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UBC Ubc Media

3.25
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ubc Media LSE:UBC London Ordinary Share GB0009021063 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.25 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.25 GBX

UBC Media (UBC) Latest News

Real-Time news about Ubc Media (London Stock Exchange): 0 recent articles

UBC Media (UBC) Discussions and Chat

UBC Media Forums and Chat

Date Time Title Posts
05/9/201407:35UBC Media1,672
29/5/201408:46ACTION GROUP76
20/8/200910:00UBC MEDIA361
05/7/200712:07World First - Music Download Technology148
07/2/200710:58charts fundementals news....16

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UBC Media (UBC) Top Chat Posts

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Posted at 25/5/2014 17:13 by smithie6
" Am I right in thinking the shell company shareholders in One Delta have tripled their original holding in value? While ours have halved! Says it all!"

thats what I make it as well.

----

Just made a post on action group msg board. explaining how 7Digital are paying around 1M in shares for
- 2.8M in cash in UBC.
- UBC patents
(WHICH IS WHY IMG INVESTED IN THE FIRST PLACE and have in reality been driving all the action ever since.....S. Cole is imo just a pawn....acting largely under IMG instructions...imo in return for scratching the back of IMG ...they will make sure he is OK in coming years. I expect that getting 50% pay rise, large share options package etc etc)
- Note, IMG is not interested in the analogue radio parts of UBC....the digital parts, perhaps.
- UBC client list


----
The possible usefulness of UBC to IMG is easy to see.....
in addition to the patents...

UBC has IT experience in supplying digital stuff to Yahoo....and content to digital radio systems (been doing for years, hard for anyone to remove them perhaps from that service)..and their apps are used by Sirius satellite radio (26M users), and digital radio networks around the world....

so...
if IMG wanted to incorporate any of that with the UBC patents...and put it into a chip design and then license it to all digital radio makers then they can very easily....
but they need ability to use UBC patents...ideally to own/control them...
which they are doing via this 7Digital deal imo.

If IMG wants UBC ....then imo they can pay......

at present UBC shareholders are PAYING 7Digital to buy UBC.

We give them 2.8M cash plus the patents and other bits of UBC...and they give us 1M in shares in 7Digital for all of UBC aside from Audioboo...and 5M in shares in 7Digital for our stake in Audioboo. (in fact slightly less...since transaction price is 2.7p and not current 3.-3.5p)

imo such a deal can NOT be legally recommended by the bod to shareholders....

and hence if shareholders want to lobby the bod and/or regulators....we could perhaps get the conditions of the deal improved....or changed to not-recommended...

and/or UBC bod changes to not recommend the deal....and UBC is offerred for sale to the world. Maybe a US buyers would pay more than 1M to obtain 2.8M of cash AND the UBC patents.

Possible buyers of the patents include
- competitors to IMG (since IMG want the patents...then clearly their competitors would as well, if asked)
- Sirius radio (26 M monthly paying clients. 0.1$/month license would be 2.6M$ per MONTH to UBC)
- Google, MSoft, Twitter...for use with digital streaming radio
- car manufacturers (if you want to use the benefits of the UBC patents...then you can only do that if you buy one of our cars). (BMW, GM....have shed loads of money , just 1$ license per car sold would equal millions each year)
Posted at 22/5/2014 16:01 by smithie6
BTW
weeks/months ago I posted that the logical thing to do...with UBC doing corporate activity ....was to first float Audioboo....

hopefully see the share price rise due to no shares available...and some demand for an exciting share in a growth sector perhaps lifting up the share price...

and THEN

UBC has a higher cap. value and can obtain a better price when merging with 7 Digital...

very obvious and child level stuff.

Simon Cole , UBC MD, did not do it.

And appears to have over 50% of votes agreed to merge with 7Digital at a price that ignores that the UBC stake in Audioboo has multiplied in price x 3.

And what has happened to the 1M pnds lent to 7 DIgital ...no mention of it in the details I have seen so far.

All smells fishy to me.

As if Simon Cole, UBC MD, has quite happily agreed to sell UBC shareholders down the river. Doesnt add up to me.

Can shareholders vote NO to the deal as it is and require better merger terms ??
and/or take the Audioboo transaction to court....with UBC dirs. failing in their legal duties to try to safeguard company assets and obtain shareholder benefit...rather than allowing new shareholders (from no-where) take up the new shares in Audioboo and UBC not take up any new shares. (company act requires pro rata share issuing)
Posted at 22/5/2014 11:29 by smithie6
Simon Cole sold just over 1/2 of the UBC shares in Audioboo

since then the value of Audioboo has multiplied by 3.


Well done Simon.

You appear, at first sight, to be intentionally crucifying the long sufferring shareholders of UBC.

