Catalyst Media Share Discussion Threads

[battlebus2] 25/2/2023 21:08

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

[theheadchef] 23/11/2022 11:39

120? Any reason ?

[theheadchef] 23/11/2022 11:37

Forgot about these 120? Any reason ?

[babbler] 08/11/2018 08:36

Ah ex divi day.

[babbler] 08/11/2018 08:35

Where's the news? Dropped 50 percent?

[red ninja] 10/10/2018 21:59

Sold half today.

Anybody think these are worth holding for long term ?

[battlebus2] 09/10/2018 17:16

Well that’s the news I was waiting for 😂. 58p dividend 👍

[theheadchef] 09/10/2018 15:23

Was worth the wait !

Great news

[battlebus2] 04/9/2018 12:16

And me !!!!😂

[red ninja] 04/9/2018 11:12

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.

[red ninja] 17/8/2018 04:47

Price up a touch, is this a good omen for a SIS Live sale ?

[red ninja] 30/6/2018 16:21

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.

[red ninja] 12/12/2017 12:47

NAV up again

Net Asset value per share 120.9p (2016: 98.1p)

[battlebus2] 30/3/2017 06:35

Interims as expected but NAV up to 106p

[battlebus2] 14/10/2016 15:15

Trading update as expected, no dividend but the cash is being used to repurchase 3.7mm shares though they won't buy above 75p...

[battlebus2] 04/10/2016 07:07

Nice repurchase of 400k shares at 70p and cancellation of 1mm treasury shares...no mention of a dividend payment though..

[battlebus2] 30/7/2016 07:15

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.

[playful] 29/7/2016 23:05

I seem to remember Des Walker being very keen on this company but that’s a couple of years ago now..

[battlebus2] 29/7/2016 14:19

I suppose many won't buy now given the mm's have increased the spread to 8p

[battlebus2] 29/7/2016 13:11

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

[wjccghcc] 29/7/2016 13:05

True but they say dividends going forward will be a lot less as the new contracts are a lot less profitable

[battlebus2] 29/7/2016 09:47

They could pay a 15p dividend but even 10p would be great.