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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ubc Media | UBC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.25 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.25 | 3.25 |
| Top Posts |
|---|
Posted at 25/5/2014 22:26 by smithie6 Subscribers for new shares that are already shareholders in UBC.A) 8.3M new shares (@ 27p) B) Miton capital partners. 2.8M new shares Subscribers for new shares that are already shareholders in 7Digital. No visibility of data. --- Insane imo that the 2 execs. from 7Digital will own 20% of the merged entity.... despite the company having raised 13M over the years...and now the process raises 6M more...and 1M from IMG to make it 20M raised... infers they would have had to have put in 6M pnds.... which they wont have... How they manage to still own such a high % despite the repeated cash raising by 7DIgital...and its losses (13M losses added up) so the cash raisings should have produced significant dilution for previous investors.... so that they still have 20%...I cant understand... |
Posted at 25/5/2014 22:16 by smithie6 page 83. appears that the current UBC dirs. are not selling up in the merger process....inferred imo by the RNS which does not list any holdings for them after the merger. One assumes that the full pdf file version is correct. so Paul Pascoe will still have 250k invested after the merger.....and he wont be getting a dirs. salary at the new merged co. Simon Cole and Tim Blackburn will each have around 600k each invested still after the merger. Not relevant for S. Cole since he will be getting his dirs. pay and share options, could cloud his decision....but for Tim Blackmore he wont be on the new bod ...and he is staying invested....which is interesting. ---- And they are locked in for at least 12 months...and IMG and Goodman and Dolby but not any UBC dir. that wont be on the bod at 7digital. but it appears that instuts. buying large amounts of shares are not tied in. ------ item 6.2 is wrong imo. P84 says 100k when it is imo 1M Well, the city boys are only charging 1.2M costs....cant expect them to get it right for such a low amount !! ;-) Dont want to go giving investors the correct data do we ?! |
Posted at 25/5/2014 13:38 by smithie6 "btwIf you had 5k pounds in value the UBC stake in Audioboo. (ie. higher value in UBC shares) then while audioboo has gone x3 in value you have made 1.5x 15% gain = 22% close to 1K pnds. (this assumes that the merger with 7Digital happens) whereas if UBC had done no merger deals at all then you would now have 15k pounds in value in your stake in Audioboo a gain of 10k pounds." So, when Audioboo goes up in value....imo UBC shareholders should be sad.....they have lost out on most of the possible gain, getting 1k instead of 10k. New investors from now where are getting your gain...for a business that you funded to grow to be where it is now. The new investors in Audioboo are laughing ......especially at UBC shareholders and at the MD and bod of UBC...for breaking all the documented/written basics of venture capital. ----- Will Simon Cole manage to grow 7Digital....like Audioboo grew.... and then do the same ?? and sell 7Digital to new investors for close to nothing ?! Its what he has just done with Audioboo. |
Posted at 25/5/2014 13:29 by gekko68 I owned shares in a company called castle-ton,they sold of parts to coms & said it was in the best interest of the shareholders,yet the parts they sold off are making record profits. Coms shares also sky rocketed while castle-ton went down.This kind of thing goes on every day. Trying too prove what was in the best interest of shareholders can be lengthy & some time difficult too prove. Castleton director is not only a holder in Castleton but also a holder in coms. I reckon what he did was the best interest of his holdings,think the same happened here. He perhaps thinks your company might be a hindrance to his shareholdings. Another thing,whether you like it or not,On-Delta put up most of the money in the deal,so whether you like it or not we had the last say whether the deal went ahead. Audioboo also wanted the deal too go ahead,after all they made a offer for One-Delta & one-delta did a reverse takeover. But there is one thing you are over looking,UBC holdings investment in Audioboo has also sky rocket,its has gone from £1.2 Million to over £7 million. You should also take a look at who had been buying up the shares in the last few weeks. Most of the buys have been by large investment companies. It is in only the last few days that private investors are beginning too notice this company & see the potential. |
Posted at 23/5/2014 17:14 by smithie6 7M is not correct.22M cap value. 1/5th for UBC = 4M THe UBC bod now propose to merge UBC with 7Digital where the value for UBC will be around 3M. Less than the value held in BOOM...and ignoring the 1M loan made to 7 DIgital...and ignoring the UBC patents (the reason why the deal is happening imo....and why IMG are there)....and ignoring UBC client list...incl Sirius satellite radio ...and many digital radio chains around the world. Insane ? Of course. And imho illegal....since dirs. have a Company Act duty to safeguard co. assets.... not sell them for less than the cash value. ---- 'your' company (BOOM) was our company...UBC's ....we owned 51% at the deal with ONE DELTA. UBC were controlling shareholder.... is it up to dirs. and bods to manage and direct controlling shareholdings to try to obtain general benefit for the shareholders....Comp Not spilt milk. 'If' any law has been broken ....then action can happen.....although of course it takes time for the system to work. FCA & SFO have taken many actions in the past....and they havent stopped (even if most PIs think they only do a fraction of what they should) You reckon that all the investors in the cases where the system took action should have kept quiet. I disagree. The law and regulations are there to be observed. if someone steals your car....is that also spilt milk ? forget it, move on ?. of course not. |
Posted at 23/5/2014 15:39 by gekko68 Twitter are already linked up with Audio-boom,there client list is quite impressive. Steven Fry is a fan of both. There is no use crying spilled milk,the deal is done & dusted. I have been in shares where the director sold of parts & the private investors had no say it the mater,it happens all the time. UBC could have bought out Audio-boo outright,but they did not. One-Delta put the deal together. Best not getting emotional here & move on. if you no longer like the company you are invested in,then buy something else. |
