News blog

Motive Television

• BY: Andrew Hore |
• POSTED: 05/11/2013 |

Motive Television, the company with more than 28 billion shares in issue, has signed two agreements with Turkish broadcaster Digiturk but it is still a long way from breaking even.

At 0.023p a share, Motive TV is valued at £5.61m. 

Digiturk will licence Motive TV’s software development kit and pay for annual support and maintenance services. No figures were put to the agreements but at least they will bring a small amount of cash into the business and delay a further share issue.

Net debt was £3.44m at the end of June 2013. There was a cash outflow of more than £1.5m in the first half of 2013. Since then a further £1m has been raised from yet another share issue and part of the convertible debt has been converted into shares, thereby reducing debt by a further £1m.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFOctober2013_49.pdf