Sorry, one last thing:
If you compare another media streaming company such as Stream you can get an idea of what valuation WTV should expect if they do actually manage to turn it round. All ifs and buts so far. Stream's estimated full year results are turnover £11.6 million, £1.7 million pre-tax profit, P/E ratio is 25, Market cap is £28.68 million, total number of shares 57.64 million.
and
AA, At least have the intelligence base your valuation with a similar company in the same sector!
Correct me if I'm wrong, but aren't Stream primarily involved in media pertaining to mobile phones? Does a particularly large part of WTV's business derive from similar mobile media?
Alex