This is one exciting stock

Unlike most other film/video production companies, CCN are not exposed to films that flop, that was my main concern.

Basically they have two divisions, The Film Consortium and the Works.

The Film Consortium (TFC) have investors that put up cash for investment in films and TFC advise investors what films they should invest in and find investment for films. This is 'green lighting' or giving the films the go ahead. TFC make money doing this. It isn't TFC whose money goes into the films so if a film tanks it isn't their worry, they only lose a bit of cred I guess and give an investor or two the hump.

The Works (TW) sell the licenses to areas for Films, DVD, VHS and TV for the investor/fim makers. This will be a up front guaranteed fee that they sell to the licensee - the licensee then sells the film thoughout his given area. Each film license is sold with say a license fee of 'at least' 100K for example, depending on how well the film sells then further fees are paid. These are called overages and can boost how much CCN get big time. I think this is why CCN are excited about My Summer of Love, as it looks like there will be lots of overages on this film, and there are overages on other films coming in.

The third revenue stream is The Works selling licenses for third party films they have had nothing to do with organising the funding of - sales agents basically and the more well known The Works gets, the more of these they expect to come in.

For the year gone they have organised 1.2m of funding towards 15 films. That doesn't mean each film is only 80K to make, it means they have organised part of the funding for a number of films but the films may have other backers. The year ahead will see 7m of funding organised through Surefire which is going toward that 40m of films in production they mention in the results. They expect to have these canned by Christmas in order to get the tax breaks before April 1 (100% tax allowance in the first year on films below 15m budget).

Lottery funding has finished as far as being one of 3 main lottery recipients for funding goes but they can apply on a per film basis to get lottery funding. In it's place is Surefire. Surefire is a dedicated business for finding film investors and they are pumping in lots of money (that 7m for starters this year) so the investment to go into films should be much greater. Two directors that have been running Surefire have become non execs on the CCN board.

They also have a new major shareholder Fandango, who bought the 29.9% stake held by former Civilian founder Richard Thompson. These are Italian film makers and are set to put 3 films the way of CCN each year.

The FD was saying that they have only really started to get this business focussed as they have only just disposed of the last remains of the old CCN business which was a canned meat business so it's in its infancy in a way.

There is no reason I can see why this business should trade on a PE as low as 8. They have got rid of two thirds of the staff and boosted gross margins massively from 40 odd per cent to 92%. They don't get hit when a film flops, the worst that happens is films get delayed and so earning might slip back, but they don't disappear with big chunks of investment down a black hole.

Growth here could be huge, the 2.2p forecast for this year could well be smashed big time. This is a completely transformed business that is just getting up and running. Fandango have 29.9%, the two directors from Surefire have 4% and they are all set to synergise with each other over the coming years.

I can't begin to think what the growth could be like here but at a guess it is going to be massive. Overages create much, much higher earnings. If TFC organise great films for investment and then find the licensees and the films sell (as seems to be happening) then they are going to do fantastically imo.

These don't have the risk associated with the likes of Winchester Entertainments and so the PE should be much higher imo.

2.2p eps looks like being beaten easily imo. I'm sure these will re-rate to a PE of 12-15 and will do at least 2.5p eps this year which could mean 37p a share by the financial year end. They also will have 2m in cash come year end so one third the market cap is cash - that has to be worth another few pence on the share price.

If they beat 2.5p eps this year and do 3p as I suspect then come the financial year end they will be on an historic PE of 12, probably a forward PE of 8 (if the share price is 37p) and 2m in the bank with an absolute ton of films in production for their clients. If that were the case I reckon that would see the share price at 50p+ in 12 months time.

They seem very confident about the next twelve months and films in production are growing rapidly and in value size.

There's one last sweet spot - there is always the chance they hit on a Harry Potter the more films they get involved with. If they do then earning go ballistic.

They have 6.5m losses on the P&L account so no tax to pay on earnings for some time. They are also able to extract decent grants from the Lottery Fund on a one off basis and get grants from the British Film Council too.

Worth a look imo.

CR

Hi CR. Bought a few this morning.

Already in at 10p, an absolute belter of a stock.

capa

Decent rise over the last two days

capa

make that very decent rise over the last two days.

capa

Get the feeling this must be in the process of being tipped somewhere.

capa

quick search - http://www.thisismoney.com/20041004/nm83182.html 5th Oct
www.ft.com 4th Oct - so should keep rising

http://www.thisismoney.com/20041004/nm83182.html

This is really exciting.

looks that way, slight dip this morning, but should bounce back

slight dip ? and there was me thinking it was up



capa

capa - yes - parallax view(huh?) I was looking at chart from early 8am this morning (22-21)hence slight dip but agree up from yesterday though, seems to have steadied now, lots of buys coming through, so looks like it will be up
m100

only joking m100.

I feel it will be up today also, but 30p is where my sights are set :-)

capa

still looks undervalued based on the interim results and expected deals/revenues. Plus we're nearing the xmas period which is usually big on films. have only just started looking at this one myself, but it should have much further to go.

skids

capa - ok! sorry toooo early in morning for me! right direction again now
(see PCI has imminent drilling also - good news there)

m100, well you were correct, back up again.

You can get 20.85p for them now if anyone is interested in selling, or 30p in at least a couple of months.

capa

some solid buying coming in now

capa

Blimey this reminds me of ASC in the early days.

capa

I should have bought more - ah well hindsight is a wonderful thing

m100 - LOL. I have been so lucky here, got in at 10p and topped up last week
at 16p. Just wish I had bought more, thats hindsight for you.

capa

well I've had worse days !

capa

seems to be a bit of profit taking this morning, RNS from CFL out this a.m which implies things are okay on the back of My Summer Of Love.

capa

may have been a bit premature but got some more today at 22.24p I now hold at an average of 15.35p

capa

Retrace on thin volumes & can pick them up cheaper,18.5p/19p.

