Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

Anyone in World Television Group????.... (WTV)     

explosive - 06 Mar 2006 21:20



World Television provides rich communications solutions to corporations, non-profit organisations and governmental institutions.

We are the global leader of webcasting and multimedia communication solutions delivering over 10,000 projects in 35 countries on 5 continents per year.

If you want to use television and the web to influence audiences, motivate employees, excite customers, change perceptions, or inform investors, our experience can help.

**************************************************************
26 May 2005 World Television Group Contract Win

World Television Group is delighted to announce that the UK Government's Foreign and Commonwealth Office has announced its intention, subject to contract, to award the British Satellite News (BSN) contract to World Television.

This contract, expected to run from October 2005, is for three years with a further two year option period. There will be an uplift in value to fund additional news story production compared with the previous contract. World Television has been providing this service for BSN under a previous contract which expires on 30 September 2005. The new contract was won against strong competition from leading broadcast news providers following a demanding tender process.

The BSN service provides daily news stories about Britain to around 440 broadcasters around the world, 5 days a week, 52 weeks a year. It is one of the world's most successful public diplomacy news services.

Jon King, Group CEO, says 'This confirms World Television as one of the premier news producers in the world. We provide the highest quality editorial and technical service for the Foreign and Commonwealth Office which meets their communication objectives and the needs of global broadcasters. Winning this major contract is testament to the talent, production excellence and hard work of our team. We look forward to the development of the BSN service in the future.'
**************************************************************
For Immediate Release 28 October 2005

World Television Group Plc ("World Television" or "the Group")

World Television Launches Expanded British Satellite News Service

World Television, the corporate communications, news production, webcasting and event management company, is pleased to announce the launch of a new expanded British Satellite News (BSN) service following the renewal of its contract with the UK Government's Foreign & Commonwealth office (FCO).

The contract, worth approximately 1.5m p.a., will run for three years from October 2005 with a further two year extension option period.
**************************************************************
For Immediate Release 16 January 2006

World Television Group Plc
('World Television' or 'the Company')

Contract Win

World Television, the international televisual communications company, is pleased to announce the award of a new 3-year contract by the European Space Agency ('ESA'), won in a competitive tender.

The contract for broadcast media relations support started on 1st January 2006 and will run to 31st December 2008. Under the contract, which is valued at 500,000 Euro over the contract period, World Television will support ESA activities around the world including satellite launches, missions of European astronauts to the International Space Station, planetary exploration and research milestones.

The Company will provide a full range of broadcast PR services which comprise strategic advice and planning, media relations distribution, monitoring and on-site support. World Television's media relations team will expand to support this contract and other client work.

Steve Garvey, CEO of World Television, said: 'We are delighted and proud to be working with the European Space Agency. The award of this contract reflects the Company's expertise in providing world-class broadcast media relations service through our international network. It adds to the growing list of international organisations that use World Television's services and makes ESA one of our most significant clients'.
**************************************************************

Taken from last interims 2006


Financial Highlights

* Group Turnover for the first 6 months 4.75m excluding other operatinh income (revenues from loss making subsidaries sold - Kamera Content and Foroso) (2005: 5.13m)
* Underlying turnover, reflecting recurring business, 4.75m (2005: 4.87m)
* EBITDA 116K (2005: 6K loss), pre-exceptionals and accounting for share options, the Groups first EBITDA positive result as a listed company.
* Operating expenses before exceptional items, accounting for share aoptions and goodwill amortisation 4.83m (2005: 5.30m)
* Write-back of 496K provision against HM Revenue and Customs (HMRC) claim.
*Profit before tax of 298K including HMRC calim write-back (2005: 352K loss)
*Cash position stabilised. Total net operating cashflow 6K (2005: (1,101)k), net cash outflow before financing 176K (2005: 1,489K)

Operational Highlights

* Rapid growth in revenue from corporate IPTV services
* Awarded 3-year contract for media relations by European Space Agency (ESA)
* Agreed partnership with PR Newswire Europe and Intercall in Australia
* Other new business wins include Central Office of Information, International Power, Siemens, Ernst & Young, Deloitte and eBay.


Trading Update


As the Company approaches its financial year end at the end of this month, the
Board reiterates its expectation made at the time of the interim results in
September that the second half of the year will experience revenue growth of
between 4% and 5% compared with 2005. The Company expects to issue more
information in its trading update in February 2007.


