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UBC Ubc Media

3.25
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Ubc Media UBC London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 3.25 00:00:00
Open Price Low Price High Price Close Price Previous Close
3.25 3.25
more quote information »

UBC Media UBC Dividends History

No dividends issued between 19 Mar 2014 and 19 Mar 2024

Top Dividend Posts

Top Posts
Posted at 25/5/2014 18:40 by smithie6
value of 7Digital
not sure I would give anything for it....
11M turnover and used up 5M cash in 2013...
turnover down 16% in 2014.

Frightening numbers imo.

UBC situation is much better imo.

I would happily reject the deal. Especially on current terms.
where 7Digital is way over valued imo....and UBC is way under valued.

UBC does not need to merge with 7Digital imo in order to work together.
or for UBC to license its patents to 7Digital.

UBC is currently in a low risk situation.....
- value in Audioboo is almost the same as its total cap. value.
- holds 2.8M cash (if 7Digital pays back that 1M)
- cashflow is small compared to that 2.8M cash held.
- holds patents which it can license or auction if preferred.

low risk share wrt its current mkt cap....
good level of cash held....
involved in growing sector

the 7Digital merger is completely unattractive imo...to UBC shareholders...
while it is ESSENTIAL to 7Digital....since about to run out of cash....
and heavily loss making....

and useful to IMG...since they want access to UBC patents... and 7Digital services...

If the new 7Digital hits the buffers..(runs out of money at end of Dec 2014)...IMG will imo just buy the bits of the co. out of administration.... for peanuts...perhaps they dont/wont care....and own 100% of the bits they want...including the patents....rather than just a %
with of course nothing for current or future UBC or 7Digital shareholders.
Posted at 25/5/2014 17:13 by smithie6
" Am I right in thinking the shell company shareholders in One Delta have tripled their original holding in value? While ours have halved! Says it all!"

thats what I make it as well.

----

Just made a post on action group msg board. explaining how 7Digital are paying around 1M in shares for
- 2.8M in cash in UBC.
- UBC patents
(WHICH IS WHY IMG INVESTED IN THE FIRST PLACE and have in reality been driving all the action ever since.....S. Cole is imo just a pawn....acting largely under IMG instructions...imo in return for scratching the back of IMG ...they will make sure he is OK in coming years. I expect that getting 50% pay rise, large share options package etc etc)
- Note, IMG is not interested in the analogue radio parts of UBC....the digital parts, perhaps.
- UBC client list


----
The possible usefulness of UBC to IMG is easy to see.....
in addition to the patents...

UBC has IT experience in supplying digital stuff to Yahoo....and content to digital radio systems (been doing for years, hard for anyone to remove them perhaps from that service)..and their apps are used by Sirius satellite radio (26M users), and digital radio networks around the world....

so...
if IMG wanted to incorporate any of that with the UBC patents...and put it into a chip design and then license it to all digital radio makers then they can very easily....
but they need ability to use UBC patents...ideally to own/control them...
which they are doing via this 7Digital deal imo.

If IMG wants UBC ....then imo they can pay......

at present UBC shareholders are PAYING 7Digital to buy UBC.

We give them 2.8M cash plus the patents and other bits of UBC...and they give us 1M in shares in 7Digital for all of UBC aside from Audioboo...and 5M in shares in 7Digital for our stake in Audioboo. (in fact slightly less...since transaction price is 2.7p and not current 3.-3.5p)

imo such a deal can NOT be legally recommended by the bod to shareholders....

and hence if shareholders want to lobby the bod and/or regulators....we could perhaps get the conditions of the deal improved....or changed to not-recommended...

and/or UBC bod changes to not recommend the deal....and UBC is offerred for sale to the world. Maybe a US buyers would pay more than 1M to obtain 2.8M of cash AND the UBC patents.

Possible buyers of the patents include
- competitors to IMG (since IMG want the patents...then clearly their competitors would as well, if asked)
- Sirius radio (26 M monthly paying clients. 0.1$/month license would be 2.6M$ per MONTH to UBC)
- Google, MSoft, Twitter...for use with digital streaming radio
- car manufacturers (if you want to use the benefits of the UBC patents...then you can only do that if you buy one of our cars). (BMW, GM....have shed loads of money , just 1$ license per car sold would equal millions each year)
Posted at 25/5/2014 16:56 by smithie6
btw
Last accounts report that UBC had 1.8M of cash at end of Sept 2013.
That is after lending 1M to 7Digital and 400k loan to Audioboo.

