have we got anybody out there holding this stock or am i the only one...really like this one ...have been holding for quite a while....cant work out why it keeps going down though...hasnt brought out any bad news although like many small stocks is news driven and whilst it doesnt bring out any news it flounders a bit....but saying that it has got very cheap now ....moneyam seems to have trades wrong though....i would say theyre buying for 4.12 and selling for 4.06 at the moment but most trades appear as sells....your thoughts would be appreciated

In this morning's FT, stock market report says VTB was down yesterday on rumours of a deal in Australia.

In this morning's FT, stock market report says VTB was down yesterday on rumours of a deal in Australia.

The deal has been announced this morning....looking good. VTB still has 3m available for further aquisitions (wouldn't surprise me to see more in next couple of weeks)
VTB is also a good takeover target.. SP has ticked up this morning, It's all looking good...good time to top up (IMHO, DYOR,PYO)

http://moneyam.uk-wire.com/cgi-bin/articles/200405280700051804Z.html

Very good news!

The tree has been shaken, the loose leaves have fallen off, a bit more shaking is due before it grows again. Hold. Plenty of goings on to make this one shoot up this summer.

Looks to me like it could fade in the summer sun unless they pull off a deal worthy of the 3 million.

Virtue Broadcasting PLC
02 June 2004

Embargoed Release: 07:00hrs Wednesday 2nd June 2004


Virtue Broadcasting Plc
('Virtue' or the 'Group')

Vodafone Contract

Virtue Broadcasting Plc is delighted to announce that it has won a contract from
Vodafone Sverige AB for the provision of mobile content services, over an
initial period of 1 year. The contract, which has been awarded to the Group's
Swedish subsidiary Kamera Holdings AB, will generate revenues of at least
300,000 and demonstrates the huge appeal of Virtue's online and mobile video
solutions to multi national companies such as Vodafone.

Over the past year the Board of Virtue has actively sought consolidation in the
online communications sector and has successfully completed and integrated
several acquisitions into the Group. The reason for pursuing this strategy was
clear. Operating within the highly fragmented market it was felt that there was
a strong customer desire for the emergence of a single leader who could supply a
truly global online communication solution for intranet, web or mobile
distribution. The decision by Vodafone to use Virtue demonstrates that companies
that successfully consolidate in the sector will become the preferred choice of
the larger blue chip organisations for the supply of online communication
solutions.

Mike Neville, Chairman, commented:

'This is a significant milestone for the Group and is the result of a great deal
of hard work that has progressed the Group into the forefront of the online
communications sector. I am delighted to have received the endorsement from
Vodafone and believe that this is testament to the depth of experience of the
team at Virtue and the appeal of our integrated global approach to online
communication solutions.'


-ENDS-


For further information please contact:

Virtue Broadcasting Plc
James Ormondroyd, Finance Director
Tel: +44 (0) 20 7785 6000

Hansard Communications
Andrew Tan
Tel: + 44 (0) 20 7245 1100



This information is provided by RNS
The company news service from the London Stock Exchange

Thanks barnymam

I hadn't noticed that RNS

Anyone get the feeling that all those shares issued a short time ago are holding this one back? Maybe once the slack has been taken up this one will rise. Good news though seems to be coming through more often recently with this one.

tbrooking66

At least those shares didn't dilute the value of the others because the were used for aquistions & the aquistions are doing very well.
eg. this morning's RNS.

mentioned positively in the results section of shares this week

Sorry started a new thread, did not see this, check this out, thanks to GORDGEKO for the figures:

2004 REVENUE AS I SEE IT:

3.2m sales (from Q3,Q4 2003 figures)
2.0m 12 months sales Kamera (from this aquisition RNS)

0.15m 6 months sales from Foroso (from aquisition RNS)
0.21m 6 months sales from Webcom (from aquisition RNS)
0.20m 6 months sales from AnnounceTV (from aquisition RNS)
0.15m 6 months of VOD Contract with Kamera (from RNS)
0.05m 6 months BT Global contract with VTB OZ (from RNS)

TOTAL FULL YEAR REVENUE FROM ABOVE KNOWN SALES: 5.96M, However current organic growth is running at 42%, with a record Q1 2004 I see no reason why this will not continue, however I will be prudent and say organic growth will be no more than 25%, this adds an additional 1.49m to 2004 sales, giving a total of 7.45 million.

Costs on the other hand have been slashed, with the integration of Unit.net and bigstream being successfully completed in 2003 we start the year before further aquisitions with a cost base of 3.2m, the additional aquisitions of Kamera, Webcom, Foroso and announcetv should integrate well into the VTB platform, so savings on infrastructure and offices should be good. However as a company grows it cannot keep shedding staff, particularly sales staff, so I am calculating that VTB will see a 50% increase in fixed costs for 2004 taking the cost base to 4.8 million in 2004.

2004 Sales 7.45m less costs of 4.8m, leaves a profit of 2.65m for the full year 2004.

The above profit figure obviously does not take into account additional aquisitions that by and large should go straight to the bottom line depending on their geographical location.

VTB doing the business for EMI last week:

http://cm01.vavos.net/xl?preid=40153

Thanks gemfinder!

Very useful post.

VTB also handled News Corporations announcement of re-incorporation in the USA from Australia
- see www.virtuebroadcasting.com

Brewin Dolphin's estimate (as at 31/03/04) of sales for y/e 31/12/2004 was 6.5m. Adding in the new income streams set out in gemfinder's post comes to 7.26m - pretty close to gemfinder's 7.45m. For the record BD was forecasting PBT of 0.1m for 2004.

I think BD are about to do an updated note on VTB. Don't know if anyone has seen it...

This week is the time to get severly into VTB and CYH - forget the spread - the rewards is there when the results are out

VTB share price suffering today. I think the share overhang/dilution from the recent placing is weighing on the price

Very interesting scenario building up here, large broker to broker trades, the MMs dropped the bid dramatically, then dropped the offer. If you look at the trades there were millions of BUYS at these low levels. The total volume of shares traded was one of the highest ever for VTB at almost 5 million (hardly any sells showing up)! There is BB rumour that the trades didn't go the MMs way. Only yesterday a poster on ADVFN put forward a chartists view that VTB was following the 'falling wedge' formation with resistance begining to show around the 3p mark and a breakout about to occur any day soon. Hopefully this is the case as it is quite possible a massive reversal is about to occur (not sure what may trigger this though). Watch this space could be a very interesting week for VTB. My advice is purely watch the radar nothing more than that.

I must say that I didn't see too many buys today. I did see 5 MM to MM SELLS at the bid plus several very large trades that looked like SELLS. It appeared that sells outnumbered buys at about 4 to 1.

This still looking very weak. It may have a lot to do with the tremendous amount of share dilution that there has been due the recent cash calls.

VTB has also been on a buying spree and until these purchaes pan out there may be some scepticism about their profitability.