Convertible Loan Notes


The outstanding Loan Notes, which were issued in November 2004, fall due for
redemption at an amount of approximately 1.28 million by 31 May 2007, in the
event that the holders of these Loan Notes do not exercise the conversion rights
(into Ordinary Shares at an exercise price of 1p per share) which attach to the
Loan Notes.

The Board is actively reviewing options for resolving the Loan Notes in the best
interests of the Company and its shareholders. Further announcements will be
made as and when developments occur.


Stephen Kirk, non-executive Chairman of World Television, commented: 'I'd like
to thank Andy and Peter for their contribution as executives to World
Television's growth since they founded the company in 1991. They will continue
to offer the benefit of their experience as non-executives from the new year.
I'd also like to welcome Jim Hall to the Board and we look forward to further
developments to our technical strategy and product range under his guidance."

Brewin_research_201006.pdf
2007_CorpoateCalendar.pdf

explosive - 21 Jun 2006 19:48 - 107 of 251

BIZPACK, the 3G highlights was a question, I know there being broadcasted but don't know upon whos revenue line.....

Skyhigh, yep nothing of interest happening at the moment. I await news like the rest of you!!

BIZPACK - 27 Jun 2006 19:59 - 108 of 251

I see they have now stated the time and place of the AGM along with the finial accounts.

Averaged down a little now, so hopefully will soon see blue sky.

explosive - 28 Jun 2006 19:20 - 109 of 251

Hemscott broker sentiment "Strong Buy" see below.

http://www.hemscott.com/companies/company-summary.do?companyId=3879

For Immediate Release 13 June 2006

World Television Group Plc

('World Television' or 'the Company')

HMRC concludes World Television not liable for tax

World Television has been advised by HM Revenue and Customs (HMRC) in the UK
that it has concluded its review of potential PAYE and National Insurance
contributions (NIC) concerning Tornado Group plc (now called World Television)
at the time of its flotation in March 2000. The Company announced the review on
2 December 2005 and has vigorously defended its position during the process.

HMRC has agreed that Tornado Group plc operated PAYE/NIC on the correct measure
of profits and that accordingly World Television's liability in this case is
nil. Moreover HMRC has advised that the Company will not be liable for any
court costs arising from the review. The Company will meet its own costs in the
case, which are expected to be within the figure provided for in the 2006
budget.

The Board made a provision of 496k for the liability excluding penalties and
some interest in the final accounts for the year ended 31 December 2005. This
provision, charged as an exceptional item, is no longer required and will be
written back in the accounts for the current year.

Ends.

Link to annual report '05 below. Main highlights are loss of 0.8m for the year with fourth quarter neutral. '06 should be a profit making year, I'm very optimistic...

http://www.world-television.com/files/Annual%20Report%202005.pdf

BIZPACK - 09 Jul 2006 17:34 - 110 of 251

The volume has been so low for weeks now. It must be time for a trading statement very soon, hopefully it will be strong and set the blue touch paper alight.

The last trade on Friday was a buy at least.

explosive - 10 Jul 2006 18:30 - 111 of 251

Bizpack & skyhigh
Below is an email received today from Steve Garvey WTV CEO with regard to some of the questions I have sent WTV. Do you have any questions that you'd like me to consolidate and put to him when responding? Likewise is your in any doubt that this email is authentic then let me have your email and I'll be happy to forward.

Dear Mr. Chenery,

Ruth has passed on your questions to me. I'll answer them as well as AIM rules allow.

You right that we are advertising our services and trying to get into prospective markets. I'm not sure what information you are asking for concerning our PRN agreement, but it remains in place and is working well.

I'm sure you'll appreciate that neither I nor anybody else at World Television can explain share price movements since we don't deal in the shares. We are concentrating on the company's trading performance. However I can confirm that we will issue a trading statement around the time of our AGM, in accordance with the corporate calendar published on our website. Will you be at the AGM?

You mentioned the Hemscott report but I don't think I've seen that one. Could you mail me a copy?

Best regards,
Steve Garvey
CEO

BIZPACK - 10 Jul 2006 20:26 - 112 of 251

Thanks explosive, I am not clear what you were asking them in relation to the PRN agreement they have in place but if the share price is anything to go by then I am shocked to think that Mr.Garvey thinks the company have done a good PR job. if so it would seem that the low share price has indeed been planned by the company.

