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VTB Virtue Broadcst

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0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Virtue Broadcst LSE:VTB London Ordinary Share GB0001826071 ORD 2.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
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
- 0 GBX

Virtue Broadcst (VTB) Latest News

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Virtue Broadcst (VTB) Discussions and Chat

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Date Time Title Posts
31/3/200516:33virtue broadcasting, help needed7
09/11/200408:25VIRTUE Broadcasting - Next stop 20p27,099
09/10/200416:51VIRTUE Broadcasting - 10p next stop1,473
06/10/200422:33VIRTUE TO TOP 25p soon Find Out Why61
05/10/200422:14Cane a Market Maker day!6

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Virtue Broadcst (VTB) Top Chat Posts

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Posted at 20/10/2004 12:08 by kanebill
3p

VTB would show a real loss still. Counting cash in the bank raised as a result of share issues hides the real figures. Comparing the "new" company figures with previous years does not show the true picture. This was what GG et al would not recognise as "smoke & mirrors" and so continued with the rose tinted spectacled view. I never could see the speculative 'projected' profit in the figures VTB presented. Yes - I lost money - but I have learned lessons.

WTV may prove to be a sound investment (at current share prices) but WTV is not VTB. I know a lot of people are 'trapped', hoping for an escape route, but you really need to re-examine the new group and make your decision. I don't know if it is a winner or loser (about to start research) but the final decision will be mine...

Questions must still be asked about VTB directors as that remuneration/bonus would not have been paid had VTB remained as it was.

WTV may believe that it can generate profit from VTB activities, but I am still suspicious of the real motives.
Posted at 13/10/2004 16:19 by daniel333
Not necessarily so parsnips. This latest move may well be because of the currant share price and the need to issue more shares in the very near future. Only time will tell, the timing of the increase in the nominal value of the share price and subsequent share price fall maybe coincidental but the reaction by management may well have been deemed necessary!
Posted at 13/10/2004 16:05 by 3parsnips
Virtue Communications

Re : Capital Reorganisation

Just to note that the proposals were written in the Interim report 2004 for the 6 Months ended 30th June 2004.

"LONG BEFORE"...The share price started on it's slide to the current share price.

It is just some sort of technicality...VTB shares were 0.1p before the WTV merger...they were increased to 2.5p...and now they are going back to where they were at 0.1p

They are not being altered because of the current share price.

These plans were made months ago.

--------------
3Parsnips
Posted at 07/10/2004 11:11 by megsta
nicknamesrsilly,

Maybe! One of VTB's competitors already has links with



See:



Servecast have 2 divisions: Enterprise and Sports / Media. They have also recently launched a broadband service with (UK's Racing Channel):

Racing UK, British Racing's dedicated horseracing channel, is to launch an on-line service next week which will make the best of UK racing available to an estimated 3.2 million broadband users though its website, www.racinguk.tv.

I seem to vaguely remember that VTB lost out to another competitor on a large contract for William Hill some time back.

I remember VTB had a contract to broadcast the National Lottery daily draw.

VTB have concentrated on IR and internal comms, as they said that is were the money is! They sold their media division in 2003. However, WTV cover more than just IR - they do media, etc

IMO, VTB have not acquired any significant contracts in the last year (excl. the Kamera / Vodafone deal, which does not count as classic VTB!). I know GG has posted links to new web casts, but I feel these are minor contracts / one offs; hence even VTB have not bothered to release any RNS / press releases to the market to annouce these deals.
Posted at 07/10/2004 08:36 by 3parsnips
Virtue Communications

Yes...Very dissapointing to see the share price where it is now

However...I reckon if we hang in there..the share price will rise back up or a take-over bid will be made and we will make a profit on our investments BUT..it is going to take longer than any of us expected.

As previously mentioned those larger (WTV)shareholders will NOT be selling any of their shares...

The WTV shareholders received 440 Million shares @ approx 3.88p each
440m x 3.88p = £17.07m...at todays sell price of 2p 440m x .02p = £8.8m

On paper they have technically (temporarily) LOST £8.27m

They of course would NOT be able to sell them as the price would drop to fractions of a penny if they tried.

The shares issued in the MAY placing 95,422,850 at 3.25p = £3.1m
At todays price of 2p..95,422,850 x 2p = £1.9m... a LOSS of £1.2m

The Kamera shareholders were issued with 43,770,247 shares at 5.85p
43,770,247 x 5.85p = £2.6m...43,770,247 x 2p = £875,000 a LOSS of £1.725m

So at the moment we have ALL lost out...ALL of our shares are worth less than we have paid for them.

However I reckon that the Larger shareholders..WTV etc..know something that we do not...I do not think that they will be bothered by the current share price...because they know the "Bigger Picture" They probably know that future events will give them a good price for their shares...it is just a case of timing.

I shall be holding on to my shares..expecting to make a profit...When the BIG players make theirs..

-----------
3Parsnips
Posted at 06/10/2004 09:15 by 3parsnips
Virtue Commuications

Re : Dump 450k @ 1.75p

As mentioned yesterday..the larger (KNOWN) shareholders have approx 67% of the company..Only 33% held by us smaller shareholders

There are probably a number of other Large shareholders that we know nothing about...

So the True figure may be that the company is 80% owned by a fairly small group of people and Only 20% owned by us smaller shareholders.

--------------------------------------------------------------------------------
Looks to me as though the squeeze is on..to get Rid of the smaller shareholders
--------------------------------------------------------------------------------

As far as I can see..the only way those (FEW) Large shareholders can get any value out of the Large shareholdings they have...Is if the "END GAME" turns out to be a Take-over of VTB/WTV by a another Larger company.

