Asia Digital Share Discussion Threads

[flyingswan] 02/11/2011 08:25

Notes from previous statement:

-Well positioned within China's e-commerce sector, a major growth market

-Company has established a strong retained client base within India and Southeast Asia and is excited about the growth opportunities within China's e-commerce market

Progress in China has been slow but positive and we have seen the start of sales with campaigns executed for several high-profile brands such as Dell, Benefit Cosmetics, Marie-Claire, and Meritus Mandarin, with a number of additional brand campaigns under discussion.

As at 31 August 2011, we held a cash balance of GBP £341,000. It should be noted that this includes GBP £146,000 held within our Indian operation and this is subject to local regulatory repatriation restrictions.

In addition, and having satisfied all contractual conditions, the Company is due to receive the final deferred consideration payment from the sale of the DGM Australia business in November 2011, amounting to AU$428,000 (approximately GBP £278,000).

[flyingswan] 31/10/2011 16:14

Its all in the Video:

[almost] 29/10/2011 09:55

Even all Martin Sorrell's talk about the Chinese/online opportunity yesterday has had no effect on this dog!
They are either/both undercapitalised/too incompetent to compete with WPP, who seem to be doing very well there in this space. Also, what happened to their Singapore/pan-Asian deal with Omnicom/BBDO. That was much heralded a while ago, but has not been mentioned for a good while now.
I always thought that the only hope for ADH was to get taken out by Omnicom as their Asian online partner, but even that last hope has gone by the board. (No pun intended!)
What we now know is that the business opportunity was always there (at least they were right about that!), but the multinationals are steamrollering them totally.
....worse and worse, whilst the directors continue to live far too well on the rump of the investment, which we put in!

[flyingswan] 19/10/2011 15:36

Nice to see ADH up 15% today. Edit noticed it has jumped to 23%

[kemche] 17/10/2011 12:14

FS - and what does that tell me - it's nothing but guff. What exactly can we glean from that twaddle? And more importantly where is Vera Wang?

[flyingswan] 17/10/2011 12:03

Why not get the information from the horses mouth and listen to this interview by Adrian Moss:

[kemche] 17/10/2011 11:22

FS I think you missed my post - so just for you here it is:

kemche - 19 Sep'11 - 16:52 - 1319 of 1325

The salient points, without the rose tinted specs of FS, are these I believe. Let us try and discern what message is being conveyed from this random collection of quotes from the release this morning:

"The Company will focus its efforts on capitalising on the opportunities in this region in particular, as far as the ongoing working capital constraints will allow."
"We must invest in China and evolve ADH's technology platform to enable the Company to assume a strong market position and leverage that position to deliver shareholder value."
"However, our current working capital represents a material constraint to our ability to grow."
"Notwithstanding this, working capital in the business remains constrained and represents a severe restriction on the Company's evolution."
"However, we also highlight the steep learning curve that the Company is progressing along, as well as the length of the investment period required and the scale of the investment required.

To deliver on our strategy in China, and therefore at Group level, we need sufficient funds to invest in a more substantial team on the ground."

Further, although I am no accountant, I would appreciate someone more knowledgeable out there to explain this to me. Revenue for the six months equals 1.960m GBP whereas debtors equals 1.909m GBP - does that mean nigh on 100% of the sales invoices raised in the last six months have not been collected? In addition the current assets (debtors plus the cash) equals 2.3M GBP yet the current liabilities are 2.747m GBP. Is that not a wee bit precarious?

And finally the "growth prospect" that is China: six months to 30th June 2010 major customers in China = 1, revenue=7k, six months to 30th June 2011 major customers in China = 1, revenue = 262k (out of a total of 273k). Hmmm.

FS, am I reading this correctly? As always your help is much appreciated.

Any more conferences that we should be aware of by the way? And whatever happened to Vera Wang?

[flyingswan] 17/10/2011 10:52

Please note this comment from the Trading Statement released on the 29th July 2011: As at 30 June 2011, we have a cash balance of GBP £390,000. In addition, and having satisfied all contractual conditions, we are due to receive the final deferred consideration payment from the sale of the DGM Australia business in November 2011, amounting to AU$428,000 (circa GBP £278,000). So there should be no problems with cash until end of Q1 2012 IMHO. Remember that the second half of the year (i.e. current period) is their most productive, as stated by Adrian Moss. So greater cash flow may be being generated, than in the first half year results.