Institutional buying, these are getting noticed.

capa

It seems that Hertfordshire Council has bought a interest... should be marked up higher on Monday and possibly hit 24p again.

Wish I live in Hertfordshire, the Council will have made that much money on these they won't need to charge Council Tax next year.

capa

Up 14% on a bad day for the market, seems like there is someone else interested in this. Expect to see a big buy going through soon.

capa

Guess I was right about the 24p level being breached again...thats a 40% turn for me in 2 weeks..great.

more to come as well mitzy. This is the beauty of this type of share, get in before its noticed and wait for the fireworks. No jam tomorrow here either, making money now.

capa

Only wished I had got in earlier..oh well never mind...

Picked up another 7225 at 22.55p after this mornings announcement.

capa

well done m8...

crikey, only one trade and that is a sell at nearly mid price ?!

any ideas anyone ?

capa

capa, my old friend

No one seems to be there to answer you so I better step in and do my best. Price jumped on Monday afternoon for no apparent reason. There was a late T sale marked of 100K shares which was probably a buy so price was marked up to flush out some compensating sells. Alternatively, MMs knew there was an announcement coming out on Tuesday and marked up the price in anticipation. The film programme looked good but it would need some expertise to determine the value - any contributions? Not much volume for the rest of the week - suspect attention is elsewhere. Management seem pretty good on news flow. Given we have had the interims, can anyone predict anything to galvanise the share price further before the finals? If not, we may have to wait until the New Year before the next significant advance. Regulars, please treat this as a challenge from someone who believes he can stay on the sidelines for a while, while he gorges himself on ASC!

Eric

'My Summer of Love' is a great film, and getting the top rating on 'Ban This Filth' this week should do Civilian no harm at all!

Eric, thanks for that and your updating of the virtual portfolio on ASC thread.
I reckon someone is accumulating stock if a 100k buy trade went through, maybe Jupiter again, to get nearly mid price on a sell indicates that the mm's are having to pay top dollar.

With regard to the announcement this week I liked it, the more films they have out the better. The beauty about this company is that they only need one to be a hit and they are quids in, they don't lose on the flops either just the chance to make more money.

Content film I believe AGM soon and no doubt we will hear again how well Summer of Love is doing which could impact nicely on CCN share price.

capa

If you haven't filled your boots buying the dips sp rise just around the corner?!Get in quick.imho.

18 November 2004 04:00

UK based sales oufit The Works has unveiled a string of deals completed at this months AFM.

- John Hillcoats The Proposition, which is currently shooting in Australia, closed a pre-sale at the AFM with Triangelfilm for Scandinavia. The film has also been sold to Columbia TriStar for Australia and New Zealand, A Film for Benelux and Tartan Film Distribution for the UK. Written by cult musician and novelist Nick Cave, the film stars Guy Pearce, Danny Huston, Ray Winstone, Emily Watson and David Wenham.

- Gillies MacKinnons Tara Road, which is filming in Ireland, sold to Prooptiki for Greece and Cyprus. Pre-sales have also been concluded with BVI for Ireland and Telemunchen for Germany, Austria, Italy and Eastern Europe. Tara Road stars Andie MacDowell, Olivia Williams, Iain Glen, Stephen Rea and Brenda Fricker.

- Pawel Pawlikowskis My Summer Of Love also racked up further sales with Ecofilmes for Portugal, Budapest Film for Hungary, Intersonic for the Czech and Slovak Republics and Best Film for Poland.

- Erik Van Looys The Alzheimer Case - the official Belgian Oscar entry - was sold to Flins & Pinulas for Spain & Andorra.

- Olivier Assayass Clean, winner of best actress for Maggie Cheung at Cannes, sold to Palm Pictures for the U.S. and the Caribbean, Lumiere for Benelux, Stadtkino for Austria, PCV for Greece & Cyprus, Istituto Luce for Italy, LNK for Portugal, Telexcel for Argentina, Uruguay, Paraguay & Chile, Imovision for Brazil, Edko for Hong Kong, Sponge for Korea, Golden Village for Singapore, Spring Cinemas for Taiwan, Intersonic for Hungary and the Czech & Slovak Republics.

- Paolo Sorrentinos The Consequences Of Love has been picked up by Cinemien for Benelux and Artificial Eye for the UK.

- Matteo Garrones Berlin Film Festival 2004 competition contender Primo Amore has been sold to Strand Releasing for North America.

- Michael Winterbottoms Code 46, starring Tim Robbins and Samantha Morton, has been sold to NonStop Entertainment for Scandinavia and Iceland.

http://www.ifta-online.org/afm/home.asp













Here is a Press Release from Non Stop Entertainment of Sweden Confirming Acquisition of Code 46 From "The Works" at the recent US AFM Fesitival..



http://www.nonstopentertainment.com/press/nonstopacquisitionsatafm04.pdf


Little snippet from Rebecca Keary, head of marketing for UK sales agent The Works confirming in an Interview that Sales have gone Very well at AFM..

http://www.rts.org.uk/magazine_det.asp?id=468&sec_id=220

Further Mention of "The Works" Attracting alot of Buying Interest at AFM ;-))
REGARDS THE HOOT.............

UK indies report good business at AFM

Pact's TPUK SESA funding enabled 12 UK sales companies to attend the 23rd American Film Market (AFM) with additional financial support towards the cost of their offices in the Loews Hotel, the venue for the event. 21 UK sales companies had offices in the Loews Hotel, and reported a steady flow of business, with good quality meetings and deals being closed. Capitol Films attracted attention with Robert Altman's new film "The Company", and The Works offices were packed with buyers interested in Michael Winterbottom's Berlin festival winner "In This World".

Over 400 films were screened in the multiplexes on the 3rd Street Promenade; most of these were independent features and were well attended by the international buying community.

