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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Simian Glbl | SMG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 17.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 17.50 |
| Top Posts |
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Posted at 02/10/2008 16:47 by pjetr Have been following this from a distance and I have to say: this re-structuring exercise is really impressive.From an investor perspective I now see: 15 mn net debt. 110 mn revenues per year (with good potential to increase) Operating profit 10 mn per year (with good potential to increase) for me this leads to a correct (in calm financial markets) market value of about 100 mn 36 mn shares --> equals about 300p/share so at current prices, this share is good value me thinks. all agree? PS: + once, in 2-3 years economy is back on track, revenues and profits can rise substantially. |
Posted at 13/6/2008 10:23 by acornoptical i think the returning of cash to share holders was a sweetner for investors to take the rights issue up it was said that on the sale of virgin the co. would return the capital to share holders in the most tax effective way. |
Posted at 09/6/2008 13:47 by cockneyrebel a few buyers today on a weak day.Personally I think most investors don't register there's 3.15p a share coming back to shareholders here, but it will register better on the EGM statement to give it the ok imo. A bit of news on the sale of Pearl & Dean sould drive real interest too imo. This must be the most famous bit of ad music ever CR |
Posted at 02/2/2008 12:16 by diku gerryThe rights issue was taken up by 57% of the shareholders...now that is not a very positive outcome in terms of confidence and the timing of the issue to coincide with the credit crunch, investors keeping money to themselves...does that mean there is a lot of new shares still to work through the system with the institutional investors who are probably willing to pay less than the issue price of 15p...any views... |
Posted at 18/1/2008 16:16 by time to share GerryMaybe you could copy my post below and add it into the header under the news tab. This would let any potential new investors know what thecompany is all about... Activities SMG plcs principal activities are the production and broadcasting of television programmes, local and national radio production and broadcasting, the sale of advertising airtime and space in these media and in outdoor, cinema and internet services. The Groups principal operating subsidiaries are: Grampian Television Limited; Pearl & Dean Cinemas Limited; Primesight Limited; SMG Television Productions Limited; Scottish Television Limited; Virgin Radio Limited. |
Posted at 01/10/2007 10:17 by acornoptical the update was welcomed by investors ..... NOT !!! |
Posted at 06/9/2007 11:04 by gerry321 Acornthis may help.... Worked Principal Transaction A transaction under the WPA regime takes place in the following manner. An institutional investor, such as a pension fund wishing to buy or sell a large number of shares, contacts a broker dealer. At this point, the parties enter into a provisional agreement and agree the basic terms for the trade including limit price and size on which improvement must be sought by the broker dealer. This agreement, between the broker dealer acting as principal and the institutional investor, is known as a Worked Principal Agreement. The terms of this agreement are reported to the Exchange but are not published. After the parties have entered into the agreement, the broker dealer searches for counter parties with whom to offset the trade. If no counter parties have been found, the deal will still go ahead, with the broker dealer meeting the customer's entire requirement by adjusting his own holdings of the stock. It is a requirement of the regime that the broker dealer should attempt to improve on the terms of the original agreement. The parties must execute and report the trade by either (a) the end of the trading day, or (b) when the broker dealer has found counter parties for 80% of the value of the trade,whichever is the earlier. If they so wish, the parties can carry out the trade earlier than either of these times. The regime is restricted to trades instigated by the customer that are larger than eight times the Normal Market Size (8 x NMS) for the security concerned. |
Posted at 04/9/2007 17:32 by phar lap Shares and other interestsAs at 18 April 2007, the Company had been notified of the following interests of 3% or more in its ordinary shares: Total Shares % Granada Media 53,018,744 16.75 Fidelity International 41,006,546 12.96 Hanover Investors Partners 39,776,518 12.57 Morgan Stanley Investment Management 28,191,380 8.91 UBS Global Asset Management 15,871,076 5.01 SVG Capital 15,574,779 4.92 Legal & General Investment Management 12,518,216 3.95 JP Morgan Asset Management 10,546,178 3.33 Mr Christopher Evans 9,962,840 3.15 |
