Doshmaker
- 08 Jan 2004 17:07
Plenty of speculation regarding this share at the moment, rumour of it being mentioned in Investors Chronicle on Friday. Possible RNS's on the way. Takeover talk. Surely a buy at these prices. Charts indicate next move should be north. Get in as soon as possible before you regret it.
chrismeakin1
- 08 Jan 2004 19:18
- 2 of 29
Has anyone noticed that VTB (also YOO and PXC) seems to spend the whole day at one price and then increase by .25 at the close ? Is this a ploy to keep us happy, even though we can'T (not that we would !!) take advantage of the higher price. My portfolio seems to overnight about 600 more than it is during the day.
skyhigh
- 09 Jan 2004 12:55
- 3 of 29
Well, the IC mention didn't happen... whats next ?
Still worth getting into though,,, good news just round the corner...
Doshmaker
- 09 Jan 2004 13:18
- 4 of 29
Could be set for real take off, if unsure and waiting for fall, I would say unlikely, my advice is get in now.
laurencecope
- 09 Jan 2004 15:34
- 5 of 29
RNS Number:0684U
Virtue Broadcasting PLC
09 January 2004
VIRTUE BROADCASTING PLC
9 January 2004
ACQUISITION UPDATE OF KAMERA HOLDINGS AB
Virtue Broadcasting Plc ("Virtue") announces today that all of the conditions of
the acquisition of Kamera Holdings AB ("Kamera"), which was announced on 27
November 2003, have been satisfied and that the purchase is now declared
unconditional in all respects.
As previously announced Kamera had an outstanding rights issue to raise between
420,000 and 600,000. This rights issue was closed on 18 December 2003 raising
a total of 599,000 before expenses. In addition, on 9 January 2004 Virtue
received notice that Kamera's outstanding bridging loan of 80,000 had been
converted into ordinary shares in Kamera. As a result the final consideration
payable by Virtue will comprise 43,770,247 ordinary shares of 0.1 pence each,
subject to rounding adjustment for part share calculations, and 100,000 in
cash.
To date Virtue has received valid acceptances of a total of 1,038,360,577 Kamera
shares, representing 90.8 per cent. of the Kamera share capital after the rights
issue and conversion of bridging loan. As a result the Board of Virtue has,
today, authorised the issue and allotment of a total of 39,762,200 new ordinary
shares of 0.1 pence each in consideration. Application will be made for the new
shares to be admitted to AIM and trading in the new shares is expected to
commence on Friday 16 January 2004.
The offer to purchase the remaining Kamera shares has been extended and will
remain open for acceptance until 30 January 2004. Kamera shareholders who have
not yet accepted the offer are urged to complete and return their acceptance
forms and supporting documentation as soon as possible. After this time, as
Virtue now controls greater than 90 per cent. of the share capital of Kamera, it
is its intention to acquire compulsorily the remaining shares in Kamera under
the provisions of the Swedish Companies Act ("Aktiebolagslagen").
"We are delighted that the Kamera shareholders have accepted our offer", said
Mike Neville, Chairman of Virtue, "the management teams now look forward to
integrating the two businesses as quickly as possible to achieve the maximum
synergies".
ENDS
For further information please contact:
Virtue Broadcasting Plc
James Ormondroyd, Finance Director
Tel: +44 (0) 20 7785 6000
Kamera Holdings AB
Fredrik Ramberg, Chairman
Tel: +46 (0)8 546 546 00
Doshmaker
- 11 Jan 2004 20:51
- 6 of 29
For those chart experts amongst you, take a look at VTB. Looks likely to be set for a significant breakout in the very near future, especially with the Kamera Holdings deal pretty much complete - please DYOR though.
apple
- 23 Jan 2004 10:10
- 7 of 29
Opened slightly down this morning.
Buying opportunity so I took it.
Good writeup today on
http://www.lemminginvestor.com/
http://www.lemminginvestor.com/VirtueBroadcasting.htm
"Virtue's service does not require any investment in server hardware, software installation or maintenance by the customer. In other words, companies can perform web-casts directly and at short notice without the need to set up a complex infrastructure, and incur costly hardware implementation and maintenance."
apple
- 23 Jan 2004 12:33
- 8 of 29
beaufort1
- 23 Jan 2004 15:44
- 9 of 29
Thanks Apple - good post. The Lemming article is very positive indeed (?written by the Company??). It obviously had the desired effect - VTB shares have suddenly jumped 9.5% on the day to 5.75p.
Like you Apple I took the opportunity to top on the dip this morning at 5.25p (having sold out of ZOO at a thunking great loss after the profits warning): glad I did!
Have a good weekend folks.
apple
- 23 Jan 2004 16:49
- 10 of 29
UP 9.5% today
apple
- 06 Feb 2004 08:09
- 11 of 29
Sudden increase in trading volume (nearly all BUYS) at market open.
skyhigh
- 06 Feb 2004 08:18
- 12 of 29
Looks good. What's it all about? Speculation on bid approach ? Better figures in next results etc..
apple
- 06 Feb 2004 08:23
- 13 of 29
skyhigh
Reason Unknown as yet.
If anyone has heard anything please let us know.
AdieH
- 06 Feb 2004 08:44
- 14 of 29
Rumours of an approach, no concrete details yet but could be good for us holders.
Barking Crazy
- 06 Feb 2004 10:29
- 15 of 29
http://www.thisismoney.com/20040205/si73954.html
This article has probably helped.
apple
- 06 Feb 2004 10:33
- 16 of 29
skids
- 06 Feb 2004 11:09
- 17 of 29
Perhaps best to avoid at the moment. IMHO.
apple
- 06 Feb 2004 13:54
- 18 of 29
skids
I've been in this 1 for a while & am in profit.
ricardopage
- 06 Feb 2004 14:19
- 19 of 29
skids,
I suggest you read the article again.
skids
- 06 Feb 2004 15:05
- 20 of 29
apple,
I also held, but sold at 6.1p through fear of more share issues dilluting the price. VTB have been around for a while now and have great clients, but I can't see the value. Is probably my inexperience (as I'm fairly new to this). Originally I thought VTB would benefit from patents on music via the web, but they seem to have focused on webcasting instead of media sales.
My stance is to wait and see what happens. Alternate views pls.
skids
apple
- 06 Feb 2004 15:47
- 21 of 29
skids
IMHO webcasting is the right decision.
Music via the web is for the big boys & the free downloaders to fight over.