I would like to ask him if he is disapointed that E.Kimber (FD) has not put her hand in her purse and purchased stock in the market and is she now in a closed period?

I would also like to know if the former directors have purchased the options they were granted(that expire 14 July 2006) some time ago, at 0.1p & 0.6p and could this be the reason the share price fell from 1.25p to 0.73p. and did Mr.Neville buy in May to help uphold the stock price, helping and enabling the options of his former directors to be sold at a profit or did it not cross his mind that they might do this and depress the share price....I ask you explosive why he, armed with this knowledge, would buy stock @ 1.3p.

Also why did SG buy new stock @ 1p when it could be purchased in the market for less and with the knowledge that millions were or could be dumped in the market by these former directors, without the knowledge of other shareholders. If any of these options have been converted should they have not informed the market, as he and Mr.Neville had this knowledge before dealing in the company`s stock this year.

As soon as Mr.Neville goes, he will be free to unload all his options as well, without the company informing the market. No wonder, the sp is low, after all the questionable statements made at the time that money was raised to reverse into WTV and all these options.

Let us hope that those days are now over with the depature of our current Chairman but I am not so sure they are I think they would have needed to disclose that information to all shareholders and show they have turned over a new leaf. Mr.Garvey, has a lot to prove before he can be trusted and we see a return to improving share values.

Also, how much longer are we going to have to wait to find out who the next Chairman is.

Is good to know that we will get a trading statement within weeks. lets hope its very positive as they said they were confident at the time of the results in April.

I somehow, think it must be otherwise those share purchases by Neville will look like another piece of bad practice by an AIM co.

explosive - 11 Jul 2006 19:43 - 113 of 251

Hi Bizpack, not sure we'd even get a response to those questions as hes already said "I'm sure you'll appreciate that neither I nor anybody else at World Television can explain share price movements since we don't deal in the shares. We are concentrating on the company's trading performance."

I did however send the following email last night;

Mr Garvey,



Thankyou for your response. Regarding company advertising could you please send me some .pdf's or a link so I may see which products and services are being driven at present. If you have no objections I'll also include these on the thread I created on moneyam, so all investors can see.



Reference the PRN agreement "Under the agreement, World Television will fulfil all requests from PR Newswire Europe's customers for broadcast PR services and will also offer PR Newswire Europe's regulatory and PR wire distribution services to World Television's existing customer base." & "The companies have agreed to a financial arrangement that reflects the profitability of the referred business until the end of 2006. World Television has not made any advance payments for the agreement."



Have any payments been made as of yet? If so maybe you could elaborate upon if revenue generating for WTV and if so what turnover againt the PRN agreement WTV is forecasting?



WTV announced that in 2005 it secured 85 new client wins including BAA, Virgin Mobile, Toyota, O2 & Micosoft UK. Are you able to eleborate further regarding Virgin Mobile and O2?



The Hemscott report it's more a broker sentiment and ratios, follow the link below.
http://www.hemscott.com/companies/company-summary.do?companyId=3879

Regarding the AGM, I'm currently not planning to attend on the 25th. However there are other investors posting on moneyam that will be there. I see no reason why all resolutions ordinary and special shouldn't be agreed.



Many Thanks



John.

And heres the response I got;

Dear Mr Chenery,

Most of our links and sales messages are on the website but I'll ask the marketing team to check for any additional PDFs that we can supply to you for the thread.

Thanks for the link to the Hemscott report. They haven't done a great job of summarising our business but we'll contact them and see of we can improve that.

I'm sorry but I can't give you specific financial information on the PRN agreement. If I do, it has to be to the market as a whole, so I'll have to ask you to look out for our market announcements.

Our work for Virgin Mobile and O2 included a live event, live webcasts and on demand webcasts of financial results and a product launch.

I'm sorry I won't get the chance to meet you on the 25th, but I'll look forward to seeing the other investors who post on moneyam.

Best regards,
Steve

Doesn't tell us anything we didn't already know....
Steve.Garvey@world-television.com is the email address you want to contact the CEO in person.

BIZPACK - 12 Jul 2006 19:36 - 114 of 251

explosive from the reply it strikes me as though he is talking about Virgin and O2 as though the jobs finnished and not ongoing.