The general consensus of opinion was that although attendance figures may have be down on previous years, the buyers attending were definitely there to buy, with a lot less time-wasters. The days of the dot.com executives cruising the corridors of the Loews looking for advertising are over, leaving a clearer impression of the real business of buying and selling feature films. The threat of war would appear to have kept the buyers from the Middle East away, this was the feedback from sellers dealing with those particular territories. Many AFM attendees came directly from a very busy Berlin Film Festival, who many regard as a good kick start to the AFM.

Pact was one of the sponsors of the opening night reception organised by the British Film Office in LA. It was held at Shutters on the Beach hotel and attended by over 200 guests, representing a broad cross-section of delegates, including buyers and sellers and Hollywood studio executives.

Pact was based in the European Film Promotion office along with five other UK sales and production companies. Some were selling finished product and a couple were looking for funding for projects. Pact was also one of the sponsors of the EFP's annual cocktail party. Guests included the European sales companies, producers and many American independent producers looking for international coproduction partners.

The American Film Market is still one of the must-attend, top three international film events. Even if sales agents lack product to sell, they feel it necessary to attend in order to maintain a profile.

Breaking out-soon back over 20p after taking that dip.imho.

Wot's going on first bid moved down to 17p then offer moved up to 19p! Good News around the corner?

Highly Geared - 8 Feb'05 - 10:45 - 718 of 722


Forecast EPS (ALREADY 50% DELIVERED)2.2p, PE13=28.6P. Add say 5p for cash on B/S and add for bullish outlook stament with results = 35-40p (just re read CR`s original thread and re read it every day as a reminder). People want certainty of results on this one but when you get them (all being well), the shuttle will have already "cleared the tower".The people who make the money are those that buy when all aroud are waivering or bored, as CR has mentioned many times (50,000@14.5p 4 January 2005, thanks CR).

Mentioned first @ 17p/18.5p and strong moves to 18p/19p.Something happening here.Expect return to 20p-25p with possibilities of breakout above 25p.imho.

^19p/21p.Short term target price 30p.imho.

Still got all mine :-)

capa

capa,getting exciting isn't.Sell off was always overdone.Added more and topped up again this a.m.Money makers may try tree shake with earlier buys showing as sells.Would think about buying any dips below 20p which in normal circumstances with 33% rise would expect.Are these normal circumstances though?.Breakout and mms short of stock.imho.

enjoy the ride 20p/22p.

here comes the treeshake & some profit taking.

Up and down like a yo yo.18p/20p.

Suggestion on advfn that there is a large buyer in the background which would explain movement last few days.Summit definitely up.20p-21.5p up 7.8% next R=22.5p br=23p imho.

barnetpeter - 12 Feb'05 - 21:18 - 817 of 821
Just seen MSOL winning BAFTA for best film above some strong opposition. This surely will give it a big boost on DVD release and in US?

barnetpeter - 12 Feb'05 - 21:35 - 819 of 821
Wonder if one of the big boys like the ODEON chain will now give it a proper run rather than the odd screen? "Best British film" will really help in the US bearing in mind it beat films like VERA DRAKE and HARRY POTTER!

James - I am sure you are right. Civilian bosses must be estatic, not just because of the revenues from MSOL but because of the reputation it gives them to attract funds in the future.

The Alexander Korda Award for the outstanding British film of the year
Nominations are:

DEAD MANS SHOES Mark Herbert / Shane Meadows

HARRY POTTER AND THE PRISONER OF AZKABAN David Heyman / Chris Columbus / Mark Radcliffe / Alfonso Cuar

MY SUMMER OF LOVE Tanya Seghatchian / Christopher Collins / Pawel Pawlikowski

SHAUN OF THE DEAD Nira Park / Edgar Wright

VERA DRAKE
Simon Channing Williams / Alain Sarde / Mike Leigh

And the winner is: My Summer of Love!

spawny100 - 12 Feb'05 - 22:08 - 820 of 821

Cheeky mm's must have had a whiff of this on Friday and tried in vain to flush a load of shares from weaker holders or those who had just bought at 16ish and didn't want to see their profits slip away. Predictions as to how the share price will open on Monday? I reckon open at 19 and end at 21.

lex1000 - 12 Feb'05 - 22:16 - 821 of 821 edit

Good news this evening.MSOL wins BAFTA.Surely a wonderful boost for sales.

I know the people, the company, the product and the sales team quite well - it's my business and I work with them from time to time.

I wish them and you well, but be careful -it's a really fickle old world out there in film financing in the UK currently, thanks to the Government being unable to leave any policy decisions alone for more than 5 minutes.

If you want to see some other direct results from SUMMER OF LOVE tune into CFL (confusingly named ContentFilm, but no connection with Civ Cont) who are the UK distributors of the film. Hasn't done much for their SP has it? It's only a small film financially, but perfectly formed creatively so BAFTA assures us - won't do $50 million box office in US (IMVHO) which is what Chariots of Fire, Waking Ned, Four Weddings etc all did to truly make a difference to investors' lives.

You really need to know the names of the other films in their slate and who is directing them and who is acting in them and who has pre-bought them to get the first idea of whether success will filter through to the SP. Even then it's a very specialist product and bears no relationship to the multi $10 million productions from the US. A major source of production finance has been cut off in its prime by change in Government tax rules relating to Film Finance recently. The whole UK is in the doldrums as a result with no immediate prospect of alternative legislation being either forthcoming or workable when it does.

The recent little peak in SP seems to me to have come before the announcement, then subsided back to its usual level. Look at the RNS, there is a history of announcements which I suspect are aimed at boosting the SP for the benefit of the directors. Theat's a terribly cynical view I know, but I just get the whiff of it in the slightly breathless announcements based on rather slim reality.

In spite of being tempted into a brief, educational and tiny loss-making flutter with CFL (share price couldn't drop further than that could it? Oh, yes it could!), I have decided henceforth not to invest both financial capital and human capital in the same sector. CFL have also lost their major source of production equity for same reason.

