Profile Media
(MEDIA & ENTERTAINMENT)
Trades over 300,000 shares are delayed in reporting by 1 hour.
http://www.profilemediagroup.co.uk
http://www.profile-pursuit.com/
http://https://www.programmemaster.com/index.asp?
http://www.hazletonpublishing.com/
http://www.profilesportsmedia.com/
http://www.pbintel.com/
Recommended by myself as a Strong Buy at 1.20-1.35 pence on 12.11.04


Top Director Buys
Profile Media (PMD)
Director name: Mr John Webber
Amount purchased: 4,402,958 @ 1.00p
Value: 44,030

Profile Media (PMD)
Director name: Mr David Ellingham
Amount purchased: 3,571,348 @ 1.00p
Value: 35,713

Major Shareholders
POWER CONSULTANCY LIMITED 91,647,500 23.85
WRAY N W 33,155,100 8.63
GENERALI PORTFOLIO MANAGEMENT UK LIMITED 13,500,000 3.51
INDIVIDUALS & PRIVATE CLIENTS 9,887,127 2.57
SEYMOUR PIERCE 9,455,100 2.46

Profile Media Group is a broadly based media and communications group focused mainly on custom publishing and related activities in both the UK and the US. Our main business areas are custom publishing and sports media and distribution.
Profile Media Group is made up of a number of different companies specialising in a range of products and services from custom publishing and distribution to multi-channel customer contact and integrated fulfilment.
Profile Pursuit's expertise in custom publishing covers a broad range of disciplines from banking to retail, from the consultancy sector to sports and leisure, and from show business to the grey market. As a result they have established an unrivalled portfolio of consumer and business titles with proven effectiveness as marketing tools for sponsors, advertisers and audiences alike.
ProgrammeMaster is an organisation that provides a unique and unrivalled service to the avid football supporter, by offering Official Matchday Programmes delivered directly to their door.
Hazleton has,for more than two decades striven to produce published products of the highest quality, and the AUTOCOURSE name, itself running for 50 years, which adorns its motor sport publications has become the standard by which others measure themselve
Profile Sports Media specialises in prestigious sporting titles including the Good Ski Guide, Carling Cup Final and Nationwide Playoff Final programmes.
Profile Business Intelligence produces bespoke reports for member governments of the Commonwealth and sector specific reports for the Commonwealth Secretariat, the Commonwealth Local Government Forum and the Royal Agricultural Society of the Commonwealth, all of which are organisations with whom we have strategic publishing partnerships.
Profile Business Intelligence Ltd (PBI) is a young and vibrant, holistic publishing company formed as the only B2B division of Profile Media Group Plc. Alongside publishing the Commonwealth's flagship publications, such as the Commonwealth Foreign Direct Investment Report and Agriculture in the Commonwealth it also publishes bespoke reports for individual member governments and selected private sector partners.

Recent Results (Interims):
RNS Number:4669D
Profile Media Group PLC
29 September 2004

For Immediate Release 29 September 2004
Profile Media Group PLC

Second Interim Results

For the year ended 30 June 2004

HIGHLIGHTS

6 months to 6 months to Year to
30 June 04 31 Dec 03 30 June 04

Turnover #5.3m #7.2m #12.5m

Turnover from continuing operations #5.0m #2.9m #7.9m

Operating loss before depreciation, amortization, (#0.6m) (#2.0m) (#2.5m)
interest and tax

Operating loss from continuing operations before (#0.3m) (#1.4m) (#1.7m)
depreciation, amortization, interest and tax

Loss before tax (#1.1m) (#2.4m) (#3.5m)

- Profile Pursuit UK won a contract to publish the quarterly magazine
for the National Bingo Game Association

- Hazelton and ProgrammeMaster merged successfully and now trade as
Profile Sports Media Ltd

John Webber, Chairman said that:

"With the effect of the introduction of the new contracts and the continuing
improvement of revenues I look forward to reporting further improvement at the
year end which will be for the 18 month period ending 31 December 2004".

For further information:

David Ellingham, Deputy Chairman & Chief Executive tel:(020) 7332 2000
Profile Media Group plc

Jonathan Naess tel: (020) 7710 7400
Nabarro Wells

Russell Cook tel: (020) 7739 8200
Charles Stanley

Mark Edwards tel: (020) 7466 5000
Buchanan Communications

CHAIRMAN'S STATEMENT

I am pleased to present the interim results for the six months ended 30 June
2004.

