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CMCP Content Media

0.65
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Content Media LSE:CMCP London Ordinary Share GB0009715375 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.65 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Content Media Share Discussion Threads

Showing 501 to 522 of 600 messages
Chat Pages: 24  23  22  21  20  19  18  17  16  15  14  13  Older
DateSubjectAuthorDiscuss
11/7/2012
16:54
fft

take your point re 'unconnected' parties participating in placings and the concert party 'accepting dilution'!!

think i'll stick with my current holding and watch with interest over the coming years - lost so much on this stock (fortunately largely offset elsewhere)that i might as well run the last bit of value for 'entertainment' purposes (no sector-related pun intended)

richman777114
11/7/2012
14:13
fft..I'm thinking a takeover is more likely, with a library valued at somewhere between £50-70M and several other business interests together with a strong team of media managers, this company , without the downside of pref shareholders wanting out, could be a very interesting addition to many of the media companies out there.
diesel
11/7/2012
10:41
given the close previous relationship between management, the concert party, sagansky, i would guess that they would all be players in any potential placing.

I am working on the basis that i wont get any favors (maybe if i show an interest in taking part in the placing at a far higher level ?).

You are right about the concert party not being able to increase its %, But the placing could involve new shareholders (!) who would not be part of the concert party( nudge nudge wink wink). Allegedly.

Definitely not one for widows and orphans.

fft
10/7/2012
21:54
fft

i have a significant holding in this company and am sitting on a substantial loss

i too have decided to hold post the delisting and think the sort of outcome you suggest (US flotation in several years time) is a realistic possibility

i note your comments re potential dilution and that too is my chief concern

on the face of it the concert party's veto offers protection for minority shareholders, but if they're a benificiary under a 'discounted' placing they're going to go along with it aren't they?

on the other hand such an arrangement would surely trigger a takeover code rule 9 obligation on the concert party to make a full bid for the co?

then we've got jeff sagansky recently buying shares, neither director nor concert party member, so he could potentially get diluted to nothing like us couldn't he? (unless an 'informal' arrangement exists re future placings)

more questions than answers in the current scenario but i'd be interested in your opinion as,on a certain level, i'm tempted to buy a few more between now and the close of play on thursday

richman777114
10/7/2012
14:50
For better (or worse), i do see a lot of value in the current price. The main concern i have is that share offers in the future dont have to be offered pro-rata, so they could price future placings at a very low price per share, thereby diluting other shareholders to hell.

I am hoping that they will do placings at a reasonable price per share, so that the dilution would be balanced. AFAIK, placings (apart from the initial 15% one) will probably occur to buy assets.

On that basis i have added a couple of million in the last couple of weeks. Looking at the shareholder list, i see them needing an exit in 4-7 years by an IPO, thought not neccesarily in the UK.

Time will tell.....

fft
10/7/2012
14:27
Sobbering read Rob, I can sympathise as my story is similar although the numbers are not quite so eye watering. This share is a classic indication of what is wrong with the business community. While all the focus is on the banks there are many businesses treating their shareholders(owners) in even a more cavalier way than the banks treat their customers. This company has made some crass decisions in the past but the management have continued to enjoy generous salaries for the size of the company and the shareholders have seen their investment all but dissappear. The management even had the nerve recently to reset their options so they could leapfrog the disastrous slump in the share price However, their is value in this company that is not reflected in the current sp, perhaps at least 5x the current price. The management, for the first time that I can remeber seem to scrabbling to pick up stock from thos bombed out shareholders, and although I've sold some I'm reluctant to see them profit from my losses. I will hold on to some of my shares as I believe that with the pref shareholder situation sorted this will become a prime target for takeover.
diesel
10/7/2012
12:31
I've held since Winchester days and bought my first tranch at 30p. Over the years I bought on many more occasions to average down but I'm still on a 50%ish loss.

The communication from this company has never been great and shareholders have been treated like dirt. If they behave like this when it's a public company, I think it can only get worse when they go private. You'll only be able to trade your shares when there is a suitable buyer in place and even when/if they do find a buyer will you be officered a fair market price? It will be like trying trade in your petrol 4x4 at the dealership when fuel prices are sky high and the values have slumped as there's no demand.

So I have decided to sell my holding and move on. My holding is quite small compared some of you, but it's all relative. The price has been creeping up (except today) so will probably sell in the last couple of days.

