Catalyst Media Share Discussion Threads

[red ninja] 28/3/2013 16:06

LPLP.

I have checked my paper records dated 25th October 2007,
100 to 1 consolidation as stated previously.

Red

[morgs] 28/3/2013 11:13

It was 100:1 I like yourself stuck this in a draw.

[lplp] 19/3/2013 08:22

Thanks Red - would appreciate it if you could check your records when you have some time :)

[red ninja] 18/3/2013 15:46

100 to 1, September - October 2007 according to this link, not sure if that is correct exactly, but not at home so cannot check paper records

[lplp] 18/3/2013 13:24

Hi Guys,
I have held these for a long time since end 2005. I remember buying 100,000 @ 4p a share and then all the way down.
I took such a bath that I chose to forget about them
For every 100,000 shares back then how many do I have now with all the corportae activity that went on?
Sorry to be a pain - can anyone advise please?
Thanks

[red ninja] 14/3/2013 20:56

Clear £16m CWG dues, UK govt tells India
Ashis Ray, TNN & Agencies Aug 10, 2012, 05.56AM IST

Dr Manmohan Singh|David Cameron|Commonwealth Games
LONDON: Prime Minister David Cameron has written to his Indian counterpart, Dr Manmohan Singh, to facilitate the release of payment due to British firms for services rendered during the 2010 Commonwealth Games in New Delhi, according to UK minister David Willets.

The government of India owes £16 million to Satellite Information Services or SIS - an organization that designs , constructs and operates mobile TV studios to cover mega sporting events - for the 2010 Commonwealth Games. SIS has designed, constructed and is operating a live mobile TV studio to deliver coverage of the ongoing London Olympics.

[red ninja] 01/3/2013 19:13

I'm sure we would have heard if SIS had received the India money approx £5 million.

They said they would pursue it, but wether they will ever recieve it has to be doubted.

[stluke] 01/3/2013 11:39

Not sure about India money as you don't get much info from company due to not being a PLC, last results to 31/03/12 have reference to it but guess we will have to wait until 31/03/13 results are released for an update.

CMX is basically 20.54% of SIS, obviously a discount has to be applied for its private limited status but basing CMX market cap of £28m (20.54%) that values SIS at approx £136.5m, now consider their last results to 31/03/12 show turnover of £245m and PTP of £25m I would say CMX is undervalued if they was to go to market to float.

[thenryspurs] 01/3/2013 08:19

did SIS ever get the money from India, or what's the latest?

[stluke] 01/3/2013 07:59

Nice, interim dividend to be paid 7p per share, it seems SIS are doing particulary well which will need to be reflected here in the 20.54% holding CMX have.

[jamielein] 17/2/2013 12:19

Large sell of 20k shares on Friday at 94p. Price hasn't moved though.

[red ninja] 10/12/2012 15:58

Henderson Global appear to be accumulating ...

[bubbleandleek] 06/9/2012 07:59

Very good results.....Timeweave approach helps as well

[deswalker] 06/9/2012 07:05

Great results ...

[deswalker] 10/8/2012 13:14

Hopefully we're getting closer to SIS getting its £16m back from the Indian Government ....

[red ninja] 06/7/2012 15:09

Agreed hopefully CMX will become a dividend cash cow.

However, I've had a lot of disapointment with CMX so like the market I'm not getting too excited.

[greasynut] 06/7/2012 13:40

I've been watching the share price rise over the last week or so. Sure enough, a 7p dividend announced today.

I got in here about 2 years too early, but looks like the strategy is about to start paying off:-)

[deswalker] 30/3/2012 07:15

Excellent Interims here today. SIS is flying and has even started paying interim dividends.

[grahamburn] 23/12/2011 14:32

DesWalker

I did in fact answer my own question about Treasury vs Cancellation. If further buybacks are contemplated with the the balance of funds available this year, then cancelling all in one hit would make sense.

Similarly, if there is a weak holder out there wanting out (as it would appear there is), then clearing an overhang through a direct deal would also make sense.

However, a dividend of 2p per share this year would probably have been more appreciated by most shareholders, rather than a fractional increase in a future year's dividend which arose due to 1.5/1.75% (or even perhaps 4%) fewer shares as a result of the buyback(s).

[deswalker] 23/12/2011 13:46

grahamburn

IMO buying back 1.75% of the share capital so cheaply is a very good deal and is hardly an insignificant percentage. There was clearly a determined and/or desperate seller out there and so hopefully this has cleared a big overhang.

Putting them in Treasury rather than cancellation is standard practice these days. They can buy up to 10% into Treasury and then cancel in one go which is easier to administer than multiple cancellations.

IMO clearly the eventual endgame with this share is a sale or IPO of SIS. Picking off decent slugs of such low-hanging shares whilst we wait would seem very sensible to me. It doesn't preclude eventual dividend payments to CMX shareholders but perhaps they've decided that it is not worth it this year with only £1.438 mill to CMX from SIS (less than in the past due to CMW games issues) and the final slug of liabilities to settle. That doesn't mean to say that we might not get much larger and worthwhile dividends in due course.

I'm not saying they should be buying back shares at the same levels that ordinary CMX shareholders could get hold of them following a dividend payment, in which case dividends should be paid to give shareholders the option, but if they are aware of large lines of stock holding the share price back and that can be negotiated for a large discount then I'm happy that they do this whilst the share price is so depressed.

Des

[grahamburn] 23/12/2011 13:17

So is this share buyback an indication of the Board's plan - namely to use the excess funds from the SIS dividend (after repaying the £650k loan) to reduce the shares in issue? Today's deal only represents 1.5% (approx) of the shares in issue, so not much of an impact on total shares even if the remaining £500k odd is used for share buybacks. Also note that the shares purchased are being held in Treasury rather than cancelled. Wonder why?

Not sure this will benefit shareholders that much - think a 2 or 3p dividend would have been preferable.

The other point of interest is that the price paid today is some 15% BELOW the market price, so, on that basis DesWalker, you're right to say it's "a very good deal", but until we know the Board's policy, think I'll withhold judgement.

[deswalker] 23/12/2011 12:23

Well we've just spent £250k of the SIS dividend on 490k CMX shares at 51p each. Looks a very good deal to me.

The current SIS dividend plus the CMX buyback would seem to strongly indicate that SIS has decided on organic growth rather than major acquisition as they were considering. This is a big relief and a smart move in the current environment.

The Reuben Bros need to decide whether to bid for ARE before 30 Dec. I suspect they will not and now that it seems CMX intend to stick to their knitting too I wouldn't be surprised to see ARE's shares fall in the coming couple of weeks.

I've just bought into TMW giving me exposure to the performance on AMRAC aka TurfTv.

[deswalker] 20/12/2011 13:56

Following the comments in recent RNS's about suspending dividends until a decision on a large acquisition has been made (Arena Leisure ?) the decision to pay a £7 mill dividend would seem indicate that this is no longer likely. Consequently it looks like CMX can expect to receive SIS dividends around this time each year going forward and these will then filter on down to CMX shareholders. I for one will be very relieved if they decide not to embark on some ambitious acquisition but simply stick to their knitting on the horseracing front whilst developing SIS Live. IMO SIS is made for a Private Equity house to come in and take it over in entirety and then look to float it in a few years when equity markets settle down a bit.

[mbolland] 20/12/2011 09:50

What will the do with all the lovely dosh?