Vitesse Media Share Discussion Threads

[tara7] 23/4/2013 15:59

"Despite the difficult trading conditions, the directors believe that the changes implemented over the past two years mean that the company is now fully positioned to develop as a growing digital, events and research business and view the outlook as encouraging."

Tiny, unloved, under researched,and valued less than a London semi.!!

New director poured cash in at 4.75p under a year ago.

London South East [LSE] has trades back to last summer, showing buys and sells of about the same.

If it turns a profit this year you will have a 1-10 bagger on your hands.

[gelp] 23/4/2013 15:53

up 38% today -why?

[druinsky] 23/5/2012 20:16

is vis going to buy that bucket of deep green merde called RIVP?

[druinsky] 14/5/2012 19:39

plus shutting down

RNS Number : 2463D

Plus Markets Group PLC

14 May 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS IN THAT JURISDICTION

14 May 2012

PLUS Markets Group plc

Closure of Formal Sale Process and Commencement of Orderly Run-Off of the Business of PLUS-SX

The Board of PLUS Markets Group plc ("PLUS" or the "Company") makes the following update announcement to shareholders.

As indicated in the Company's announcement of 3 February 2012, the Board initiated a formal sale process ("FSP") in order to seek a partner to help its operations achieve the scale and reach required to maximise value to stakeholders. An important part of this objective was to secure the ongoing financial position of PLUS and the continued running of its subsidiary operations. These comprise: PLUS Stock Exchange plc ("PLUS-SX"), the cash equities recognised investment exchange ("RIE"); PLUS Trading Solutions Limited ("PLUS-TS"), an "exchange in a box" turnkey solution for entities seeking to establish new trading platforms; and PLUS Derivatives Exchange Limited ("PLUS-DX"), a derivatives division set up to utilise the PLUS-TS platform.

The primary objectives of the Board have been to protect the interests of the shareholders of the Company by securing the reputation and continuity of the RIE, providing an ongoing trading platform for its existing listed and quoted companies, and by seeking to maximise the value retained or received by shareholders in respect of the Company. During the process, the Board has considered various options available to it including potential offers for the Company, offers of funding through a placing for shares in the Company, the injection of capital into a subsidiary company, the sale of certain assets of the Company and loan financing. Discussions were held with a number of parties including major international stock exchanges and trading platforms, inter dealer brokers, technology providers, Private Equity and other wealth funds.

Any offer for the Company or significant equity investment requires both shareholder approval at a general meeting and regulatory approval from the FSA for a change of control of the RIE (including FSA agreement that the RIE could continue to meet its regulatory obligations on an on-going basis).

As reported on 17 April 2012, the Company had received indicative proposals in response to the FSP from a number of parties. To date, none of the parties have been able to progress matters to a position whereby either the parties or the Board, in conjunction with its advisers, were satisfied as to the deliverability to completion of any proposed transaction.

As a result, the Board of the Company has terminated the FSP with immediate effect and the Company is no longer deemed to be in an offer period under the Takeover Code.

The Board regrets to inform shareholders that, due to the ongoing operating costs of its business in the context of its regulatory status, the Company's cash balance has reached a level at which the Board has informed the FSA that it intends to commence a process of orderly closure. In consultation with the FSA, the regulated activities undertaken by the Group, which include the operation of the RIE, will be wound down over a period of up to six months in order to minimise market disruption.

This will include working to ensure that companies traded on the PLUS-quoted market are able to find suitable alternative arrangements for the trading of their shares. In the interim period, the PLUS market will continue to operate as normal. Further announcements in relation to the closure process will be made in due course as dialogue takes place with the FSA.

During the winding-down process, the Board will continue to explore all possible avenues to preserve remaining shareholder value, including any offers for the Company's remaining assets. The Board will then consider what steps to take to either return residual value, if any, to shareholders or to convert the Company into an investing company under the AIM Rules. Any parties who might be interested in a transaction with the Company, including the purchase of Company assets, should contact Wyvern Partners (contact details are provided below).

The Company will continue to update the market as appropriate.

[acquisitor] 15/11/2011 11:53

Any life on this board?

This company has so much potential, but high costs and not utilising the database. Looks like a lifestyle vehicle for the Chairman.

[windass] 23/9/2011 16:43

Stinking set of results. Took them 6 months to make a profit of £5k. Would have made more if they wound up the business and the board worked in McDonald's for half a year.

[mechanical trader] 08/4/2011 09:12

Vis wheres your mate Tenby Deckchair?????????????????????

[blamont] 02/11/2009 12:17

Interesting company - may have turned the corner.

[fredjackson] 15/6/2009 14:45

Vitesse Media has been tipped on ShareCrazy.com, to view follow the link posted below!

[fredjackson] 15/6/2009 14:43

Vitesse Media has been tipped on ShareCrazy.com, to view follow the link posted below!

[windass] 02/6/2009 19:09

Check it out

[windass] 02/6/2009 15:50

Excellent article out today

[contrarian trader] 14/10/2008 12:20

VIS..... question....

why have you changed your username to traidemark??????????????????????

[whiterussians] 10/7/2008 16:37

Must be about to issue a profit warning - advert revenues have probably dried up.

[moob] 08/5/2008 08:02

thiunk they have bought Charterhouse (CHO_) titles from receiver

[hsbcpremier] 15/4/2008 11:37

Could we have a chart in the header

[invisage] 28/2/2008 21:32

Yuka

This year is going to be a tough one for long term investors, no doubt about that.

Those that can succesfully trade volatility and momentum will do well.

But the LTBH investors will do well by picking up bargain stocks that will present themselves in good time, i still think more declines to come in the market.

[yuka] 28/2/2008 00:06

Congratulations. Are you ahead of the monkey with a pin yet?

Actually I understand it is a long haul on these kind of things and things can change very quickly. Couldn't resist a comment though given how you were shouting from the rooftops in January when you were up a few percent.

[invisage] 27/2/2008 22:43

lol Yuka

The way the price of FRR and IRG have really motored ahead the past couple of days!!!

has put me on 139 Invisage -7.12

Just waiting for those results from SOCO...i have been waiting TOO long. Hopefully very soon now and if they are positive we will really see some action. AEX should also have news next month...just hope the news is good too.