Asg Media Investors - ASG

Asg Media Investors - ASG

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Asg Media ASG London Ordinary Share GB00B5KNBL14
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 1.125 00:00:00
Open Price Low Price High Price Close Price Previous Close
1.125 1.125
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Top Investor Posts

DateSubject
01/1/2010
12:20
share_shark: Guys and gals. Comments below borrowed from the iii thread. heards bits and pieces from the proposed plan for de-listing the company under a new name. The plan is to give equivalent of 1p per each share from ASG in the new company. The approximate breakdown can be seen below: Existing shares of 160m at 1p will get shares in the value of £1,600,000 Give Creditors shares in the value of £4,000,000 Give Administrator Anthony Batty shares in the value £750,000 Give to a new investor shares in the value of £2,300,000 Can anyone tell me why they are giving shares to the Administrator equivalent of half the total value of the existing shares? Is this normal practice? The market cap will be over £8m. My understanding is that the company will have no debt and will have £3m cash supplied by the new investor (RAM or NEO??). Does this mean that total debt was £4m? How do you think the market will react? Do we have any other news please? I would like to give an update on the proposed legal action too. There are 8 investors who showed interest. 2 of us are taking legal advise on our behalf but one of this two is not as keen as the other. I will definitely pursue this to get some compensation.
02/11/2009
13:16
topinfo: DJ ASG Media Appoints Administrators LONDON (Dow Jones)--ASG Media PLC (ASG.LN) said Monday it has appointed Antony Batty and Stephen Evans of Antony Batty & Company LLP to act as joint administrators of the company with immediate effect. MAIN FACTS: -Since suspension, board has continued to explore options to address company's working capital requirement. -Discussions with number of parties including potential equity investors and existing shareholders continued up until last night. -It became clear that further funding would not be forthcoming. -Charles Stanley Securities, company's nominated adviser and broker, has tendered its resignation with immediate effect. -If ASG has failed to appoint a replacement nominated adviser by Dec. 3, the admission of company's shares to trading on AIM will be cancelled. -By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com (END) Dow Jones Newswires November 02, 2009 08:15 ET (13:15 GMT) Copyright (c) 2009 Dow Jones & Company, Inc.
02/11/2009
13:14
beginner3: RNS Number : 7801B ASG Media PLC 02 November 2009  02 November 2009 ASG Media PLC ("ASG" or "the Company") (AIM:ASG) Appointment of Administrators The Board of ASG Group plc regrets to announce that, having carefully considered the financial position and strategic options of the Company, on 02 November 2009 it appointed Antony Batty and Stephen Evans of Antony Batty & Company LLP to act as Joint Administrators of the Company with immediate effect. Since the announcement of suspension on 20 October 2009 the Board has continued to explore options to address the Company's working capital requirement. The Board has continued discussions with a number of parties including potential equity investors and existing shareholders up until last night. Until it became clear that further funding would not be forthcoming the directors were hopeful that funding would be secured. Furthermore the Board announces that Charles Stanley Securities ("Charles Stanley"), the Company's nominated adviser for the purposes of the AIM Rules for Companies ("AIM Rules"), has tendered its resignation as the Company's Nominated Adviser and Broker, with immediate effect. If ASG has failed to appoint a replacement Nominated Adviser by 03 December 2009, the admission of the Company's shares to trading on AIM will be cancelled in accordance with Rule 1 of the AIM Rules. Enquiries:
28/9/2009
08:57
anusol: Shareholder 'shafting' already well factored into the price after NEO bought up a huge stake earlier this year. So there is some upside here. Guess its cheaper to buy a small company via continuous dilution rather than pay off all the small investors at 2p a share..... personally see it as slightly good news, as it shows there is still life in this dog.
03/12/2008
09:24
maxprofit2: investor relations from avanti are shocking to say the least, thats why i search other sources most mornings for news and post anything i can find and it does not suprise me anymore that i find news that should of been released via an rns, it does show that we have taken another step in the right direction even if the price does not reflect it at times.
03/12/2008
09:02
california joe: Reading that, I can't understand why an RNS was not released, quite major news that should be put to the market through official channels, don't they want new investors?????? I would expect a full update from Avanti very soon!
16/9/2008
16:08
maxprofit2: neo's partner in the netherlands gets a big contract win.... http://www.dailydooh.com/archives/3601 and with neo as our uk partner/investor, i am sure it will not be long before we see things like this happening for us. IMO..DYOR.
11/6/2008
15:55
california joe: Press Release 11 June 2008 Vision Media Group (International) plc ('VMG' or 'the Group') Placing Of Shares Vision Media Group (International) plc (AIM:VMG), the outdoor media contractor, announces that it has successfully placed 9,523,806 new Ordinary Shares at 5.25 pence per share to existing institutional and other investors. Further to the announcement of 28 May 2008, this fundraising releases the second and third tranches of funds from Trafalgar Capital Specialised Investment Fund. These tranches will deliver a further £1.2 million net to VMG of which the Group has received £250,000 so far. All 9,523,806 new Ordinary Shares, which rank pari passu with the existing shares, are expected to be admitted to trading on AIM on 12 June 2008. Following this notification, the total number of shares in issue will stand at 78,699,591. Mike Cottman, Executive Chairman, said: 'This successful placing of new shares so soon after our share re-construction and the announcement of our intention to raise this new equity is testimony to investor belief in the growing strength of our business. The placing represents the final stage in our 18 month journey of re-structuring and re-financing and completes the financing intentions we announced in December, 2007. This stage of our turnaround is now complete. We can now look forward to developing our business and concentrating on delivering a profitable business for all our stakeholders. We have much to do in this regard and a host of opportunities ahead of us.' "Like buying out ASG" LOL!!!!!
27/9/2007
16:46
primrose: This post may be withdrawn O/T - I've got to say that unfortunately there may be some truth in the above. For someone who appears to have an unhealthy obsession with so called "ramping" and pump and dumpers - Which in reality is what Mms did to ASG last Friday ! ( Deliberately trapping private investors into paying 11.5p to 12.5p for ASG, with there then being no significant sells to offset volumes - they then dropped prices 33% earlier this week, triggering so called "stop losses" (which are in fact losses !). In order to get cheap shares back to sell on for more extortionate profit) - These are snapshots of some "Dangerous Brian" posts on his own stock held MES ! Not only could the same comments positively be directed and mostly applied towards ASG ! - but the below strikes me as being somewhat hypocritical as in "ramping".. noting absense of even "IMO" or "DYOR" - Either way the negativity that has been placed onto ASG this last week in itself only helps MMs fleece private investors, as it breeds doubt and worry - with there already being enough uncertainty in the markets ! - The below comments being fine for DB when talking about MES, but on ASG which he doesn't even hold (!) - People making similar positive comments to the ones below have been slated. Whilst a negative stance in all fairness has been maintained against ASG by DB.. (Funny how the head of Wins is called Brian too.. lol) - On 6 years experience I consider the below to all be Ramping.. Dangerous Brian - 3 Sep'07 - 10:17 - 433 of 465 There's potential here. Market cap of 2.5million, cash 1.25 million after this deal and before any cashburn and then the recent deal in Thailand which they hope to generate instant earnings, todays volume is low but picking up but it's the same everywhere else. (SIMILAR APPLIES TO ASG..) Dangerous Brian - 11 Sep'07 - 11:10 - 450 of 465 Well if some of the largest telecom providers are wanting to sign up Mes for their technology what does that tell you. (- SAME COULD BE SAID ABOUT ASG: - MARKS AND SPENCER, NHS, BOOTS, SAINSBURY, TESCO - But when mentioned DB has called the same Ramping !) Dangerous Brian - 10 Sep'07 - 12:34 - 439 of 465 This company is making some very nice deals and the market cap is still just around 2.5 million, forget Advfn's because as normal it's way out but this is looking cheap and there's no worries about any need to raise cash because they've already done that bit and also got the 350k from last week's RNS ! I'm off out now, think this stock is due some sort of re-rating. (SAME APPLIES TO ASG - NO WORRIES ABOUT CASH !) Dangerous Brian - 10 Sep'07 - 18:04 - 441 of 465 ..The potential is huge with this deal and the recent one in Thailand. (- BUT TO ME BEST OF ALL:-) Dangerous Brian - 10 Sep'07 - 23:10 - 446 of 465 3 very good Rns's in 2 months suggest this company is going places. - YES THE SAME APPLIES TO ASG AS WELL ! SO PLEASE DESIST WITH THE NEGATIVE SLANTS LIKE SUGGESTING KAUP HAVE AN OVERHANG OF 1-2 MILLION.. (If 200k net or more were bought, the share price would rise to 10p+) - MMs were selling plenty of shares last week to private investors at 11.5p to 12.5p when it suited them. Yet on very low sells, they axe prices to 8.5p earlier this week, taking in so called "stop losses !" (a.n.other broker scam) - The recent attacks on so called "ramping" is just another MM scam imv for ripping off private investors. The whole markets being riddled with corruption and remaining entirely one sided towards MMs and their profits
26/9/2007
06:11
mine man: Avanti Screenmedia Group PLC 26 September 2007 26 September 2006 Avanti Screenmedia Group plc ('Avanti' or the 'Company') Placing of new Ordinary Shares and issue of Convertible Unsecured Loans to raise approximately £885,000 Dealings by Directors The Company announced on 21 September 2007 that it had raised a minimum of £680,000 by way of convertible loans and a conditional placing of new Ordinary Shares. The Board of Avanti is pleased to announce that this total has been increased to £785,485. Charles Stanley Securities and Seymour Pierce have, on behalf of the Company, completed a conditional placing (the 'Placing') of 6,578,366 new Ordinary Shares of 1p each (the 'Placing Shares') at a price of 7 pence per Placing Share with institutional and other investors to raise approximately £460,485. The Board is also pleased to announce that it has secured a further £325,000 through CUL, in addition to the £100,000 announced on 4 September 2007. The Placing is conditional, inter alia, upon the Company obtaining shareholder approval of certain resolutions at an extraordinary general meeting to be held on 18 October 2007 (the 'EGM'). Admission of the Placing Shares to trading on AIM is expected on 19 October 2007. Commenting on the fund raising, Chairman Mick Desmond said: 'I am delighted that we have secured additional funding from both existing and new investors. The Company has achieved a strong sales performance in the current financial year to date and the executive team is making good progress in delivery of the new strategy.' Enquiries: Avanti Screenmedia Group plc 0207 902 2345 Simon Rees, Chief Executive Gary Truman, Finance Director Charles Stanley Securities 020 7149 6000 Nominated Adviser Russell Cook / Freddy Crossley Bishopsgate Communications Limited 020 7562 3355 Maxine Barnes/Jenni Herbert Placing of new Ordinary Shares and issue of Convertible Unsecured Loans to raise approximately £885,000 Dealings by Directors The Company announced on 21 September 2007 that it had raised a minimum of £680,000 by way of a convertible loan and a conditional placing of new Ordinary Shares. The Board of Avanti is pleased to announce that it has raised a total of £785,485. Charles Stanley Securities and Seymour Pierce have, on behalf of the Company, completed a conditional placing of 6,578,366 new Ordinary Shares of 1p each at a price of 7 pence per Placing Share with institutional and other investors to raise approximately £460,485. The Board is also pleased to announce that it has secured a further £325,000 through CULs, in addition to the £100,000 announced on 4 September 2007. The Placing is conditional, inter alia, upon the Company obtaining shareholder approval of certain resolutions at an extraordinary general meeting to be held on 18 October 2007. The EGM to approve the terms of the Placing and to authorise the issue of new Ordinary Shares to satisfy conversion of the CULs will be held on 18 October 2007. Admission of the Placing Shares to trading on AIM is expected on 19 October 2007. The announcement of 21 September 2007 followed a trading update issued by the Company on 6 August 2007 stating that, following a difficult trading period immediately following the demerger, management had refocused the business and was implementing a revised business strategy and as a result that trading was showing signs of improvement. However, the Board also announced that the previous poor trading and the costs associated with the implementation of the new business strategy had an adverse effect on the Company's cash resources which required the Company to urgently seek additional funding for the business. On 4 September 2007 the Company announced that it had entered into a 10% Convertible Loan Agreement to raise £100,000 which is to be repaid or converted on or before 3 March 2008. The conversion of the CUL is subject to obtaining shareholder approval at an EGM, details of which are set out below. The Company also announced that the Company's cash position had improved, although the Board is continuing to seek further funding to meet the Company's working capital requirement and for continuing development of the business. Current Trading and Prospects Simon Rees was appointed to the Board as Chief Executive on 18 June 2007 since when he has overseen the implementation of a new strategy for Avanti. This has involved; the reduction of costs across the Company; a shift in resource to frontline sales and marketing; the establishment of a local advertising sales team and the favourable renegotiation and extension of existing client contracts. While the Board is confident that the successful implementation of this strategy will deliver long-term growth for Avanti and its Shareholders, the short term prospects are dependent upon a number of factors, prevailing general economic conditions and securing sufficient working capital for the Company's present requirements, and for the on-going development and expansion of the business. Earlier this month the Company announced that it has signed a deal with Electronic Health Media ('EHM') Limited to offer patient information and advertising on screens in walk-in health centres, hospitals and GP surgeries throughout England. The network provides health service professionals with a communications platform for patient information, together with local and national advertising. The contract initially extends to 130 sites, which EHM expect to expand to over 200 by December 2007. Avanti anticipates that this contract will generate gross local advertising revenues of between £500,000 and £1.0 million in the next 12 months. Avanti has also announced that it has extended its current three year contract with its largest client, The Mall Corporation, for a further 3 years through to 2011. The Mall Corporation currently owns and operates 23 shopping malls nationwide. The Board has also announced that advertising sales across the Company are performing strongly. Booked (gross) advertising sales in the first two months of the current financial year exceeded those achieved for the entire 12 months to 30 June 2007. Funding The Board has been seeking to secure short term-funding since the trading statement of 6 August, and continues to explore potential sources of additional finance to take advantage of certain new opportunities to support the development of the business. This includes potential acquisitions which complement the Company's strategy for growth and consolidation of the screenmedia sector. Convertible Unsecured Loan Agreements The Board announced on 4 September 2007 that the Company had entered into a Convertible Unsecured Loan Agreement to raise £100,000 before expenses. The CUL carries an interest rate of 10% percent per annum and is due to be repaid or converted at a conversion price of 2.0p per share on or before 3 March 2008. If fully converted, the CUL will require the issue of 5.0 million new Ordinary Shares, equivalent to 10.7% of the Enlarged Share Capital. The announcement on 21 September 2007 stated that that the Company had entered into further Convertible Unsecured Loan Agreements to raise £325,000 which include £25,000 from Mick Desmond, £75,000 from Gary Truman and £25,000 from Simon Rees, the Chairman, Finance Director and Chief Executive of the Company respectively. The CULs carry an interest rate of 10% percent per annum and are due to be repaid or converted at a conversion price of 8.375p per Ordinary Share on or before 21 March 2008. If fully converted, these CULs will require the issue of 3.88 million new Ordinary Shares, equivalent to 8.3% of the Enlarged Share Capital. The resolutions proposed at the EGM provide the Board with authority to issue the new Ordinary Shares pursuant to such conversion of the CULs. Placing of new Ordinary Shares The Company requires to raise a minimum of a further £400,000 to provide sufficient cash resources to meet the Company's immediate working capital requirements. In the opinion of the Directors the optimum level of further funding to meet all working capital requirements of the business for the next twelve months is £1.25 million. The Company is proposing to raise £460,486 by way of a Placing at 7.0 pence per Placing Share. The Placing Price represents a discount of approximately 33.3 per cent. to the closing mid market price of the Ordinary Shares on 20 September 2007 (the date prior to the announcement of the Placing). Charles Stanley and Seymour Pierce have placed 6,578,366 Placing Shares at a price of 7.0 pence per Placing Share with certain institutional and other investors to raise £460,486. The Company is also seeking authority to place up to a further 5.4 million new Ordinary Shares which will raise up to a further £376,000 at the Placing Price. The Placing and the Proposed Placing are conditional on the passing of the Resolutions and the Placing is conditional on Admission. The Placing and the Proposed Placing are not being underwritten. The Placing Shares and the new Ordinary Shares to be issued pursuant to the Proposed Placing are not being offered generally to Shareholders, whether on a pre-emptive basis or otherwise. The Directors believe that the additional cost and delay which a rights issue or open offer would entail would not be in the best interests of the Company in the circumstances. The Placing Shares and the new Ordinary Shares to be issued pursuant to the Proposed Placing will rank equally in all respects with the existing Ordinary Shares. Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. Subject to Admission becoming effective, it is expected that dealing in such Placing Shares will commence on 19 October 2007. In order to issue the new Ordinary Shares in accordance with the terms of the CULs, to undertake the Placing and the Proposed Placing, the Board of the Company is now seeking Shareholders' approval at an EGM to increase the Company's authorised share capital and to authorise the Directors to allot a number of Ordinary Shares on a non-pre-emptive basis pursuant to sections 80 and 95 of the Companies Act 1985. In the event that the CULs are converted in full and the Company issues all of the new Ordinary Shares for which it is seeking authority at the EGM in relation to the Placing and the Proposed Placing, the Company will be required to issue a total of 20,842,293, new Ordinary Shares which will represent approximately 44.7% of the Enlarged Share Capital. In the event that all of the new Ordinary Shares for which Shareholders' authority is being sought the Enlarged Share Capital will be 46,650,000 Ordinary Shares. Share Options Gary Truman has today exercised options over 73,602 ordinary shares representing 0.2 per cent of the current issued share capital at an option price of 1 pence per share. Details of Mr Truman's shareholding, including potential conversion of his CUL to the Company, are set out in paragraph 2 of Additional Information below. Application will be made for these new Ordinary Shares to be admitted to trading on AIM, which is expected to be on 19 October 2007. Directors and other interests Following the Placing and upon conversion of the CULS the interest of the Directors in the share capital of the Company (as at 24 September 2007 being the latest practicable date prior to this announcement) will be: Director Number of Percentage of Number of Ordinary Percentage of Ordinary Shares existing issued share Shares following enlarged issued capital completion of the ordinary share Placing and capital following conversion of the completion of the CULs Placing and conversion of the CULs Michael Desmond - - 298,507 0.7% Simon Rees 2,500 0.0% 301,007 0.7% Gary Truman 240,505 0.9% 1,209,629* 2.9% John Brackenbury 402,659 1.6% 402,659 1.0% Richard Vos 1,900 0.0% 1,900 0.0% * includes exercise of 73,602 share options The Directors are aware of the following interests, other than those of the Directors', held directly or indirectly in 3 per cent. or more of the issued share capital of the Company (as at 24 September 2007 being the latest practicable date prior to this announcement): Shareholder Number of Percentage of Number of Ordinary Percentage of Ordinary Shares existing issued Shares following enlarged issued share capital completion of the ordinary share Placing and capital following conversion of the completion of the CULs Placing and conversion of the CULs Caledonia Investments plc 6,163,301 24.0% 6,163,301 14.9% Barclays Stockbrokers 1,808,279 7.0% 1,808,279 4.4% Hermes Pensions Management 1,804,067 7.0% 1,804,067 4.4% Kaupthing Bank Limited 1,775,000 6.9% 1,775,000 4.4% D J Williams 1,432,021 5.6% 1,432,021 3.5% D Bestwick 1,000,840 3.9% 1,000,840 2.4% Extraordinary General Meeting By way of further background and explanation, before the Placing and the Proposed Placing can proceed and the CULs can be converted a number of new Ordinary Shares need to be created. After taking into consideration the anticipated terms of the Placing and the Proposed Placing, the Company's obligations in accordance with the CULs and certain share options granted to its employees and officers, the Company's likely future requirements and the Company's current share price, the Board of the Company have recommended that 10,000,000 new Ordinary Shares be created. This would increase the Company's authorised share capital by £100,000 to £500,000. The first Resolution approves this increase. Following the creation of the new Ordinary Shares, the second and third Resolutions empower the Directors to allot equity shares for cash (other than in accordance with the statutory pre-emption rights which require a company to offer all allotments of equity shares for cash first to existing shareholders in proportion to their holdings), in connection with the CULs, the Placing, the Proposed Placing, any rights issue and otherwise in respect of a further 2,332,500 Ordinary Shares. Unless renewed, revoked, varied or extended, this authority will expire at the end of 15 months from the date of passing of the Resolutions or at the conclusion of the AGM to be held in 2008 of the Company, whichever is the earlier. Directors' Recommendation As set out above, Michel Desmond, Simon Rees and Gary Truman have entered into CULs and as such are considered to be related parties for the purpose of considering and providing a recommendation to Shareholders. The Independent Directors, comprising Stuart Chambers, John Brackenbury CBE and Richard Vos consider, having consulted with Charles Stanley, that the terms of the CULs entered into by the Company with certain of the Directors are fair and reasonable insofar as Shareholders are concerned. The Independent Directors are of the opinion that the issue of new Ordinary Shares on conversion of the CULs, the Placing and the Proposed Placing which are subject to the passing the Resolutions at the EGM are in the best interests of the Company and its Shareholders as a whole. Accordingly, the Independent Directors unanimously recommend that Shareholders vote in favour of the Resolutions at the EGM as they intend to do in respect of their own Ordinary Shares representing approximately 1.56 per cent of the current issued share capital. PLACING STATISTICS Placing Price 7p Number of existing Ordinary Shares in issue 25,734,105 Number of Placing Shares 6,578,366 Number of Ordinary Shares in issue immediately following Admission 32,312,471 Number of Proposed Placing Shares Up to 5,383,332 Number of Ordinary Shares to be issued upon conversion of the CULs Up to 8,880,595 Conversion price of CULs £100,000 at 2.0p £325,000 at 8. 375p Maximum number of Ordinary Shares in issue following Admission and upon conversion of 46,650,000 the CULs and the issue of the Proposed Placing Shares Market capitalisation of the Company at the Placing Price £2.3 million Gross proceeds of the Placing and from the CULs receivable by the Company £885,486 Estimated net proceeds of the Placing and from the CULs receivable by the Company £850,000
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