Share Name Share Symbol Market Type Share ISIN Share Description
Mirada LSE:MIRA London Ordinary Share GB00B29WFV68 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 4.00p 3.75p 4.25p 4.00p 4.00p 4.00p 0 07:32:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 6.0 -0.8 -0.3 - 5.56

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07/4/201618:24MIRA MIRA on the Wall195
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Mirada (MIRA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
26/10/2016 15:42:264.1525,0001,037.45O
26/10/2016 14:08:554.0510.04O
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Mirada (MIRA) Top Chat Posts

Mirada Daily Update: Mirada is listed in the Media sector of the London Stock Exchange with ticker MIRA. The last closing price for Mirada was 4p.
Mirada has a 4 week average price of 3.94p and a 12 week average price of 4.13p.
The 1 year high share price is 6.50p while the 1 year low share price is currently 3.13p.
There are currently 139,057,695 shares in issue and the average daily traded volume is 50,399 shares. The market capitalisation of Mirada is £5,562,307.80.
battlebus2: Yes not sure but I suppose it could have been a lot worse so should see a lift in share price....
rambutan2: Prelims out and read as telegraphed. Televisa rev will make Y/E 2017 a more pleasant experience. But need a 2nd tier 1 contract for that big rerating.
wigwammer: "Not forgetting that a share price comparison only means something if same number of shares in issue".Yes and no, rambutan,Yes in the sense that the market cap fall is smaller than the price fall. Although the mc is still down 40-50% over that time. No in the sense that the proceeds from the dilutions have been used to increase the value of the underlying business - progressing the televisa contract has been a valuable use of funds (to my mind). No also in the sense that if you buy a share near its all time peak, you are buying near peak sentiment. Good news is expected. Whereas over recent weeks, with the shares trading at all time lows, you are buying with little expectation built in.Usually better to buy when others don't want to, even if it is psychologically harder.
rambutan2: Not forgetting that a share price comparison only means something if same number of shares in issue. We now have an extra 54m in issue ie gone from 86m in May 14 to 139m currently. A tier 2 deal would tie things over nicely and should be within current cash constraints. Once a few months rev has kicked in from upcoming Televisa cable cos (due to commence april) then a tier 1 should be doable without killer dilution. imho
wigwammer: The share price now is around a third of what it was in May 2014.It don't take a genius to work out why the reaction may be different this time.Hope that helps.
pj 1: Tier 1. May 2014. Was supposed to be the 'transformational and game changer' Telefonica etc, which resulted in delay after delay after delay, by placing and another placing. Maybe some research required? Can lightening strike twice?
glasshalfull: Positive update this morning confirming no further nasties lurking for FY 03/2015 Arden indicate that the shares are "massively undervalued" & following a breakeven outcome for year just ended, MIRA will move into significantly profitability in the current year that places them on a prospective PER of 9. 2015(E) Sales £5.9m EBITDA £1.4m PBT £0.0m 2016(E) Sales £7.6m EBITDA £3.0m PBT £1.5m EPS 1.2p They note, "The shift to a recurring license based model gives mirada the potential to command a substantially higher rating. With the shares trading on an EV/EBITDA of under 4x year one forecast to March 2016 and a PER of 8x, we see significant scope for share price appreciation. The underlying fundamentals of this business have significantly improved over the last 12m and this has yet to be reflected in the share price. On a year one EV/EBITDA of under 4x we believe the shares could easily double on a 12m view." Regards, GHF
paleje: Not sure how much you'd rely on this bunch but they have views, critical of the placing but supportive of the overall story and rate it a buy:- Mirada (MIRA) has announced 28 million new shares have been conditionally placed at 12.5p each to raise a gross £3.5 million (net £3.3 million). We are angry about certain matters but the shares are cheap. The provider of products and services to deliver interactive TV, Video-on-Demand, digital marketing and payment services updated on its 'tier 1' contract that "the set top boxes required for the commercial deployment will only be available in Q4 2014. As a consequence of this delay and the need to continue investing the new opportunities identified by the board, the company forecasted potential working capital pressures". It was also emphasised that the price of this resultant placing represents just a 2% discount to Friday's closing mid-market price. However, yet again in the days before a small cap placing, the share price has been noticeably hit – from more than 15p in mid June, the shares slipped back to a 14.75p close on 25thJune and from there fell every day to 12.75p on 3rd July. Arden Partners, who conducted the placing, there are surely questions to answer here! Does Arden have an insider list? Has the FCA been contacted. I bet you not. This sort of thing really does put ordinary peasant investors off AIM. Although we remain ahead on the 11.75p offer price at which the shares were tipped, a 30th July-scheduled General Meeting to approve the placing gives shareholders an opportunity to let their feelings known on it. We also note that "certain shareholders holding in aggregate 11.4% of the existing ordinary shares have agreed, to sell their entire holdings of existing ordinary shares to some of the institutional and other investors who are participating in the placing, at the placing price". This should mean weaker holders have been replaced with somewhat stronger ones and with "the tier 1 contract providing a strong reference point for Mirada" and the company noting a"growing pipeline of opportunities" and "huge scope" to build on its recent contract momentum, we see good potential for positive near-term news flow to drive the shares higher once again. Specifically we look for another tier 1 contract win and with the shares now on a 2015 PE of well below 5, we maintain a positive stance on the shares, although the manner of this placing does very much grate. Buy.