But, tomorrow the SP may rise again, what do I know - nothing! DYOR. Good luck if you like being associated with show biz.

SD

This could be a very interesting buy now. News on the 31st March.

Brit Gov have just exteneded tax breaks by 9 months while they sort out its replacement - some small comfort for Civ Cont but still massive uncertainty in project finacning all round. Be careful - or shrt term trade on specific film releases.

SD

With the prelims (30th March) being more than 2 months earlier this year than last year (last year 4th June), one would expect the statement to be quite good and potentially very good.

Based on what product sold at what price in what volume versus what operating costs? Do you know?

On no available fundamentals and a totally indeterminate chart (to my amateur eye) on what basis would you make any decision?

They may want to publish results earlier to get them included in the next money raising inforation memorandum which I expect them to be issuing asap in light of Thursday's Chancellor's announcement of extension of Section 48 tax break. This is positive in the sense they get to breath again, but whether the child will put on weight and muscle and develop into a healthy adolescent is, as I say, indeterminate (and I mean either way, not just negatively).

I await with keen interest what the accounts say.

SD

SD,

I think you are looking in a bit of a negative light. For example their notice of results was the 14th March, before the budget ! What product sold and price and volume - well I do not think you are allowed that information, its called Interms or Prelims where that is clarified. Lets take IBM, before they announce their Int or Pre, does anyone know what they have sold, in what volume, at what price and what their operating cost is ?

The chart also does not look that bad, and is in fact quite readily poised for a large up on good news, or down to the support level on bad news.

Given the bringing forth of the prelims (and moved before any information from the budget), I am still very much, IMO, behind these being in fact very good prelims.

A recap on the news for CCN since the 20th Sept 04 Interims :

Trading Statement 20/09/2004
ch - "The board is hopeful of a good second half performance for 2004"

My Summer of Love 04/10/2004
The company is pleased to announce that international sales of "My Summer of Love" its most recent production have risen to US$2.30m, significantly exceeding management's expectations

2004 productions 26/10/2004
The company announced that following its recommendations to SureFire Films LLP, its joint venture partner, four British qualifying feature films have now been contracted for immediate production.
Chairman Crispin Barker said:
'As reported as our interim results, the company has entered an exceptionally
busy phase. Our current production slate is our largest to date. Additionally,
our sales arm The Works, continues to expand and in 2005 will represent a
growing number of independently produced films in the international
marketplace.'

06/01/2005 Director Shareholding

Civilian Content says chairman's total related holding in co up to 27.445 pct
LONDON (AFX) - Civilian Content PLC said that David Aspin has bought 350,000
shares in the company, representing 0.829 pct of the issued share capital.

David Aspin is a colleague of the company's chairman, Crispin Barker, and under
stock market rules the purchase of shares by Aspin is to be treated as a holding
by Socknersh Investments Ltd, a company owned by Crispin Barker.

Aspin's total holding is therefore aggregated with shares beneficially held by
Barker, and together these holdings amount to 11,590,885 shares and represent
27.445 pct of the issued share capital.

papal power - look at the RNS of 8th March for CFL a company with a very similar relationship with an external fund raiser Surefire kaiboshed by IR/Treasury rules. CFL also has a UK distribution arm which CCN does not, so they ahve even less revenue opportunities.

CCN financed 3 films (I'm not certain they got the fourth away, in spite of their own report) with Surefire money towards end of last year before change of rules for delivery May/June and release thereafter. No one has any idea if they will attract either international buyers or a UK audience - they are too small to have major actors and it is in the nature of these things that you just don't know what you've got till the buyers respond.

Since change of rules they have almost certaiubly been unable to raise new production finance.

Prior to that they got involved with (invested in too I think) a poorly managed New Zealand project beset by overcost and cast illness and director being fired. Can't see that film recovering to storm the worldwide market place.

Don't know what their sales division The Works has been selling, but they are not currently rated as exectly the hottest international sales co working out of UK. They have a known dog on their books - Country Of My Skull which will not perform for sales commission or recoup CCN's substantial equity investment in it.

I really can't imagine what good news could possibly be contained in the uopcoming report, but I live in hope for their sake.

So my negativity is quite mild compared to their apparent prospects, I would say.

SD

SD, the only recap I can give are the 2 RNS :

CIVILIAN CONTENT PLC

SIGNIFICANT INTERNATIONAL SALES FOR 'MY SUMMER OF LOVE'

4 October 2004


Civilian Content plc ('Civilian' or the 'Company') whose principal activity is
the finance and sale of feature films is pleased to announce that international
sales of 'My Summer of Love', its most recent production have risen to
$2,300,000, significantly exceeding management's expectations. This figure
includes a material sale of the North American rights to a subsidiary of
Universal at the Toronto Film Festival, demonstrating the film's popularity in a highly competitive international marketplace.

'My Summer of Love' premiered at the Edinburgh and Toronto Film Festivals in
September and has been greeted with universal critical acclaim. International
rights to all territories are being sold by The Works, Civilian's sales
subsidiary.


Chris Auty, Managing Director of Civilian Content said:

'We are tremendously excited by the sales performance of 'My Summer of Love' to
date. In particular, the sale of the North American rights to Universal Focus, one of the most highly regarded US distribution companies, is agreat
achievement and a reflection of our strong positioning in the international film sales marketplace. We believe the strength of sales to date on this title gives every reason to expect that The Works will exceed its sales target for the remaining available territories.'


