UBC Media Group(UBC)

Sector:

Media

Index:

FTSE AIM All-Share

Market Cap

£12.77m

Change Today

0.000p

Share Price

6.63p

UBC Media to sell commercial division

Date: Thursday 08 May 2008

LONDON (ShareCast) - Radio broadcaster UBC Media said it has signed a letter of intent to sell its Commercial Division to US radio group Global Traffic Network for £15m.

"GNET (Global Traffic) will acquire UBC's Commercial Division for £15 million, of which, £1 million may be satisfied in the form of Global Traffic Network stock at GNET's sole option," said UBC.

The commercial division of UBC supplies traffic, news and entertainment information to approximately 250 radio stations in the UK.

"I'm absolutely delighted to be working with Global Traffic Network to make that happen and to demonstrate to shareholders the value of what we have created," said UBC chairman Simon Cole.

"The UK radio market is developing very fast as consolidation takes hold and I am very confident that GTN can look forward to maintaining and building the strong business we have developed here," he added.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

UBC Media Group Market Data

Currency UK Pounds
Share Price 6.63p  
Change Today 0.000p
52 Week High 10.75
52 Week Low 6.63
Volume 0
Shares Issued 192.74m
Market Cap £12.77m
Beta 0.02
RiskGrade 113

Performance Indicators

Compare performance with the sector and the market.
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Key: vs Market vs Sector
Value
43.03% below the market average43.03% below the market average43.03% below the market average43.03% below the market average43.03% below the market average
39.53% below the sector average39.53% below the sector average39.53% below the sector average39.53% below the sector average39.53% below the sector average
Price Trend
31.34% above the market average31.34% above the market average31.34% above the market average31.34% above the market average31.34% above the market average
59.15% above the sector average59.15% above the sector average59.15% above the sector average59.15% above the sector average59.15% above the sector average
Income Not Available
Growth
38.74% below the market average38.74% below the market average38.74% below the market average38.74% below the market average38.74% below the market average
31.3% below the sector average31.3% below the sector average31.3% below the sector average31.3% below the sector average31.3% below the sector average
Price Chg 6m
67.66% above the market average67.66% above the market average67.66% above the market average67.66% above the market average67.66% above the market average
74.65% above the sector average74.65% above the sector average74.65% above the sector average74.65% above the sector average74.65% above the sector average
P/E Not Available
PEG Not Available
Dividend Yield Not Available
EPS Growth Not Available
Operating Margin
51.21% below the market average51.21% below the market average51.21% below the market average51.21% below the market average51.21% below the market average
57.25% below the sector average57.25% below the sector average57.25% below the sector average57.25% below the sector average57.25% below the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
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UBC Media Group Dividends

No dividends found

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

UBC Media Group Key Personnel

CEO Simon Cole
Chair Michael Peacock
COO John Quinn
Finance Director Gavin Douglas Rigby

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