Posted at 12/4/2007 14:19 by johnroger The House Of Hanover By Padraig O'Hannelly | 12 April 2007 | Turnarounds are risky, but the potential rewards are huge. The specialist skills of turnaround experts can add significant value to a company, and occasionally these skills are introduced by a new investor. Whether described as 'activist shareholders' and 'turnaround specialists', Hanover Investors demonstrate this point beautifully. Targeting businesses where under-performance can be attributed to company-specific problems, rather than general sector weakness, the usual modus operandi includes: taking a significant minority shareholding, but not taking the business private;joining the board, sometimes replacing existing directors;re-focusin 4imprint (LSE: FOUR) -- promotional products. After Hanover bought in 2003, the company replaced its CEO, overhauled its US activities, and embarked on a restructuring program. Having doubled its money in just over a year, Hanover sold out, but 4imprint has continued to soar. Elementis (LSE: ELM) -- speciality chemicals. Hanover bought in January 2005, and sold in mid-2006 at more than double the buy-price. Brought the core chromium business back to profit. Cosalt (LSE: CSLT) -- diversified company including caravans and safety equipment. Having unsuccessfully attempted to sell off two businesses since Hanover joined in March 2006, Hanover's founder and managing partner joined the board in recent weeks. Scapa (LSE: SCPA) -- tapes and cables. Hanover came on board in June of last year, and has so far sold off two businesses. Renold (LSE: RNO) -- industrial chains. Also bought last summer, Hanover disposed of non-core businesses, and will fund the rest of the restructuring from sales of property. New factories have been opened in Poland and China. Spirent (LSE: SPT) -- performance testing for telecommunications networks. Hanover affiliate Sherborne Investors bought a piece of this in August 2006; a boardroom battle ensued, which Sherborne won in December, and the CEO left last month. The results of a strategic review is expected in the coming weeks. SMG (LSE: SMG) -- broadcast media, including Virgin Radio. Hanover bought in at the end of January, and within a month had scuppered plans for a merger with UTV, and orchestrated a shake-up of the board. Plasmon (LSE: PLM) -- data storage. Hanover bought into Plasmon last month, at the request of the existing board. To see how Hanover has managed to catch some falling knives without losing any fingers, just look at the share price performance in the year before Hanover got involved, and the subsequent growth: Prev Yr 1 day 1 week 1 month 1 year To date 4imprint -52.6% 5.6% -0.3% 25.1% 228.2% 1039.5% Elementis 15.8% 9.4% 15.2% 19.6% 134.8% 172.7% Cosalt -24.0% -0.6% 0.6% 3.0% 26.2% 41.4% Scapa 4.1% 0.0% 0.0% 2.9% 28.1% Renold 14.4% 0.8% 1.6% 11.3% 125.8% Spirent -19.2% 5.0% 16.3% 16.3% 56.3% SMG -30.3% -1.6% 7.6% 8.4% 2.8% Plasmon -60.8% 36.6% 85.4% 70.7% 68.3% While I wouldn't recommend blindly following any particular investor, it's certainly worthwhile keeping an eye on Hanover. It may have a lot on its plate at the moment, but considering its record I wouldn't bet against it |
Posted at 25/2/2007 11:10 by rivaldo From the Scottish Herald - looks like things are about to warm up here..."SMG-UTV merger faces blockPAUL ROGERSON, City Editor February 23 2007 Speculation is mounting that City turnaround specialist Hanover Investors could attempt to block the £400m merger of Scottish media group SMG with Irish peer UTV, after Hanover acquired a hefty stake in the Glasgow-based company. Hanover has a track record of forcing changes at companies which it believes are underperforming. The activist investor is understood to be unhappy that SMG reopened merger talks on poorer terms than those it had rejected last summer. Market talk suggests Hanover may be planning to seek an extraordinary meeting to thwart the deal and call for the removal of SMG chairman Chris Masters. The investor is understood to have close links with Rob Woodward, the Scots-born former Channel 4 commercial director linked to a takeover bid for SMG last year. Woodward was touted as a replacement for former SMG chief executive Andrew Flanagan. The STV owner has been without a chief executive since Flanagan left abruptly last July and the company suspended its search for a new one pending the outcome of the UTV merger talks. Another twist in the developing saga is that Hanover is also close to fellow SMG investor SVG Capital, which itself backed Woodward's installation as the Glasgow company's new head. Hanover has increased its stake in SMG from 5.4% earlier this month to 12.6%, with more than 30 million shares in the owner of STV and Virgin Radio changing hands over recent days. Though this investment is currently passive, industry observers do not expect this to remain the case. Hanover specialises in turnaround opportunities and has chalked up some successes, including Elementis, the chrome chemicals specialist, and 4imprint, the promotional products group. At the end of last year it drummed up support from institutional investors for a boardroom shake-up at declining English engineering company Renold. Talks between SMG and UTV are understood to be continuing, amid rumours that the two cannot agree on the equity split. SMG is progressing the sale of its cinema advertising subsidiary Pearl & Dean and outdoor advertising business Primesight. The company also owns Virgin Radio, which it bought from media celebrity Chris Evans around the top of the market in early 2000. It subsequently paid a relatively high price for a stake in Scottish Radio Holdings and failed ultimately to prosecute a merger with SRH, which was later sold to EMAP." |
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