,,,and especially bitter for UBC holders since UBC had funded Audioboo...while it was super small and super risk
and been the lead investor...and had the option to own over 50%


Simon, it would appear to have been IMPOSSIBLE to have done it worse.

(you had for example....a large number of PIs who were taking risk by holding UBC shares....and who were fans of AUdioboo...and would have liked to have been asked to subscribe new money to help it grow.

Why was that not done ?

To invite in complete strangers....who then make/made the profit from Audioboo listing....
while the people that funded the losses of AUdioboo in past years...and lent it money ...(UBC and hence UBC shareholders....

well, appears that you spat in our tea.

VERY UNHAPPY

(I will be voting NO to all upcoming resolutions)

If Simon Cole is incompetent....see 10 years of UBC share price.....then perhaps it is time to remove him from the bod.
Posted at 20/5/2014 12:36 by hero
Well that's a bit of a shock to the system - at first glance you have to wonder
what on earth is going on but after delving a little you can see that the problem is the new company strike price given at 27p and a UBC dilution conversion 10:1 means UBC shares will struggle to push above 3p until the
conversion date other-wise it would make an instant premium on the strike price.

Of course I could be wrong and some savvy investors might realise UBC shares over the next few weeks offer a guaranteed low price entry into the new entity and keep on buying which would push the UBC price up and up !!

Once you start to work things through you see that it is perhaps what would need to happen so create a rush to buy at the undervalued 27p price. Lets hope the Financial Press come to the same conclusions and report likewise.

If you just look at 7 Digitals current earnings they should be around 15m pa so if you take a modest per of 10 it could give a value of 150m whereas the new shares priced at 27p only gives the co a value of 29m so there could be a rise of around 6 fold within a year. Equates to an old UBC share price of circa 18p.

If you add in UBC and Audioboom values plus combined synergies then that should add even more value to the share price.
Posted at 12/5/2014 16:38 by smithie6
...looks like +ve news items recently for Audioboo and UBC.

be interesting to see what the UBC share price does after joining with 7 Digital and the combined entity re-listing...ONE share price has done well, fingers crossed that UBC will as well
Posted at 02/5/2014 06:10 by someuwin
RNS Number : 1310G

UBC Media Group PLC

02 May 2014

UBC Media Group plc

("UBC" or "the Company")

Update on Audioboo Investment

UBC Media Group (AIM: UBC), the multimedia content and services company today provides an update on its investment in Audioboo Limited ("Audioboo"), and the proposed acquisition of 7digital Group, Inc.("7digital").

As announced previously, UBC signed non-binding Heads of Terms with One Delta plc ("One Delta"), a cash shell quoted on AIM, to acquire the entire issued and to be issued share capital of Audioboo in a potential all share transaction which would leave UBC with a significant stake in the enlarged group ( the "Audioboo Acquisition").

On 1 May 2014 UBC signed a sale and purchase agreement with One Delta under which UBC agreed to sell, and One Delta agreed to purchase, UBC's holding of 4,105,016 ordinary A shares in the capital of Audioboo for consideration of 87,029,307 ordinary shares of no par value in the capital of One Delta ("One Delta Ordinary Shares") at a deemed price of 1.5 pence per share, representing a value of GBP1.3 million. In addition, under the terms of the sale and purchase agreement, One Delta will issue UBC with 8,765,404 warrants to subscribe for One Delta Ordinary Shares at a price of 1.5 pence per share ("Warrants"). On completion of the Audioboo Acquisition, UBC will own 18.9% of One Delta. Upon exercise of the Warrants, UBC will hold 19.9% of the enlarged group.

One Delta has previously raised GBP3,485,000 for the purposes of funding Audioboo. The Audioboo Acquisition helps to secure the future of Audioboo, fully funds the business for development and leaves UBC with a significant holding. In addition, One Delta will seek shareholder approval to change its name to "Audioboom Group plc". Following shareholder approval One Delta's AIM trading symbol will become BOOM.

Update on Acquisition of 7digital

Concurrently, as part of the strategy to transform the Company, UBC is in the process of acquiring 7digital, a leading global supplier of digital music services. UBC announced on 17 March 2014 that it had signed Heads of Terms with 7digital and expects to publish an admission document by May 2014. Progress towards that end remains on track and further updates will be made as and when required. In accordance with the AIM Rules for Companies, UBC's shares will remain suspended until the admission document is published or the Company confirms that the acquisition of 7digital is no longer taking place.
Posted at 17/3/2014 07:08 by masurenguy
Update on Proposed Acquisition and Audioboo

RNS Number : 4299C
17 March 2014

UBC Media Group (AIM: UBC), the multimedia content and services company today provides an update on the proposed acquisition of 7digital Group, Inc. ("7digital") and on its investment in Audioboo.

