Apace Media Share Discussion Threads

[jwe] 16/5/2006 08:43

Yet down this am!!

[macansy77] 15/5/2006 20:18

interesting - especially considering the bloodbath amongst small caps everywhere else...

[davethechef] 15/5/2006 17:46

One of very few stocks today WITHOUT a sell! Encouraging. And someone's very optimistic with that £220,000 BUY.
Wouldn't thought this can go much lower, buying oppotunity?

[jwe] 15/5/2006 16:15

that does look to be a very large buy.

[leadersoffice] 12/5/2006 12:52

we have just had the finals

[xavico] 12/5/2006 09:50

When are the interims due?

[leadersoffice] 12/5/2006 08:37

Wonder if there will be anything in todays IC on APA

[jwe] 12/5/2006 08:23

Following on from the last couple of days it seems the market is keen for stock here currently.
TT-i completely agree that the interims are not going to look great,we have been forewarned of that both by the statement and in share price note yesterday but its the full year results that matter we will just all have to remember that when the interims come along.

[quixquote] 11/5/2006 16:25

volume livening up this afternoon.

[jwe] 11/5/2006 16:25

I wondered why the sells earlier hadn`t hit the price obviously somebody`s keen-200k buy.
Edit perhaps it was a type of cross trade.

[jwe] 11/5/2006 12:51

Seymour Pierce rates this as a BUY today.If you subscribe to MW details are on that site.

[jwe] 11/5/2006 09:21

TT-eps in the first half was 0.13p therefore in the second half they managed 1.13p without any exceptional gain.Also the fact that they said all the business`s within the group are likely to double(T/O) this year makes me very bullish on this stock.I take that as meaning the weakest aspects will double while others may do significantly better and the fact that they have made that statement so early in the year implies to me they must be very confident.

[humphbumph] 11/5/2006 09:11

Great logical analysis, TT. If only I had the time to do the same....

I think it looks like it will be a year before they really start motoring (because I know the management's style), but in the meantime I still expect capital appreciation which would outstrip most 'conventional' shares, say 20%.

Here is a VQ type prophecy: I expect to see this share with a bid price of at least 23p this time next year!?###$£% LOL?

TT, are you available to do a similar analysis on my other shares?

[torquayturk] 11/5/2006 08:44

MJC- the interim results for the 6 months to 30th June 05 refer to a 'one off' gain made on the restructure and sale of the copyright catalogue of RM associates realising a pre tax profit of £752k for 'central activities'. It warns that this is a one off profit. So if you were to look at the full year results as a pre tax as £1.11m minus say £752k then not quite so rosy. In the full year results I was interested to read under 'current trading and future prospects' it reads "rights catalogue trading activities had a significant impact on the 2005 results of the Central Creation Division occuring in the first half of the year".... not currently pursuing new opportunities in this field. To me this section reads as 'expect comparatively poor results for the 2006 interim results in 6 months time but we will make up for it in the second half hopefully'.
Now don't misunderstand me, I am a holder of this share and think the long term prospects look fine but if you strip out the £752k profit from the EDITDA (real profit) then you arrive at a figure which is not far off 1/20th the current market cap-- about right. Therefore if they can manage to double T/O without increasing costs significantly they should have a good year. However, Stoessel does warn about increasing costs- presumably the new appointees mainly.
One final point. The cash position as at 31st Dec has no doubt been significantly reduced by the further purchase in MM Tel. Possibility of a rights issue/placing. This may be a drag on the share price.
As Humph has posted, the team looks very experienced but still early days for this business and may well need two years to show significant progress.

[mjcrockett] 10/5/2006 18:08

TT, Which £750K off which profit figure? There are so many different 'profit figures' to choose from.

[macansy77] 10/5/2006 18:04

i'd look for the television production and advertiser funded divisions to be the real drivers along with the eastern european tv networks - that's where the real money is to be made for Apace....

[macansy77] 10/5/2006 18:01

TT - i'm not sure it's worth dwelling on what's gone before but more to the point what is forecast for 2006/7. If they're forecasting to double turnover for 2006 and beyond then that's good enough for me. The Seymour Pierce broker note (due tomorrow) will shed more light, i think...

[torquayturk] 10/5/2006 17:21

Any thoughts on the results if you knock the £750k off the profit figure?

[jabberstocky] 10/5/2006 11:25

I get the feeling that a low key off the radar kind of approach suits APA for another year or two and in the meanwhile hope it keeps on building in the way it has been.

[staymour] 10/5/2006 09:19

yeh, there might be a wee bit of placer money still to unwind before we start our strong upward path.

[macansy77] 10/5/2006 09:15

and there's the reason for the fall - 60k T trade at 19p. Either that's someone in from the placing at 15p or someone with only half a brain!

[macansy77] 10/5/2006 09:14

jwe - just added again too, 25k at 20p. Too cheap!

[jwe] 10/5/2006 08:59

added at 20p.An historic p/e of 15(based on 8 months as the new company)with growth stated to be at least 100% this year and a quarter of its market cap in cash is way too cheap.

[staymour] 10/5/2006 08:24

and I especially like this bit from the television programmes part,

'The momentum is now growing and we expect to be able to announce several new
commissions soon.'

Yummy, that'll give the share price a kick up the proverbial.