![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Blue Star Mob | LSE:BTR | London | Ordinary Share | GB00B06HJN03 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.55 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:0063Y Blue Star Mobile Group plc 08 June 2007 BLUE STAR MOBILE GROUP PLC (AIM: BTR) Preliminary Results Blue Star Mobile Group PLC ("Blue Star"), the provider of mobile marketing and content solutions, announces preliminary results for the year ended 31 March 2007. Highlights - Turnover up 45% to #4.4m (2006: #3.1m) - Gross Profit up 73% to #1.8m (2006: #1.1m) - Gross Margin % increased to 41% (2006 35%) as contribution from higher margin brand and promotions increased significantly - EBITDA up to #213,000 (2006: loss #41,000) - Profit before tax up to #101,000 (2006: loss #65,000) - Profit after tax up to #62,000 (2006: #21,000) Operational Highlights - David Beckham - Negotiated and now manage the global agreement between Motorola and David Beckham. - 20th Century Fox - Production and delivery of mobile marketing campaigns to promote their launch of major film releases. - Bacardi Global Brands- Appointed as the Global Mobile Marketing Agency. - FIFA World Cup 2006 - Significant World Cup activity including the activation in the UK of T-Mobile's official sponsorship. - International Sales - International sales now 26% of total sales. - US Operation - The incorporation of Blue Star Mobile Inc and the opening, in October 2006, of its Chicago HQ. - China - Successful launch of "Mobile WOW" a communications platform in China, and commencement of process to set up business subsidiary. In his statement, David Cromwell, Chairman, said: "Our company has continued to grow and we have seen increasing internationalisation in our business. "As highlighted in our previous announcements the brand and product marketing area is where we saw the most growth opportunities and this has proved to be the case. "We will continue to develop relationships with new and existing partners in the UK and Overseas. In addition we will focus on media agencies to access brands where we see they have great opportunity to utilise the mobile channel." For further Information, please contact Blue Star Mobile Group PLC Parkgreen Communications Ltd Steve Clarke, Chief Executive T: 020 7173 2360 Paul McManus T: 020 7479 7933 Adam Hayes, Finance Director T: 020 7173 2360 M: 07980 541893 About Blue Star Mobile Group PLC The Group consists of three companies:- Blue Star Mobile Ltd is a leading market provider in developing and delivering mobile marketing solutions for large blue chip organisations. The company creates compelling propositions and delivers a complete end-to-end technical solution. Clients include: Motorola, News Group Newspapers, Sky, Bacardi and Zenith. Blue Star Sport Ltd specialises in providing sports marketing services to mobile brands. Its role is to negotiate, manage and activate sponsorship contracts in both the UK and overseas for its clients. Blue Star Sport's main clients are T-Mobile UK, acting as their exclusive football sponsorship agency and Motorola Inc, managing their David Beckham global partnership. Blue Star Mobile Inc is the North American subsidiary set up to develop mobile marketing and promotional activity in the US market. Its initial customers are Motorola and 20th Century Fox. Blue Star Mobile Group PLC Chairman's Statement The Mobile Market The mobile phone is the device that nobody leaves at home and it is becoming increasingly important for brands to have a "mobile strategy". Blue Star believes that the mobile content and mobile solutions industry is however extremely confusing to both consumers and corporates. The majority of consumers do not know how to download content or activate WAP settings. Corporates do not have the capability or resource to handle content rights, handset compatibility, content formatting and the ability to develop innovative marketing solutions using mobile. With its knowledge of the industry and its creative talents, Blue Star addresses these issues and delivers solutions to its customers. These solutions include building services that deliver access to both internet and corporate intranets. Even as consumers and corporates become more knowledgeable about mobile content and mobile solutions, we believe the industry will become more complex as mobile handset technology develops and mobile handset capabilities increase. Therefore the need for cutting-edge products and services will remain for existing and new clients alike. Financial Results The Group has generated a turnover of #4.4m (2006: #3.1m) in the year ending 31 March 2007. In the same period Gross Profit rose to #1.8m (2006: #1.1m) and the Group made a profit before tax of #101,000 (2006: loss #65,000). The Group made a profit after tax of #62,000 (2006 #21,000). The business held #0.3m of net cash at 31 March 2007 having invested cash in the working capital of the business. The Group commissioned and purchased a range of music tracks from leading DJs. These have then been sold on, on a short term basis, to customers as part of a promotion. The Group owns these tracks and anticipates ongoing future revenues from the tracks. The Directors do not propose the payment of a dividend. Business Review Turnover Analysis 2007 H2 H1 2006 Brand & Product Marketing 1,723 944 779 473 Channel Marketing 1,345 700 645 1,419 Sports marketing 1,366 616 750 1,172 Total 4,434 2,260 2,174 3,064 Brand & Product Marketing (turnover up 264%) Our role is to work with Blue Chip organisations to create new and innovative ways for them to promote their brand or specific product to their desired audience through the mobile channel, for which we receive a