Proposed Acquisition of 7digital

The Company announced on 25 November 2013 that it had entered into a Letter of Intent with privately owned 7digital with a view to creating a new publicly listed company combining the broadcast assets of UBC, including its investment in Audioboo, with those of 7digital. 7digital is a leading supplier of digital music services with a library of 25 million tracks. Both UBC and 7digital believe that the growth of digital music services is increasingly linked to the growth of listening to radio online and on mobile, creating a need for hybrid services which incorporate both radio listening, curated playlists and on demand music.

UBC is pleased to announce that it has now signed Heads of Terms with 7digital, outlining the detailed material terms of the potential acquisition of 7digital by UBC ("the Acquisition") and has agreed a period of exclusivity up to 4 April. The Acquisition, if consummated, would constitute a reverse takeover under Rule 14 of the AIM Rules for Companies and will therefore be conditional, inter alia, upon the publication of an admission document by the Company and the approval of UBC's shareholders at a general meeting. UBC expects to publish an admission document by the end of May 2014 and further updates will be made as and when required. In accordance with the rules of AIM, UBC's shares will remain suspended until the admission document is published or the Company confirms that the Acquisition is no longer taking place.

Update on Audioboo Investment

As announced previously, Audioboo, the fast growing audio social network, has been seeking further investment in order to support its development and growth. To that end, UBC is pleased to announce that it has signed non-binding Heads of Terms with One Delta plc, a cash shell quoted on AIM, to acquire the entire issued and to be issued share capital of Audioboo in a potential all share transaction which would leave UBC with a significant stake in the enlarged group. One Delta has announced today that it has raised £3,485,000 through the issue of new ordinary shares and confirmed the transaction. UBC currently holds 39% of the ordinary share capital of Audioboo. If the transaction completes as currently envisaged, UBC would hold just under 20% of One Delta plc.

Simon Cole, Chief Executive of UBC commented: "I am pleased that our strategy is progressing on track, and thank shareholders for their patience whilst we complete this transformation of the Company. Our aim is to create a new public company via 7digital which will be perfectly placed to exploit the rapidly developing market for online and mobile music services. The evidence is that the growth in this market will be in curated services which consolidate music and radio in one place and our new company will be perfectly placed here. Our strategic investment in Audioboo compliments this well and I'm pleased that today we have found a way to both finance Audioboo's future at a good valuation and secure value for our shareholders in any future growth."
Posted at 02/3/2014 14:43 by smithie6
...you tell me what all the merger details will be ...and 7Digitals numbers for 2013..and Audioboo news (including fund raising) and any strategic tie up news.......

and then I'll hazard a UBC share price for you, how's that ! ;-)

(btw, I try to get 70% or so of things right..not everything (if only)..and let winners run while closing out anything falling in price...last year I had an amazing year, not expecting much overall this year (very difficult to find any very good risk/rewards now imo), except hopefully UBC perhaps.)
Posted at 30/12/2013 15:03 by euclid5
In fact, Drury, who is also a co-founder at 7digital, notes a few reasons for tapping UBC instead of going it alone. First, there is funding: with 7digital founded in 2004, it's not really playing in startup territory anymore. "We may call ourselves that, or others may call us a startup, but we've been around for almost 10 years," he told me in an interview.

Second, there is speed of execution: "Going on to AIM by way of a reverse takeover of UBC is a way to accelerate our development," he told me. "This is a faster path."

Third - and perhaps most interesting for those watching how the digital music space is evolving - is what UBC would bring to 7digital in terms of product. The company owns several patents, it has an extensive catalog of audio archives, and it has infrastructure in place to create original content - "a skillset that could be adapted for the kinds of customers that we work for," Drury noted.

What could that mean? Right now, he says, the buzzword in digital music is "curation" and how to whittle down and shape the huge mass of music that customers have at the tips of their fingers but without much shape about what to listen to next. (Yes, the old water, water everywhere conundrum.) It sounds like what 7digital might be looking to do is help produce original content, or at least services that help point users to more tailored listening experiences that cut through the 7digital catalog.

His example: UBC currently produces a show for BBC Radio, called "Pick of the Pops," which picks a year and then runs through music from it. "Imagine that strong editorial role being adapted for the on-demand age," he told me. Along with that will come an evolution of the streaming music business model to offer more targeted "microsubscriptions" around particular genres or even playlists - not unlike the vision that Deezer is also eyeing up, creating deals that cut up the typical $10/month, all-you-can-eat offerings.

"Our platform and partnership roster has been growing steadily over time and we see continued interest in music globally, across online radio, subscription streaming, and downloads. We will continue to develop and scale the platform, and to innovate with new products and features," Ben Drury, CEO of 7digital, noted in a statement. "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."

