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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Simian Glbl | LSE:SMG | London | Ordinary Share | GB00BDHBGL97 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 17.50 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 17.50 | GBX |
Smg (SMG) Share Charts1 Year Smg Chart |
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1 Month Smg Chart |
Intraday Smg Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 19/5/2022 | 11:56 | SMG 30p by July 2009 | 109 |
| 08/9/2008 | 16:16 | SMG - is it value? | 1 |
| 01/3/2008 | 21:58 | SMG 2p by July 2009 | 1 |
| 16/1/2008 | 17:18 | Hanover buys SMG stake | 361 |
| 04/7/2007 | 19:42 | liberty makes a move? | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 06/9/2008 21:12 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 10:13 by gerry321 LongtecCan you confirm that I have understood this correctly 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 which presumably would be roughly the equivalent of 3p per share more than yesterdays price of 9.95p ie 3/9.5 or 30% higher share price than would otherwise be the case on the date the strike price is determined 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 |
Posted at 05/9/2008 09:44 by longtech Not a great deal for small shareholders.The chance to get out at a higher price than today, I'm guessing most buying at higher prices, will still make a loss. I was fortunate to buy last week at what looks to be the low. It's good news for those who hold, reduction in shares in issue, albeit an increase in debt. Reduced cost in shareholder administration. As the recession is well under way and the market is forward looking, I am confident we will see a slow upturn in the share price from now on. |
Posted at 03/6/2008 11:44 by acornoptical CR i have read with interest over the past couple of years your posts on various boards i always start my interest in shares with directors buys then with options linked to improvements in share price/ profitability i hold a lot of these shares and did take the rights issue up before xmas . i said in an earlier post that in a recession tv co.s do well with advertising and now when virgin is gone they will be able to concentrate on getting there content right and driving revenue from advertising.am i correct in thinking that you are a fan of hanover cos if memory seves me right the boards you have been on have been linked to them? i think for the directors option to work the share price has to be 30 plus in about 18 months whitch from this level will do us no harm. |
Posted at 01/6/2008 12:36 by acornoptical i was under the impression tha the rights issue would reduce the co. debt and that any sale would be returnes to share holders in the most tax effective way ie a special divi. they might do the same as voda did a couple of years back special div and a share consolidation. as far as share price as i said i wish i had the funds to top up @ 10/11p but ho hum no funds it should have positive impact on share price but what was the book value of virgin 83mill?? . now that vigin is sold will it make smg more attractive to utv? |
Posted at 11/3/2008 09:16 by acornoptical very depressing apparently 4 interested in virgin after the sale? they will return capital to share holders how much depends on sale price i presume at this rate the share price will be lower than the poss. 7 p they could be returning to us that must value smg at about 5p that can never be right with the majority of the shares held by funds who will be in the same vote as us this must be reaching a point where utv can get smg for a real steal. the larger holders will want more for this than the share price i am awaiting funds to average down again. i presume all will be revealed beginning of april .the fact of no news is always a worry |
Posted at 16/1/2008 16:17 by gerry321 ........WellIf the whole of SMG is worth 15p/share and Virgin wont be sold below £100m this suggests the rest of the Co is worth £35m........thats getting to the stage where a big advertiser might as well buy the TV Station since he could get over 4000 minutes pa of advertising for a one off capital cost of under £1000/min .......makes you think The MD of SMG certainly thinks 15p is well undervalued and he has a track record in the media......His financial future is well locked into turning round the business and no doubt he had an eye on the share price impact when he decided to bite the bullet and go for a rights issue rather than sell Virgin Radio at a distress price..... Rob Woodward dependency on improving the share price is shown below....It is mirrored to a lesser extent obviously in the incentive plan for the other Directors ie 4 July 2007 Rob Woodward bought 75000 shares at 52.5p 12 July 2007 Rob Woodward granted options on 2,235,294 shares at 51.5p Woodwards buy price pre rights of 52.5p is equivalent to an share price of 27.5p so although it is a modest investment he doesnt even break even on this recent purchase until the share price returns to 27.5p likewise his options are worthless until the share price reaches 27.16 The terms of these options adjusted for the rights issue are that Woodward can exercise pro rata up to 33% of the option ie 745098 options if the share price has exceeded 30p up to 43.3p in the 30 days leading up to 12 July 2008 with a further 74098 options released if the share price has averaged 36.67p up to 50p in the 30 days leading up to 12 July 2009 with a further 74098 options released if the share price has averaged 43.33p up 56.67p in the 30 days leading up to 12 July 2010 With the share price so far below where it was expected to be post rights I would like to see RW and his Board investing 6 figure sums in the business.....This would demonstrate confidence in the immediate future...... So assuming things dont go to plan ....which they rarely do Wodward will fail to get the share price up and over 30p by july 2008 But will do so by July 2009 thus enabling him to exercise some of his options around 3 yrs after taking over Hence the fairly modest headline SMG 30p by July 2009 still a 100% rise in 18 months which cant be bad in a recession |
Posted at 15/12/2007 19:37 by gerry321 PjetrThe MD of SMG certainly thinks 15p is well undervalued and he has a track record in the media......His financial future is well locked into turning round the business and no doubt he had an eye on the share price impact when he decided to bite the bullet and go for a rights issue rather than sell Virgin Radio at a distress price..... Rob Woodward dependency on improving the share price is shown below....It is mirrored to a lesser extent obviously in the incentive plan for the other Directors ie 4 July 2007 Rob Woodward bought 75000 shares at 52.5p 12 July 2007 Rob Woodward granted options on 2,235,294 shares at 51.5p Woodwards buy price pre rights of 52.5p is equivalent to an share price of 27.5p so although it is a modest investment he doesnt even break even on this recent purchase until the share price returns to 27.5p likewise his options are worthless until the share price reaches 27.16 The terms of these options adjusted for the rights issue are that Woodward can exercise pro rata up to 33% of the option ie 745098 options if the share price has exceeded 30p up to 43.3p in the 30 days leading up to 12 July 2008 with a further 74098 options released if the share price has averaged 36.67p up to 50p in the 30 days leading up to 12 July 2009 with a further 74098 options released if the share price has averaged 43.33p up 56.67p in the 30 days leading up to 12 July 2010 With the share price so far below where it was expected to be post rights I would like to see RW and his Board investing 6 figure sums in the business.....This would demonstrate confidence in the immediate future...... |
Posted at 25/10/2007 12:39 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 25/2/2007 12:04 by cockneyrebel Yep, just as suspected - Hanover will work with the existing investors, get their own guys or see the right guy installed then revive SMG just like the other's they have got hold of.Sum of the parts at SMG look far greater than the whole and I bet Hanover can see even more than any of us mere mortals imo. Looking forward to the next few weeks - certainly no bid premium in the SMG share price for a poor merger with UTV imo. CR |
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