have we got anybody out there holding this stock or am i the only one...really like this one ...have been holding for quite a while....cant work out why it keeps going down though...hasnt brought out any bad news although like many small stocks is news driven and whilst it doesnt bring out any news it flounders a bit....but saying that it has got very cheap now ....moneyam seems to have trades wrong though....i would say theyre buying for 4.12 and selling for 4.06 at the moment but most trades appear as sells....your thoughts would be appreciated

janesteve, with regard to the Trades screen - please read the following disclaimer which is at teh bottom of the trades screen - this should help show you how we actually decide whether a trade was a buy or a sell.

Disclaimer

All analysis on this trades page is intended only as a guide and its accuracy is not guaranteed. It should not be used for investment purposes.

It should be noted that all trade declarations made by the market do not include a buy or sell indicator and therefore we have to derive this information ourselves. The policy we have adopted is based on the mid price of the stock at the time of the declaration. For example, a trade declared at a price that is higher than the mid price at the time of declaration would be put in the buy column, a trade lower than the mid price would be put in the sell column. A trade which matches the mid price would be considered unknown. Please also note that the market can delay declaration of the trades for up to an hour in which case we will not make any assumptions and place that trade in the 'unknown' column. Please also note that many investors are able to buy and sell within the spread and also users of level 2 systems will actually be buying at the perceived sell price, these trades might therefore appear to be wrongly categorised.

Hi Janesteve,
Yes I like this one too, and don't forget it jumped to 6p after the upbeat trading statement on 23 February. Since then the share price has taken a pounding - linked I think to the retreat from hi-tech following the market wobbles and the Madrid bombing. Year end result ought to be coming out soon.
Yes the shares look cheap, but worrying that the price is now in such a downtrend.

do you know when the results r due would be tempted to get back in, done well last time hope to do the same again ?

share price coming back slightly...now down .12.. 4 to 4.50...2 decent trades went through together at 4.25...lets hope we see a bit more buying now....

Virtue has a large Spanish client base - from banking groups to Barcelona City Council if memory serves me well. Its shares may have been particularly affected by the Madrid bombings?

However, there may be some consolation news today. Just had a quick look and haven't got time to check but - IMD to use Virtue Solutions for its Learning Network.

Details: http://www.virtuebroadcasting.com/

Cheers, Madison

Yes Madison, and see also press release on 15 March that PeopleSoft to continue to use Virtue for its webcasting.

RNS due shortly (?next couple of weeks) to fix date for final results. I expect the results themselves will be released in April.

This company is incredibly cheap at only 1.75m. It only needs to start making small profits with the promise of more, and the share price will start to rocket. NB in its 23 Feb trading statement the company said "the acquisition of Kamera has enhanced the ability of the group to achieve profitability in the short term." By short term I take that to mean in the current year to 31.12.04.
Check out its website and you will see that it has a raft of blue chip clients including NOKIA, Nato, Microsoft,ABB, Somerfield etc etc.

i agree with beaufort1.. i think the company is extremely cheap....it has bought out no bad news....i expct it to rise very shortly.....nice to see so many joining in with this co.

Sorry all, that market cap figure was totally wrong based on out of date information on the MoneyAM site (no doubt based on last annual report)
FT gives market cap as 9.5m.

beaufort1,

With regard to market cap figure i will get someone to look into this.

Ian

Thanks Ian

I have some VTB share but I don't expect any movement up on Tech cos as we can see the Nasdaq and FTSE Techmark going down......once the correction is over and both indices go up then expect VTB to start moving on up. Both indices have further to go (down) The Nasdaq is just pipping out the 200d moving average....any bounce back together with large volumes will signal the change in trend.

good buying going on today ....now up 0.25.....hope it continues

.

Market Cap as of 27.2.03 12Million

http://moneyam.uk-wire.com/cgi-bin/articles/200403260700099632W.html

This RNS is not mentioned on the quote page

so MoneyAM please fix it.



RNS Number:2591X
Virtue Broadcasting PLC
02 April 2004


Embargoed Release: 07:00hrs 2nd April 2004


Virtue Broadcasting Plc
("Virtue" or "the group")

Launch of New Brand


Virtue Broadcasting plc is today pleased to announce the launch of its new brand
'Virtue Communications'. Comprising of the three leading companies in the
European and Asia Pacific Corporate Communications Market, 'Virtue
Communications' will be the world's only truly global webcasting entity.

'Virtue Communications' comprises of the three integrated trading entities of
Virtue Corporate Services, Unit.Net and Kamera Communications and is the
foremost provider of International Online Corporate Communications Solutions.
Following what has been a challenging integration process the new combined
entity brings to the group significant improvements to operating costs, a
scalable platform and an international online corporate communications offering.

New Product Launch

As an intrinsic part of the groups international offering Virtue is also pleased
to announce that in April it will be rolling out its new product "Creator". "
Creator" is an innovative and powerfulwebcast self-publishing tool that enables
customers to use webcasting as daily corporate communications solution.
Creators ease-of-use and cost-effectiveness makes it the ideal solution for
large multinational corporations looking for quick and efficient roll out across
multiple locations on a global basis.

Klaus Ackerstaff, Chief Executive, commented:

"It has always been our intention to build Virtue Broadcasting into the most
innovative and high-quality online corporate communications group. The
successful integration of our recent acquisitions is testament to our ability to
achieve this. The decision to integrate the three entities in to a single
offering was largely driven by increasing market demand as more and more
companies found themselves in need of a combined international communications
solution.

We consider ourselves to be our clients trusted partner of choice and we intend
to continue our innovative approach by reacting to their evolving needs. As a
result we fully envisage ourselves carrying out further integration of other
forms of online communication to complement the current Product Service Offering
as and when market demand warrants it."

Thanks for posting this.I was wondering why there was so much interest in this share this morning...my stockwatch did not show up the news symbol and for that matter still isnt ....this share is still very cheap as it hasnt had a good run of late

janesteve, glad it was useful

It's still not showing up on MoneyAM though.

I hear that VTB are in IC this week...Whats the story?

Bizpack - yes it's tipped in IC today as a top ten "penny share". V good write-up.

Don't forget the EGM 20 April 2004

IC Tip 8/4/04

Virtue Broadcasting

Nature of business: Corporate communications

Share price: 4.25p

Market cap: 10m

Market: Aim

Acquisition-hungry Virtue Broadcasting has recently undertaken a raft of corporate deals. Specialising in the provision of online corporate communications to large blue-chip companies, the group announced its third acquisition in eight months at the turn of the year and it's unlikely to stop there.

Acquisitions to date include BigStream, Unit.Net and, most recently, Sweden-based Kamara. As well as cost savings that have trimmed the headcount by 40 per cent to around 50 staff, these deals have brought contracts with ABN Amro, Credit Suisse, Nokia, AstraZeneca and the Stockholm Stock Exchange.

More recently, contract wins with PC World, BP and large Spanish banking groups including Santander Central Hispano, BBVA and Banco Popular have further expanded its client base. A recent compromise agreement with the liquidators of Tornado Entertainment, its former subsidiary, has resulted in an exceptional income of 100,000 that should boost results for the year ending 31 December 2003. Interim results confirmed sales ahead by 133 per cent to 600,000 and reduced losses of 700,000 (down from 4.2m). House broker Brewin Dolphin expects a swing to profits this year.

An extraordinary meeting to seek shareholder approval for the further issue of equity, plus recent director share-buying, indicates there's more to come from Virtue. And its rapid emergence as the largest player in a fragmented European corporate communications market could make Virtue a takeover target for a media giant.

http://www.lemminginvestor.com/AprilRNSQuickReadupdates.html

Up 13.8% in the 1st 15 minutes today!

Trading Overview

The Board of Virtue Broadcasting Plc, Europe's leading online corporate
communications Group, today is proud to announce that consistent with its
consolidation strategy, the first quarter of 2004 has been a record quarter both
in terms of the value of new orders received and the number of webcasts hosted.

In particular, the Board is pleased that, in addition to revenues contributed
from the recent acquisitions of Unit.Net and Kamera Holdings in the first
quarter, the enlarged Group has won business from over 40 new clients, including
Pernod Ricard, Carl Zeiss, Repsol, Alliance & Leicester and Ramco Systems, both
through direct and reseller channels.

Further, the Board confirms that it expects to release its Final Results for the
Year Ended 31 December 2003 on 24 May 2004. As previously stated the Board
expects these results to be in line with expectations.

Looking good ! Good time to top up.. Will continue to rise up to the results (IMHO) :)

has come back a bit with a bit of profit taking...this share is still so cheap...and it hasnt brought out any bad news at all

That trading statement was extremely positive - obviously a very good first quarter and lots of new clients. My impression is that Webcasting is really beginning to gather momentum.

The newsflow with the upcoming EGM and then the final results will help the share price.

20/04/04 12:56 Result of EGM RNS

barnymam

It looks good to me.

virtues just anounced a placing at 3.25 raising 3.1 million

A lot of buys going thu it must go blue shortly

quite a bit of buying going on with this company....does anyone know why other than it is cheap and perhaps people are starting to realise

It is cheap IMHO, with the price drop following the recent fund raising (3m at 3.25p). So much has happened to VTB in the last year that the market has no real feel for what its value may be. The picture will be much clearer on publication of year end results on 24 May. Bear in mind that the share price jumped to 6p on the recent trading update in March. Also since then they have announced a record quarter for Q1 2004

My hunch is that after 24 May we won't see these prices (buy at 3.7p) again. Longer term it obviously depends on the earnings prospects. They really need to break even for 2005 - the results will give a steer and no doubt their broker Brewin Dolphin will be putting out an update.

I have just topped up today. DYOR, it's a very volatile stock but I have tucked it away for the long term because if management gets it right it's a multi-bagger.

i agree with your points and feel it is a very good buy....with over 5 million buys going through the price must go up sooner rather than later

I also think VTB are an exciting opportunity. I know demand is not the only factor but yet again today we have an exceptional number of buys going through with no increase in price?

Something's going on - cum vol of 9.3m shares traded today by 1pm. That's over 4% of the share cap. Nearly 8m buys.
Watch this space!

6m buys logged in an hour - what's going on??? NB trade price is 3.7p, so MMs must be buying from each other - price must surely jump when they run out.

Is some news about to be released?

6m buys logged in an hour - what's going on??? NB trade price is 3.7p, so MMs must be buying from each other - price must surely jump when they run out.

Is some news about to be released?

i agree with you. somethings a-foot!, dont know what myself. is this anything to do with it:

Virtue Broadcasting plc

5 May 2004

Placing

The Board has, today, issued and allotted a total of 95,422,850 new ordinary
shares of 0.1 pence per share through a placing at 3.25 pence per share to
number of institutions, Venture Capital Trusts and other parties, raising
approximately 3.1 million before expenses.

Application has been made for the new shares to be admitted to AIM and trading
in the new shares is expected to commence on Wednesday 12 May 2004.

ENDS

its old(ish) news but with it being the 11th today.....
mind you it may be expected good news from the results later this month making people squirrel them away.

well its just started moving....(upwards by the way!)

a friend of mine has recieved alot of calls from hoodless brennan ..they hve acquired alot of shares at 3.25 and now off-loading to it's clients at a slight discount to the market price, apparently they wouldn't take no for an answer so he ended up he got peed off and has asked to close his account ..this explains alot of the buys today .... i don't hold any ..have no views positive or negative

yes that explains alot, but the question now is how will the share price go from now on? i have followed VTB for a while now and think they obviously have some potential but am not sure what the extra shares will result in.

