Catalyst Media Share Discussion Threads

[mrkeysersoze] 03/2/2006 18:42

MM`s must have an order to fill again. Look at the volume today 350k sells V 300k buys & down 10% Mmmmmmm really.

Mr K

[mrkeysersoze] 03/2/2006 18:40

Ninja

You mean the 2.5p top up range.

Mr K.

[red ninja] 03/2/2006 14:17

Looks like we're back in a 2.5p - 4.5p trading yo-yo.

Can't see that really changing untill SIS dividend announced in Autumn.

[red ninja] 03/2/2006 14:17

Looks like we're back in a 2.5p - 4.5p trading yo-yo.

Can't see that really changing untill SIS dividend announced in Autumn.

[the_metallian] 01/2/2006 17:05

Someone still dribbling out stock. Bounce must have been the institution buying in.

[red ninja] 01/2/2006 09:57

Mr K,

The future appears bright, we may have to wear shades, if the interims are correct.

Still looks to me as if we are going to have to be patient for the Autumn
SIS dividend though.

Red

[mrkeysersoze] 01/2/2006 07:27

Red Ninja,

Well spotted I had missed that late released RNS there have been a few released at around this time. It seems we have another Institution interested makes me all the more happy to be holding.

Mr K.

[red ninja] 31/1/2006 23:19

Canada Life buy some :-


Catalyst Media Group PLC
31 January 2006




Catalyst Media Group plc
('Catalyst' or 'the Company')

Holding in Company

Catalyst was notified today that, following the purchase of 1,750,000 ordinary
shares of 1p each in the Company ('Ordinary Shares') on 30 January 2005 at a
price of 3.3214 pence per share, Canada Life Group is now interested in
31,750,000 Ordinary Shares, representing 5.06% of the issued ordinary share
capital of the Company.

The beneficial owners of the Ordinary Shares are as follows:

Number of
Ordinary Shares
held

Canada Life Limited 16,055,975
CF Canlife Unit Trusts (managed by CFM) 15,694,025
----------------
Total 31,750,000
----------------

[the_metallian] 30/1/2006 21:42

Missed the top up at sub 3p. Not sure there still isn't a seller about looking at the trades. Holding for now.

[red ninja] 30/1/2006 09:54

The future position satements are sounding very positive, but the cash level is looking a bit low at £600k (if I've read the correct figure). Hopefully that will be enough given the SIS dividend being paid in Autumn.

Still if the company lives up to its current promise the EVO target of 8p should be possible within a year - 18 months.

[morgs] 30/1/2006 09:24

This is why >

Interim Results

RNS Number:6078X
Catalyst Media Group PLC
30 January 2006


30 January 2006


CATALYST MEDIA GROUP PLC
(CMG or the Company)

UNAUDITED SECOND INTERIM RESULTS FOR THE TWELVE MONTHS ENDED 31 OCTOBER 2005

Catalyst Media Group plc, the media company, today announces its unaudited
second interim results for the 12 months ended 31 October 2005.


OVERVIEW

CMG is a media company that manages and distributes high quality audio-visual
content using interactive digital technology. Through its associated companies,
CMG provides services to support clients online strategies and is a partner for
media companies in the digitalisation and distribution of broadcast content and
interactive programme creation. CMG supports corporations enabling them to use
streaming and download distribution to support communication with customers,
investors and employees. CMG is also a rights holder on its own account
specialising in historic entertainment and educational content, generating
revenues from the licensing of content globally to third parties, from consumer
subscriptions, pay-per-view fees and from advertising revenue.

CMG also owns a 17.6% stake in Satellite Information Services (Holdings) Limited
(SIS), the leading producer of sports content in the UK, providing over 9,700
bookmakers with live television pictures, data display systems and other
broadcast services.

OPERATIONAL HIGHLIGHTS

In September 2005 CMG completed the acquisition of a 20% stake in SIS through
the acquisition of Alternateport Ltd from United Business Media plc (the
Acquisition) for #23 million in cash. The Acquisition was made through CMG's
subsidiary, Catalyst Media Holdings Ltd (CMH), which is owned 80% by CMG and 20%
by Eureka Interactive Fund Limited (Eureka). At the time of the Acquisition
Alternateport owned 20% of SIS, giving CMG an effective 16% interest in SIS.

In November 2005 SIS 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 increased from 16% to 17.6% at no cost to CMG.

In December 2005 SIS paid an interim dividend of #10 million. CMH's share of
this dividend was #2.2 million which was applied to the early reduction of debt
which was raised to part finance the Acquisition.

The Acquisition was partly financed by the issuance of secured deep discounted
Bonds to Eureka for a subscription of #11.75 million. Whilst the Bonds have a
nominal value on maturity of #16.7 million they may be redeemed at any time at a
deep discount which equates to an interest rate of 10% per annum. Consequently,
following application of the funds from this dividend, the outstanding balance
was reduced from #12.1 million, including accrued interest, to #9.9 million.

SIS has, in the recent past, had a policy of declaring a substantial dividend
every four years. The Directors of CMG expect the next dividend in line with
this policy to be declared before the end of 2006.

Since the completion of the Acquisition, 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 Global Media
Services (GMS), the New York based media services business, was sold to
management in October 2005. As consideration CMG will receive 15 per cent. of
the gross revenues of the holding company of GMS from 1 January 2006 to 31
December 2010. In addition BPI, the wholly owned New York based television
production company, entered into a joint venture with PowPix Productions who
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 #50,000
from #1.1 million. CMG is currently in discussions with a number of interested
parties with regard to the disposal of its remaining US subsidiary, NPG Inc.,
which operates the world's leading stock footage portal, Footage.net.

