Datatec Share Discussion Threads

[investorjon] 27/1/2006 18:21

And me Michael. Thoroughly agree with most of your posting. A real direction at last. Has all the 'Hallmarks' (sorry) of David Elstein though...and long may he be an the controls of DCD.

I too expect both the placing to keep price low and consolidation, which must surely follow. If for example (purely hypothetical) 100 existing DTC to 1 DCD then I'd expect market to cost shareholders in the first instance, even to 68p-75, but I'd go for that on first day (and purchase a lot more) and sure is eggs is eggs it will quickly climb.

Also see how the Board is now bolstered again, which I've no problem with, and which wrests control from cronyism.

Don't think however the costs of the database can be put down to getting ready for major acquisition, as it was only updating it to include RM and fantastically over expensive for what it was and where a 2,000 item database could be constructed from scratch in no more than 2 days, so its not current now anyway, and where the RM deal looks decidedly unimportant if not monetarily useless, not having delivered and seemingly more to do with getting a Director to part with their shares than any real business building, and prior to DE's involvement, where he has much more carefully constructed fish to fry. But no sense looking backwards when such forward thinking and obviously carefully constructed company building is taking place. This is not the DTC of old.

But this is a new and dynamic ball game, one where the jigsaw pieces actually do seem to fit properly, and I'm pleased to be on this one! I also think that with new Board members, its more and more clout for better and better management from DE, which strengthens his hand and shareholders in the longer run.

[inkitin] 27/1/2006 18:21

Is the correct "Done and Dusted"?



Yes. Simon Pizey is named as the MD as stated in the RNS.

[michaelmouse] 27/1/2006 18:04

The acquisitions are excellent IMO and Elstein has surely been instrumental. What is also pleasing to me is that over the past 12 months their strategy has been clearly thought through. Initially it may have appeared otherwise and posters have rightly questioned the costs associated with the setup of a database and the DVD venture. However, it is apparent that the company was merely creating the shell for the acquistions and reverse takeover. Integrating and extracting value from the acquistions should therefore go relatively smoothly (we hope!). The clarity of their strategic thinking bodes well for the future (no I'm not being sarcastic!). The difficult bit now (as posters have already mentioned) is to try and value the enlarged group.
However, even using a conservative guess at current and future earnings the company looks cheap (IMO)!
I agree that the placing may depress the share price temporarily (although not necessarily) and that a 1:100 consolidation is likely. If this does happen I view it as a further buying opportunity (for me that is but DYOR).

[investorjon] 27/1/2006 16:23

My son has worked at Done and Dusted, and they are quite a slick operation. I'm impressed with the acquisitions, but feel the name change is not really adequate. I'd have preferred to have dropped any reference to Digital Classics (even DCD), and brought it all under the Iambic umbrella which is much more prestigious and much less boring, giving a better corporate identity.

Only hope we haven't paid a mate of CH £500,000 to come up with the new title and corporate image.

Presumably a placing of that size will further dilute sphere of influence of any one individual, but I' be happier to know what the current major shareholder list looks like.

[gumberr] 27/1/2006 11:14

I thought DTC had been DONE & DUSTED years ago -how appropriate -the name now actually reflects the shareprice.

[investorjon] 27/1/2006 10:33

Onwards and upwards DTC...I too believe this is the work of DE... we do need a clear out now at DTC...

Check out MusicSuite see if its making money, check out any Board Members to see if they are earning their keep or any who have cost DTC money on external ventures...then onwards and upwards.

EXCELLENT

[albycat2] 27/1/2006 10:21

it will be interesting to see where those new shares are placed,it has to be a significant chunk going to an institutional investor ???

[johnmp] 27/1/2006 09:42

half way to DTC value of 50 m.

So only need to issue 3.5 billion more shares then?


Which company has the most shares in issue, just wondering how far DTC need to go to be the record holder?

John

[beezerpi] 27/1/2006 09:26

Undoubtedly DE's work. His expertize , knowledge and connections in TV land are starting to shine through. It wouldn't surprize me if they have another one up their sleeve.
Level 2, 4 v 1

[nav_mike] 27/1/2006 08:44

Really quite interested in this one again, but how long before we can get a meaningful projection on turnover/profits/eps?

[jmillskeel] 27/1/2006 08:11

Reads so so simliar to Yoomedia, hope EVG play this better, 3Bln shares as to do a 100-1 or simliar and price will drop to placing price imho etc.