[halo1] 06/10/2011 03:23

FlyingSwan - what are you taking??

Even Blackster has stopped popping up with his rose tinted BS and got back in his box ..........

Watcher101 makes a valid point, get rid of Moss and maybe the company could be sold to deliver some shareholder value. How many times do we have to say it. Moss runs this like its his own piggy bank and Lees, should be ashamed!

[flyingswan] 05/10/2011 09:26

I am sure this will apply to China too.

The size of the internet advertising market has overtaken television for the first time as Britain's biggest advertisers flock to social networks and online video sites to target a younger audience. Companies spent £2.3 billion on internet advertising in the first half of the year, almost 14 per cent more than in the first half of last year, according to the Internet Advertising Bureau and PwC, the Telegraph reports.

[almost] 26/9/2011 12:04

is this lowest price ever?

[kemche] 19/9/2011 16:52

The salient points, without the rose tinted specs of FS, are these I believe. Let us try and discern what message is being conveyed from this random collection of quotes from the release this morning:

"The Company will focus its efforts on capitalising on the opportunities in this region in particular, as far as the ongoing working capital constraints will allow."
"We must invest in China and evolve ADH's technology platform to enable the Company to assume a strong market position and leverage that position to deliver shareholder value."
"However, our current working capital represents a material constraint to our ability to grow."
"Notwithstanding this, working capital in the business remains constrained and represents a severe restriction on the Company's evolution."
"However, we also highlight the steep learning curve that the Company is progressing along, as well as the length of the investment period required and the scale of the investment required.

To deliver on our strategy in China, and therefore at Group level, we need sufficient funds to invest in a more substantial team on the ground."

Further, although I am no accountant, I would appreciate someone more knowledgeable out there to explain this to me. Revenue for the six months equals 1.960m GBP whereas debtors equals 1.909m GBP - does that mean nigh on 100% of the sales invoices raised in the last six months have not been collected? In addition the current assets (debtors plus the cash) equals 2.3M GBP yet the current liabilities are 2.747m GBP. Is that not a wee bit precarious?

And finally the "growth prospect" that is China: six months to 30th June 2010 major customers in China = 1, revenue=7k, six months to 30th June 2011 major customers in China = 1, revenue = 262k (out of a total of 273k). Hmmm.

FS, am I reading this correctly? As always your help is much appreciated.

Any more conferences that we should be aware of by the way? And whatever happened to Vera Wang?

[flyingswan] 19/9/2011 13:51

"5 Seasonal Fluctuations

The business of Asia Digital Holdings Plc is subject to seasonal fluctuations, with stronger demand for services in the second half of the year."

They will be getting the Payment in November, which is only 6 weeks away, so I doubt they will need to raise money this side of Christmas.

They did say they are recruiting in China, so this could be more positive than a partnership. I.e. they will have local people who know the market, without having to give part of the company away.

All very positive IMHO

[kemche] 19/9/2011 11:48

Begging bowl anyone?

[analyst008] 19/9/2011 07:10

Interim results today?

[halo1] 19/9/2011 02:39

what a load of ............

[flyingswan] 14/9/2011 15:17

ADH BUY - If with British Bulls:

[halo1] 26/8/2011 02:42

and the share price is down again .......... is there any light in this dark, dark tunnel !!!

[halo1] 26/8/2011 02:41

SO FlyingSwan - let me get this right .........

Moss has sold the massivley profitable Australian business for a pittance and is clearly now running out of capital to keep funding his extended "holiday" in China so he now sells the groups 20% stake in DC Storm - A COMPANY MAKING MONEY (and sure to continue to do so) for less than the assets were secured at!!! 200k in against a worth of 233k

Simple question - HOW IS THIS GOOD???

Moss has consistently shown he cannot run a group, generate a profit or find ways of doing so. All he is good at, is selling assets to keep his lavish liefstyle in China still going. I doubt the half year figures will show us any marked improvement outisde of the cash in for selling assets that appear to be better than the Group.

I agree with Almost - WHAT is LEES thinking?? Is it a case of out of site out of mind, it's too late let him drive into the ground - WHY? I would like my money back and the only way to do that is to get Moss out

FS can put up as many nice graphs and theories as you like, but it still adds up to assets sales to prop up a loss making and balance sheet crippled business!

SO FlyingSwan or whatever other forms or delusional name you wish to be reffered as - what say you to this?