Time to stand up and be counted in my opinion..

news is turning positive here...wontg be long before sentiment drives this one up..........

Brilliant! I shall wish a happy weekend to all who hold this little gem-a few years down the line we could be sitting on our island with a drink in hand!!

mp
I have joined you in the millionaire club.

Good man driver. Still think its a risky share, BUT, the odds now look to be in our favour. Upside now definately greater than potential downside!!!
Alan

Good for you--all together now!!

DRIVA
I am holding a load of these 3000000+
Happy days!!!!!

Alan it can't fall too far or it would be zero!! CWMAM--we'll catch you up soon I enjoy counting future gains in 000000 s!

CWMAM
So youre a multi then.

A bit disappointing sp rise seeing its the news we have been waiting for, may be it has to be digested, revenue worked out, ect, ect? I havent looked at it yet myself.

don't think its on many people's radar yet even though it's a main market share it's lowly price means it is an undiscovered gem IMO! plenty of time to accumulate some more even though they put out such regular announcements. interesting they heavily mark down the sell price at the end of each day-wonder why?

mp
I agree, undiscovered gem it is, I just printed out and read all the news, its looking good, as you say still time to accumulate.

We have a seller and until they are finished we won't see the full benefit (ref 70M sell)

I'm also a potential multi-millionaire on the back of this one and hope to join the island celebrations a couple of years hence.
The latest AGM report reads even better if you look back at last years annual report, which is still available on-line: the change in tone and sentiment is quite dramatic and undoubtedly reflects a new found confidence in the management. I think they still have funding problems but seem to be steering their way through and now are presumably enjoying improved cash flow.
It's all a gamble, in this case with lots of upside I think.
sd.

Please don't ask to see my figures and do not take this as gospel, but from my part I will be adding to this stock, bareing in mind it will not be up and running till the end of next year and I have based the profit on the UK (profit verses viewers) format, the Potential viewers that PCM will expect from China, Hong Kong, Macau and Taiwan could be ten times this 60m x 10 So this is at the low end. Also the license fees to sit-up of US $14.0m about 8m plus royalties totaling US $6.4m about 3.7m have to be found (loan) and paid back out of profits over a period of time.
The expected EPS X 20 (mid range for a tec stock) gives me an sp of about 3.70p, like I said it could be ten time this with the extra viewers, in what time scale who knows? But its looking good.

Been reading through this driver ,, very interesting...

driver - I admire your enthusiasm and courage in equal measure, having drawn my attention to this company from the SEO thread.

Forgive me for not reading the whole thread, and therefore possibly duplicating previous thoughts, but I've spent the afternoon reading the RNS and accounts for the last 12 months and a few facts stand out.

1) An accumulated loss of 82m at 31st december 2004.

2.a) Interest at LIBOR + 9% on US$14m loan from its major shareholder = approx. UK1m p.a. I've seen companies before that need to borrow more than the interest charge each time it becomes payable - not a pretty sight for long, eventually!

2.b) Need to borrow $14m plus $6.4m for the sit-up deal - another 1.6m p.a. in interest, assuming a similar rate to above.

3) The 28 month royalty of 3.7m - taken at the same rate as the prospective 2%, is equivalent to turn over of 79,286,000 p.a. from these format rights. Is this realistic - reaching this target over how long?

4) The turnover on continuing activities to 31st December 2004 was a mere 345,000.

In spite of the breathless sequence of announcements during 2005 which all look terrific and the claimed "double-digit month on month growth in sales" (sadly, no numbers mentioned which they could easily have done), there seems an awful long way to go to a cash positive, let alone profitable business. The only figure I would ask you for is your estimate of gross sales for 2006 (first full year of all recent deals) - do you have any evidence for it? Does anyone, even the directors?

I'm not knocking this share - just asking. It is very sexy, being priced at 0.18 offer as I write, and it always looks very satisfying to own millions of shares for a normal portfolio allocation of money, BUT . . . . unless you have some very persuasive facts as to turnover, I would have to wait until at least interims demonstrate how well we are heading in the right direction on the hard numbers. Is that very wimpy of me?

Good luck and let me know if I've missed the blinding light on the road to Beijing!

sd

I am obviously going to come up with some thing more concrete to convince such a master of stocks, I will give it another look, thanks for the look in for now.

stockdog,
QXL did- so PCM might be able to do.

I sold 3.6k QXL shares at 315p and lost about 3k. QXL is over 3600p now. I can't understand why I listened to some of the messages here.

stockdog
Based on Sit-Up's achieved turnover for the year ended 31 December 2004 of 206.1 million and profit before tax of 11.5 million, there live channels have a collective customer base of over 2 million people and its channels are watched each month by in excess of 5 million viewers. PCM are going to operate in China, Hong Kong, Macau and Taiwan. I am sure the Chinese and Asian people are going to love the bid up format, so as I said before these figures above could be multiplied ten fold the revenue will take time to come through though, the future is looking good over the next two to five years.

206m out of the UK is quite some turnover and, as you say, the Chinese are probably fond of the format being inveterate gamblers and bargain chasers, so we are always told. So X 10 = 2bn turnover - that's starting to look profitable, I have to admit.

Their shareholder must believe in something to keep lending so much cash to them.

sd