|Works Media Group
||EPS - Basic
||Market Cap (m)
Real-Time news about Works Media (London Stock Exchange): 0 recent articles
|ldmachin: The share price has risen in the past couple of days on very little (basically non-existant buying)... the logical conclusion is that the market makers are trying to fill a limit order that has been placed. Maybe Barker has put in another buy order for x amount under 2p or something similar... and the MMs need some selling to fill that order amount.|
|topvest: Exactly, good results. Realistic expectations. They have some good films and should be able to make some money going forwards. Share price fall was obviously due to a bit of tax planning.|
|8trader: He's been buying for stock for years and it keeps going down, there
seems to be a never ending supply of stock and that is why you see
punters getting hammered when they try and sell above NMS, there was
a sale at 1.5p when the bid was 2.5p, somebody with a big holding
wants out and that 4 million sale at 2p must be them dripping more.
Nothing against the company but there has been at least 20 false
dawns with the share price rising only to drop back again with stock
available below the mid price, watching though as i am interested in
this company after what Cfl did a few years back.|
|cockneyrebel: 250K off loaded by someone without a flick in the share price - must be a good buyer about then.
|topvest: Yes, I agree CR. This is looking well poised. Full year results should be ok and that will get the share price moving and interest flowing.|
|cockneyrebel: Different buyers now tho Swag, Costa Theo has acquired 14% -, that's a half million pound punt - in fact more because he paid a lot more than today's price.
Whatever anyone currently thinks, if and when these meet expectations you just won't be able to buy on the news, not in any sensible size - 5K NMS, 10K mm size, £300 worth and you move the price.
But we'll see - here's some snippets from the broker note:
"Works Media is expected to generate a net profit of £0.7m from revenues of £5.0m in 2007, increasing to £2.18m from turnover of £8.5m in 2008. On this basis, the Company is currently trading at 5.11x current year earnings and 1.63x earnings for 2008" - the share price has fallen since.
"The current market rating of 5.11x 2007 earnings and 1.63x 2008 earnings is not reflective of Works Media's true long-term potential given its existing catalogue and licence arrangements"
Two paragraphs that I really agree with.
|barnetpeter: "In the first half of the current year to 31 December there was a dramatically reduced net loss of 175,000 pounds. The net loss for 2006 as a whole is estimated to be 500,000 pounds; down nearly 60% from the 2005 net loss. The reduced losses this year are attributable to the awakening performance the new distribution business.
The company has today announced that it is placing 62.5 million new shares at 2p to raise 1.25 million pounds before expenses. Seymour Pierce Ellis has undertaken to place those shares not subscribed for by directors and other placees. The discount to the current share price is regrettable ....".
Not much. Just another AIM rip-off where the Directors are running the business for themselves. How can an "independent" director agree that a 67% discount to the mkt price is fair enough?|
|drsous: given whats happened to the share price these are very surprisingly positive results|
|flittermaus: Wow, a whole 1200 pounds invested, makes up for the share price having dropped from 11 pence to less than 5 pence in the last 12 months and the firms market capital has more than halved. I wonder if he halved his paycheck as well?
|flittermaus: Big problem with this share at moment is it has just been hit by the Pump and Dump merchants, who have totally screwed the price up and now back down. So anyone who considered investing in it is now very wary. Other problem is most of shares are held by directors who draw a salary and bonuses anyway, so they are not to concerned in what the share price does over the short term. Very little information gets released on the goings on in the company. But at this price (6p) it is definitely worth buying and holding as a speculative investment..If they produce another Bend it Like Beckham it will rise considerably.
Works Media share price data is direct from the London Stock Exchange