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Anyone in World Television Group????.... (WTV)     

explosive - 06 Mar 2006 21:20



World Television provides rich communications solutions to corporations, non-profit organisations and governmental institutions.

We are the global leader of webcasting and multimedia communication solutions delivering over 10,000 projects in 35 countries on 5 continents per year.

If you want to use television and the web to influence audiences, motivate employees, excite customers, change perceptions, or inform investors, our experience can help.

**************************************************************
26 May 2005 World Television Group Contract Win

World Television Group is delighted to announce that the UK Government's Foreign and Commonwealth Office has announced its intention, subject to contract, to award the British Satellite News (BSN) contract to World Television.

This contract, expected to run from October 2005, is for three years with a further two year option period. There will be an uplift in value to fund additional news story production compared with the previous contract. World Television has been providing this service for BSN under a previous contract which expires on 30 September 2005. The new contract was won against strong competition from leading broadcast news providers following a demanding tender process.

The BSN service provides daily news stories about Britain to around 440 broadcasters around the world, 5 days a week, 52 weeks a year. It is one of the world's most successful public diplomacy news services.

Jon King, Group CEO, says 'This confirms World Television as one of the premier news producers in the world. We provide the highest quality editorial and technical service for the Foreign and Commonwealth Office which meets their communication objectives and the needs of global broadcasters. Winning this major contract is testament to the talent, production excellence and hard work of our team. We look forward to the development of the BSN service in the future.'
**************************************************************
For Immediate Release 28 October 2005

World Television Group Plc ("World Television" or "the Group")

World Television Launches Expanded British Satellite News Service

World Television, the corporate communications, news production, webcasting and event management company, is pleased to announce the launch of a new expanded British Satellite News (BSN) service following the renewal of its contract with the UK Government's Foreign & Commonwealth office (FCO).

The contract, worth approximately 1.5m p.a., will run for three years from October 2005 with a further two year extension option period.
**************************************************************
For Immediate Release 16 January 2006

World Television Group Plc
('World Television' or 'the Company')

Contract Win

World Television, the international televisual communications company, is pleased to announce the award of a new 3-year contract by the European Space Agency ('ESA'), won in a competitive tender.

The contract for broadcast media relations support started on 1st January 2006 and will run to 31st December 2008. Under the contract, which is valued at 500,000 Euro over the contract period, World Television will support ESA activities around the world including satellite launches, missions of European astronauts to the International Space Station, planetary exploration and research milestones.

The Company will provide a full range of broadcast PR services which comprise strategic advice and planning, media relations distribution, monitoring and on-site support. World Television's media relations team will expand to support this contract and other client work.

Steve Garvey, CEO of World Television, said: 'We are delighted and proud to be working with the European Space Agency. The award of this contract reflects the Company's expertise in providing world-class broadcast media relations service through our international network. It adds to the growing list of international organisations that use World Television's services and makes ESA one of our most significant clients'.
**************************************************************

Taken from last interims 2006


Financial Highlights

* Group Turnover for the first 6 months 4.75m excluding other operatinh income (revenues from loss making subsidaries sold - Kamera Content and Foroso) (2005: 5.13m)
* Underlying turnover, reflecting recurring business, 4.75m (2005: 4.87m)
* EBITDA 116K (2005: 6K loss), pre-exceptionals and accounting for share options, the Groups first EBITDA positive result as a listed company.
* Operating expenses before exceptional items, accounting for share aoptions and goodwill amortisation 4.83m (2005: 5.30m)
* Write-back of 496K provision against HM Revenue and Customs (HMRC) claim.
*Profit before tax of 298K including HMRC calim write-back (2005: 352K loss)
*Cash position stabilised. Total net operating cashflow 6K (2005: (1,101)k), net cash outflow before financing 176K (2005: 1,489K)

Operational Highlights

* Rapid growth in revenue from corporate IPTV services
* Awarded 3-year contract for media relations by European Space Agency (ESA)
* Agreed partnership with PR Newswire Europe and Intercall in Australia
* Other new business wins include Central Office of Information, International Power, Siemens, Ernst & Young, Deloitte and eBay.


Trading Update


As the Company approaches its financial year end at the end of this month, the
Board reiterates its expectation made at the time of the interim results in
September that the second half of the year will experience revenue growth of
between 4% and 5% compared with 2005. The Company expects to issue more
information in its trading update in February 2007.


Convertible Loan Notes


The outstanding Loan Notes, which were issued in November 2004, fall due for
redemption at an amount of approximately 1.28 million by 31 May 2007, in the
event that the holders of these Loan Notes do not exercise the conversion rights
(into Ordinary Shares at an exercise price of 1p per share) which attach to the
Loan Notes.