Lets hope they send you the PDF`s soon that they are something new.

Well done.

BIZPACK - 17 Jul 2006 19:22 - 115 of 251

A rise for a second day running I see.

Could the Market Makers know who is going to become the new chairman, as they seem to have walked this up with very little volume.

It could also be they are aware of the trading statement you talked of explosive, and are prepairing themselves for it.

Any ideas?

explosive - 17 Jul 2006 20:46 - 116 of 251

Can't see WTV would release a trading statement after the AGM. I for one want to know if were looking good to post an '06 profit. I'm sure others have also seen it too.

Global Nomad - 17 Jul 2006 22:25 - 117 of 251

well that was a good rise today.....if this is firming up I may even feel more confident about averaging down.....or will this retrace soon again.....i guess theres a little way to go before the downward trend is broken.

if there is some statement or cleare reason for recent change of direction there may be many more people ready to come back in.......

waiting as ever

GN

BIZPACK - 18 Jul 2006 17:52 - 118 of 251

Well at least the sentiment here seems to be improving. Thats half the battle with depressed stocks like this.

Another thin day of trading with little volume. It seems like there are very few sellers at this low level.

I hope they name the chairman soon and give us the trading statement but you must remember they made positive sounds about trading when they produced the full year 2005 figures.

explosive - 21 Jul 2006 20:17 - 119 of 251

AGM on the 25th, so expecting a trading statement next week before this!!! Fingers crossed its a goodon and puts us into position of an '06 profit... :-)

BIZPACK - 21 Jul 2006 20:57 - 120 of 251

I did not like the look of the drop today explosive but who knows on little volume, it may have been a trader that lost their nerve or time just ran out.

I think they will give this trading statement out on Monday.

Fingers crossed that it will be good.

explosive - 24 Jul 2006 21:11 - 121 of 251

LONDON (AFX) - World Television Group PLC said it expects to make an EBITDA profit before exceptionals in the first half after achieving revenues of approximately 4.8 mln stg in the period.Underlying revenues declining by 2.5 pct, the group said.However, it added that revenues were 'held back' primarily due to reduced spending from a major client in the Corporate TV business in the UK in the second quarter. World Television said it expects to write-back 496,000 stg in the period against the provision for a tax claim concerning Tornado Group, and this exceptional credit will enhance both EBITDA and pretax profits.Earlier today the company announced the appointment of Stephen Kirk as non-executive chairman with effect from Sept 1, replacing retiring chairman Michael Neville.newsdesk@afxnews.comtcCOPYRIGHTCopyright AFX News Limited 2005. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited

Sp looks ok to me Bizpak, could always be better. And finally Stephen Kirk to replace Michael Neville..... Now currently not sure if thats good news or not!!

BIZPACK - 26 Jul 2006 20:54 - 122 of 251

I think replacing M.Neville is the best thing they could have done explosive,and S.Kirk comes with a good history. I think this is just what WTV needed, as its now running under its own steam. All they have got to do now is increase the sales and marketing team and up and away it will go.

I think the CEO has done a great job having sorted out the group.Got rid of all the loss making stuff, hence turnover drop in first half.

I had a look at the webcast this evening, and I must say it looks pretty slick.

I think profits will grow from here and its undervalued. I might buy a few more if it drops back a bit.

skyhigh - 26 Jul 2006 21:25 - 123 of 251

still grim though isn't it !

sp to fall further...tons and tons of excess shares to mop up...might top up when offer hits .006p..

skyhigh - 27 Jul 2006 14:51 - 124 of 251

Still grim isn't it ! How crap is this share...just keeps falling away... bid down again

BIZPACK - 27 Jul 2006 20:38 - 125 of 251

Just the Market Makers taking the p***, as the volume was only 270k skyhigh.less than 1,400.00 takes the company down 3.2%. I also see they have done a deal with Intercall in Australia.

Looks very good news, it is a pity they do not do a market RNS to announce these things. My guess is they want the sp to remain low until the new chairman arrives.

Still skyhigh, did you not mean to say 0.60 and not .006p?

explosive - 16 Aug 2006 21:28 - 126 of 251

Maybe time to write another email to the CEO.... Anyone any questions?
Register now or login to post to this thread.