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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Pilat Media | PGB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 93.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 93.50 |
| Top Posts |
|---|
Posted at 02/3/2014 18:39 by smithie6 solooking at the results it looks to me like PGB - generated 4.5M of cash - after investing 4-5M in R & D ie. it generated 9M of cash or if say that 2M was needed to 'tread water' then 7M of cash hence imo the takeover price of 95p or 60M squid. is derisory...and should be rejected. A ratio of only 9 or 10 wrt real cash being generated. Derisory for a high software tech. company that is -global and - growing - in a high growth sector (providing streaming services to existing broadcasters) - with clients like BSKYB, Starz, Network 7 etc. This company is signing new global clients....that want more and more services....and PGB is almost g'teed (repeat G'TEED ) to get the add on work. Hence PGB has a high chance of a rosy future for years to come.... 2 Analogies..... imagine you have a garage that services your Porsche...and is authorised service co......and that is required to maintain mfr 5 yr g'tee you have signed up for. You pay a monthly fee and so any labour costs are free. You have been very satisfied with past 10 years of their service. If the car start to suffer from a mis fire on cold mornings...... or you want the car modified to add a turbo or you want the car modified to have the barrels bored out or you want the car modified with high lift camshafts where going take the car ? To the garage that has been servicing it for years and done a good job and meets all the factory reqts.....or some competing garage that you dont know ? Clearly, for add on work you will 99% probably stay with the existing garage. ---- Or you have a service contract with say SAP for their software for a large business. To add different facilities/applicati ==== I am concerned of the risk that the big shareholders of PGB are NOT in fact selling....but are selling only to re-invest into the new company that is buying PGB....in order to get tax relief and to allow the new company to get tax benefits (amortisation of some of the cost of buying PGB) if personal investors then sold those shares....they might perhaps just pay the cap. gain on "that" gain ....which would be much smaller...and not on the PGB gain Any views ? |
Posted at 23/1/2014 19:42 by smithie6 I see your point but !"Only a higher bid will do that and the share price says there isn't one coming." the takeover has weeks to go yet....I think March was mentioned....no date yet for the voting ---- 2) Do you think it is correct that Sintec makes an offer knowing the results for 2013....while the people receiving the offer do not know the results for 2013 ? seems very strange imo 3) Do you think there is a chance that the claimed 'sellers' are in fact re-investing in PGB by providing the new money needed by Riverwood (USA) to put into SMS Ltd ? (tax advantages/avoidance by buying new shares in a company maybe some big sellers put in just the CGT amount, or 50% of sale cash while some, like Eurocom might want to put all their sale money back in) (just look at the history for OCH and INVU if you doubt me, that Shore Capital companies are often involved in questionable share capital 'games' INVU Plc had an USA part.....raised 4M pnds at a high share price, around 25-30p...and a large part of that cash went to buy shares from INVU inc holders at 0.53$ (some exchanged for 1 INVU Plc share) ...not much later INVU declared its accounts were false... arguably intentionally false....the share price collapsed... rescues around 2p per share...and de-listed around .3p around 1/100th of the price that UK investors paid) (on AIM; if one assumes the worst, one is often right !) |
Posted at 21/1/2014 13:36 by smithie6 "Simon Thompson in today's IC says....on the basis that I think that a valuation of 88p is full, and the cash offer on the table is 95p a share, then I am more than happy to recommend banking the gains..." Simon T. ....no logic at all to that sentence a premium over value of 7p, 88p to 05p, less than 10%. For a takeover it is not a premium. I think that ALL 'advisers' would advise in a takeover situation to ..... sit on your hands and wait.... if another offer arrives (Liberty ?)...or if Sintec for some reason increase their offer.... or if offer a share offer instead of cash....or it would only be provided to shareholders.....not to anyone that has sold. and if it does not happen, then you should get the 95p anyway. ----- 'If' Eurocom and/or others is/are re-investing by investing in Riverwood..(as I suspect).(providing the cash for SMS).....then perhaps the regulators will prohibit that....or require it to be disclosed in the offer doc. and for the non-exec. and co. broker to declare that the offer is insufficient...since a major investor is not in fact selling out but staying on board (since they think the future is good and that the premium is negligible) and then the offer process could change in an instant. ---- and/or the regulators require that the co. reveal to the market the summary of results for 2013. and bang....no-one wants to sell ! the buyer knows the results and contract news (since sits on the bod)....but the shareholders dont !! good old AIM. farce imo ! Simon Thompson ignores this important point ??......asleep ?? ---- "back log" of work...ref. RNS.... but the company has not issued an RNS about any contract win or extension for donkeys... ...fishy imo ---- previously MD gave his option shares to...imo Sintec....around 1M shares and now Sintec give him 300k now mutual back scratching imo....bit fishy perhaps (the MD giving away his 1M shares around 30p, when he knew the share price was set to rocket....fishy imo....MD had worked hard for at least 10 years to grow PGB...and when the share price is about to rocket....he gives away 1M shares at 30p !, not logical imo....unless you knew the buyer would 'scratch your back' later) |