Whether this is the right or wrong decision I don't know, but as there won't be a daily published price to look at in the future. I won't be able to kick myself if I make the wrong decision !

jaf1969
06/7/2012
10:02
Robseaton - whichever way you decide , you will need a lot of luck to get you money back. The directors , on may levels, have shown them to be unsympathetic to shareholders and as such may never relist. You have a chance of the company being taken over but how many years are you prepared to wait. Can you do better with reinvesting your £1400 over that period of time - something in the hand may be better than 2 in the proverbial bush !! Thats my personal opion so i sold out at the same loss as you.Basically i dont trust the directors with my money.
pimp
06/7/2012
08:09
I am sitting on a 95% loss on these since 2006 and my holding is worth about £1400 now. I don't need that money urgently so I'm not sure whether to just keep my shares which could be worth something again in a few years time or just get rid of them for the pittance they're worth.

A lot of others here must be in a similar situation. What are you guys planning to do? - sell or keep for later?

robseaton
05/7/2012
17:47
I think that the company has turned the corner, maybe some big deals lined up? the directors know this and are happily buying as much of the company as they can. Maybe a buyer for the whole company in the back ground?at a later stage.
bangers for bucks
05/7/2012
17:43
this makes no sense. who and why would you buy at this stage ? why is the price not on the floor ?
pimp
05/7/2012
10:13
RNS not out yet, but delivered to my inbox already......

RNS Number : 9916G

Content Media Corporation PLC

05 July 2012






Date: 5 July 2012

On behalf of: Content Media Corporation PLC ('the Company')





Content Media Corporation PLC



Result of Shareholder Meetings



Content Media Corporation PLC is pleased to announced that at the Class Meeting of the Preference Shareholders and the General Meeting, both of which were held earlier today, all resolutions were duly passed.



As a result of all these resolutions being passed, the Company's Shareholders have approved the following Proposals which were set out in the Circular which was posted to Shareholders on 14 June 2012:



· the conversion of each of the 34,840,262 Preference Shares in issue into 5 new ordinary shares of 1p ("Existing Ordinary Shares") ("Conversion");

· a bonus issue of 2,619,362 new Existing Ordinary Shares to the Preference Shareholders pro rata to their holdings of Preference Shares ("Bonus Issue");

· the subdivision of each Existing Ordinary Share, including the Existing Ordinary Shares arising pursuant to the Conversion and the Bonus Issue, into one ordinary share of 1/13p each and one deferred share of 12/13p. The ordinary shares of 1/13p will then be consolidated into New Ordinary Shares on the basis of 1,300 ordinary shares of 1/13p for one new ordinary share of £1 each ("New Ordinary Shares");

· the cancellation of the Company's admission to trading on AIM;

· the re-registration of the Company as a private limited company and the adoption of new articles of association;

· the approval from Independent Shareholders for a waiver granted by the Panel (being the Waiver); of the obligations under Rule 9 of the Takeover Code which would otherwise apply to the members of the Concert Party as a result of their acquiring new Existing Ordinary Shares pursuant to the Conversion and the Bonus Issue; and

· the granting to the Directors of authorities to issue shares other than pro rata to existing shareholdings.



Directors' and other Shareholdings



Following the approval of the Proposals and the Share Capital Reorganisation, the Company's directors, (other than Franz von Auersperg who is a member of the Concert Party) and the members of the Concert Party will be interested in the Ordinary Shares of the Company as set out below:



Directors:







Number of Existing Ordinary Shares


Percentage of voting rights


Number of Preference Shares


Shares to be issued pursuant to the Conversion and Bonus Issue


Number of New Ordinary Shares following completion of the Proposals


Percentage of voting rights following Completion of the Proposals




Huw Davies


100,000


0.1%


0


0


76


0.0%




John Schmidt


3,965,384


2.2%


6,367,690


32,317,186


27,909


10.3%




Geoff Webb


2,507,090


1.4%


0


0


1,928


0.7%




Kerry McCluggage


12,430,688


7.0%


0


0


9,562


3.5%




Concert Party:








Number of Existing Ordinary Shares at the date of the document


Percentage of voting rights


Existing Ordinary Shares issued pursuant to the Bonus Issue and Conversion


Number of Existing Ordinary Shares following the Bonus Issue and Conversion


Number of New Ordinary Shares following completion of the Proposals


Percentage of voting rights




Syntek


56,489,686


31.9%


0


56,489,686


43,453


16.0%




Golden.e


4,330,454


2.4%


76,532,633


80,863,087


62,202


22.9%




Franz von Auersperg


309,318


0.2%


11,983,870


12,293,188


9,450


3.5%




Christoph Schoeller


4,639,773


2.6%


12,072,381


16,712,154


12,855


4.7%




Martin Schoeller


0


0.0%


3,806,386


3,806,386


2,927


1.1%




Total


65,769,231


37.2%


104,395,270


170,164,501


130,893


48.1%




Delisting from AIM



As a result of the proposal to re-register the Company as a private limited company being approved the Company will now proceed with its plans to cancel its AIM admission. The Company's last day of trading on AIM will be Thursday 12 July 2012 and its admission to trading on AIM will be cancelled at 7am on 13 July 2012.

