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CFL Contentfilm

1.325
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Contentfilm LSE:CFL London Ordinary Share GB0009715375 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.325 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.325 GBX

Contentfilm (CFL) Latest News

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Contentfilm (CFL) Discussions and Chat

Contentfilm Forums and Chat

Date Time Title Posts
26/5/201113:08ContentFilm9,927
01/12/201023:57Contentfilm 3x Bagger.!!!!40
10/8/200622:26CFL - Over-ramped and ready for a fall60
06/7/200612:59ContentFilm10
06/7/200612:59ContentFilm24

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Contentfilm (CFL) Most Recent Trades

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Contentfilm (CFL) Top Chat Posts

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Posted at 14/3/2011 22:05 by recto verso
Here's a slightly different view point :

StockMarketWire.com - Media rights and sales group Content Media Corporation plc said it expects its full-year results to meet management expectations after solid trading across the group for the 12 months to March 31.

The group said trading in the television division had been strong with library revenues holding up particularly well.

Trading in the film division had been steady within a continually challenging market environment. While library revenues had held up well, margins in sales of new films had been lower.

In the digital division, sales of multi-platform programming had continued to be strong and revenue from traditional programme catalogue sales to digital platforms had increased significantly.

Resolutions to change the name of the company from ContentFilm plc to Content Media Corporation were passed today (Mar 14). Its shares are expected to be trading under the new ticker CMCP from tomorrow.

At 11:19am (LON:CFL) Contentfilm share price was +0.06p at 1.33p.
Posted at 28/2/2011 20:14 by djderry
The proposed name change seems,on the face of it,a little bizarre.Management need to continue to focus on operational matters,namely:adding new material in a cost effective manner, sweating the library assets,reducing office and management costs.Now,if they were proposing to do a share buy-back,it would have an instant effect on the share price (However,this is unlikely with the preference shares floating around.)
Posted at 25/2/2011 07:20 by fft
IMHO, what a waste of management time and company money. new business cards, listings pages, notepaper, company logo stuff, advertising etc etc.

Perhaps the biggest benefit to management is that all the new charts, threads, share price indicators for CMCP wont show the old CFL shambles....
Posted at 25/2/2011 07:17 by cardiffian
I also notice that ETO have proposed a placing for 8m shares at 145p...explains the recent, clearly manipulated pull-back in the share price. The cash to be used for 'a range of small, earnings enhancing acquisition opportunities'...could CFL, sorry CMCP, be on that list ?
Posted at 18/10/2010 19:37 by cardiffian
diesel, I wasn't as optimistic as you were re an AGM statement but was pleasantly surprised to see one. The share price reaction as well as the buying that took place was also most welcome. It just goes to show what a statement or announcement from the company to the market can do for the share price

What made me laugh was their response to a question that fft asked regarding no recent director purchases where they responded with 'a lack of liquidity'

Well ofcourse there's a 'lack of liquidity' and why do you think that is, could it be because the share price is so low and there is virtually no retail or insti interest in buying the shares and why is there no interest, could it be because the company refuse to talk directly with the market. What they do do is issue press statements via 'The Lippin Company'...the who ?. I keep asking myself which bod member is possibly connected to that company because it can't be down to cost saving !

If they were truly concerned with lack of liquidity, then surely by improving communications with the market which I'm sure would lead to a higher price, would give them an opportunity to increase the company's cash position by the issue of new shares thus increasing liquidity but because they (Syntek and directors) own ~51% of the ords plus the prefs, they would have to subscribe to any additional share issue to keep hold of their majority holding and I don't think they want to fork out their own money. NO ! they would rather fill their own pockets, taking money out of the company like our friend John Schmidt and his disgraceful 5% limited conditional annual bonus.

No doubt they will continue now as they have done over the last 2 yrs and issue RNSs only when they are obliged to do so. What a bunch of so-and-sos.

All IMO only.

============================================================================

CFI will......try......to sell the films around the world.

