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

Grim isn't it !
No good news coming out as all... company drifting

25 new shares for every 40000 and a move to aim.

http://moneyam.uk-wire.com/cgi-bin/articles/20060630140803W2236.html

Only approx 5500 shareholders left after that Driver! I must admit I hate consolidation, it really takes the piss, but in this case I accept it is the only thing to do now. I had already reduced my holding to just 500k so I will have 312 after consolidation.....wow! Mind you, I had 120 QXL after consolidation and look at the price now; a pity I sold at 8!!!!!
kim

Thanks Driver-good job Alan's on holiday! I had hopes this one was about to turn the corner now I feel the small shareholders have been shafted. I had this one in my ISA so have lost out twice. Only hope is that the shares will be more liquid and the new CEO will work miracles. at first I thought dump the lot but I probably won't be able to sell and now Kims remark about QXL made me think on--I owned QXL long ago and sold them at a loss not even 8 !!

I think Alan sold out; it does make you wonder with the size of China what this company is doing all we can do is bottom draw and hope for the best.

kim,
dont feel bad i will only have 3.75 shares after consoildation!

I'm afraid that will go down to 3 Robertalexander! But unless your shares are held by a nominee, as mine are, you will be able to vote at the next AGM!! I may only get 300 shares if they ignore half shares, I wouldn't put it past them; oh well, who knows what good things might happen in the future - 1 for 1 rights issues, stuff like that!! Stick 'em in the bottom drawer as Driver suggests.
kim

similiar thing happened with WGT... they went down and down, then changed to Speymill,, with all the changes they made and dilutions/consolidations etc they were about 14p at the start of the new set-up and are currently now 64p.. they had been as high as 90p so, as Kim suggests, you never know what might happen in the future... this could turn out good!?.....imho.... I'll continue to hold as not worth selling anyway!

Will i get cash for the 0.75 bit of the consolidation.
is it worth trying to buy 10000 shares just to make up the other 0.25[to make a whole share]. i dont think so, as it would cost me more in fees than the trade is worth.[ what is the predicted SP of the new share?]
i have put these down to a high risk experience[preferably not to make same mistake twice] and i am just ignoring them until such a time as they become worthwhile paying the trading fees to sell[if ever].
they are held in a nominee a/c too.
Alex

On present sp I would estimate that the new shares will trade at around 38p Alex, so I'm afraid that your .75 will go into PCM's bank account :-( You have to loose every now and then to keep up the law of averages! There isn't a share in existence that does not carry a risk, obviously penny shares are the highest risk, but by their nature they are also the most exciting and can certainly be the most rewarding to those in the right place at the right time. Never risk what you can't afford to loose, but don't give up!
kim

quite large buys going through today -can it mean all is not lost in this one??

editted/
re read the offer. it reads 25 new shares for 40k not 1 for 40k.
so i will get 93[.75] shares not 3.75 @ 38p gives me 35.34 net

Get the champagne on ice Alex!
kim

Kim,
how about a four pack of Ace lager as that is prob all i can afford after trding costs.... LOL
Alex

Yes Alex, that would probably last longer anyway! Optimism is the way forward, this time next year you may well be looking at 2 x a four pack of ACE.
kim

up 16% why would anyone be buying??

Just back from a hospital opp I see pcm-doing OK

Take it easy Driver, hope you recover quickly. Nice to see the sp going the opposite way to most of the others!
kim

kim
Cheers kim it was nothing serious just a back operation.

Erm, that sounds serious enough to me! I had a discectomy 10 years ago, it went 100% wrong, a life changing experience!! Fortunately I did not end up in a wheelchair but it was a pretty close thing; I'm restricted in what I can do now but it doesn't stop me trying to do things I was told I would never be able to do again. If your op was similar I would advise you not to overdo things for a while!
kim