However getting back in sub placing price may just be a 'no brainer' dyor.


One last thing dont think i am back here to bash, all the EVG lads sitting on placing they WILL take there quick 10% make no mistake...

[ursamajorra] 27/1/2006 07:30

DCD Media plc.

[ursamajorra] 27/1/2006 07:28

Embargoed: 0700hrs, 27 January 2006

Digital Classics plc

('Digital Classics' or the 'Company')

Acquisition of Done and Dusted Group Limited ('Done and Dusted')

Digital Classics plc is pleased to announce that, having recently completed the
acquisitions of Box TV Limited and NBD Holdings Limited, it has today signed
agreements to acquire a third profitable company as a further step in its
strategy to transform the Group into a television production and distribution
powerhouse. The Company has acquired Done and Dusted, believed to be the UK and
Europe's leading independent producer of popular music event programming for TV
and DVD. Details of the total consideration are set out below.

Done and Dusted has filmed rock concerts by Robbie Williams, Madonna, Britney
Spears, Norah Jones and many others as well as major events such as T4 On The
Beach, the X-Box 360 Product Launch, the Laureus World Sports Awards and the
Victoria's Secret Fashion Show. Many of the events it films recur annually, and
its profits have grown significantly each year for the past three years. Until
now Done and Dusted has not retained any exploitation rights in the productions
it makes, however the Company anticipates that this will change with the result
that some of its programming may be passed to NBD TV, the recently acquired
specialist popular music distributor who will, by virtue of ownership, have
'firstlook' at the Done and Dusted production schedule. Done and Dusted has
also identified a significant growth opportunity in the US marketplace and is
actively investigating opportunities in the rapidly expanding 3G market
following a successful collaboration with Robbie Williams and T-Mobil in
Germany.

These acquisitions are designed to give the Group critical mass and to exploit
the recent legislative changes in the UK TV industry. The acquisition of Done
and Dusted will be funded as to £5,775,000 in cash and by the issue of
721,875,000 consideration shares. The cash portion of the consideration for the
Acquisition is to be funded in part through a placing by Evolution Securities
Limited of 928,344,230 new ordinary shares of 0.1p each ('Ordinary Shares') at
0.65p per share raising approximately £6.0 million (before expenses).
Additional loan notes will be subscribed for and issued to satisfy the balance
of the cash consideration under the Acquisition Agreement. The proposed
acquisition is classified as a reverse takeover under the AIM Rules by virtue
of its size. As such, it is subject to the approval of shareholders, which is
being sought at an extraordinary general meeting of the Company, to be held on
21 February 2006.

The acquisition is expected to be earnings enhancing in its first full year of
consolidation. The enlarged company proposes to change its name to DCD Media
plc.

The directors of Done and Dusted have signed new service contracts whereby they
have agreed to work for Done and Dusted for a minimum of three years, and their
shares cannot be traded for two years. Upon completion, it is anticipated that
Simon Pizey, Managing Director of Done and Dusted, will join the board of the
Company.

In the year ended 31 December 2004, Done and Dusted made a normalised profit
before tax of £835,000 on turnover of £7.124 million. In the six months ended
30 June 2005, it made a profit before tax of £756,000 on turnover of £4.85
million.

Application has been made for the enlarged issued ordinary share capital of
2,963,315,714 shares, comprising the 1,313,096,484 existing shares, the
721,875,000 consideration shares to be issued pursuant to the acquisition and
the 928,344,230 new shares to be issued pursuant to the placing, to be admitted
to AIM. Admission is expected to become effective on 23 February 2006. Copies
of the admission document are available at the registered office of the Company
(30 Farringdon Street, London, EC4A 4HJ) and at the offices of Evolution
Securities Limited (100 Wood Street, London, EC2V 7AN).

Digital Classics' Chief Executive Chris Hunt said,

'Digital Classics already owns the world's largest classical music programme
distribution catalogue and from this has sprung a new DVD production business.
The recent acquisition of Box TV has enabled entry to the drama production
marketplace, and the simultaneous acquisition of the distribution business, NBD
TV, has provided access to the popular music market for the distribution
division. The acquisition of Done and Dusted will propel the Group to an even
stronger position as it expands the production side of the business from that
of mainly serious music, arts and drama to the highly lucrative international
popular music arena.

We are, today, a much more widely based entertainment group with the ability to
produce high level content, and distribute it, and take it to DVD, entirely
in-house.'

