Independent Media Distribution Share Discussion Threads

[larousse] 16/10/2006 19:02

I don't have any AIM stocks, but I see the LSE publishes this leaflet:

[veryniceperson] 16/10/2006 18:24

I have CFT, they went in to the AIM market about 18 months ago. I think you have to hold a couple of years then the Tax gets less and less on profit. Do you know what the percentage it Larousse

[larousse] 16/10/2006 17:39

Ah, it's life - I was fuming this morning, but I'm over it now.

Barclays told me that companies switch to AIM, because it costs a lot less than a full listing, so in the long run there is some benefit there.

The shares that I hold in a ordinary nominee account, and those in my SIPP (pension) are fine, but the rules for PEP's and ISA's say that the shares contained within them must be fully listed.

So if they change to AIM, then the shares in a pep / isa either:-

a) have to be transfered out (losing the tax advantage you had on the value of the IMD shares held there)

b) have to be sold withing the isa/pep and bought again outside it (this keeps the tax free element on the proceeds, but you must have the funds available outside the isa/pep to re-buy)

c) sell the shares, and don't rebuy - but at a low in the recent price.

[veryniceperson] 16/10/2006 17:29

Sorry Larousse

Don't Know the in's and out's of ISA's A bit of a Bummer

[larousse] 16/10/2006 10:08

Well, that's just screwed me nicely VNP

Most of my IMD shares are held in ISA's, which means I'll have to sell or lose the tax breaks.

I'm sure many other IMD holders are in the same position, but can you imagine what that's going to do to the price of an iliquid share like IMD?

[veryniceperson] 16/10/2006 07:40

Independent Media Distribution PLC
16 October 2006

For immediate release: 16 October 2006

Independent Media Distribution plc
Announcement of proposed move to AIM

The Board of Independent Media Distribution plc ('IMD' or 'the Company')
announces that, following a review of strategic options, it believes that the
Alternative Investment Market of the London Stock Exchange plc ('AIM') is a more
appropriate market for the Company's shares than the Official List of the UK
Listing Authority (the 'Official List') for the following reasons:

* The Company's market capitalisation remains relatively small compared to
other companies whose shares are listed on the Official List and the
directors believe that the Company could attract more interest from
investors on AIM since this market is designed for smaller companies, has
specialist institutional investors, and allows private investors to take
advantage of attractive tax benefits;

* The Company's strategy on an ongoing basis may involve making acquisitions,
to complement its ongoing organic growth. The regulations for AIM companies
when making such acquisitions are less stringent and complying therewith
implies lower costs and less time when making acquisitions. The Directors
believe that this will increase IMD's ability to complete acquisitions in
competitive situations.

IMD confirms that there will be no changes to its Board or its standards of
reporting and corporate governance as a result of the change of market.

The Company announces that a circular will be posted to shareholders today
recommending the de-listing of the Company's ordinary shares from the Official
List and the cancellation of trading on the London Stock Exchange's market for
listed securities (together the 'De-Listing'). Subject to approval of the
De-Listing by shareholders at an EGM to be held on Wednesday 8 November 2006, it
is proposed that an application will be made for the ordinary shares to be
admitted to trading on AIM. It is expected that the last day of dealings on the
main market will be Wednesday 6 December 2006 and that trading on AIM will
commence at 8.00a.m. on Thursday 7 December 2006.

Bridgewell Limited will act as the Company's nominated adviser and broker on
AIM.

David Haynes, Executive Chairman, said: 'The board is of the opinion that the
proposed transfer to AIM is in the best interests of the Company and the
shareholders as a whole. We feel that AIM is a more suitable market for the
Company's shares and that the change will significantly enhance IMD's ability to
compete when making acquisitions, which we hope will become a source of growth
for the Company.'


Documents on Display

Copies of the circular have been sent to the UK Listing Authority and will
shortly be available to the public for inspection at the UK Listing Authority's
Document Viewing Facility, situated at:

Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14
5HS.


Contacts:

Independent Media Distribution plc Tavistock Communications
David Haynes, Executive Chairman Paul Dulieu / John West
Simon Cox, Chief Executive Tel: [phone]
Tel: [phone]

[veryniceperson] 19/9/2006 18:42

Some encouraging buys in the couple of days.

[veryniceperson] 07/9/2006 17:41

Things can change quickly, you never just might out perform.

[larousse] 07/9/2006 13:41

So on a p/e of 15, right about where we are now?

Thanks Hastings

[hastings] 07/9/2006 13:07

Bridgewell have lowered the expectations for 2007 pre tax profit £1.5mln with EPS of 3p down from 4p. Not a Sell of course, but then not a raging Buy.

[larousse] 06/9/2006 09:51

ty, I'll look, and don't worry about the plug ;)

[hastings] 06/9/2006 08:30

Hi larousse, i first became involved in IMD just before the reverse takeover of Chemex, who were based in Cambridge. When the shares came back from suspension the price after consolidation was 46p. Four years on, the shares are, erm!! 46p. Of course you and i both know that they have been up to the mid eighties during that time. So, i think your strategy here is a good one, wait and you should be rewarded well. Charles Dunstone is not sitting around with his holding for the fun of it and at the end of the day, he will want a substantial return. For what it is worth i bought back in at 34p but my holding is only a modest one. A decent amount of my money is now invested in SCT a Cambridge company which i believe is about to come good, may be worth a look. Sorry to plug this one, but i think VNP is also involved with it.

