Catalyst Media Group (CMX)

Sector:

Media

 53.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 82.50
  • 52 Week Low: 51.00
  • Currency: UK Pounds
  • Shares Issued: 21.03m
  • Volume: 0
  • Market Cap: £11.25m
  • RiskGrade: 55

Catalyst's SIS investment could see major impact from fixed-odds betting change

By Josh White

Date: Wednesday 23 May 2018

LONDON (ShareCast) - (Sharecast News) - Catalyst Media Group updated the market on its Sports Information Services investment on Wednesday, following the reduction of the maximum stake for fixed-odds betting terminals to £2 as announced recently by Westminster.
The AIM-traded firm has a 20.54% interest in SIS.

It said SIS recognised that the change would affect the UK retail market which it serves, but at this stage neither the implementation date nor the resulting impact on the UK betting market was know.

Therefore, SIS said it was not able to fully assess the impact on its own business of the change.

However, it did say it was still exposed to a potential material decline in the UK retail market through a resulting reduction in the number of UK betting shops.

"The new media rights contracts that SIS has been entering into with UK and Irish racecourses will though partially mitigate the impact of the change on SIS's business, along with other mitigating actions that are being and could be implemented by SIS," the statement read.

"SIS's strategy to accelerate international and online expansion, is further supported by the change."

As it had previously announced, SIS has received approaches for SIS Live, and it confirmed that those continued to be considered, and could result in the sale of SIS Live with any net proceeds expected to be returned to SIS shareholders.

"However, there is no certainty that such discussions will result in the disposal of SIS Live."

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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.

 

CMX Market Data

Currency UK Pounds
Share Price 53.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 82.50
52 Week Low 51.00
Volume 0
Shares Issued 21.03m
Market Cap £11.25m
RiskGrade 55

CMX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
16.25% above the market average16.25% above the market average16.25% above the market average16.25% above the market average16.25% above the market average
15.62% below the sector average15.62% below the sector average15.62% below the sector average15.62% below the sector average15.62% below the sector average
Price Trend
27.16% below the market average27.16% below the market average27.16% below the market average27.16% below the market average27.16% below the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Income Not Available
Growth
71.85% below the market average71.85% below the market average71.85% below the market average71.85% below the market average71.85% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

CMX Dividends

  Latest Previous
  Special Special
Ex-Div 07-Nov-19 08-Nov-18
Paid 22-Nov-19 23-Nov-18
Amount 5.00p 58.00p

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