame that some of the small investors have sold and will miss out if thats right.
edited to add lol at dope007 I have enough probs understanding level 1
Posted at 21/10/2008 22:29 by bethany3
TW's recent purchase is good news to SEG even though it's only 5m - word was that they were beaten to the remainder by institutional investors who knew TW was after them. Also, the immediate resignation of the TW executive added fuel to the theory that TW was running a slide rule over SEG. If true TW won't have it all their own way - I'm sure Infogrames would enter the frame as well.
Today's slight slide in share price is mainly down to profit taking - share price is still way below open offer share price and with Tomb Raider release imminent watch out for fireworks!
Posted at 21/10/2008 09:42 by queeny2
I suppose when its fundamentals merit it, or at least don't make it a blindingly obvious lockaway for 6 months. Scidos has been an ever-weakening bit part player in an industry characterised by arms race, and is dipping into its facility even as we speak to launch TRU and keep developing other games.

Who are the biggest? MSFT, ERTS Activision, UBI et al, and they seem to be getting bigger and better. Scidos are the Wimbledon of the league - if you can pick them at 100:1 when they do win the FA Cup, great. This may be the time, as DS has said TRU could surprise on upside.

But you are right that investors are played out, PI's in particular.

I see a lot of these small cap shares that could actually go bust. What I would like to find is companies that can't, which also have chance of doubling - suggestions anyone?
Posted at 16/9/2008 06:15 by togglebrush
Press: FT 16 Sept 2008
Full Article


Extract

* FT Comment
These figures were in line with July's trading update, but SCi's battered investors will welcome an end to the prolonged restructuring story. SCi's decision to put all its efforts into fewer, bigger games is a risky strategy, but follows the rest of the games industry into a Hollywood-style blockbuster culture. It is riskier but more manageable, especially on costs, than the old model. The console market is now looking more benign for SCi, which was wrong-footed by the success of the Nintendo Wii, with revenues expected to grow to £180m-£200m this year. Investors have proof that Mr Rogers, formerly finance chief, can deliver operational improvements but he will need to demonstrate sales success to pull the shares out of their slump, leaving the shares fairly priced for now.
Posted at 06/9/2008 18:58 by dealy
The question is: will investors build positions ahead of the results or will they wait until after results or will they ignore results entirely and just not bother buying any stock irrespective of its valuation?

There is a chance of the latter, but that will provide a golden opportunity for savvy investors.
Posted at 28/5/2008 21:47 by togglebrush
First six months of any CEO are when he has to deal with legacy issues. He can blame his predecessors for errors but must accept that they are also due credit for success. The successful finance rescue though must be down to Phil Rogers. Product development and sales are areas where he has had some substantial LUCK and excellent timing. The question Napoleon is reputed to ask of any General is "is he lucky". So far Phil has been.

Meteoric rise of Phil through the company from joining in February 2007 as Corporate Development Director, to the Board as CFO on 27 September, then CEO after the debacle in January 2008 show a deft touch at internal politics. The recent handling of the heavyweight investors and institutions show an equally deft touch at external politics.

Extended supplier (TW) credit to help in a cash flow crisis and the repaying it with "Company Paper" is a classical ploy.

"Open Offer", which was oversubscribed with clawback for smaller investor was a one I nearly missed. It prevented an overhang and possible price drop after issue. It offered the past directors an opportunity to join but NO compensation if they could not afford it etc. The quality of those who have taken it up is another star for Phil Rogers. Another nice ploy

He is meeting the benchmarks for a Traditional Business School style rescue. He has shown an example of leadership vision in difficult times for employees and customers alike.

The Autumn sales and Annual Review are the next big hurdles. But if the Company keeps going on in this way the investors should be well pleased.
Posted at 29/4/2008 11:30 by togglebrush
From the Times:

Infogrames is revealed as all-shares bidder for SCi
Dan Sabbagh, Media Editor

Infogrames, the French video games company behind Atari, last night revealed it had made a rejected shares bid for Lara Croft's SCi Entertainment worth about £60 million. The would-be predator said it could go hostile – presenting investors with a choice between SCi's planned fundraising or a bid at a large premium to the 55p the shares were trading at last week.

Infogrames said that it had presented a detailed indicative offer, which was rejected last week. It said its proposal was financially disciplined and it was in a position to move quickly to buy Britain's SCi.

Like SCi, Infogrames is emerging from financial trouble. At the end of last year it raised €150 million (£118 million) in a rescue, which left Blue Bay Asset Management as its largest investor. Its market value was €147.2 million (£115.75 million) last night, making it bigger than SCi's £42 million.

SCi Entertainment rejected the bid, as it would have been sold too cheaply when it was financially weak. It wants to raise £50 million from investors, led by Time Warner and Robert Tchenguiz, its biggest shareholders.