development fee and an ongoing management fee. This includes developing services that put both the internet and intranet onto the mobile phone in an effective way. The growth in H2 is underpinned by our expanding relationship with Motorola, for whom we delivered a number of promotions, including one linked to their sponsorship of the Brit awards and our first overseas orders for a sales information service delivered over a mobile handset to Motorola employees in China. We develop promotions and services in partnership with a number of advertising agencies and their brand clients. Corporate Brands we have worked with in this period include British Airways, Esselte, Virgin Mobile, Football Association and Sky. This is the area where we see most growth potential for the business, particularly as the capability of mobile handsets is increasing and brands and advertising agencies are becoming aware of the need to develop and implement mobile strategies. Channel Marketing (turnover down 5%) We work with media companies to develop and manage their mobile services, operating a revenue share business model which aligns the interests of all parties to deliver growth and offer a successful service. Growth was impacted by a reduced level of competitions run in H2 of this year and price erosion in the wallpapers and ringtones market. We have received approval to syndicate certain content with the Network operators and anticipate that this will return this channel to growth in 2007/8. Sports Marketing (turnover up 17%) Our role is to negotiate and manage all aspects of a customer's sports sponsorship activity for which we receive a pre-defined fee. As stated in previous announcements there was significant spend in H1 as T-Mobile was a major sponsor of the World Cup and the subsequent spend in H2 was reduced in line with expectations. The year saw T-Mobile further extend the contract to negotiate, manage and " activate" its English and Scottish football sponsorship until the end of the 2008 football season, although the level of activity is expected to reduce significantly. The year also saw the winning of the contract to manage Motorola's global agreement with David Beckham. 2007 H2 H1 2006 Sales 4,434 2,260 2,174 3,064 Gross Profit 1,838 1,026 812 1,062 Costs (1746) (936) (809) (1,137) Profit (Loss) before tax 101 94 7 (65) Profit after Tax 62 57 5 21 The key objectives for the period were to establish a profitable business and to support the growth and internationalisation of the business. We believe that we have delivered on both of these objectives. Gross Profit % rose to 41% reflecting higher margins in the Brand and Product Marketing area. Costs were up 55% reflecting the growth in salary costs as we expanded the team to support the growing business, and an increase in travel costs linked to the international expansion of the business. Cost control remains a key focus of the team. The business moved into profit at both the operating and pre tax levels in the year. Outlook We believe that the business will continue to grow going forward as we exploit opportunities within the growing mobile marketing and content solutions markets. We will continue to encourage and exploit our entrepreneurial management skills and culture, all of which are needed in this market place and we remain aware of the need to continue sound financial disciplines as we grow and expand. We will continue to develop relationships with our existing partners in the UK and Overseas. In addition we will focus on media agencies to access brands where we see they have great opportunity to utilise the mobile channel. Blue Star Sport Ltd will seek to diversify its client base further whilst targeting opportunities within the sports and mobile sectors. Summary We are pleased with the performance of Blue Star Mobile Group PLC to date and whilst we understand the challenges ahead, we are very excited and optimistic about the potential that our business can realise in a rapidly growing market. As a start up business, now showing strong growth trends we recognise the valued part played by our people. It takes courage, commitment and self belief to invest one's career in a new business and it is precisely these attributes, along with creativity and skill, that have delivered the performance to date. We will continue to value and invest in our people and continue to safeguard the interests of our investors. David Cromwell Chairman 8th June 2007 CONSOLIDATED PROFIT AND LOSS ACCOUNT Year ended 31 March 2007 Unaudited Year Audited ended Period ended 31 March 31 March 2007 2006 Note (Restated) #'000 #'000 TURNOVER 4 4,434 3,064 COST OF SALES (2,596) (2,002) GROSS PROFIT 1,838 1062 Administrative expenses (1,746) (1,137) OPERATING PROFIT (LOSS) 92 (75) Interest receivable and similar income 9 10 PROFIT (LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION 101 (65) Tax on profit on ordinary activities (39) 86 RETAINED PROFIT FOR THE FINANCIAL YEAR 62 21 BASIC PROFIT PER ORDINARY SHARE p/share 5 .21 .07 FULLY DILUTED PROFIT PER ORDINARY SHARE p/share 5 .21 .07 There are no recognised gains and losses other than those passing through the profit and loss account. CONSOLIDATED BALANCE SHEET As at 31 March 2007 Unaudited Audited As at As at 31 March 31 March 2007 2006 (Restated) Note #'000 #'000 FIXED ASSETS Intangible Assets 476 426 Other tangible fixed assets 30 25 506 451 CURRENT ASSETS Debtors 1,398 805 Cash at bank and in hand 274 400 1,672 1,205 CREDITORS: amounts falling due within one year (1211) (763) NET CURRENT ASSETS 461 442 TOTAL ASSETS LESS CURRENT LIABILITIES 967 893 CREDITORS: amounts falling due after more than one year - - NET ASSETS 967 893 CAPITAL AND RESERVES Called up share capital 7 