As previously announced, the Group has changed its financial year end from 30
June to 31 December and therefore the following results incorporate a second set
of interim results for the six month period ended 30 June which, together with
the interims to 31 December 2003 previously announced, make up the results for
the 12 months ended 30 June 2004.

The results reflect the positive impact from the restructuring following the
bank debt to equity swap and the cancellation of the deferred shares and share
premium account which was concluded at the start of the year.

The results for the six months ended 30 June 2004 demonstrate the progress we
are making in returning the group to profitability. The results are in line
with my expectation as outlined in the previous interim statement on 4 March
2004. Compared with the same period last year the loss on ordinary activities
before exceptional items and amortisation has been reduced from #3,887,385 to
#640,554.

Financial Results - Overview

Turnover for the continuing businesses for the twelve months ended 30 June 2004
was #7,935,486 (2003: #8,704,133). The decline is due to withdrawal from loss
making contracts and the deferment of a major title, which will now fall into
the current period, at Profile Pursuit Inc (PPI).

It is pleasing to report that gross margins from continuing activities for the
six months to 30 June have continued to improve to 16.7%. This compares with a
gross margin of 13.1% for the previous six-month period and 15.4% for the 12
months to 30 June 2004.

We have continued to strive to bring the Group's operating base to an
appropriate and sustainable level. Consequently ongoing administrative expenses
have fallen to #1,130,463, a reduction of some 37% over the previous six-month
period. .

Losses from continuing operations before interest, depreciation and amortisation
of goodwill were #287,902 a reduction of 79% from the previous six-month period.

During the period additional charges relating to the disposal of Marketlink and
Woodgate, the Group's fulfilment businesses, were identified and have reduced
the previously reported gain by #484,506 to #1,242,598. This adjustment has led
to the restatement of the results to 31 December 2003 by the equivalent amount,
increasing the loss for that period to #2,409,767.

The loss attributable to shareholders for the six months ended 30 June 2004
including discontinued items was #1,083,952, compared to #2,409,767 in the
previous period.

During the period Commonwealth Business Publications ceased to trade and is
shown as a discontinued operation together with the fulfilment division.

Financial Results - By Division

Publishing - Custom and Contract

This division consists of the Profile Pursuit companies, which operate in the UK
and US. Revenue is generated mainly from the sale of advertising space in
controlled circulation publications.

During the six months under review the UK turnover improved by #732,000 as a
result of introducing new and more regular titles. Revenue, however, decreased
in the US by #2.04 million due primarily to a deferment of one title into the
following accounting period in comparison to the equivalent period last year.
Despite the reduction in revenue the US division produced a profit on ordinary
activities for the period.

Our UK division has recently been appointed to publish a quarterly magazine on
behalf of the National Bingo Game Association (NBGA) as from November. The
magazine will be distributed to one million players via the NBGA member clubs
and is expected to make a significant contribution to earnings next year.

Publishing - Other

The remainder of the Group's publishing activities comprises Hazleton and
ProgrammeMaster.

The operations of Hazelton and ProgrammeMaster have been merged successfully and
now trade under our subsidiary Profile Sports Media Limited (PSM). Since this
restructuring, which was completed at the start of the year, both operations
have achieved a significant improvement in their trading performance despite
difficult advertising markets. The Football League remains an important
customer and we retain contracts to publish the official Matchday Programmes for
their showcase finals. In addition PSM has recently won the contract to produce
the official Matchday Programme for the Welsh Rugby Union. The company is also
pleased to announce that it also recently won an important publishing contract
to produce the Matchday Programme, monthly magazine, yearbook and junior
members' magazine for Chelsea Football Club. The benefit of these contracts
will be reflected in the current period.

Current Trading

As outlined in my previous interim statement it appears the media sector is
showing gradual signs of recovery. Advertising budgets are cautiously improving
which is demonstrated by #4.03 million of forward contracted advertising orders
for publications due to be published after 1 July 2004 being some 34% higher
than at the equivalent date last year. The Group remains committed to
maintaining tight cost controls and seeks to introduce new titles and
initiatives when appropriate. With the effect of the introduction of the new
contracts and the continuing improvement of revenues I look forward to reporting
further improvement at the year end which will be for the 18 month period ending
31 December 2004.

I would like to thank shareholders for their continued support. Our employees
have continued to demonstrate their commitment throughout a difficult period.

John Webber
Chairman
29 September 2004
Group's head office:
Profile Media Group
5th Floor
Mermaid House
2 Puddle Dock
London
EC4V 3DS

Hi, I have sold out today having boughts these at 1.4 and 2.1 pence. Will still monitor these and buy back in towards their results in March.

