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

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.

VTB is now oversold and bound to bounce back, time to top up.

Make your own minds up boys and girls these are the trades for the day....

Todays trades on VTB

BUY = 1,254,000 shares
SELL = 717,000 shares
Mid prices trades
? (decide for yourself whether they're buys or not)= 2,550,000

0012PKFD04 3 16:07 500000 2.75 3.25 ?
203FZODJ04 3 16:04 500000 2.75 3.25 ?
0012PHD904 3.25 15:59 76923 2.75 3.25 - BUY
203FZJC504 3.25 15:58 65000 2.75 3.25 - BUY
303IDDDA04 3 15:53 180000 2.75 3.25 ?
0012PGCW04 3 15:51 100000 2.75 3.25 ?
203FZJB604 3 15:50 20102 2.75 3 - BUY
102GCGCA04 2.9 15:46 256992 2.75 3.25 ?
203FZIAS04 3 15:46 333300 2.75 3.25 ?
102GCHBN04 2.9 15:45 100000 2.75 3.25 ?
203FZNBF04 2.97 15:43 50000 2.75 3 - BUY
0012PJB004 2.97 15:36 20000 2.75 3 - BUY
102GCHAH04 2.96 15:33 44000 2.75 3 - BUY
203FZN9804 2.92 15:26 150000 2.75 3.25 ?
102GCJ8N04 2.97 15:26 200000 2.75 3.25 ?
0012PN8I04 3.1 15:26 125000 2.75 3.25 - BUY
0012PJ9T04 3 15:26 180000 2.75 3.25 ?
303IDF1804 2.82 14:26 19656 2.75 3.25 - SELL
102GCK2204 3.12 14:22 110005 2.75 3.25 - BUY
102GCN1M04 3 14:19 50000 2.75 3.25 ?
303IDD1N04 3 14:18 50000 3 3.25 - SELL
203FZJ2004 3 14:18 50000 3 3.25 - SELL
303IDC2604 3 14:18 50000 3 3.25 - SELL
102GCK1V04 3 14:18 100000 3 3.25 - SELL
0012PF1304 3.25 13:40 7347 3 3.25 - BUY
0012P1VK04 3.22 12:48 5000 3 3.25 - BUY
102GC3QN04 3.1 12:03 20000 3 3.25 - SELL
102GC4PH04 3.04 11:49 33096 3 3.25 - SELL
0012P3HU04 3.25 10:29 19251 3 3.25 - BUY
0012P1CQ04 3 09:42 120000 3 3.25 - SELL
303ICGCC04 3 09:42 130000 3 3.25 - SELL
303ICFBD04 3.2 09:39 50000 3 3.25 - BUY
102GBZBJ04 3.2 09:39 50000 3 3.25 - BUY
0012OZC804 3.25 09:28 50000 3 3.25 - BUY
102GC1AC04 3 09:19 20000 3 3.25 - SELL
303ICE9Y04 3 09:15 25000 3 3.25 - SELL
0012P19Z04 3.25 09:13 40000 3 3.25 - BUY
0012P57V04 3.25 09:03 50000 3 3.25 - BUY
102GC26404 3.25 08:44 50000 3 3.25 - BUY
102GBY7004 3.25 08:43 100000 3 3.25 - BUY
203FYL3G04 3.04 08:16 100000 3 3.25 - SELL
102GBZ3H04 3.25 08:12 40000 3 3.25 - BUY
102GC13I04 3.25 08:11 50000 3 3.25 - BUY
303ICK2L04 3.17 08:05 200000 3 3.25 - BUY
0012P21I04 3.17 08:01 32000 3 3.25 - BUY

That is not a very useful picture of the trades as the trade types are not there so you cannot see the 6 MM to MM sells or the 'L' trade. The 6 MM to MM sells account for 350,000 by themselves.

The fact is that VTB was down 7.7%. That really doesn't equate with 2 to 1 buys as you are showing does it?

The flagging of the trades as buys or sells above is always unreliable due to trades being reported late when a price is falling making the trades look like buys. I am still of the opinion that sells ourweighed buys about 4 to 1. The alternative makes no sense at all.

Haystack, you are amazing.

People i don't post much but watch out, this person has been deramping this stock on other bb's. Check out the thread on advfn.

What you mean is that I have been posting negative comments about it such as:-

The falling share price.
The heavy dilution of the shares due to several cash calls in a row.
The spending spree of buying companies before the ones already bought are integrated into the company.
The rate of purchase of other companies makes VTB very difficlut to value as their results are always very different from the business at any time.

Just look at the chart. It speaks for itself.

haystack, VTB has to be look as a long term not short term like u doing, yes the shares have suffers as so others in the same sector, it is being oversold. the spending spree can be justified as it is buying companies with a good portfolio of clients and in profit, most importantly it is creating a monopoly and getting to areas of growth. I feel this is a top up time. Give it 2 years and u'll have in double digits. If u can wait longer then sell your stake. IMHO

A major rumour doing the rounds is that Marlow property is let from August 1st. This move 1m plus across the balance sheet into positive territory. Basically its like having another placing but without any dilution. The Marketmakers obviously got wind of it and want some stock.

There are a few derampers of VTB, Haystack is one on here and ADVFN.

Be aware - there could be a big buy order going through that will not come out until its complete, and the MM's are lapping up the cheap shares to fill it - (a large sell order does not have the same effect as we are seeing).

VTB is an excellent long term growth stock - BUY

Marlow rumour is also on the ADVFN website