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 Shares Traded Last Trade
  0.00 0.0% 54.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
52.00 57.00 54.50 54.50 54.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 0.03 -0.61 -2.80 12
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 54.50 GBX

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Date Time Title Posts
09/10/201818:16Catalyst Media Group20

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Catalyst Media Daily Update: Catalyst Media Group Plc is listed in the Media sector of the London Stock Exchange with ticker CMX. The last closing price for Catalyst Media was 54.50p.
Catalyst Media Group Plc has a 4 week average price of 54.50p and a 12 week average price of 53.50p.
The 1 year high share price is 82.50p while the 1 year low share price is currently 51p.
There are currently 21,507,657 shares in issue and the average daily traded volume is 1,792 shares. The market capitalisation of Catalyst Media Group Plc is £11,721,673.07.
greasynut: 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: 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: 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:-)
grahamburn: Results as expected based on the last statement in October. Apart from the ongoing issue with non-payment by the organisers of the Commonwealth Games in India which has affected SIS's profit, I see (near the end) that SIS are considering major expansion/investment in the next couple of years. If these proceed, SIS will be suspending the dividend payments to Catalyst until the end of 2013. This would mean that Catalyst won't be able to clear its own outstanding debts and then proceed to pay dividends itself until 2014, and it will have to refinance the debt until then. Fortunately, it's not a large sum, but without income there might be a few issues in this regard. However, SIS should be more profitable by then, so the dividend should be larger. In effect, any increase in the Catalyst share price will probably be delayed for quite some time and the likelihood of a takeover the company has also reduced.
deswalker: Reyner - it sounds like you'd be happier chasing more liquid stuff than this. These sort of shares are very tightly held hence the lack of website info and will show their value either through dividends or an agreed takeover from out of the blue. The online game is a complete distraction as I'm sure you realise. It may even be a necessary evil from a Company Law perspective. The entire reason for holding/buying this share is because one thinks that the CMX share price implies a very low SIS price and that this strategic stake in SIS will be sold in due course with 75% of the CMX shares agreeing to a deal before the rest of us even hear about it. In the meantime and over the medium term it should at least wash its face in dividends.
red ninja: 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 ?
grahamburn: Results statement out (well after close of play!) implies that there could well be a dividend payable next year (guess it could represent a 4 to 6% yield based on current price and the profits declared today assuming these are maintained from their SIS holding next year), though there's also a reference to some other type of distribution to shareholders. Might encourage the share price in the next few months.
mbaxter: theheadchef - the end looks like a bit fat cash cow with no debt, relatively few staff, reasonable overheads and regular big fat dividend payments to long suffering shareholders. No rubbish investments in rubbish websites, no rubbish deals to borrow money at rubbish rates. A clean, lean, dividend machine. IMHO it shouldn't require a hoard of fat cats to manage the process of receiving a dividend cheque from SIS, paying it into the bank and then divvying up the majority of it to shareholders. At some point hopefully someone will make a massive offer for SIS, which will cause a massive jump in the CMX share price and we can all move on.
lplp: I can't believe that the CMX share price is so low, if Investec did not know that the dividend from SIS was imminent and large then there is no way they would lend CMX the cash. CMX by taking up the option to buy the remaining SIS stake are valuing the stake that they own at circa 25m. If the divi from SIS is large which Investec must think will be large then CMX will be virtually debt free with a market cap at current share price of only circa 16m and 22% of SIS which is a cash cow. Either the board of CMX are barking or the share price is too low! Is there something that I don't know?
red ninja: Price still ticking up. However, the CMX share price has done this before and fallen back. I guess there are plenty of unhappy shareholders to sell into strength as well as momentum traders in this stock.
Catalyst Media share price data is direct from the London Stock Exchange
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