It still does not make sense. Over 20m shares traded today, the great majority were BUYS. If someone was trying to dump stock bought at 3.25p, the price would fall heavily. The share price rose slightly. Guess there may have been a managed exit for one of the subscribers - but why would a big buyer purchase today at 3.70 or 3.95 when it could have taken part in the placing at 3.25p? And why would someone who took the trouble to subscribe at 3.25 take the risk of trying to stag it like that.


If the underwriters were left with an overhang of stock to get rid of and Hoodless Brennan were trying to get rid of it the price would fall - it was a big placing of 95m shares as against an existing share cap of 217m shares.


All very odd. maybe there will be an announcement in the next few days. I take comfort from the fact that the price moved up not down today!

just got home...lets hope we see another rise tomorrow....results are out later in month nd they must be good....

it all looks very promising then you get a slightly odd trading day and everyone (well not EVERYONE!) is confused. those in the know are as usual keeping it to themselves. so today something like 8%(?) of the shares were traded with maybe at least 75 percent being buys. the price then creeps up after not moving..... lets see what tommorrow brings!

the buys seem to be carrying on today...perhaps we will see another small rise later on

anyone thinking about speculating on the results should def consider the share at the mo. dont think there should be too many sells if good news is to be expected.

when will the share go up?...next week or longer
is this a long term investment or we gonna see it .10p soon

thanks

ps call anyone advise me thanks..

when will the share go up?...next week or longer
is this a long term investment or we gonna see it .10p soon

i got some money invested in this..
thanks

ps can anyone advise me thanks.. or expert advice..

thanks

nothing but buys for 2 days now and the price goes down......what is going on.....can anyone explain

Beats me as well !
Large stock overhang from recent share placements ?
However, me thinks this is a buying opportunity at these levels. May then see SP go up for a while during results release, then it'll go down with the markets over summer but come back stronger in the autumn and for interims. (IMHO & DYOR, PYO ! etc.,)

Hi,

I think that as skyhigh suggests these are from the stock placements. For example City Equities had a lot of these shares and are now onward selling them to their clients. Presumably the same applies to some other institutions.

Long VTB

hi, mikepl, what will happen to the shares in the company. Are they on the way up or down. Are we expecting the share to go up and when. could you let me know

thanks

Hi Bahader,

I don't think there are any guarantees with any share. However since I am long on them, I personally expect them to go up on the next results (which are prelims on the 24/5. I expect this because I believe they have won a lot of new business which has not been announced. However a lot of this is supposition.

hi mikepl, thanks

you these will hit .10p. I have bought these 70k @ 0.0375p. When would you recommend to sell. let me know mate...
thanks..
billy (nickname)

hi mikepl, thanks

would you think this company will hit .10p. When I have bought these 70k @ 0.0375p. When would you recommend to sell. let me know mate...
thanks..
billy (nickname)

Hi bahader, selling is a tricky one and I think very much depends on your strategy towards shares, i.e. are you in for the long term or short term, etc. Couldn't possibly advise you. I may advise when I exit and why if that is any help!! Personally I think these may be a good long term hold but as previously mentioned by others I am sure there will be a drift downwards sometime!

hi mikepl, i am here for a short term.

thanks, mike..

Bahader,
It's really hard to call VTB in the short term, because it all depends on the results on 24/5 and the news released then. The Company has said that the results will be in line with expectations (whatever they are).

What I am hoping for is a break out from recent trading range ie above 6p, but that is quite a long way from present levels. At least the share placing seems to have been managed well without further nosediving of the SP.

What VTB needs is some good publicity in Shares Mag or IC (it got a tip in IC not so long ago). It needs to get on the radar screens so that more of the instutions get on board. At the moment it's just too small at <10m market cap.

I am in for the long haul, ie 2-3 years. If it goes well this could be a multi-bagger.
Good luck!

Hi, according to Hemscott forecast eps for 04 is 0.1p, i.e. moving into profit. eps @ 30/6/03 was -0.66p. Hope that is some help.

Don't expect this to be a short term bet.

VTB is growing rapidly by aquisition by issueing new shares.

New share issues can often worry people & hold back the price.

10 years time this company could be a real gem or taken over itself or bust.

Expect more aquisitions. So far they seem to have made some quite good ones.

I'm in it for the long term or until I think that they won't make it.

However, if it rises too quickly then I will get out & wait for it to fall back again before getting back in.

DYOR

14/05/04 13:24 Acquisition RNS

http://moneyam.uk-wire.com/cgi-bin/articles/200405141324297030Y.html

This share seems to be on the move again

264,500 crossing trade as well.

All buying yet again today!

up slightly today....i think the results are out monday.....time will tell

Expect people to be surprised by good news on Monday!

I don't think recent reports & events have been noticed by many people & for some people they haven't really sunk in.

Turnover from continuing operations increased by 194% to 2.1 million.
Very good news for continuing operations.

Unfortunately, overall turnover dragged down by new aquisitions.
Overall Turnover increased by 22% to 2.7 million.

Judging by by their track record the new aquisitions will soon have good news too.

Loss per share reduced by 89% to 1.0 pence.
Adjusted loss per share reduced by 75% to 1.3 pence.

I suppose that it would have been a profit without the aquisitions.

Looks like they know how to turn around their aquisitions.

trouble is bought out good results as far as i am concerned but what do the shares do.....go down.....beats me.....what do people expect

janesteve

My guess is that they will be up & down about 10% for a while until the next trading statement.

Judging by their ability to turn around their aquisitions, the next trading statement should be very good & they should be in profit.

When that happens, we go UP!

It did seem a very positive statement but without outright 'profit, profit, profit' in the current market upward jumps may be slower than hoped. Still it looks very promising.....

Before the market opened this morning, vtb were marked up so the MM's were optimistic. But if some investors get jittery and sell, then the price will go down, nothing to do with the Company or its prospects. Good buying opportunity now.

Chairman's Statement

The past year has seen the continued recovery of the telecommunications, media and technology (TMT) sector, since its rapid decline some 3-4 years ago. Whilst some companies have either failed or gone into administration, others have enjoyed their first operating profits, primarily through a focus on cost saving, creating value add services and achieving economies of scale through sector consolidation. This recovery has created a renewed interest amongst investors, both Institutional and Retail, and confidence in the sector is returning. Our successful placing at the beginning of May, raising 3.1million before expenses, is testament to this sector's recovery and investor interest.

I am delighted to report that Virtue has managed not only to attract significant new investment over the past year, but has also succeeded in transforming the business into possibly the leading Webcasting business in Europe. This has positioned the company for further aggressive penetration into the high growth, high margin IP based corporate communications sector.

As announced in June, we divested our UK Media Services division to Interoute Communications Limited for a gross consideration of approximately 800,000. This decision was taken to allow us to concentrate resources on the Corporate Communications market, where we have significant competencies and a solid history of service delivery, which is reflected in our high quality blue chip customer base.

We have also successfully consolidated our operations function into one discrete unit and, as such, Europe is now served from one primary centre. Most importantly this has provided us with a scalable platform, which delivers enhanced IP based services to our customers. In summary, we now have one R&D team, one operational centre and one scalable platform, which allows us to increase our customer base without a corresponding increase in overheads of the enlarged group. This will enhance the bottom line of the business through increasing margins and reducing costs of sales. This centralised strategy for our core operational unit has already delivered significant benefits to the enlarged group as a whole and we will continue to leverage our asset base in order to extract increasing value for the Group. The Board believes that there are significant opportunities to extend the current products and services offering by vertically integrating professional service offerings as part of an ongoing unique service proposition (USP). This should enhance margins, and create real barriers to entry for competitors.

Our ultimate goal however is to be a key player in the provision of IP based corporate communications, which encompasses a number of differing strands, all of which are highly synergistic, and margin enhancing. With our extended footprint across Europe resulting from the acquisitions of Unit.Net in June of last year and Kamera in January 2004 we now have the base foundation in terms of infrastructure and customers from which to deliver these exciting IP based services. The latest acquisition, of Foroso Communications in Germany, will accelerate the deployment of IP based Web conferencing to our customer base, and will allow us to leverage the business to deliver greater value to our shareholders.

The acquisition of Foroso represents the successful start of the second stage of the Board's strategy to build Europe's leading online corporate communications company. The Board shares the view of many leading analysts that the market is moving toward a single, converged, IP based voice-video-data network, with research showing that the worldwide Web conferencing market segment is set to grow by 73% per annum to USD1.1 billion by 2006 (source: The Radicati Group,
Inc. October 2003).

It is primarily due to the high quality of the people at Virtue, that these acquisitions have been promptly and efficiently transacted and integrated into the Group allowing us to extract enhanced value from our corporate activity.

Costs have been a continued focus for us during the period under review, as a result our overall operating cost base for the second half of 2003 was 1.7 million versus a combined 3.2 million of the Group and Unit.Net AGin the first half of 2003.

Our revenues from continuing operations during the term have increased by 194% to 2.1 million, a clear indication of the speed at which the business is developing and the reshaping of the business in order to take advantage of the significant opportunities within the IP sector.

We have had some excellent customer wins during the period that clearly demonstrate our continued ability to offer and deliver broader solutions to multi-regional blue chip companies. These customers include Bertlesmann, PC World, Novartis, Swisscom and many others.

We are now a leading operator in what is a consolidating sector with a growing number of high quality customers both in the UK and across Europe. Some of these companies are major multi-nationals, such as UBS, Deutsche Bank, ABB, Deutsche Post, Holcim and ABN Amro. We are now in a position to increase our focus on customer needs across a variety of geographical territories, which we believe will yield major cross-selling opportunities for the Group. Our strategy is one of retaining and attracting quality customers, which are able to deliver higher margins to the business.

The Board anticipates further improvements in operating performance from both existing business and the newly acquired acquisitions, with respect to revenue and margin. I expect this to be achieved as we extract the value and cost benefits from our centralised operations and economies of scale.

I believe the Company now has the right focus, market position, technology offerings and team to deliver our objectives of building the business into a leading global provider of IP based corporate communications. We believe the long-term prospects for the business are excellent and we will continue to create more sustainable and higher margin revenue streams from our products. This is an exciting time for the Company and the IP based corporate communications sector and I look forward to updating you on our progress in due course.



Mike Neville, Chairman

are these shares gonna hit 18p or am i dreaming...

i think you are dreaming....if they hit 6p again in the next year we'll be lucky

i mite as well sell now..
thanks janesteve

i mite as well sell all my shares.. and cut my losses
thanks janesteve

Hang on Bahader - don't suffer losses unless you are desperate for the cash. Once VTB is in profit it will be a different story.

when will they be in profit beaufort1? are u m/f.. i should off bought in something elese. big mistake..

thanks

when will they be in profit beaufort1? would u know the dates are u m/f.. i should off bought in something elese. big mistake..

thanks

its gone 3.05p shitttttttt..
is it worth buying now.. does anyone know...

its now 3p.. whats going on. I thought this company had good news. i read the mm
. I might as well go to sleep and wait 2 yrs..

how come there so many selling..

Waiting 2 years is probably quite a good idea. Bahader I am sitting on quite a loss, but am going to sit tight. VTB's broker Brewin Dolphin believes that it will come into profit this year. Markets are really bad for small hi-techs like VTB at the moment. Its market cap is only 10m so below the radar of most institutions.
But they have a blue chip client base and are hoovering up smaller companies in the sector. My guess is that a bigger media player will buy them up.
Short term I guess the price may contintue to drop. Last I saw it was 3.25p.
I'd be inclined to wait before buying any more - might be possible to pick some up for <3p over the summer. Depends on interims - half-year end is 30 Jun.

thanks beaufort1, you didn't tell me if your male or female? lol

dont get me wrong ....i think this co is worth holding....i do hold them myself at an average of 5p ....but to think they're going to reach 18p in the near future is unrealistic

Agreed janesteve; but within 2 years I think it's perfectly possible.

