We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Simian Glbl | SMG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 17.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 17.50 | 17.50 |
| Top Posts |
|---|
Posted at 06/9/2008 22:12 by jeffreyarcher Strewth! I really despair at times.>> Longtech - #98 Not a great deal for small shareholders. Of course it's a good deal for small shareholders. 1) What usually happens (although there have been some exceptions recently) is that the company pays a special dividend, thus reaming the small shareholder, because he has to pay higher rate (if liable) tax on the dividend. By buying the shares back, it is treated properly, i.e. as capital.. 2) They are saying that they will not scale back very small shareholders who tendered at the striking price (which would have left them with an even more unsaleable rump of sahres). I'm guessing most buying at higher prices, will still make a loss. Bloody hell! What insight. Actually, I think that you'll find that all, not just most, of those buying at a higher price will make a loss. >> Gerry321 - # 99 If I do nothing I will keep my shares and then have them consolidated free of charge at the "consolidated equivalent" of the strike price This is nonesense, they will be consolidated at a rate of 1:20, end of. If I offer to sell at 15p then my shares will only be bought if the bulk of current holders decide not to participate thus reducing the no of shares for repurchase and pushing the share price up to 15p Totally wrong. If you tender them at 15p, they will only be bought if the striking price is 15p. If all of the other shareholders also tendered their shares at 15p, yours would still be bought, but would be scaled back (as would theirs) unless you held less than 10,000 shares. >>Longtech - #100 I would have thought that anyone who wants to sell, through the Tender Offer will put them up at 15 pence, that is plain common sense. More bull. First of all, you have to deicde what price you are prepared to sell at. If you have a floor (e.g. 12p), you have to tender at that price. If you want to sell, whatever the price, you tender at 9p. You don't get the 9p, you still get the striking price, but doing this ensures that you won't be scaled back (this isn't a problem if you have less than 10,000 shares). Institutions, of course, can't do that, because they would move the striking price down; but a small holder isn't gong to move the striking price. Also I anticipate no dealing costs Of course there won't be. SMG I'm sure expect this and will take out the 200 million, rather than the higher figure of 333.333 million at 9 pence. SMG have got no control over it. It depends what's tendered. As you can see the SP, in the short term, will get quite an uplift to around 15 pence Why on earth would it do that? 1) Purchasers haev no way of knowing what the striking price will be, and 2) SMG are only spending ~£30M on buying back shares. The higher the striking price, the fewer shares that are bought back, and the less the benefit of the buy-back to those who remain (which is the object of the excercise, i.e. to create benefit for those who remain). >> Time To Share - #101 .. they want to cancel between 200m shares @15p and 333.333m shares @9p. Almost right, but you've got the cart before the horse. The figures that you quote are given for illustrative purposes; the key is the £30M. They are allowing small shareholders to sell their entire holdings upto 10,000 with no costs. Not at all. All that they are saying is that, if a small shareholder tenders at the striking price (by coincidence, or by electing to do so), he will not be scaled back. Nobody, big or small, has any costs. will depend on how many shares in total are up for sale. No; it depends upon whether you tendered at the striking price, or not, and if so, how much the tender would be oversubscribed if all the shares offered at the striking price were taken up, and hence the amount of the scale back So assuming you want to sell all your shares, if only 200m are up for sale via the tender offer, then you will recieve 15p per share.But if its the full 333.3m or oversubscribed so to speak, then you will recieve 9p per share. No; you will always receive the striking price, assuming that you tendered at or below the striking price. >> Gerry 321 - # 103 Longtec / Time To Share Thanks very much indeed for such clear feedback A shame it was so much bull. Methinks I will hold since I cannot be sure I would get 15p and wouldnt sell below 15p in any event If you wish to sell at 15p, but not below, you should tender at that price. If the striking price is below 15p, your shares won't be bought. |
