Virtue Broadcst Share Discussion Threads

[davidcod] 04/10/2004 11:03

3p - those two trades @ 2.25p and 2.225p are BUYS!

[davidcod] 04/10/2004 11:03

6 vs 1

unchanged since EVO moved the bid down @ 8.08am

[3parsnips] 04/10/2004 11:01

Virtue Communications

Could someone post the latest L2 Info + online buy/sell limits

The last 2 sell trades have gone through at 2.25p & 2.23P

Are the MM getting ready to move the price up ?

Thanks

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3Parsnips

[megsta] 04/10/2004 10:56

IMO, Virtue have let their own PR slip over the last 6 months; e.g. the Kamera web site posted the Vodafone deal months after the RNS was released.

This mornings RNS simply means that WTV have retained a client, which, I suppose, is better news than having lost them! Not as impressive as a new deal. And would have been better received if it had included some figures. But it does indicate that the company are improving their PR.

Brewin's Broker note should be out soon.

[luchan] 04/10/2004 10:34

fetch the disinfectant!!LOL!!

[ingridbalsam] 04/10/2004 10:32

hey daniel - kiss my ass

[daniel333] 04/10/2004 10:24

Ingridbalsam - 4 Oct'04 - 08:42 - 26473 of 26480


truck - i owned shares in VTB, and am quite upset at management, hence why i keep posting in hopes of clearing the cloudy air the exhume. apologies for not getting back to you earlier.
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What a load of old codswollop Ingridbalsam, you made a loss and can,t handle it,how pathetic. Stop venting your spleen and put it behind you.

[isis] 04/10/2004 10:21

Directors are obviously on here and some on here are too close to the company for any proper biased opinion.

[dell314] 04/10/2004 10:21

GGekkko - 4 Jun'04 - 13:01 - 15093 of 15097 edit

VTB FORECAST FOR THE YEAR ENDED 31.12.04

£2886k Opening Revenue as per results
£323k Unit.Net Full yr adjustment
£1900k Kamera
£251k Webcom part yr adjusted
£58k BT GS contract part yr adjusted
£368k Foroso part yr adjusted
£200k Announce TV part yr adjusted
£175k Vodafone contract part yr adjusted
£1482k Non contract work uplifted by 25%
£7643k TOTAL REVENUE FORECAST

£3400k Cost base stated as being £1.7m for half yr to 31.12.03
£1114k Further costs associated with new contracts and acquisitions in 2004
£48k Amortisation from 2003 results
£4562k TOTAL OPERATING COSTS

£3081k OPERATING PROFIT

No of shares in issue 315m

Earnings per share £0.0098

Apply PE ratio 20

Projected share price £0.20 or 20p

The figures assume conservative operating costs, and do not account for the additional revenue that could be gained from an acquisition using VTB's cash reserves. I have assumed operating costs are allocated to all new contracts, which is probably not the case given the RNS statement which said that VTB could substantially up revenue without adding costs. Therefore if operating costs were to stay at £3.4m, I have potentially overstated costs by £1m. This would mean a revaluation to the share price of 26p.

Assuming worst case costs, if an acquisition was made bringing in additional profit of £500k the share price would be forecast at 22p.

Assuming best case costs after this acquisition, the share price would be 29p.

I consider the PE ratio to be conservative.

I have detailed workings to all figures, which all originate from RNS's.

On this basis the share price is undervalued by a minimum of 17p, possibly undervalued by 19p after a conservative acquisition that would probably still leave cash.

Possibly undervalued by up to 26p after a conservative acquisition and assuming best case for the cost base.


In my opinion this business is considerably undervalued.

GG - to answer your question, I see a major reason to re-rate this stock. No doubt whatsoever.

GGekkko - Conman or cretin?
Cast your votes please....

Rgds
dell

[3parsnips] 04/10/2004 10:18

Virtue Communications

Hi Ingrid.

So on reflection...you said earlier..

"is this the first sign of the end of conferencing as a WTV/VTB product?"

It would appear that this is...Not to be the case..

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3Parsnips

[ingridbalsam] 04/10/2004 10:12

hey 3p funny how they now posted it up there. it was not there when i posted, and the release went out on the 1st on the VTB site, not today. i'm sure they reacted to the message on here. that should tell you something about what's going on with this product.