Bahader,
Male (middle aged, balding, short-sighted).

As I said on Monday 10% fluctuations on this share.

This share is a LONG TERM bet.

They are growing rapidly by aquisition.

yes, long term, at moment tech shares are NOT doing well but patience. The company got it right. Essential ingredients are there to outperform

In this morning's FT, stock market report says VTB was down yesterday on rumours of a deal in Australia.

In this morning's FT, stock market report says VTB was down yesterday on rumours of a deal in Australia.

The deal has been announced this morning....looking good. VTB still has 3m available for further aquisitions (wouldn't surprise me to see more in next couple of weeks)
VTB is also a good takeover target.. SP has ticked up this morning, It's all looking good...good time to top up (IMHO, DYOR,PYO)

http://moneyam.uk-wire.com/cgi-bin/articles/200405280700051804Z.html

Very good news!

The tree has been shaken, the loose leaves have fallen off, a bit more shaking is due before it grows again. Hold. Plenty of goings on to make this one shoot up this summer.

Looks to me like it could fade in the summer sun unless they pull off a deal worthy of the 3 million.

Virtue Broadcasting PLC
02 June 2004

Embargoed Release: 07:00hrs Wednesday 2nd June 2004


Virtue Broadcasting Plc
('Virtue' or the 'Group')

Vodafone Contract

Virtue Broadcasting Plc is delighted to announce that it has won a contract from
Vodafone Sverige AB for the provision of mobile content services, over an
initial period of 1 year. The contract, which has been awarded to the Group's
Swedish subsidiary Kamera Holdings AB, will generate revenues of at least
300,000 and demonstrates the huge appeal of Virtue's online and mobile video
solutions to multi national companies such as Vodafone.

Over the past year the Board of Virtue has actively sought consolidation in the
online communications sector and has successfully completed and integrated
several acquisitions into the Group. The reason for pursuing this strategy was
clear. Operating within the highly fragmented market it was felt that there was
a strong customer desire for the emergence of a single leader who could supply a
truly global online communication solution for intranet, web or mobile
distribution. The decision by Vodafone to use Virtue demonstrates that companies
that successfully consolidate in the sector will become the preferred choice of
the larger blue chip organisations for the supply of online communication
solutions.

Mike Neville, Chairman, commented:

'This is a significant milestone for the Group and is the result of a great deal
of hard work that has progressed the Group into the forefront of the online
communications sector. I am delighted to have received the endorsement from
Vodafone and believe that this is testament to the depth of experience of the
team at Virtue and the appeal of our integrated global approach to online
communication solutions.'


-ENDS-


For further information please contact:

Virtue Broadcasting Plc
James Ormondroyd, Finance Director
Tel: +44 (0) 20 7785 6000

Hansard Communications
Andrew Tan
Tel: + 44 (0) 20 7245 1100



This information is provided by RNS
The company news service from the London Stock Exchange

Thanks barnymam

I hadn't noticed that RNS

Anyone get the feeling that all those shares issued a short time ago are holding this one back? Maybe once the slack has been taken up this one will rise. Good news though seems to be coming through more often recently with this one.

tbrooking66

At least those shares didn't dilute the value of the others because the were used for aquistions & the aquistions are doing very well.
eg. this morning's RNS.

mentioned positively in the results section of shares this week

Sorry started a new thread, did not see this, check this out, thanks to GORDGEKO for the figures:

2004 REVENUE AS I SEE IT:

3.2m sales (from Q3,Q4 2003 figures)
2.0m 12 months sales Kamera (from this aquisition RNS)

0.15m 6 months sales from Foroso (from aquisition RNS)
0.21m 6 months sales from Webcom (from aquisition RNS)
0.20m 6 months sales from AnnounceTV (from aquisition RNS)
0.15m 6 months of VOD Contract with Kamera (from RNS)
0.05m 6 months BT Global contract with VTB OZ (from RNS)

TOTAL FULL YEAR REVENUE FROM ABOVE KNOWN SALES: 5.96M, However current organic growth is running at 42%, with a record Q1 2004 I see no reason why this will not continue, however I will be prudent and say organic growth will be no more than 25%, this adds an additional 1.49m to 2004 sales, giving a total of 7.45 million.

Costs on the other hand have been slashed, with the integration of Unit.net and bigstream being successfully completed in 2003 we start the year before further aquisitions with a cost base of 3.2m, the additional aquisitions of Kamera, Webcom, Foroso and announcetv should integrate well into the VTB platform, so savings on infrastructure and offices should be good. However as a company grows it cannot keep shedding staff, particularly sales staff, so I am calculating that VTB will see a 50% increase in fixed costs for 2004 taking the cost base to 4.8 million in 2004.

2004 Sales 7.45m less costs of 4.8m, leaves a profit of 2.65m for the full year 2004.

The above profit figure obviously does not take into account additional aquisitions that by and large should go straight to the bottom line depending on their geographical location.

VTB doing the business for EMI last week:

http://cm01.vavos.net/xl?preid=40153

Thanks gemfinder!

Very useful post.

VTB also handled News Corporations announcement of re-incorporation in the USA from Australia
- see www.virtuebroadcasting.com

Brewin Dolphin's estimate (as at 31/03/04) of sales for y/e 31/12/2004 was 6.5m. Adding in the new income streams set out in gemfinder's post comes to 7.26m - pretty close to gemfinder's 7.45m. For the record BD was forecasting PBT of 0.1m for 2004.

I think BD are about to do an updated note on VTB. Don't know if anyone has seen it...

This week is the time to get severly into VTB and CYH - forget the spread - the rewards is there when the results are out

VTB share price suffering today. I think the share overhang/dilution from the recent placing is weighing on the price

Very interesting scenario building up here, large broker to broker trades, the MMs dropped the bid dramatically, then dropped the offer. If you look at the trades there were millions of BUYS at these low levels. The total volume of shares traded was one of the highest ever for VTB at almost 5 million (hardly any sells showing up)! There is BB rumour that the trades didn't go the MMs way. Only yesterday a poster on ADVFN put forward a chartists view that VTB was following the 'falling wedge' formation with resistance begining to show around the 3p mark and a breakout about to occur any day soon. Hopefully this is the case as it is quite possible a massive reversal is about to occur (not sure what may trigger this though). Watch this space could be a very interesting week for VTB. My advice is purely watch the radar nothing more than that.

I must say that I didn't see too many buys today. I did see 5 MM to MM SELLS at the bid plus several very large trades that looked like SELLS. It appeared that sells outnumbered buys at about 4 to 1.

This still looking very weak. It may have a lot to do with the tremendous amount of share dilution that there has been due the recent cash calls.

VTB has also been on a buying spree and until these purchaes pan out there may be some scepticism about their profitability.

VTB is now oversold and bound to bounce back, time to top up.

Make your own minds up boys and girls these are the trades for the day....

Todays trades on VTB

BUY = 1,254,000 shares
SELL = 717,000 shares
Mid prices trades
? (decide for yourself whether they're buys or not)= 2,550,000

0012PKFD04 3 16:07 500000 2.75 3.25 ?
203FZODJ04 3 16:04 500000 2.75 3.25 ?
0012PHD904 3.25 15:59 76923 2.75 3.25 - BUY
203FZJC504 3.25 15:58 65000 2.75 3.25 - BUY
303IDDDA04 3 15:53 180000 2.75 3.25 ?
0012PGCW04 3 15:51 100000 2.75 3.25 ?
203FZJB604 3 15:50 20102 2.75 3 - BUY
102GCGCA04 2.9 15:46 256992 2.75 3.25 ?
203FZIAS04 3 15:46 333300 2.75 3.25 ?
102GCHBN04 2.9 15:45 100000 2.75 3.25 ?
203FZNBF04 2.97 15:43 50000 2.75 3 - BUY
0012PJB004 2.97 15:36 20000 2.75 3 - BUY
102GCHAH04 2.96 15:33 44000 2.75 3 - BUY
203FZN9804 2.92 15:26 150000 2.75 3.25 ?
102GCJ8N04 2.97 15:26 200000 2.75 3.25 ?
0012PN8I04 3.1 15:26 125000 2.75 3.25 - BUY
0012PJ9T04 3 15:26 180000 2.75 3.25 ?
303IDF1804 2.82 14:26 19656 2.75 3.25 - SELL
102GCK2204 3.12 14:22 110005 2.75 3.25 - BUY
102GCN1M04 3 14:19 50000 2.75 3.25 ?
303IDD1N04 3 14:18 50000 3 3.25 - SELL
203FZJ2004 3 14:18 50000 3 3.25 - SELL
303IDC2604 3 14:18 50000 3 3.25 - SELL
102GCK1V04 3 14:18 100000 3 3.25 - SELL
0012PF1304 3.25 13:40 7347 3 3.25 - BUY
0012P1VK04 3.22 12:48 5000 3 3.25 - BUY
102GC3QN04 3.1 12:03 20000 3 3.25 - SELL
102GC4PH04 3.04 11:49 33096 3 3.25 - SELL
0012P3HU04 3.25 10:29 19251 3 3.25 - BUY
0012P1CQ04 3 09:42 120000 3 3.25 - SELL
303ICGCC04 3 09:42 130000 3 3.25 - SELL
303ICFBD04 3.2 09:39 50000 3 3.25 - BUY
102GBZBJ04 3.2 09:39 50000 3 3.25 - BUY
0012OZC804 3.25 09:28 50000 3 3.25 - BUY
102GC1AC04 3 09:19 20000 3 3.25 - SELL
303ICE9Y04 3 09:15 25000 3 3.25 - SELL
0012P19Z04 3.25 09:13 40000 3 3.25 - BUY
0012P57V04 3.25 09:03 50000 3 3.25 - BUY
102GC26404 3.25 08:44 50000 3 3.25 - BUY
102GBY7004 3.25 08:43 100000 3 3.25 - BUY
203FYL3G04 3.04 08:16 100000 3 3.25 - SELL
102GBZ3H04 3.25 08:12 40000 3 3.25 - BUY
102GC13I04 3.25 08:11 50000 3 3.25 - BUY
303ICK2L04 3.17 08:05 200000 3 3.25 - BUY
0012P21I04 3.17 08:01 32000 3 3.25 - BUY

That is not a very useful picture of the trades as the trade types are not there so you cannot see the 6 MM to MM sells or the 'L' trade. The 6 MM to MM sells account for 350,000 by themselves.

The fact is that VTB was down 7.7%. That really doesn't equate with 2 to 1 buys as you are showing does it?

The flagging of the trades as buys or sells above is always unreliable due to trades being reported late when a price is falling making the trades look like buys. I am still of the opinion that sells ourweighed buys about 4 to 1. The alternative makes no sense at all.

Haystack, you are amazing.

People i don't post much but watch out, this person has been deramping this stock on other bb's. Check out the thread on advfn.

What you mean is that I have been posting negative comments about it such as:-

The falling share price.
The heavy dilution of the shares due to several cash calls in a row.
The spending spree of buying companies before the ones already bought are integrated into the company.
The rate of purchase of other companies makes VTB very difficlut to value as their results are always very different from the business at any time.

Just look at the chart. It speaks for itself.

haystack, VTB has to be look as a long term not short term like u doing, yes the shares have suffers as so others in the same sector, it is being oversold. the spending spree can be justified as it is buying companies with a good portfolio of clients and in profit, most importantly it is creating a monopoly and getting to areas of growth. I feel this is a top up time. Give it 2 years and u'll have in double digits. If u can wait longer then sell your stake. IMHO

A major rumour doing the rounds is that Marlow property is let from August 1st. This move 1m plus across the balance sheet into positive territory. Basically its like having another placing but without any dilution. The Marketmakers obviously got wind of it and want some stock.