Civilian Content PLC
26 October 2004

CIVILIAN CONTENT PLC
CONFIRMS 2004 PRODUCTIONS AND 2005 SALES SLATE



26 October 2004

Civilian Contentplc ('Civilian' or the 'Company') whose principal activity is
the finance and sale of feature films, is pleased to announce that following its
recommendations to SureFire Films LLP ('SureFire'), its joint venture partner,
four British Qualifying feature films have now been contracted for immediate
production. In each case, principal photography will be complete by Christmas
2004, and the films will be available for sale in 2005. The four films are as
follows: -

- The Best Man : A romantic comedy of errors about a hapless best man
who falls in love with the bride. To be directed by Stefan Schwartz (Shooting
Fish), and starring Stuart Townsend, Amy Stewart (Starsky and Hutch) and Seth
Green (Austin Powers).

- The Proposition: A powerfull gripping story set in 1890s Australia
written by music icon Nick Cave. To be directed by John Hillcoat, and starring
Guy Pearce (LA Confidential), Ray Winstone (King Arthur), John Hurt, David
Wenham and double Oscar nominee Emily Watson (Hilary and Jackie).

- Tara Road: A romantic drama set in Ireland, based on the popular novel
by award winning Maeve Binchy. To be directed by Gillies MacKinnon, and
starring Andie Macdowell (Four Weddings and a Funeral), Olivia Williams (Sixth
Sense), Oscar winner Brenda Fricker (My Left Foot) and Iain Glen.

- Heidi: The classic children's tale. To be directed by Paul Marcus
(Prime Suspect), and starring Emma Bolger (In America), Max Von Sydow (The
Exorcist), Geraldine Chaplin (Chaplin) and Diana Rigg. (The Avengers).

The Film Consortium ('TFC'), Civilian's film finance and production subsidiary,
will jointly with SureFire executive produce the four films and will
consequently earn fees during 2004 and 2005. Each of the films will be sold by
Civilian's sales agency, The Works except for Heidi which will be sold by an
American agency which specialises in the sale of .family entertainment.
Civilian will share in the commissions generated by the sale of Heidi rights.

These four pictures complete the 40 million+ production slate of nine films
Civilian has assembled during 2004. The other five films with which the
company is involved that have either completed or commenced production this year
are as follows: -

- Clean: A drama about a woman struggling to regain custody of her son.
Directed by Olivier Assayas, and starring Maggie Cheung and Nick Nolte (48
Hours).. The film won the Best Actress Award at the 2004 Cannes Film Festival.

- Country of My Skull: An evocative drama set around the South African
Truth and Reconciliation trials which premiered in Competition at the 2004
Berlin Film Festival. Directed by John Boorman (Deliverance) and starring
Samuel L Jackson (Pulp Fiction) and Oscar nominee Juliette Binoche (The English
Patient).

- My Summer of Love: A coming of age story about two sixteen year olds
(played by newcomers Natalie Press and Emily Blunt) who spend a long hot English
summer together. Directed by Pawel Pawlikowski, the film was part funded and
co-produced by TFC and won the Michael Powell Award for Best British Film at the
2004 Edinburgh Film Festival.

- Guy X: A black comedy in the vein of M*A*S*H and 'Catch 22'.
Directed by Saul Metzstein, and starring Jason Biggs (American Pie) and Natasha
McElhone (Solaris).

- River Queen: An epic tale about a young woman's struggle to find her
identity set against the backdrop of war in 19th Century New Zealand starring
double Oscar nominee Samantha Morton (Minority Report), Keifer Sutherland (24)
and Stephen Rea.

2005 Sales Pipeline

In addition to the above films, which TFC has packaged and executive produced,
The Works is already contracted to sell in 2005 rights to an additional 4 films
that have been independently produced: -

- Tickets: A drama about three stories that intertwine. Directed by
Ermanno Olmi, Abbas Kiarostami and Ken Loach.

- Wah Wah : A semi-autobiographical coming of age story set at the end
of Empire in 1969 Swaziland. Directed by Richard E Grant (Withnail and I), and
starring Oscar nominee Emily Watson (Hilary and Jackie), Miranda Richardson and
Julie Walters.

- The Mighty Celt : A gutsy story about a 14 year old boy who is forced
to grow up quickly when he isdrawn into the underworld of dog racing.
Directed by Pearse Elliott, and starring Robert Carlyle (Full Monty) and Gillian
Anderson (X Files).

- Love and Hate: A powerful modern-day Romeo and Juliet story set in the
North of England. Directed by Dominic Savage and starring Tom Hudson and Samina
Wawan.

Country of my skull is actually named now "In My Country" and opened March 11th 2005 in the US, a John Boorman film.

http://www.boxoffice.com/scripts/fiw.dll?GetReview?&where=ID&terms=8140

This one is not going to fly on international sales. Good script, bad film.

Which others are any good? How do you know?

SD

Well its results time today. We shall see what happens.

Yesterday was all buys (some reported as sells early) but later in the day after going up 7% buys where are full offer price of 15p.

Results being good, this one will rise strongly, very strongly today IMI.

Hope they are good ! ;-)

Results looking good. SP responding.

Does look good results !


Civilian Content PLC
30 March 2005



CIVILIAN CONTENT PLC

PRELIMINARY RESULTS

FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2004



30 MARCH 2005


Civilian Content plc ('Civilian') whose principal activities are the management
of development, financing and production of feature films and the international
sale of film rights, announces today its preliminary results for the twelve
months ended 31 December 2004.



Highlights:



Financials

o 2004 Group retained profit of 0.77 million (2003: loss of 1.18
million)
o 2004 EBITDA grew to 0.95 million (2003: loss of 0.40 million)
o Cash reserves of 2.33 million (2003: 0.37 million)
o Gross margin increased to 65% (2003: 48.0%)



Film Finance & Production - The Film Consortium (TFC)

o TFC has enjoyed its most profitable and productive year to date
o Over 50m of production activity during the year
o My Summer of Love success with 2004 BAFTA for Best British Film
o Final Lottery Franchise funds invested in two films in first half
o SureFire Joint Venture achieved successful fund raising, advising on
25 million of feature film production finance
o Six films currently in post production to be sold in 2005 by group
subsidiary, The Works



Film Sales - The Works

o In 2005 The Works will have available for sale the largest volume of
feature film rights it has ever assembled
o In my Country and My Summer of Love sold to Sony and Universal
divisions respectively for release in 2005
o Sales rights secured for Tickets (which premiered at Berlin) and
Tristram Shandy (pre-sold to Newmarket, a leading US distributor)
o Significant levels of catalogue income expected to continue
o 2005 trading results expected to be significantly second half weighted





Crispin Barker, non-executive Chairman of Civilian Content said:



'Civilian Content plc has enjoyed the most successful year in its history, and
has assembled a significant slate of film rights for sale in 2005.



