No threads for this one WHY,opportunity here !!

I looked at it a few weeks ago and must agree it seems very cheap but I don't know much about the underlying potential here. Any views?

Only interest in sp movement joe 20% from 175 will do me fine,unless there more to it than meets the eye,only had it 2 weeks looking good all the same.

Chrysalis losses widen - MoneyAM


Chrysalis said pretax losses for the 13 months to September widened to 18.8m from 5.97m.

This reflected a number of non-trading, separately disclosed items relating to the review of the music business and group balance sheet, including the full buyout of the pension liability, which cost 8.2m.

Excluding those, losses amounted to 1.1m against a 144,000 loss last year on revenue of 54m, down from 56.3m previously.

Commenting on the results, Jeremy Lascelles, CEO, said: 'Chrysalis' financial performance for the period was in line with our expectations. Our first year as a focused music and distribution Group has been extremely challenging with uncertain macro economic conditions, the distraction of the abandoned sale process, the US screen writers strike as well as ongoing declines in the global entertainment products market. Over the past six months, we have spent much time and effort reviewing our strategic focus and restructuring each of our operations where appropriate. The result is an intensified focus on our core music publishing asset and a commitment to ensuring that we maintain and grow the value of this unique asset for the benefit of our shareholders.

'We believe fundamentally in the value of copyrights and that our portfolio of intellectual property remains a robust and valuable asset which will continue to increase in value over the long-term.'

As announced previously, no dividend has been proposed.