Good luck Sue!

I am holding tight. The fundamentals of Profiles Media's remaining businesses are sound & on further reading of the mathematics of the recent financial restructuring, the balance sheet now looks more robust.

The recent rise is not a price spike, unlike the 4pence spike on news of disposals of loss making businesses.

Price may show some retracement, but IMO a longer term revaluation of this companys' prospects is taking place. Results in March should give a clearer picture.

Going like a train UP 20% @1:00pm

Now up 30%

Huge stake taken. 24% of company acquired on Feb 2-3. more infor to follow....

LONDON (AFX) - Profile Media Group PLC said Power Consultancy Ltd bought 95 mln shares on Feb 2-3, giving it a 24.89 pct stake in Profile Media.

Power Consultancy did not previously hold any shares in the company.

Major chart breakout. Major stake taken. Not only does it show confidence in Profiles' future, but this stock is now in SERIOUS BID play!

What do you think Sue? R u coming back on board for some more?

I bought another bucketload this afternoon. Volume is massive. There is bound to be some serious follow through next week when this news becomes more widely circulated.

That stake was taken with price in and around the 3pence level. Price still does not anywhere near reflect intrinsic value of this stock.

These shares were acquired on 2-3 Feb. Company wasn't notified until 6 Feb.

Can we assume these shares were acquired on the open market at around 3pence?
An investment of around 3million!!

This company did not previously own any shares, therefore was not an investor in the recent fundraising and open offer.

Could this be a vehicle to take over the Company? Anyone find any further info on the purchaser??

Sorry too much adrenaline!! But......

25% is a huge stake to take in such a small company? Any one else any thoughts?

I think 30% is needed before any takeover intention needs to be notified? Anyone correct me on this?

This is a huge confidence booster to the Directos & the Company that the recent restructuring has put the Company in a very strong position.

Hi thestatusquo, a 30% stake is required to make an offer. I did have twitches about a takeover when I first started this thread. However, I have all my funds invested heavily in African Gold for now as I am expecting February and March to be very good months for AFG.

My only concern is that the offer may not be more than 5-6 pence based on where the price has been over the last twelve months.

Good luck Sue with African Gold. I sincerely hope you do well. Gold stocks scare me at the minute! The gold rush reminds me of the dotcom rush.

Have a look again at PMD over the weekend. I would really appreciate your input, particularly if you find any follow up articles which might give room for further price improvement.

As I said in earlier posts, that 25% seems to have been acquired at 3pence. Price hasn't yet got that far ahead, so there could still be a good way to go yet.

TSQ.

SueHelen.Thanks for originally doing all the work on this.I have got my quickest 100% ever. 29 days. Thanks Graeme.

Well done Graeme!

Are you in for some more on a possible bid?

thestatusquo, Yes, Iam going through my porfolio this weekend to see whats asleep and not long term to find something to sell to raise funds for some more PMD on Monday.Unfortunatly I was out today other wise I would have acted today. Graeme. Bid or not I think this still has a way to go ...

Expect more info from the company regarding this latest 25% stake taken. It is much too big a stake for a first time investor not to have thought about.

a few possibilities here:

1) a long term sleeper investment, recognising the fact that PMD is hugely undervalued now

or

2) the beginning of a serious bid process.

3) a vehicle to take PMD private ( I think unlikely given recent fundraising etc)

4) a reverse takeover, a private limited company seeking a listing

The companys' financial position looks very sound at the moment, with debt payed down, and its balance sheet having in excess of 11million of Intangibles on it.

With the present low market cap, sales in excess of 20million, and current price doesn't reflect any profit prospects.

More to come...

News of new investment in Company produced a 33% lift in share price on Friday afternoon.

It will have brought the stock onto the radar & is likely to be followed up by renewed private investor buying.

Chart looks very positive since financial restructuring of the Company was completed.

A bid cannot be ruled out. Until the intentions of the new investor are known, price will have to reflect the potential of a bid.

A LOTS OF BUYS HALF AN HOUR BEFORE THE CLOSE,ONE BUY OF 1,000,000 ,WILL IT HAVE ANY EFFECT ON THE OPENING TOMORROW MORNING?

Hard to say ateeq180, but that 1,000,000 buy at 3.95pence did catch my eye just before the close. 40,000 pounds worth of private investor money!!

Buys & sells pretty well balanced, but in my opinion many of the sellers are those who may have committed past finance to the company by way of bondholders who converted debt into shares. That kind of shake out doesn't bother me.

Price has stayed pretty robust. Interesting to watch for other late trades.