Cellcast Share Discussion Threads

[the analyst] 08/10/2008 13:18

Guys, I'm expecting to get some feedback on the whole SMS Media / Sky Telemdia / Margins situation soon and will post the info when I have it

Hopefully the concerns being posted here turn out to be unfounded...

[morning_glory] 08/10/2008 09:45

cltv holding up rather nicely

People always need porn

[the analyst] 07/10/2008 14:05

Probably not to do with Cellcast, from looking at this one:

[thesageofsaint] 05/10/2008 22:06

I have just sent ths request to CLTV's auditors. I will also send it to Cellcast.

I am a shareholder in Cellcast PLC and I believe that this office of Baker Tilley is responsible for Cellcast's audit. I write to enquire whether information regarding Cellcast payments to SMS Media and Sky Telemedia can be provided. These companies are owned by CLTV Directors and a significant sum is paid annually to these companies for undisclosed services. Given the recurring losses and the opacity of the company's formal communications it is increasingly concerning that a very complex web of Director interests confuses what should be transparent relationships. Such payments for services, which are unspecified should be challenged to support the necessary disclosure. I hope you can assist.

[ldmachin] 05/10/2008 21:45

I'm still waiting on answers concerning the SMS Media Ltd and subsiduaries questions i asked to CEO Andrew Wilson. I asked, via email on Thursday.

It would be extremely wise for shareholders to get pro-active now to get transparency about the business. Bombared the CEO and Non-execs demanding answers, make phone calls, let them know what you think of the situation. There is clearly something a miss when a company, cellcast, turnsover £12m+ on premium rate telephone call revenue and still doesn't make any profits.

It is additionally sickening that £1.5m+ is coming out of Cellcast's p.a. going to a company owned by the Cellcast CEO and other board members that only seems to be setup to provide 'services' to Cellcast, services which no shareholder knows about and the management seem reluctant to tell shareholders about.

It wouldn't be so bad paying £1.5m to SMS Media Ltd p.a., if Cellcast was a profitable company... but it's not.

Action is needed before it is too late.

[bones698] 05/10/2008 20:44

the sage, it is beginning to appear so and the fact no one has ever had a reply to an emial just goes to show what they think of private investors. the figures in the results were quite awful considering the supposed progress made recently and the lack of clarity smells awfully like people linning their own pockets imo. neil craven is the man tospeak with regarding any action against the company as he will be feeling somewhat miffed also by the recent figures and these mysterious payments made to the directors other compamies.luckily i havent invested much in these it was a gamble but i certainly won't invest anymore unless they become far more open and respond to private investors

[thesageofsaint] 05/10/2008 14:01

Sky Telemedia is a wholly owned subsidiary of SMS Media, which is in turn the holding company of our major shareholder and CEO, Andrew Wilson.

Why when you type WWW.skytelemedia.co.uk in to your browser are you re-directed to WWW.cellcast.co.uk? This is our company and STM is not a Cellcast subsidiary therefore there can be no reason to this apparent equivalence, except that the Directors are willing to flaunt basic corporate governance responsibilities.

Why did CLTV in 2007 pay £900k to STM for management services? Is this simply a way of paying higher director remuneration by covering this payment as management services provided by the current board? It would appear so.

Why did CLTV pay £250k in 2007 to SMS media, again what services were provided?

What websites do we own? If they are not registered to Cellcast then I suggest we do not own them. If you check the registrants for the sites in the header you will find very few registered to Cellcast.

On admission to AIM CLTV was making 1.8m operating profit from 8.2m TO. Look at us now.

Overall, I now realise that I need to research more and trust less. I believe that CLTV is a sham and I am the victim of immoral, yet legal operations to gild the pockets of the Directors and destroy 'shareholder value'.

[thesageofsaint] 04/10/2008 18:10

Yet more. It seems that somebody has spent a lot of time joining the dots of the premium rate business, with the common denominator being guess who?

[thesageofsaint] 04/10/2008 17:55

what is to be made of this?

[zoo123] 04/10/2008 04:50

Hi,





kind regards,



MN

[alfredpal] 03/10/2008 21:24

JF Galbraith - 29 Apr'07 - 09:01 - 20637 of 20637


One for you to research over the weekend

Cellcast, CLTV, Dog of the Year 2006

Following Sky reorganisation led to profits warning and 90% drop in share price last June

Cap. now only 4.5 million

Now for the tasty bit

Has slashed U.K losses and expanded into 15 overseas markets

CLTV has confirmed it has been breaking even since December 2006

Recent update stated turning a million a month in Brazil alone with 20% profit!

Rumours on BB of further South American deals and funding agreement for SUMO.TV its rapidly expanding YOUTUBE clone

Results confirmed next week

Check it out, once in a life-time bargain


LOL

[rp3406] 02/10/2008 20:16

I regret I have had to sell my entire holding over the past few days. The interim result were very uninspiring but I would have held but for losses elsewhere.

Best wishes to all remaining holders.

RP3406

[sans souci] 02/10/2008 19:06

I understand the anger here but please be careful in making allegations of fraud that cannot be proven.
They do read these BBs and are a thoroughly nasty bunch.

[the analyst] 02/10/2008 19:00

Could be worth thousands, though NewKid, if the company can be got back on track...

[newkid] 02/10/2008 18:47

Anyone want to pick up the baton and run with it? Before you ask why don't I do it, I have a total holding of 33k shares, £247 worth.

Regards NewKid

[stefanos2] 02/10/2008 15:48

Even without Craven we can get together 10% of the vote easily and between us we will have many contacts that can get this investigated, should need be.

I also know that some of the posters here have strong contacts in the Sunday Times and Financial Times that owe favours.

This is OUR company and WE should demand that the Sky Telemedia accounts are opened up or if they refuse, a better provider must be found that can allow us to get the 30%+ margins that should be there for the taking

You hear a lot of bad press about premium rate calls, but never that they are a LOW MARGIN business where it is difficult to make money. There are girls out there with revenue of only a few callers working independently making money, so how can H1 £6m revenue be loss-making?

I get the feeling the directors are in big trouble unless they shape up.

[the analyst] 02/10/2008 11:31

Hi Cliff

Nice to see you over here and thanks for that.

Are you a current holder/buyer in CLTV?

If you expect the shares to recover, you could take a 3% holding for around £15k!

[cliffyburger] 02/10/2008 11:28

Neil Craven and I are both major shareholders in Leisure & Gaming (LSE: LNG), another AIM micro-cap which has been battered in the market storm. Although Neil has taken a beating and needs cash (hence his two recent sales of LNG), he called me this morning to confirm that he remains fully committed to both LNG and CLTV.

In time, I expect CLTV's share price to recover. At the current 0.5p-1p spread, this company is far from fairly valued! In time, I expect those quiz channels in India to make a lot of money...

Cliff

[the analyst] 02/10/2008 10:39

I wonder, if we get a favorable outcome from ofcom, whether the board will buy Neil's stake from him and simply take the company private?

Based on the maximum price the board paid for shares over the last year, they would currently have to pay 4p per share.

[newkid] 02/10/2008 10:37

The REF sag had 15% and that was enough. The first thing to do is for someone to Open an account for a fighting fund. I beleive REF's was about £1000. This was used to contact a Solictor. I will contact Man1 who was one of the main players of the sag.

Regards NewKid