PCG Entertainment

PCGE: 0.09 0.00 (▲2.94%)

Delayed:2017-08-18 16:57:05
Bid Price 0.09 High Price 0.10
Ask Price 0.09 Low Price 0.09
Open Price 0.09 Spread 5.71%
Prev Close 0.09 Volume 61,383,452.00

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) 0.09 Net Gearing (%) 14.27
Market Cap (£m) 2.27 Gross Gearing (%) 15.99
Shares in issue (m) 2,524.94 Debt Ratio 0.00
P/E Ratio -0.50 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 0.18
Dividend Cover 0.00 SROCE (%) -15.88
Earning per share (p) -0.18 EPS Growth (%) 83.33
52-week high / low (p) 0.38 / 0.07 DPS Growth (%)

PCG Entertainment Broker Views

Date Broker Rec. Price Old target price New target price Notes
01 Feb Beaufort Securities Speculative Buy 0.09 Reiterates
01 Oct Beaufort Securities Speculative Buy 0.09 Reiterates
12 Aug Beaufort Securities Speculative Buy 0.09 Reiterates
05 Dec Beaufort Securities Speculative Buy 0.09 Reiterates

PCG Entertainment Director Deals


PCG Entertainment Company News

PCGE thanks shareholders after zero revenue and legal claim

China-focused media distribution company PCG Entertainment (PCGE) did not earn any revenue in the 15 months to 31 March, while administrative expenses rocketed to $5.9 million.

The company sold Center Point Development Corp (CPDC) during the period, and said it has now raised further funds through three share placings.

The company terminated its contract with its chief executive Nick Bryant in March and he has now brought an Employment Tribunal claim against the company and its chairman.

PCGE's annual report was delayed because the buyers of CPDC did not let PCGE's auditors have access to the company's books and records. Therefore there is insufficient information about CPDC's financial position and the loss on disposal.

Chairman Richard Poulden said: "This has been a difficult year, and firstly I'd like to thank our shareholders for their patience and understanding. I'd also like to thank our new shareholders, who have committed to supporting PCGE on the basis of their faith in the expertise and experience of the current Board. From the moment we knew we had a deal to divest CPDC, the board and I began to consider ways forward for the company to provide value for shareholders.

"Some of the directors of PCGE have done this before with quoted companies at the bottom of a cycle: Sirius Minerals and Wishbone Gold for example. One of the important aspects of this process is not to grab the first deal which comes along, but to look at opportunities across a range of different industries and geographic locations. Accordingly, the board has reviewed, and will continue to review, a number of possible avenues for the future of PCGE."


At 8:03am: (LON:PCGE) PCG Entertainment Plc share price was -0.01p at 0.09p



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FLASH: PCG Entertainment gets no revenue in 'difficult' year






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FTSE falls on mixed bag led by utilities, oil majors

London shares opened firmly lower on Wednesday with blue chips retreating on weakness in a palette of sectors, with utilities and oil majors prominent among them. Sterling was ahead on the dollar, but down on the euro.

A short time after the open, the FTSE 100 was down 35.97 points, or 0.48%, to 7398.39, while the FTSE 250 was down 109.17, or 0.56%, to 19,417.6. European equities indices were lower, too.

Hargreaves Lansdown (HL.) led blue chips down with a fall of 3.25% to 1293.5p, and was followed by Scottish Mortgage Investment Trust (SMT), down 1.71% to 406.9p, and Micro Focus International (MCRO), down 1.34% to 2387.5p.

Utilities fell after National Grid (NG.), down 0.85% to 976.25p, and SSE (SSE), down 0.84% to 1473.5p. Oilies retreated after Shell (TDSA), down 0.56% to 2076.75p, and BP (BP.), lower 0.49% to 458.03p. The price of crude oil was falling.

Other sectors notably lower included pharmaceuticals, insurers, consumer goods and leisure.

Bunzl (BNZL) led to the upside with a 3.75% rise to 2395.5p. It has purchased three further businesses in Spain and Canada and expects to complete further acquisitions during the remainder of the year.

It was followed by several supermarkets, gold-focused miners and airlines.

LONDON HIGHLIGHTS

Amphion Innovations (AMP) fell 23.81% to 2p as its net asset value fell to $5.9m, from $10.9m, due almost entirely to the movement in value of the Motif Bio Plc share price. For the FY, Amphion posted a pretax loss of $16.8m, from a profit of $5.9m.

Creightons (CRL), up 16.49% to 28.25p, said its operating profits rose by 171% to £1,513,000 in the year to the end of March. Revenue increased 45.7% to £30.6m and operating profit margins rose to 4.9% (2016 2.7%).

PCG Entertainment (PCGE), down 9.52% to 0.1p, said it would not be able to publish its audited report and accounts for the 15-month period ended 31 March 2017 by 30 June 2017, as previously announced on 21 April 2017.

Crawshaw (CRAW), down 8.62% to 26.5p, said group sales were up 5.1% for the first 20 weeks of the financial year but like-for-like sales were down 4.5% during the period.

Petra Diamonds (PDL), down 6.97% to 105.5p, warns its revenue is expected to be about 8-9% below market consensus and that its financial results for the year are therefore also forecast to be below market expectations.

Stagecoach (SGC), down 5.96% to 191.55p, advises that it sees its FY 2017/18 EPS broadly unchanged.

Victoria Oil & Gas (VOG), up 4.88% to 51.13p, has provided an update on the "challenging" two well drilling programme at its Logbaba gas production site, located in the industrial port city of Douala, Cameroon.

Empyrean Energy (EME), up 4.08% to 6.38p, said it was delighted with the rate gas has flowed at Mako South-1 well, its first major exploration project since its efforts of re-building the portfolio.

Other stocks in the news included 7digital (7DIG), Tullow Oil (TLW), Kier (KIE), IMImobile (IMO), Secure Property Developments (SPDI), Providence Resources (PVR) and Escape Hunt (ESC).




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PCG Entertainment updates on accounts delivery

PCG Entertainment said it would not be able to publish its audited report and accounts for the 15-month period ended 31 March 2017 by 30 June 2017, as previously announced on 21 April 2017.

The inability to finalise the Annual Report prior to 30 June 2017 was primarily due to complexities surrounding the disposal of its former subsidiary, Center Point Development Corp, as announced on 11 January and 21 February 2017.

The company was aiming to publish the Annual Report in July 2017.






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FLASH: PCG Entertainment updates on accounts delivery






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