The process of restructuring the business, which began in 2002, is now
substantially complete.



Having rationalised its core activities, Civilian is now actively seeking the
acquisition of complimentary businesses'.







For further information, please contact:

Civilian Content 020 7612 0030
Chris Auty / Norman Humphrey

Citigate Dewe Rogerson 020 7638 9571
Seb Hoyle


CHAIRMAN'S STATEMENT

OVERVIEW

Civilian Content plc ('Civilian') has enjoyed the most successful year in its
history, whether measured by retained profit, production income, film volume, or
budget size.



Civilian made a retained profit for the year ending 31 December 2004 of
771,000, which is a substantial improvement on the result for 2003 when the
Group recorded a loss of 1,183,000. The full year EBITDA on continuing
operations in 2004 was a profit of 948,000, compared with a loss of 405,000 in
2003. Turnover increased for continuing operations, to 3,872,000 from
2,330,000, and the gross margin, which has been steadily improving since the
acquisition of The Works, rose to 65% from 49%.



At the beginning of the year an Italian film company, Fandango SRL, acquired a
major shareholding in the Group from a former Civilian director, and in so doing
triggered the repayment of loan notes with a value of 759,000. This
transaction, combined with strong net cashflow arising from operating
activities, has significantly improved the Group's liquidity. At 31 December
2004, Civilian had cash reserves of 2,330,000.



The production services subsidiary, The Film Consortium, has enjoyed its most
profitable and productive year. It invested the balance of its Lottery
Franchise funds into two films during the first six months and then, after a
successful fund-raising by our joint venture partner, SureFire, it advised on
the investment of over 25 million of feature film production. These films are
in the later stages of post production and will be sold by our subsidiary, The
Works, in 2005. The Film Consortium also supervised the investment of 1
million of SureFire development funds during 2004, and this process will
continue.



In 2005, The Works will have available for sale the largest volume of feature
film rights it has ever assembled. The production cost of these rights exceeds
50 million, and the Board is hopeful this volume of quality product will yield
a positive result for the Group in 2005. The timing of delivery of this
product to The Works, and the incidence of this year's major film festivals,
will lead to a trading result significantly weighted towards the second half of
the year.



The ongoing quality and expanding quantity of Civilian's library of film rights
has lead to significant levels of catalogue income being received during 2004.
This is a trend we expect to continue.



Civilian's management is working hard to generate new managed funds for future
investment in feature films. In this regard, we consider pronouncements made
by the Chancellor in his recent budget about continuing tax incentives for
British Films a positive development.



The process of restructuring the business which began in 2002 is now
substantially complete. Having rationalised its core activities, Civilian is
now actively seeking the acquisition of complimentary businesses.



Your Board has decided to propose a change of company name to CIVILIAN Plc and
will seek shareholder approval for this change at the next AGM.





FINANCIAL REVIEW

During the 12 months ended 31 December 2004, Civilian made a retained profit
after exceptional items and taxation of 771,000. This compares favourably
with a retained loss of 1,183,000 for the 12 months ended 31 December 2003.
Administration, selling and distribution expenses fell by 65,000 to 1,802,000
during the year, which represents a 3% fall from 1,867,000 in 2003. The
head-count also fell, averaging 18 during 2004 compared with 23 during 2003.



As at 31 December 2004, the group had 2,524,000 cash at bank, although 194,000
was held on trust for third parties leaving available net cash of 2,330,000.
This compares with available net cash at 31 December 2003 of 375,000.





DIVIDEND

The Directors do not recommend the payment of a dividend in respect of 2004
(2003:nil)





BOARD CHANGES

There were a number of Board changes during 2004: -



Domenico Procacci joined the Board as a non Executive Director on 5th February
2004 and James Atherton joined the Board as a non Executive Director on 10th May
2004.



Michael Henry joined the Board as a non Executive Director on 10th May 2004, but
resigned on 26 October to concentrate on his growing legal practice. Aline
Perry resigned from the Board on 24th May 2004.



Our Staff have worked tirelessly in 2004 and the Board of Civilian thank them
all sincerely for their efforts and help in making 2004 such a successful year.





ANNUAL GENERAL MEETING

The Annual General Meeting will be held at 10 a.m. on Friday 6th May 2005 at the
offices of KBC Peel Hunt Limited, 111 Old Broad Street, London EC2 1PH





Crispin Barker

30 March 2005




MANAGING DIRECTOR'S REPORT







OVERVIEW

2004 saw a significant upswing in the company's activities, and a successful
transition after the expiry of the Film Consortium's Lottery contract. The
creation of the Surefire joint venture was followed by a successful fundraising
in the summer, which significantly enhanced the Film Consortium's production
output and the capture of international rights for sale by The Works. The
improvement is reflected in a material increase in turnover at a time of falling
costs and head-count. The group's cash position has shown a significant and
corresponding improvement.



The successful introduction of Fandango SRL as a major trade shareholder, and
the conclusion and deployment of the Surefire fundraising have both greatly
improved the company's reach and position within the international film
business.



Strategically, the management is happy to present a significantly positive
outcome for 2004, despite continuing turbulent market conditions.





PRODUCTION ACTIVITY

2004 represents the single most successful year of the company's activity by
film volume and budget output. Over 50 million of production activity was in
process during the period, which further establishes Civilian's leading position
as a UK-based but internationally focused, production house.