Posted at 22/5/2014 16:30 by smithie6 BTWIs/was there no shareholder vote ref. the transaction for Audioboo....it being a large investment for UBC ? For Audioboo....UBC shareholders have been royally shafted imo.... (the big gain in Audioboo (X3 in value) has been for new investors....not for UBC which only holds 19% of Audioboo after the deal) and I wonder whether shareholder group legal action is possible ? especially if we can find that any regulation has not been complied with. |
Posted at 20/5/2014 13:39 by hazl well, smithie6 of course it was a disappointment to see them marked down like that this morning and clearly nothing short term is in the small investors favour.However,I can repeat what I have said elsewhere that the internet industry is still young in my view and eventually y these may be worth having. I am not adding at this point but probably will keep the few I have. |
Posted at 29/12/2013 19:46 by tullynessle Interesting information about 7Digital at "Wikipedia" - see link below.At the "Corporate History" note the information at "para 5, line 1", namely: "In October 2012, the company secured $10 Million in funding from 2 new strategic investors, Dolby and Imagination......... Corporate history[edit] The company was founded in January 2004 by Ben Drury and James Kane as a B2B digital music services company building download stores for record labels, brands and other retailers. 7digital direct to consumer service was launched in 2005. On 28 January 2008 the company announced that it had agreed terms on a £4.25 million ($8.5 million) investment from various groups, including Sutton Place Managers and Balderton Capital. The investment was to be used to launch www.7digital.com in more European countries and the United States,[1] along with expanding the sites offerings to include downloadable video and computer games.[2] On 3 August 2009, the venture capital investors were bought out by HMV Group UK, who were then 50% owners of 7digital. In 2011, 7digital expanded with an office in Luxembourg and in early 2012 launched US operations. In October 2012, the company secured $10 Million in funding from 2 new strategic investors, Dolby and Imagination, which diluted HMV's share and enabled 7digital to extend and scale their existing reach, adding new functionality and capabilities to the platform and their API. It also allowed them to continue international roll-out of products and services to new territories, and further expand their existing business in North America and Europe. 7digital now has the broadest reach of global digital music rights in the world and powers services for companies such as Samsung,[3] BlackBerry,[3] Microsoft,[3] Toshiba,[3] HP,[3] Acer,[3] HTC,[3] T-Mobile US and Sonos.[3] 7digital services are available globally and have dedicated music download stores in over 37 countries. They also have a mobile web store and smartphone apps for Android, BlackBerry, Windows and iOS.[4] On 25th November 2013, UBC Media announced an intention to acquire 7 Digital Group Inc by way of a reverse takeover. [5][ |
Posted at 29/12/2013 10:13 by tullynessle Hopefully UBC are well aware of the apparent challenges in approaching 7digital.Let's hope that a merger of the two entities and their respective technologies can deliver a "greater than the sum of two parts" outcome. Perhaps the reason for the £1 million loan is becoming more evident. digital 2012 financial results reveal net loss of £2.3m December 23rd, 2013 by Stuart Dredge Digital music firm 7digital announced in November that it was entering merger talks with radio group UBC Media, having secured £1m from the company as a convertible loan note in advance of the anticipated deal. Now 7digital has published its financial results for 2012, which provide the context for its decision to seek such a deal. The results reveal that the parent company, 7digital Group, saw its turnover rise 41.5% year-on-year to £11.6m in 2012. However, its losses also increased from £745k in 2011 to £2.3m in 2012. The company's UK subsidiary, 7digital Limited, saw sales fell from just under £8m in 2011 to £7.3m in 2012, while that company's losses increased from £696k in 2011 to just under £2m in 2012. 7digital Ltd ended the year with net liabilities of just under £4.1m. "The company has seen a rise in its cost base and, combined with significant investment in new resources, has seen an increase in its operating loss and cash demands for the year," explains the Directors' Report. "The directors expect this position to continue as the company strives for growth, and have prepared cash flow forecasts which, together with significant growth forecasts, demonstrate that further cash funding is required for the group as a whole." Hence the UBC Media talks, although the financials warn that if these fall through an agreement was hoped for by 16 December for a deal to complete in the first quarter of 2014 7digital will have to seek other forms of funding. "In the meantime, the company is also continuing to review other fundraising options from new partners and investors, which may provide further cash resources, if desirable or necessary," explain the directors, warning that there is a "material uncertainty that may cast significant doubt upon the company's ability to continue as a going concern" even if they're confident a deal will be struck. Other stats from the financials include a rise in 7digital's headcount from 64 to 105 during 2012; confirmation that it raised $10m of funding from strategic investors Imagination Technologies and Dolby Laboratories in October 2012; and that 50.9% of 7digital Group's turnover came from the UK in 2012, versus 16.9% from the rest of the European Union, and 32.2% from the rest of the world. The financials also outline HMV Group's 35% stake in 7digital Group, with Imagination Technologies owning a further 16%. 7digital is hoping that joining UBC Media will provide it with a stable base for growth in the years ahead, with radio a particular emphasis. The merged company will have nearly 5m registered users, and have services preloaded on 50m mobile devices, with 7digital's Samsung partnership a big factor in that. "We will continue to develop and scale the platform, and to innovate with new products and features. Radio, in particular, is an area where we see a lot of future opportunities, and we are thrilled that our new strategic investor and partner, UBC, shares this vision," said 7digital CEO Ben Drury at the time the merger was announced. |
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