Prime Focus Share Discussion Threads

[twistednik] 01/11/2011 21:02

I've still got a small holding in these (unfortunately). Any idea what happens to the investment once they are delisted? Do small investors have any 'nuisance' value here? Not sure what our rights are in these situations. Any advice would be useful.

TN

[vision88] 01/11/2011 20:01

These are delisting from AIM not enough liquidity being cited, is it any surprise when the spread is 20% mm just want to big a spread i dont blame this co leaving AIM

[littleredrooster] 01/11/2011 14:34

Yes, this certainly does give AIM a bad name. Buying shares from a director at 35p and then voting for the company to be delisted seems like preferential treatment to me. Still, there doesn't appear to have been a wave of panic selling.

[kinghorm23] 01/11/2011 13:33

Shall we send out a search party for Tara.

Like i said a while back it was quite clear that jump in profits was a one
off because if they were making anything over 2 mil then the cost to be on
aim would not be a problem, of course Tara avoided the subject.

[safman] 01/11/2011 13:30

It looks like the market makers were pretty generous in giving 10k at 16p.. With the large shareholder delisting it is...

saffy....

[stegrego] 01/11/2011 13:12

Ooops. Another tara story goes wrong.
This was always a dodgy outfit, so no suprise to see them screwing shareholders (other than the one that bankrolls them anyway)

[stemis] 01/11/2011 12:30

This is the sort of thing that gives AIM a bad name.

[safman] 01/11/2011 11:45

You would be lucky to get out at these levels....

No-one likes delistings....

saffy..

[andrbea] 01/11/2011 11:38

end of the road then (rns)

[littleredrooster] 24/10/2011 16:20

PFT UK is not part of PFO London but I suppose some resources and revenues could be shared.



Aine Healy on board to head up Prime Focus Technologies in UK

October 24, 2011 | Posted by : admin_mr



London, October 2011 – Prime Focus Technologies (PFT) has appointed industry veteran Aine Healy as Vice President and Head of UK. Based at PFT's London facility, Aine will lead the Sales, Operations, Technology and Strategic Business development efforts in the UK for the global digital content services provider.

Aine comes to PFT with more than 20 years experience in the Broadcast Operations and Post Production industries. She has spent the past decade as CEO of Intermission Studio, a state-of-the-art digital facility which she founded in Ireland, and before that worked as Broadband Studio Manager at eircom, Operations Manager at TV3 and Head of Transmission at Tara Television. She has also held senior roles at TG4, Orbit and RTE.

A pioneering market leader, PFT has witnessed significant global growth over the past year on the back of major project wins, including several prestigious contracts in the UK and a strong pipeline of new prospects who are keen to adopt PFT's unique and award-winning technology-led services and flexible business model.

COO Ganesh Sankaran commented: "Aine's appointment is an integral part of our growth strategy, building on our recent successes in the UK – a key market for PFT. Aine's background, and her entrepreneurial experience as a founder and CEO, give her a vital insider insight into the challenges the M&E industry faces, and a deep understanding of the evolution it is going through."

Talking of her new role, Aine said: "Prime Focus Technologies is in an enviable and exciting position today. People in the M&E industry are constantly searching for new models and new technologies to make their work processes more efficient and to lower their costs. PFT provides a compelling media and IT offering which addresses these needs. The potential for PFT's is enormous, and I very much look forward to leading the charge for PFT in the UK, and delivering on this potential."

PFT has also recently announced the appointment of Kapil Gupta as Vice President of Program Management as part of the expansion of its management team, and will be exhibiting its latest offering at the Broadcast India 2011 show at the Bombay Exhibition Centre in Mumbai, which runs from October 20-22, 2011.

Also

[sharw] 11/10/2011 11:55

Another piece of bad reporting. Last week PFO announced:

"Christopher Mills, a Director of the Company sold his entire holding of 1,800,000 of the Company's Ordinary Shares"

That is a holding that it should have, but never, disclosed. He is shown as holding nil in the latest report.

