||EPS - Basic
||Market Cap (m)
|traderabc: From what I understand Vince took a big holding in this from the start,as the price dropped he increased his exposure and bought all the sorry way down, he now has at least 70% of the firm,he is deeply in the red on all of that investment.
Please correct me if I'm wrong,he must must want to see TVC recover.
He delivered what was expected,the company issued nothing but good news and swiftly grew to profitability. The share price was telling those who could see the bad news. Watching the price continue to plunge I wonder if there is any 'hope'.The infastructure of the company is still in place,they could do something else,they still have their customers,they just have to sell them something that does not infringe the law.
Does it really matter that he may have been a hairdresser once ? The relavance is in his achievments since his involvement in the financial services industry. If we can credit him with what he has achieved in the past then perhaps there is a solution. He knows that industry well,he may come up with something. While the share price drops further I wouldn't be surprised if he increased his stake in the next few weeks/months,he could hover up another 10% of TVC. Would it be in his favour to then take the firm private at that point? He still has paid above 4p for 70% of it,what would be in his advantage if he took it private? Surely to recover his losses he has to keep TVC listed profitable and in compliance with the law. Can that be done?|
|badabing: Yeah..shame about the share price though....you would have thought they would have seen it coming......or perhaps they knew all along anyway......|
I too went to the "ICSTIS's latest adjudications" page and have to await the official adjudication.
However, paste this address into your browser to get a little insight:-
An extract from the article on this page reads as follows:
"The company, run and controlled by colourful entrepreneur and former hairdresser Vince Stanzione, was found guilty of deliberately keeping callers on the line longer than needed. Viewers of dating channel StarDate TV were encouraged to call in and charged £1.50 a minute."
So, TVC has has had its wrist slapped and been fined £25,000 for ripping-off telephone callers. It now claims that this has jeopardised its whole future operation and is even considering "going private". StarDate TV presumably is the entity which has been closed down.
Did its original business model include overcharging callers, then? Surely not.
Is it simply poor management and control over these calls ? If so the remedy is obvious.
Why cannot it run its operation within ICTSIS guidelines and still turn an honest profit ?
And, what will a private company achieve that the present Plc status cannot ? As I understand it, it is the premium telephone number that ICTSIS monitors plus those responsible for its use by the public.
Friday's trades in TVC share were interesting. 257,000 sold with 157,000 bought and 100,000 in a bargain condition trade. So, who's buying and why ? If these shares are worthless why have any truck with them at all ? Are you buying them all Vince, before you go private and dump us ?
A statement from the directors is now essential.|
|timbo003: Three quid a call sounds good, the news seems to get better and better, I guess the continual lack-lustre share price performance is a result of the market's percepetion of our beloved CEO and the fact that he owns >70% of the equity|
|timbo003: Very encouraging results (they are now trading profitably) and then the share price falls of a cliff a couple of days later. Obviously the MMs have got wind of something which they think affects TVC's prospects (there were sod all trades today), but how on earth are we supposed to know what that is?
I'm tempted to buy a few more next week (in the absence of news) assuming they stay at this price (or lower), I suspect the MM's are short, so that will be fun.|
|poptwo: I,d watch out on this one. Stanzione is supporting the share price against market sentiment.|
TV Commerce share price data is direct from the London Stock Exchange