results out on friday and tipped in shares mag in august. one i have had my eye on for a while and hopefully will come good in the near future.

hears the article:

Apace Media (APA:AIM) 0.45p
Could this be that elusive golden nugget? Apace owns intellectual
property rights to hundreds of hours of sports and lifestyle
programmes which are sold all over the world. It also doubles as a
production company and has recently entered the new and
potentially lucrative area of branded television, where a
company finances productions to have its brand plastered
all over it.
Chairman Didier Stoessel reckons he is not bothered
about the share price as the company has loads of cash.
Only recently formed after a reverse takeover, Apace has
not yet marketed itself to institutions, apparently.
Stoessel says the company is profitable, has no debt
and will be making some acquisitions this year and will be worth
50 million before long. Stranger things have happened

some good results today and a nice rise which should continue into next week once people see the results over the weekend.

Regrettably, the announcement flag for all three of today's RNSs was absent from the monitors, so many here may have missed them.

www.uk-wire.co.uk carries them.

Two new directors with extremely impressive credentials.

another small rise today (2.5%) on low volume. im getting more and more confident about this one with the more research that i do.

another positive RNS today and we get......nothing.......a strange one this. still holding and still confident for the future.

Media matters

Sunday October 23, 2005
The Observer
Musical gold mines in the East

He's a busy man, Didier Stoessel. The 41-year-old Frenchman is fresh from doing a media-rights deal in Bulgaria with his company, Apace. Already Apace is looking at another rights deal in eastern Europe, and is still finding the time to take a careful look at Television Corp, maker of the David Blunkett drama documentary A Very Social Secretary

Apace has bought a stake in MM Televizia, a Bulgarian music company which also owns TV production facilities and two channels. As the country's leading pop music channel, it is set to gain from an expected 20 per cent growth forecast for advertising sales this year.

Stoessel, below, former chief executive of HSBC investment bank, is also thought to be close to a deal in the Czech Republic, where cable TV penetration is low but growing.

Since founding Apace in 2002, Stoessel has focused on buying under-valued media rights and distribution companies, as well as archives and back-catalogues, across Britain and Europe. He believes there is still significant value to be had in parts of eastern Europe, but that some countries, such as Poland, are already becoming too expensive.

He also believes the Romanian market will be ready for western partnerships in 2007.

But will he bid for TV Corp? The company admitted a couple of weeks back that it had received an approach from a potential buyer, widely thought to be its Welsh rival Tinopolis. There was a fairly hefty price tag of 38 million put on TV Corp. Stoessel will say only: 'We will take a look at it, along with some others, I would think.'

But he may have already had the pick of the TV Corp personnel. Just last month Stoessel announced that he had hired Christopher Rowlands and Charles Thompson from the TV Corp board.

Re: the EGM



Introduction

Since the reverse takeover of FTV Group plc completed in April of this year, the Board has commenced a programme of acquisitions, the first being the acquisition of MM Televizia OOD in Bulgaria. The Company is also investing in its Branded Content businesses and, as recently announced, in new television ventures.

The Directors intend to continue these strategies, as indicated in the interim results released on 30 September 2005, and therefore require Shareholder approval to an increased pool of shares available for acquisitions and to issue for cash.

In addition, the Directors are proposing the Capital Reconstruction as described in more detail below.

The purpose of this document is to explain the background to the Proposals and to seek Shareholders' approval of the Resolutions to be proposed at the EGM, notice convening which is set out on page 6 of this document.

Capital Reorganisation

The Company has decided to effect the Capital Reorganisation as further described below in order to make the shares more manageable in terms of the number of shares in issue and to make the pricing of the shares more attractive to potential investors.

Also, the Company's middle market share price, as at the close of business on 11 October 2005, the latest practicable date before publication of this document, was 0.88p, with a 0.75p 1p bid/offer spread. We hope that the Capital Reorganisation will have the effect of reducing the bid/offer spread in the Company's shares, which the Board believes currently hinders trading in the Existing Ordinary Shares

news of a further acquisition today:

http://www.companyannouncements.net/cgi-bin/articles/200511010700154220T.html

julian 1976: APA has been climbing up my bottom fisher's watchlist and is now exhibiting all the elements I like to see in a recovery stock: 99% fall from grace, long sp basing area, reverse take-over, sp consolidation, hyperactive new management with big personal stakes and now on the acquisition trail. It's all looking very promising, even showing faint signs of recovery. I'm planning to come aboard when funds are released from other stocks, so I hope you will keep up the news-flow.
Prosperous New Year to all and I think this one offers a chance to help that prospect.
sd.

APA still in downtrend and at this rate should reach 15p at which price the directors took up their massive stakes. Might soon be the time to get aboard.

Looks like recovery may be under way.

Superficially, looked like a good day for APA with a 9.5% rise, but the spread is 16% and most of the trades were sells @ 21/22, so is it just a mirage.

What's the latest on APA? Set for a rise or dip?