The Board is actively reviewing options for resolving the Loan Notes in the best
interests of the Company and its shareholders. Further announcements will be
made as and when developments occur.


Stephen Kirk, non-executive Chairman of World Television, commented: 'I'd like
to thank Andy and Peter for their contribution as executives to World
Television's growth since they founded the company in 1991. They will continue
to offer the benefit of their experience as non-executives from the new year.
I'd also like to welcome Jim Hall to the Board and we look forward to further
developments to our technical strategy and product range under his guidance."

Brewin_research_201006.pdf
2007_CorpoateCalendar.pdf

GGekkko - 26 Apr 2006 20:25 - 45 of 251

i think you'll find we've now turned the corner
good luck tomorrow

PapalPower - 27 Apr 2006 07:37 - 46 of 251

http://www.investegate.co.uk/article.aspx?id=20060427072000P82D9

World Television, the international webcasting and multimedia visual communications company, today announces preliminary results for the year ended 31 December 2005.


Financial highlights:

Turnover 9.6m (2004: 10.0m)

Underlying revenue growth 7%

Operating loss 0.8m (2004: 4.4m)

Pre-exceptional EBITDA loss of 37k (2004: 1.087m), ahead of market expectations

World Television and Virtue Broadcasting merger delivered a reduction in operating costs of circa 1.4m, 0.5m more than the target set by the Board


Operational highlights:

Strong growth achieved in key markets including Spain, Sweden, Australia and the UK

Disposal of two loss-making non-core businesses:

Kamera Content in March 2005 and Foroso in December 2005

British Satellite News contract extended until 2008

Secured 85 new client wins including BAA, Virgin Mobile, Toyota, O2 & Microsoft UK

Mike Neville, Chairman of World Television has decided to step down after 3 years in the role

Mike Neville, chairman of World Television commented:

"2005 was a year of considerable progress for World Television. We secured 85 new clients and delivered over 10,000 projects across 35 countries in 15 languages, more thaT ever before. We achieved substantial cost savings, well above expectations, and disposed of two loss-making businesses. At the same time we began the process of developing new digital services.
"Restructuring is now complete and I look forward to 2006 with some optimism.
Our focus will be on improving the Group's profitability, particularly at the eBITDA level, to ensure a sustainable platform for growth in shareholder value.
"I have hugely enjoyed my time as Chairman, beginning in 2003 when Virtue Broadcasting was wholly focused on webcasting, had turnover from continuing operations of approximately 0.7m and was incurring significant losses. Now the group has a solid foundation from which to develop to the next stage.
"I leave World Television in the hands of a strong management team. I would like to thank my fellow Board members and World Television's highly professional and creative people for their support and hard work."

Steve Garvey, Group CEO, commented:
"Mike has provided outstanding leadership since joining Virtue, during some very difficult times. Under his guidance the Group has grown rapidly from webcasting to providing a comprehensive range of televisual communications services. We can now build on the international market-leading business that Mike has helped to create."


Outlook for 2006

In 2006 we are focusing on further improvements in the Group's profitability, particularly at the EBITDA level, to ensure a sustainable platform for growth in shareholder value. Trading in the first quarter has been in line with our budget and market expectations, and the Directors are confident about trading prospects for the remainder of the year.
The Group's future prosperity lies in the continued development of market-leading technology combined with the creative flair needed to produce compelling and effective content. We intend to consolidate the Group's position as an international leader in IP television for our target clients, and we intend to broaden the client base further to reduce the risk of over-dependence on certain key relationships. Our product development programme underpins the Group's ability to grow internationally as we develop new markets and expand our service offering in existing markets.

Global Nomad - 27 Apr 2006 08:57 - 47 of 251

price down by some 7% this morning and I was here thinking this is a pretty positive set of results, chairman stepping down is always a bit of a downer but if the co has turned a corner and restructured succesfully then it is a good time to find someone for the new phase. The reduction in losses is great and surely there will be profits in the coming interim or full year. It is growing well.

Is this just profit taking after the recent rises or have a missed something more fundamental?

GN

skyhigh - 27 Apr 2006 09:05 - 48 of 251

GN... agree with your comments... should now be making profits...and it's onwards and upwards from..us long termers (2/3 yrs for me) will not be put off by the 7% drop as we're taking the long view (slow & steady wins the race!)
Drop is just profit taking. imho

explosive - 27 Apr 2006 10:31 - 49 of 251

7% fall doesn't bother me either, still up 25% on this one in under 2 months.

Global Nomad - 27 Apr 2006 12:36 - 50 of 251

well done explosive....you got in at the bottom, seems like me and skyhigh have been here (via virtue) since the top(ish), perhaps we can meet somewhere in the middle and all be happy.