stegrego: A director tipping out 400,000 shares rarely does anything good for the share price. The chap may not be central to the operation, he may retain the vast majority of his holding but investors rarely read it well. That happened last week at Mirada (MIRA), the shares have slipped back to 15.25p and it is a chance for you to buy. The provider of products and services to deliver interactive TV, Video-on-Demand, digital marketing and payment services served up cracking news on 19 May. It stated that following a successful trial, "it has secured a major contract for its multiscreen product, iris, with a large established Latin American digital TV operator". There was also news in a separate update that for the year ended 31st March 2014 the company "expects to improve the EBITDA and net results" but it is the potential of the contract which you need to focus on. The contract could on its own drive Mirada to making a potential £2.5 million+ annual profit given the vast operational gearing of the license fee model which Mirada operates with. The announcement itself notes that "the contract is expected to generate significant revenues, starting in the second half of the financial year, which the directors believe should far exceed Mirada's yearly turnover over the next three to five years" (for the six months to 30th September 2013 revenue was £2.30 million, with the company on May 19th noting that "revenues for the second half were in line with those for the first half"). It was added that "the directors believe that winning this multi-million dollar contract will further strengthen Mirada's reputation in the industry, particularly in South America, and serve a as reference point for discussions with other broadcasters and operators" and that "the company continues to explore a number of exciting opportunities with a view to building on today's success". With also news that "rates of new subscribers gained are growing and we have seen a good momentum related to the upcoming World Cup in Brazil", there looks good potential for further positive newsflow in the near-term. At 15.25p the market cap is just over £13 million. Within eighteen months this company will be debt free. The only question for now is how many other large contracts are out there. We are of the view that we will see news (good news) on this front pretty soon. Even without that a multiple of just over ten times pre (and post) tax profits would imply a doubling of the share price. Buy.
scotty1: 10/03/2014 We tipped this stock to our members a couple of weeks ago at an 11.75p offer a couple of weeks ago on HotStockRockets. It is now 12.5p-13p but there is a long way to go. It is still a buy. The Opportunity: Mirada (MIRA), is a UK company operating mainly in South America. It has not met its forecasts historically and cash has been perennially tight. Perhaps you understand why this provider of audio-visual content has not exactly been a stock market darling. That leaves its shares at 12.75p capitalising the company at £10.9 million. But things are changing... The company raised £2.1 million before Christmas and has seen all of its (expensive) convertible loan notes converted into shares. It now has debt of £2.5 million but it is profitable. It is generating cash and it seems to have landed a vast contract which on its own could transform its fortunes. More big wins may be to follow. There will be plenty of news on that front in the coming months and with one very smart investor having hovered up any loose stock in the market this shares should double by the mid-year. Operations & Fundamentals: Results for the year to March 31st 2014 will be pretty similar to last time – when sales came in at £4.84 million, EBITDA £980,000 and PTP £240,000. The point to appreciate is that gross margins are 96% so operational gearing really does kick in if Mirada wins new business. The company has announced that it has signed a major deal in South America. Right now Mirada is doing the internal testing on its kit. That should complete within eight weeks and given the well-established nature of the product we do not see it failing. The customer will then beta test and that process should be completed by June at which point the orders go in and the scale of this contract dwarfs anything Mirada has delivered before. Incidentally the customer is paying the entire costs of all trials. We expect a series of announcements over the coming months leading to final sign off by midyear. This contract alone could well add £2.5 million to profits per annum for each of the next five years. And it is likely to be a catalyst for other deals. As investors twig that this contract is a) in the bag and b) how it can transform Mirada's fortunes any scramble for stock could drive a material re-rating. That is because there is very little loose stock available. We are aware that Guy Feld at fund manager Hargreave Hale not only bought into the placing but has since been hovering up any loose stock going in the market. Feld is a tech geek and knows his stuff and his holding is – we believe – now heading towards 10%. The short Term Newsflow: During the next four months we expect 1.A year end trading statement. The March 2014 numbers will not excite but what Mirada says about current trading will. We expect news of some smaller contract wins and confirmation that the upward trend in sales is accelerating. 2.News that Mirada has completed its own tests on the big contract ( 8 weeks) 3.News that the customer has completed its tests and placed the major contract ( end June) 4.Potentially news of another large contract of a similar nature. There are risks: Technology can fail. South America is not Surrey although Mirada operates in stable (these things are all relative) territories in South America. But if it delivers on this big contract it could well be delivering PTP of £2.5 million from the year set to start in five weeks' time. Tax will not be an issue for many a year and so nearly all that profit will turn into cash. This company could thus be debt free within 18 months. A growing business in this sector should be on ten times multiple or more. That implies almost 150% upside in the share price. These are all telephone numbers now but... The trade: There will be a cracking newsflow and there are now serious institutional buyers of stock. We allow a risk weighting for some glitch in this major contract but right now the share price does not reflect its potential at all. Buy at up to 13p with a 24p target price by early July - See more at:
Mirada share price data is direct from the London Stock Exchange
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