So, removing the 1M loan to 7Digital it had cash of 2.8M.

UBC mkt value is now 6M.
THe value of its stake in Audioboo is now 5M.

Hence 7Digital is paying 1M nett , apart from the Audioboo stake, in shares (6M-5M) to buy

- 2.8M of cash.
- UBC patents which are granted in all of Europe, Auz, Canada and awaiting grant in USA (applied for donkeys years ago, so cant be long now to be approved or rejected, if rejected then all patents would be rejected ....unlikely since European patent reviews already considered USA patents when granting the patents for EUrope)
- client list
- digital radio app business....being used by Sirius radio, Bell Canada radio stations etc......(if you want to use any apps that use UBC patents in EUrope, Auz, Canada etc...then you can only buy or license from UBC)
Digital radio and internet streaming radio is high growth sector.
Sirius 26M clients who pay a monthly subscription, around 20-30$/month I think. If UBC could get 0.2 dollar license fee from each client for using an UBC patent protected app...then good profit per year. Sirius do all the distribution and payment collection. UBC would just be sent cash every month.
- UBC media traditional business, low worth.
- UBC work for Yahoo etc....has possibilities

(to invest need to think ahead.....if invest in a Sunday Newspaper tip when everyone else is ...then it is often at a high price and too late.)

If the UBC bod and MD seriously are recommending shareholders to vote yes to selling 2.8M of cash and the patents and the other stuff for 1M

...well, I for one do not agree.

I suggest that shareholders lobby the MD and major shareholders to get the terms of the deal with 7Digital re-negiotated so that UBC does not sell 2.8M of cash for 1M worth of 7Digital shares.

If the vote needs 75% ....then the deal on the current terms can still be rejected.
A simple RNS to say that new better terms have been agreed....could be enough to help to get the 75% that is needed. (I think it is 75%, of those that bother to vote). Sadly many PIs can not easily vote since shares in nominees....or will not bother to.
Posted at 20/5/2014 08:31 by smithie6
1) Escrow shares.
20M
anyone understand what are these 'escrow' shares ?

2) I see that the UBD MD S. Cole has gone...not even a non-exec.

he's perhaps happy in a way to take 1 year's salary pay off...

and if he is employed at manager level then perhaps he gets a wad of share options to help keep him happy.

and ensure he votes in favour of the deal

2B) the UBC part of the total looks surprisingly low imo considering
- the cash that UBC held
- the 1M lent to 7Digital
- 3M value in Audiboo, ONE; BOOM

UBC part looks to be valued at around 5-6M +/-
while I thought UBC had close to 3M , no

inferring 0M for UBC patents and existing business....

UHHHHH !!!!

UBC patents...fully granted for Europe, Auz and approval awaited for USA
VALUED AT ZERO !!!!!!

What ........ !!!!!


IMG invested in UBC because of those patents....

7Digital is merging with UBC because of those patents...

and IMG/7Digital have obtained them for 0 according to my basic calcs !!!!

I DONT UNDERSTAND IT.

(not that my votes will make any difference, but based on what I can see so far, I intend to vote no)


3) So, share placing....no shares offerred to normal shareholders in UBC....?!

but are the large UBC holders that are voting thru the deal being invited to subscribe for shares while normal shareholders are not ??

-----

very high dilution for UBC shareholders...
a concern since the beginning....
so....not very happy.....but clearly the UBC bargaining position must have been bad
or maybe the 7Digital negiotators were better
Posted at 02/5/2014 06:10 by someuwin
RNS Number : 1310G

UBC Media Group PLC

02 May 2014

UBC Media Group plc

("UBC" or "the Company")

Update on Audioboo Investment

UBC Media Group (AIM: UBC), the multimedia content and services company today provides an update on its investment in Audioboo Limited ("Audioboo"), and the proposed acquisition of 7digital Group, Inc.("7digital").

As announced previously, UBC signed non-binding Heads of Terms with One Delta plc ("One Delta"), a cash shell quoted on AIM, to acquire the entire issued and to be issued share capital of Audioboo in a potential all share transaction which would leave UBC with a significant stake in the enlarged group ( the "Audioboo Acquisition").