BIZPACK - 27 Apr 2006 18:03 - 51 of 251

explosive, hope you have something lined up but understand that on occasions one just has to make life changes.

As to results, I just watched the webcast, bit disapointed that they did not give a much stronger forward looking statement. I think the selling has in the main come from profit takers, as you say its still up a lot over two months.

Everything looks much more positive to me from the statement about 2006 but I thought it was not forcefull enough, thats all. If it had been the price might have gone up.

Better, than the brokers note, that suggested the value at a discount to market of 1.4 when they listed it as a buy at .97p. How long to the next brokers note, upgrading it?

I`m about even now on my small holding but tomorrow could bring buyers back and soon see it go up.

Interesting about Bissons Ltd, are you sure thats the right one, as I saw no refrence to bissons.com. If it is I can see they might have the reasons you state, podcasting ideas for the retail internet sites. World wide, with big business contacts through WTV .WOW, I can see the attraction.

explosive - 28 Apr 2006 00:49 - 52 of 251

Hi Bizpack, nope nothing lined up and have spent today registering with some accounting agencies. Have to say I'm looking forward to some time off and am even considering staying out all summer. Lifes just too short and its time to live a little...

Regarding Bissons Ltd, this is the only Bissons I could find within the channel islands. The website www.bissons.com at the very bottom says "Copyright Bissons Limited, 2000 2004" so looks to me like the same. Interstingly on the website "Managed Internet Access" & "Managed Internet Services" options if clicked on both say coming soon.

BIZPACK - 28 Apr 2006 20:27 - 53 of 251

I see they have issued a statement about the loan note late on today.

Thats the only thing I find a bit concerning, still now that I can only sell for 1p, I`ll take a chance thats its not as bad as it looks. The company could do with a cash injection by the looks of it, I regret to say, as that could dilute other shareholders value, unless they are making profits at this time, which is quite probable bearing in mind Q4 was neutral. So, I am still positive.

explosive, I take it your an accountant, so can you throw any more light and give us your take on the accounts please.

explosive - 01 May 2006 23:39 - 54 of 251

Evening Bizpack, I don't share your view that this injection of cash will dilute shareholders value. A placing of further shares would do this and not an unsecured loan in my view.

World Television Group PLC
28 April 2006


World Television Group PLC ('World TV' or the 'Company')

28 April 2006

Update re: Convertible Loan Note Issue

The Company announced details of the issue of 1.11 million of Convertible Unse
cured Loan Notes 2006 on 6 December 2004 (the"Loan Notes"). These were
redeemable at the rate of 1.15 for every 1 nominal amount at any time after
30 November 2006.

The preliminary results for the year ended 31 December 2005 were announced on
27 April 2006. In this the Board announced it had obtained written undertakings
from a majority holding not less than 75% in nominal amount of the Loan Notes,
which will be binding on all the Noteholders, that they will not demand
redemption or repayment of the Loan Notes until after 31 May 2007.

Before any conversion of the loan notes takes place (except following a takeover
offer), such members of the concert party (as detailed in the announcement on 6
December 2004) and the Company will seek a waiver from the Panel from the
obligation to make a general offer that would otherwise arise as a result. Such
waiver will be subject to approval by independent shareholders of the Company.

In consideration of the extension of term of the Loan Notes above, the Loan Note
Holders will receive interest at 5 per cent.per annum of the principal amount.
As Peter Sibley, Andrew Booth and Anthony Bartlett are directors of the Company
and holders of Convertible Loan Notes, this constitutes a related party
transaction under the AIM Rules. The independent directors consider, having
consulted with Brewin Dolphin Securities, that the terms of the transaction are
fair and reasonable insofar as shareholders are concerned.

ENDS

Now as there Convertible Loan Notes are held by the companies directors, I view this RNS more as confidence within the board. Yes you could say that any extention to the notes would profit the board however.

"In this the Board announced it had obtained written undertakings from a majority holding not less than 75% in nominal amount of the Loan Notes, which will be binding on all the Noteholders, that they will not demand redemption or repayment of the Loan Notes until after 31 May 2007." Thus reducing the risk involved.

Keeping on the subject of risk as at 31st December 2005 WTV fundamentals show WTV as having a market cap of 8.76m, and current assets in debtors as 2.41m lets call this 25% of market cap and extreamly high. Being that WTV have until the 31st May 2007 to repay Loan Notes of 1.11m its easy to suggest that all associated risk against the repayment of Loan Notes can be met by outstanding debt due to WTV. Furthermore I see no reason why WTV wouldn't post a 2006 profit even with the employment of a credit manager to collect its debt. I would also consider that debt, less Loan Notes equals 1.3m. This will be cash in bank once liquidated.

