Catalyst Media Share Discussion Threads

[morgs] 21/3/2007 08:24

I got the shock of my life yesterday when my broker (ODL) sent out the corporate action advice, except they got the decimal point in the wrong place. The missus nearly killed me thinking I had to stump up £20k not £2k!

[bsg] 15/3/2007 19:14

If people are selling their existing shares and buying the placing shares there could be a rather large overhang !

[bsg] 14/3/2007 13:03

Is there any chance this placing will not occur ?

[grahamburn] 13/3/2007 09:47

I raised the query a couple of months back about where the "super" dividend from SIS had gone, but no one responded.

Having skimmed through the open offer document last night, I am none the wiser.

I fully accept that SIS may have decided in their wisdom to pay a dividend on an annual basis IN THE FUTURE. However, what has happened to the dividends which were technically due for the last four years. Its payment (or more importantly receipt by CMG) would make an enormous difference to the figures currently being bandied about.

Anyone have any ideas or suggestions on eliciting a response from CMG or SIS?

[long by name long by nature] 12/3/2007 22:37

Nothing to add, save for if The Bonus King (Bet Fred) can buy his stake on a valuation for SIS of £113m, then how do management justify this proposal - if taht is the value of SIS then this proposal reduces shareholder value, not improves it. They should clearly state what value they place on SIS. This is critical, and important for us all to make a clear investment decision on the options (1) support placing (2) let 10% stake fall away (3) some thing else. If management tell us that this is in shareholders interests then they need to tell us their valuation of SIS- as they must have one, otherwise how can they tell us it is in shareholder's interests?

[bsg] 12/3/2007 15:51

Is this just a rouse to get peeps to take up the offer ?

[morgs] 12/3/2007 15:34

Humm, not very impressed. I am not sure what to say anymore.

[mr tyson] 12/3/2007 14:15

What a dreadful state of affairs looking to reach my price target of 0p in weeks now!

[theheadchef] 12/3/2007 09:09

Back up to 2p maybe Ivor?

[ivor whopper] 12/3/2007 08:52

change the header guys, hehe

[twix386] 12/3/2007 08:27

What a shambles.

The Professor helped to persuade people to continue and should apologise as with his own losses he has assisted in many more loosing thousands.

The board should be sacked for gross mismanagement!

[nickcduk] 12/3/2007 08:18

Well and truly shafted. If someone gets hold of where to address complaints at the FSA please post the details. Ive brought solely based on their 1p placing price statement and the argument that market conditions have meant that only 0.5p is possible simply doesn't wash. They were misleading statements for which the directors and advisors should be held accountable for.

[mbaxter] 12/3/2007 07:56

Agreeable - good call. Ho hum, what to do...

[long by name long by nature] 08/3/2007 16:31

agreeable - who told you this please. If this is true, then suggest that you ask the FD or Chairman in writing to advise why they feel it is in the shareholders interests not to accept.

[nickcduk] 08/3/2007 15:52

Reporting the company to the authorities isnt a good idea agreeable. Someone did that to the FSA about Adamind and a proposed 43p takeover fell through. They are now being investigated and will probably end up getting fined. That fine will be paid from ADA shareholders pockets. It really is perverse justice.

[agreeable] 08/3/2007 15:45

I am told directors were offered an option of underwriting at 1p yesterday and they turned their backs on it.
I am writing to Takeover Panel today to say that i believe there is evidence of a concert oparty arrangement in this company, aided by Directors, and there should be a mandatory offer as part of the refinancing
In the meantime my request for DTI investigation re the adequacy of information disclosed re the Investec loan is ongoing

[long by name long by nature] 08/3/2007 14:32

what do you expect with this management team. Read my earlier posts as to where I thought we would end up - i.e. current management not strong and 0.5p issue - FT covers it today, but then again, FT said 5p bid earlier this year!

[theheadchef] 08/3/2007 09:42

bsg Is that a sea cow..........something fishy.....!

[bsg] 08/3/2007 08:53

If SIS stake isn't the cash cow they expected why not let half of it go to pay off the debt.

[agreeable] 08/3/2007 08:27

i hear a whisper that we are being set up by management. Expect news of a fundraising at 0.5p.
Even though they have received offers of underwriting at 1p they choose to do what the two big shareholders ask, dilute the rest of us to hell and a handbasket.
Now is the time for a class action, the FSA, Stock Exchange etc have to be asked whether this company is capable of running itself for the benefit of all shareholders.
Meanwhile Frosty sits there looking to take more money out for delivering abject value.
This is what gives public companies a bad name

[long by name long by nature] 05/3/2007 16:10

I agree - clearly not raising money through equity - as EGM required and no time for that now.