Apace Media Share Discussion Threads

[julian1976] 09/11/2005 11:56

not much happening here today.

[julian1976] 08/11/2005 16:26

that could well be the case, very annoying for us PI's though.

[english bigblls] 08/11/2005 14:45

Are they trying to shake out cheap shares for Directors to buy?

Seen it happen before.

[julian1976] 08/11/2005 14:36

and back down we go...twice!!!

[english bigblls] 08/11/2005 12:54

Maybe people are waiting to see what price/spread we get after consolidation.

[julian1976] 08/11/2005 12:29

much quieter today. lets hope the lower spread and higher share price will attract some interest over the coming weeks.

[english bigblls] 08/11/2005 09:17

Could be a T trade being worked through. Mind you, with yesterdays buying, it deserved a tick-up anyway.

[julian1976] 08/11/2005 09:15

no delayed trade as i expected. must have been that 29 quid buy that did it.

[julian1976] 08/11/2005 08:56

ok nice one. thanks for your help.

[godolphin] 08/11/2005 08:54

Yes. The share price will be 40x so I'd expect round about 30p. Hopefully the spread will be small - which is part of the idea.

[julian1976] 08/11/2005 08:52

ok so ill be looking at 40:1 valued at 5p. is this right?

[tonyx] 08/11/2005 08:52

Basically the deferred share is worthless

[godolphin] 08/11/2005 08:51

The deferred shares are irrevelant and just come about because of legal technicalities with the company set up. From the EGM:

"The rights attaching to Deferred Shares, which will not be admitted to trading on AIM or any other recognised investment exchange, will render them effectively valueless. No share certificates will be issued in respect of Deferred Shares. It is intended that the Deferred Shares will be repurchased by the Company for a nominal amount in due course. The Deferred Shares will have no rights to vote or to participate in dividends and will carry limited deferred rights on any return on capital (whether on a liquidation or otherwise)."

[julian1976] 08/11/2005 08:50

im still confused. so on thursday will my shares be 5p or 15p?

[english bigblls] 08/11/2005 08:48

Ok, so the "deferred" part refers only to divendends, in all other respects it's the same as an ordinary share?

[julian1976] 08/11/2005 08:48

lol cheers tony

[tonyx] 08/11/2005 08:43

Deferred Share

A company share on which dividend payments can be deferred until a later date. If this happens, the deferred payments take priority over any dividends on lower ranked shares until they have been paid.

Clear as mud!

[julian1976] 08/11/2005 08:41

funny you should ask that as ive been trying to find out for the last hour without any luck. im sure someone will read these posts and let us know.

[english bigblls] 08/11/2005 08:39

Any idea what a Deferred Share is?

[julian1976] 08/11/2005 08:12

nice tick up. some delayed buys i would imagine.

[tonyx] 08/11/2005 07:56

Result of EGM

RNS Number:7734T
Apace Media PLC
07 November 2005



Date: 7 November 2005
On behalf of: Apace Media plc ("Apace")
For immediate release



Apace Media plc

RESULTS OF EGM


Further to the announcement made on 14 October 2005, the Company announces that
the resolutions put to members at an extraordinary meeting of members held at
9.30 this morning were passed.



Following the approval of the reorganisation, more particularly described in the
circular to members dated 14 October (the "Reorganisation"), those members
holding 40 existing ordinary shares of 0.5p will, following the Reorganisation,
hold 1 new ordinary share of 5p ("New Ordinary Shares") together with 1 Deferred
Share of 15p ("New Deferred Shares").



New share certificates will be issued in respect of the Reorganisation and
existing share certificates for ordinary shares will therefore be valueless.



It is intended that the 22,293,076 New Ordinary Shares will start trading on 10
November 2005.



Further information

[english bigblls] 07/11/2005 17:48

Thanks for that Q.

Was just going to add : They do like their 7am RNS's so I expect we will get an update on the EGM 7am tomorrow.

[quietassassin] 07/11/2005 17:45

Growth Company investor article below

Media Matters, by Leslie Copeland
Companies: APA IBG

01/11/2005



Ex-HSBC executive Didier Stoessel is slowly creating an intriguing intellectual property play with Apace Media, while Internet Business Group is making solid profits where others have tripped up recently.

Apace Media may not be on your radar screen at present, but it's worth devoting time and energy to get to know the group because it possesses what every small company needs to succeed: innovation and originality married with an ambitious and experienced management team.

The group reversed into the corporate shell of FTV (the failed petrol station advertiser) in April this year, raising £2 million in the process. It is run by Didier Stoessel, an anglophile Frenchman who used to be a senior executive in corporate finance at global banking group HSBC.

Following much negotiating, Stoessel has beefed up his management team, recruiting Charles Thompson and Chris Rowlands. Rowlands was the CEO who saved HTV from bankruptcy, and the main driving force behind Television Corporation's acquisitive growth. Thompson is a renowned independent television producer, who, for the last three years was the managing director of Mentorn, a company that was bought by Television Corporation.

All three will be collaborating to make Apace a leading player in the creation, distribution and exploitation of media intellectual property. Its divisions include Apace Sports, a sponsorship consultancy; Pro-Active, a maker of sports programmes for the likes of Sky, which boasts relationships with the International Rugby Board; and Apace Content Acquisition, a clever venture that restructures and trades intellectual property assets. One of its most successful recent deals was the acquisition and re-sale of RM Associates, a classical music and arts audiovisual programming catalogue. A profit of £752,000 was pocketed.

The last two divisions are Apace Media and Sports Entertainment Television. The former, among other interests, produces compilation-based multi-pack CDs for the likes of HMV, Virgin and Asda. The latter is a maker of advertising-funded television programmes (the latest deal signed here was a contract with Nissan for 26 half-hour shows).

So far so good you might think, except that, armed with its extensive content, audiovisual intellectual property and independent television production capabilities, Apace now intends to make a big splash in Eastern Europe – an area where many AIM companies are operating at present. To this end, its most significant deal recently was the 'groundbreaking' purchase of 66 per cent of MM Televizia. 'What we have bought is the MTV of Bulgaria,' claims Stoessel. 'We now have the kind of lucrative market position that we would not be able to acquire elsewhere. At present we are working on the purchase of an interesting catalogue in the Czech Republic and two other acquisitions that I hope to conclude successfully and announce in due course.'

On a pro-forma basis, Apace made profits of £887,000 on revenues of £1.6 million in the six months to June and has a robust balance sheet with almost £2.3 million cash.

If you're not too risk averse, a flutter could pay off.

Leslie Copeland

[julian1976] 07/11/2005 17:43

yep looks that way, maybe they are leaving it for the morning.