Media Wrap: investors tune in to Centaur Media, Coolabi, DQ Entertainment and UBC Media Group

Thursday, Jul 08 2010 by
Media Wrap investors tune in to Centaur Media Coolabi DQ Entertainment and UBC Media Group

Shares in Centaur Media (LON:CAU) jumped by more than 8% to 49.75p on a pre-close statement from the business publishing and information group ahead of its full year results to June 30, which are scheduled for September. Centaur said a recovery in advertising sales had seen revenues up by 10% on the same six months last year, led by strong growth in the marketing and legal sectors. Events also delivered a satisfactory performance while online revenues grew by approximately 15% in the second half. Overall profits are expected to match expectations. Looking ahead, the group said the marked improvement in trading conditions had continued into the new financial year.

Elsewhere, Coolabi (LON:COO), the group that owns, develops and manages high quality children's and family brands and intellectual property, reported that production was underway to bring the much-loved children's literary character Poppy Cat to television screens internationally. In February, Coolabi appointed King Rollo Films Ltd as its animation partner for the 52 episode series, due to air on Nick Jr (UK) in 2011. Strong international pre-sales of the series have already been recorded with sales confirmed to Nick Jr Australia, RTE Ireland, YLE Finland, TV2 Norway, and TVO, SCN and Knowledge Network in Canada. Other international broadcaster partners are expected to be announced in the near future by Cake Entertainment, which has signed a global TV distribution agreement for the series.

Dq Entertainment (LON:DQE), the animation, gaming, live action entertainment production and distribution company, has signed two exclusive broadcast agreements with The Education Broadcasting System (EBS), the Korea based broadcasting company and Canada based Tele-Quebec, for “The Jungle Book”, DQE's home grown 3D animated TV series. DQE’s Jungle Book series has already been secured for television broadcasting in 160 countries while NBC-Universal have secured several important territories globally for home video - sales and distribution. Shares in the company rose by nearly 1% to 116p.

Finally, UBC Media Group (LON:UBC), the multimedia content and services company, said it was now on course to beat profit expectations for the year by about £1m after agreeing an early release with Bauer Radio for its multiplex spectrum contracts which run until 2013. Previously, UBC had to make a series of provisions for the contracts but has now agreed a deal that will see it write back £0.5m as released provision to the profit and loss account and will make a one-off cash payment of £2.2m to Bauer, which was previously provided for. The settlement of the Bauer multiplex contract follows the recent sale of UBC's 7.5% stake in the regional multiplex operator MXR to the Guardian Media Group announced in June, which enabled UBC to release around £0.4m of provision against spectrum contracts on those multiplexes. Collectively these agreements increase the group's net profits and strengthen the balance sheet by £1m. The latest agreement means UBC can get on with focusing on the production of content and the development of interactive software. Shares in the company rose 5% to 5.12p.


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Centaur Media Plc is a holding company. The Company is engaged in the provision of business information, events and marketing solutions to professional and commercial markets. It operates through three segments: Marketing, Financial Services and Professional. The Marketing segment includes all of the Company's brands that serve the Marketing and Creative professions, including Econsultancy, Marketing Week, Festival of Marketing. The Financial services segment serves the retail financial services industry, which includes Money Marketing, Fund Strategy, Mortgage Strategy, Corporate Advisor, Tax Briefs, Headline Money and Platforum. The Professional segment includes four subsidiary markets: Legal, Engineering, Human Resource, and Travel & Meetings. more »

LSE Price
53.25p
Change
0.5%
Mkt Cap (£m)
76.9
P/E (fwd)
18.7
Yield (fwd)
5.4


7digital Group plc, formerly UBC Media Group plc, is a business-to-business digital music and radio services company. The Company is engaged in the provision of technical infrastructure and music rights used to create music streaming and radio services for a range of customers, including consumer brands, mobile carriers, broadcasters, automotive systems, record labels, artists and retailers. It also offers radio production and music curation services. The Company's segments include Content, Licensing and Creative. The Content segment is engaged in the sales of digital music direct to consumers. The Licensing segment is engaged in the creation of software solutions for managing and delivering digital content. The Creative segment is engaged in the production of audio and video programming for broadcasters. The Company's services include streaming, downloads, radio solutions, production and promotions. more »

LSE Price
1.05p
Change
-2.3%
Mkt Cap (£m)
4.2
P/E (fwd)
1.2
Yield (fwd)
n/a



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