There are a few derampers of VTB, Haystack is one on here and ADVFN.

Be aware - there could be a big buy order going through that will not come out until its complete, and the MM's are lapping up the cheap shares to fill it - (a large sell order does not have the same effect as we are seeing).

VTB is an excellent long term growth stock - BUY

Marlow rumour is also on the ADVFN website

It would take a lot of courage to buy VTB at the moment given the price has halved in the past three months.

A good reason to top up. there is not reason bad fundamental reason for the sale other that bulls are giving up.

roflmao :-)

I must remember that useful new investment rule.

"when the price has halved in the past three months it is a good reason to top up"

The good thing about these BBs is that you learn something every day.

I see you are working a few Financial sites at present.

No. I thought that the word 'few' was an indication of more than 2. I have posted here and on ADVFN about VTB. There are no others sites worth posting on. I know of at least 6 others but they are a waste of time.

Haystack, definition of few:

"Being more than one but indefinitely small in number"

You seem very touchy today.

No. Not at all. I just prefer accuracy and not an implication that I am posting all over the place about this. The common usage of 'few' is generally more than two.

The main thing is that I think the price is very weak for good reasons and I am expecting this drop further to around 2.5p.

But it bounced yesterday on support, thats not a weak signal!

It was down yesterday, but closed one tick up off its lows for the day.

so it bounced!!

I don't think that is what generally known as 'a bounce off support'.

A bounce off support is normally when a stock falls to a support level and closes at about that price. This is then followed by a close up the next day or very soon after. This is then deemed to have bounced off support. If you are using a line chart then your type of bounce is invisible and it just looks like the price went down to support as in VTB's chart.

you have not shown the tick up on the chart, the bounce!

No I haven't charted the tick up today as the discussion was about that you posted earlier. Let me remind you: -

gemfinder - 08 Jun'04 - 12:35 - 125 of 129

But it bounced yesterday on support, thats not a weak signal!

...................
It doesn't look to me as though you were discussing the bounce today so I limited the chart to the close yesterday. It most certainly did NOT bounce yesterday. Just look at the chart. It did bounce off support today though. It remains to be seen if it is a real bounce and it closes up and whether it tests the support again very soon.

Ok, it bounced intraday yesterday and bounced further today. Can I have a new chart showing the intraday bounce of yesterday and todays bounce.

Courtesy of supermum



6 month chart

It just looks like it is in an established downtrend!

I would say it looks rather positive

Haystack must be the number one deramper of VTB (here and ADVFN). Very nice of him to miss the tick up off of the chart.........he does like to show only the bad........perhaps we should call him Mr Negative.

Does anyone know what stocks / BB's Haystack is posting supportive news on, we can then all go there and deramp his favourites then.

VTB Market Maker Positions

 

Date	Sold	Bought	Net
7-Jun			Neutral
8-Jun	703944	192170	511,774 SHORT

barneyman

You should read the thread mor carefully. There was nothining sinister about leaving off the tick up. The point of the discussion was whether there was a bounce on the PREVIOUS day, so that was the day the chart ended to show that it went down. If you want to post on stocks that I post on positively then feel free. You may need a paid for subscritption though.

I am still very negative about VTB and still expect this to fall. Here is a chart with the tick up and you can see VTB is still well into a downtrend.

From ADVFN : With Regards to Haystack.

"It's the general tone of your posts lately that shows youre getting rattled. Why should you get so hot and bothered is beyound me. You don't even hold the stock, nor do you short it. I doubt it you trade any stock, just a sad simpleton who has nothing better to do that haunt multiple boards with the same old tripe. But if it makes you happy and contended then carry on".

Doesn't say much about his personality....

SueHelen
You should realise that a number of posters on ADVFN have their own agendas and try and stiffle alternative views on their stocks. Thye try anything they can to stop people posting. Why do you take it so personally that I have strong negative views on ELH and have posted them on that thread? I am not attacking you at all and I am being very polite to you. Is it too much to ask that you do the same in response?

VTB looks like a good business that is out of favour because people are looking at charts instead of the business.

There are several problems with the business that may be affecting the share price. They have had a number of cash calls. The dilutionary effects have caused the price to drop each time.

They are busy buying companies at a fast rate. The integration of these business will take up a lot of their time and resources. The new parts of the company may well contribute good profit in the long term. At the moment there is no way of knowing this and it makes the company very difficult to value.

In takeover deals the company being taken over usually goes up in price and the company doing the taking over usually goes down as the results is unknpwn and the market does not like uncertainty. This is not a hard and fast rule, but applies in most cases.

The recent results were not very good, but because of the cash call and the recent takeovers the company may be different now. It all adds up to uncertainty and a lack of financial data to value the company on.

You also need to consider that the market that they are in is a very fragile one. Streaming media for company reports etc. may not turn out to be a long term viable business model. That type of thing could just as easily be done by companies in-house. It is also a business that is very prone to price competition with smaller media production companies undercutting them. It is exactly the sort of thing that PR companies may get into. It could also interest promotion companies and advertising agencies.

There is very little information about the churn rate of customers, the cost of acquiring new customers or the lifetime value of a customer. It may turn out that much of the business is not very profitable.

This is still heading down. My target of 2.5p or less is pretty close now.

Haystack

I disagree about the results & their takeover strategy looks good to me, that is what they needed the cash for.

Due to the takeovers, the dilution is in voting not in value because the shareholders now own a smaller proportion of a bigger company.

I only hold a tiny amount but I do hope they do go down further, I'm looking for the bottom so that I can get a lot more at a good price.

apple
You misunderstand me. I am not complaining about their takeover startegy. I am saying that at present the market cannot value the company due to the rapid rate of takeovers and the lack of information of how well the integration is going. I am offering it as a partial explanation of the price weakness. This is not to say that the price may not rise and the business may make good financial progress.

Yep Haystack, it's always difficult value a company with the info that we get but if it was all out there already then we would be too late & there wouldn't be so much upside or downside to gamble on.

We call it investing but of course it's really gambling.

Unfortunately, the price has recovered from this morning's dip so if that was the bottom then I've missed my chance.

SueHelen - 09 Jun'04 - 11:43 - 138 of 145


From ADVFN : With Regards to Haystack.

"It's the general tone of your posts lately that shows youre getting rattled. Why should you get so hot and bothered is beyound me. You don't even hold the stock, nor do you short it. I doubt it you trade any stock, just a sad simpleton who has nothing better to do that haunt multiple boards with the same old tripe. But if it makes you happy and contended then carry on".

Doesn't say much about his personality....


Well, as a shareholder i for one like to hear an opposing view, so cheers to Haystack. Posting the above out of the blue doesn't say much for the authors personality or yours for that matter.

Over at ADVFN at around midday a load of emails were sent to the AIM to complain about the manipulation of VTB by MM's. At this very same time Haystack, NickB and all the other (or the same one) derampers stopped posting, and I see Hyastack stopped on here as well at 12:21pm. Now that is very very interesting.

It was taken the MM's tried a big shake yesterday and failed, they are very short on stock is the opinion and an expected 8% up this morning with a good RNS to follow today or next week.

DYOR.

barnyman
I stopped posting on VTB as there was not much to say about it. You may also notice that the post on here was the last post for a long time so there was nothing to reply to. I see you are part of the population that believes in consiracy thories.

Do you also believe that the US did not actually go to the moon? LOL.


Where is this 8% up that you predict? And where are the trades for VTB? There has only been about 3,000 worth of trades today. It looks more like a complete lack of interest in VTB.

My opinion on VTB has not changed and I think it will be going down.

Haystack, you do know that VTB has potential, you are playing the game, posting the negative sides to get in at cheaper prices ahead of a pickup, if you were not you would not have such an interest in VTB. All thats happening now is that you are against the people who have brought in already, they want stability and an up, and you want the price down. Its a fair game to play, hindsight is a wonderful thing, you will no doubt miss the bottom with this one as I am sure EVO will blast it up quickly when they want it up.

I'm from the old school, there was, once upon a time a method whereby the market makers if SHORT of stock would RAISE the price to encourage selling not LOWER the price to induce buying

so whats changed in these modern times ??

The markets are low (almost all equities are down) but it goes up it carries them up too. This will reach its 6p before xmas on this basis.

barnymam
No. I have no interest in buying VTB.

Trix77
I think that they still do raise prices to generate sellers. It depends on the market mood at the time.

xmortal
There is no guarantee that a rising marrket will lift VTB by any more than any other share. In fact it may lift it less. In other words it still matters which company you are invested in.

True but it was lifted before and i should be more reason to be lifted again since the company is in better position now. Investors recognised this eventually. The company is in good track now, companies are cutting down operating costs and this enhances the posibilities for VTB to make living out of that.

Too many unknowns now for VTB in the short/medium term. There has been some major share dilution and several acquisitions which are unproven yet. The market does not like uncertainty. There is no way to value this at present. This should remanin weak for a fewmonths to come.

Haystack, it all depends on the markets, should the price of oil go down, combined with the June 30th handover or Iraq going well, the whole market may get a big boost - you do not know - I do not know - does anyone know ? To difficult to call.

And, by saying too many uncertains with VTB, yes this has its downside, but also its upside, you are only looking negative, what happens if every one of those "uncertainties" is going great - wow what a boost - 6p again.

Just face it, you do not know, but are posting only the negatives - fine - thats your choice, but why battle day in day out on here and advfn, if you have no interest in the share - you really are strange. If you have no interest post it once, then go away for a month and post again, once.

barnyman
Why does it bother you if I post regularly on this stock?

It is the uncertainties that are keeping the price down. If the uncertainties are removed and the answers are good then the price may well rise. The current position is that there are too many unknowns and the price may well stay down or go lower.

Virtue Broadcasting PLC
14 June 2004


VIRTUE BROADCASTING PLC

14 JUNE 2004

NOTIFICATION OF MAJOR INTEREST IN SHARES

Virtue Broadcasting plc received notification today that, as a result of the
acquisition of 1,000,000 ordinary shares in the placing announced on 5 May 2004,
Mr S Campbell, and companies in which Mr Campbell has an interest, is interested
in 9,976,885 ordinary shares in the Company, representing 3.19 per cent of the
issued share capital.

ENDS

Who is this Campbell guy?

Could be Haystack in disguise - picking up good shares on the cheap...

As Haystack has already said he holds no position in VTB and has no interest in so doing, it's hardly likely to be him. It might be me, of course, always bargain-hunting, typical Scot :)

No chance. I have no VTB shares and never have had any.

Rumour on ADVFN is it's sol Campbell the premiership fotballer, also just seen this,



http://www.virtuebroadcasting.com/pdfs/BancoEspana_150604_PR.pdf

General concensus on ADVFN due to the amount of de-rampers something is brewing.

Just another conspiracy thoery. They thrive on ADVFN. Any reason except that the price is just going down.

I disagree

Another GEM from gordgeko on advfn,

Webcast for SCHERING, powered by Virtue Communications 5th of JUNE.

http://streamstudio.unit.net/frameset.asp?browser=IE&streamTech=wm&streamQuality=300&streamFormat=video&ticket=34$35$1672&bcStatus=ondemand

It looks like the heat is on the MM's now - they are trying to drop it to get sells out as they need the stock, and now people are buying more and more.

Do not sell, even if they drop the bid to 2.5 or 2.25, its now the time to BURN the MM's fingers and keep buying more and more.

The drop in the offer price is to cover for a drop in the bid price soon to 2.5p to shake the tree and get more out, do not panic and do not let them.