Half a dozen new films went into production during the period, including: Tara
Road starring Olivia Williams and Andi MacDowell; Guy X starring Jason Biggs and
Natasha McElhone; Best Man starring Stuart Townsend, Seth Green and Amy Smart;
The Proposition starring Guy Pearce, Emily Watson and Ray Winstone; River Queen,
starring Samantha Morton and Kiefer Sutherland. These titles are currently being
completed and have now entered their sales cycle. Additionally in the same
period, the company completed John Boorman's In My Country starring Juliette
Binoche and Samuel L Jackson, and My Summer Of Love, which went on to win the
BAFTA for Best British Film of 2004. At the same time, the company is managing
the development of some 20 feature film scripts, several of which should proceed
into production in 2005.





SALES ACTIVITY

Civilian's wholly owned sales agency The Works enjoyed an excellent year. Both
In My Country and My Summer Of Love were successfully sold to divisions of US
film studios (Sony, and Universal respectively), for release by them in 2005.
As in previous periods, The Works has successfully secured representation for a
number of high profile, third party films, including Ae Fond Kiss, which
premiered at the Berlin Film Festival, Changing Destiny (Venice Film Festival),
The Consequences Of Love (Cannes Film Festival) and Primo Amore (Berlin Film
Festival). Towards the end of the period, The Works also secured sales rights
to Tickets (which premiered at the Berlin Film Festival), and Tristram Shandy
(which has been pre-sold to Newmarket, a leading US distributor with whom we
enjoyed previous success on the US release of Whale Rider). The evergreen title
Bugs!, a large screen format film aimed at the children's market, continues to
enjoy a successful and extended worldwide release having achieved a cinema gross
to date of over $22 million.





CURRENT OUTLOOK AND FUTURE PROSPECTS

The company is currently focusing its attention in two areas: The further
development of new project financing structures (in regard to which the
Chancellor's recent budget statement has been broadly positive), and corporate
opportunities in the wider media environment, including UK distribution. The
company's healthy cash position, enhanced reputation within the trade, and
strong creative relationships with third party film financiers and producers
give the management grounds for being cautiously optimistic in the coming year.





Chris Auty

30 March 2005

Civilian Content cautiously optimistic on current FY
LONDON (AFX) - Civilian Content PLC said it is cautiously optimistic on the
year ahead, when it expects to continue to receive 'significant' catalogue
income and has its highest ever number of film rights to sell.

The company, which develops, finances and produces feature films and sells
international film rights, also said it was seeking the acquisition of a
'complementary business.'

In its financial year ended Dec 31, 2004, Civilian Content said made a pretax
profit of 771,000 stg, compared to a loss of 1.2 mln stg a year earlier, with
its sales rising by 66 pct to 3.9 mln stg.

tc


I wonder who the acquisition will be.....looks like exciting times.

"My summer of love" DVD starts to sell in the UK in June, thats yet another little bit of good news to all what we have already, to add to revenue and profits in 6 months time.

Oooooh lala........ 1M "X" trade @ 14.75

Somethings happening ;-)

X = interesting things, normally big rises to follow.

DYOR

We have a buyer it seems,

16:17:35 14-Apr-2005 13.50 50,000 6,750.00 Ordinary Trade
16:17:35 13-Apr-2005 13.50 50,000 6,750.00 Ordinary Trade

Another 50K today at 16:17 and 35 seconds ?

Civilian Content PLC
14 April 2005
SCHEDULE 11
NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS
1. Name of company
Civilian Content Plc

2. Name of director
Crispin Barker

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest

In respect of the above in (2)

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)

C.Barker 10,620,005
Daspin 1,020,880

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)

No

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary

Acquisition by C.J. Barker for own investment

-

7. Number of shares / amount of stock acquired
50,000
8. Percentage of issued class
0.12%


Thats the 13th April 50K buy, we should find out who is the 14th April buy later today.

And there is more, IMO this is going to high 20p level, even over 30p once the news is out.


Civilian Content PLC
03 May 2005
SCHEDULE 11

NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
...CIVILIAN CONTENT PLC

2. Name of director
...CRISPIN BARKER

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
...IN RESPECT OF CRISPIN BARKER

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
CRISPIN BARKER 10,970,000 DAVID ASPIN 1,020,885

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
...NO

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
...ACQUISITION BY CRISPIN BARKER FOR HIS OWN INVESTMENT

7. Number of shares / amount of stock acquired
...350,000

8. Percentage of issued class
...0.816%

9. Number of shares/amount of stock disposed
...N/A

10. Percentage of issued class
...N/A

11. Class of security
...ORDINARY SHARES OF 10P EACH

12. Price per share
...100,000@10.5P + 150,000@11.0P + 50,000@11.5P + 50,000@12.0P

13. Date of transaction
...FRIDAY 29 APRIL 2005

14. Date company informed
...TUESDAY 3 MAY 2005

15. Total holding following this notification
... 11,990,885

16. Total percentage holding of issued class following this notification
... 27.951%

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant
...N/A

18. Period during which or date on which exercisable
...N/A

19. Total amount paid (if any) for grant of the option
...N/A

20. Description of shares or debentures involved: class, number
...N/A

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
...N/A

22. Total number of shares or debentures over which options held following this
notification
...N/A

23. Any additional information
...N/A

24. Name of contact and telephone number for queries
...NORMAN HUMPHREY 020 7312 0030

25. Name and signature of authorised company official responsible for making
this notification
...NORMAN HUMPHREY, COMPANY SECRETARY

Date of Notification
...3 MAY 2005

Quite exciting,all this buying before the AGM on Thursday 5 May.The name will be changed to Civilian.Is there anything else to be announced or is this simply speculative buying against the chart which indicates a lowering sp.
One director owning 27% of the shares points to something in the air IMO.