Done and Dusted Managing Director Simon Pizey commented,

'Joining the Group will give Done and Dusted a significant shot in the arm and
allow it to secure IP rights and fast-track its current expansion into the US.
Good news for the company, and for the group shareholders.'

For further information please contact,

Chris Hunt, Chief Executive

Digital Classics plc

Tel. [phone]

Ben Simons / Adam Reynolds

Hansard Communications

Tel. [phone]

[skiboy10] 27/1/2006 07:25

nearly 3 billion!!!

[nav_mike] 27/1/2006 07:21

It really does look like DTC are 'going for it' and I have to say Im impressed by the size of their ambition, but are they going for the stock exchange record on most ever number of shares in issue??

[kenway] 27/1/2006 07:12

RNS Reverse takeover

[garysmith7] 26/1/2006 20:38

geekeg
Don't invest what you can't afford to loose and do your own research.

DTC has always promised and never delivered so the retail interest has subsided. This is reflected in the price and the fact DTC used to regularly be the most posted board on ADVFN and now is lucky to get more than one post a day.

Some people think things will come together and DTC will make them a decent return and some think CH will keep eroding shareholder value and never ever turn a profit.

Personally I'm the former but there are plenty who think the later.

[investorjon] 26/1/2006 17:35

no one can tell you honestly whether to invest or not, that must always be down to you. I've lost more money listening to other people than ever I have investing in my own right. By all means listen to us all, and some of us may be bullish some bearish, and that's fair enough. I personally am loading a few more into a SIPP, as I think they have been bumping around on the bottom now and are set to move, but it depends how much money you have to play with and whether you can afford to lose it all, and what sort of risk profile you come into. DTC is not for widows and orphans, but in my opinion has seen out the worst of the bad weather.

GOOD LUCK WITH WHATEVER DECISION YOU MAKE

[geekeg] 26/1/2006 14:36

I have been watching this company for a while,wonder if anyone one can tell me if I sholud invest in the company.(relative new comer to shares)at present prices.

[investorjon] 26/1/2006 13:43

Unfortunately they are, hence the share price , but the influence is falling now, but it seems harder to get definitive major shareholder lists from DTC and seems harder than winning the lottery.

The placing has helped though, and Gub Neal, DE and others have significantly strengthened DTC. Sadly I don't really think CH realises how much he had adversely affected his own 'baby', but don't ever think he hasn't got talent and IF he can gel himself to pushing DTC only, via Iambic he would still be a great asset, but he will have to work really hard to get anyone to believe him, but proof is in the pudding. Sadly though CH's assurances over the years are taken as DTC's lack of credibility, but I think the wind of change is at DTC...either that or the beans are working.

[goggin] 26/1/2006 13:21

From a historical perspective:

3 / 12 / 02
Digital Classics calls EGM to approve fundraising moves, share split

LONDON (AFX) - Digital Classics PLC said it is calling an extraordinary
general meeting for Dec 30 to propose measures which would strengthen the
company's balance sheet and enhance its ability to raise additional finance.
Digital also said it is proposed to split each of the company's existing 1
pence shares into one ordinary Share of 0.1 pence and one deferred share of 0.9
pence.
The company is proposing to exercise its right to require RPTA Ltd, a
company controlled by chairman Richard Price, to exercise the option to buy a
further 25 pct of the shares in Richard Price and Chris Hunt Ltd (RPCH) for 1
stg. On Oct 29, RPTA paid 100,000 stg for a royalty amounting to 50 pct of the
group's share of the net income earned by RPCH. The option was grated to RPTA
at that time.
The company also proposes to sell the balance of its shares in RPCH to
Christopher Hunt. The consideration for this acquisition will be the waiver by
Christopher Hunt of 100,000 stg due to him from the company under the terms of
the company's deferred unsecured loan notes 2000/2005.
Christopher Hunt and his wife, Jacqueline Hunt, have agreed to cancel loan
notes with an aggregate value of 1.5 mln stg in order to strengthen the
company's balance sheet and to assist with future fundraisings. In return, the
company proposes to issue Hunt and his wife with shares to the value of 1.5 mln
stg at 1.5 pence per share.
As a result of this conversion, Hunt and his wife will own or control more
than 50 pct of the company's issued shares and the company said the Takeover
Panel has agreed to waive their obligation to make a compulsory offer for the
rest of the group.

Is Hunt & Wife still around?

On the 21 May 02, DTC sold Stanley Riebeck 16.6 % of the stock at 3.3p - Is Stanley still around?