|International Brand Licensing
||EPS - Basic
||Market Cap (m)
Real-Time news about Intl.Brand (London Stock Exchange): 0 recent articles
|jake lewis: It is an interesting question what an appropriate current share price for the company is. I guess it comes down to how much value you attibute to goodwill of the new management and new strategy.
With net tangible assets after placing funds and recent disposals likely to be around £3.7m and a current market cap of £10.7m at the curent share price of 25.5p - this implies trade marks to be sold and goodwill equate to £7m of the market cap.
If, as someone estimated above that trade marks could be sold for £2m, then this would value the goodwill at £5m or just under half the current share price.
A good track record in a prior similar business is certainly worth a lot to shareholders in any new business. The question of how much however will be revealed if and when any new shares are placed or issued as part payment of an acquisition. In this situation the placees or aquired company will judge how much they are willing to pay for the goodwill.
My only concern is that profitable diagnostics businesses do not come cheap. If initial acquisitions are to be funded from internal resources then shareholders might find that the share price is a little more reliant on the alchemy principle in the short term!|
|philjeans: rob; four months now since the new strategy was announced and only one disposal RNS since.
I just figure we must be very close to another very significant announcement; particularly as we have seen some chunky trades in recent weeks.
We know what's going to happen - it's just the timing and the detail now.
Have faith my son; no way the directors have invested over £1M simply to see 12p on the share price over 6 months.
This is the start of the rise, not the end.|
|stirfry13: so based on £30m turnover and some profit we should be looking at a market cap of about £30m which means a share price of four times our current price in 18 months but some dilution is likely. is that right? help appreciated.|
|agreeable: looks like a car crash to me, they have lost £500k on trading offset by exceptional profit on sale of English Cricket Contract. But in doing so have lost the only high profile team contract they have, thus who will want to license brand in future or buy it.
How can a Non Exec Chairman take £70k in remuneration when the share price has done nothing but go backwards all the time he has been in charge.
Time this was buried and forgotten about|
|robward: Hi Phil
After months of watching the share price drift, I'm happy to crack open the Moet...it was a gift anyway..lol
On a more serious note, I was taking a look at the last set of Interims and I'm still of the belief that IBL is seriously undervalued. With an ever increasing income stream from Licensing from all around the world with £1.2 million in the Bank with a furthur £350,000 to come from the sale of the Trademark in Eastern Europe and with a mere £3.3 million Market Cap, this is an absolute steal.
Happy to hold for years to come.
|guru11: Cost of sales were up by £725k, yet admin costs were down £561k ?
Share price 36p in January 2005.
Otherwise a pe of 9, 3 yearly peaks, and one to watch.
Is the rise now all down to the Ashes, or can the rise continue this year.|
|the shuffle man: Looks like we are on the move back up again, just that large sell last week in a quiet market that pushed the share price down to far, these look too cheap at current levels|
|ntv: looks like results due end of march
sales of cricket shirts etc doing nicely!!!!
asda sales seemed to have slowed since the initial rush in the first few weeks
they know they need a guy to make asda more aware of the brand and its true potential
otherwise the share price will drift further|
|tony5505: INTERNATIONAL BRAND LICENSING (AIM:IBL) 27.5p BUY
While International Brand Licensing's former parent Hay and Robertson (AIM:HAY) flounders (see page 29) this company is busy ensuring it does not go the same way.
IBL was demerged from H&R in May 2002, and although it got off to rather a slow start, that now seems to be changing. Word on the street is that ASDA and IBL are about to announce that the latter's Admiral junior cricket wear will be rolled out across 100 stores in time for the Cricket World Cup this summer.
There are also rumours of a £25 million contract, although it remains unclear at this stage which of the brands it relates to. As well as holding the rights to the Admiral sporting brand, of which ASDA is its exclusive UK licensee, IBL also owns the rights to Mountain Equipment.
Big Hit, which held the Admiral licence before ASDA, went bust last year, with royalty income from Admiral UK falling from £512,000 to £14,000 and causing the company to record a loss for the first six months of last year.
There may be some upside from IBL investigating the possibility of recovering some of the monies owed, but greater upside comes from its ASDA deal, which already has a strong clothing bent through its George franchise. IBL also has Admiral licensees in Benelux, Germany and Canada, which is part of its attempts to create a global sporting brand.
Mountain Equipment is similarly licensed out, and the UK and European licensee OSC was bought by Swiss Cutlery last April which should give it stronger finances to distribute and extend the range, with plans for a number of new products.
The company raised £500,000 in January to fund working capital, on top of the small amount of cash it had at the end of June, the month of the most recently published results.
House broker Collins Stewart has no published forecasts in the market place, and full-year results to December will be out by the end of June.
IBL appears to offer private investors an opportunity to get in on the act before the institutions find out about it, and on this basis, the 27.5p share price seems fairly cheap, especially when it listed at 40p in May 2002.
Kylemore Investments Mark Levinson's investment vehicle recently upped its stake by 2.14% to 23.6%. Other investors should follow suit.
The Admiral brand will be a real winner with the help of ASDA's retail expertise.
Untapped value in the Mountain Equipment brand.
Talk of significant new contracts is no bad thing.
BUSINESS: Brand licensing
Market Capitalisation: £8.3 million
Historic PE: 11.45
Prospective PE: n/a
Dividend yield: Nil|
|sirshagalot: amazing that huh? that a company was worth 1.60-1.80 a share now the split both companies share price falls.
i'm sorry to say it but i will both companies are a dog!.
just look at past charts its a mess|
International Brand Licensing share price data is direct from the London Stock Exchange