Sport Media Share Discussion Threads

[pedro57] 07/2/2011 11:09

A good estimate would be ~£50k/annum so it will be a small positive if they would be able to reduce this figure to a lower level, although ultimately main improvement in operating profit would come from higher turnover or other cost cutting.

[risk1] 05/2/2011 14:18

anyone know what they currently spend on hiring studio's and what they are used for?

[risk1] 05/2/2011 10:44

pinky i think it is time to dip your trotter in here

there is a large gap up to form a triple top

[piguglyfatpinkcow] 04/2/2011 20:17

interesting,

a 'rebel' thread, umm...

Pinky

[risk1] 03/2/2011 20:42

i look at these shares and see option value

if they survive and from what i can tell there is no immediate danger this could be a good punt

lloyds have provided an opportunity ????????

[pedro57] 03/2/2011 20:37

I got 0.95p, as stated before major move up will not happen until we get comments from company on current trading, which should be end Mar - end Apr. Nevertheless I made use of share price below 1p for a small top-up.

[risk1] 03/2/2011 18:56

hi pedro

why should the share price move now?

thought you said nearer results?

did you get 0.95p?

[pedro57] 03/2/2011 16:24

I could not resist another 250K top-up here, it has been a long time since the bid has moved up and my feeling is SPMG could move up strongly soon.

[knowing] 03/2/2011 16:14

Having a bad day today with the drop in WEST so good to see a bit of blue here.

[luchan] 03/2/2011 15:56

Chaps,

I was hpoing this was not going to move so I could top up when I exit EOG!!

Always be happy to average down here.

luchan.

[knowing] 03/2/2011 15:37

Interesting that they are bidding for stock today.

[piguglyfatpinkcow] 02/2/2011 22:39

Umm, d ja vu or what !!! Remember the 'congo' chaps? You should all be ashamed...

Pinky

[knowing] 02/2/2011 14:29

Offer price has moved up to just under the penny mark today

[pedro57] 02/2/2011 12:07

Luchan, this is ultimately the main reason why I invested in SPMG, shares are pricing in company going bust at the same time internal cash generation is enough to cover interest and lead to reduced debt levels. Although overall net debt figure is still significant for SPMG I do not see the current share price justified.

[luchan] 02/2/2011 11:40

Chaps,

Cash at end of interims was £284 add the £50k a month bankers loan holiday add in the cash generated usually with the loans being paid £16k ... also add in the cash savings of £15k pcm for the two now disposed of Digital loss making lines Strictly Broadband and Watch Me (£98k loss on the H1 period)

We will assume there is no uplift in trading for easy maths (or down either)

Cash should look like this .. roughly..

Cash £284k (H1 ending figure)
Loan Holiday £300k
Loss Making Closures £98k
Usual Cash Generation £16k

£698k in cash .. (although net debt will have only reduced slightly)

Going bust... nope.

IMHO.

luchan.

[knowing] 02/2/2011 09:12

Financial calender is in the header.

[pedro57] 01/2/2011 20:32

I spoke to the company and reason trading update was published last year at the end of January was the 18-month trading year. Company is now reporting on 12-month trading year basis (Jan-Dec 2010). Given that company is not entering close period until March (results are due end of Apr) the trading update will be published in March at the earliest.

[luchan] 01/2/2011 19:17

Chaps,

looking at last year we are overdue a Trading Update..

luchan.

[knowing] 01/2/2011 15:07

Major Shareholders
Shares in issue: 100.1m 0.25p Ordinary Shares in Issue, as at Last Close. All shares are in public hands.

Major Shareholders Information Shareholder Name
(* - Executive/Director) Amount % Holding
AXA SA 9,881,668 10.00
Schroders PLC 7,628,850 7.88
Dalton Strategic Partnership LLP 5,272,281 5.44
Gartmore Investment Ltd 4,170,833 4.31
Spreadex Limited 3,604,662 3.72
David Gold 3,227,197 3.33
Mineworkers' Pension Scheme 3,000,000 3.10
British Coal Staff Supr'tn Sch 3,000,000 3.04
Invesco English & International PLC 2,952,292 3.05


Director Shareholdings
Director Name Amount % Holding
Robert Rob Johnson 1,361,234 1.36
David John Bailey 810,000 0.84
Andrew Fickling 547,757 0.55
John Malcolm Maddock 46,000 0.05

[knowing] 01/2/2011 15:03

Just add this to the header

[knowing] 01/2/2011 14:50

Could be tomorrows headline ;-)

[irenekent] 01/2/2011 14:36

Forget Elvis on the moon - there's a triple bottom in the Sport!

[pedro57] 01/2/2011 12:23

Luchan, I could not agree more about recovery potential, all business units are currently profitable and cash generating. This means that the considerable net debt position is being reduced. This is a £20m/year revenue company, with cost cutting and higher revenues there would be significant positive gearing to the bottom line. In my view Lloyds reducing its 15% stake to 0% last year put undue pressure on the share price and would not take a lot for a re-rating to a higher level. The key event will be prelims at end of April.

[knowing] 01/2/2011 12:17

Hope so L as I think many are watching for signs.

[luchan] 01/2/2011 12:16

Know,

the recovery potential here is huge, still a gamble but one I think has more chance of success than failure.

luchan.