PCG Entertainment

PCGE: 0.17 0.01 (▲3.23%)

Delayed:2017-03-27 15:13:54
Bid Price 0.15 High Price 0.17
Ask Price 0.17 Low Price 0.14
Open Price 0.15 Spread 12.50%
Prev Close 0.16 Volume 106,537,611.00

PCG Entertainment Share Price Chart

Intraday

Historic - 1 year


PCG Entertainment Share Price Information

Name PCG Entertainment Epic PCGE
Sector Travel & Leisure ISIN GI000A1171Y8
Activites PCG Entertainment plc is a Gibraltar incorporated holding company which, through the PCGE Group, via a wholly foreign owned enterprise structure and variable interest entity arrangements over a PRC subsidiary, Sihai Geju, holds four licences relating to the operation of online games based in the People's Republic of China. Initially, the Group intends to seek PRC governmental and local authority approval to utilise the Licences in partnership with two Hainanese firms, Hainan Huan'ao Culture Media Co., Ltd. and Hainan Huan'ao Sports Industry Co., Ltd., to hold online poker tournaments and create national lottery products including lottery games. The Group also intends to exploit the Licences to expand the Group's business into premium rate telephony, virtual currencies and the distribution of games and other media through the internet and other channels. These channels may include broadcast, print and mobile and other areas where the Directors believe that there are opportunities to grow shareholder value. Security Type Equity

Key numbers

Latest Share Price (p) 0.16 Net Gearing (%) 14.27
Market Cap (£m) 3.00 Gross Gearing (%) 15.99
Shares in issue (m) 1,874.94 Debt Ratio 0.00
P/E Ratio -0.89 Debt-to-Equity Ratio 0.00
Divs per share (p) 0.00 Assets / Equity Ratio 1.19
Dividend Yield (%) 0.00 Price to book value 0.23
Dividend Cover 0.00 SROCE (%) -15.88
Earning per share (p) -0.18 EPS Growth (%) 83.33
52-week high / low (p) 1.43 / 0.09 DPS Growth (%)

PCG Entertainment Broker Views

Date Broker Rec. Price Old target price New target price Notes
01 Feb Beaufort Securities Speculative Buy 0.17 Reiterates
01 Oct Beaufort Securities Speculative Buy 0.17 Reiterates
12 Aug Beaufort Securities Speculative Buy 0.17 Reiterates
05 Dec Beaufort Securities Speculative Buy 0.17 Reiterates

PCG Entertainment Director Deals


PCG Entertainment Company News

PCG Entertainment raises £350,000 at 0.14p/shr

PCG Entertainment has raised £350,000 in a placing of 250m new shares at 0.14p each, the proceeds going to general working capital.

It further said that, on March 15, PCGE served notice of termination on Electric Warrior Ltd, which is the consultancy company providing Nick Bryant's services to the company.

"Under a power of attorney granted under the consultancy agreement the Company can remove Mr Bryant as a director of any group companies."




At 9:18am: (LON:PCGE) PCG Entertainment Plc share price was -0.05p at 0.15p



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FTSE zips north as miners soar; BoE rate call in focus

London shares zipped north on surging miners in the aftermath of the much-anticipated US Federal Reserve interest rate hike last night, and as views continued that Bank of England would hold its rate unmoved at midday.

Not too long after the open, FTSE 100 was up 51.87 points, or 0.7%, to 7420.51, while FTSE 250 was up 95.33, or 0.5%, to 19,059.3. If these rising trends continued today, both indices had potential to hit record closing highs, again.

At 8.38am, both grades of crude oil were up more than 1%, with the prices of gold, silver and copper performing particularly well, too. Big-ticket miners were obvious beneficiaries, with the top seven blue-chip risers all being from this sector.

Anglo American (AAL) was up 7.81% to 1287.75p, while Fresnillo (FRES) added 6.19% to 1543p and Antofagasta (ANTO) firmed 5.46% to 850.5p. Glencore (GLEN), Rio Tinto (RIO), BHP Billiton (BLT) and Randgold (RRS) all rose between 3.98% and 4.99%.

Oil majors BP (BP.), up 1.09% to 461.1p, and Shell (RDSA), up 1.66% to 2131.75p, firmed alongside the price of crude oil. Gains among other blue-chip risers were vastly more muted, among them multiple banks, pharmas, utilities and commercial property.

To the limited downside the pack was led by Direct Line (DLG), down 3.58% to 333.9p, and Merlin (MERL), down 2.54% to 483.7p. Supermarkets were in negative focus with Tesco (TSCO) falling 0.45% to 188.55p, followed by Morrisons (MRW) and Marks & Spencer (MKS).

