Been building up a small stake in this company recently.

Current market cap 3.5 million.

This is a business that was acquired for some 40 million from David Sullivan, David has returned to the business to turn it around and he seems to be doing exactly that.

Was only a few years ago this business was making some 5-10p eps, everything seems to be in place, long term debt facilities secured, business is profitable, big
question is how profitable, i think results may well surprise the market in April.

"The Board of Sport Media Group plc (AIM: SPMG.L), the integrated multi-media
group that publishes the Sunday and Daily Sport newspapers and provides digital
content for internet and mobile channels, today reports the following trading
update:
The last five months trading to 31st December continued to be encouraging.
Although daily circulation of the newspaper failed to hold the peak levels of
August, they remained above budget and the Group traded profitably for the
period.
The Board is confident that 2010 will see profitability recover further."

watchout2 - 25 Mar'10 - 14:17 - 1780 of 1780

Strange how you have issues with posters on YCO yet you yourself are happy
enought to ramp your latest pump and dumps everywhere.

share price 2p x 98m ords less than 2 m plus total Debt = a bid price
An increase in 2012 the newspaper side is most likley Olyimpic 40 m paid for news paper, mustbe worth now around 10m a take over price would be paid
the black bird

Bought 0.45% today after that bullish Agm.

Market cap 1.7 mil now, business was bought for 40 million.

Overhang of 6 million shares needs clearing before it moves but at
2p it's only 120k so that can clear soon.

So long as it generates the cash then there should be no problems paying
down their debt burden.

Even bigger recovery stock now but still high risk (dyor).

At the AGM of Sport Media Group plc to be held at 1pm today the following
statement will be made:

The Board is pleased to report that Group performance is broadly in line with
expectations, and positive cash flows are reducing our bank debt.

The daily newspaper has seen a recent improvement in circulation, and we are
hopeful that we can build on this trend as the summer progresses. Various
initiatives, both editorial and marketing, are being deployed, having been
designed to improve both circulation and advertising revenue. The previously
announced strategy to develop our own content generation is progressing well,
and should begin to impact positively in the second half of the year.

Trading in the Digital side of the business remains difficult, with revenues
still declining compared to the similar periods last year, and as a result
additional cost reductions have been actioned. We are, however, encouraged by
the performance of the recently established Telecoms 2 business, where revenues
are growing strongly, albeit on moderate margins, and the cross sell
opportunities to support the newspapers advertisers is developing well.

We look forward to reporting further on progress this year with our interim
results which are due for release in September.

Looks like a 6 month+ wait is finally going to pay off as Lloyds who have been
depressing the price to almost zero are close to running out of stock, looks
like they have about 3.8 mil or less to dump then the price will recover.

Every trade on the Plus market is with Wins and cleared from Lloyds overhang.

250k cleared today.

Just 3 million shares left to clear and a year+ overhang disappears.

Worth waiting for when the price doubled in a day :-))

http://www.bbc.co.uk/news/magazine-12958143