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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Screen Fx | LSE:SFX | London | Ordinary Share | GB00B23Z3283 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.10 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
13/9/2007 11:58 | Old news, as time goes on it does not look good, its all down to cottman. our money is in his hands. | cgod | |
06/9/2007 08:44 | cgod the company has no debt so an equity fund raising is definitely going to happen. The question is at what price and subsequent dilution. The company has a value so the injection of £2.5m is likely to extract that residual value. If it had debt I would agree - it would be adios. I expect they'll get the financing done at about .15p so they issue 1.5 billion shares at that level meaning there will then be about 3.7 billion shares. If the post money valuation is about £5m then the share price will be about 0.135p. If the company actually then does have enough to make the business work and the business model does actually work then the company should reach a valuation of about £15m in 2 years time. Then the shares will be worth about 0.5p Down but not out. | dealy | |
06/9/2007 08:08 | I am sorry to say this one is a is not comming back. Cottman like the rest of us have lost all our money. You live and learn, you would of thought that with cottman investing 3 million of his own money into Screen FX it would have been a safe investment to follow, how wrong i was. | cgod | |
05/9/2007 16:23 | ScreenFX plc ("ScreenFX" or "the Group") Result of AGM ScreenFX plc (AIM:SFX), the digital advertising and communications specialist, confirms that all resolutions put to shareholders at the Annual General Meeting held today were duly passed. - Ends - SO............. | k123 | |
05/9/2007 11:28 | Thought about it, but London with a underground strike - No thanks. I still think this is all within what management expected so have my fingers crossed for something positive. | ljsquash | |
05/9/2007 08:30 | Any one going to the AGM today? | cgod | |
04/9/2007 18:14 | The last three paragraphs of the AGM RNS also agree. They knew this may be likely yet were still confident. The Group also announces its intention to seek shareholder approval at the AGM for the consolidation of its ordinary shares. In the proposed consolidation, 100 old shares of ScreenFX common stock, with a value 0.1 pence each, will be exchanged for one new share, with a value of 10 pence each. Every 100 deferred shares of 0.1 pence each will also be exchanged for one new deferred share of 10 pence each. The Directors will be underwriting the initial operating expenses of £125,000 during the early stages of the fund raising process by way of secured loans which will be converted post the fund raising into equity along with other Director and adviser loans which total a further £472,000. Mike Cottman, Executive Chairman of ScreenFX, commented: 'The delivery of top-line sales revenue, combined with the significantly reduced overheads should deliver a strong and valuable mall business in the future.' | ljsquash | |
04/9/2007 18:11 | Agree with the poster below.....sfx still confident of raising funds imo,dyor;-): Paul Augustus - 4 Sep'07 - 17:30 - 1098 of 1098 Screen FX said today it still enjoys the support of institutional shareholders, subject to the company being able to fulfil its funding requirements. TFN.newsdesk@thomson ssr/lam .........well it's not over until it's over as the saying goes. Given that the institutions have stumped up half the 2.5mil they must have some confidence left in sfx. Still a light at the end of the tunnel all be it a glimmer. | pre | |
04/9/2007 17:30 | Screen FX said today it still enjoys the support of institutional shareholders, subject to the company being able to fulfil its funding requirements. TFN.newsdesk@thomson ssr/lam .........well it's not over until it's over as the saying goes. Given that the institutions have stumped up half the 2.5mil they must have some confidence left in sfx. Still a light at the end of the tunnel all be it a glimmer. | paul augustus | |
04/9/2007 14:53 | Just spoke to share price brokers they are all gutted and working flat out to get the funding. AGM is on. | cgod | |
04/9/2007 14:40 | Rereading the AGM RNS this was all hinted at - yet management seem confident that after the shares approval and consolidation (if both approved). Notice of AGM, strategic business update and further funding ScreenFX plc (AIM:SFX), the digital advertising and communications specialist, confirms that the Group's Annual General Meeting will be held at the offices of Halliwells LLP, 1 Threadneedle Street, London, EC2R 8AY on 5 September 2007 at 12:30pm. Business and funding update The Group has received interest in its recently announced National Advertising Sales Agreement tender process. Combined with the recent progress of a new performance-driven local sales model, the Group therefore announces that the non-binding indication of interest with a major advertising company, as announced on 15 May 2007, has concluded and the Group will not be continuing talks in this regard. Instead the Group will look to grow from its current 22 operating malls to the next 20 malls with whom it has firm commitments, taking the total to 42. The Group has a further 40 malls in the pipeline. As such, the Group is forecasting to have in excess of 60 malls installed by the end of 2008 which will deliver advertisers a means to access a total footfall of approximately one billion people per annum. In order to cover operating expenses during this process, and to implement adjustments to the business model that are projected to bring the Group into reporting an operating profit by the end of 2008, the Group is seeking further funding by way of debt or equity of a minimum sum of £2.5 million plus costs. The Group has already secured indications of support in principle from certain existing institutional shareholders for £1.25 million towards the total needed. Approval needed for the further share placing is to be sought at the AGM with the Admission of the new ordinary shares expected to take place on 11 September 2007. The Group also announces its intention to seek shareholder approval at the AGM for the consolidation of its ordinary shares. In the proposed consolidation, 100 old shares of ScreenFX common stock, with a value 0.1 pence each, will be exchanged for one new share, with a value of 10 pence each. Every 100 deferred shares of 0.1 pence each will also be exchanged for one new deferred share of 10 pence each. The Directors will be underwriting the initial operating expenses of £125,000 during the early stages of the fund raising process by way of secured loans which will be converted post the fund raising into equity along with other Director and adviser loans which total a further £472,000. Mike Cottman, Executive Chairman of ScreenFX, commented: 'The delivery of top-line sales revenue, combined with the significantly reduced overheads should deliver a strong and valuable mall business in the future.' | ljsquash | |
04/9/2007 12:42 | I dont think that will now happen. | cgod | |
04/9/2007 12:35 | Anyone going to the AGM tomorrow? | paul augustus | |
04/9/2007 12:33 | Maybe,maybe not? | k123 | |
04/9/2007 10:45 | I find it very hard to understand how all this happens. In June they raised £1M with a share issue of 200M shares @ .50p the price on the open market .35p. 2 Months later wants £2.5m more which if raised you may have to pay .15p which means 1.5Billion shares being issured. and that would only keep them going until the new year. I can't see people investing more money into this unless its for tax losses. This stock is dead i think. | clivee | |
04/9/2007 08:56 | cgod welcome to the club! | dealy | |
04/9/2007 08:48 | How many stocks that have been SUPP, do come back. Not many. | cgod | |
04/9/2007 08:47 | Its not looking good. With all the credit problems around the world, extra funding will be hard to get at this time. The only good thing is that Cottman has invested over 3 million into Screen fx, so i would of thought he will be pulling out all the stops. But i have to say its not looking good. | cgod | |
04/9/2007 08:38 | They are looking for £2.5 million and have £1.25 million already pledged so fingers crossed this could be sorted fairly quickly with some new money into the company. | ljsquash | |
04/9/2007 08:13 | 1smart any thoughts? | ljsquash | |
04/9/2007 08:10 | It certainly looks a disaster at the moment, but if funding in place at a sensible price the company can and will go forward.No need to buy at these levels though this story has not yet begun. Plenty of time I imagine.I do like the train opportunity around London if it happens!! Credibility here not good. | holism |
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