Sainsbury (SBRY), down 0.7% to 269.5p, said its combined like-for-like (LFL) sales with Argo were up 0.3%, excluding fuel, in Q4, but in isolation the grocer's LFL retail sales without fuel were down 0.5%. For Sainsbury alone in the FY, its total retail sales growth excluding fuel was down 0.4%, and on a LFL basis was down 0.6%.

BIGGER MOVERS

Nyota Minerals (NYO) fell 45% to 0.03p after its shares resumed trading on AIM, and as the company terminated a proposed reverse takeover of Bigdish Ventures Ltd.

PCG Entertainment (PCGE) fell 24.39% to 0.15p as it raised £350,000 in a placing of 250m new shares at 0.14p each, the proceeds going to general working capital.

China New Energy (CNEL) rose 13.73% to 1.45p after confirming it continued to perform well in the second half and expected revenue for the year ended 31 December to have risen to about RMB72m.

Seeing Machines (SEE), down 12.12% to 3.63p, has reversed to an H1 pretax loss of A$14.1m, from a year-earlier profit of A$11.3m, with revenue coming in materially lower as the company moved to a royalty arrangement with Caterpillar, from a direct-to-market model.

LONDON HIGHLIGHTS

Amerisur Resources (AMER) rose 9.64% to 22.75p on confirming working-interest acquisitions in the Caguan-Putumayo basin from Meta Petroleum Corp and Pacific Stratus Energy Colombia Corp, both of these firms owned by Pacific Exploration and Production.

Capital Drilling (CAPD), down 5.71% to 49.5p, said its after-tax net loss narrowed to $4.8m in the year to end-December, down from $10.2m last time, and announced a phased strategic investment of up to $3.8m in private laboratory testing services firm A2 Global Ventures Inc.

Allergy Therapeutics (AGY), up 3.2% to 28.25p, has recruited the first patient in its phase III study designed to evaluate the efficacy and safety of its ultra-short course, aluminium-free Pollinex Quattro Birch immunotherapy to treat allergic rhinoconjunctivitis due to birch pollen.

Rotala (ROL), up 2.94% to 52.5p, has won a series of new contract with Transport for the West Midlands (TfWM), with total revenue derived from these coming in at about £1.6m.

Serco Group (SRP), up 1.6% to 117.35p, was named preferred bidder to operate the New Grafton Correctional Centre (NGCC) in New South Wales, Australia. The estimated total contract value to Serco over a 20-year term was about A$2.6bn.

Osirium Technologies (OSI), up 0.9% to 112.5p, has appointed its first distribution partner in the Middle East and North Africa (MENA) region, Spectrami.

Balfour Beatty (BBY), down 0.97% to 281.15p, returned to profit in the year to end-December and its order book rose to £12.7bn, up 15% on last time and up 4% at constant exchange rates. On a statutory basis, the group made an operating profit of £15m, from a loss of £182m.

Other stocks in the news included European Metals (EMH), M&C Saatchi (SAA), One Savings Bank (OSB), Clinigen (CLIN), Diurnal (DNL), Regency Mines (RGM), AquaBounty Technologies (ABTU), Atlantis Resources (ARL), Ferrum Crescent (FCR), IMImobile (IMO) and Stilo Int'l (STL).



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PCG Entertainment raises £750k via placing

PCG Entertainment has raised £750,000 (before expense) through a placing of 535,714,286 new ordinary shares of 0.1p each at a price of 0.14p per share.

The Company said the proceeds will be used for general working capital purposes.

Nick Bryant, CEO of PCGE plc, commented "This sale provides the working capital the company needs to realise the opportunities we have created over the past months. I look forward to up-dating the market on these opportunities in due course."




At 1:17pm: (LON:PCGE) PCG Entertainment Plc share price was -0.09p at 0.17p



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PCGE completes disposal of CPDC

PCG Entertainment (PCGE) has confirmed the disposal of the shares from the sale of Center Point Development Corp (CPDC) has been completed.

Nick Bryant, PGCE's CEO, today said: "This concludes the disposal on a very positive note, and brings additional funding into the Company. We look forward to reporting further good news to the markets in due course."

At 1:25pm: (LON:PCGE) PCG Entertainment Plc share price was +0.06p at 0.2p



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PCG Entertainment announces EGM

PCGE Entertainment announces notice of an Extraordinary General Meeting at which shareholder approval will be sought for the sale of its wholly owned subsidiary, Center Point Development Corp.

The EGM will be held at 11.00 am on 10 February 2017 at the Company's register office, G1 Haven Court, 5 Library Ramp, Gibraltar.






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