Choicesuk Share Discussion Threads

[terry91] 26/4/2007 09:13

Sorry to see this guys. The trades this am were buys very small but buys. Is there any hope for this one of a bounce or are they starring down the barrel of suspension?

[lord santafe] 26/4/2007 08:41

Thinking about NLX getting quoted at 0.20p. But you can not even sell 500 pounds worth online, but you can buy 1,000 pounds online. When online limits change the price may be dear.

[masurenguy] 26/4/2007 08:35

Looks like the sale at last nights close took the final stuffing out the the share price with some small sellers at 12.4p this morning. Validates JTC's decision to offload his entire holding at 19p the other day and move on !

[lord santafe] 26/4/2007 08:30

just bought 1,840 pound worth of EIC. See bullish trading update, could double today. Have enough left to get some NLX if they looking good.

[double6] 26/4/2007 08:17

LS - have another look at NLX - can buy at 0.19p - will get back to 0.50p IMHO.

[narindg] 26/4/2007 08:14

well i was wiating to have a flutter - cant get cheaper than this?

[double6] 26/4/2007 08:12

Soaking up the small buys so far - think it has further to go before any bounce (IMHO)

[terry91] 26/4/2007 08:11

Dont hold this stock just watch it. Sorry to see the drop again today. What caused it and why no suspension today?

[lord santafe] 26/4/2007 08:08

that is 3,200 pounds in money I am thinking about putting in. I guess there is no risk of suspension today.

[double6] 26/4/2007 08:05

Is that £3000 worth or just 3000 shares just gone through for you ?

[lord santafe] 26/4/2007 08:05

not going to bounce or will it, should I buy or not, hmmm.

[lord santafe] 26/4/2007 08:01

12.42p to buy

[lord santafe] 26/4/2007 07:58

I See, but at this price I think I am going to buy 3,000 pounds worth. Very tempted.

[double6] 26/4/2007 07:56

Big Sells Late on Yesterday....

[lord santafe] 26/4/2007 07:52

Extra fall in price today. This share looks cheap at 13p.

[masurenguy] 25/4/2007 20:34

If it is one large holder then yes, but of course it could be more than one shareholder, especially if the broker already had a buyer lined up.

[sporticus] 25/4/2007 19:23

Thanks Mas
Isn't 5.8% notifiable? There should be an RNS to follow.

[masurenguy] 25/4/2007 18:13

Not quite. I think that you'll find that a broker bought 1,050,000 shares at 11p, just after 3.00pm and then sold them for 12p at the market close.

Looks like a large holder just dumped his stake (5.8%) at 11p !

[sporticus] 25/4/2007 17:53

Eeeeeek!
over 2M shares sold at 11.5p?
Ouch!

[seansflag] 24/4/2007 13:55

i used to work for these monkeys two years ago and advised them then that piracy and downloads where an apparent problem affecting sales and consequently revenue/profit. Did they listen? Anthony Skitt is ruthless though and if anyone can squeeze something out of nothing it will be him .....phnaaar phnaaar

[davidblack] 23/4/2007 13:31

Bust by February next year would be my bet.

[topvest] 20/4/2007 20:02

I sold all of mine today. Happy to take a big loss and crystallize a tax loss for next year. All looks to be going pear shaped here and the events of the last two weeks don't inspire any confidence that this lot can be trusted! I made a mistake on this one; i think it will be lucky to survive. Last time I follow PG into a stock!!

[masurenguy] 19/4/2007 16:31

From The Times: April 19, 2007

DVD chain sounds the death knell for high street stores
Steve Hawkes

Britain's second-biggest DVD rental chain sounded the death knell for the £330 million market yesterday after saying that it will "substantially" miss targets this year after a dismal Easter. Shares in ChoicesUK fell 50 per cent and Anthony Skitt, its chief executive, said that there were unlikely to be any standalone rental stores on the high street in five years' time. He told The Times: "Clearly, standalone stores are becoming less viable. That's as plain as the nose on your face."

A sharp downturn over Easter, sparked by the warm weather, meant that ChoicesUK will accelerate plans to close or sell 70 loss-making or less profitable stores. This will leave the chain with 120 sites. Mr Skitt said that even these would have to put more emphasis on computer games and confectionery to survive. "Business died a death over Easter," he said.

The gloom comes just two weeks after Apollo Video Film Hire, the country's third-biggest rental chain, went into liquidation. Blockbuster, the market leader, is also understood to be considering closing 24 of its 700 UK outlets. A spokeswoman for the American-owned chain refused to comment.

Britain's video and DVD rental market has gone into meltdown over the past two years with the growth of online rentals and internet film piracy. Supermarkets and high-street retailers such as Virgin and HMV have contributed to the decline by slashing the price of new DVDs. At its peak in the late 1980s, film fans were renting 230 million videos a year. Since 2001, the value of the market has fallen from £470 million to £330 million.

ChoicesUK, which was formerly Choices Video, has diversified and now computer games account for 40 per cent of its sales. The group also supplies DVDs and videos to 4,000 convenience stores such as the Coop, Welcome Break and One-Stop. Mr Skitt said that this was likely to be the main way in which the rental market would survive. ChoicesUK was expected to accrue losses of £2.6 million in the year to June, but analysts said yesterday that the chain was more likely to fall £4.6 million into the red. Mr Skitt said: "We can put on £1 million in the week up to Easter, but the sunny weather meant there was a monstrous drop-off in rental volumes. Global warming is going to play to certain industries and ours is not one of them." He insisted that Lloyds TSB, the group's banker, was being supportive. ChoicesUK would not pursue an internet-based service, the chief executive said. It sold an online venture to Lovefilm.com 3 years ago and Mr Skitt didn't think that the business model, where the firm sends titles through the post, would work in the long term.

Blockbuster launched its own online service in the UK five years ago. In the United States it has been considering a move into digital downloads to combat the growing threat of Netflix, America's largest online DVD rental firm.

In view: UK video and DVD rentals

1986
Volume:233 million rentals
Market size:£284 million

1996
Volume:175 million rentals
Market size:£386 million

2006
Volume:116 million rentals
Market size:£330 million

Source: MRIB

+

The DVD retailer Choices-UK halved to 22½p after warning on profits two weeks after its interim results. Dealers said that the group may need a fundraising to keep trading through Christmas.