Investors must vote on the plan next month, and Infogrames insiders asked yesterday whether it would be appropriate for the two big shareholders to vote, as they would benefit from the restructuring. Both will increase their stakes after the rescue, to just over 20 per cent each.

Infogrames lost €34.7 million in the six months to end September. However, it has cash after the fundraising that will be used for the small cash element to its offer, which is mostly in its shares. Its hopes depend on the release of the next version of Alone in the Dark, a survival horror video game, in June
Posted at 21/1/2008 14:18 by robin_of_loxley
I also thought this was interesting re Juergen, and the potential approach he may bring, see the highlighted aspects:


Industry Veterans To Launch
New Game Production Venture


Vienna, Austria, January 25, 2007 - Games That Matter, an independent production company for entertainment software, announced its establishment today. At a press conference in Vienna hosted by the three founders and European entertainment software experts, Hannes Seifert, Dr. Niki Laber and Jürgen Goeldner presented their visionary business model and the goals of Games That Matter.

Games That Matter defines itself as a games production company. With a team of industry veterans who are experts in their fields and cover all aspects of game production, Games That Matter is going to develop, buy, and license game concepts. The team will prepare production of each project: goals, brands, financing, technologies, schedules.

The business model offers investment opportunities clearly separated into individual projects hence hedging the risk for investors. With a wide range of business partners, carefully selected for each of these projects, Games That Matter will produce games in a short amount of time with an early return on investment.

Based on years of experience the team of Games That Matter understands the nuts and bolts of development as well as the requirements of the financial markets and publishers. They lead the production and work closely with their partners.

As executive producer Games That Matter takes care of creating excellent games, on time, on budget and following the project's goals. Games That Matter has the strict belief that only good games make good money.

Hannes Seifert and Dr. Niki Laber, working together for almost 20 years, will continue to follow their dedication to produce high quality and top selling games with their new and innovative business model. "In my 20 years in this crazy industry I worked on original IP as well as licensed properties," said Hannes Seifert, managing director and executive producer of Games That Matter. "With our new approach to game production we bring together ideas, investors and developers and help companies of all sizes to work with us on breathtaking titles without forcing them to grow to death."

"We are going to expand the variety of finance models. Investors can participate in the actual IP without being forced to bear operative costs of a studio beyond the project." said Dr. Niki Laber, business development manager & managing director of Games That Matter.

"We will be able to offer publishers a finished game at a specific point in time without the risk of financing.

And we offer investors a high return and long life cycle of their investment. We do not see investors as necessary evil, but as vital partners in production. And as such partners they deserve a fair share of a game's success."

Jürgen Goeldner who dealt with Dr. Niki Laber and Hannes Seifert since 1992 said "First reactions at major publishers showed clearly that there's a high acceptance of Games That Matter's new models and that the company is on the right track. Distinct product quality combined with an innovative financing model are more than welcome. The Games That Matter's team's track record and history also helped to open doors."

About Games That Matter
Founded in 2006, by Hannes Seifert, Dr. Niki Laber and Jürgen Goeldner, Games That Matter Productions GmbH is an independent games production company located in Vienna, Austria.
Posted at 14/1/2008 14:58 by robin_of_loxley
From the article below:


Similarly at SCI, regulatory filings show Mr Tchenguiz speaks for 22% of shares through his Thorson Investment Ltd vehicle, but 4.7% is controlled indirectly via derivative positions.


So I assume Thorson and credit agricole represent the Tchenguiz holdings

no advice intended

------------------------------------


Fleeing investors lose Tchenguiz £225m in one day

· Fears of rushed sale of shares to cover losses
· Billionaire brothers claim assets of more than £4bn

Simon Bowers The Guardian, Tuesday November 6 2007

Robert Tchenguiz, one of Britain's most aggressive activist investors, was last night staring at an estimated paper loss of more than £225m incurred in a single day's trading, relating to his interests in three potential takeover targets listed on the London stock exchange.
Stocks in which he and his family have an interest plummeted yesterday as investors feared the billionaire may have overstretched himself, forcing a rushed sale of assets to cover the losses.

Concern was triggered after Delta Two, the sovereign-backed Qatari fund, abandoned its £10.6bn takeover discussions with J Sainsbury at the 11th hour.

Had it been successful the deal would have been highly lucrative for Mr Tchenguiz, who controls 10% of the company.

Yesterday, Sainsbury's shares dropped 115p, or 20.7%, to 440p. Elsewhere, pub group Mitchells & Butlers closed down 28p, or 4.25%, at 631p and computer games publisher SCi Entertainment fell 33.2p, or 9.45%, to 318.75p. Both are bid targets in which Mr Tchenguiz has taken major interests.