Finally, yes I do work in the accounts sector but am only able to say as a part qualified accountant. Over more recent years however I have worked as a credit controller/manager. So I'm not qualified to give you a professional opion but more how this situation reads in my mind. Please feel free to correct me should you find my observations to be incorrect. Thanks

explosive - 02 May 2006 18:31 - 55 of 251

Director confidence shown below, lets now see the sp settle at 1.25 before the next push!!

World Television Group PLC
02 May 2006


World Television Group PLC (the 'Company' or 'World Television')

2 May 2006

Directors' Dealings


The Company has been informed that Mike Neville, the Chairman of the Company,
has today purchased 792,836 ordinary shares of 0.1 pence each at a price of 1.25
pence per share.

As a result of the above transaction Mr Neville now has an interest in the
following number of shares:


Number of Ordinary Shares Percentage of Issued Share Capital
1,346,642 0.18%



ENDS

BIZPACK - 02 May 2006 19:13 - 56 of 251

Thanks explosive for your postings. Looking at what you say, I agree.

The fact that Mike Neville has purchased shares, while they are looking for a replacement, looks very positive to me. The outlook must be bright.

I`ll just keep holding.

explosive - 02 May 2006 19:19 - 57 of 251

Hi Bizpack, one other thing I failed to mention was WTV posted a turnover of 9.6m for '05 against a market cap of 8.76m. This to me indicates a cheap sp especially when theres no news of business decline! Just thought it worthy of a mention..

BIZPACK - 03 May 2006 20:46 - 58 of 251

Explosive, yes I noticed that as well. I also looked at todays trades, having looked at them in detail, it seems to me that the Market Makers are working a large trade, as there were more buys than sells. In addition they are also keeping the spread very wide, to discourage buying while picking up sellers stock cheaply, making a large margin in the process.

Could other directorsbe buying.

explosive - 04 May 2006 18:40 - 59 of 251

Bizpack, could well be a possibility, I think WTV are on the verge of a broker markup as the company moves into profit. Mike Nevilles recent purchase would support this, obviously confident. As soon as either a profit forecast is given or broker markup the bid will increase to 1.25~1.35 and the MM's will cash in against any buy order. For us already in its a milestone hit and maybe a possibility to sell on a high, let the market settle and buy back in....

BIZPACK - 04 May 2006 20:13 - 60 of 251

Disappointing low volume today but you cannot expect otherwise on such a huge spread. 1 - 1.25p 25% before you start, ok you might be able to buy inside the margin @ 1.2p but its still 20% plus costs.

I hope your right but if so I`ll still hang on, in the past I got out, only to see other stocks fly.

good luck if you do.

explosive - 05 May 2006 11:54 - 61 of 251

With the Bissons buy and director buy theres plenty of confidence. Maybe back on a buy for me anywhere below a .92 average. Final results due end of June so plenty of time for MM speculation.

Have a look at the link below, the technology is on our doorstep now so the orders for WTVs podcasting should be picking up.

http://www.world-television.com/intel/

Also if you've never seen any of WTVs work then have a look at the link below,

http://www.world-television.com/casestudies/EN_reuters_livingfast.html

this video was created for Reuters and in 2005 the British Association of Communicators in Business (CiB) awarded this production a Grand Award.

BIZPACK - 06 May 2006 12:50 - 62 of 251

I take it you have sold out explosive, from your last post or part of your holding.

I took a look at yesterdays trades and it looks like that there is strong support at 1.15/1.2p, so I can only see it rising should the FD buy stock, following that of the Chairman. In fact it could have been her buying on Friday to be announced Mon.
Lets hope so, or lets hope she starts to do so soon.

Asia, is a fast growning market and they might have news out soon,in view that Kamera did a deal in Korea not long ago.

Looking at the WTV website, its seems to me that they are suggesting they have some software that is cutting edge, maybe thats the Bisson link. any idea?

explosive - 07 May 2006 18:54 - 63 of 251

Hi Bizpack, sold nope not me, I'll buy below .92 and sell at around 1.7ish should confidence cause the sp to run over a support line of 1.2~1.5. Not sure what the bissons link will bring at the moment if at all anything.

BIZPACK - 08 May 2006 19:44 - 64 of 251

Disapointing volume again today explosive.

One other disapointing thing is, that no other director has followed up behind the Chairman and purchased any stock in the market. As they are not in a closed period, I would have expected the FD to be buying as well.

It is not only directors buying thats needed, it confirmation of a few new contracts that would do wonders for the stock price.

Good to hear your still in, as I really think this will advance before much longer and as we run towards the AGM in July. With the AGM being a live webcast, they will not want a lot of fed up small shareholders giving them a hard time. So I really expect them to give all shareholders some good news before then.

Hopefully, the FD will also buy stock very soon.
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