Air Music&Media Share Discussion Threads

[davidsheila1] 30/7/2008 08:42

blue again today so far may something brewing

[aleman] 29/7/2008 23:58

Resistance at 70p looks fairly stong so 65-70p looks likely for a while.

[8trader] 29/7/2008 18:53

David.

Never used Motley Fool, i do find that website a bit of a minefield
although the quality of posts when pasted over here do seem a lot better
and there's nothing i can add that the poster would not already know.

We have our own accounts expert here who holds a lot of Amu and that's
tanners but he's a busy chap but he pops in now and again, i think he
was like me and friends in what is the point of holding everything else
when Amu is so cheap but the simple of logic of not putting all your eggs
in one basket stops us from going 100% in Amu just in case.

Goonertone.

From memory and a quick glimpse on the chart support is around 55-57p and
resistance is around 70p, been a while since it broke 80p apart from the
brief spike on results last year, going to be difficult but a slow and
steady rise will be better than spikes on results because they never sustain.

I'm sure Amu will have something lined up for the end of the year in way
of a acquisition or a nice dividend payout, just a little bit of patience
is required.

[goonertone] 29/7/2008 14:56

Do we have any chartists lurking in the shadows who would like to show us what their dark arts foresee.

My quick join the dots school of charting appears to show some short term intra day downtrend being broken and approaching a very strong support/resistance at 66 and a bit which is also a longer term downtrend line if we get past that theirs not a lot in the way.

However I only got just past the prefix in my charting book others may well see it differently.

GT

[davidosh] 29/7/2008 14:33

Maybe you should add your thoughts over on that thread ..

[8trader] 29/7/2008 14:15

FM..you've lost me !

Nothing wrong with that article david but now you cant overlook the
cash generation, same old profits but not debt reduction in previous
years but cash build up, they will end up 5 mil cash by year end
and this time and maybe if everything goes ok they will cash the same
as the current market cap by xmas next year.

[davidosh] 29/7/2008 11:44

Mentioned in PP over on TMF and some discussion there

[fmcalorum] 29/7/2008 11:35

8T - its AMU (Music Box Leisure)

EUK extends CD contract with Morrisons

Tuesday July 22, 2008 Musicweek By Ben Cardew

EUK has agreed an extension to its three-year relationship to supply 375 Morrisons stores with home entertainment products and books until February 2011.

Under the deal, EUK will continue to supply the supermarket with chart CDs, DVDs, games and books, while Music Box Leisure will continue to supply non-chart music and DVD products to the chain.

EUK managing director Steve Lewis says, "In the past twelve months EUK has enjoyed a number of excellent contract wins, but it's also key that we maintain our existing customer portfolio. We are therefore delighted with the confidence that Morrisons has demonstrated in E.UK in reaching this extended agreement following a very successful three years together.

"Morrisons continues to push forward as a progressive and proactive national retailer with extremely impressive growth in home entertainment, and we are thrilled to be an integral part of its future development."

[goonertone] 29/7/2008 11:23

I knew just mentioning rockets would work :)

GT

[8trader] 29/7/2008 11:17

Maybe both of them are FM, you never could gleam much info from
their website, tbo i'm not that concerned and look at the shareprice
start to move again.

[fmcalorum] 29/7/2008 10:57

Also from woolworths

`EUK has successfully renewed its contract to service WM Morrison with chart CDs, DVDs and computer games and books until 2011`.

Are AMU or EUK (Woolworths) supplying Morrison`s with their cheap CDs and DVDs

[8trader] 29/7/2008 09:33

From Woolworths report today.

"The retailer said that due to the continued strength of the entertainment
market, a larger proportion of sales came from lower margin CDs and DVDs, with a lower proportion from higher margin warm weather outdoor products and clothing"

[goonertone] 29/7/2008 08:28

Oh well my ramp fest didn't materialise last night but I have noticed somebody's had a nibble this morning and knocked another MM off the offer leaving 1 v 4 at the moment.

if this gets to 60p bid today then I can see it skipping up to 65-66 fairly quickly.

However I am a notoriously bad chartist and stock picker so feel free to treat my ramblings with the obvious disdain that they deserve.

GT

[8trader] 28/7/2008 16:50

lol

I think we'll do ok saying little, cant see many sellers at this level
and it's mostly trader free and if the mm's are short of stock and Mr Long
buying 25k can only provide support so i think it will keep edging up
without anything spectacular but a couple of pence every few days will
keep the regulars happy.

[goonertone] 28/7/2008 16:42

I'll do the 23.00 to 01.00 shift if you like.

DO I just have to put 120p soon or do I need to emphasise with 120p soooOOOONNN!!!

Maybe I could post a picture of a rocket blasting off. Would that help?

GT

[8trader] 28/7/2008 16:38

Well you want to glance at a old favourite of mine trading wise which
is Stp which is ramped non stop my loads on that thread, it's market
cap is around the same or now higher than Amu and when i look at it's
fundamentals i dont know how.

Maybe if all the regulars posted none stop here and all said 120p
soon we would get a good rise :-))

But TBO i'm well pleased with 1.5p rises now and again.

[goonertone] 28/7/2008 15:58

Looks like we may have a summer rally on our hands. Little buys are now pushing the price up rather than just being absorbed like previously.

Looks like the 50's could be a thing of the past by the end of today.

GT

[goonertone] 28/7/2008 15:40

Not seen online limits like the current ones for months if not more.

only buy 2kish at full price and you can sell up to 10k for 59.5 and offering 59p for 25k


GT

[8trader] 28/7/2008 15:24

Took a bit longer than i though but it's moving now.

For once Amu has a very nice chart and we all know the fundies
are sound so it's due a reasonable recovery in price, at least
65p short term would be acceptable.

[philjeans] 28/7/2008 11:04

Watch and wait; action on the way.

[philjeans] 28/7/2008 09:55

Good opportunity on CLTV currently; concert party of investors just built up their stake to 28% and a takeover looking very likely.

Sorted the debt; massive discount of assets to s/p, which is currently close to all time low and excellent medium term prospects.

See thread for details.

M/c less than £1m and could easily be a ten bagger.

[davidosh] 26/7/2008 14:01

A dividend around 40% of earnings as most companies give to their shareholders would be fine. That would equate to 8p initially and a mega dividend yield. However if they want progressive it would probably be better to start slightly lower at say 6p and add a penny every year. If eps goes up then a % divi payment has to automatically be higher. Progressive suggests a bigger % each year though I guess.

Lets face it though a near 10% yield would make investment here an interesting proposition for income funds and investors

[8trader] 26/7/2008 11:10

When you have no debt and generate 4 mil cash a year and have EPS of
over 20p i cant see the problem in paying 5p a year dividend but maybe
if i was their FD i too would take the cautious stance or maybe they
have some acquisitions lined up, it's coming up to the time when other
business's in their range should be very cheap to buy.

All in all i think the good times are around the corner for Amu, with
Peter Long topping up it's always a good sign as he really does not need
to do that with such a large holding.

I think Amu will break into the 60-70 range next week and then start
building strength there for the next leg to 70-80, nothing major or
exciting, just a gradual climb with most days of no change and then
the odd 1-2p rise.