Vision Media Share Discussion Threads

[steddieddie] 09/6/2009 20:31

Did you guys notice that while VMG may well be about to unload TrainFX, Mike Cottman, the Executive Chairman, doesn't exactly intend parting company with it himself.

He could have just breathed a sigh of relief but, instead, I see he has taken a near 4% stake in RAM, the Company that's taking in on. Might be worth noting. If you agree the new RAM thread is here:

[knowing] 09/6/2009 18:15

This may help

[dealy] 09/6/2009 18:08

So what's the company worth? Do they have a business?

[knowing] 09/6/2009 12:54

TIDMVMG

RNS Number : 6061T
Vision Media Group (Intl) PLC
09 June 2009

?


+------------------------------------+------------------------------------+
| Press Release | 9 June 2009 |
+------------------------------------+------------------------------------+


Vision Media Group (International) plc


("VMG" or "the Company")


TrainFX Option Agreement and Loan


Further to the announcement made on 7 May 2009, Vision Media Group
(International) plc (AIM:VMG), the outdoor media contractor, announces that
AIM-listed RAM Investment Group Plc ("RAM") has now completed the Option
Agreement to acquire, with a long stop date of 31 August 2009, the remaining
50.1% of TrainFX ("TrainTV") which RAM does not already own at a price of
GBP1,240,000, consisting of cash of GBP785,000, RAM shares with a value of
GBP425,000 and circa GBP30,000 of loan notes to be issued by RAM, with all cash
elements being used to pay down part of VMG's existing debt facility with
Trafalgar Capital Partners LLP.This option, which has yet to be called by RAM,
is subject to the approval of VMG's shareholders.


The completion of this transaction provides VMG with an overall enterprise value
of circa GBP2.16 million for the TrainTV business. For the year ended 31
December 2007 Train TV made a loss of GBP0.56 million on turnover of GBP0.03
million. As at 31 December 2007 it had net liabilities of GBP1.7 million. For
the year ended 31 December 2008 the draft results show that TrainFX made a loss
of GBP0.5 million on turnover of GBP0.02 million and that as at December 2008 it
had net liabilities of GBP2.2 million.


In addition, VMG also announces that the Company has entered into a commercial
loan facility with RAM for up to GBP200,000 payable in tranches to VMG at RAM's
call. The loan is to facilitate the running of Train FX Limited. The first
tranche of GBP76,500 has been drawn down. The loan carries an interest rate of
libor plus 1.5% payable upon redemption. The redemption date for the loan is 31
August 2009.


Mike Cottman, Executive Chairman of VMG, said: "The completion of the details
for the Option Agreement is another important step in the process for the full
disposal of our TrainFX asset and we now fully expect RAM to exercise their
Option to complete the transaction in the time frame as outlined. RAM's
continued support with this new commercial loan is an important contribution
which allows the Company to continue to fund the TrainFX operation until the
expected completion, effectively helping to remove this cost burden from our
overhead."


- Ends -

[knowing] 03/6/2009 21:26

Train FX Ltd (under the 'Train TV' registered trademark) has signed contracts with National Express and First Capital Connect with the right to install digital TV screens and an ambient sound system on their railway carriage fleet. The system will broadcast passenger journey information, breakfast style news and advertising. The technology is also in place for the train operators to access back-haul information.

Having secured two contracts which cover 30% of the Greater London commuter market, Train FX is aiming to install its technology with other train operating companies covering the rail commuter market over ground. This represents approximately 800 million passenger train journeys a year. For UK advertisers, this market is the last bastion of captive broadcasting in mass transit.

The programme will be rolled out on the East Anglia franchise by the start of the Olympic Games. Additionally, there are many other territories both here in the UK and through the world where the technology of Train TV is attractive and commercially viable. Train TV is an investment in which the Board has every confidence.

[knowing] 07/5/2009 15:11

TIDMVMG TIDMRAM

RNS Number : 8209R
Vision Media Group (Intl) PLC
07 May 2009

?


+------------------------------------+------------------------------------+
| Press Release | 7 May 2009 |
+------------------------------------+------------------------------------+


Vision Media Group (International) plc


("VMG" or "the Company")


TrainFX Disposal


Further to the announcement made on 17 March 2009, Vision Media Group
(International) plc (AIM:VMG), the outdoor media contractor, announces that it
has agreed new Heads of Terms for the sale of its TrainFX ("TrainTV")
business directly to AIM-listed RAM Investment Group Plc ("RAM"). In addition,
the Company also announces that New Planet Investments Ltd, the special purpose
vehicle established originally to acquire TrainTV from VMG as previously
announced, has now been acquired by RAM.


