Share Name Share Symbol Market Type Share ISIN Share Description
Smg Plc LSE:SMG London Ordinary Share GB00B3CX3644 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 198.00p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 119.0 -100.0 -25.0 - 0.00

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Date Time Title Posts
02/10/200815:47SMG 30p by July 2009108.00
08/9/200816:16SMG - is it value?1.00
01/3/200821:58SMG 2p by July 20091.00
16/1/200817:18Hanover buys SMG stake361.00
04/7/200719:42liberty makes a move?1.00

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DateSubject
03/6/2008
11:44
acornoptical: CR i have read with interest over the past couple of years your posts on various boards i always start my interest in shares with directors buys then with options linked to improvements in share price/ profitability i hold a lot of these shares and did take the rights issue up before xmas . i said in an earlier post that in a recession tv co.s do well with advertising and now when virgin is gone they will be able to concentrate on getting there content right and driving revenue from advertising.am i correct in thinking that you are a fan of hanover cos if memory seves me right the boards you have been on have been linked to them? i think for the directors option to work the share price has to be 30 plus in about 18 months whitch from this level will do us no harm.
01/6/2008
12:36
acornoptical: i was under the impression tha the rights issue would reduce the co. debt and that any sale would be returnes to share holders in the most tax effective way ie a special divi. they might do the same as voda did a couple of years back special div and a share consolidation. as far as share price as i said i wish i had the funds to top up @ 10/11p but ho hum no funds it should have positive impact on share price but what was the book value of virgin 83mill?? . now that vigin is sold will it make smg more attractive to utv?
16/4/2008
11:12
acornoptical: theres not a lot to analyse at this rate the company will be worth F all is it going bust i dont think so bad time to be trying to sell parts off and any return of sale proceeds could be more than the share price at this rate HANOVER must be haveing a night mare here like me and other pi thought advertising did well in economic down turns appears not north of the boarder
19/3/2008
16:29
acornoptical: non of it makes any sense but in such volatile markets is it going too i wonder/dread what willhappen when they sell virgin where will the the share price end up .
11/3/2008
09:16
acornoptical: very depressing apparently 4 interested in virgin after the sale? they will return capital to share holders how much depends on sale price i presume at this rate the share price will be lower than the poss. 7 p they could be returning to us that must value smg at about 5p that can never be right with the majority of the shares held by funds who will be in the same vote as us this must be reaching a point where utv can get smg for a real steal. the larger holders will want more for this than the share price i am awaiting funds to average down again. i presume all will be revealed beginning of april .the fact of no news is always a worry
16/1/2008
16:17
gerry321: ........Well If the whole of SMG is worth 15p/share and Virgin wont be sold below £100m this suggests the rest of the Co is worth £35m........thats getting to the stage where a big advertiser might as well buy the TV Station since he could get over 4000 minutes pa of advertising for a one off capital cost of under £1000/min .......makes you think The MD of SMG certainly thinks 15p is well undervalued and he has a track record in the media......His financial future is well locked into turning round the business and no doubt he had an eye on the share price impact when he decided to bite the bullet and go for a rights issue rather than sell Virgin Radio at a distress price..... Rob Woodward dependency on improving the share price is shown below....It is mirrored to a lesser extent obviously in the incentive plan for the other Directors ie 4 July 2007 Rob Woodward bought 75000 shares at 52.5p 12 July 2007 Rob Woodward granted options on 2,235,294 shares at 51.5p Woodwards buy price pre rights of 52.5p is equivalent to an share price of 27.5p so although it is a modest investment he doesnt even break even on this recent purchase until the share price returns to 27.5p likewise his options are worthless until the share price reaches 27.16 The terms of these options adjusted for the rights issue are that Woodward can exercise pro rata up to 33% of the option ie 745098 options if the share price has exceeded 30p up to 43.3p in the 30 days leading up to 12 July 2008 with a further 74098 options released if the share price has averaged 36.67p up to 50p in the 30 days leading up to 12 July 2009 with a further 74098 options released if the share price has averaged 43.33p up 56.67p in the 30 days leading up to 12 July 2010 With the share price so far below where it was expected to be post rights I would like to see RW and his Board investing 6 figure sums in the business.....This would demonstrate confidence in the immediate future...... So assuming things dont go to plan ....which they rarely do Wodward will fail to get the share price up and over 30p by july 2008 But will do so by July 2009 thus enabling him to exercise some of his options around 3 yrs after taking over Hence the fairly modest headline SMG 30p by July 2009 still a 100% rise in 18 months which cant be bad in a recession
15/12/2007
19:37
gerry321: Pjetr The MD of SMG certainly thinks 15p is well undervalued and he has a track record in the media......His financial future is well locked into turning round the business and no doubt he had an eye on the share price impact when he decided to bite the bullet and go for a rights issue rather than sell Virgin Radio at a distress price..... Rob Woodward dependency on improving the share price is shown below....It is mirrored to a lesser extent obviously in the incentive plan for the other Directors ie 4 July 2007 Rob Woodward bought 75000 shares at 52.5p 12 July 2007 Rob Woodward granted options on 2,235,294 shares at 51.5p Woodwards buy price pre rights of 52.5p is equivalent to an share price of 27.5p so although it is a modest investment he doesnt even break even on this recent purchase until the share price returns to 27.5p likewise his options are worthless until the share price reaches 27.16 The terms of these options adjusted for the rights issue are that Woodward can exercise pro rata up to 33% of the option ie 745098 options if the share price has exceeded 30p up to 43.3p in the 30 days leading up to 12 July 2008 with a further 74098 options released if the share price has averaged 36.67p up to 50p in the 30 days leading up to 12 July 2009 with a further 74098 options released if the share price has averaged 43.33p up 56.67p in the 30 days leading up to 12 July 2010 With the share price so far below where it was expected to be post rights I would like to see RW and his Board investing 6 figure sums in the business.....This would demonstrate confidence in the immediate future......