BUY BUY BUY - its not going to be this cheap for long.

Over at ADVFN - 2 people are trying 1M buys at 3p and no chance - the MM's are short of stock and someone is going to get the ass reamed !!!

Barnyman,
I'm hanging on to the stock I have and would buy more if I could.
What I don't understand and hopefully, you can help me out here,
is, if the MMs are short of stock and want more, why wouldn't they increase the bid price ? surely they would get more stock as people are more likely to sell if they can see a profit. ?

"the heat is on", oh yeah :-)

OK..nice chart ?! but what happens next 2.5p... 2p...1.75p ?.

I'm now down to where I got in last Oct...should've got out when it hit 6 - 6.5p to sell and taken 100% profit..:(

Check this out:

Haystack - 16 Jun'04 - 13:24 - 16615 of 16622


For a number of reasons that I won't go into, I think this might have bottomed out for the present. On balance I suspect a rise is more likely now. My calculations are now indicting a price higher than 2.5p now.


Can you believe it, Haystacks gone bullish

Not bullish by any means.

I am still not happy with the business model, but it may rise in the short term. I am commenting on the price and NOT the value.

The market prices mainly on sentiment and demand. It often has very little to do woth value. Companies often trade a even half their net assets value even when that is in pure cash.

not happy about what part?

I have already discussed that before and I am not about to repeat it all again.

I just think that a rise in price is more likely now.

do you not think the Foroso deal set them up to be the European Webex, and look how well webex are doing, stunning frofits and revenues

interesting find on the advfn website

gordgeko - 16 Jun'04 - 14:04 - 16650 of 16657 edit


CHECK THIS OUT:

VTB looked to have bagged a deal at the SWEDISH stock exchange, STOCKHOLMBORSEN:

STOCKHOLMBORSEN LIVE!!!

http://www.stockholmsborsen.se/live/index.asp

Whats that worth?

Is it VTB. The link tells you very little except that you need Windows Media Player installed.

yes. It is VTB

It is from www.kamera.com (part of VTB)

Get your buying hats on tomorrow for VTB - ready to go - watch the buying volume.

I hope you're right Barmyman.. can't see it this going up for a while yet.. what's the reason for the optimism ?

JohnNew2001 - 17 Jun'04 - 02:29 - 16744 of 16744


There are 2 scenario's here :

A/ MM's are long and are sitting on millions of shares.

B/ MM's are short.

A is very unlikely as I have been watching and reading and observing, if they were long on stock they would have been happy to drop to offer price way earlier to off load their millions. They would not have been dropping only the bid price and also we would not have seen their people on here deramping. They would have sent rampers to all the BB's on many different sites.

B now is highly likely owing to to the change of tune of the previous derampers (not all of them, they have to keep some in deramp mode to make the BB look viable), that large volumes cannot be purchased at these prices (nobody can buy 1M or above shares) and there has been no real sells even with the price going down.

The MM's will now try to change tactic - they will manage an increase in the price until they get to a level where they get the necessary sells - standard system - people are down, some have been averaging down and you only have to raise it just enough before some bail out. They will fail if people do not sell and also more buy in to VTB.

Why hold ?

The fundamentals are fine, there is still nearly 3M in the bank cash that can be used to purchase more business to further boost the bottom line, trading for Q1 was a record and H1 should also be the same.

Therefore VTB is a buy. Provided we do not get the people who have averaged down bailing out the shareholders can now take the MM's by the balls and manage the price up. The MM's have a limited window of opportunity to correct their short, they now know they cannot achieve by going down - they have to manage the up but could easily screw that up. This is why the new comments of a small rise (but hey - its still not a good stock) - these comments are designed to get people to believe the small rise is short term, better to take profits or come out even and sell to the MM's.

Enjoy the rise - buy more - do not sell - and wait for the trading update on the 1st Half Year - it should be a record too - provided you accumulate and wait you will get maximum returns.

If people do not like the way MM's are screwing small caps in this bear market, VTB does now offer an opportunity to screw them IMHO.

There is another possibility which is even more likely. The MMs may just have a neutral position on the stock. The MMs may not be doing anything strange at all. I have seen no evidence of it.

look at the last weeks trades on advfn, they have sold a 3million and got none back, how can that be neutral

There are long term trades that don't appear on trade reports for a several weeks. There are trades that do not appear at all plus you have to look at what was happening in the weeks before. One week in isolation is nothing.

There are suggesttions on ADVFN that the MMs are short by 3M shares. That only comes to less than 100,000. This is not a huge sum for MMs to carry long or short for a period. They may be accumulating stock for a client anyway.

These conspiracy theories are invented by people who do not like the price going down and nothing more.

RNS Number:0643A
Virtue Broadcasting PLC
23 June 2004


Immediate release 23 June 2004


Virtue Broadcasting plc

("Group")

RESULT OF ANNUAL GENERAL MEETING


At the Annual General meeting of the Group held today all resolutions were duly
passed.


-Ends-




For more information contact:

James Ormondroyd, Finance Director
Tel: +44 (0) 20 7785 6000
Email: investorrelations@virtuebroadcasting.com

Andrew Tan, Hansard Communications
020 7245 1100



This information is provided by RNS
The company news service from the London Stock Exchange
END

AGMQKNKNNBKDPAB


How exciting !!


Haystack,

Excellent posts.

gone to 16% up.... I saw 3 Market Makets transactions for 3.25.... any news coming ????

xmortal

Something significant must be happening, I'm searching for info but nothing found so far.

BTW I think you meant 3.75

That's what I saw.

Now UP 25%

Something stirs in the jungle - what's going on?

beaufort1

You tell me, I'm mystified!
& pleased!

25% now....WHATS GOING ON

PRICE TODAY TOUCHED FOR THE FIRST TIME IN MONTHS THE 60MA

short lived...back to 16%... a sale of 200000shares went tru

I suspect that they don't know why it went up & decided to take profits or regain money if they bought in higher.

I'm optimistic, I think we shall hear the good news soon & I'm in this for the long term.

It MUST be very good to prompt a 25% rise even if it has (temporarily) fallen back to 16% UP.

Apple,
What will the "good news" be ?

only up 0.12 now....have i missed something....have just come in from work

Well surprise surprise.. it's gone back down again !. what was all the fuss about ?

seems to be on the way up again.....now up 0.25...seems to be plenty of buying...well wait and see

skyhigh,

If you read my previous messages today, then you wouldn't bother asking me.

As I said, I'm mystified!

250,000 shares @ 6.25p reported as a Late Trade at 14:46

Now that's what I call a LATE trade!

The combination of 750 K T trade, several 200 / 250 K trades, = something brewing here. Possibly an RNS out on Monday with details of an individual with a significant stake. Interesting if there is somebody accummulating stock whilst the SP is bouncing along the bottom and the company is still in close period. If that is still the case then VTB is a sitting duck.

Moved up nicely again so far today UP 7.6%

Interesting article.

See last paragraph.

http://www.computerweekly.com/Article128435.htm

An up 15% again.... I hate this rolercoaster rides...

Yes it's up to 3.75p now.

Well xmortal, I'm pleased.

May the rollercoaster long continue.

If it wasn't a rollercoaster then we would have continued on down.

Now 19.2% UP

Hold on, now 23% UP

yippy,, i get dizzy that's all. love it !!! lets go to 100% and more!!

I always wondered which would turn first CYH or VTB..

Having sold out at 4.75 (6p would have been better) I've managed to get the stock back plus some..

Roll on the news now!!!

I wait for news tomorrow!

Some press mention for you guys : Will appear in tomorrow's Independent Newspaper;

Virtue Broadcasting, which advises on internet-based public relations, is working on a "bold strategic move", gossips say. Its shares were 0.75p better at 4p.

http://news.independent.co.uk/business/analysis_and_features/story.jsp?story=538480

Expect news to come flowing through in the coming months, up and on to 10p at the end of the year, and we all know why 10p don't we, refer to older RNS's

Thanks SueHelen.

Nice to see yesterday's gains holding.

There was a dip but back up again now.

Well that little rally was short-lived wasn't it ?!
What happens now ?

skyhigh

We are still well up on where we were last week.

Hopefully just a partial retracement of such a big move.

The traders have been shaken out, the MMs have pulled back some stock that is what I see. During the whole day the spread between bid/offer was very tight usually an indication that the MMs are trying to attract sellers then they drop the selling price to 3p once they've accumulated the stock they require. That is what it looks like to me, however, situations change from day to day so we just have to see. I'll be holding tight until the results unless something dramatic occurs before then.

I do not post very often but a rumour has reached me that a mega deal is being done by the company that is due to be announced within weeks.

Anyone know anything?

BIZPACK

You should read the previous messages.

There was a mention in the Independent.

Here is the link again

Independent

what would the deal be? any specs?

VTB -
Interview with CEO...

http://www.wallstreetreporter.com/profiles/Virtue-Communications.html

Clickable Version Of the link

http://www.wallstreetreporter.com/profiles/Virtue-Communications.html

BTW
Can anyone get this to play?

What did he say?

Nothing new i'm afraid other than VTB need to expand thier product portfolio in order to take full advantage of thier large blue chip client base.

Rumours flying all over the place on this. I will be buying in the morning.

The rumour that made me want to add, suggests that a big deal has been done that will more than double the size of the company. Wed, is the day I am told.

Good luck

Hope you're right and the share price more than doubles as well !

I am concerned that there has not been more buying on this rumour as it must be flying around the city by now. I hope it is correct.

The rumour I picked up on was that a bid was being made for Virtue by a company in Oz.

Anyone know anything, if not I may just cut and run if no news by tomorrow.

I got rid of this dead dog today. Rumours were a ramp by the looks of it.

Looks as though you're right but.... there was a bit in the press a few weeks ago about a rumour,, wouldn't surprise me if this takes us all by surprise & comes good in the next week or two, I might top up again if it drops to 3p-ish in the short term. -- wouldn't want to be out of this one whe she rockets skyhigh !

Virtue Broadcasting PLC
22 July 2004


Embargoed Release: 07:00hrs Thursday 22nd July 2004


Virtue Broadcasting Plc
('the Company')

Agreement


Virtue Broadcasting Plc is pleased to announce that it has reached an agreement
to surrender the property lease of its former head office, Tornado House,
Marlow, which is currently unoccupied. Under the agreement the Company has made
a net cash saving of 805,000 compared to its obligations under the lease over
the next two and a half years.

The Company has agreed to pay Comland Management Limited ('the Landlord') a
surrender premium of 495,000 net of VAT in addition to related expenses and
reinstatement costs of 110,000. As part of the settlement the Company will
utilise a 318,000 secured rent deposit held in favour of the Landlord
previously fully written off in the Company's 2002 accounts. Therefore, the net
additional cash payment will be 287,000.

In consideration of the surrender premium the Company will avoid paying
approximately 1.4 million of rent, service charge, lease termination payments,
reinstatement costs and running costs over the next two and a half years.

The Company made full provision for the expected costs arising under the lease
in its 2002 accounts.

- ENDS -


For more information contact:

James Ormondroyd, Finance Director
Tel: +44 (0) 20 7785 6000
Email:
investorrelations@virtuebroadcasting.com

Yep barnymam, but why revive the other 2 threads as well?

Anyway the main point is

Under the agreement the Company has made
a net cash saving of 805,000 compared to its obligations under the lease over
the next two and a half years.

Which is useful when the market cap is only about 11.5Million.

UP 10.3%

Was up about 20% at one stage.

Not brilliant but I suppose not bad iether considering the stock market falls :)

apple don't you mean 11.5million

Oops!

Yep Mega Bucks, I did.

