Well this one has turned out a great investment for those that kept the faith. Unfortunately I’ve been in and out too much to make those gain. GLAH |
120? Any reason ? |
Forgot about these 120? Any reason ? |
Ah ex divi day. |
Where's the news? Dropped 50 percent? |
Sold half today.
Anybody think these are worth holding for long term ? |
Well that’s the news I was waiting for 😂. 58p dividend 👍 |
Was worth the wait !
Great news |
And me !!!!😂 |
Big jump today, looks like good news may be round the corner concerning SIS takeover.
I may be the only small shareholder to see it though. |
Price up a touch, is this a good omen for a SIS Live sale ? |
 No news is good news ?
Will this general disappointment, give us something to cheer for a change.
Anybody else still holding ?
However, it's over a month since the last update below :-
23 May 2018
Catalyst Media Group plc
("CMG" or the "Company")
Update regarding SIS
The Company provides the following update in respect of Sports Information Services (Holdings) Limited ("SIS") in which CMG has an approximate 20.54% interest.
SIS notes the announcement by the Department for Digital, Culture, Media and Sport on the Triennial Review and the reduction of the maximum stake for fixed odds betting terminals to £2 and the resulting commentary from the UK betting industry.
SIS recognises that the change will affect the UK retail market which it serves. At this early stage neither the implementation date nor the resulting impact on the UK betting market is known and therefore, SIS is not able to fully assess the impact on its own business of this change. However, SIS is still exposed to a potential material decline in the UK retail market through a resulting reduction in the number of UK betting shops.
The new media rights contracts that SIS has been entering into with UK and Irish racecourses will though partially mitigate the impact of the change on SIS's business, along with other mitigating actions that are being and could be implemented by SIS. SIS's strategy to accelerate international and online expansion, is further supported by the change.
As previously announced, SIS has received approaches for SIS Live and SIS confirms that these continue to be considered and may result in the sale of SIS Live, with any net proceeds from such a sale expected to be returned to SIS shareholders. However, there is no certainty that such discussions will result in the disposal of SIS Live. |
NAV up again
Net Asset value per share 120.9p (2016: 98.1p) |
Interims as expected but NAV up to 106p |
Trading update as expected, no dividend but the cash is being used to repurchase 3.7mm shares though they won't buy above 75p... |
Nice repurchase of 400k shares at 70p and cancellation of 1mm treasury shares...no mention of a dividend payment though.. |
Oh, that's news to me, I must mention that to him next time we speak. All credit to SIS who've managed to steer through the last year or so. |
I seem to remember Des Walker being very keen on this company but that’s a couple of years ago now.. |
I suppose many won't buy now given the mm's have increased the spread to 8p |
Yes that's been the case since the change in the sector, we still have a holding well below NAV at 98p in any sale scenario. Worth buying / holding imv |
True but they say dividends going forward will be a lot less as the new contracts are a lot less profitable |
They could pay a 15p dividend but even 10p would be great. |
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