NEW THREAD
http://www.moneyam.com/InvestorsRoom/posts.php?tid=11010#lastread




Headquartered in Hong Kong and listed on the London Stock Exchange (LSE:PCM), Pacific Media Plc is an Asia-based t-commerce company with principal operations in Mainland China, one of the world's largest and fastest growing consumer markets. The Company also has a presence in other non-core markets in Asia. T-commerce is the provision of business-to-business (B2B) services to facilitate direct-to-consumer retail platforms, and the use of television as a transaction platform to sell goods directly to consumers. Pacific Media's full-fledged t-commerce business model is supported by multiple marketing and distribution channels including wholesale, retail, direct marketing, and the internet.

During the course of the year, the Group focused on the TV direct response and TV home shopping activities. In addition, the Group discarded use of the acquired "TV Media" brand and launched the new "ResponzeTV" brand. The international division shifted sales toward Europe and the USA and out of S.E. Asia. The migration to our own in-house call centre in Shanghai was completed in April 2005 and allowed the Group to generate higher sales conversions from incoming call enquiries. The call centre provides a capacity for up to 70 operatives, sufficient to meet the mid-term growth in the ResponzeTV business.

New 31/07/2006
The catalogue and call centre has been axed.

The Board has therefore decided that the focus of the Company's TV home shopping business will move away from activities involving high media costs and high overheads, and in particular away from producing and airing its own TV home shopping and DRTV programmes. Instead, it will focus on what the Board considers to be lower-risk activities within the TV home shopping and DRTV sector in Greater China.

Accordingly, the Board has decided to focus much of the Group's attention and resources on seeking to grow its international sourcing business. This is a business which sources products, principally from China, for TV and DRTV home shopping operators in Europe, the USA and North Asia. This business takes advantage of the Company's proximity to the Pearl River Delta and the many product manufacturers located in the Southern China region, plus the Group's experience in sourcing home shopping products.

As part of the review, the Board has also identified the opportunity for the
Company to expand its operations by selling its products into the retail sector in China and Taiwan.

Web Site
http://www.pmplc.com
Responze TV Web Site
http://www.responzetv.com/home/index.aspx

Raymond Chang Chief Executive Officer Pacific Media PLC
http://mba.yale.edu/alumni/profiles/changr.shtml
OUT OF THE BOX Aug 2005
http://www.sinomedia.net/eurobiz/v200508/box0508.html

NEW THREAD
http://www.moneyam.com/InvestorsRoom/posts.php?tid=11010#lastread

I'm back. Never dumped them Driver, but a quick run through this lot and I wish I had!!
Oh well. Cleethorpes next year at this rate.
Alan

It can only go up from here I hope.

Darren Shaw has stepped down
Steven Goodman, who joined the Board in 2005 as an Executive Director and Group Legal Counsel, has been appointed Chairman.

Move to AIM

The capital reorganisation is expected to create a more appropriate capital
structure for the Company and save costs of approximately 200,000 per annum.

The Board has therefore decided that the focus of the Company's TV home shopping
business will move away from activities involving high media costs and high
overheads, and in particular away from producing and airing its own TV home
shopping and DRTV programmes. Instead, it will focus on what the Board considers
to be lower-risk activities within the TV home shopping and DRTV sector in
Greater China.

Accordingly, the Board has decided to focus much of the Group's attention and
resources on seeking to grow its international sourcing business. This is a
business which sources products, principally from China, for TV and DRTV home
shopping operators in Europe, the USA and North Asia. This business takes
advantage of the Company's proximity to the Pearl River Delta and the many
product manufacturers located in the Southern China region, plus the Group's
experience in sourcing home shopping products. In many cases, the business
produces its own infomercials to support the sales of those products, although
the Company is seeing a growing trend for the costs of infomercials to be shared
with its home shopping operator partners. The Company intends to build on the
good relationships which it has already established with a number of major
international home shopping operators. I am pleased to say that this business is
currently performing in line with the Board's expectations and is showing
encouraging signs for the future.

As part of the review, the Board has also identified the opportunity for the
Company to expand its operations by selling its products into the retail sector
in China and Taiwan.

The Board has reviewed the prospects for the FreeStyle catalogue business, which
was acquired for a relatively low cost in January 2006. The Board's view is that
such business would require significant investment to achieve sufficient
critical mass to meet the Board's objectives. However, the Board was not
convinced that the prospects for achieving the required level of success were
sufficiently certain to justify such an investment. Accordingly, it will be
discontinuing that business.

http://moneyam.uk-wire.com/cgi-bin/articles/20060731105152W2048.html

Cleethorpes may have been a bit optimistic.
Seaton Carew in a draughty caravan is looking favourite.
Alan

I'm out... had anough... probably regret it but we'll see... may come back when all the dust has settled...(could turn out to be another WGT/SYG which was good)

Have now topped up on ARC which is has more potential and is looking good (imho, dyor)