Current market cap is 11.7Million ie. 312,755,015 shares in issue x 3.75p bid price.

Up 9.6% so far today, hope it lasts especially with the current state of the market.

Company to announce acquisition of World TV on Monday according to posters on ADVF N today.

Also reported in press articles as well!!

Volume has been building of late, i wonder why that is :-)

SW

VTB/World TV article in observer....

http://observer.guardian.co.uk/business/story/0,6903,1268342,00.html

Bored with Big Brother, soaps, pornography or obscure sports? There is an alternative - televised annual general meetings.
Two British communications companies with many blue-chip firms as their clients will announce a merger tomorrow. Virtue Broadcasting will acquire World TV (valued at 18.1 million) in a reverse takeover.

World produces internal TV content for clients, while Virtue specialises in internet broadcasting technology. They hope to integrate their technology and client bases and expand their corporate business - in particular, by broadcasting AGMs.

Neither began in the corporate sector. In 1991, World was set up to provide internal content for non-governmental organisations such as Greenpeace. It now works for clients including BP, Nestland Reuters, as well as the Foreign Office, producing English-language content for expatriates in Iraq.

Virtue first attracted attention developing web services for pop sensations the Cheeky Girls. Their client list is now slightly more respectable - it includes Microsoft, British American Tobacco and UBS.

Virtue's finance director James Ormondroyd said he anticipated 'great commercial and technological synergies', and predicted continued expansion across Europe.

http://observer.guardian.co.uk/business/story/0,6903,1268342,00.html

up we go!

what does a reverse takeover means and how is this gonna affect VTB share price? up or down? Ta

RTO is basically when a smaller co. buys a bigger co.

a quick and easy way for the bigger co. to get listed on the stock market...

and the price for VTB? will it go up or down on thie RTO? thanks.

more likely up....but maybe a suspension first?

10p or more for the price now, thats for sure !!

Up, Up and away...and here is the news :

Virtue Broadcasting PLC
23 July 2004

For immediate release


Virtue Broadcasting Plc
('Virtue' or the 'Company')

Merger with
World Television Group Limited
('World')

Virtue Broadcasting Plc is pleased to announce that the Company has
conditionally agreed to the merger of Virtue with World Television Group Ltd ('
World'). World is an international corporate television, news production and
event management company that offers a broad range of corporate communication
services through traditional broadcast media, business television networks and
IP networks.

Merger Highlights:

The merger will be effected by the acquisition by Virtue of the entire
share capital of World for a total consideration of 18.1 million.

The consideration will be satisfied by cash of 1.0 million and the
issue of 440,800,265 new ordinary shares, which represents 58.2 per cent. of the
share capital of the Company as enlarged by the merger.

World achieved a profit before tax of 886,000 on turnover of 3.7
million in the six months ended 31 December 2003.

As the merger is classed as a 'reverse takeover' under the AIM Rules
it is conditional upon approval by the Company's shareholders at an EGM which
has been convened for 18 August 2004.

As at the date of this announcement, Virtue has received irrevocable
commitments to vote in favour of the merger in respect of 61,989,451 ordinary
shares representing 19.9 per cent. of the existing issued share capital of
Virtue.

Rationale and Benefits of the Merger:

Highly Complementary Services:

Historically, Virtue has outsourced the services offered by World when
implementing its corporate communication solutions for its clients. As an
enlarged entity the Group will be able to capture the entire customer revenues
associated with corporate communications contracts.

Significant Strategic, Commercial and Financial Synergies:

Beyond the capture of enlarged customer revenues it is firmly
believed that the value of both companies can be significantly enhanced through
cross-selling, improved margins, cost savings and broader customer contact
leading to more robust long term revenues.

Market Differentiation:

The enlarged Group will differentiate itself by providing its
customers with fully integrated solutions which comprise of a broad set of
corporate communications services that are highly attractive and have
significant longevity. This will be underpinned by an organisation which has
scale, global reach and a clear focus on technical excellence.

Full Product Array:

The enlarged Group's products will include content creation, content
management, webcasting, webconferencing and content distribution services which
will be delivered to a wide customer base of major corporate, government and
international organisations.

Efficient Integration and Profitability:

Virtue has the capacity and experience to successfully integrate the
IP network service offering of World thus eliminating duplicated costs further
enhancing shareholder value.

World has numerous long-term customer relationships and contracts,
significant profitability, and high quality management who have long and
reputable careers in this part of the industry. They will complement the current
management team extremely well, and add significant gravitas to the overall
business.

Mike Neville, Chairman of Virtue, commented:

'Over the past 18 months we have successfully grown Virtue into one a leading IP
based corporate communications company working with many blue chip companies
including British American Tobacco, Microsoft, UBS, BBVA and Reuters. Through
acquisition we have built a truly global IP communications solution that has
been warmly received by our existing client base.

The merger with World will enable us fully to exploit both our technical
expertise and global reach as well as providing us with the capability to
deliver a vertically integrated and complete IP based corporate communications
package. I firmly believe that our combined offering will be highly attractive
to both current and potential clients and that we will be able to capture
enhanced value through the numerous cross-selling opportunities that will be
afforded to us through both our own, and World's, ongoing mature commercial
relationships. World brings with it a truly impressive client base including BP,
Nestle, Reuters and Sony and I look forward to the coming months with increased
excitement.'

This summary should be read in conjunction with the full text of the following
announcement.

For further enquiries, please contact:

Virtue Broadcasting Plc

www.virtuebroadcasting.com

Mike Neville, Chairman +44 (0) 20 7785 6000
James Ormondroyd, Finance Director +44 (0) 20 7785 6000

World Television Group Limited

www.world-television.com

Jon King, Chief Operating Officer +44 (0) 20 7388 8555

Hansard Communications
Andy Tan +44 (0) 20 7245 1100


For immediate release


Virtue Broadcasting Plc
('Virtue' or the 'Company')

Merger with
World Television Group Limited
('World')

Earlier today, the Virtue board conditionally agreed to the merger of Virtue and
World (the 'Merger') to be effected by the acquisition by Virtue of the entire
share capital of World for a total consideration of 18.1 million.

World is an international corporate television, news production and event
management company. It offers a broad range of corporate communication services
through traditional broadcast media, live events, IP ('Internet Protocol')
networks and business television networks. It achieved a profit before tax of
886,000 on turnover of 3.7 million in the six months ended 31 December 2003.
The consideration will be satisfied by cash of 1.0 million and the issue of
440,800,265 New Ordinary Shares representing 58.52 per cent of the share capital
as enlarged by the Merger.

As the Merger is classed as a 'reverse takeover' under the AIM Rules, it is
conditional upon approval by the Company's shareholders at an extraordinary
general meeting of Virtue shareholders. In addition, for the Merger to proceed,
approval by Virtue shareholders is required for the waiver of Rule 9 of the
Takeover Code granted by the Takeover Panel. Your Board is also seeking approval
to appoint additional directors, conditionally upon and simultaneously with
completion of the Merger, to effect a capital reorganisation, and a share option
reorganisation, to increase the authorised share capital of the Company, to
grant authority to allot the consideration shares and for the dis-application of
statutory pre-emption rights on new share issues.

An EGM has been convened for these purposes to be held at the offices of Taylor
Wessing at Carmelite, 50 Victoria Embankment, London EC4Y 0DX at 10.00 a.m. on
18 August 2004.

Background to the Merger

In June 2003 the Board of Virtue made a strategic decision to concentrate the
Virtue group's resources to address the corporate communications market, in
which it has a blue chip customer base including PeopleSoft Inc, British
American Tobacco PLC and EMI Group PLC. The Virtue group's UK Media Services
Division was divested in June 2003, leaving the Group as a provider of IP based
corporate communications. Since that time, the Virtue group has enhanced its
service offering in Europe by acquiring the business of Unit.Net A.G. (with
offices in Switzerland, Germany, Spain and the UK) ('Unit.Net') in July 2003,
Kamera Holdings AB (Sweden) ('Kamera') in January 2004 and Foroso Communications
GmbH (Germany) in May 2004 as well as smaller acquisitions in Australia.

The Virtue board has consolidated these companies into one discrete, cost
efficient unit, which provides a scalable platform to deliver IP based services
to the Group's customers. The Board believes that the market is moving towards a
single, converged IP based voice-video-data network and is positioning the Group
to address this market.

The Virtue board believes that there are synergies and cross-selling
opportunities to be captured by vertical integration to provide a wider range of
services needed to fulfil government and corporate webcasting and
webconferencing needs. By augmenting its products and services with those
provided by World, the Company will be able to supply a multimedia
communications package to a European and Asia-Pacific customer base.

Virtue has, in addition, strengthened its balance sheet by the placing of 3.1
million (before expenses) of new shares in May 2004.

Strategic Rationale for the Merger

The Virtue business has experienced a significant turnaround over the last 12
months. The Virtue directors believe that the pace of consolidation within the
sector is quickening. As a result, the Virtue directors believe that those
organisations with scale, differentiation and geographical reach, who already
have a broad existing customer base, are well placed to take advantage of the
growth in integrated, value added services to corporate customers on a global
basis. The Virtue directors anticipate that as a result of the Merger, the
enlarged group will provide a wider range of corporate communications packages.

Virtue has managed to reduce its cost base, grow organically as well as by
acquisition, and position itself to become one of the leaders in corporate
webcasting across Europe. Virtue has also made an initial foray into
web-conferencing with the purchase of Foroso, which was announced in May.

In order to develop the business further, the Virtue directors have identified a
distinct need to develop an expanded business in the group's core area of
corporate communications, which depends upon a significant amount of managed
services, and where usually the average revenue per customer or event is
substantially higher compared with webcasting as a consequence. For these
reasons it is believed that the customer spend can be increased through
cross-selling activities within the enlarged group. At present, in many cases,
Virtue's provision of webcasting, whilst an integral part of a 'whole event' for
a customer, is a small element of the overall service value. To date, Virtue or
its customers have outsourced much of the production and content creation
elements of the overall service to audio-visual companies on a sub-contract
basis.

The Merger with World is intended to create an entity that can deliver an array
of corporate communications services including content creation, content
management, webcasting and webconferencing and content distribution for major
corporate and governmental customers worldwide.

A world wide increase in the volume of communications distributed across IP
networks is expected to produce major growth over the coming years. World is
currently a profitable business recording profit before tax of 886,000 in the
six months to 31 December 2003. Virtue has recently strengthened its balance
sheet with the placing of 3.1 million (before expenses) of new shares in the
Company. The Directors believe that, when combined with World, which has a
complementary customer base of major corporate customers, the Enlarged Group
will be well positioned to take advantage of this growth opportunity in the
markets in which it operates.

The enlarged group will have a combined offering of depth and competencies,
together with a broad customer base across Europe and Asia Pacific, delivered
from offices in six countries.

Information on World

World is an international visual communications and news production company with
digital media distribution at the heart of its business. World's services
include consultancy, broadcast production, media relations, business television,
satellite media tours, webcasting and digital media distribution over IP
networks and content programming. Its aim has been to become the first choice
among corporations, governments and international organisations for integrated
internal and external communications. Further details of its operations are set
out below.

History of World

World was founded in 1991 by Andrew Booth and Peter Sibley to provide a range of
production services to international organisations such as Greenpeace and
Amnesty International to communicate their issues, activities and events to a
global audience.

In 1999, World launched Reuters World Alert, a global news service, enabling
organisations in the NGO (non-governmental organisation) sector to distribute
their news stories to broadcasters over the Reuters World News Service.

In 2000, World won a major long term contract, British Satellite News (BSN),
with the UK Government's Foreign and Commonwealth Office to provide a daily
television news service promoting Britain and British government policy
delivered via satellite to global broadcasters for use in their news
programming.