295 295 Share premium account 7 1,225 1,225 Share option reserve 7 21 9 Reverse acquisition reserve 7 (211) (211) Profit and loss account 7 (363) (425) EQUITY SHAREHOLDERS' FUNDS 967 893 CONSOLIDATED CASH FLOW STATEMENT Year ended 31 March 2007 Unaudited Audited Year ended Period ended 31 March 31 March 2007 2006 Note (Restated) #'000 #'000 Net cash (outflow) from operating activities 6 (112) (214) Returns on investment and servicing of finance Interest received 9 10 Interest paid Net cash inflow from returns on investments and servicing of finance 9 10 Taxation UK corporation tax paid - - Capital expenditure and financial investment Payments to acquire tangible fixed assets (23) (15) Net cash outflow from capital expenditure and financial investment (23) (15) Acquisitions and disposals Payments to acquire subsidiary - (98) Cash acquired in subsidiary - 26 Net cash (outflow) from acquisitions and disposals - (72) Equity dividends paid - - Cash (outflow) before financing (126) (291) Financing Issue of share capital - 1,051 Expenses incurred in issuing share capital - (155) Repayment of borrowings - (646) Net cash inflow from financing - 250 (Decrease) in cash (126) (41) NOTES TO THE PRELIMINARY FINANCIAL INFORMATION Year ended 31 March 2007 1. The financial information included in the report comprises the consolidated profit and loss account, the consolidated balance sheet, the consolidated cash flow statement and notes 1 to 10. These have been prepared in accordance with the normal accounting policies of the Group. Change in accounting policy The group has adopted FRS 20 Share-based payments. The adoption represents a change in accounting policy and the comparative figures have been restated accordingly. Employees of the group receive part of their remuneration in the form of share-based payment transactions, whereby the employee provides services in exchange for shares or rights over shares (equity-settled transactions). The fair value of employee share options is calculated at the date of grant using the Black- Scholes model. In accordance with FRS 20 the resulting cost is charged to the Profit and Loss account over the vesting period. The value of the charge is adjusted to reflect the expected and actual levels of vesting. This resulted in an additional charge of #9,000 in period ended 31 March 2006 and a charge of #12,000 in the year ended 31 March 2007. 2. This financial information does not constitute statutory accounts within the meaning of s240 (5) of the Companies Act 1985. 3. Blue Star Mobile Group PLC was incorporated on 25th February 2005. In the consolidated financial information the group adopted reverse acquisition accounting for its acquisition of Blue Star Mobile Ltd in March 2005. 4. Analysis of Turnover By Segment Unaudited Audited Year Period ended ended 31 March 31 March 2007 2006 #'000 #'000 Channel Marketing 1,344 1,419 Brand and Product Marketing 1,723 473 Sports Marketing 1,367 1,172 Turnover 4,434 3,064 By Destination Unaudited Audited Year Period ended ended 31 March 31 March 2007 2006 #'000 #'000 UK 3,262 2,908 Overseas 1,172 156 Turnover 4,434 3,064 By Origination Unaudited Audited Year Period ended ended 31 March 31 March 2007 2006 #'000 #'000 UK 4,378 3,064 USA 56 - Turnover 4,434 3,064 5. Earnings per Share The calculation of basic earnings per share is based on the profit for the financial year of #62,000 and the weighted average number of ordinary shares in issue during the year of 29,528,163. The calculation of the diluted earnings per share is based on the basic earnings per share adjusted to allow for the dilutive effect of contingently issuable shares. 6. Reconciliation of operating loss to net cash inflow from operating activities Unaudited Audited Year Period ended ended 31 March 31 March 2007 2006 #'000 #'000 Operating profit (loss) 92 (75) Depreciation 19 12 Amortisation of Intangibles 80 - Amortisation of Goodwill 22 22 Share Option Charge 12 9 (Increase) in debtors (632) (531) Increase in creditors 295 349 Net cash (outflow) from operating activities (112) (214) 7. Statement of movements on share capital and reserves Called up Share Reverse Profit share Share option acquisition and loss capital premium reserve reserve account Total #'000 #'000 #'000 #'000 #'000 #'000 At 31 March 2006 295 1,225 - (211) (416) 893 PYA - Creation of share option reserve - - 9 - (9) - At 31 March 2006 revised 295 1,225 9 (211) (425) 893 Retained profit for the period - - - - 62 62 Share Option Charge - - 12 - - 12 At 31 March 2007 295 1,225 21 (211) (363) 967 8. Financial Information This preliminary announcement does not constitute statutory accounts within the meaning of Section 240 of the Companies Act 1985. The statutory accounts for the period ended 31 March 2006 have been delivered to the Registrar of Companies and included an audit report which was unqualified and which did not contain a statement under Section 237(2) or (3) of the Companies Act 1985. The statutory accounts for the year ended 31 March 2007, upon which the auditors have still to report, will be delivered to the Registrar following the Company's Annual General Meeting. 9. Annual Report & Financial Statements The Annual report and Financial Statements will be posted to shareholders shortly and will include notification of the date of the Annual General Meeting. 10. Copies of this statement and the annual report will be available to the public for collection at the Company's registered office at 116 Gloucester Place, London, W1U 6HZ. This information is provided by RNS The company news service from the London Stock Exchange END FR SSDFWWSWSEFM
1 Year Blue Star Mobile Chart |
1 Month Blue Star Mobile Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions