Catalyst Media Share Discussion Threads

[theheadchef] 10/11/2005 09:08

Trevorbob--that must be Mister Whippee?

[treborbob] 10/11/2005 08:57

I know a fella with an icecream van who employs more people than that!

[red ninja] 10/11/2005 07:59

Some good news for Catalyst :-

Catalyst Media Group PLC
10 November 2005

10 November 2005

Catalyst Media Group PLC

Increase in interest in Satellite Information Services (Holdings) Limited

Catalyst Media Group PLC ('CMG') is pleased to announce that Satellite
Information Services (Holdings) Limited ('SIS') has purchased 20,638 of its own
shares from the Racecourse Association for a consideration of £10.7 million in
cash. As a consequence, CMG's interest in SIS has increased from 16% to 17.6% at
no cost to CMG. Accordingly, CMG's share of the profits from and any future
dividend paid by SIS will increase from 16% to 17.6% with immediate effect.

CMG acquired its interest in SIS in September 2005 by the purchase
of Alternateport Limited from United Business Media plc (the
'Acquisition'). This acquisition was made through CMG's subsidiary, Catalyst
Media Holdings Ltd, which is owned as to 80% by CMG and 20% by Eureka
Interactive Fund Limited. At the time of the Acquisition, Alternateport owned
20% of SIS which has increased to 22% as a result of the share buy-back
described above.

Since the completion of the Acquisition in September 2005, CMG has embarked on a
strategy to de-risk and reduce costs in the Group so as to maximise the benefit
to shareholders of its ownership in SIS. As part of this process GMS, the New
York based Media Services business, has been sold to management and Betelgeuse
Productions Inc ('BPI'), the New York based television production company, has
entered into a joint venture with Pow Pix Productions who have assumed the
responsibility for running the post production facility. As a result of this
agreement BPI's annual cost base has been reduced to less than £100,000. The
Group is currently in discussions with a number of interested parties with
regard to its remaining US subsidiary, NPG Inc., which operates the world's
leading stock footage portal, Footage.net.

In the UK a comprehensive re-structuring has been implemented which has reduced
overheads by a further £500,000 annually and the Group now employs a total of 12
people worldwide.
Notwithstanding this reduction in overhead the Group continues to generate
revenues from its on-going relationships with GMS, BPI and Footage.net as well
as its content licensing activities in the UK and its investment in SIS.

[Abuse team] 08/11/2005 18:54

Post removed by ADVFN

[red ninja] 08/11/2005 15:47

There is probably going to be some profit taking.

However, with expected news of more loss making disposals, It could be as Mr Shearlock says "outstanding value" on a one year view.

[theheadchef] 08/11/2005 14:13

It's just like the "nimble" adv.up,up and away................
Can it last?

[red ninja] 08/11/2005 12:56

Well that makes 0.75p up on the day a good 20%+ on yesterdays prices.

The question is can it hold onto these gains.

I wonder if any of this is buying on expectation of news ?

[red ninja] 08/11/2005 10:21

Price still ticking up.

However, the CMX share price has done this before and fallen back.

I guess there are plenty of unhappy shareholders to sell into strength as well as momentum traders in this stock.

[red ninja] 08/11/2005 09:31

Fair enough there are those who are still keen to be gone and CMX will take time to turn around, assuming the management are up to the task.

Some buyers are coming in though even if its just the tipsters who are attracting some bottom fishers.

Indeed a 500k buy just seems to have gone in.

[theheadchef] 08/11/2005 08:19

16:33:10 07-Nov-2005 3.00 500,000 15,000.00 Ordinary Trade Yes Twix!!

[red ninja] 08/11/2005 08:03

Twix,

Price up 0.25p currently are you sure that 500k was a sale ?

[red ninja] 08/11/2005 07:31

Can't see that trade, but I guess there are people in Catalyst who have lost a lot of money and are not prepared to wait for a turnaround.

Still at 3.125 thats a good discount to what the institutions paid and the management appears to be embarked on a stratergy to cut costs, better days hopfully lie ahead.

[twix386] 08/11/2005 06:10

Well someones sold 550k at 3.00p.

[dogsy] 07/11/2005 13:03

The Green Goose says PYM

[red ninja] 07/11/2005 13:03

Well someones bought 250k at 3.22p so looks like the Shearlock tip is bringing in a few punters.