[larousse] 05/9/2006 16:29

Hello Hastings,

Hope you're well. I don't have level 2, but I don't think there's anything afoot either. IMD is so thinly traded at the moment, that the NMS is only 500 shares. Someone selling 8 times that just pegged us back a bit. I'm sure that's all it is.

I'm committed now (or I should be), and as I've intimated in many previous posts, I've been very patient for many years and I've let IMD use a lot of my money (I know others are in a similar boat). I just refuse to sell out now. For one thing the amount I have invested in IMD is significant to me and I want the return on my investment, but also (and in all honesty) the holding is probably unsaleable in this market anyway. If I have to wait for 2008, then so be it, but if the shareprice isn't well into three figures by then, I'll be chained to the railings at IMD's offices.

If you find out what Bridgewell say, I'd appreciate the nod.

[hastings] 05/9/2006 13:43

Daresay there will be a large delayed at the end of the day. Personally thought the results were more or less as expected. What will be interesting is the next Bridgewell note following todays Analyst briefing. If 2007 expectations are maintained, then the shares hardly look expensive on a fwd PER of 11

[larousse] 05/9/2006 10:13

Well, the MM's dropped it a couple of pence on no volume, so they obviously don't see these as great half time results. To be honest, after last time they were much as I expected.

There are a few lines that I liked though, namely:

Cash flow and cash resources are expected to increase during the second half
reflecting growing revenues, maintained costs and slowing capital expenditure.

Looking to 2007, the group outlook based on recent Television contract wins and
other negotiations in train indicate a further encouraging growth in sales.

So, see you in another six months VNP. Let's hope were's not too old to spend it when they finally come good ;)

[larousse] 05/9/2006 10:04

Follow up AFX just out

Independent Media Di Independent Media H1 loss narrows, sees fy revenues in line with expectations
LONDON (AFX) - Independent Media Distribution PLC, the provider of a digital
delivery service for transmitting radio and TV commercials and music videos,
reported a slightly reduced pretax loss for the six months to June of 146,000
stg from 210,000 but reported positive growth in sales and said it sees full
year revenues being in line with expectations.
Sales were 2.0 mln stg, up from 1.8 mln stg a year ago, with a 62 pct
(360,000 stg) increase in television revenue compensating for a decline in radio
revenues.
The company said the loss for the period includes higher than expected
launch costs for its television services, including a period where the service
it is running for ITV was run in duplication with tapes, while the technology
was being proven.
Chairman David Haynes said: "Television revenues show excellent potential
and the company expects a number of important new customers to commence using
the service. Television sales for July and August 2006 have continued the recent
trend and are up well over 100 pct on the same months last year.
"The investment that we have made in the enabling technology for the digital
distribution of television advertising is beginning to provide positive returns
as the growth in revenues accelerates, such that they now contribute the largest
proportion of group sales."
But the company was cautious on sales from its radio operations meeting
expectations saying they remain subject to prevalent market conditions
IMD said it is proposing an unchanged interim dividend of 0.65 pence.
[e-mail]
rar

[veryniceperson] 04/9/2006 17:17

Cleaver Legs

[larousse] 04/9/2006 17:02

no, that would be a 666 sell ;)

[veryniceperson] 04/9/2006 17:01

554 Sell, hopes that's not a bad omen!

[veryniceperson] 02/9/2006 15:38

I know what you are saying larousse and I agree in principle but I think the main wedge of dosh was spent at HQ, not positive on this, perhaps its not that expensive to hook up the individual station. Can someone with more knowledge help on this. Anyway you have speculate to accumulate as they say, as long as it builds a stronger and cash generating company so much the better.

It has just taken longer than we expected, still worth holding. Tuesday should give us a few anwsers and hope they don't play on words.

[larousse] 02/9/2006 14:58

Afternoon VNP,

I agree with what you type, and I understand the reasons.

But like you & Hastings (maybe Games too), I've held these since the time of the Chemex reverse takeover business.

You know the story: Fell in love with the idea of this tape-less, non satellite distribution – and I still think it's a great business concept.

But, (sharp intake of breath) it seems to me that every time I hope for some returns from IMD, they get a new customer and spend all of their (my) wad on installing the associated bespoke kit.

This happened with the expansion of the radio stuff, then MTV, Sky, ITV and I'm sure the minor Satellite and Irish channels too.

I just want someone to tell me in these interims, that sooner (rather than later) this money is going to be coming to me. I've waited quite a long time for it now.

I think I've been quite patient, and I know you have too. The dividend is ok, but if that was all I expected I'd have put the money in the building society.

[veryniceperson] 02/9/2006 12:16

Hi Larousse

Not expecting a great deal on figures Tuesday. But would like to see a very encouraging statement. The T V system has only been launched properly 3 months before the end of June. I no its another 6 months, that will be the telling time. That's just my point of view

[larousse] 01/9/2006 20:07

Well, it's the 1/2 time results on Tuesday, and not a flicker in the share price. I'm always hopeful of big things from IMD, but if you look at the forecasts below, it doesn't seem like the analysts agree. How they can change so much in six months, without a warning RNS still has me puzzled.

Losing one covering analyst and that sliding estimate looks a bit worrying one the surface, but I'm pretty sure the big numbers were just mistakes that got corrected and the loss of an analyst is just a sleepy share thing.

Anyway, lets have a good weekend and look forward to what they have to say on Tuesday...

[larousse] 23/8/2006 23:04

Well spotted VNP

Tuesday, 5 September it is

I'm hopeful for good news this time (I know I always say that).

I still harbour fond memories of that £1.24 prediction :)

Trust all is well with you ?