It doesn't look like we will benefit from the drop today, its still 11 to buy as it was last week.
Punters haven't got to grips with PCM yet; just to remind them and ourselves why we invested in PCM read below.
Double-digit month-on-month growth in top-line sales albeit from a low base, stringent cost management, and greater efficiency across the Company.
On the subject of growth and expansion, PCM have announced an exclusive licensing agreement with the UK home shopping company,
To adapt and exploit the price-drop tv and bid tv television channels and website formats, and the intellectual property rights that underpin these formats (including the know how required to operate the formats successfully and the bespoke elements of the computer systems) for any media or retail platform (the Format) in China, Hong Kong, Macau and Taiwan. Pacific Media will guarantee the obligations of PMAA under the Agreement.
Al
Are you still holding these, they have dropped recently but I think we may be laughing next year after having a few RNS's about the new funding PCM are seeking or an update on the bid up TV in china, or may be PCM going into profit.
I got 'em, mate.
Keeping 'em in certificate form on the basis that we may make a few quid next year, and if not, the certificates are cheaper than wall paper to paper my lounge, so I'm a winner whatever happens!!!!
I'm new to this stock however atfer a review of Pacific Medias web site I'm impressed. Can see this getting snaped up by big blue. The company fits it On-Demand marketing strategy very nicely... Added to my watch list for now.
A trading update is what this share needs if they kept up the pace of sales they should be at brake even by now or very soon, also need an up date on the funding for the sit up deal.
0.11206935, and then my calculator gave up. I have bought in 4 trenches and the first (but mercifully small) one was at 0.14. Ouch springs to mind!!
Is yours as bad or have you been a little cannier than I?
Alan
I bought pre the tech crash in 2000 at some ridiculous price--14p I think!! now I'm picking up chunks and waiting patiently to get back in the blue. I'm very optimistic on this paying off eventually and it's in an ISA so tax free . Online shopping up 45% this year-all falling into place.