Cellcast Share Discussion Threads

[stefanos2] 13/2/2009 10:43

If you go over to "The Scream" boards you will see that directors own most the company through both direct and indirect off-shore companies. Well over 50% in total, but could be a lot more than that with smaller ones that are off the radar (under 3%). Why hasn't Neil Craven hasn't been invited to the board? The answer must be that they don't want anyone spoiling the party. They have a cash cow and they are milking it.


Direct shareholdings of management
Bertrand Pierre Folliet 5,147,997
Andrew Karl Wilson 5,147,997
Julian Braithwaite Paul 1,250,000
Emmanuelle Erna Guicharnaud 982,403
Michael Patrick Neville 625,000
Total = 13,153,397

Companies either owned or part-owned by management
SMS Media Ltd(dup) 10,680,062
Atlas Group of Companies Ltd 8,645,635
Harkness Trading Ltd(dup) 6,687,500
Total = 26,013,197

Total that management have control over = 39,166,594 = 52%


Mr Neil Craven 14,287,391 18.92%

[the analyst] 13/2/2009 10:04

I thing that they've already mopped up as many as they can without being obliged to make an offer. As far as I remember, the purchase from NC took them very close to the 30% level (they act as a concert party)

I guess it wouldn't be too sensible for them to make an offer before ofcom announce, either. They don't want to buy a company one week to find it destroyed by ofcom the week after.

So, as ever, we just wait to see what happens with ofcom...

[zangdook] 13/2/2009 04:10

I'd be happy with 5p, but is 9x current price a realistic expectation? If they were thinking on those lines wouldn't they try to mop up as much as they could at lower levels in the market first? Of which there's no sign.

[the analyst] 13/2/2009 00:01

I'd be happy with a management buy-out if it came at the right price

IF the ofcom decision goes well, and it's a big "IF", then maybe that could happen. But what is the business worth? What would be fair value?

- The CEO claims the UK business makes £1m EBITDA pa, so even if you give it a measly PE of 6x, that is worth £6m, or 8p per share

- The sumo business plus EPG slots could be worth another million

- Cellcast Asia should be worth £2m+, although the Directors seemed to think it should be worth a lot more than that in the future

- They have patents and technology that should be worth money

So, all in all, the business could be worth 12p+ if managed well and with a good ofcom decision. Worth nothing, if managed badly, with ofcom going against the company and a failure to work an exit for Cellcast Asia.

Perhaps a price of 4-6p would be fair to investors and give the management a real bargain at the same time?

My guess would be that NC would accept 5p, but I don't know for sure. I'm sure they would find it easy to get the votes to put such a motion through at that price. I would accept 5p

[zoo123] 12/2/2009 23:45

Hi guys,


I know some of you have predicted this, but What would you guys make of this company being taken private, in this financial environment?


21st Century Media Co., If you're right, have you sold off ALL your equity in cltv?


Don't you believe its activities have any potential?



Kind regards,

MN

[the analyst] 12/2/2009 15:07

"Why can't they give a trading update for the FY"

Is it because they are doing very well, highly profitable, but don't want ofcom to have any evidence that this is the case, because it could affect the decision they make?

;)

[21st century media company] 12/2/2009 15:01

Facts are that there has been no communications with shareholders since 30th Sept.

That's awful!

What are they hiding?

They obviously ain't got anything good to say, else they would be singing from the rooftops.

Why can't they give a trading update for the FY?

Read between the lines...............................

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[the analyst] 12/2/2009 14:24

They have to be released before the end of June

Last year, they released them on May 4th

Most decent companies get results out within three months of year end, which would be before March 31st

[zoo123] 12/2/2009 14:19

When are the next results due?


Kind regards,

MN

[ldmachin] 12/2/2009 13:31

21st Century Media Company,

"this could be suspended soon" - Let's hope not, for Neil Craven's sake.

Personally, i think things are going well... all the signs are there that they are. Just waiting on a good Ofcom decision... and then things should start to pick up here..

[21st century media company] 12/2/2009 11:50

down again i see

this could be suspended soon

[the analyst] 08/2/2009 23:24

No idea what happened to it, LDM.

I agree that to get themselves some US cable output would be a great move - americans love the british accent and I'm sure they would pay a premium to have a chat.

[ldmachin] 08/2/2009 22:33

the analyst,

Any idea what happened to pal?

Getting their content onto USA cable TV output would be a great move.

[rascalhardin] 08/2/2009 21:14

ta,

I'm afraid that new sites will not benefit shareholders if the Directors are determined to exploit them in the same way that Neville has at every other company he has worked for.

The share price says it all. Investors do not trust the Directors. Quite right too, when Neville is one of them. He has, IMHO, proved himself repeatedly to be unworthy of investor's trust.

If you think that the other Directors have shareholders interests at heart, ask yourself why they employ Mike Neville, who has a truly appalling record of destroying shareholder value at a number of companies including Minmet and WTV.

[the analyst] 08/2/2009 18:03

And a few more that are not new, but weren't in the header, so have put them in

[the analyst] 08/2/2009 18:00

Not sure if LDM already posted this one, new site from the company:

[rascalhardin] 06/2/2009 06:26

ta,

Also good to know that Directors who have arguably cost a lot of investors large sums of money can make a few extra quid as a non executive Director here.

[ldmachin] 01/2/2009 20:23

21st Century Media Company,

I've never had anything to do with Jarvis pal... and you never told me anything about Jarvis, you must be thinking of someone else...

Unfortunately your track record is appauling... if you ever manage to drag your credibility back from the abyss then may be i'll start listening to your 'tips' ;-)

Anyway, here's to a good week for LNG... i'm looking for a substained rise above 8p.

[21st century media company] 01/2/2009 20:11

LDM

Don't worry - my profits from my JRVS short more than compensated me.

I told you to short Jarvis!

[the analyst] 01/2/2009 01:20

If the news is good, LDM, we'll be competing with each other to buy - ;)

[ldmachin] 31/1/2009 23:57

21st Century,

Thanks for the update on WLW's shareprice ;-)