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

Good buying reported from the open.....with the price up 6.45% at 1.55-1.75 pence.

Cant see a reason why pmd should'nt start going up.any comments? goal.

These have fallen back too much on market disinterest. These are very cheap now and hence I increased my holding at 1.20 pence today. Volume was flat in October but retail buying has started picking up this week again.

Personal Opinion.

The results announced in September were positive if you exclude discontinued operations. Based on Chairman's forecasts, easily worth 4p a share if not more!!
I think that they have shown a huge improvement in performance and with about 4m forward contracted business not in this set of accounts imho this company will be back in the black when the full year is reported.
I like this bit :

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 wonder if it is anything to do with the advertising for a number of well known football clubs via the club programmes which there were rumours of.Apparantly signed up with Chelsea.
Fits there profile or mission statement of specilising in advertising to captive audiences.
Or perhaps the Zee tv programme.The list goes on and there name seems to keep popping up.In time this could turn out to be a very good play indeed.
I also believe that the management have now shown that they are committed to reducing costs and earnings will benefit more in this period from the new contracts .. i.e Chelsea, Bingo Magazine(circulated to 1 million players)
Rugby etc.
PMD must be a very good take over target especially now with confirmation of recovery in the last results and the low share price , I wouldn't be surprised to see Power making a bid with there 25% of shares it wouldn't cost them very much to buy the next 4% to take control.
You dont put that sort of cash on the table with out expecting a big pay back . At the least they will have done a look more research than any of us
When i work out the valuation here and the improvement this company has made i can't understand why it has not moved much higher.
Trouble is there is nothing really sexy about it but sooner or later people will wake up to the fact that this is gonna be in profit by year end. How many other small caps can say the same.

Was that your 1M at 1.2 SH

Serious mate , what difference does it make whose it was ????

Independent Newspaper (16.10.04) on Interims. on page ten of the save and spend section :

Private investor Derek Pain in the Saturday Independent noted that reduced losses at Profile Media (PMD.L) provide hope that it is at last on the recovery road. He reviews the restructuring and adds that it looks as though the medicine is starting to work. Chairman John Webber is moderately optimistic and talked of contracted advertising revenue in the current six months being 34% than at the same time last year. All Mr Pain is hoping for now is that the Webber team returns the Group to somewhere near its high-profile past. The shares are unchanged from Fridays close at 1.48p.

Morning Sue, I am in this one too. Good luck to all holders. xm

God, i jumped on time, now moving up!!!

Prospects :

The Chairman would not say such emotive things as... "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...." unless he was pretty confident of achieving them.
Also, having signed up Chelsea FC this season, (who are undergoing a complete rebranding to remove all previous traces of Ken Bates !) I suspect that if they do a good job here (and they can't afford not to) then more of the same will follow, which would indeed make it an interesting target once more.

I am also a great fan of their Programme Master subsidiary, which I am registered with and buy sports programmes from. Anybody who is interested in old soccer/rugby/etc progs or new and full season sets should have a look at the site. this is an arm of PMD which makes the most money by far I believe.

Chelsea
In yesterday's Independent Newspaper.

Blues hunt the black: Chelsea to stand on its own 22 feet
Peter Kenyon tells Abigail Townsend about the end of Village life and the drive for profits
14 November 2004


Chelsea, the London football club owned by Russian oligarch Roman Abramovich, is to be overhauled as it strives to move into the black by 2005.

Its chief executive, Peter Kenyon, formerly the head man at Manchester United, has introduced a new club badge and is changing the company's name back to Chelsea Football Club from Chelsea Village.

The name was created by the former chairman, Ken Bates, who developed a leisure complex consisting of two hotels and various restaurants, as well as a nightclub and fitness centre, at the club's Stamford Bridge home in west London.

Mr Kenyon, however, wants the club - which has not won the League for 49 years - to move away from leisure and back towards being a more football-centred business.

He is reviewing the future of the complex and is in talks with a number of operators about taking over the running of the non-football businesses.

It is believed that Hilton and Marriott are both in discussions about operating the hotels, while fish-and-chip-shop chain Harry Ramsden's could come in to run at least one of the restaurants. Catering giant Compass has also been bought in to advise on concourse and catering facilities.

In addition, talks are progressing to find a new sponsor for the club, which has spent around 200m on new players since Mr Abramovich bought the debt-ridden business last year for an estimated 60m.

The main contenders are believed to be electronics giant Sony, and mobile phone companies T-Mobile and mmO2. Orange, the current official mobile network of the club, is not thought to be in the running, however.