World established a business television unit in 2001 to expand its range of
services. This unit currently works with many of the world's leading businesses,
including BP plc, Nestle, Reed Elsevier plc, Reuters Group plc and Sony.

To provide a platform to support World's content delivery over IP networks, UCTX
Limited ('UCTX') was acquired in 2002. UCTX was a provider of webcast services
to the investor relations community which provided opportunities for further
growth. Streaming live, interactive or on demand content to screens and personal
computers now underpins World's business television, news and investor relations
content production. The platform has been integrated into World's business and
enables World to provide a range of services which support internal and external
communications.

The World directors believe that the Company's ability to produce and distribute
content with high quality customer service has been a key driver behind winning
clients like the World Economic Forum, MTV Europe and Nestle.

Jon King was appointed as Chief Operating Officer for the global business in
2002.

World won a variation to the BSN contract to produce strategic news service for
Iraq (called 'Towards Freedom') following the cessation of major conflict in
that country in April 2003.

Recent developments include sponsored programming in which companies and
organisations can sponsor and pay for the production and placement of
programming. World buys airtime from CNBC Europe to develop sponsored
programming initiatives and has recently signed a contract with the United
Nations Development Programme to create and produce a sponsored series of
programmes.

World's Operations

World is based in London from where it provides a range of news and corporate
services for internal or external distribution for clients. These services
include:

Business television and corporate productions

World provides business television services which allow companies to communicate
with various groups, such as employees, shareholders or customers.

Distribution

Delivering content over the Reuters News Service to broadcasters around the
world.

Streaming/webcasting

With webcasting, financial, corporate or press events can be delivered to
audiences geographically spread throughout the world which is bundled into
software included in standard personal computers. On line programmes can be
live, on demand or interactive, with integration into other business oriented
intranet applications.

Programming

Growth in demand across the world for sponsored or paid-for programming provides
opportunities to positively influence audiences of scale. World is able to
provide sponsored or paid for facilities to clients, enabling it to purchase
airtime from broadcasters for company profiles or to publicise issues of wider
interest to the business community.

Consultancy

Providing strategic planning or creative solutions, effectively reaching target
audiences or meeting business objectives.

Production

Various production models can be provided, such as:

- a 'B-roll' package , which is a compilation of interviews and
video footage edited for use by broadcasters (with a video news
release, narration is added); or
- a satellite media tour, where a spokesperson can be interviewed
live via satellite by selected broadcasters.

Media relations

Placing stories with news editors and correspondents around the world and
reporting on results.

Archive

Under the trading name World Images, World provides NGO footage, managing
archives and supporting clients' use of their content.

Live events

Conferences, product launches, press briefings and roadshows.

The Market

The UK market for corporate video and business television was worth 490 million
in 2003, according to IVCA (Source: International Visual Communications
Association (IVCA) Business Media Handbook 2004).

Whereas many sectors were weak in 2003, there is an expectation of growth of 5
per cent. in 2004 with additional growth resulting where producers can maximize
the potential of streaming technologies, which have proven their effectiveness
and have an ever-growing penetration.

On the basis of the IVCA's figures, World's UK market share in 2003 was
approximately 1 per cent. The UK market is characterised by considerable variety
in size among suppliers. There are several large companies and a vast range of
small to medium-sized companies.

The market in advanced integrated communications is experiencing growth, which
the World directors expect to continue over the coming years.

World's production proposition is based on integrated content creation and
distribution of this content over corporate IP networks, deregulated broadcast
programming outlets and the internet. The Proposed Directors believe that a
vertically integrated business will enable the creation of significant potential
value for shareholders.

These opportunities include new forms of live, interactive and on-demand
business communications and global news services for governments, international
organisations and businesses. World is creating a business delivering content
creation, content management and distribution services which its directors
anticipate will create new revenues and shareholder value in the future.

Financial Information on World

The trading record of World for the three years ended 30 June 2003 and the six
month period ended 31 December 2003 is summarised below, and has been extracted
from the Report and Accounts of World which are included as Appendices to this
document.


6 months Year ended Year ended Year ended
ended 31/12/03 30/06/03 30/06/02 30/06/01
'000 '000 '000 '000

Turnover 3,660 4,896 4,895 3,054

Gross Profit
- continuing operations 2,339 3,386 3,072 1,660

Operating profit/(loss)
- continuing operations 881 541 131 (1,190)

Profit/(loss) on ordinary
activities before tax 886 538 118 (1,209)

In the three and half years to 31 December 2003, World exhibited a growth in
turnover, and a corresponding increase in profit. The overall level of overheads
has not varied significantly over the period and, as a result, considerable
increases in profits have been achieved.

A significant amount of earnings has been accounted for by a small number of
clients, particularly with the UK Government's Foreign and Commonwealth Office
in each of 2001, 2002 and 2003.

Information on Virtue

Virtue is a corporate IP communications solutions provider in Europe and Asia
Pacific enabling corporations to communicate both internally and externally, to
support their business goals cost effectively. Virtue provides organisations
with the technology infrastructure, software solutions and services which enable
them to create and deliver communications which complement their global
communications strategies. It is headquartered in London, and has offices in
Zurich, Frankfurt, Munich, Stockholm, Madrid and Sydney, and serves several
hundred corporations.

Principal terms of the Merger

Earlier today, the Company and the majority shareholders in World (the
'Principal Vendors') entered into a sale and purchase agreement pursuant to
which Virtue has agreed to acquire, and the Principal Vendors have agreed to
sell, approximately 99.2 per cent. of the issued ordinary share capital of
World.

Completion of the Merger is conditional upon, inter alia, the acquisition,
simultaneously with the acquisition of the Principal Vendors', shares, by Virtue
of all the shares in World not held by the Principal Vendors pursuant to
separate, short-form sale and purchase agreements. In the event that any
minority shareholder declines to enter into such an agreement, Virtue will be
entitled to acquire the shares in World held by such holder pursuant to '
drag-along' provisions contained in World's articles of association.

The consideration to be paid by Virtue pursuant to the Merger values World at
18.1 million. The consideration comprises the issue of 440,800,265 new ordinary
shares and 1.0 million in cash payable within 15 business days of completion.

The sale and purchase agreement is conditional, inter alia, upon:

(a) admission of the consideration shares to AIM; and

(b) the passing by Virtue shareholders of the resolutions to approve:

(i) the Merger;
(ii) the Rule 9 waiver by the Takeover Panel;
(iii) authorisation for the Directors to allot shares;
(iv) the dis-application of pre-emption rights; and
(v) the appointment of the Proposed Directors to the Board

Under the terms of the sale and purchase agreement, certain of the Principal
Vendors have given warranties to the Company and a tax deed of covenant, and the
Company has given limited warranties to certain of the Vendors.

The consideration shares will, upon completion, rank pari passu with the new
ordinary shares held by existing Virtue shareholders.

Current Trading

Virtue

The Board anticipates that Virtue will show further improvements in performance
for both existing and acquired businesses in 2004 compared with 2003. This is
evidenced by the Group winning business from 40 new clients in the first quarter
of 2004 including Carl Zeiss and Alliance & Leicester. In particular the Board
expects that the acquired Unit.Net business will contribute further to revenue
performance following its recovery from liquidation and that operating synergies
with Kamera, acquired in January 2004, will be achieved.

The integration of Kamera has now been completed and this business is performing
to expectation. The integration has delivered cost savings within the Kamera
organisation, and has enabled it to win new business including a contract with
Vodafone Sverige AB for the provision of mobile content services worth 300,000
over a one year initial period.

Central costs are expected to increase to enable the Board to manage better its
European operations and to assist in the implementation of the Group's policy of
expansion.

World

Trading at World continues to be strong following the completion of the 'Towards
Freedom' contract in February 2004 and visibility going forward of confirmed
business is encouraging. The performance of the new areas of operations,
specifically programming and events, are demonstrating that they can deliver
revenues and further broaden the Enlarged Group's customer base.

Prospects for the Enlarged Group

By combining Virtue's and World's product service offerings and exploiting their
combined customer base, the Enlarged Group will become a provider of integrated
communication solutions and related services. Revenues per customer should be
enhanced through taking advantage of the cross-selling opportunities that will
be created by the merger.

Board Changes

Following completion, the Virtue board will comprise of Mike Neville as
non-executive Chairman, James Ormondroyd as Finance Director, Klaus Ackerstaff
as Chief Technical Officer and Giles English as non-executive director.

In addition Jon King, Andrew Booth and Peter Sibley will be appointed to the
Board as executive directors along with Anthony Bartlett as a non-executive
director.

The Board

Details of the Board following completion are set out below:

Michael Neville (aged 50) Chairman

Michael joined the Board as non-executive Chairman in June 2003, following over
15 years' experience in the telecoms sector. He has held senior management roles
at Cable & Wireless, and at Norweb Telecom where he was a main board director.
He is also a non executive director of a number of private companies, where he
specialises in corporate strategy, mergers and acquisitions. He has been
instrumental in re-focusing the Group's strategy since the disposal of Virtue
Media Services Limited in June 2003.

Jon King (aged 49) Chief Executive

Jon joined World as chief operating officer in mid-2002 and has successfully
implemented its business strategy, delivering growth and profits. He was
previously head of European business for John Ryan International's content
creation and delivery division, Screenred. Jon's previous roles include:
managing director of Convergent Technology Limited; main board director of
MarCom Group PLC, delivering streamed content to screens over IP networks and
the internet for major corporates; and director of group business development
for WPP's Clever Media Group.

James Ormondroyd (aged 32) Finance Director

James joined Virtue Broadcasting Limited in February 2000, and was appointed
Finance Director of the Company in November 2002 following the merger between
Tornado Group plc and Virtue Broadcasting Limited. He is a chartered accountant,
having qualified with PricewaterhouseCoopers in London in 1996. James was a
manager with PricewaterhouseCoopers until 2000, with responsibilities for many
FTSE listed companies and has a wide experience including financial planning,
listing, acquisition and disposal of both UK and US groups.

Klaus Ackerstaff (aged 38) Chief Technical Officer

Klaus joined the Group as CEO in July 2003 when Unit.Net was acquired. He joined
Unit.Net in 1999 as Chief Technology Officer of Unit.Net, where he led the
design and implementation of the existing delivery platform. He was appointed
Unit.Net's Chief Operating Officer in 2001 and managed its expansion across the
European market, before he was appointed CEO in 2002. Klaus began his
professional career in 1996 at CERN (Organisation Europeene pour la Recherche
Nucleaire) in Geneva, where he was responsible for the IT infrastructure of the
OPAL (particle physics) project, following the award of a Doctorate degree in
Physics from the University of Hamburg.

Andrew Booth (aged 43) Executive Director

Andrew is an executive director of World and co-founded the company in 1991. He
has worked in broadcast and new media communications and campaigns for 20 years.
He was a main board director of Greenpeace International, where he was
responsible for communications and campaigns world-wide, and has served as a
senior communications consultant to the United Nations. He is based in New
Zealand and is responsible for business development in the Asia Pacific region
and corporate strategy as a member of the World board.

Peter Sibley (aged 41) Executive Director

Peter is an executive director of World and co-founded the company in 1991.He
has had 20 years' experience in the broadcast, corporate communicationsand new
media sectors. Peter has also worked for Reuters, Greenpeace International and
Ogilvy and Mather. He is responsible for new business development in Europe and
corporate strategy as a member of the World board.

Giles English (aged 30) Non Executive Director

Giles originally co-founded the Virtue business in 1998 following a period
working in corporate finance with Williams de Broe. Having been the Sales and
Marketing Director of Virtue, he was appointed non executive director following
the disposal of Virtue Media Services Limited in June 2003.

