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| Share Name | Share Symbol | Market | Stock Type |
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| Virtue Broadcst | VTB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
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| Top Posts |
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Posted at 31/3/2005 14:32 by fraserross i am a low rate investor, had a bit of cash a few years ago and bought into this share. can anyone tell me if there is any chance of me getting any cash back, or is it a write off??? thanks |
Posted at 19/10/2004 10:44 by 3parsnips Virtue Communications -------------------- New CEO Jon King says : "We've grown very strongly over the last two years, with seven figure profits in the last year, as a consequence we had cash." So he is saying (WTV) made over : £1 Million + (PROFIT) LAST YEAR... -------------------- (HTML) version from davidcod's pdf file that was posted yesterday.. Re : "World Pursues Continental Shift" -------------------- AVI Interactive article : ( OCTOBER 2004 ) -------------------- The merger of World Television with Virtue Communications shows how seriously the video producer is taking web distribution, but there were also other motives for the deal. Jon King :It will be the relative ability of companies to adopt global digital distribution that will differentiate between those that succeed and those that fail. -------------------- A FEW YEARS AGO,a whiff of uncertainty arose when old generation corporate video production companies decided to get together with webcasting companies. But the video and online worlds are now more in step with each other. Many producers, though not all, are used to providing webcasting services and many corporate and public organisations, though not all, are enthusiastically using them. So World Television,by merging with webcasting specialist Virtue Communications might look at first sight like it is a late mover. However, World has provided a webcasting service, which has been used by clients such as BP and the World Economic Forum, since its acquisition in 2002 of webcaster UCTX. So why did World decide to get together with Virtue? Jon King, World's chief operating officer, answers that it is about improving World's online offering, but also has to do with achieving scale and expanding into new business areas and geographical territories. But before going into depth about that, it's worth pausing to set out the deal that saw the two companies combining. World was a UK limited company with a private investor base and a majority shareholding held by the founding partners. Virtue's shares are publicly traded on the Alternative Investment Market (AIM) World's shareholders have between 55-60 per cent of the enlarged Virtue Communications Group shares. King has been made ceo of the Virtue Broadcasting Group, and will oversee the integration of World and Virtue as one company. He expects this to take place by Christmas,but would not say if either or both names would disappear. He does say that World has spent the last two years looking for ways to grow by either acquisition or merger.'We've grown very strongly over the last two years, with seven figure profits in the last year. As a consequence we had cash. We wanted to do something different but primar- ily we wanted to get real European scale.'Virtue was not the only name on the list of companies World has talked to. 'Over the last couple of years we have had a number of conversations with companies similar to us, and sometimes with companies that arn't like us, but [Virtue] is really the one that seems to be the best feel to do at this point,' says King. SIMILARITIES AND DIFFERENCES The companies are similar in that they both provide webcasting services to large corporate clients and are both headquartered in London. However, World also provides a wide range of managed services including consultancy, business television, video production, event production,broadcast PR and arranging interviews with broadcasters,archive management, and programming creation. It has a presence in New Zealand and in Switzerland, catering for major clients such as Nestlé and the World Economic Forum.Virtue's business is concentrated on webcasting, particularly in the field of investor relations. But it had also branched out into webconferencing by acquiring Foroso Communications of Germany in May of this year.Other fairly recent acquisitions include Kamera of Sweden in January of this year,and Unit.net in July 2003. Unit.net was a Swiss based company with subsidiaries in the UK,Germany and Spain. Such deals have given Virtue offices in Zurich, Frankfurt,Stockholm, Madrid and Sydney and a client list including Deutsche Post, Swisscom, Microsoft and Grupo Santander. In May, the company reported it had finished the process of consolidating these operations, leaving it with one R&D team, one operational centre and one technology platform.King indicates that the automation made possible by Virtue's technology was a big attraction, because it quickly makes webcasts available on demand. 