Very quiet on here but it seems bottomed and waiting for that good news from the film festivals and acquisiton which means it might suddenly jump up from this bottom.

What acquisition did CCN make?

sidtrix there has not been one yet but they have said one is maybe coming;

From the last results

Crispin Barker, non-executive Chairman of Civilian Content said:
"Civilian Content plc has enjoyed the most successful year in its history, and
has assembled a significant slate of film rights for sale in 2005.The process of restructuring the business, which began in 2002, is now substantially complete. Having rationalised its core activities, Civilian is now actively seeking the acquisition of complimentary businesses".

2004 Group retained profit of 0.77 million (2003: loss of 1.18 million)
2004 EBITDA grew to 0.95 million (2003: loss of 0.40 million)
Cash reserves of 2.33 million (2003: 0.37 million)
Gross margin increased to 65% (2003: 48.0%)

The write up in IC yesterday says fair value presently.

CCN said earlier the second half is going to be strong so that looks good.

Very good news today from Civilian which should wake things up.

PpP: Congrats on the gain at CCN. I wasn't aboard but it's good to see your research bring in rewards.
sd.

squidd I am expecting much more from CCN when they report their second half as the first half should be nothing special, not bad, but nothing wonderful too, but second half news flow and results should be excellent.

From uk-analyst.com

Film production, finance, and international sales group Civilian Content saw its shares march 2.25p higher to 11.25p after it announced the launch of a new film distribution company, The Works UK Distribution. The company said that its new venture, which will be staffed by a team of 5, intends to distribute 8 to 10 films in its first year of operation. The company said that the move into UK distribution had handed it the opportunity to expand in production, an area where there are significant constraints on volume.

Civilian Content PLC
25 July 2005

CIVILIAN CONTENT PLC PURCHASES STAKE IN MOTIVE TV PLC

25 July 2005

Civilian Content Plc ('Civilian'), the film production, finance, UK distribution and international sales group announces today that it has acquired a 5.92% stake in Motive Television plc ('Motive'). Motive is the AIM-listed television investment vehicle headed by ex-Chrysalis industry veteran, Mick Pilsworth. The company was established in May 2005 to acquire television production and licensing businesses in the UK, following recent favourable regulatory changes in the television market.

Motive's first acquisition was a TV Production business owned by Setanta, the
successful Irish sports driven broadcaster. Civilian's decision to invest
follows meetings with the Motive management in the period prior to launch.

Chris Auty, CEO of Civilian, commented today,
'This is a strategic investment for the company as we look to further diversify
our interests. Recent changes to the regulatory framework governing terms of
trade in the TV sector are clearly favourable to the production sector,
particularly in drama and series. We believe Mick Pilsworth and his team have
the experience to build Motive by acquisition in a sector which is undergoing
consolidation'

Notes to Editors:
1. Civilian Content plc bought on 22nd July 2005 2,651,000 shares at 3.5p
in Motive TV plc from Crispin Barker, non-executive chairman of Civilian. This
is a total consideration of 92,785 plus stamp duty. These shares represent the
entirety of Mr. Barker's stake in Motive TV.
As part of the purchase agreement, Civilian has a put option on the shares at
3.5p back to Mr. Barker during November and December 2005. As part of this
agreement, Civilian would retain 65% of any gain in the shares above 3.5p.
2. Civilian Content plc is a film production, finance, UK distribution and
international sales group consisting of three wholly-owned subsidiary companies:
The Works International (film rights sale, managed by Joy Wong), The Film
Consortium film production, managed by Neil Peplow), and The Works UK
Distribution Ltd (managed by Mick Southworth). All three units are located in
Civilian's offices and all three units report to group MD, Chris Auty and group
FD, Norman Humphrey.
3. Motive Television plc was formed to acquire businesses in the
independent television production sector. The management of Motive Television
plc is a team of proven and experienced industry executives that intends to use
its experience of mergers and acquisitions in the television sector to identify
profitable businesses with growth potential.

Motive Television PLC floated on the Alternative Investment Market (AIM) in May
2005. It will be an acquirer of target companies in the independent television
production sector. The Directors expect to raise additional finance either
through raising debt and/or through the issue of further equity to complete any
acquisitions the Company may identify.
Motive's first acquisition was Setanta TV, a Dublin-based sports, documentary
and factual TV production company which has been renamed Motive Television Ltd.

Good for CCN or good for Crispin Barker?

Good for CB as he's got the company to finance a punt for a few months. It looks like he could be going the same way as Content where they have no regard for shareholders. This is going nowhere now until the Distribution business takes off or we hear of new films on the horizon.

Altoid - I'm afraid "new" films won't do it. They have to be "good" films!

This is a business based on keeping its staff in employment in a very uncertain world (from which I make my living). Look at the mess ContentFilm (CFL) got into last year from which it is also trying to reinvent itself.

CNN is a fun punt if you are a cineast and want a reason to watch the business, but as an investment it has no more place in a serious portfolio than picking race horses out of the newspaper (probably less - at least there is a probability that they are even in the race!).

sd

I took it as read that they wouldn't do new films unless they were good. But you're right. It's interesting looking at the 3 quoted film companies, CFL,CCN and IFM. None of them is heavily capitalised but if one of them could break out, get some critical mass, then I believe there could be an increase in investor interest.

altoid - the trouble is, you can't tell if you've got a good film until you have spent several million making it - the script, director and cast dooes not always translate into the expected product, especially on the more modest $5-25million budget films financed/made in UK.

There is a well-known list of low budget British films that performed unexpectedly well after great difficulty in getting them financed - from Chariots of Fire, Crying Game, Four Weddings, to Waking Ned etc - all of them the exceptions, not the norms which mostly sank with little trace.

sd

CCN now is changed to WKS with the new name of The Works Media Group.

New thread started for the new name.

http://www.moneyam.com/InvestorsRoom/posts.php?tid=8575#lastread