Pcg Entertainment Share Discussion Threads

[mark1000] 06/11/2016 12:32

This extract below was taken from the RNS for the half year to 30/06/16 released on the 30/09/16

"PCGE expects ongoing revenues from CPDC in the second half of 2016 as the Company launches its own games management platform."

If the CPDC business was still operating full steam ahead do you honestly think such a remark would have been made? the very fact it is only expected it is not certain without CPDC what have we got some dreams of footy gold a quote on AIM and some tax losses?

[1i1i1i] 04/11/2016 10:25

It's a healthy revenue generated company which only came in at a loss because of the provision against receivables. The figures in 2 weeks time should confirm all is well.

[mark1000] 04/11/2016 10:10

Six months ago snooker now footy they are clueless as well as skint - as for all the other stuff no news is probably bad news not even the slightest mention. If there was good news these guys you can bet would shout it from the roof tops.

My guess is that to raise funds CPCD gets sold its only a guess probably to the supplier as part of the deal with the 2 million debt written off time will tell but they need funds. It will involve write downs but they will dress it up as funding their new exciting football future.

[chadders] 04/11/2016 08:48

Not sure what to make of this news other than it's a rabbit from a hat. Hardly a trading update as no update on the disputes or their financial position. All a bit strange methinks.

[1i1i1i] 04/11/2016 08:14

These Chinese companies do their due diligence, they don't sign up with foreign companies who aren't financially stable. This company really could be a 50 bagger in years to come.

[1i1i1i] 04/11/2016 07:08

PCG Entertainment plc Trading UpdateSource: UK Regulatory (RNS & others)TIDMPCGERNS Number : 3075OPCG Entertainment plc04 November 20160700 4 November 2016PCG Entertainment Plc("PCGE", the "Company" or the "Group")PCG Entertainment Plc / Index: AIM / Epic: PCGETrading UpdatePCG Entertainment Plc (AIM: PCGE), the AIM quoted Asia-Pacific media and entertainment company, today announces it has signed a Memorandum of Understanding (MOU) with Shenzhen Tianrong Sports Culture Management Co. Ltd. ("Tianrong") for the creation of a major football academy in China.Tianrong is a division of the Shenzhen Tianrong Investment Group, a company involved in sporting and cultural activities and the promotion of Chinese sports, tourism, culture and entertainment. PCGE and Tianrong will partner to create a new football academy in China. This is intended to involve a joint venture with a western football club.The venture fits with the Chinese government's current policy on promoting sports. In 2015, the Chinese government committed to creating a RMB 5 trillion (approximately $760 billion) sports industry over the next ten years, catering for a growing middle class and raising its international sporting profile(1) .In February 2015, President Xi Jinping introduced a fifty-point plan for the development of soccer as a sport. First, it officially separated the Chinese Football Association from the General Sports Administration, making it the only one of China's 72 sports organizations to be ostensibly independent from the government. The plan also aims to open 50,000 soccer schools by 2025. Chelsea and RCD Espanyol have been the first European clubs to launch dedicated football academies in China(2) .Chinese institutions already have significant holdings in football teams Atletico Madrid, Inter Milan and RCD Espanyol and are now investing in UK clubs buying Aston Villa, West Bromwich Albion and Wolverhampton Wanderers in 2016 alone.Nick Bryant, CEO of PCGE said: "This partnership between PCGE and Tianrong represents another significant step in China's commitment to developing world-class players by collaborating with internationally renowned partners. Tianrong have a track record of investing in major sports projects and we are very excited to be working with them to develop the academy in China."Li Haojie, Chairman of the Shenzhen Tianrong Investment Group commented: "We are pleased to be partnering with PCGE to create this academy, an important part of our long-term commitment to the development of world-class sports infrastructure in China."For further information: PCG Entertainment plc Nick Bryant, CEO Tel: [phone] Allenby Capital Nick Naylor / Nick Harriss / James Tel: [phone] Thomas Beaufort Securities Elliot Hance Tel: [phone] Damson Communications Amelia Hubert Tel: [phone] (1) (2) https://www.ft.com/content/3a4b5e92-e5e4-11e5-bc31-138df2ae9ee6This information is provided by RNSThe company news service from the London Stock ExchangeENDTSTUORRRNBAARUA(END) Dow Jones NewswiresNovember 04, 2016 03:00 ET (07:00 GMT)

[csmwssk12hu] 02/11/2016 00:56

It's got a graph similar to my relationships

[csmwssk12hu] 02/11/2016 00:47

Another interesting rise

[1i1i1i] 01/11/2016 15:44

Q3 results were realised 16th Nov last year so a couple of weeks then to wait for profitable numbers.

[1i1i1i] 01/11/2016 14:57

Up she goes again, news due?

[csmwssk12hu] 01/11/2016 00:15

It's looking like people are realising its profitable before one off

[1i1i1i] 31/10/2016 09:40

The loss is generated by a provision of $2,208,153 against receivables. Operating wise its in profit.

[mark1000] 31/10/2016 09:30

The market cap is 4M - its got to raise more funds its loss making although may be less than it was its directors over promise and under deliver how can you say the current price is ludicrous?

[1i1i1i] 31/10/2016 09:18

Because this is AIM and young companies don't get the best terms like the big boys in their infancy. This price currently is ludicrous.

[mark1000] 31/10/2016 09:14

No its not generating cash read the last RNS 30/09 to which your link RNS Marine Boy reports on - cash at 30/06 60K - which explains why they issued more shares to raise 400K those shares were issued at 0.3p when the then price was 0.5p a very deep discount.

Also from the last RNS

We have noted comments on why shareholders have not been updated. Under the rules of AIM we are unable to comment continuously on deals we are working on which may or may not come to fruition nor are we able to comment on any fundraising initiatives which may or may not be realised. As always we will update shareholders as soon as we are able to do so on all PCGE's initiatives.

If cash generative why the comment on fund raising ???

[marine boy] 31/10/2016 07:40

Because it is.

hxxp://www.proactiveinvestors.co.uk/companies/news/166744/revenues-soar-at-pcg-entertainment-despite-customer-dispute-166744.html

[mark1000] 31/10/2016 00:49

If its cash generating why the cash flow problems - why the recent issue of shares why the need for more cash to be raised? We have not had an operations update beyond 30/06/16 so how the hell can you say 1I1I1I that this share is cash generating?

[1i1i1i] 28/10/2016 17:13

Great momentum last few days, roll on Monday!