'It's probably the best automated webcasting product in Europe,if not the world.In the past it has been a few hours between live webcasts turning into on-demand webcasts.The automated software makes it possible for the material to go on demand within minutes of the live webcast.' Virtue packages its technology for sale to both end users and to communications agencies,and it provides services to support clients. Compared with World, it is positioned further towards the commodity end of the communications market. World sits at the bespoke managed services end and so the new organisation will be able to offer a wider range of options to its clients. This will be done, says King, after a period of talking to clients of both companies, first ensuring they are being serviced during the integration period and then finding out what they want from the new organisation. CLIENT SERVICING + MERGER ACTIVITY : World and Virtue have few clients in common, one being Nestlé. Whereas World has worked on this client's AGM ,providing a fully managed, high production value webcasting service and also setting up interviews via satellite between broadcasters and company executives, Virtue has been servicing a high number of smaller scale investor relations events.King believes that Virtue's other European clients may be ready to talk to World about bespoke services. ' Hypothetically,if you're talking to Banco de Espana about investor relations it's entirely logical that you might want to talk to them about producing video for their AGM.' But this won't involve moving World staff from London into the European offices. 'We're creating an overlay team of specialists who will be on call and available to talk to a clients about projects of complexity and scale that require managed services, as an adjunct to some of the existing commodity type services. Alternatively, we might be adding a commodity type service to a managed service.'King argues that a further benefit of the deal is that because World had not been particularly active in investor relations, it is not cannibalising its own business by joining with Virtue. Another interesting consequence of the merger is that King finds himself vending Virtue's webcasting solution to other production and PR companies that are nominally World's competitors. This reseller channel will continue, he says. 'We work on a very friendly, co-operative basis,supporting the activities of people who in principle might be competitors, but we know we're delivering them a service and we don't want to jeopardise that.' With Virtue's webconferencing solutions, Virtue Meeting Centre and Virtue Training Centre, the intention is to retain them and market them to World's clients.Even more than webcasting, this takes World beyond producing/delivering video for clients and into allowing clients to manage their own audio and data driven communications. 'We are very serious about webconferencing to support internal and external corporate communications for distributed teams,' says King. 'It will be a strong new element in our product portfolio. Virtue Meeting Centre now fully integrates with telephone conferencing to enable full interactive data and content sharing alongside group discussions using Voice over IP.' 'Clients are already using and will be using [webconferencing] more and more across their intranets and extranets to communicate with each other. What we are trying to do is to make sure that we embrace the technological advances which allow clients to do more different things more quickly and more cost effectively than they can do at the moment.' HTML : pdf file : --------------- 3Parsnips |
Posted at 18/10/2004 19:25 by nicknamesrsilly Unbelievable- they brag about accepting awards from other luvvies and talk aboutbroadcasting the AGM's of other companies, then when it comes to their own meetings, it is difficult to imagine how they could be more obscure and uncommunicative. If I was a prospective client of WTV/VTB, I would check bulletin boards such as this to see how the company communicates with it's own investors and to see the state of their investor relations. At present, I would get a very unfavourable impression and would definately not use the company. Whether they intend it or not, the company give off vibes of being very arrogant, remote and not at all interested in any sort of dialogue with their shareholders. I just hope they have some earth shattering news up their sleeve which will rescue the share price, but am not holding my breath. Failing that, the company now have the option of buying their shares on the market, but if they are doing as well as they seem to think they are, they should not need to resort to measures such as this. |
Posted at 14/10/2004 11:45 by clocktower Brewins are the creative ones...did they not suggest a share price of 6.38p by Xmas. Now I considerfull value at 4p. Lets see what Brewins come up with next time for the wedge they have been paid. The Jersey conection on many companies has just left bad taste in the mouths of many investors because of the likes of Izodia/Orb and it will no favours for WTV. Look what it has done for MLB in the past, just swallowed investors money. |
Posted at 28/9/2004 17:57 by euro99 It's understandable that there should be a quiet period while people come to terms with the deal, with the figures (which do show 10MM+ revenues for THIS year), and with the new shape. The larger shareholders and institutions in particular will be asking the company some difficult questions and listening carefully to the answers. The important thing from my perspective is that the customers love the deal - and believe me they DO. My critiscm is that the management have trotted out garbage and jargon - they haven't come out CLEARLY enough in my opinion to explain the truth - that this is the FIRST and the ONLY offering in the market that provides a whole communication proposition to global companies, whether they are talking to investors, customers, or (increasingly) a globalised workforce in many languages and across many platforms. The connecting factor? Video, and IP - because it is multimedia (video & other assets) that brings across the rich message and IP which is increasingly the ONLY medium that matters. Imagine for a moment a company or an NGO working with a strategic partner to create a co-ordinated message, broadcasting it to investors in different geographies over specialised satellite services, to customers at the desktop and on the road and delivering e-learning to employees in call centres from Newcastle to Bangalore? What kind of a service provider would that take? a WTV or a pesky little webcaster? In weeks, months and for years to come WTV will be signing deeper and wider contracts with it's already enviable customer base, and the results will be here for all to see. You can be in, or you can be out - but I know which I will be. P |
