Thread: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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Old 19-03-2008, 13:59   #1436
AlexanderHanff
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Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
Quote:
Originally Posted by lostandconfused View Post
True. But if you take a longer term view, the share price at the moment is about the same as it was a year ago. i think their share price needs to drop further before they will seriously consider moving out of the UK market.
Well if their Interim Accounts are anything to go by for 2007 they are looking at a pretax profit of -16.3M USD. The filed pretax profit for year ending 2006 was -11.54M USD, in fact I can't as yet see any point where they have made money.

And still the share price continues to phall. I haven't done an accurate calculation, but a quick glance of trades so far today show something in the region of £500 000 worth of shares dumped back onto the market. Shorter's seem to be jumping in now, there was just a trade for 9k shares at £164k.

[Edit]
Just done a quick set of sums and so far something like 67512 shares have dumped on the market since trading started this morning. At the current mid price of 1775 thats a staggering 1.19M GBP worth of dumped shares in just 6 hours. It will actually be higher than that because most of the sells were between 1775 and 2050 but I chose the mid price to be phair.

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