UBC says that the deal will play into a wider strategy that it has to develop more digital services around audio content, with the interactive media market offering "the best opportunity for growth as so-called 'connected' devices became more important for the consumption of content."
In fact, Drury, who is also a co-founder at 7digital, notes a few reasons for tapping UBC instead of going it alone. First, there is funding: with 7digital founded in 2004, it's not really playing in startup territory anymore. "We may call ourselves that, or others may call us a startup, but we've been around for almost 10 years," he told me in an interview.

Second, there is speed of execution: "Going on to AIM by way of a reverse takeover of UBC is a way to accelerate our development," he told me. "This is a faster path."

Third - and perhaps most interesting for those watching how the digital music space is evolving - is what UBC would bring to 7digital in terms of product. The company owns several patents, it has an extensive catalog of audio archives, and it has infrastructure in place to create original content - "a skillset that could be adapted for the kinds of customers that we work for," Drury noted.

What could that mean? Right now, he says, the buzzword in digital music is "curation" and how to whittle down and shape the huge mass of music that customers have at the tips of their fingers but without much shape about what to listen to next. (Yes, the old water, water everywhere conundrum.) It sounds like what 7digital might be looking to do is help produce original content, or at least services that help point users to more tailored listening experiences that cut through the 7digital catalog.

His example: UBC currently produces a show for BBC Radio, called "Pick of the Pops," which picks a year and then runs through music from it. "Imagine that strong editorial role being adapted for the on-demand age," he told me. Along with that will come an evolution of the streaming music business model to offer more targeted "microsubscriptions" around particular genres or even playlists - not unlike the vision that Deezer is also eyeing up, creating deals that cut up the typical $10/month, all-you-can-eat offerings.

"Our platform and partnership roster has been growing steadily over time and we see continued interest in music globally, across online radio, subscription streaming, and downloads. We will continue to develop and scale the platform, and to innovate with new products and features," Ben Drury, CEO of 7digital, noted in a statement. "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."

UBC says that the deal will play into a wider strategy that it has to develop more digital services around audio content, with the interactive media market offering "the best opportunity for growth as so-called 'connected' devices became more important for the consumption of content."

UBC and 7digital's non-legally binding Letter Of Intent says that the two will outline terms of a potential acquisition of 7digital by UBC by no later than December 16, 2013, "with a view to entering into a definitive sale and purchase agreement by 30 April 2014."

UBC says the new publicly-listed company would combine its existing UBC assets, its investment in Audioboo, and 7digital, with 7digital's Drury would become the CEO and UBC's CEO Simon Cole taking on the role of chairman. Customers would include the BBC and Yahoo (two of UBC's current clients) and Samsung and HTC (two of 7digital's), with business operations in 42 countries and covering 5 million registered users and services pre-loaded on 60 million mobile devices. "In content terms, the new company will have an archive of thousands of hours of entertainment programming, producing 1,200 hours of new material a year and have a licensed catalogue of 25 million music tracks and audiobooks," UBC notes.
UBC and 7digital's non-legally binding Letter Of Intent says that the two will outline terms of a potential acquisition of 7digital by UBC by no later than December 16, 2013, "with a view to entering into a definitive sale and purchase agreement by 30 April 2014."

UBC says the new publicly-listed company would combine its existing UBC assets, its investment in Audioboo, and 7digital, with 7digital's Drury would become the CEO and UBC's CEO Simon Cole taking on the role of chairman. Customers would include the BBC and Yahoo (two of UBC's current clients) and Samsung and HTC (two of 7digital's), with business operations in 42 countries and covering 5 million registered users and services pre-loaded on 60 million mobile devices. "In content terms, the new company will have an archive of thousands of hours of entertainment programming, producing 1,200 hours of new material a year and have a licensed catalogue of 25 million music tracks and audiobooks," UBC notes.

hxxp://techcrunch.com/2013/11/25/samsung-htc-music-partner-7digital-picks-up-1-6m-loan-enters-into-reverse-takeover-talks-with-ubc/
Posted at 11/12/2013 15:59 by smithie6
their % stake in the merged entity will be higher imo, if no new shares for cash,
since IMG have a much bigger stake imo in 7Digital than they do in UBC.

but
imo there would likely be some new shares issued for cash, perhaps even to new useful partners.

(7Digital music streaming service is pre-installed on some Samsung smartphones....so, if Samsung took a few new shares in the merged entity I wouldnt complain !......and Apple have a stake in IMG ....and Dolby have a stake in 7Digital.....a lot of big global names....and little UBC, should help the UBC share price imo

they all seem to want to dance with UBC !)

Ah, who knows.
Perhaps the merger might actually be expanded to include....Audioboo !.
UBC Media share price data is direct from the London Stock Exchange

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