Posted at 22/9/2004 10:21 by clocktower isis, JNBRW...It was a dog for investors that did not take action when the announcement was made and those that were only looking for a quick buck, unlike long term investors that have a knowledge of the possibilities of huge long term capital profits that WTV will bring.As to Brewins they are a waste of space, I agree but that does not alter the FACTS that you are failing to discuss. i.e. Forcast figures/estimates. You know full well this is a BUY now right up to 4p in the short term, so de-ramp all you like..you have no case to work on. LOL |
Posted at 20/9/2004 11:25 by kanebill Exotic,Proves how investors need to wait a good few months to see the massive gains obtained from each acquisition. Some people on here are just too short-termist. Cobblers, the same drivel was being spouted months ago and these results were when VTB investors were supposed to be in the promised land. Next it will be wait til 2005 then wait til the next results and then.... What will VTB be called?? probably World Broadcast and gg will be saying "Now that we have got rid of the &$* management great things will be in store. I said it before and I'll say it again - never trust management which keeps changing the picture such that no one can truthfully see if progress is being made. I know its an impossible comparison but VTB are like Enron in that no one could make a direct comparison on performance. Promises, promises but the day of reckoning always turns up. |
Posted at 14/9/2004 19:41 by tony5505 The vast majority of Companies give a date for the release of their results/interims, it's called 'good investor relations'If the results are brought forward, it is considered by many as being positive (why bring forward bad news?) But if a Company tells its investors nothing and only releases its results/interims at the last possible moment, I can understand why some investors are selling. euro99 you said: 1. Why should they provide a results date when everyone knows they have to be in the next two weeks????? Why spend £74 telling the world the bleeding obvious? It's called 'being courteous' VTB have had plenty of time to tell its investors when the interims will be but chose not to. |
Posted at 06/9/2004 12:28 by clocktower In this case, I think the results will, as any buying flurry could be limited and on top of that stock seems to be available by the bucket load, which is little wonder with so much new paper having been issued and loads of it not even locked in giving the previous investors of WTV the oppertunity to bail out with a great cash windfall.As there are now several huge private shareholders that could effect the price at the drop of a hat, a lot of other private investors will be concerned once the dust has settled a few weeks after the figures are released. The other major concern is that the previous directors will only use the merger accounts of the company and not seperate VTB as it may hide the truth behind the recent deal. |
Posted at 15/8/2004 11:17 by jozo It stikes me that at present it's almost impossible to build up a stake in vtb. It's not suprising that volumes are so low. It's impossible to buy in quantity.I find it interesting that not all wtv investors are locked in. I also find it quite reasonable that one or two wtv investors may seek partial or complete exit, as this could well be first opportunity to realise any gains. What is important is that the key directors who happen to be the largest shareholders are very happy to be 'locked-in' for 12 months. It is very interesting that for whatever reason that the share price has been held back over last few weeks in what looks like an attempt to hold back any trading in vtb with wide spreads and riduculous nms sizes for buyers. If somebody had been wanting to buy 1m or more shares recently it could have taken up to 2 weeks to get the order filled. Hardly ideal for an institution. As was discussed at time deal wtv was announced the 440m shares seem to be at about 3.88p which gives 17.1m + 1m cash =18.1m. It is not surprising that the share price has stuck at this level, especially if institutions are looking to get in. I for one hope that some of wtv shareholders will let go of some of their shares on Thursday so that instution or institutions can in effect get chunks of shares placed at 3.88p or thereabouts. They will have had no chance over last few weeks. Also another reason for mms keeping price in 3.5-4p region is that if some of wtv shareholders do place some shrares it will give those mms that MAY BE SHORT the chance to get 'off the hook' possibly without any financial damage! This could be their chance to buy back those shares that they seem to have misplaced! As well as possibility of getting institutions on board, we could get a more realsitic share price if mms are able to cover any shorts they have running, and we could get a more liquid share which could enable trading in increased volumes. I know some people on bb gave pointed to fact that volume needs to increase for share price to move northwards. How the hell can you have volume when it's nigh on impossible to buy the shares. On Thusday for a while max buy limit was about 5,000. Hopefully this will change on Thursday. If I was an institution wanting to make a sizeable investment in vtb I would be looking to this merger as an ideal entry point and would be trying my hardest to get my hands on the shares of exiting wtv investors at as low a price as possible. Jozo |
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