On 1 May 2014 UBC signed a sale and purchase agreement with One Delta under which UBC agreed to sell, and One Delta agreed to purchase, UBC's holding of 4,105,016 ordinary A shares in the capital of Audioboo for consideration of 87,029,307 ordinary shares of no par value in the capital of One Delta ("One Delta Ordinary Shares") at a deemed price of 1.5 pence per share, representing a value of GBP1.3 million. In addition, under the terms of the sale and purchase agreement, One Delta will issue UBC with 8,765,404 warrants to subscribe for One Delta Ordinary Shares at a price of 1.5 pence per share ("Warrants"). On completion of the Audioboo Acquisition, UBC will own 18.9% of One Delta. Upon exercise of the Warrants, UBC will hold 19.9% of the enlarged group.

One Delta has previously raised GBP3,485,000 for the purposes of funding Audioboo. The Audioboo Acquisition helps to secure the future of Audioboo, fully funds the business for development and leaves UBC with a significant holding. In addition, One Delta will seek shareholder approval to change its name to "Audioboom Group plc". Following shareholder approval One Delta's AIM trading symbol will become BOOM.

Update on Acquisition of 7digital

Concurrently, as part of the strategy to transform the Company, UBC is in the process of acquiring 7digital, a leading global supplier of digital music services. UBC announced on 17 March 2014 that it had signed Heads of Terms with 7digital and expects to publish an admission document by May 2014. Progress towards that end remains on track and further updates will be made as and when required. In accordance with the AIM Rules for Companies, UBC's shares will remain suspended until the admission document is published or the Company confirms that the acquisition of 7digital is no longer taking place.
Posted at 14/4/2014 18:26 by euclid5
Hello Michael Mouse,

The rns that somuwin posted is from ONE Delta - UBC will still hold a stake in Audioboo as mentioned in UBC's rns today:


Monday 14 April, 2014UBC Media Group PLC
Update

RNS Number : 8050E
UBC Media Group PLC
14 April 2014

14 April 2014



UBC Media Group plc

("UBC" or "the Company")



Update on progress of investment in Audioboo and proposed acquisition of 7digital

As part of this strategy, UBC has been seeking investment in its associate company, the fast growing audio social network platform Audioboo. As announced previously, UBC signed non-binding agreement in principle with One Delta plc ("One Delta"), a cash shell quoted on AIM, to acquire the entire issued and to be issued share capital of Audioboo in a potential all share transaction which would leave UBC with a significant stake in the enlarged group.

www.investegate.co.uk/ubc-media-group-plc--ubc-/rns/update/201404141710038050E/
Posted at 17/3/2014 07:08 by masurenguy
Update on Proposed Acquisition and Audioboo

RNS Number : 4299C
17 March 2014

UBC Media Group (AIM: UBC), the multimedia content and services company today provides an update on the proposed acquisition of 7digital Group, Inc. ("7digital") and on its investment in Audioboo.

Proposed Acquisition of 7digital

The Company announced on 25 November 2013 that it had entered into a Letter of Intent with privately owned 7digital with a view to creating a new publicly listed company combining the broadcast assets of UBC, including its investment in Audioboo, with those of 7digital. 7digital is a leading supplier of digital music services with a library of 25 million tracks. Both UBC and 7digital believe that the growth of digital music services is increasingly linked to the growth of listening to radio online and on mobile, creating a need for hybrid services which incorporate both radio listening, curated playlists and on demand music.

UBC is pleased to announce that it has now signed Heads of Terms with 7digital, outlining the detailed material terms of the potential acquisition of 7digital by UBC ("the Acquisition") and has agreed a period of exclusivity up to 4 April. The Acquisition, if consummated, would constitute a reverse takeover under Rule 14 of the AIM Rules for Companies and will therefore be conditional, inter alia, upon the publication of an admission document by the Company and the approval of UBC's shareholders at a general meeting. UBC expects to publish an admission document by the end of May 2014 and further updates will be made as and when required. In accordance with the rules of AIM, UBC's shares will remain suspended until the admission document is published or the Company confirms that the Acquisition is no longer taking place.

Update on Audioboo Investment

As announced previously, Audioboo, the fast growing audio social network, has been seeking further investment in order to support its development and growth. To that end, UBC is pleased to announce that it has signed non-binding Heads of Terms with One Delta plc, a cash shell quoted on AIM, to acquire the entire issued and to be issued share capital of Audioboo in a potential all share transaction which would leave UBC with a significant stake in the enlarged group. One Delta has announced today that it has raised £3,485,000 through the issue of new ordinary shares and confirmed the transaction. UBC currently holds 39% of the ordinary share capital of Audioboo. If the transaction completes as currently envisaged, UBC would hold just under 20% of One Delta plc.