The Conversion, Bonus Issue and Share Capital Reorganisation will take effect following the cancellation of the Company's admission to AIM.





Definitions

Capitalised terms used, but not defined in this announcement shall have the meanings as given to them in the announcement and circular to Shareholders which was published by the Company on 14 June 2012.



A copy of the Circular is available on the Company's website,



- Ends -



Enquiries:






John Schmidt/Geoff Webb


www.contentmediacorp.com




Content Media Corporation PLC


Tel: 020 7851 6500














Colin Aaronson/David Hignell








Grant Thornton Corporate Finance


Tel: 020 7383 5100















This information is provided by RNS

The company news service from the London Stock Exchange


END

jaygino
05/7/2012
10:11
rns not on advfn yet, but all resoultions passed
fft
05/7/2012
10:10
De-listing on 12. July then !!
jaygino
27/6/2012
19:35
This share was once very promising. The directors have regarded it as their personal fiefdom and destroyed it as a public company. I said three years ago or more that this was a public company being run as a private one. Delisting is the final nail in the public shareholding coffin.

Essentially the directors should no longer be allowed to get their paws on public money from the main exchanges.

peel green
27/6/2012
13:20
I think delisting has been the intention for some time now. That is why the share price was allowed to drift. The preference shares are just an excuse. Shareholders have been truely stitched up.
pimp
27/6/2012
09:29
exactly DP..., all the talk over the years of shareholder value and even now this deal is meant to be in the best interest of shareholders, well maybe the Directors who have had little interest/faith in the company until now but for the small shareholder this is outrageous.
diesel
27/6/2012
09:20
Amazing how they all want to buy shares now its delisting!!
This stinks of a stich up, there is money to be made in this company and the directors can make use of these shares when it delists to strengthen their postion in the private company.

dpmcq
26/6/2012
18:07
If the board had any ethics or decency,then those who wish to take it private would have resigned (or been forced to) and made a proper offer to shareholders.Instead we are subjected to a sleazy back-door land grab.Pathetic.
djderry
26/6/2012
12:47
back from hols, what a fiasco this is, sort of sums up the state of our business world, how can any small investor have confidence in the share owning system?
I suspected several times over the years we might have been headingthis way but with the seelout of Sagansky some years ago I felt the risk had receeded. However, over the last year or so the company has started to build a solid base and more recently there are signs that improvements may be making some traction. The problem was always going to be that once profits are made the wishes of the pref holders to exit would have to be addressed. Maybe a warning sign to something afoot was no trading statement this spring, I did ask them if one was expected but no answer to my email.
As a lot of people have commented addressing the pref shareholder issue had to be done but a delisting?, and now the purchase of shares by Sagansky and Schmit is a real two fingers to small shareholders who could be left holding shares in a private company with no exit strategy. More thinking to do....

diesel
22/6/2012
16:35
345654 - one case of a delisting company which I remember well was OCZ technology. They specifically said they were quitting AIM to pursue a better valuation elsewhere.

After the initial sell-off, they doubled from 5p to 10p as punters piled in before delisting. They later relisted on NASDAQ, and within about 4-5 years of leaving AIM were trading at $9 a share (approx 600p). So anyone buying at the low, i.e 5p, had a 120 bagger.

I sadly chose to sell just before delist @ 10p.

Arrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrgh!


Maybe CMCP could come back in future, debt-free, profitable, and given a proper valuation. What would that be? 5 - 10 bagger from here? Can't see it doing 120x like OCZ.

bozzy_s
22/6/2012
14:28
if we keep our shares - anyone reckon we have a chance of a return on our investment? presumably the main shareholders would want to buy out smaller shareholders - they can then sell out the library and clean up ? Even if it goes private it would still be a limited company and they would have to distribute profits if they sell off the assets ?
sscrabble
Chat Pages: 24  23  22  21  20  19  18  17  16  15  14  13  Older

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