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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 1351 to 1374 of 1400 messages
Chat Pages: 56  55  54  53  52  51  50  49  48  47  46  45  Older
DateSubjectAuthorDiscuss
04/5/2016
08:46
A tick up today on a couple of small buys.
battlebus2
30/3/2016
08:53
Results as expected given that we already knew the results from SIS previously. SIS improving cash flow so I do expect a dividend soon and our valuation is still 25 million. IMV we will see a sale at some point.
battlebus2
29/3/2016
08:22
I've been buying a few of these (very tightly held and illiquid) after the news earlier this month by SIS of a renewed contract through to 2018 with the Horse Racing Ireland HRI. Book value of the business is stated at 25 million so still 25%+ if they decide to sell before other contracts come up for renewal in and around 2018. SIS may also decide to pay a chunky dividend at some point. There are changes afoot in the industry so maybe time to realise some value sooner rather than later imv. DYOR ETC..
battlebus2
29/3/2016
08:15
Catalyst Media Group holds a 20% stake in SIS Satellite Information Services(Holdings) It provides specialised broadcast solutions-4k, HD, satellite uplinks,streaming, satellite internet and fibre services through it's SIS LIVE division. In the UK SIS provides live racing coverage-videoaudio commentary and betting information and all the bookmakers data streams. I've been buying a few of these, current NAV 98p.
battlebus2
18/12/2014
17:00
2.7 million shares bought in, some from a related party. A second transaction of 2.3 million not yet accounted for. Not sure how I feel about insiders selling back to the company, especially when it is, arguably, heavily undervalued (IMO). Seems like they would rather buy back shares that pay a dividend at the moment.
greasynut
18/12/2014
14:02
A few million quids worth of shares appears to have changed hands yesterday @ 45p. No effect on the share price @ 54-57 quoted. CMX bought back some shares from a 'willing seller' earlier this year, but I don't think they have enough cash on the balance sheet to cover all of this. Something afoot?
greasynut
16/12/2013
20:53
The discount is pretty much non existent if you use the Caledonia Investments valuation. I would probably choose the latter valuation given their heritage and, no doubt, better (or at least more prudent) valuation methodologies. Caledonia are a long, well established and very successful investment trust. Catalyst Media are a shell company with no other investments.
topvest
16/12/2013
12:35
CMX have reduced the fair value of their holding by 20.1% from £36.1M to £28.6M. In so doing they have reduced the equity premium of their holding by 33%. (ie. The ratio of the CMX share of SIS net equity to the CMX accounts BV. In effect the PBV for CMX on their holding has declined from 2.7 to 1.8). Of course, this is in advance of the actual SIS writedowns which will mainly materialise in the accounts to March 2014. It will be interesting to see whether the actual SIS writedowns are as severe as this and how they are split between cash/non-cash. In turn, that will dictate how much cash is available for dividends. I am still hopeful that they will pay a divi for the year ending March 2013. At 78p the company trades at a 25% discount to their new 'fair value' of the SIS holding. On a look through basis, this works out to a trailing PE of 4.4 for SIS. The writedowns will make the (one year) forward PE higher, but by how much?
greasynut
14/12/2013
18:13
Also, there is no mention of SIS difficulties in the Caledonia interims. They have only written-down the investment slightly which indicates that they may have had this all priced in the earlier valuation - i.e. BBC contract was due to expire anyway. Also, Caledonia do mention that 2 of their unquoted portfolio are up for sale. There are only Cobehold, Choice Care (just bought), Oval, Sterling, Sloane Club, TGE Marine, Bowers and Wilkins (recent buy), SIS, Latshaw Group (recent buy), Amber Chemicals and Buckingham Gate that are material. I think that one of the realisations is likely to be Oval so must be a bit of a chance that SIS is one of those that are up for sale.
topvest
14/12/2013
17:56
There is an interesting valuation anomaly between how Caledonia Investments and Catalyst Media value SIS: Unless I'm missing something: Caledonia hold 22.5% - valued at £26.5m (31 Mar 13 valuation - £28.5m) Values SIS at £118m Catalyst Media hold 20.5% - valued at £28m (31 Mar 13 valuation - £35m) Values SIS at £137m. Implies that the Catalyst valuation is 16% higher, but was even more than that at 31 March. Interesting! Who is correct?
topvest
19/11/2013
09:40
Somewhat technical and specialised, but an example of SIS's strength as a business going forward: http://www.tvz.tv/?c=messages&s=more&id=15317
grahamburn
31/10/2013
23:10
I agree about the markets disliking uncertainty but this has been sold off to levels approximately 35% below the pre-announcement trading price. Either that is too much or I have underestimated the implications of last week's statement on the business going forward. A seller is providing decent liquidity on the offer so I'm using this as an opportunity to top up. The fact that he is moving his offer down so quickly suggests to me that he just wants to get out quickly irrespective of price rather than making a value based selling decision. Anyone want to have a guess at the total costs of closing down the OB division?
molrey
31/10/2013
15:22
The price is being adversely affected by doubts over the size of dividend from SIS this year and next and even a possible waiving of the dividend payment. The market hates uncertainty and, as of now, the 14% yield may, temporarily vanish. Once the situation is clarified it will be easier to place a market value on the stock - one way or the other! My own guess is that the one-off closure costs of the Outside Broadcasting Division will lead to a reduction in the dividend, but not a total wipe out. But that is purely a guess rather being based on any specific evidence.
grahamburn
31/10/2013
14:09
Seems to be a seller here. Can currently buy at 73.95 which gives us a market cap of circa £20.4m vs circa £30m revised NAV (In my opinion). Fall looks a bit overdone to me so have bought some more this morning.
molrey
24/10/2013
18:57
what was the outcome of the commonwealth games £?
thenryspurs
24/10/2013
10:00
Agreed topvest. I was planning on topping up, now glad I didn't press the button yesterday.
steve695
23/10/2013
20:19
Bit of an oddly worded RNS i thought. If it doesn't have a material impact on the core business, then why the expected write-down and why the dividend policy review? Looks like they have tried to dress up some very bad news as best they can, but doesn't really make sense.
topvest
23/10/2013
16:23
not the best news, but it will find a level
thenryspurs
23/10/2013
15:29
Didn't see the BBC closeure and end of outside broadcast division coming. Oh dear CMX another disaster ...
red ninja
30/8/2013
13:16
Edwards Securities Ltd have increased holding from 3 -> 4% at least someone is accumulating.
red ninja
02/4/2013
16:38
Thanks guys - still a way to go yet!
lplp
28/3/2013
16:06
LPLP. I have checked my paper records dated 25th October 2007, 100 to 1 consolidation as stated previously. Red
red ninja
28/3/2013
11:13
It was 100:1 I like yourself stuck this in a draw.
morgs
19/3/2013
08:22
Thanks Red - would appreciate it if you could check your records when you have some time :)
lplp
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