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Share Name Share Symbol Market Type Share ISIN Share Description
Catalyst Media Group Plc LSE:CMX London Ordinary Share GB00B282R334 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 51.00 50.00 52.00 51.00 51.00 51.00 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 0.0 -0.6 -2.8 - 11

Catalyst Media Share Discussion Threads

Showing 1276 to 1300 of 1400 messages
Chat Pages: 56  55  54  53  52  51  50  49  48  47  46  45  Older
DateSubjectAuthorDiscuss
08/7/2011
19:34
thank you RN
300sl
08/7/2011
17:58
I'm not sure, from that article it looks like they are not expecting to get the money out of India anymore. The Sunday Times article earlier suggested that companies were covered by "The Export Credit Guarantee scheme" so maybe SIS Live will be able to recover their money from the scheme, but I'd like to see explicit confirmation of that. I've sent an e-mail to the email address given on the Catalyst Media website. I will put the results up here if they reply.
red ninja
08/7/2011
17:46
what about "The Export Credit Guarantee scheme"?
300sl
08/7/2011
16:26
Looks like the oustanding £15 million probably lost and with it this years dividend according to this article:- http://www.broadcastnow.co.uk/technology/sis-live-braced-for-15m-loss-on-india-games/5029372.article "SIS LIVE braced for £15m loss on India Games 30 June, 2011 | By George Bevir SIS LIVE does not believe it will be paid the £15m it is owed for providing outside broadcast facilities at last year's Commonwealth Games in India. The firm has now entered into formal arbitration after a failed attempt earlier this year by British diplomats to recover the money from public service broadcaster Prasar Bharati. David Holdgate, chief executive of SIS LIVE's parent company SIS, told Broadcast the firm had been "caught in the crossfire" of political in-fighting in India. "If we do have to write off £15m, that is about one year's after-tax profit for us. It won't kill us, but it is a blow to the business," he said. "I don't have any faith that we will be paid, but we won't be lessening our efforts to get the money. This is a lesson to those thinking of working in India." "
red ninja
07/7/2011
08:28
I am very disappointed that Catalyst haven't bothered to put out an RNS to clarify what is going on with the SIS contract payment for the Commonwealth Games. Poor show. GAN
ganthorpe
07/7/2011
08:28
I am very disappointed that Catalyst haven't bothered to put out an RNS to clarify what is going on with the SIS contract payment for the Commonwealth Games. Poor show. GAN
ganthorpe
19/6/2011
18:48
Looks like SIS Live received 60 % of its fee up front and is looking for the remaining 40 %, but at £15 million that could have a serious effect on the divi, hopefully the scheme will payout and SIS will not have to action against the Indian authorities to get its dosh. http://www.broadcastnow.co.uk/technology/sis-live-owed-millions-for-commonwealth-games/5021347.article
red ninja
19/6/2011
17:05
thanks! I can wait for the future,nothing changes,it's a very sad situation.
300sl
19/6/2011
16:41
The article did not spell out SIS Lives position as regards "Export Credit Guarantee scheme" exactly. It just states "The companies claim that they have been let down by the Export Credit Guarantee scheme, set up by the government to give British firms more security when investing abroad. The companies caught up in the games fiasco are claiming the system failed to pay out when needed." This implies the UK companies with SIS Live among them should be covered, but as I said does not spell out SIS Live position exactly. Seeing how much Indian companies earn from business in the UK, it is rich of them to treat UK companies so poorley. I'm thinking the short term effect of this could be a hold up in the divi. You couldn't after all pay out a divi when a large chunk of earnings are uncertain although we hopefully should recover this cash at some point in the future.
red ninja
19/6/2011
16:08
thanks for the update RN Is this definitely guaranteed? Thanks
300sl
19/6/2011
15:21
SIS Live, the company formed by SIS when it aquired the outside broadcast arm of the BBC is owed £15 million by the Indian authorities for work it did on the Comonwealth Games in India, this is 9 months after the event. The Export Credit Guarantee scheme should have paid out, but hasn't yet. Vince Cable has been asked to intervene between the Indian authorities and UK companies who are owed money. Source: Sunday Times, page 2 of business news, "Cable dragged into Delhi Games row." Earlier link on the dispute:- http://in.news.yahoo.com/british-high-commissioner-slams-cwg-oc-delay-payment-20110121-023100-221.html
red ninja
24/5/2011
17:43
just noticed the drop.I'll be looking to top up as well, if there is any more of a drop.