The new Heads of Terms provide for an initial investment of GBP920,000 by RAM in
return for an issue of new shares in TrainTV, giving RAM 49.9% of the equity of
TrainTV. This investment includes the settlement, by way of the transfer of
200,000 shares in TrainTV, of a GBP200,000 loan made to VMG by RAM and the issue
of a further 720,000 shares for cash payments of GBP400,000 and GBP320,000.


VMG will also grant RAM an option to acquire, by 31 August 2009, the remaining
50.01% of TrainTV which RAM does not already own at a price of GBP1,270,000,
consisting of cash of GBP785,000, RAM shares with a value of GBP425,000 and up
to GBP60,000 of loan notes to be issued by RAM, with all cash elements being
used to pay down part of VMG's existing debt facility with Trafalgar Capital
Partners LLP. This option is subject to the approval of VMG's shareholders.


These transactions taken together provide VMG with an overall enterprise value
of circa GBP2.19 million for the TrainTV business. For the year ended 31
December 2007 Train TV made a loss of GBP0.56 million on turnover of GBP0.03
million. As at 31 December 2007 it had net liabilities of GBP1.7 million. For
the year ended 31 December 2008 the draft results show that TrainFX made a loss
of GBP0.5 million on turnover of GBP0.02 million and that as at December 2008 it
had net liabilities of GBP2.2 million.


Tim Baldwin, Chairman of RAM commented: "We are delighted to announce the
investment of GBP920,000 in TrainTV from VMG and look forward to the future
opportunities presented should we exercise our call option to acquire control of
the business. We are confident that we can provide the necessary growth platform
for a business with the potential of TrainTV."


The recent absence of finance has delayed VMG's previous strategy. Due to these
funding issues, the Company has been further inhibited in the forecasted rollout
of screens to UK malls. However, with these new funds VMG will be looking to
deploy new screens and keep to the original UK installation plan.


Mike Cottman, Executive Chairman of VMG, said: "We are pleased to agree terms
for the refinancing of TrainTV. The funds generated from the initial investment
will support the Group and its ongoing liquidity issues. The extreme financial
circumstances that have affected VMG in recent months continue and the deal with
RAM is an important source of finance in the absence of traditional funding
methods."


- Ends -

[cgod] 27/4/2009 13:19

I think that you will find they have run out of money. This is the end. We have all been had over, again with this one, the second time that have been sucked me in, never again.

[knowing] 27/4/2009 13:05

But it's going the wrong way.

[knowing] 27/4/2009 00:09

Well short term 3p is quite possible on a little good news.

[knowing] 24/4/2009 14:57

Have you read the last two news items?

[amazon_woman] 24/4/2009 14:25

Could be funding sorted who knows looks positive though if limits tight. VV risky though.

AW

[knowing] 24/4/2009 14:14

Prices even better

1.5 vs 1.54

[knowing] 24/4/2009 14:09

Anyone noticed the limits here. Buy 25K sell 250K...strange

[amazon_woman] 26/1/2009 16:28

Not formally insolvent however they do have funding issues so be careful. There could be action being taken I think there was a fair amount of creditor pressure.

Very risky atm I will only come back if they get the funding sorted.

I sold out a while ago.

AW

[ljsquash] 26/1/2009 13:14

AW can you do any research from your line of work to verify the truthfulness of item 81?

[joco2] 26/1/2009 11:09

Winding up proceedings have been started against the company!

[amazon_woman] 06/11/2008 13:37

Online going up slowly

25k/15k 2.71p/3.35p

AW

[cgod] 06/11/2008 10:01

Very apt name I HAVE NO CLUE, another muppet on the site.

[ihavenoclue] 06/11/2008 09:06

cgod ... you are just ramping scum ... what you had to say is pointless and you are filtered.

[cgod] 04/11/2008 13:37

I think that this is now a good buy at this price. we will look back in 6 months and wish that we had bought more. Directors buying 100% above the share price is the key to where this one is going. NORTH.

[amazon_woman] 04/11/2008 12:38

RNS All 12m new shares taken up at 4p.

Still a chance to get in lower !!!

There is a lot going on in this sector and deals being done.

AW

[amazon_woman] 04/11/2008 10:58

1v3 online 25k/25k 2.65/3.2p

Should hear about what they raised the money for there must be deals in the pipeline to be able to raise the funds. I doubt they put more money in without knowing what it was for. I appreciate they raised funds at higher levels before but all co's share price have suffered in the last 6 months.

AW

[amazon_woman] 04/11/2008 08:34

Moving up on no volume worth mentioning finally the bid is up. We could see a sharp rise. ASG managed one !!

1v1

Online 37k/25k 2.56/2.9p

AW

[cgod] 03/11/2008 15:10

Still that we have a great chance of a good recovery here. and with all the key players putting money in at 4p, one would think they know what the future holds.

[ihavenoclue] 03/11/2008 13:49

dealy .. thats true i suppose