Pcg Entertainment Share Discussion Threads

[saxxxon] 28/1/2016 21:26

Hopefully tomorrow morning....

[costax1654x] 28/1/2016 18:24

Tomorrow RNS

[costax1654x] 28/1/2016 17:48

PCGE #chairman @RPoulden in with @zakmir today at @audioBoom @audioBoomUK talking all things #china. Check back for a link.

[hope67] 28/1/2016 17:22

PCG Entertainment ‏@PCGEntplc 1h1 hour ago

PCGE #chairman @RPoulden in with @zakmir today at @audioBoom @audioBoomUK talking all things #china. Check back for a link.
4 retweets 1 like

[sigora] 28/1/2016 14:38

cmon lets have a penny before news

[zed2002] 28/1/2016 14:35

ohhh...bid ticked up..

[mister md] 28/1/2016 13:49

exactly. Quite recently buy volume sent it rocketing.

I wonder if the ex-Chairman has been offloading a few to 'meet market demand' ?

"Kung Min Lin has resigned as Chairman with immediate effect, due to increased work load since taking over as CEO of Money Swap on 11 November 2015. Although no longer a Director, Mr Lin will continue to support PCGE with his contacts and skills."

[sigora] 28/1/2016 13:39

2m buy and still not moving up

[costax1654x] 28/1/2016 10:20

Maybe tomorrow ..

[hope67] 28/1/2016 07:52

hibberts

This is a western company nice try though

Proactive interview back in August
PCG Entertainment (LON:PCGE) chief executive Nick Bryant says the company will be transformed by the acquisition of Center Point Development Corporation (CPDC).

The AIM firm this morning announced it was acquiring the profitable software distributor in a share-based deal starting at just under $10mln.

Bryant believes it will be a cornerstone on which build a growth business.

“It is transformational for PCGE, the acquisition will transform our bottom line for 2015 and the business will throw off a lot of cash,” Bryant told Proactive Investors.

“That cash will do a number of different things, but principally what it will do is give us the opportunity to invest further in the group to grow both organically and through further acquisitions.”

“As with all these things, ultimately, the only thing that matters is performance and as a company we want to demonstrate that we are performing and that we are growing the business.”

“And this is the first of what expect to be several acquisitions that we’ll be making in our space in China.”

Bryant explains that as well as the revenue and profitability of CPDC, PCGE has importantly also acquired valuable infrastructure and a network of industry contacts in the region.

This, he says, can provide a competitive edge compared to other western companies that have entered China’s gaming sector with good products but not without sufficient preparation or supporting infrastructure.

The acquired business has shown strong growth since 2013, PCG highlights, as revenues increased from US$1.3mln to US$9.4mln by 2014, and it made a US$2.3mln profit last year.

In the current year the business is expected to continue with ‘steady’ growth in the current year, though Bryant says he’s unable to divulge any profit forecasts at this stage.

“On a month-by-month basis we’ll be generating significant free cash flow going forward, and it will transform the business,” he added.

Bryant highlights PCGE’s earlier financial report for 2014 – which showed a US$8.6mln loss - was ‘pre-revenue’ and it included a lot of exceptional costs related to the company’s AIM flotation in late 2014.

To acquire the new business PCGE will pay an initial consideration of US$9.59mln, in shares, and a further US$10mln worth of shares may be payable in the future depending on CDPC’s performance over the next two years.

That maximum contingent payment will be payable if the unit achieves a US$29.13mln cumulative net profit, whereas no further payment will be due if cumulative net profit is below US$14.56mln.

CPDC gives customers in Asia access to established third-party gaming content. Its agency deals cover China, Taiwan, Macao, Hong Kong, Vietnam, Malaysia and Thailand.

[hope67] 28/1/2016 07:48

Nick Bryant, CEO, commented "These results demonstrate the effectiveness of the group strategy in expanding in the Chinese media and games market both through organic growth and by acquisition. I am extremely grateful to our shareholders for their continuing support and I look forward to being able to issue a further trading update in January."

[mister md] 27/1/2016 12:38

well I see 1p now for starters ... ;)

[costax1654x] 27/1/2016 10:41

I can see a good RNS taking us over 3p

[spurberry] 27/1/2016 10:31

Cost as try thursday

[mister md] 27/1/2016 10:30

increased price paid on each buy trade, able to sell more qty than buy, cautiously optimistic here ...

[costax1654x] 27/1/2016 10:20

RNS by Friday?

[costax1654x] 27/1/2016 10:20

Ups...derampers here???someone want to buy cheap

[hibberts] 27/1/2016 10:11

China is totally corrupt you can take a pinch of salt any profits this company shows.

[zed2002] 27/1/2016 10:05

Hibberts, This is not a chinese stock lol

[spurberry] 27/1/2016 09:39

I would say results this week, anyone fancy ringing Nick on 07736327041

[hibberts] 27/1/2016 08:25

every chinese stock that has floated on aim over the years has been a con
most investors have had enough of being ripped off so i cant see much happening
here.