mackem
- 29 Sep 2005 15:12
Have a read of this statement, almost looks too good to be true but the
company actually seems to generating an amazing amount of cash from a
business it has just acquired a few months back, if they are able to sustain
anywhere near these revenues then these shares will get re-rated soon.
ContentFilm plc
29 September 2005
CONTENTFILM PLC
('ContentFilm' or 'the Company')
Update on Fireworks acquisition and other progress
The Company is pleased to update the market on positive developments since the
acquisition of the Fireworks library ('the Library').
As announced on 21 July 2005, the Company acquired the Library from CanWest
Global Communications for a purchase price of $21.5million ('the Acquisition').
The Library consists of some 240 television properties and 45 feature films.
Since the acquisition date, the Library has generated cash flow of approximately
$ 8 million, which is better than our internal forecast. We have used this cash
flow to repay debt which the Company incurred to finance the acquisition, and as
a result, debt repayment is ahead of schedule.
Additionally, since taking ownership we have generated material new sales of
rights in the Library. Since 21 July, new contracts signed have been in excess
of $2 million and approximately another $1 million of sales are in the process
of being contracted.
The financial effect of these sales and collections will be felt in our interim
results for the six months ending 30 September 2005. We believe the Library
will continue to deliver strong cash flows, revenues and profits in line with
our expectations prior to the acquisition
The London based Fireworks staff have moved into our Heddon Street office and
have exited their London lease at no cost to the Group.
Operationally, Greg Philips (Head of TV Sales) and Jamie Carmichael (Head of
Film Sales) have been working hard to organise the Company's combined film and
TV library into the best configuration for presentation to buyers, and it will
be brought to the market at the upcoming MIPCOM 2005. The television sales
division, which manages the Library, has announced its first acquisition of new
rights, and we expect further new business will be announced shortly. Jamie
Carmichael is also pushing forward with the acquisition of new product, and we
expect to update the market in the near future on those activities.
John Schmidt, CEO of ContentFilm commented, 'We are very pleased with the
immediate financial results of the Acquisition, and so are our lenders. We have
also been pleased with the speed at which we have restructured and integrated
our combined film and TV sales operations. Greg Phillips has done an excellent
job with cash collections and new sales since the Acquisition and Jamie
Carmichael on the film side had a success at the Toronto Film Festival with the
sale of 'Thank You For Smoking' to Fox Searchlight worldwide. I look forward to
announcing an exciting mix of new business for both the television and film
divisions in the near future.'
The Company also announces that the Annual Report and Accounts for the year
ended 31 March 2005 will be posted to shareholders this Friday 30 September
2005. Contained within that document is the notice of this year's Annual
General Meeting which will be held on 1 November 2005.
latics3
- 15 Oct 2006 21:50
- 13 of 35
results out in Nov.....expect it to be 20p within 1 month afterwards
brianrog
- 16 Oct 2006 00:28
- 14 of 35
reading the recent trading statement and seeing last weeks buying activity it looks like its going to 20p this week.
foale
- 26 Oct 2006 15:44
- 15 of 35
up from so low and yet no body but us sees interested in this multi bagger...
foale
- 26 Oct 2006 15:45
- 16 of 35
foale
- 26 Oct 2006 15:54
- 17 of 35
The AGM will be held at the offices of Olswang, 90 High Holborn, London WC1V 6XX on Friday 27th October 2006, commencing at 9.30 am.
foale
- 26 Oct 2006 15:55
- 18 of 35
latics3
- 30 Nov 2006 10:03
- 19 of 35
Bottomed out ....will rise steadily from here.IMHO.
latics3
- 08 Feb 2007 16:24
- 20 of 35
Told you so .....24p within 6wks....but what do i know....seems like I'm talking to myself anyway. Is there any body out there?
latics3
- 25 Mar 2007 12:25
- 21 of 35
Still talking to myself...never mind laughing all the way to the bank!
latics3
- 01 Apr 2007 20:40
- 22 of 35
STILL HERE ALONE...PERHAPS AFTER NEXT UPDATE...SOMEONE ELSE WILL COMMENT!!!
latics3
- 29 Apr 2007 19:07
- 23 of 35
GOING ON HOLS.......MIGHT HAVE SOME COMPANY WHEN I RETURN..LIVING IN HOPES.
Harvey58
- 30 Apr 2007 10:57
- 24 of 35
Hi Latics3
Presume you the same person who posts on ADVFN where I post as Jasper.
Im still in but have taken some profits as I bought in at 9.5p.
Hope you have a good holiday.
Alleyne
- 01 May 2007 19:49
- 25 of 35
Anyone know how long the 'offer period' lasts? The blackout is a bit annoying.
latics3
- 16 May 2007 20:27
- 26 of 35
harvey....had a great holiday ..keep the faith..as you probably know from advfn I tipped these at 2.5p.....still holding imho a lot more to come.
foale
- 25 Jun 2007 12:40
- 27 of 35
starting to point up again...after a 2 month lul
latics3
- 26 Jun 2007 21:56
- 28 of 35
KEEP THE FAITH FRIENDS....MORE TO COME.
Harvey58
- 28 Jun 2007 15:22
- 29 of 35
Latics......you little 10 bagger you.
Good luck. Still keeping the faith.
Harvey
meridius
- 28 Jun 2007 15:57
- 30 of 35
CFL doing nice but have you seen MCM up 152 from 79 in Sept and still going. Looked liked levelling in May but going again.
latics3
- 28 Jun 2007 17:30
- 31 of 35
Thanks Harvey.
Alleyne
- 01 Jul 2007 18:30
- 32 of 35
Things on the up and up now. Volume has increased amazingly over the last two weeks. Normally CFL would publish their full trading year figures this week. I wonder if this will happen. Sentiment suggests investors think they will.