Posted at 05/9/2008 13:15 by time to share Just had a quick look at the news feed.The way i see it is this is effectively a share buyback. The company is using the £30m from the sale of V.R. and instead of paying a divi to their shareholders, they want to cancel between 200m shares @15p and 333.333m shares @9p. They are allowing small shareholders to sell their entire holdings upto 10,000 with no costs.Any shares above a total of 10,000 you want to sell via the tender, will depend on how many shares in total are up for sale. There are 951m shares in issue and they will agree to cancel upto 333.3m. So assuming you want to sell all your shares, if only 200m are up for sale via the tender offer, then you will recieve 15p per share.But if its the full 333.3m or oversubscribed so to speak, then you will recieve 9p per share. If you do nothing and continue to hold,end of September,your holding will be consolidated by 20:1. I would assume 12p will be key, because this is the mid between the tender offer`s price of 15p to 9p. |
Posted at 05/9/2008 12:11 by longtech My understanding is that if you do not participate, your shares will be consolidated 1 for every 20 you hold, at no cost.If you do nothing, you do not participate in the Tender Offer and the value of your shares is that of the market. I would have thought that anyone who wants to sell, through the Tender Offer will put them up at 15 pence, that is plain common sense. Also I anticipate no dealing costs SMG I'm sure expect this and will take out the 200 million, rather than the higher figure of 333.333 million at 9 pence. As you can see the SP, in the short term, will get quite an uplift to around 15 pence and the exit of a significant number of shareholders, with small parcels of shares. However after the consolidation I would expect a slight dip, unless we get further good news or the markets pick up generally. I bought more this morning and am inclined to hang on long term. They are clearly comfortable with the amount of debt and with Virgin radio gone, are a more focussed Scottish Media play. This is my take, I am no expert and if in any doubt seek professional advice |
Posted at 22/8/2008 09:13 by acornoptical i was a holder of vod when that happened.the smg comment was to return the money in the most tax effective way.ipresume they wont be paying a divi on there trading success so we will have to wait and see sometime in sept cant remember seeing any dates |
Posted at 21/8/2008 08:34 by acornoptical they stated in the rights issue they would return the procceds of the virgin sale to share holders .debt free would be very good for the long term i am because of share price now along term holder. the large institutions may demand a return or special div.vod did both share consolidation and special divi . |
Posted at 20/8/2008 23:05 by diku I doubt if the special dividend will be in a form of a free lunch...those days are gone...more like a buy back, pay off/reduce debt and or share consolidate...shareh |
Posted at 20/8/2008 14:12 by she-ra ACORNOPTICAL - Do you think they might change their mind about the special dividend?And do you think maybe they should anyhow withdraw it considering that now would be a good time to be debt free with the way advertising is going? |
Posted at 01/6/2008 11:05 by time to share Well its reported on teletext ch.4 that SMG is to sell Virgin Radio to TIML for £53.2m.SMG chief exec Rob Woodward described the move as a good deal for shareholders. SMG is expected to use the money to reduce its debts. Did someone on here not mention earlier that we would get a "special dividend" from the proceeds of the sale? At least the shareprice has been moving in the right direction for us lately so we will see how it does on Monday with this news. |
Posted at 25/10/2007 13:39 by ards SMG reeling as shares slump after criticismTERRY MURDEN BUSINESS AND CITY EDITOR SMG is maintaining a "business as usual" response to a collapse in its share price that has left the company worth little more than it was hoping to get from the sale or flotation of Virgin Radio. A bearish analyst's report on the media sector was blamed for a slump in the shares to a close of just 27.75p, valuing the company at £88m. SMG was pinning its hopes on selling Virgin Radio for between £60m and £75m to help clear its debts. Rob Woodward, who was installed as chief executive in a boardroom coup in the spring, wants to create a business focused around television, but he has been hindered by the crisis in the financial markets which forced the postponement of the flotation, and subsequent sale, of Virgin Radio. The circular from Numis Securities' analysts Lorna Tilbian and Paul Richards, published on Thursday, identified free-to-air broadcasters in television and radio, such as SMG, ITV and GCap (owner of Capital Radio and Xfm), as most vulnerable to another downturn in equities. "Groups in this sub-sector are early cycle, operationally geared, face structural challenges, carry debt and are highly rated," says the note. "We believe there are material structural threats to free-to-air broadcasters, both in television and radio. In our view, the outlook for subscription services is much brighter, with more homes continuing to take digital television ahead of analogue switch-off in 2008-12." Although UTV shares some of the characteristics of the other free-to-air companies, its lower rating is likely to lessen the impact on its shares. Even