Sport Media Share Discussion Threads

[risk1] 24/3/2011 23:08

I can't believe that you bought them for 0.806p if you hadn't said i would have sworn that was a sell

[pedro57] 24/3/2011 15:51

Just topped up for 200K of shares at 0.806, crazy price, but happy to have had opportunity to buy at low price with prelims less than one month away. The size of my SPMG position is now what I want it to be.

[pedro57] 23/3/2011 08:46

The way I read this comment is that management is looking at ways to simplify the debt structure within SPMG as currently there are seven different loans with various maturities and interest costs. SPMG is probably targeting a refinancing of these loans at a lower intestest cost to ensure cost savings on the debt costs and a simplification of debt structure.

[risk1] 22/3/2011 21:54

pedro

how are they going to reduce their debt to a more manageable level?

what could this mean?????

As previously announced we have secured our funding through to March 2013 and
continue to have constructive discussions with our lenders with regards to
reducing the debt burden within the Group.


tia

[pedro57] 22/3/2011 18:30

Most of the recent trades going through have been buys, but volume of buy order generally too low to have a real impact on the share price.

[risk1] 21/3/2011 18:03

pedro

few trades today

buys or sells??

[pedro57] 21/3/2011 08:28

These trades were buys as the ask is currently at 1.01. I am currently saving up for one last top-up ahead of the prelim results, which are now only five weeks away. As stated before I do not think SPMG would have released their pre-close statement if they had not become more positive on their future.

[risk1] 20/3/2011 16:03

Pedro

the 2 x 100k trades on Friday had no effect on the share price

Were they both sells???

[risk1] 14/3/2011 18:00

was that really a sell at 0.75p????

[risk1] 14/3/2011 17:52

hi pedro

still confident then ;-)

[pedro57] 14/3/2011 11:03

Hi risk, ever since trading update I have been adding to my existing position and making use of the current quiet environment.

[risk1] 13/3/2011 23:29

may add this week

[knowing] 13/3/2011 23:28

Expect to see a run up to results day IMO

[risk1] 13/3/2011 23:25

very slow atm pedro

have you added any more yet?

[pedro57] 13/3/2011 23:23

I have not sold up just waiting for the prelim results end of April, which will be the next major catalyst for SPMG. I am sitting tight with my shares until a materially higher share price level.

[risk1] 13/3/2011 19:34

very quiet on here atm

spread is really tight 1-1.05

has pedro sold up???

[knowing] 10/3/2011 12:25

Can buy for 1.05................whats the point with this spread!!

[risk1] 08/3/2011 19:51

time for a little move north soon?

[knowing] 02/3/2011 13:11

Couple more of those may get this moving again

[pedro57] 02/3/2011 11:26

Nice to see a 333K buy today, looking at online prices it is clear that overhang in SPMG has cleared and I do not think it would take a lot of buying for shares to move higher (they are already price one-third higher than a couple of weeks ago). I am however disappointed that we did not get more of a share price reaction to pre-close statement on Friday, which I thought was really good. In my view fact that LSE was offline for half the day took the shine off of this good statement, which is a shame. I will be adding to existing position into FY10 results end of April given my view that worst is over and results should shed positive insights into 2011 performance.

[risk1] 27/2/2011 23:46

i think so too

hold tight to your shares

[knowing] 27/2/2011 23:43

With supportive banks I think that the model which must have been presented to them must have shown confidence going forward. Good opportunity to get in at this low price.

[pedro57] 27/2/2011 03:36

The 0.4p EPS was from Daniel Stewart, which is SPMG's house broker, they have however not had the best track record in financial projections for the group having covered them since SPMG listed.

[risk1] 26/2/2011 23:20

thank you

is your estimated eps for the year ending 31st Dec 10 still 0.4p and what share price would that give ?

[pedro57] 26/2/2011 16:37

EBITDA was -£440K over this 17-month period.