Motive Television PLCHalf Yearly Report 30 June 2007Chairman's StatementI am pleased to announce Motive Television PLC's ("Motive" or "the Group")
results for the six-month period ended 30 June 2007.
HIGHLIGHTS - Turnover increased by 163% to 1,462,000 compared to the
six-months 30 June 2006
- Group losses reduced to 182,000; (2006: 197,000)
- Cash at bank and in hand up 80% to 1,464,000 (2006: 813,000)
- Four operating companies now acquiredOVERVIEWMotive Television is now a growing group of four young television production
companies, led by talented and ambitious producers. The Group is now
well-positioned to take advantage of growing demand for content and to
participate in the continuing consolidation of the independent television
production sector.
During the period the Group continued to seek out opportunities in the UK
independent television production sector and was in active discussions with a
number of companies. However, the Group did not complete these transactions
owing to continuing high price expectations in the early part of 2007.
Accordingly, as announced, the Group extended its strategy to include the
formation of start-up companies, the first of which, Luminous Productions Ltd,
led by distinguished entertainment producer Cillian de Buitlr, was
established during the period. Whilst such start-ups will require funding
during the early stages the board believes that this strategy presents better
long-term value than over-paying for established companies.
As announced on 21 August 2007 the Group acquired a 50.6% interest in
Manchester-based Scarlet Television Ltd for a purchase consideration of
14,999. Led by award-winning producer Paula Trafford, Scarlet was established
two years ago and has already produced many highly-regarded programmes for a
wide range of UK broadcasters, including "Diana's Last Summer", shown recently
on ITV 1.
Motive is now well positioned to expand and has: - four operating subsidiaries.
- expertise in comedy, factual, factual entertainment,
multi-cultural, sports and entertainment shows - representation in three main centres, Dublin, Manchester and
London - an active customer base that has expanded to include all the major
UK and Irish broadcasters as well as overseas broadcastersThe board will continue to keep central overhead costs under careful review,Cash at bank and in hand at the end of the period was 1,464,000. Interest on
cash balances of 16,000 was received during the period.

The granting of options at a premium also makes a nice change.

started a new thread guys with loads of links.A COMPANY MAKER AND NOT A SUB PENNY SHARE FOR LONG

Whats wrong with this thread..?

mitzy look at the links i have put in .motive tv have moved into a different field anything here is irrelevant.

a taster ive linked loads on the new thread. http://www.free-press-release.com/news/200905/1242570827.html

mitzy+still waiting you are welcome too put my links on advfn and iii i have done the research.when a microcap makes a deal like this it takes a while too sink in.it has even made the gaurdian.

and the telegraph. http://telegraph.uk-wire.com/cgi-bin/articles/200907300800015320W.html?epic=MTV

Has it..?

mitzy go too the new thread i started worldwide press /asia/china/north america/europe.this is a MASSIVE TIE UP.with a major back up companies who have major presence worldwide

http://www.moneyam.com/InvestorsRoom/posts.php?tid=14307&from=1&to=500