25/10/2007
12:39
ards: SMG reeling as shares slump after criticism TERRY MURDEN BUSINESS AND CITY EDITOR SMG is maintaining a "business as usual" response to a collapse in its share price that has left the company worth little more than it was hoping to get from the sale or flotation of Virgin Radio. A bearish analyst's report on the media sector was blamed for a slump in the shares to a close of just 27.75p, valuing the company at £88m. SMG was pinning its hopes on selling Virgin Radio for between £60m and £75m to help clear its debts. Rob Woodward, who was installed as chief executive in a boardroom coup in the spring, wants to create a business focused around television, but he has been hindered by the crisis in the financial markets which forced the postponement of the flotation, and subsequent sale, of Virgin Radio. The circular from Numis Securities' analysts Lorna Tilbian and Paul Richards, published on Thursday, identified free-to-air broadcasters in television and radio, such as SMG, ITV and GCap (owner of Capital Radio and Xfm), as most vulnerable to another downturn in equities. "Groups in this sub-sector are early cycle, operationally geared, face structural challenges, carry debt and are highly rated," says the note. "We believe there are material structural threats to free-to-air broadcasters, both in television and radio. In our view, the outlook for subscription services is much brighter, with more homes continuing to take digital television ahead of analogue switch-off in 2008-12." Although UTV shares some of the characteristics of the other free-to-air companies, its lower rating is likely to lessen the impact on its shares. Even so, UTV's shares also fell last week. Using a sum-of-the-parts valuation, Numis values SMG at 36p a share. "We view SMG as a high risk investment due to its highly geared balance sheet, which necessitates the disposal of Virgin Radio to bring debt down to a manageable level," it says. One source familiar with SMG admitted that the note had caused a shock to the shares, but he said the underlying value of SMG was being held back by uncertainty over the future of Virgin Radio. There were rumours last week that BSkyB was circling the radio business and may be prepared to pay £75m for it, though this was before the recent slump in the shares. If it were to swoop on the station which SMG had hoped to float at about this time, it could prompt another spat with Virgin brand owner Sir Richard Branson who is also believed to be eyeing the business. UTV is also among those interested in acquiring Virgin Radio. SMG declined to comment, except to say that it was continuing to progress along the lines outlined in its strategy. Related topic * Scottish Media Group http://business.scotsman.com/topics.cfm?tid=548 This article: http://scotlandonsunday.scotsman.com/business.cfm?id=1677482007 Last updated: 21-Oct-07 01:03 BST
25/2/2007
12:04
cockneyrebel: Yep, just as suspected - Hanover will work with the existing investors, get their own guys or see the right guy installed then revive SMG just like the other's they have got hold of. Sum of the parts at SMG look far greater than the whole and I bet Hanover can see even more than any of us mere mortals imo. Looking forward to the next few weeks - certainly no bid premium in the SMG share price for a poor merger with UTV imo. CR
29/10/2006
13:53
suncanaria: The Independent SMG board's threat bloodies Fidelity's nose Fund manager forced to back down by non-execs By Andrew Murray-Watson Published: 29 October 2006 The board of SMG, the struggling media group that owns Virgin Radio, threatened to resign en masse after Fidelity, one of the most powerful UK fund managers, attempted to force the resignation of Dr Chris Masters, the company's chairman. It is believed the non-executive directors at SMG promised to walk out of the company if Fidelity did not desist in its bid to replace Dr Masters with Richard Findlay, the former chief executive of Scottish Radio Holdings. The prospect of mass resignations forced Fidelity to back down, but it is understood that the relationship between SMG and the institution, which holds a 15 per cent stake in the company, has broken down. The threat of a boardroom walkout at a listed company is without recent precedent. A banker close to SMG, said: "I have never seen a whole board threaten to resign before. "It was a last-ditch attempt to win back the right to control its own destiny. Fidelity has been dealt a bloody nose." The non-executive line-up at SMG includes David Dunn, the former chief executive of Scapa; Steve Maine, the former chief executive of Kingston Communications; M T Rainey, also a non-exec at WH Smith; Martyn Smith, the finance director of car hire group Avis Europe; and Tim Gardam, the former head of television at Channel 4. Mr Findlay had teamed up with Rob Woodward, the former commercial director of Channel 4, to make a takeover bid for SMG with the backing of SVG, a 4.8 per cent shareholder in the media company. The pair's second approach, made about a month ago, was rebuffed by the SMG board. It is believed that Fidelity joined the Findlay-Woodward camp last month in clamouring for boardroom change at SMG. Mr Woodward would have been favourite to become chief executive had Fidelity succeeded in forcing through Mr Findlay's appointment as chairman. SMG is searching for a new chief after the resignation of Andrew Flanagan in the summer. The company has also held abortive merger talks with UTV, its Belfast-based rival. But a profits warning this month has seen its share price plummet to Friday's close of just 56p. It is believed shareholders in SMG have demanded the company choose an external candidate to replace Mr Flanagan. Fru Hazlitt, chief executive of Virgin Radio, who was tipped to take over, is no longer in the running.
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