"...The BBC has also backed the scheme and has secured the rights to screen the three films on television. The sales company ContentFilm International will try to sell the films around the world."
Posted at 09/10/2010 08:57 by fft
covenant

Still feeling very mellow, i asked if there was any danger of any of the loan covenants being broken. I was expecting a short "no", but the response was a lot more complicated than that. In fact the answer went on for quite a few minutes. They said that if turnover decreased substantially then there would be a danger. unfortunately, no figures as to how far turnover would have to fall. Looking at the numbers there doesnt seem any reason why any normal repayment ratios would be in danger. I didnt follow up, to my regret. It was the only really surprising answer all day.

Headroom on the loan didnt seem to be a problem. They had looked at other acquisitions, but nothing had progressed. Again, liquidity, cash, and being careful were mentioned. I get the feeling that any further use of the loan has to be positive on all metrics from day 1.

The loan is up for renewal in 2013. Reducing debt seems to be a priority before then, and keeping a clean nose. The library valuation was mentioned, but it is obviously not the only thing that is important regarding the loan.

They mentioned that 2 other businesses had gone bust.


Directors shareholdings.

With a smile and apology i asked whether directors had any plans to show confidence in the company by buying shares. As i also said, obviously they couldnt answer that, but with the share price being very close to the lows it would be the ideal time to buy. Again, the response was interesting. They said that the directors already had quite a few shares/options, but that the market for cfl shares was very illiquid and it was impossible to buy a reasonable number. (So at the very least, one of them has been keeping an eye on things).


Syntek shares

I asked about the move of shares,and they said it was just being moved from a subsid back to the main company. as far as they knew it didnt imply anything.

Valuation of the company.

I asked about this after the meeting. I pointed out my estimates allowing for hair cuts in valuation / sale price of the library still gave a NAV of 8p or so. So why wasnt anyone either buying the company or investing in it ? Again they mentioned other companies going bust, the depressed state of the market for tv shows etc. (I got the feeling that at the moment, there may not be a huge market (if any) for buying the library, so the haircut would be worse than i calculated). They were waiting for prices to improve - and that then should feed through.

Mipcon and the other big trade show.

I asked (after the meeting) why so many people went. soft soap answer. our stand is not the biggest. most business done there, everyone very busy. Generates leads etc.. I meant to ask why it couldnt be done over the net etc, but didnt.

If anyone has any questions, i'll see if it jogs any of the memory cells.


Summary : a solid business that has been in survival mode but is now waiting for recovery.
Posted at 08/10/2010 03:53 by fft
Maybe surprisingly, there was a fairly active q+a session. I was feeling very mellow after having had a number of beers in the Worlds End in Finsbury watching 2 CL games back to back the night before, followed by a bottle of wine and a pizza.

The first question came from shareholder1 (s1), who when they were proposing re-election of chairman asked if he would be missed if he wasnt re-appointed (!). Not the kind of question i have heard too many times. S1 seemed to run out of steam on his follow up, so i thought i would help out by asking how many days a year he spent on CFL business. (I didnt have a copy of the report in front of me, and had no idea how much he earned or even what his name was). The reply was curious in that apparently he is constantly consulted, but they couldnt even estimate how many days he worked for CFL. I am not sure why S1 was querying his re-appointment.

rest of proposals were nodded through without questions.

Then we moved onto general questions. This may take a few replies.

New Venture
-----------

I asked about the level of resources being allocated from CFL towards it - looking at it over the year as we can expect no/little revenue in year 1. The reply said that it was a modest investment. On pressing, they said that no CFL staff would be working for the new venture. When asked whether modest meant 100k or 250k, they refused to give numbers, but the body language and replies suggested 250k would be nearer the mark. I asked whether Peter cowley would be full time, or was he working elsewhere as well, and was assured he would be working full time. The CFL stake in the new venture is 60%.

They were enthusiastic about the deal and talked about it quite a bit. In questions after the meeting i asked where he would be based, and they indicated whilst being in the UK to start with, he would probably move to the states (LA i think) as that is where the business is.


Profits
-------

The trading statement said in line with management expectations(me). When i pushed on what 'me' meant, they said they were more concerned about liquidity in the company. I pushed on whether 'me' indicated a similar performance to last year, or slightly better, or slightly worse, and they settled for a similar performance to last year. They did seem to be very aware of the problems they had been through, and seem to be in 'safe mode' for running the company esp. wrt cash. Maybe a change as IMHO they now seem to go in for modest expectations with (i guess) hopeful outperform.