I note from his article that he's talking about a year for the turnaround so it is one for the patient assuming the management can bring it off.

[red ninja] 07/11/2005 10:14

This share looking reasonable value compared with the placing price of 4p in August. The institutions thought it was worth their money at that price. The disposal programme of the loss making businesses appears to be in progress.

Is it worth a punt at 3.125p ? Hopefully.

[red ninja] 07/11/2005 08:29

Catalyst tipped on Friday by Peter Shearlock Small Stock Picks tipsheet :-

Catalyst Media ready for the bounce-back

You may have unpleasant memories of Catalyst Media Group. I tipped it (as Newsplayer) in February last year. Problems over the funding of its acquisition of a 20 per cent stake in Satellite Information Services (SIS), the bookies' TV system, subsequently knocked the shares sideways. Having recommended them at 32p I threw in the towel at 13p when I told readers to cut their losses. They are currently 3.13p, which values the business at £19 million. They are now an outstanding buy.

The deal to buy the SIS stake proved unduly complicated. In the end, a separate company, called Alternateport, had to be set up to buy it. Alternateport was funded by – as I understand it – a hedge fund, which lent around £12 million so that the company could buy the SIS stake. In exchange for stumping up the cash for the stake, the hedge fund has taken a 20 per cent holding in Alternateport, which Catalyst finally took control of in September. Catalyst's holding in SIS is therefore effectively 16 per cent.

SIS pays its shareholders a big dividend every four years. The next one is due in early 2006. It will total some £50 million. Some £10 million of that will find its way into Alternateport, going most of the way to eliminating the company's debt. Meanwhile, SIS looks like making around £25 million profit this year. Catalyst's share of that should be over £3 million net of tax – equivalent to earnings per share of about 0.6p a share.

Catalyst's original business, founded on ownership of historic entertainment and educational media content, is in the distribution of audio-visual content via interactive digital technology. It lost £1.4 million in the half-year to end-April this year but cost cuts and other moves should result in reduced losses in the second half.

More importantly, however, the company is retreating from the services end of the business, where many of its operations (especially in the US) have been losing money. One New York-based media services business was sold recently and I expect more to follow. Catalyst is retaining content and data and will be focusing on making money from royalties and other income, rather than services, in the future. The growth of internet protocol-based television is right up its street.

The clear-out at Catalyst should result in a core business capable of making money again. It will also have an effective 16 per cent stake in SIS, which is currently growing at about 20 per cent a year. Looking a year out, Catalyst could be generating between 0.75p and 1p a share. That would justify a share price three or four times current levels. Catalyst may not be a widows and orphans stock, but it has a lot to offer the more adventurous investor.

[twix386] 04/11/2005 08:11

AndyWRX,

Agree with your view about hanging on (No choice really).

Your earlier post about selling for quartely income and owing a shed load of cash doesn't sound in the best of health though, even if potential of new business is good?

[Abuse team] 04/11/2005 04:01

Post removed by ADVFN

[andywrx] 04/11/2005 00:02

twix, when i bought these I knew of a broker who was tipping these to be £1.00 by the summer. I thought he meant per share rather than my entire holding but you live and learn.

Quick reality check though - this share is substantially undervalued considering the potential of the recent purchase. This has hold / buy written all over it. I am selling everything else before i drop this one.

[twix386] 01/11/2005 11:04

It really make me laugh (read frustrated and annoyed) when a Broker was reported to tip these up to 10p by January.

What the hell was he on!!!

It's been down ever since and with no good news to speak off. That Broker should be shot!!!

[andywrx] 01/11/2005 07:10

selling for quarterly income. Not good. what these people need is cash to pay down their debt. they are going to end up owing the champ car people a shed load of cash because the share price is so dire.

[the_metallian] 31/10/2005 19:40

RNS

31 October 2005

"Catalyst Media Group is pleased to announce that it has completed the sale of
Media Services Acquisition Corporation ('MSAC'), the Company's New York based
media services business, to JSAC LLC. MSAC trades under the name GMS."

[theheadchef] 28/10/2005 13:21

Not good news women and children first?
BUT MAYBE>>>>>>>>>>>>>>>>>>>>>>>>

[treborbob] 28/10/2005 10:29

Rats and sinking ships spring to mind?