Simon Cole, Chief Executive of UBC commented: "I am pleased that our strategy is progressing on track, and thank shareholders for their patience whilst we complete this transformation of the Company. Our aim is to create a new public company via 7digital which will be perfectly placed to exploit the rapidly developing market for online and mobile music services. The evidence is that the growth in this market will be in curated services which consolidate music and radio in one place and our new company will be perfectly placed here. Our strategic investment in Audioboo compliments this well and I'm pleased that today we have found a way to both finance Audioboo's future at a good valuation and secure value for our shareholders in any future growth."
Posted at 30/12/2013 15:03 by euclid5
In fact, Drury, who is also a co-founder at 7digital, notes a few reasons for tapping UBC instead of going it alone. First, there is funding: with 7digital founded in 2004, it's not really playing in startup territory anymore. "We may call ourselves that, or others may call us a startup, but we've been around for almost 10 years," he told me in an interview.

Second, there is speed of execution: "Going on to AIM by way of a reverse takeover of UBC is a way to accelerate our development," he told me. "This is a faster path."

Third - and perhaps most interesting for those watching how the digital music space is evolving - is what UBC would bring to 7digital in terms of product. The company owns several patents, it has an extensive catalog of audio archives, and it has infrastructure in place to create original content - "a skillset that could be adapted for the kinds of customers that we work for," Drury noted.

What could that mean? Right now, he says, the buzzword in digital music is "curation" and how to whittle down and shape the huge mass of music that customers have at the tips of their fingers but without much shape about what to listen to next. (Yes, the old water, water everywhere conundrum.) It sounds like what 7digital might be looking to do is help produce original content, or at least services that help point users to more tailored listening experiences that cut through the 7digital catalog.

His example: UBC currently produces a show for BBC Radio, called "Pick of the Pops," which picks a year and then runs through music from it. "Imagine that strong editorial role being adapted for the on-demand age," he told me. Along with that will come an evolution of the streaming music business model to offer more targeted "microsubscriptions" around particular genres or even playlists - not unlike the vision that Deezer is also eyeing up, creating deals that cut up the typical $10/month, all-you-can-eat offerings.

"Our platform and partnership roster has been growing steadily over time and we see continued interest in music globally, across online radio, subscription streaming, and downloads. We will continue to develop and scale the platform, and to innovate with new products and features," Ben Drury, CEO of 7digital, noted in a statement. "Radio, in particular, is an area where we see a lot of future opportunities, and we are thrilled that our new strategic investor and partner, UBC, shares this vision."

UBC says that the deal will play into a wider strategy that it has to develop more digital services around audio content, with the interactive media market offering "the best opportunity for growth as so-called 'connected' devices became more important for the consumption of content."
In fact, Drury, who is also a co-founder at 7digital, notes a few reasons for tapping UBC instead of going it alone. First, there is funding: with 7digital founded in 2004, it's not really playing in startup territory anymore. "We may call ourselves that, or others may call us a startup, but we've been around for almost 10 years," he told me in an interview.

Second, there is speed of execution: "Going on to AIM by way of a reverse takeover of UBC is a way to accelerate our development," he told me. "This is a faster path."

Third - and perhaps most interesting for those watching how the digital music space is evolving - is what UBC would bring to 7digital in terms of product. The company owns several patents, it has an extensive catalog of audio archives, and it has infrastructure in place to create original content - "a skillset that could be adapted for the kinds of customers that we work for," Drury noted.

What could that mean? Right now, he says, the buzzword in digital music is "curation" and how to whittle down and shape the huge mass of music that customers have at the tips of their fingers but without much shape about what to listen to next. (Yes, the old water, water everywhere conundrum.) It sounds like what 7digital might be looking to do is help produce original content, or at least services that help point users to more tailored listening experiences that cut through the 7digital catalog.

His example: UBC currently produces a show for BBC Radio, called "Pick of the Pops," which picks a year and then runs through music from it. "Imagine that strong editorial role being adapted for the on-demand age," he told me. Along with that will come an evolution of the streaming music business model to offer more targeted "microsubscriptions" around particular genres or even playlists - not unlike the vision that Deezer is also eyeing up, creating deals that cut up the typical $10/month, all-you-can-eat offerings.

"Our platform and partnership roster has been growing steadily over time and we see continued interest in music globally, across online radio, subscription streaming, and downloads. We will continue to develop and scale the platform, and to innovate with new products and features," Ben Drury, CEO of 7digital, noted in a statement. "Radio, in particular, is an area where we see a lot of future opportunities, and we are thrilled that our new strategic investor and partner, UBC, shares this vision."

