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Share Name | Share Symbol | Market | Stock Type |
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Vision Media | VMG | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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1.00 | 1.00 |
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Posted at 25/6/2009 10:44 by knowing Funding sortedLoan Agreement (Vision Media) TIDMVMG RNS Number : 4883U Vision Media Group (Intl) PLC 25 June 2009 ? +------------------- | Press Release | 25 June 2009 | +------------------- Vision Media Group (International) plc ("VMG" or "the Company") Loan agreement Vision Media Group (International) plc (AIM:VMG), the outdoor media contractor, announces that it has agreed a new debt facility of GBP250,000 from a recent new investor in VMG. The loan will have a five year term with an interest rate of 1.5% over LIBOR paid annually in arrears. The loan will have a fixed and floating charge over the Company and will be subordinated to Trafalgar Capital LLP and rank pari passu to the Mike Cottman and Eric Anstee charges. By way of additional security and as an incentive to agree to the new facility, board member Mike Cottman has agreed to provide the investor with shares in VMG Global Limited ("VMG Global"), a business which has been established to develop the non-UK VMG product and service offering under licence from the Company as announced on 28 May 2008. The new investor will provide free of charge consultative resources to both the Company and VMG Global, which should assist the Company in developing income via the licence agreement with VMG Global. VMG retains an ongoing royalty payment from VMG Global which is currently 10% of the net income to be derived from the international business. This royalty payment will move to 5% of net income for the period May 2010 to April 2011 and then 2% from May 2011 up until May 2033 when the licence ends. Mike Cottman, Executive Chairman of VMG, said: "We are extremely pleased to have secured an agreement from a new investor for this loan facility. The extra financing will contribute to the Company's working capital and ongoing liquidity issues which continue to remain extremely challenging." - Ends - |
Posted at 03/11/2008 09:05 by ihavenoclue dealy - 3 Nov'08 - 07:42 - 66 of 68Placing once again at a premium to the share price as opposed to a steep discount. A lot of brokers could learn something here from VMG's actions. It definitely sends a strong signal and doesn't rub salt in the wounds of previous investors. ==================== So the investors in March who bought in at 10p - only to watch it drop from 7p - wouldn't be at all hurt to see a placing 8 months later at 4p ? Sorry but you need to take your blinkers off .... |
Posted at 03/11/2008 07:42 by dealy Placing once again at a premium to the share price as opposed to a steep discount. A lot of brokers could learn something here from VMG's actions. It definitely sends a strong signal and doesn't rub salt in the wounds of previous investors.Market cap using placement price is about £4m. I guess you can't actually buy more than 200,000 shares below that price in the market. |
Posted at 14/3/2008 14:57 by ivor whopper Stocks Fall Sharply on Credit FearsNEW YORK (AP) - Stocks plunged early Friday as investors worried that a plan to ease a liquidity crisis at Bear Stearns Cos. indicates how severe credit troubles have become. Each of the major indexes lost more than 1 percent; the Dow Jones industrials fell about 140 points. Investors were busy examining the plan from JPMorgan Chase & Co. and the New York Federal Reserve to provide secured funding to Bear Stearns for an initial period of 28 days. The move offers Bear Stearns relief from a sudden liquidity crunch. Bear Stearns shares fell sharply, dragging down other financial companies. Bear skidded $24.50, or 43 percent, to $32.50. Stocks showed moderate gains in the early going after a Labor Department report showed the Consumer Price Index remained flat for February. Wall Street has been expecting inflation would show an increase. But the gains quickly disappeared after investors learned more about how close Bear Stearns appeared to have come to financial implosion. "The Bear Stearns news reversed the early positive sentiment from the inflation data," said Peter Cardillo, chief market economist at Avalon Partners. "There had been nervousness about Bear Stearns for some time and now the market's concerns about the company have been proven true." In midmorning trading, the Dow Jones industrial average fell 146.05, or 1.20 percent, to 11,999.69 after having fallen as much as 300 points. Broader stock indicators also declined. The Standard & Poor's 500 index fell 19.88, or 1.51 percent, to 1,295.60, and the Nasdaq composite index fell 29.60, or 1.31 percent, to 2,234.01. Bond prices jumped as stocks retreated. The yield on the benchmark 10-year Treasury note, which moves opposite its price, fell to 3.42 percent from 3.54 percent late Thursday. Investors' nervousness was obvious Friday. The Chicago Board Options Exchange's volatility index, known as the VIX, and often referred to as the "fear index," jumped 9.56 percent. Declining issues outnumbered advancers by nearly 5 to 1 on the New York Stock Exchange, where volume came to 419.6 million shares. Friday's stock market pullback comes a day after an anxious stock market rebounded from an early plunge after Standard & Poor's predicted financial companies are nearing the end of the massive asset write-downs that have pummeled the stock and credit markets for months. The S&P projection had given investors some hope that the seemingly unrelenting losses from the mortgage and credit crisis could have been bottoming out. But the Bear Stearns news rekindled investors' nervousness about the troubles in the financial sector and raised concerns over whether other banks might soon face similar liquidity stresses. Stock market investors Friday were also eyeing the dwindling dollar and events in the soaring commodities market. Gold prices touched another fresh record Friday. Light, sweet crude, which set a fresh record Thursday, recently rose 26 cents to $110.59 per barrel on the New York Mercantile Exchange. The Russell 2000 index of smaller companies fell 9.19, or 1.35 percent, to 670.52. Overseas, Japan's Nikkei stock average fell 1.54 percent. In afternoon trading, Britain's FTSE 100 fell 1.05 percent, Germany's DAX index fell 1.08 percent, and France's CAC-40 fell 0.96 percent. Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. |
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