Posted at 16/1/2014 15:15 by smithie6 "however given the level of irrevocables plus the institutional support which will come, there is zero chance that this will not happen."'irrevocables'- the papers include the word "except" and list the names of various large shareholders PGB has no institucional support imo, see the shareholder list 2009 offer from Sinntec lapsed since they did not get over 75% there is imo a lot of small print to go with this offer as well, so nothing is decided imo until it is decided.... (imo a lot of investors will not want to vote yes) ...noting that PGB at the offer price is still cheap imo compared to anything else in software sector that you can buy using the money and who knows, maybe the offer will get cancelled for using insider info (contracts, year end turnover and profit data) not available to shareholders |
Posted at 16/1/2014 14:50 by adamb1978 People are more than welcome to vote no however given the level of irrevocables plus the institutional support which will come, there is zero chance that this will not happen.Rather than wait 2-3 months for your money and make a futile protest vote, better to sell now and move on. For the vast majority of investors, 95p will represent a substantial profit anyway. Organically, the share price was going to take ages to get beyond that given teh free float and given a number of people will have been put off by the Israel factor. I've happily sold out today at c.100% profit over a year or so. |
Posted at 03/6/2013 17:31 by yump I should have put a ;-) with the long term investors comment !I'm not anti-privacy btw, I just think people get exercised about relatively small things, while the big ones get by unnoticed. Like the EU cookie directive has resulted in annoying 'information' pop-ups all over websites, when our own body has now back-tracked on its advice about conforming. Meanwhile, Google regularly updates its algorithm with cuddly names like 'Panda', which actually cause havoc amongst small businesses, who suddenly see their visitor numbers plummet or jump, which throws them into an impossible situation regarding making any sort of business plans, or managing their own tax 'efficiently' (cough, cough!). Anyway how did you know that I shop at Tesco ? Doesn't matter as I drank the evidence. Doh - I've admitted it in public. |
Posted at 03/6/2013 16:42 by yump What's happened here ?Several years of very few posts and now more posted about a tip than about the company itself ! Anyway, we're all long term investors aren't we ? So 5p on a tip matters not a hoot. If anyone thinks that the re-publication of a subscription based tip is something to make a fuss about, you haven't really absorbed what happens online daily. I've had several websites content published in its entirety on .ru and .cn websites and there's not a damn thing you can do about it. If you're going to have angst about this, then go find out what Google is saying with one voice and doing with another. Then you'll have trouble sleeping. |
Posted at 27/3/2013 07:32 by techno20 Initial look at the results suggests a tremendous last qtr. Record turnover (£7.7m) and at long last some material profits (£1.95m).Stunning cash generation, leaving them with net cash of £10.7m! So, with cash rising rapidly and PBT of almost £2m, this looks woefully undervalued at £18.5m. Must be at least 50% upside from here. Also interested in the lack of comment on the cash. Last announcement talked of the board reviewing options for what to do with the cash pile - return to investors, active review of acquisitions. This time nothing! Not sure what to read into this. Outlook below is very positive....hopefull Techno Pilat Media is in a very healthy position. It has a strong balance sheet with significant cash resources which it expects to grow as operating profits are expected to improve. The Group's pipeline of revenues from existing clients already enables revenues in 2013 to reach over 80% of the 2012 level. The Group is involved with several additional opportunities already in advanced procurement phases where Pilat Media is well placed to win, although timing can not be reliably predicted. These can potentially make a significant contribution to the 2013 revenues. OTTilus also provides the Group with an opportunity to expand into new markets as well as enhancing its offering to existing clients. The Board therefore looks to 2013 as another year of significant improvement in both market position and financial results. |
Posted at 29/10/2012 12:37 by azalea A sizeable contract in today's RNS, part of which should show up on the bottom line-FY results. The wide spread is a put off for most investors,but there is the long standing attraction of a potential bid war between the two largest investors. |
Posted at 09/2/2012 08:42 by yump If this company enabled the management of ads. on the net it would have a storming p/e and a big bb following ! Interesting how the world of investment has changed from valuation based, to "have a punt on a big story". Fortunately, reality does eventually catch up.Usual problem. When you can calculate a proper valuation because a company is actually making pre-tax profits, it can be assessed, whereas when a company is losing £5mln annually, everyone can "see the potential", but you can't really debate potential easily to prove or disprove it. Quite frankly, with the way investors behave, it must be very tempting to float a company with a load of hype and then just dump your founders shares asap. at a good profit. Would serve the idiots right really. I wonder how many do that ? |
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