Those Larger shareholders would then be able to Sell (ALL) of their shares in one go...and make their profits...

In my opinion they have (No Chance at all) of selling their shares at a profit on the open market for "YEARS" to come...IF they tried to sell any of their shares in quantity...the share price would drop like a brick..

Yes...even further than the present drop...we would be talking about fractions of a penny..

----------------------------------------

Those Larger shareholders will NOT be selling their shares...If anything they may be Buying up those shares sold by the smaller shareholders accumulating even more shares...

----------------------------------------

For myself I will be sitting back and relaxing..Not selling my shares..in the expectation that I will get a good price for my shares eventually...when the Large Shareholders...Finally get to the "End Game" and make (THEIR) profits.

---------------
3Parsnips
Posted at 04/10/2004 13:23 by 3parsnips
Virtue Communications

Re : Who is HAPPY with the current share price (Mid 2.25p)

It was confirmed in the "Interim Results" (20.09.04) that 99.7% of VTB shareholders voted for the VTB/WTV Merger :

"The merger's rationale and attractiveness were affirmed by shareholders in August 2004 by 99.7% of the votes cast being in favour of the merger."

----------------------------------------

Some of the existing "LARGER" VTB shareholders gave irrevocable votes in favour of the merger deal ahead of the Vote at the EGM 18.08.04 :

Name......................Number of shares held...............Percentage

INTEROUTE....................15,294,909........................4.91
AIM 2 VCT PLC................10,769,231........................3.46
MR S CAMPBELL................9,976,855.........................3.20
MR R GRAY....................6,566,906.........................2.11
MR D GRAPENGIESSER...........4,998,131.........................1.60
ISIS VCT PLC.................4,615,385.........................1.48
Total.......................52,221,447........................16.80

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The Kamera shareholders accepted shares worth at the time................5.85p
The people that took part in the placing bought shares worth at the time.3.25p

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So WHY did those LARGER shareholders vote (IN FAVOUR) of the VTB/WTV merger deal...

Presumably "they" were given information that : "we" did not get

Bearing in mind that these LARGER shareholders who voted for in favour of the deal..have at the moment LOST a huge amount of value in the shares that they hold..surely it can only be the case..that the current situation as to the share price is.....TEMPORARY.

Presumably these LARGER shareholders have been given information...where-by (they know)..that in a certain period of time their shares will again increase in value and they will be HAPPY...either by the share price rising on the back of future profitable results...or by a possible BUY-OUT of their shares from a Larger company...

Either way I have a feeling that they have been given the Info..."that don't worry..you will all be OK..you will be HAPPY" to have the number of shares that you are currently holding.

It would appear that it is only us smaller shareholders..that have been left in the dark..for myself I intend to just sit back and relax and hopefully take my rewards for "holding" my shares..along with the LARGER shareholders who will no-doubt be collecting...their Rewards...when the time is right.

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Kamera deal .......43,770,247 NEW VTB shares were issued (at 5.85p)
Share Placing......95,422,850 NEW VTB shares were issued (at 3.25p)
World Tv deal.....440,800,265 NEW VTB shares were issued (at approx 3.88p)
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3Parsnips
Posted at 04/10/2004 10:21 by dell314
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
Posted at 30/9/2004 09:16 by euro99
jgb - is who me?

E

3p..

If I was getting any inside information from VTB I would not be free to trade in their stock, which as you are well aware, I do.

You might be surprised to learn that some of us are extremely well practised at avoiding sensitive discussion and - although I do speak to people at VTB regularly - I would no more put them in a compromised position than they would me. If I do have any insider information I am closed, and don't post here.

I think I said to you some time ago that if I can help give you any insight into VTB, or interpret any public information, from the perspective of someone who understands something of the business and the marketplace then I am happy to do so - but that is as much help as I can be, I am afraid.

sip2stream has no connection to vtb other than the fact that we have used vtb streams to test parts of it. We might just as well have used streams from msn or anybody else, but at least with vtb we can rely on high quality streams which don't go down.

P

[Edit - I would add that VTB has changed fast as a company - more so now than ever. The company which we own today is not the company I left two years ago, and from my perspective I am still making up my mind about the new shape. The stock market obviously hates it, but the customers seem to love it. Time will tell.]
Posted at 30/9/2004 08:35 by 3parsnips
Virtue Communications

Hi euro99...Also known as : Mr Peter Millar Hagerty

Not wishing to get at you...However I personally do find it a bit strange that with your connections to (VTB) as listed below...

You post on this BB as if you do not have any more knowledge than the rest of us...I would have thought..that if I was in your position..that I would be getting some sort of information through my family connections...also your OWN previous and recent dealings with VTB management.

I am (NOT) implying that you are being fed insider information...but with your family connections & Business dealings with (VTB)...If I were in your position I am sure that I would get some sort of "general" comment advising me BUY HOLD SELL.

----------------------------------------

Just to get things straight :

The Founding members of (VTB) were Giles English & Nicholas English

You used to work as CTO "Chief Technical officer" for (VTB) with both Giles & Nicholas English

Your Sister-in-law is Married to Giles English..who is :
(currently a non-executive director of VTB)

Nicholas English is currently working for (Interoute) a Larger shareholder of VTB...(15,294,909 VTB shares)...Interoute recently voted in favour of the World Tv merger.

You are at the moment (CEO) of

One of your products Sip2stream recently used the services of (VTB) through Unit.net for a trial :

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3Parsnips
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