mbaxter
24/5/2011
15:16
Iliquid share, no news, markets in retreat that is my take. Last results were good and as far as I know betting shops (ie SIS customers) appear to be doing ok. Anyway picked up 10K at 54.7p as they appear cheap to me, but what do I know...
red ninja
24/5/2011
11:55
Anyone know why the share price is falling like a stone
lplp
16/3/2011
16:36
Yeah 5-6 years sounds ok, but if the betting shops are hard pressed maybe those contracts will be renegociated ... or is that beyond the realm of posibility ? I may add I hold a lot of these so I'm hoping to see a pay off.
red ninja
16/3/2011
16:22
Personally I'd say that having contracts with five and six years to run respectively represents good visibility not uncertainty. Not many companies are in such a position.
deswalker
16/3/2011
16:13
Yeah, I knew they only had a few years on those contracts, I wonder if it was the worry that those contracts might be renegociated at much lower rates that affected the price... I mean betting shops appear to be losing in the battle with the internet gambling.
red ninja
16/3/2011
07:59
From CMX's Interims .... The services to the betting industry are supported in the main by fixed term contracts both with the retail owners of betting shops and with the racecourses that enable pictures to be delivered to those shops. Following the signing of long term rights agreements by SIS with Arena Leisure Plc and Northern Racing Limited, combined with other courses that have subsequently renewed contracts, SIS now holds long term media rights representing in excess of 50% of all UK horse racing fixtures. This ensures the supply of images and data from the coverage of horseracing fixtures at these racecourses until 2016 and 2017 respectively.
deswalker
16/3/2011
00:10
I believe the were trying to sell CMX for £40 million or £1.42 a CMX share, but the brothers would not bite at that price. Despite the buoyant SIS results, I wonder if they were not interested at the £1.42 per share price because of concerns over the long term value of the betting shop contracts. This is tied down by contracts at the moment for the next few yesrs, but the betting shops are a declining force when these contracts come up for renewal could there be problems here ?
red ninja
14/3/2011
14:23
SIS announced a formal divi policy in Aug 07 to pay out at least 50% of retained earnings as divi subject to cashflow constraints. Subsequently SIS paid divis to CMX in Aug 07, Oct 08 and Dec 09, all of which were used to pay off CMX debt. CMX is now virtually debt free hence the capital reduction in Nov 10 to allow for CMX divis. Interims dated Dec 10 said ... As stated above the SIS business continues to perform well and it is expected that dividends will continue to be paid by SIS subject to its cash flow needs for the foreseeable future. On that assumption the remaining borrowings within the CMG group should be eliminated within the next 12 months or possibly sooner, it would then be the intention to utilize free cash flow to make appropriate distributions to our own shareholders. The SIS year end is also 31 March and whilst they haven't restricted themselves to year ends before when declaring divis I'm expecting to see another distribution in 2011. Who knows, perhaps the reason for holding on to cash since Dec 09 is because there is serious discussion amongst all CMX shareholders about how to out the value of the company as a whole. Pure speculation by me but you never know ... Both Ladbrokes and Hills are heavily indebted and must want to divest themselves of a non-core asset I'd have thought. At the right price ofcourse.
deswalker
14/3/2011
13:51
Very positive and well written! But will SIS pay a dividend? Do they have to? I hope so!
300sl
14/3/2011
12:19
Got my finger out and wrote this ... http://boards.fool.co.uk/Message.asp?mid=12208456
deswalker
16/2/2011
17:37
Couple of 90k sells at 70p. Hopefully this share will eventually reward the holders ..
red ninja
23/12/2010
20:25
Trades both the same size (which is a very specific size). Timing of trades implies a rollover. Difference in trade prices imply that it ISN'T a rollover (ie not that close), but maybe close enough.
grahamburn
23/12/2010
19:01
Couple of large trades today :- Time Price Volume Block Price Bid Ask B/S Type 15:08:50 85p 68,090 £57,876 80p 85p BUY O 15:08:32 84.5p 68,090 £57,536 80p 85p BUY O
red ninja
Chat Pages: 56  55  54  53  52  51  50  49  48  47  46  45  Older
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