In the UK a comprehensive re-structuring was implemented which has reduced
overheads by a further #500,000 annually. Consequently the Group now employs a
total of 6 people worldwide. The cost of the Group restructuring amounted to
#1.1m, which will be included in the results for the period ending 31 March
2006. Despite the significant reduction on the Groups cash resources and
notwithstanding the 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.I am
pleased to report that the Group is now profitable at the EBITDA level on a
monthly basis.


FINANCIAL RESULTS

CMG recorded a loss for the twelve month period ended 31 October 2005 of #7.3
million (EBITDA: loss #2.3million) compared to a loss of #5.4 million (EBITDA:
loss #4.7 million) for the equivalent period in 2004. The loss being reported
for this period includes the goodwill write off in respect of GMS and BPI of
#4.1million. Net assets increased to #11.6 million at the end of the period from
#0.1 million in the prior year, primarily as a result of the acquisition of SIS.
No dividend has been paid or is proposed.

For the financial year ended 31 March 2005 SIS generated revenue of #117.7
million (2004: #110.4 million) and profit before tax of #17.1million (2004:
#14.9million). For the 12 months ended 31 October 2005 under Associate
accounting rules CMG recorded a two month net contribution from SIS of #500,000.

CHANGE OF YEAR END

Following completion of the SIS acquisition, the current financial year of CMG
was extended to 31 March 2006. CMG will publish its audited results for the
seventeen month period ending 31 March 2006 by 30 September 2006.

OUTLOOK

The acquisition of a significant stake in SIS is a very positive development for
the Group which, combined with the subsequent extensive re-structuring, offers
excellent prospects for the future. The outstanding debt in respect of this
investment should be substantially reduced over the next 12 months from the
dividends which the Directors expect to be paid. This will result in both a
significant increase in net assets of the Group and in its future earnings.

Paul Duffen

Chief Executive Officer


Enquiries:
Paul Duffen, Chief Executive
Catalyst Media Group plc
[phone]

[lplp] 30/1/2006 09:16

Talk about a strong bounce from the lows! I wasn't quick enough to top up, pitty.

[red ninja] 27/1/2006 22:37

Yesterday CMX seemed to be going down the plughole.

Today back in profit again.

[red ninja] 26/1/2006 20:24

Mr K,

I was tempted to buy another 100k at 2.85p, but I'm already holding a fair few and this share may only start to move next Autumn if the SIS dividend news is as expected. Thus bought something else instead.

Hopefully, CMX will hold at this level and higher if it starts testing some lower lows might just have to buy a few more.

Red

[red ninja] 26/1/2006 20:19

LPLP,

The EVO not expects a SIS £45 million payout next autumn, Alternatesport share should be £9 million, see the EVO note accessible from
under investor relations.

Red

[mrkeysersoze] 26/1/2006 15:38

Red Ninja,

There goes my plan out of the window for the time being no more cheap buys for now lets hope we stay at these levels and + .

Mr K.

[lplp] 26/1/2006 12:31

It fell on thin volume over the last few days so when the buyers appear it doesnt take much to get it moving. Maybe the market makers were shaking the tree to get some stock?
Its all about the SIS dividend, if £35m+ gets paid out in 2006 then the shares should conservatively be at 7p. The sooner in 2006 the better in order to save me money in heart burn tablets!

[bsg] 26/1/2006 11:55

Last time it shot up like this was some institution dumping, lets hope its not this time.

[red ninja] 26/1/2006 11:30

EVO say that at 4p they estimate 2006 earnings were 6x so at 3p we are talking of estimated 4x multiple.

£9 million that Alternatesport gets should largely wipe out the debt for the aquistition of the SIS stake. This is estimated/predicted, but not guaranteed.

I would not be suprised to see share price in 8 - 10p range in 12 - 18 months time.

[lplp] 26/1/2006 10:55

Red, If you are right then the stock is hugely undervalued.

[red ninja] 26/1/2006 10:06

Rang up CMX and talked to someone in finnace.

Asked abuut SIS dividend, she said it is expected in Qrt 3 and it is expected to be around 45 million (based on analysis of previous years figures).

Altenatesport should get around £9million if thats the case as expected.

Thus looks like patience is required.

[red ninja] 26/1/2006 08:54

Mr K,

I've not seen anything which doesn't make me think this company's prospects are looking up, so I will continue to hold and maybe top up if cheaper prices come.

I'd be glad if SIS dividend becomes clearer sooner, but am currently expecting it in Autumn sometime (based on EVO note) although accept there is no certainty of timing.

I wonder if the company could pay off the Venture Capital loan it used to aquire SIS stake by getting a bank loan, now it is looking in better health, that would de-risk the situatiuon ?

Red

[mrkeysersoze] 25/1/2006 22:32

Red Ninja,

Waiting on the sidelines for another top up courtesy of EME. News of SIS dividend should not be too far away imho.Then this price will look cheap keep the faith im just going to keep buying on weakness and looking long term 12-24 months.

Mr K.

[red ninja] 25/1/2006 13:46

Well looks like some pretty keen buying at 2.87,
just suprised the MMs dropped bid to 2.5p, but
then again they like to play with us.

[bsg] 25/1/2006 13:38

Can't get them at 2.87p any more, now at 3p ?