[3parsnips] 04/10/2004 09:54

Virtue Communications

Re : " Virtue Conferencing offers new and extended capabilities "

Ingrid was on her High Horse earlier,regarding a News item about "conferencing" which appeared on the (VTB) website this morning but not on the (WTV) website.

Well it is there when I looked...



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Ingridbalsam - 4 Oct'04 - 07:43 - 26453 of 26479

"did anyone see the press release on the VTB site, on the extended functionality of the the conferencing product. funny that the release is not displayed on the WTV site, even though there is a WTV contact on the release. is this the first sign of the end of conferencing as a WTV/VTB product?"

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3Parsnips

[luchan] 04/10/2004 09:47

Fetch the mirrors.....start the smoke.....LOL

[3parsnips] 04/10/2004 09:33

Virtue Communications

Re : Oakville's 500,000 Buy at 2.4p

Well over an hour has gone by after this BUY trade...still not shown up...
strange?...are the Market Makers intending to show this trade later..to make it look like a SELL

Has this BUY trade actually gone through at all?

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oakville - 4 Oct'04 - 07:41 - 26448 of 26476
Well i,m in this morning for 500k.

oakville - 4 Oct'04 - 07:43 - 26451 of 26476
my 500k seems to have moved the price, i paid 2.4p..

oakville - 4 Oct'04 - 07:48 - 26454 of 26476
well i tried to buy more after my 500k this morning, but am struggling, is this normal ?????

oakville - 4 Oct'04 - 07:55 - 26458 of 26476
through my broker 7.32am. You can trade anytime after 7.30, but you cannot shop around for the best price..

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08.00am...18,519 BUY...@..2.45p
08.04am...35,000 SELL..@..2.27p
08.07am...58,351 SELL..@..2.25p
09.03am..126,189 SELL..@..2.00p
09.21am...10,000 SELL..@..2.00p

* Not exactly the pattern we would expect with one or more 500,000 BUY trades being proccessed....is it ?

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3Parsnips

[nicknamesrsilly] 04/10/2004 09:24

We could do with an update giving us details of how much this series is worth to WTV/VTB.

I hope their financial ability is better than their english. "...to now ensure...", reminds me of the most famous split infinitive of all; "to boldly go".

[3parsnips] 04/10/2004 08:52

Virtue Communications

Re : (30.09.04): Virtue Conferencing offers new and extended capabilities
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"NEW" news item on the VTB website as mentioned in passing by Ingrid earlier

This item of news was just released ONLY on the VTB website...because it is not news that required an RNS..ie it is not news that has increased turnover by 10%+

The UN info on the other hand...required an RNS



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3Parsnips

[ingridbalsam] 04/10/2004 08:44

Euro: you are right about one thing, the possibility for VTB clients to become WTV clients - in size i mean, from 5 to 50K. that is where the opportunity lies for the new company.

[ingridbalsam] 04/10/2004 08:42

truck - i owned shares in VTB, and am quite upset at management, hence why i keep posting in hopes of clearing the cloudy air the exhume. apologies for not getting back to you earlier.

[3parsnips] 04/10/2004 08:35

Virtue Communications

Re : This mornings RNS

We turn on our computers each morning...Hoping that we will see some sort of Good News...Well this morning we did get..Good News..not earth shattering but a positive news item all the same.

It has often been said before that VTB/WTV...is NOT required to issue an RNS unless the deal being reported on ..represents 10%+ of turnover .

So presumably this news item represents a reasonable boost in income for the company.

Much better than a BAD news item

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3Parsnips

[isis] 04/10/2004 08:34

Why should the UN careless about how much they spend on Broadcasting?

[jam tommorow] 04/10/2004 08:31

Ingrid, I would like to ask you whether you were ever employed by VTB or WTV ?

Jam

[truckertee] 04/10/2004 08:27

Ingrid
I'll ask you a question I've asked you three times before to no avail,do you own shares in VTB/WTV?

[euro99] 04/10/2004 08:22

Ingrid... funny that!

>>Euro, you sound like VTB management