After, i said i was concerned that the new venture didnt turn into another Allumination, and there were wry smiles and 'that isnt going to happen again' noises coming out.


Questions about banking covenants, directors buying, why is the share price so low given my valuation estimates of 8p per share (see post 9640), why so many people go to mipcom, the state of the industry etc and more coming up !
Posted at 22/7/2010 12:29 by pimp
People understandably selling out as this is now dead money for the next 2 years. Management are making zero effort to support the share price and to see another year or two of constant drip erosion if now too much. I fully understand but it is not worth me or (most of us) selling out now. A share price of 25p+, as it was , seems a miracle away - starting with a change in the managements attitude to share holders and their attitude to valuation of their own company. They come across as not bothering what the market thinks of the company but we all know the higher the share price the better the negotiating power you have.It makes you wonder what is the hidden agenda here. This company is better dissolved and the assests distributed.I suspect we will currently all get alot more than what is on offer now. Saying that however i think we have turned the corner . We will prbably tread water for the next 2 results and then following that we will show increased performance. There is the outside chance we may get taken over of course. Whatever, i think we are all stuck with this company for the forseeable future. Come back Peacearch - all is forgiven. !
Posted at 01/3/2010 19:51 by robseaton
I hope so too. I'm currently sitting on a 92% Loss. Investing in this company turned out to be the worst thing I've ever done in my life. At the time I first got involved, I was an inexperienced investor and didn't know how to use these boards. I got swept away in the constant enthusiasm on this thread back in 2006-7. Everytime the share price dropped, I bought a few more, thinking I had a surefire bargain until I ran out of spare cash to invest when the share price was 15p. We all know what happened then.

I curse the day I bought that Shares Magazine copy back in late 2006 that had a feature on Contentfilm which is how I ended up here! If I hadn't picked it up on a whim in Tesco one day, I doubt I would have even heard of ContentFilm to this day! Damn!

I am responsible for my own decisions though, no-one else. I was a textbook case of the green investor dreaming about multibaggers and paying the price. The funny thing is that a great deal of the optimism seemed justified and the problems in the global economy over the last 2-3 years means that I would have almost certainly lost money whatever stocks I would have held instead of Contentfilm.

A key difference though is that all my other investments were in FTSE350 Miners and if my money had been there instead, I would have made a lot of the losses back by now and I am confident most of those companies such as XTA, KAZ, ENRC etc will eventually surpass their previous highs over the next few years, so I think I would have had a very good shot of eventually getting all my outlay back in the end even if it meant waiting a long time. If my money wasn't here in CFL, it would have been in those mining stocks instead.

That is my worry - whether the decline at CFL is terminal or not.

Luckily, I'm still a solvent individual with no debts and the gains I've made on miners over the last couple of years have helped towards offsetting the losses on Contentfilm, which was my biggest holding by far. The money I've lost on investing in CFL still represents about 4 years worth of very hard saving for me though. I very much doubt I will ever be prepared to put a penny into a company this small ever again; there are just too many unknowns.

Diesel, like you I will be looking at the next trading update with the same view. Any sign of 'Jam Tomorrow' and I will reluctantly accept that I'll never get my money back on CFL and will probably move on. I want to pay close attention to their staff costs as it would really grate with me to think of all the money I've lost when juxtaposed with the CFL management flying first-class everywhere and eating pate de foie gras on the movie festival jollyups!
Posted at 05/1/2010 19:20 by cardiffian
richman...I was starting to think they would never put anything on the website, so that in itself is something. Clearly Phase4 wanted to start 2010 on a positive note. Let's hope the same new year positivity feeds through to CFL's recovery.

I hope I'm still a CFL shareholder in a few years time, just to see if your hopeful Phase4 premonition comes true but I'm having a few financial woes at the moment, so I may have to reduce my holding at some point in the future. I hope that doesn't come to pass though.

One would hope that the CFL share price in a few years will be much higher than where it is now and CFL's interest in Phase4 can be deemed a bonus to shareholders and not just the directors as is quite often the case.

Anyone got a crystal ball ?
Contentfilm share price data is direct from the London Stock Exchange

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