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

its now 3p.. whats going on. I thought this company had good news. i read the mm
. I might as well go to sleep and wait 2 yrs..

how come there so many selling..

Waiting 2 years is probably quite a good idea. Bahader I am sitting on quite a loss, but am going to sit tight. VTB's broker Brewin Dolphin believes that it will come into profit this year. Markets are really bad for small hi-techs like VTB at the moment. Its market cap is only 10m so below the radar of most institutions.
But they have a blue chip client base and are hoovering up smaller companies in the sector. My guess is that a bigger media player will buy them up.
Short term I guess the price may contintue to drop. Last I saw it was 3.25p.
I'd be inclined to wait before buying any more - might be possible to pick some up for <3p over the summer. Depends on interims - half-year end is 30 Jun.

thanks beaufort1, you didn't tell me if your male or female? lol

dont get me wrong ....i think this co is worth holding....i do hold them myself at an average of 5p ....but to think they're going to reach 18p in the near future is unrealistic

Agreed janesteve; but within 2 years I think it's perfectly possible.

Bahader,
Male (middle aged, balding, short-sighted).

As I said on Monday 10% fluctuations on this share.

This share is a LONG TERM bet.

They are growing rapidly by aquisition.

yes, long term, at moment tech shares are NOT doing well but patience. The company got it right. Essential ingredients are there to outperform

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.