The club's 20m, four-year deal with current shirt sponsor, Emirates, comes to an end this season, with the airline moving to rivals Arsenal to sponsor both its shirts and its new ground. It is understood that Chelsea is hoping to secure a new deal for up to 9m a year, though Mr Kenyon has ruled out naming the stadium after the sponsor.

"I don't think it's appropriate for Chelsea, and it's not a revenue stream that we expect to get into," he said.

Mr Kenyon is confident he will be able to match profits at Manchester United, the world's most profitable football club, by growing revenues by 10 per cent per annum. Man U reported revenues of 169m for the year to July 2004, while operating profits came in at over 29m.

"We know that a football club run properly can be profitable," he said. "We want to be the number one club in Europe, on and off the field. It's about ensuring that we're more professionally run and profitable. Today we're not profitable - we will be within five years."

He denied that Mr Abramovich was scaling back his financial support, however, despite admitting that scope for transfer fees had been built into the budget. So far, Mr Abramovich has bankrolled the acquisition of new players.

"I don't think it's prudent today to run a football club on the basis of a benefactor. Part of our job is to leave it in good shape and good shape means self-sufficient. There are too many examples of clubs running themselves inefficiently and getting themselves into trouble.

"Roman will continue to invest so I'm not concerned about that at all, but our job is to make ourselves successful and start repaying that investment."

As part of the push towards profitability, the club will try to increase its membership base from 40,000 to more than 100,000 globally in the next three years. Target markets are China and North America, though the US has proved a tough market for English clubs to crack. Man U has been trying for several years with only limited success.

http://news.independent.co.uk/business/analysis_and_features/story.jsp?story=582622

"As part of the push towards profitability, the club will try to increase its membership base from 40,000 to more than 100,000 globally in the next three years. Target markets are China and North America, though the US has proved a tough market for English clubs to crack. Man U has been trying for several years with only limited success".



---Chelsea trying to increase membership substantially is good news for Profile Media as there would be more readers and more copies to make of the Chelsea Magazine = equals more money coming in for Profile Media = more PROFIT.

Skew Bands - indicate price direction.

The skew bands have made an even bigger leap north today indicating the price is about to surge higher. I would suspect the price will start rising again tomorrow and as Level 2 suggest the other MMs besides WINS are on 1.50 pence on the offer hence 1.50 pence on the offer can come quite quickly.

The Skew Bands can be seen in action on the Daily Pro Chart under Charts on ADVFN.

History : when the skew bands are rising like they are the price has followed up with big leaps as well. See the six months and 1 year chart.

Skew Bands were introduced to myself by a poster called Dusseldorf on ADVFN...he pointed them out on the WHOG thread when the price was at the 0.35 pence levels and the skew bands were making the same leaps up which followed by the price rising by 500%.

Definite double bottom formation made today with the mid closing at 1.25 pence.

If the price starts rising tomorrow with high volume then it signals a new direction for the stock so in PMD's case from a falling trend into a rising trend.

I think anyone looking at coming aboard should read the AFX below to see what a turnaround the company has done.

http://www.advfn.com/p.php?pid=nmona&cb=1100560987&article=8891634&symbol=LSE%3APMD

Today :

L2 did not change all day and closed positive at 2 v 1.

Activity in the background happening maybe :

No large trade again today...a large sell would not take this long, a large buy would.

Correct distinction at close ;

Buys = 439,163
Sells = 583,755.

The indicative spread closed at 1.20-1.30 pence though the online prices were 1.20-1.24 pence all day.

Subsidary of Profile Media Group

Website at :

http://www.profilesportsmedia.com/

Growth Company Investor in April 2004.

" The other big attraction at this now tiny - and still very risky - company is takeover activity. Grange Nominees, rumoured to be a vehicle of a keen City player, recently picked up 24.9% of the company. If Profile makes noises about making profits, corporate manoeuvres could ensue."

------Can't help thinking that some corporate activity could be happening in the background. Power Consultancy holding a 25% stake and the price at its year low and WINS who are on the market makers trying to keep a lid on the price. In addition, the company have started making noises about profits in the Interims released in September.

Figures :

Thanks to chestnuts on ADVFN :

As for turnover the H2 for 2003 was roughly 6m new business and the H1 turn over for 05 was roughly 5.5m and expected turnover for this H2 05 is expected to bae around 7m bringing them profitable.
And next yr they could make a reasonable profit of 1m will give them a share price of about 8p i personaly don't want a take over, but what i think might happen is MBO at a knocked down price.