It looks as if the holding is not his but that of Oryx International Growth Fund, of which he is a director. Now North Atlantic Value LLP is the manager for Oryx which effectively makes Christopher Mills the fund manager. See:

https://www.johcm.co.uk/microsite/nav/site/about-us/history/

Whatever, it means the parent company's holding is increased to 65% which takes us nearer to what is mentioned in the 'outlook' in the annual report:

"Discussions continue with the parent company to evaluate how to align the Group's interests".

[tara7] 06/10/2011 06:09

Yes, that is him.

[david77] 05/10/2011 18:48

I don't know whether the Chris Mills involved here is this one, but if it is, then he can probably afford the loss on his shares here:

Australians swoop on JO Hambro Capital Management

Mike Foster
19 Jul 2011

JO Hambro Capital Management has been snapped up by an Australian predator in the fourth asset management deal in a fortnight. The sale follows a huge rise in assets under management at JO Hambro in the last two years.

BT Investment Management of Australia agreed to buy JO Hambro for £209m after its assets under management rose from £1.6bn to £7.1bn over the two years to June, following the top quartile performance for seven out of its eight funds over three years.

The asset management sector has seen a rash of takeover activity in the last two weeks, with the sale of the funding arm of Co-operative Financial Services and stakes in Origin Asset Management and US mutual fund group American Century Investments.

Through the deal, Christopher Mills, JO Hambro's largest shareholder with 29% stake, is entitled to £61m. As part of the deal, he will quit to take personal control of his North Atlantic Value activist investment trust group, which also comprises Oryx International Growth Fund and Trident Private Equity.

From

[littleredrooster] 05/10/2011 15:42

The past four years have been difficult for broadcasters whose revenues depend on advertising. This will have impacted companies providing postproduction services.

[tara7] 05/10/2011 15:20

sorry you are right, if you have just posted the above.

However, he has been on the board for five years in which time shareholders have seen no return .

[littleredrooster] 05/10/2011 15:13

My interpretation would be that the price paid was 35p per share.



31 March 2006

"The Company has entered into an agreement with PFL whereby PFL shall subscribe for such number of ordinary shares in VTR, being 13,491,561 shares as shall give PFL 55.0 per cent. of the enlarged capital of VTR.

The subscription price shall be satisfied as to 35 pence per share in cash for 12,062,990 shares and as to the remainder, by the transfer of certain assets to the Company (including arranging and paying for delivery of those assets to the Company's premises) for 1,428,571 shares in the Company."

[tara7] 05/10/2011 14:57

Mr Mills, was a director of VCR [came on board 8 years ago,] Around 5 years ago India bought into VCR and renamed it PFO UK, at i think 45p a share.

So after 8 years on the board he sells out,at 35p

[littleredrooster] 05/10/2011 14:33

tara7,

Could you provide further details on what you posted about Chris Mills? For which company has he been on the board for over 8 years? Which company did PFO India buy 5 years ago and what price was paid? Are you referring to the same company in both cases?

"Now he has sold, longterm shareholders might feel they have been very let down , for he has been on the board well over 8 years and sold out at a lower price than the Indian parent group paid 5 years ago.!!!"

lrr

[tara7] 05/10/2011 11:22

That"s 100% right, As you are so good at reading between the lines it means this.

We know the profits are going to be huge but we want them all for PFO India, so, we will buy out UK shareholders for a song[say 50-60p].

We will make sure UK holders take up the offer by scaring them into thinking profits may fall next year.

Job done.

[kinghorm23] 05/10/2011 11:16

You have no case Tara, you keep ignoring this


Final results.

The year to end March 2011 benefitted from a number of exceptionally profitable contracts which may or may not be repeated in the current year. Discussions continue with the parent company to evaluate how to align the Group's interests.

[tara7] 05/10/2011 11:12

Please remove your above post

[tara7] 05/10/2011 11:11

Shares were sold by the director for 35p

See RNS

Rules stop a bid for six months under that price.!!

[kinghorm23] 05/10/2011 11:05

Posting more lies about plus shares.



Quote is 24-29p

[kinghorm23] 05/10/2011 11:04

Stop misleading with the plus market quote, what is the plus quote on the bid ?

You are shocking, read this again from final results !

The year to end March 2011 benefitted from a number of exceptionally profitable contracts which may or may not be repeated in the current year. Discussions continue with the parent company to evaluate how to align the Group's interests.