so, UTV's shares also fell last week. Using a sum-of-the-parts valuation, Numis values SMG at 36p a share. "We view SMG as a high risk investment due to its highly geared balance sheet, which necessitates the disposal of Virgin Radio to bring debt down to a manageable level," it says. One source familiar with SMG admitted that the note had caused a shock to the shares, but he said the underlying value of SMG was being held back by uncertainty over the future of Virgin Radio. There were rumours last week that BSkyB was circling the radio business and may be prepared to pay £75m for it, though this was before the recent slump in the shares. If it were to swoop on the station which SMG had hoped to float at about this time, it could prompt another spat with Virgin brand owner Sir Richard Branson who is also believed to be eyeing the business. UTV is also among those interested in acquiring Virgin Radio. SMG declined to comment, except to say that it was continuing to progress along the lines outlined in its strategy. Related topic * Scottish Media Group This article: Last updated: 21-Oct-07 01:03 BST |
Posted at 28/2/2007 17:04 by cockneyrebel It's all going to plan imo.Of course there was an initial dip on the RNS that said the bid was off but then the market realiesed it was a nil premium bid anyway so why should it fall? UTV was stealing the co off us. Hanover have their way, they have the plan - the whole board has resigned - so what, they'd have been sacked anyway and they threatened to resign before when Fidelity got heavy. You're going to see the true valuation of the sum of the parts show up here now imo. Hanover will sell a few bits, do a few things differently, sort the pension and get the true value out of here imo. The press will be on the case now imo - watch for news tomorrow and tales of Hanover past performance at ELM, FOUR and RNO. -------------------- LONDON (AFX) - Media group SMG PLC said talks with UTV PLC about a potential merger have ended and its chairman has stepped down, although UTV said it reserved the right to make another offer. SMG announced in December that it had received an approach from UTV regarding a possible nil-premium merger, based on relative market values, and that it had entered into discussions with UTV about a potential deal. However, in a statement this afternoon, SMG said that as a result of board changes and differing views over the level of SMG's pension liabilities, the discussions had been terminated. "Following the termination of these merger discussions and in response to a request from Hanover Investors Management LLP, (which) has the support of a group of shareholders, Chris Masters has agreed to step down as chairman and the board has appointed Richard Findlay as the new chairman of SMG with immediate effect," the statement said. "In addition, David Dunn, Steve Maine, Martyn Smith, MT Rainey and Tim Gardam have resigned with immediate effect." SMG said in a later statement that former Channel Four commercial director Rob Woodward had been appointed as chief executive and that George Watt would be finance director, with Donald Emslie becoming executive director. Hanover Investors is a turnaround investment specialist and 12.6 pct shareholder of SMG, the statement said. Findlay said: "I am delighted to have been appointed to take the company into a new period of transition and development. I will be working closely with our new team, led by Rob Woodward to implement a strategy to deliver value to our shareholders". Woodward said: "I've observed the business closely for some time and am delighted to have the opportunity to revive its fortunes. "This business displays some unique assets, along with a wealth of creative talent. "I very much look forward to unlocking its future potential, serving its audiences and participating fully in the digital world." SMG said its shareholders should note that it announced on Jan 29 the details of its new funding agreement with the trustees of its pension schemes. It also said the processes continue for the disposals of Primesight and Pearl & Dean. Further announcements will be made in due course and SMG's bank syndicate has been kept informed of developments, it said. UTV said in a statement that it had identified certain concerns, including SMG's pension deficit, in the process of conducting due diligence on SMG. It said it made the concerns known to SMG and made it clear that it wished to either review the terms of its original proposal or to withdraw its proposal. UTV added that it reserved the right to announce an offer or possible offer for SMG in line with City takeover rules, which prevent UTV from making another offer unless there is "a material change of circumstances or there has occurred an event which UTV has specified in this statement as an event which would enable the statement to be put aside." philip.waller@thomso paw/tc COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited For more information and to contact AFX: www.afxnews.com |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
