Pcg Entertainment Share Discussion Threads

[mark1000] 06/6/2016 15:13

Anyone understand why this RNS on the 6/06 ? what does it add from that a week earlier on the 31/05 - it sounds more optimistic after all no warning on trading and cash flow this time some talk of snooker later in the year but really what has changed in 5 working days?

The market seems to agree with me this is a none event the RNS was designed to steady the nerves but says nothing new. Take CPDC how bad is current trading it says it had three good quarters to 31/03 but we already knew this where do we stand for the current quarter they should have some idea. The winning of a legal case that has not even and by the sounds of it will never take place against us is not the issue what is really crucial are the impact on trading and cash flow neither of these issues were mentioned in this pathetic RNS. For example are we still being supplied by our principle supplier if we are then have we stopped selling to our major customer who is not paying us. Is it coincidence that these two things have happened at the same time or is orchestrated?

[1i1i1i] 06/6/2016 12:41

Topped up a bit more at these ludicrous levels. This is going to many times the current tiny market cap within the next 12 months.

[1i1i1i] 06/6/2016 07:43

Very promising update, well done to the BOD

[1i1i1i] 31/5/2016 14:49

https://twitter.com/dds_docholiday/status/737527816967749635 - from Twitter, they seem relaxed about it all.

[mark1000] 31/5/2016 14:44

I agree 1l1l1l - we look to be covered on the legal front - its the impact on trading which is really key eg whats to stop the supplier selling direct to our main customer the fact they are both kicking off makes me wonder if its orchestrated and just what are the quality of earnings of CPDC ?

[1i1i1i] 31/5/2016 14:25

Read the RNS again, think we are legally covered, they're just trying it on, have added more.

[mark1000] 31/5/2016 09:52

Makes you question everything!

FD`s resignation in Feb was it just ill health or unhappiness over the direction?

If your major supplier does not want to supply you ( leverage for the old debt ) and your major customer does not want to pay you - you really are between a rock and a hard place?

Why was CPDC so cheap - is it a real business or is it a construct ?

I wish Bryant had not been so bullish on those podcasts - it now looks like cash will need to be raised but you have to question Managements capability.

[ned stark] 27/5/2016 07:20

PCG Entertainment plc (PCGE) is an AIM listed Asia-Pacific online gaming and media company. The Chinese gaming market is now the world's largest online gaming market and was worth $22 billion in revenue in 2015. The Chinese Ministry of Culture recently announced that the revenue of China's online gaming sector is still growing by around 30 percent annually in the past eight years. There are about 370 million online game players in China, which is about half of the online population of 670 million.

PCGE is currently valued at £10.3 million with a share price of 0.875p. PCGE is undervalued given the quarter on quarter growth in revenues and profits.



20 April 2016

Unaudited figures, extracted from the Company's management accounts, show PCGE's Group operating profit in Q1 2016 rose to approximately USD $870,000 up from a Q4 2015 net profit of USD $820,000.

Over the same period, gross profit rose by 21% and revenue by 16%.

Nick Bryant, CEO, commented: "While PCGE's revenues continue to grow quarter-on-quarter the Company is now able to invest in the development of our software distribution platform to expand the business in the Asian market. Over the coming months we anticipate further investment in people and infrastructure. We will also continue to seek opportunities for growth, both organic and through acquisitions."



29 January 2016

Asia-Pacific online gaming and media company today released an update on activities for the trading quarter ended December 2015.

Unaudited figures, extracted from the Company's management accounts, show PCGE's Group operating profit in Q4 2015 rose to approximately USD $820,000 up from a Q3 2015 profit of USD $400,000.



16 November 2015

Unaudited figures show PCGE's Group revenue in Q3 2015 rose to around USD $6 million from Q3 2014 Group revenue of $1,112. The Company's operating profit in the same quarter for 2015 is around $400,000 up from Q3 2014 losses of $2,217,089.

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."

PCGE is focused on the development of business in the media and gaming industry across the Asia-Pacific region. It aims to continue growth through further acquisition and exploitation of licenses in China, and the acquisition of CPDC represents an important first step in the process.

Bryant continues "The CPDC acquisition increases the number of territories in which PCGE has a presence and enables us to benefit from the gaming experience, local knowledge and strong relationships the CDPC management has with major gaming software distributors and agents."

The media and gaming sectors are among the fastest growing in China, and analysts calculate will grow substantially to over US$22bn during the coming year.



30 September 2015

Chief Executive Officer's Statement

I am pleased to announce interim results for PCG Entertainment plc ("PCGE") that include revenue generated from our recent acquisition of Center Point Development Corporation ("CPDC"). This business was acquired with an effective acquisition date of 16 June 2015, and the results since that date have been consolidated in accordance with IFRS 3. The transaction was the subject of an announcement on 11 August 2015 and was approved by resolution by the shareholders at a general meeting. On 28 August 2015, the enlarged share capital was admitted to AIM.

Revenue of US$745,220 was earned between 16 June 2015 and 30 June 2015. This generated a gross profit of US$256,714 which, after expenses, nets to US$221,086. PCGE anticipate ongoing revenues from CPDC, and look forward to these revenues being reflected in our year-end results.

It has been an active year with PCGE listing on AIM less than a year ago in December 2014, a temporary suspension under Rule 14 of AIM Rules in February 2015 and then readmission in August 2015 following the reverse takeover of CPDC.

Interim Results' Highlights include:

1. Group cash balances at 30 June 2015 of US$719,617 (2014: US$538,420)
2. The loss for the Group is US$2,482,669 (2014: US$114,802) after charging readmission costs of US$1,176,000

[market master] 26/5/2016 13:41

Not many left under 1p good time to buy for those on sidelines!

[chadders] 26/5/2016 12:35

Needs news to establish a new trading range methinks.

[dealer1] 26/5/2016 09:33

Irislass2, these are not all sells!! The first transaction for 588k shares is a buy because it's mine! I put £5.5k into it as it seems to be a heck of a bargain at the moment.

[irishlass2] 26/5/2016 09:19

what's with all the sells?

[moormoney] 25/5/2016 15:44

Good strong close :))

[chadders] 25/5/2016 14:59

It's just a no brainer and anything like a decent update should see a rerating methinks.

[moormoney] 25/5/2016 14:26

I think the financials are going to be good! Is this a leak???

[1i1i1i] 25/5/2016 14:25

Indeed, complete madness here, the market cap is only about x4 yearly profit.

[mr codders] 24/5/2016 23:07

Re-rate well overdue...!

[seans66] 20/5/2016 12:58

Bought in 30 mins too early today!

[1i1i1i] 20/5/2016 10:38

Richard Poulton announced on Twitter that 2015 results can't be announced within 2 months of the last quarterly update so anytime from 20th June then. Have a million of these now, target 15p/20p within 24 months.

[1i1i1i] 19/5/2016 10:14

A little top up, crazy crazy price.

[1i1i1i] 17/5/2016 11:05

So much to look forward to here in the very near future, beggars belief a company with a tiny market cap, decent profit margins and zero debt can not be picked up by investors. Well I'm in and I'll just keep adding, fully expect a rerate to 3p/4p shortly and then who knows in the massive Chinese market we are in.

[jagzoil] 11/5/2016 17:13

sentiment will arrive soon - 2015 financials to be released by June. 2016 to be a very profitable year

[moormoney] 11/5/2016 12:16

I agree CuFeS2 this looks very overlooked at the moment but certainly tempting!