Anthony Bartlett (aged 53) Non Executive Director

Anthony is a Chartered Accountant and is currently a corporate finance director
at Arden Partners Limited. He was previously a partner at Coopers & Lybrand (now
PricewaterhouseCoopers) and then a director at Beeson Gregory Group Plc.

Working Capital

The directors and proposed directors of Virtue are of the opinion that, having
made due and careful enquiry, the working capital available to the Virtue group
following Completion will be sufficient for its present requirements, that is
for at least twelve months from Admission.

The City Code

Under Rule 9 of the City Code, any person who acquires shares, which, when taken
together with shares already held by him or shares held or acquired by persons
acting in concert with him, carry 30 per cent. or more of the voting rights of a
company which is subject to the City Code, is normally required to make a
general offer to all the remaining shareholders to acquire their shares in the
capital of the company.

Rule 9 of the City Code also provides that where any person or group of persons
acting in concert already holds shares carrying not less than 30 per cent. and
not more than 50 per cent. of the voting rights of a company which is subject to
the City Code, a general offer will normally be required if any further shares
in the company are acquired.

An offer under Rule 9 must be in cash and at the highest price paid within the
preceding 12 months for any shares in the company by the person required to make
the offer or any person acting in concert with him.

The members of the Concert Party are deemed to be acting in concert for the
purpose of the City Code. On completion of the proposals, the members of the
Concert Party will between them own 440,221,306 shares representing
approximately 58.44 per cent. of the Company's enlarged issued voting share
capital.

In addition, the Panel regards Mr Sibley and Mr Booth who together founded the
World business in 1991, as being a sub concert party which will, on completion
of the Proposals, own 231,868,979 shares representing approximately 30.78 per
cent. of the Company's enlarged issued voting share capital.

Furthermore Mr Newman, Archdream Limited, Arvon Limited, Mr Bartlett, Mr Walker,
Mr Ozturk, Mr Wharmby and Treve Investment Management Service Limited, who have
all acquired shares in World since 2000, are regarded as another sub concert
party and on completion of the Proposals will own 208,352,327 shares
representing approximately 27.66 per cent. of the Company's enlarged issued
voting share capital.

The Panel has agreed, however, to waive the obligation to make a general offer
that would otherwise arise as a result of the proposals, subject to the approval
of independent shareholders.

Accordingly, an ordinary resolution will be proposed at the EGM and will be
taken on a poll. No member of the concert party is a Virtue shareholder nor
entitled to vote on such resolution.

Following completion of the proposals, the members of the concert party will
between them hold more than 50 per cent. of the Company's voting share capital
and (for so long as they continue to be treated as acting in concert) may,
subject as mentioned below, accordingly increase their aggregate share holding
without any further obligation under Rule 9 to make a general offer.

Notwithstanding the waiver, the members of the concert party will not be able,
without incurring an obligation under Rule 9 to make a general offer to
shareholders, to increase their holdings in the Company if: a) to do so, any
individual member of the concert party, or either sub concert party in
aggregate, would come to hold 30 per cent. or more of the voting rights of the
Company; or b) at the relevant time, the individual member of the concert party,
or the relevant sub concert party in aggregate, holds not less than 30 per cent.
but not more than 50 per cent. of the voting rights of the Company.

In addition, for so long as the founders' sub concert party holding remains
between 30 and 50 per cent. of the issued share capital of the Company, no
member of the founders' sub concert party will, as a result, be entitled to
purchase further shares without triggering any obligation under Rule 9 of the
City Code to make a general offer to the other shareholders of the Company.

In addition, no individual member of the investors' sub concert party can
acquire additional shares which, when taken together with shares already held by
him and other shares held by other members of the investors' sub concert party,
would result in the investors' sub concert party holding shares carrying 30 per
cent. or more of the voting rights of the Company.

Capital Reorganisation

It is proposed that the Company will undertake a capital reorganisation
effectively converting each existing ordinary share of 0.1p into a new ordinary
share of 2.5p. This will be effected by means of a bonus issue to all
Shareholders on the register at the Record Date of 24 new Ordinary Shares for
every 1 existing Ordinary Share held. Immediately thereafter every 25 Ordinary
Shares will be consolidated into 1 new ordinary share of 2.5p (a 'New Ordinary
Share').

The effect of this is to leave the number of ordinary shares held by
shareholders exactly the same as before the reorganisation, whilst increasing
the nominal value of each share to 2.5p from 0.1p.

It is proposed that the authorised share capital is increased, inter alia to
permit the issue of the Consideration Shares.

Arrangements with Directors

Following completion, it is proposed that the following options are granted over
New Ordinary Shares ('the Bonus Options') to key Virtue directors:

Mike Neville - 3,250,000

James Ormondroyd - 3,250,000

Klaus Ackerstaff - 3,250,000

It is proposed that these bonus options are granted immediately prior to
completion. These bonus options will have an exercise price of 0.1p per share
which will be payable by each recipient. These bonus options are normally
exercisable at any time 6 months following completion and the Directors will be
subject to a Lock-in arrangement until 12 months following completion.

These options have been granted for two reasons. First, to compensate the
directors concerned for reducing their notice period under their service
contracts from twelve months to six months in order to bring them into line with
the notice period under the proposed directors' service contracts, and secondly,
to incentivise these directors, post Admission, to integrate the Virtue and
World businesses successfully.

As the grant of these options is contingent upon the successful completion of
the Merger, it constitutes a related party transaction under the AIM Rules.

The independent director, Giles English, having consulted with Brewin Dolphin
Securities, as nominated adviser, considers that the terms of these transactions
are fair and reasonable insofar as Shareholders are concerned.

The Virtue board has recognised for some time that the Company needs to grow
both by acquisition as well as organically in order to develop, particularly in
a consolidating industry. The Company has undergone considerable change since
July 2003; and the board has been focussed upon raising finance for the Company,
acquiring, and then integrating, suitable companies to increase the scale of the
Company and increasing profitable business activity. A bonus scheme was put into
place at the start of this financial year to incentivise the executive Directors
to achieve these goals. It has been agreed as part of the negotiations
surrounding the Merger that these arrangements will be terminated and that
future incentive arrangements will be reviewed by the enlarged group's
remuneration committee post Admission. The Company's existing remuneration
committee has therefore reviewed the achievements for the period from the start
of the financial year through to 30 June 2004, and payments will be made, based
upon the scheme's criteria, to the executive Directors on a pro rata basis.

Options

At present there are options outstanding over 11,625,000 World shares to
employees. These represent around 8.6 per cent of World's issued share capital.
It is proposed that these options are replaced by options over Virtue shares
following admission. It is proposed that these options will, in aggregate,
amount to 25.1 million new Virtue shares, and will be exercisable at a price of
0.6p. Of these options, half will vest immediately upon Completion, and the
balance will vest 12 months following completion.

Availability of the Admission Document

Copies of the Admission Document will be available to the public free of charge
from the registered office of Virtue during normal business hours on any week
day (Saturday and public holidays excepted), from the date of their document
until the date of Admission.


Expected Timetable of Principal Events 2004
Latest time and date for receipt of completed Forms of Proxy for the EGM 10am on 16 August
EGM 10am on 18 August
Capital Reorganisation effective 18 August
Record Date 18 August
Completion of the Merger 19 August
Admission to trading on AIM of the Consideration Shares and re-admission to trading 19 August
on AIM of the Ordinary Shares
New share certificates issued 26 August

For further enquiries, please contact:

Virtue Broadcasting Plc

www.virtuebroadcasting.com

Mike Neville, Chairman +44 (0) 20 7785 6000
James Ormondroyd, Finance Director +44 (0) 20 7785 6000

World Television Group Limited

www.world-television.com

Jon King, Chief Operating Officer +44 (0) 20 7388 8555

Hansard Communications
Andy Tan +44 (0) 20 7245 1100


This information is provided by RNS
The company news service from the London Stock Exchange

looks good.

volume up and positive moves from mm's.

should breakout this week.

Unlikely. The share price of companies making takeover bids usually go down due to the uncertainty of the result and the work involved in joining up the two companies. This takeover is even more uncertain as they are taking over a company bigger than they are by issuing more shares than they currently have in issue. That is not to say that it is not a good deal and may rise gradually.

lots of MM's activity though,

Up, down, up down, up!

It looks like we might end the day up yet again.

About 5.8% Up

CAPITAL REORGANISATION - The company is proposing to effect a capital reorganisation.

The effect of this is to leave the number of ordinary shares held by shareholders exactly the same as before the reorganisation, whilst
increasing the nominal value of the shares from 0.1p to 2.5p.

This is the nominal value, not the current share price.

Action Date: 18/08/2004

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

Anyone know what the point of this is?????????????

There wasn't much trading today but the buyers came back at the end of the day.

Interesting article.

http://news.independent.co.uk/business/analysis_and_features/story.jsp?story=546697

Found this on the ADVFN site

VTB sign FIAT

http://streamstudio.unit.net/qengine.asp?ticket=257$258$1826〈=en&locale=default

Thanks gemfinder

Something may be happening, not high volume but nearly all buying.

Courtesy of GG from ADVFN BB


Check out this updated list of clients:



Notice RAILTRACK, McDONALDS to name a few.

GG

And this also, all I believe taken from an internal salesteam webcast, the figures and growth quoted are amazing:

Thanks gemfinder

Virtue seems to have risen for no apparent reason.

Plenty of reason, results are due out soon which should confirm profitability and bullish outlook statement.

People are starting to buy in pre-results.

SW

Last year the interims were 30th Sept

20/09/04 08:37 Interim Results RNS

Up 10% so far today.

With the interim results out yesterday:

Highlights


- Successful completion of 3.1 million fundraising and
merger with World TV.

- Approximately 900,000 of annualised cost savings
identified.

- Organic growth of the underlying Virtue business generated
29% increase in sales revenues period on period.

- Contract wins with Vodafone, BT, World Economic Forum,
German Ministry of Foreign Affairs and Greenpeace International.

- Central operations unit expanded providing a scalable
platform for delivery of enhanced IP based services to customers.

Mike Neville, Chairman, comments: 'This has been a definitive period for the
Group both in terms of business development and corporate activity. Most notably
our recent merger with World TV has put us at the cutting edge of the corporate
communications market delivering high end production services over a centralised
IP Communications platform. The net result of our efforts has been the emergence
of the Group as one of the key players in the European IP based corporate
communications market.

.. and the chief executive buying 247,524 shares.

Things are looking very rosey for the company!

Could someone show me the Level 2 data on VTB please?

Thanks

I wonder why this has fallen so far, it might be worth getting back in if I knew why.

I certainly would like to know whats going on also.

Could anyone post the L2 data for this co please?

Thanks

How low can it go ? looks like we're heading down to 1p-1.5p levels.. if it does - it must be a good level to go in at ? (imho) I might even buy some more to average down ?

It's gotta bounce some time !

just out of interest, why would you want to buy VTB?

Don't know really. I bought in a year ago when these were flavour of the month. I then sold half for a 100% profit. (at 5p-ish earlier this year)
Broker persuaded me to hold on to the other half.. haven't heard from him since ! no wonder ! :(
Maybe in another year they might've recovered a bit who knows ? :)

i cant understand why this companies price has dropped so much...surely must be a buy now ...i think buys are now going through for 1.75...maybe someone can confirm this

changing its name to world television group 22/10/04 epic wtv

Yeah ! Let's hope the share price changes too ! say 15p for starters ? Dream on eh!

we can but hope....any positive move would be nice...i think th 1.75 trades today were probably buys