LONDON (AFX) - Pacific Media PLC announced a review of the capital structure
and trading strategy of the company aimed at reducing its annual cost base by
approximately 2.6 mln usd by the end of this year.
In a statement at today's annual shareholders meeting the company added said
executive chairman Darren Shaw has stepped down with effect from 31 July to be
replaced by Steven Goodman.
Goodman said: "As shareholders will be aware, the results of the Company for
the year ended 31 December 2005 were disappointing. Also disappointing was the
termination of the sit-up auction channel license agreement, announced on 1 June
2006.
"Reflecting the requirement to reduce the cost base of the company, the
first results of this review were the changes in the capital structure being
proposed as part of the capital reorganisation and the move to AIM.
The capital reorganisation is expected to create a more appropriate capital
structure for the Company and save costs of approximately 200,000 stg per
annum," said Goodman.
"The decision to propose the capital reorganisation was not one taken
lightly by the Board, particularly in view of the impact it will have on smaller
shareholders, particularly those with less than 40,000 shares, and the Board is
aware that certain shareholders may feel unhappy with the capital
reorganisation. After full consideration and discussion with its advisers
however, the Board felt it imperative in the interests of the Company to do all
it reasonably could to reduce its corporate cost base.
"Steps have already been taken, and will continue to be taken, to reduce the
cost base by reducing its other corporate overheads so that they are more
commensurate with a company of Pacific Medias size and scale of business
activities. These steps include reducing directors remuneration, lowering office
and operating premises overheads and reducing staff costs.
"The financial effect of these reductions in directors remuneration will be
to reduce the annual level of directors remuneration from approximately 1.63 mln
usd as at Dec 2005, to approximately 360,000 usd as from the beginning of August
2006, a saving of approximately 1.27 mln usd per annum."
It added head office and operating premises costs which, as at December
2005, were running at an annual rate of approximately 305,000 stg are targeted
to be reduced during the second half of the year to approximately 120,000 usd.
Staff costs which, as at December 2005, were running at an annual rate of
approximately 1.44 mln usd have been reduced to approximately 600,000 usd.
Also as part of its review, it has decided that, while maintaining the core
business of the Company, being home shopping related activities in Greater
China, the company should refocus its business away from activities where it
sees no early prospect for the improvement in financial performance "of the
level the Board is seeking".
It said the focus of its TV home shopping business will be away from
activities involving high media costs and high overheads, and in particular away
from producing and airing its own TV home shopping and DRTV programmes. Instead,
it will focus on what it considers to be lower-risk activities within the TV
home shopping and DRTV sector in Greater China.
newsdesk@afxnews.com

maybe there's light at the end of a very long tunnel! I often wondered why the company maintained its full listing put it down to the chinese not willing to lose face. All sounds more encouraging anyway.

Looks like pcm have consolidated if not we are all rich
Divide your shares by 40000 then multiply by 25 i.e. 1000000 becomes 625 shares.

At least the sp LOOKS healthy Driver!
kim

driver - 01 Aug 2006 08:51 - 44 of 45
Looks like pcm have consolidated if not we are all rich
Divide your shares by 40000 then multiply by 25 i.e. 1000000 becomes 625 shares

MY QUESTION IS

So 40000 shares = 25 new shares or 40000 / 40000 = 1 share.

What do you use as your new price per share ? as what you have brought them for is far less than they are now, making them worth more.

I think this will settle thing for quite a few people.

Thanks

Richard

Richard66
Yes you are right, you have just put it a different way. Every 40000 shares = 25

But the way to get there is Divide your shares by 40000 then multiply by 25 i.e. 1000000 becomes 625 shares.

wow!! now i've got about 60 shares worth f*ck all :))

bos
I told you to buy some more just before the 90% drop, you should think yourself lucky.

This is responzetv.com web site which is currently under upgrade. Please visit later.

http://www.responzetv.com/

IF THE SITE LOOKS GOOD WHEN IT COMES BACK,I'M IN FOR SOME MORE AT THIS PRICE...WORTH KEEPING AN EYE ON

Oh Dear.

maestro
With an M/Cap of only 2m you could be right.

Just out moving to aim and a change of name.

The initial results of this review were the proposed move of the Company's
listing to AIM and a proposed capital reorganisation, each announced on 30 June
2006, which were approved by shareholders at the Annual General Meeting of the
Company held on 31 July 2006.

At an operational level, the Board implemented reductions in overheads through
cuts in aggregate levels of directors' remuneration, reduced premises costs and
lower staff costs. At a trading level, the Board also decided that the focus of
the Company's TV home shopping business would move away from activities
involving high media costs and high overheads, to focus on lower-risk activities
within the TV home shopping and DRTV sector in Greater China.

As a result of the Board's review, the Company commenced a restructuring of its
business in China to focus on sourcing wholesale products for sale to competing
DRTV and TV Home Shopping operators in Europe, the USA and North Asia and to
seek expansion of its operations by selling its products into the retail sector
in China and Taiwan.

4. CURRENT TRADING AND PROSPECTS

The Company is starting to see the anticipated improvement in its financial
performance as a result of its strategic and operational review undertaken in
2006. While this has led to a reduction in turnover, the Board believes that the
measures undertaken as part of the review, being a combination of a reduced cost
base, tight cost controls and a focus on operations which the Board has
identified as offering the prospects of early returns at lower levels of risk,
will put the Company on a more stable financial footing in the short-term. The
full impact of the cost savings arising from the measures the Company has taken,
and is continuing to take, will not be fully seen until the 2007 financial year.

In the second half of 2006, consistent with the decision made to scale back
considerably the Company's non-core activities in China, the Company has further
liquidated substantial amounts of its inventories of discontinued product lines,
and this process is continuing. This has improved the working capital cycle of
the Company.

Looking forward, the Directors believe the Company can look at higher rates of
growth in the future as the financial effects of the stabilisation process and
the Debt Conversion start to come through. The Company may consider expansion by
acquisition in its core geographical and business areas where appropriate
opportunities are identified.

http://moneyam.uk-wire.com/cgi-bin/articles/20061204170638W2356.html

did i see 600% dilution of shareprice?

Anyone know what the new EPIC code is???

alan...JUNK
sorry folks just reading around and passing through :-)