Mr Tchenguiz owns 5% of Sainsbury's shares through his investment vehicle Razino and - through the Tchenguiz Family Trust - has a derivative position giving him control of a further 5%. Regulatory filings describe the latter as "cash-settled contract for difference and swap arrangements".

Many of his investments are a blend of direct share holdings and derivatives, prompting concern that his indirect interests may be the subject of substantial margin calls. A margin call is a requirement on derivative investors to put up more cash to cover their potential losses.

Mr Tchenguiz is believed to have an interest in 18.8% of Mitchells & Butlers shares through his Violet Capital Group, but directly owns only 3%.

Similarly at SCI, regulatory filings show Mr Tchenguiz speaks for 22% of shares through his Thorson Investment Ltd vehicle, but 4.7% is controlled indirectly via derivative positions.

Yesterday was not the first time Mr Tchenguiz has been hit hard by the credit crunch. In August he was on the brink of closing a £4.5bn joint venture property deal with Mitchells & Butlers when the debt markets ground to a halt and the project collapsed.

M&B was left without a property deal and was saddled with sizeable hedge positions against long-term interest rate rises and long-term deflation. The positions had been taken out for technical reasons in order to secure the best terms for raising debt financing for the property joint venture.

As the credit markets worsened the hedges quickly showed a paper loss spiralling to about £200m. The company said that its joint venture partner, Mr Tchenguiz's R20, had "separately entered into a number of debt-hedging arrangements" but the billionaire investor has never revealed the extent of any losses related to this deal. With his brother Vincent, Robert Tchenguiz has built an estimated fortune worth £850m. The brothers have a formidable reputation as astute property investors who have besieged a number of publicly listed companies, pressuring them to release value in their real estate. The brothers' main business, Rotch Property, was set up in the early 1980s dealing mainly in flats in London. They claim to control assets worth more than £4bn.
Posted at 30/12/2007 12:34 by togglebrush
Press Sunday Times ... SEG Specific

December 30, 2007
Contrarians should hold their horses
Inside the City
Grant Ringshaw

IS it time to be contrarian? With so many shares on historically low ratings after the sell-off of the past few months, there is a temptation to gamble on big price reversals. As strategists at Lehman Brothers point out, global equities have only been cheaper in one month over the past 20 years.

Making a big call may be intellectually attractive but is probably foolish. For a start, according to a recent Citi report, the contrarians – who sell the year's best performers and buy the worst – rarely succeed.

Last year they tried to call the end of the growth in global trade. They failed, and companies such as miner Xstrata had another strong year. Selling property firms and buying healthcare and software groups would have worked well, but the contrarians would have come unstuck on telecoms, utilities and materials companies.

Amid the uncertainty of the second half of 2007, the trend has been for investors to favour large companies and growth stocks. In Britain, mid-cap shares have failed to outperform large caps for the first time since 2002.

In 2008, the obvious contrarian play is to buy battered financial shares. But that looks far too risky amid the threat of more sub-prime write-offs and earnings downgrades. Many strategists believe it will take until the third quarter for the nervous market sentiment to change.

Some investors will be brave, but the better bet seems to me to take a longer-term strategy and buy into companies with growth potential through a cycle. That list includes Vodafone, Reckitt Benckiser, Icap, Tesco and Rolls-Royce.

SCi Entertainment

EITHER investors have got it spectacularly wrong, or there is no long-awaited bid coming for SCi Entertainment, 185½p. Shares in the Tomb Raider and Just Cause computer-games maker have more than halved since it divulged a takeover approach on September 4.

Warner Brothers, which paid £44m for a 10% stake last December, is sitting on a £29m paper loss. Institutions that helped the company to raise £17m in a placing at 500p in April 2006 are also feeling pretty sick.
SCi has a reputation for not being rushed in these situations. It spent four months until February 2006 ensconced in talks with Chicago's Midway Games. No deal was done. Some investors fear such regular dalliances mask deeper problems at the group, run by Jane Cavanagh.

In any case, bidders would do well to wait for sales figures for SCi's big Christmas hope, Kane & Lynch: Dead Men, before making a move. Reviews for this have been middling. Sales are said to have been better in America than Europe, but SCi may struggle to hit its target of shifting 2m copies of the game.
That could knock profits – again – and the costs of a big launch will have eaten into the £30m of cash the company had in June.

The key could be Warner. Come January, it is free to buy more SCi shares at market prices instead of the inflated 500p a share it paid originally.
In an era of little or no growth for DVD and music sales, computer games appeal to media conglomerates. Witness the £8.5 billion Vivendi paid for Activision this month. But for now, SCi is a risk not worth taking.

grant.ringshaw@sunday-times.co.uk

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