Spg Media Share Discussion Threads

[spiritbear] 01/3/2005 14:29

Did you notice this:

11th Feb 05
"SPG Media Group plc (the "Company") announced that it had been notified that on 10 February 2005 directors Steve Nicholson and Derek Watson each acquired 13,636 ordinary 5p shares in the Company under the Company's Share Incentive Plan at 11p per share."

Employees can't be too pleased with the way this must have been handled!

Interim Results 16th Nov 04:
"We are delighted to report that the company is on track to deliver the planned
strategy with a return to half year profits ahead of expectations....The board is confident that the company is on track to return to sustained
profitability and growth" Steve Nicholson

Dec 04
The launch of the company share incentive plan with all the hype and recent share price gains due to interim results and selling of Debretts, management decide for a big and persuasive push to middle management/employees to buy into the company. Share price in Dec 04 up to 15-17p.

21st Jan 05
Senior management release a profit warning statement and shares drop from 18p to 10p.

Employees can't be happy being offered a share incentive plan in mid Dec, when Senior management must have known also in mid Dec, that they would have to release a profit warning statement within a month, as spm couldn't possibly hit the £250,000 target profit by end of the financial year.

To the employees, this would come across as a real kick in the you know whats its by their own management. And to top it all, management buys in at 11p and we don't know what the incentive package was. Three 4 one? Otherwise, it's not an incentive. The city doen't like this sort of thing and Steve Nicholson will/is losing credibility fast in the city!

[shirishg] 22/2/2005 09:36

Post removed by ADVFN

[ydderf] 09/2/2005 09:32

its beginning to look like this could be a good entry point.......risky though and not for amachewers i.e. cfders and muppet salami slicers.....

[qut] 02/2/2005 21:57

Porky pie here??

[spiritbear] 02/2/2005 21:46

Official yes, public domain I don't think so, not sure they have to make an anouncement. If the Group Finance Director resigned then that would be news.

[0820] 02/2/2005 17:00

Is the resignation official and in the public domain. I would have thought that this sort of development would need to be announced. Where can one read about it?

[0820] 02/2/2005 11:39

No, I didn't know when was this and what is your source?

[spiritbear] 02/2/2005 11:11

You do all know that the Financial Controller resigned after the statement was announced? Does seem a bit all strange and risky to buy now.

Nicholson's background would seem to be mostly 'Change Management'. The question is: What experience does he have in running a company longer than reorganising it, waiting for share value to increase and then selling it?

[katie price] 31/1/2005 16:09

There you go...called 10p

BUT still not happy to get onboard...

Katie

[mcjj] 31/1/2005 16:07

down from 18p to 10p is it time to buy?

[mad4it] 24/1/2005 15:44

Bought these at 90p in the bubble days and sold at 255p! Those were the days, eh! My sympathies to holders.

Freddy - As usual, you understand nothing. However, I actually agree, there is an increasing danger of an imminent small/micro cap collapse, but it has absolutely nothing to do with the valuations in the sector, which are not overstretched on an overall pe & peg ratio, assuming you're a decent stock picker. So, potentially, you might be making the right call, err, but for all the wrong reasons!

If you'd care to find out the real reasons why there is an increasing likelihood of a crash, the REAL master will be happy to enlighten you. You only have to ask.

[0820] 24/1/2005 15:21

The problem here is that the company have lost many of their senior and most successful sales staff over the last year. Without strong sales revenue, restructuring is merely a smoke screen to delay the inevitable.

[diogenesj] 23/1/2005 12:12

What an appalling creep you are, Fred.

[kuqi] 21/1/2005 21:10

Hector, the trouble is that if 2005/6 does turn out to be a good year, who's going to believe them until after the year end audit. I'm sure I'm not the only one who was getting ready for a good set of year end results. The market must have been gearing up for it too, given all the previous upbeat statements coming out of the company over the course of this year. Then we get the bombshell.

Methinks it's going to take a lot longer than a year before we see a revitalisation of this stock. Don't know about leopards and spots. Any future upbeat statements will just sound more like boys crying wolf to me. Can't you just see everyone sitting there saying "ooh look, an upbeat trading statement from SPM! yeah sure, just like in 2004/5".

Memo to self. If this stock ever gets to 15p again - SELL!!!!

[hectorp] 21/1/2005 20:47

Idont blame you. Hold for a year and get your money back ( not advice ).
Freddy - 8 p ... I'll buy at 9p then.
H.

[mcjj] 21/1/2005 16:25

are these late 12p trades buys or sells? what are t trades?

[mcjj] 21/1/2005 16:14

buys coming through. which way now?

[ydderf] 21/1/2005 16:00

maybe at 8p

[nurdin] 21/1/2005 15:32

you looking to buy Freddy?

[ydderf] 21/1/2005 15:25

there are millions of shares waiting to be dumped - there will be NO BOUNCE!