PCG Entertainment

PCGE: 0.20 -0.01 (▼2.50%)

Delayed:2018-02-20 16:57:12
Bid Price 0.19 High Price 0.21
Ask Price 0.20 Low Price 0.19
Open Price 0.21 Spread 5.13%
Prev Close 0.20 Volume 24,166,168.00

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) 0.20 Net Gearing (%) 7.81
Market Cap (£m) 2.09 Gross Gearing (%) 81.79
Shares in issue (m) 1,042.49 Debt Ratio 0.00
P/E Ratio -0.19 Debt-to-Equity Ratio 0.00
Divs per share (p) 0.00 Assets / Equity Ratio 5.49
Dividend Yield (%) 0.00 Price to book value 6.53
Dividend Cover 0.00 SROCE (%) -1843.75
Earning per share (p) -1.08 EPS Growth (%) -500.00
52-week high / low (p) 0.43 / 0.05 DPS Growth (%)

PCG Entertainment Broker Views

Date Broker Rec. Price Old target price New target price Notes
01 Feb Beaufort Securities Speculative Buy 0.20 Reiterates
01 Oct Beaufort Securities Speculative Buy 0.20 Reiterates
12 Aug Beaufort Securities Speculative Buy 0.20 Reiterates
05 Dec Beaufort Securities Speculative Buy 0.20 Reiterates

PCG Entertainment Director Deals


PCG Entertainment Company News

PCG Entertainment capital reorganisation approved

PCG Entertainment said shareholders had approved its proposed capital reorganisation at an extraordinary general meeting.

The company's existing issued share capital of 3,524,940,510 shares would now be consolidated on the basis of five existing ordinary shares into one consolidated share.


At 2:06pm: (LON:PCGE) PCG Entertainment Plc share price was 0p at 0.06p



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PCG Entertainment to seek shareholder approval for proposed capital reorganisation

PCG Entertainment has confirmed that the Company intends to hold an Extraordinary General Meeting on 15 January to seek shareholder approval to carry out a capital reorganisation.

The Company is proposing that every 5 existing ordinary shares of 0.1p each will be consolidated and then sub-divided into 1 deferred share of 0.4p each and 1 new ordinary share of 0.1p each.




At 1:47pm: (LON:PCGE) PCG Entertainment Plc share price was +0p at 0.07p



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PCG Entertainment losses narrow

PCG Entertainment said first-half losses narrowed due to favorable currency impacts.

The company posted a net loss of $588,332 compared to a $745,766 loss a year earlier, despite booking no revenue for the period.

It said it was currently in discussions with its former chief executive in an attempt to settle his employment tribunal action.




At 8:21am: (LON:PCGE) PCG Entertainment Plc share price was -0.01p at 0.06p



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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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