Virtue Broadcst Share Discussion Threads

[jnbrw] 15/10/2004 14:42

oh what a circus!



Oh what a show!

[isis] 15/10/2004 14:40

If WTV were worth £18m they would've just gone ahead with their own listing and raised far more cash - as it looks now the whole thing is strapped for dosh and wil require more funding.

[rmart] 15/10/2004 14:40

seems like nice timing !

[rmart] 15/10/2004 14:38

well i just popped in for 124k of these. They seem cheap now.

[cliffst] 15/10/2004 14:38

Halifax 150K @ 1.97p

[clocktower] 15/10/2004 14:35

Maybe the directors are about to be let in the door as has happened in the past with a few big buys, then it would be marked up I expect. A possibility.

[megsta] 15/10/2004 14:34

TDW 375k @ 1.935p - tempted!

[choir boy] 15/10/2004 14:34

Hi Spinor,

That's why it's called a REVERSE takeover!!! The company taken over (WTV) ends up in charge of the company that bought it - hence "reverse". In a "normal" takeover, WTV would have bought the shares of VTB; the reason it's done in reverse is to retain VTB's AIM listing.

Cheers,
CB

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spinor - 15 Oct'04 - 14:13 - 26860 of 26870


Euro re post 26851

I don't think many here believe a word that the VTB management say!

It is a reverse take over in name only, WTV end up with the higher proportion of the shares, the WTV management are in charge And the VTB name is being replaced by Worlds name

Seems to be a normal take over by WTV in every way except that VTB share holders did not get added value that's associated with a standard take over.

[snap23] 15/10/2004 14:32

More buys than sell today,looks like its being mulipulated imo

[cliffst] 15/10/2004 14:31

idealing, 250K @ 1.935p, 10% spead

[clocktower] 15/10/2004 14:30

I can only buy 100k on-line @1.94p. Anyone else?

[snap23] 15/10/2004 14:29

Chill out everyone I bought 4k's worth at 2.25p the other day,EGM on the 18th which may clarify peoples doubts,shares more or less go down b4 meetings like this,just sit back,turn your screen off and chill.

[choir boy] 15/10/2004 14:28

Hi 3p,

Hope you don't mind me answering your q to euro, as I have already answered it once (last week?).

The interim post-tax loss of £1.13m was for the 6m to 30/6/04 and is on a statutory basis (ie not the pro forma showing the effects of including WTV). As such, it will NOT include any of the merger expenses. Assuming that the combination is accounted for using the merger method (under FRS6), the £1.1m merger expenses will hit the P&L account on the date of the acquisition (19/8/04 from memory) and so only be included in the 2004 finals.

Likewise, the £1m cash paid as part of the consideration will have had no effect on the interim loss. Firstly, it falls after the interim period. Secondly it is is not an expense, but forms part of the total cost of the investment (£18m) and will therefore appear on the parent company balance sheet from the acquisition date; in the group accounts, this investment is replaced by the actual assets & liabilities of WTV.

I agree it would be nice if we could attribute the 1.13m loss to this merger, but in fact it does not so let's not delude ourselves! I'm sure that the costs related to integrating some of the previous acquisitions have had an impact.

Cheers,
CB

[clocktower] 15/10/2004 14:25

Some support in the market it seems.

[jnbrw] 15/10/2004 14:24

what a dog - shareholders stitched up

[dapali] 15/10/2004 14:21

Cannot trade online thru Barclays

[singinsmythe] 15/10/2004 14:21

exotic who's the pilot, gg ?

[megsta] 15/10/2004 14:21

I agree they do look undervalued

[clocktower] 15/10/2004 14:20

Far from added value..the shareholders have been shafted to upholster the directors pockets as is clear to see. This, I though was quite clear the moment they failed to disclose figures from VTB at the time of the merger document. However, they do look very undervalued at this moment in time.

[exotic] 15/10/2004 14:18

Now it seems VTB can't be bothered answering emails ...unlike before the fundraising!

[megsta] 15/10/2004 14:17

Not a lot of support, even with the price drop on the offer!

What is putting off buyers?

Would be good to have some Q3 figures and Q4 / 2005 guidance provided at the EGM. And I mean figures rather than spiel. Wouldn't that be good? I would then feel like a shareholder in a PLC

[spinor] 15/10/2004 14:13

Euro re post 26851

I don't think many here believe a word that the VTB management say!

It is a reverse take over in name only, WTV end up with the higher proportion of the shares, the WTV management are in charge And the VTB name is being replaced by Worlds name

Seems to be a normal take over by WTV in every way except that VTB share holders did not get added value that's associated with a standard take over.

[exotic] 15/10/2004 14:12

Now I see why no one dared mention L2!

[clocktower] 15/10/2004 13:33

Why not luchan, might shake out a few on here even. MM and directors are a clever bunch at enriching themselves as we have already seen here. They could then use those bonus payments to pick up a few million on the cheap.