UBC says that the deal will play into a wider strategy that it has to develop more digital services around audio content, with the interactive media market offering "the best opportunity for growth as so-called 'connected' devices became more important for the consumption of content."

UBC and 7digital's non-legally binding Letter Of Intent says that the two will outline terms of a potential acquisition of 7digital by UBC by no later than December 16, 2013, "with a view to entering into a definitive sale and purchase agreement by 30 April 2014."

UBC says the new publicly-listed company would combine its existing UBC assets, its investment in Audioboo, and 7digital, with 7digital's Drury would become the CEO and UBC's CEO Simon Cole taking on the role of chairman. Customers would include the BBC and Yahoo (two of UBC's current clients) and Samsung and HTC (two of 7digital's), with business operations in 42 countries and covering 5 million registered users and services pre-loaded on 60 million mobile devices. "In content terms, the new company will have an archive of thousands of hours of entertainment programming, producing 1,200 hours of new material a year and have a licensed catalogue of 25 million music tracks and audiobooks," UBC notes.
UBC and 7digital's non-legally binding Letter Of Intent says that the two will outline terms of a potential acquisition of 7digital by UBC by no later than December 16, 2013, "with a view to entering into a definitive sale and purchase agreement by 30 April 2014."

UBC says the new publicly-listed company would combine its existing UBC assets, its investment in Audioboo, and 7digital, with 7digital's Drury would become the CEO and UBC's CEO Simon Cole taking on the role of chairman. Customers would include the BBC and Yahoo (two of UBC's current clients) and Samsung and HTC (two of 7digital's), with business operations in 42 countries and covering 5 million registered users and services pre-loaded on 60 million mobile devices. "In content terms, the new company will have an archive of thousands of hours of entertainment programming, producing 1,200 hours of new material a year and have a licensed catalogue of 25 million music tracks and audiobooks," UBC notes.

hxxp://techcrunch.com/2013/11/25/samsung-htc-music-partner-7digital-picks-up-1-6m-loan-enters-into-reverse-takeover-talks-with-ubc/
Posted at 29/12/2013 15:12 by smithie6
For me
....as I have posted before....I dont want a lot of dilution for my UBC shares.
..and I dont want too much risk of UBC going bust or having large dilutive share issues (UBC can not support 7Digital running losses for many weeks or months).....
while on other hand ....UBC and 7Digital as a team would produce various advantages and possibilities for existing UBC shareholders...incl. cross selling

UBC was developing nicely imo on its own...and imo should benefit if stays on its own, over time, from
- its IP
- growth in connected device numbers, incl smartphones and smart TVs
- growth in digital radio
- licensing

and UBC had the cash to support itself on that business model through to profitability imo. So, if there is no deal and UBC stays as it was, its fine imo.

(personally I dont want dilution of more than 25% to existing UBC shareholders...because it would dilute the part we own in UBC patents and future UBC income from those patents and licensing...and would dilute the part current UBC shareholders own in Audioboo.
(Sirius XM is a Bn$ company with 22M dig. radio subscribers, it is not using technology from a dot of a company (UBC) located in another continent just for fun !)
---

If dilute 25% but produce a team 50% stronger then it is a winner.
If dilute 50% but produce a team 50% stronger while exposing oneself to supporting monthly losses at 7Digital and diluting by 50% the part owned by current UBC shareholders in Audioboo ......then it would perhaps be a bad deal imo.
Posted at 12/12/2013 14:21 by smithie6
Mach100
"Surely Twitter would have been better to link up with, unless UBC were already rebuffed. If so, why not stay independent? "

Very valid question imo.

imo the big boys (IMG, Samsung ...) want use of the UBC patents.

The best approach for UBC is difficult for us to analyse I think since we cant see the terms of any possible deals

OPTIONS for UBC that I see
a) Whether UBC should partner with key players, while staying independant (which it is not since IMG holds approx. 13-15%)
and license their IP to anyone

b) partner with key players and allow key players to take a % stake in UBC...in order to help that those key players then roll out UBC IP and not IP from AN Other.

c) merge with key players to be part of a stronger and bigger entity, that is better able to develop and operate at global level and able to self develop more of its own systems to then roll out/license

the current merger proposition is option c)....and also following option a)

Noting there are imo at least 2 different main subjects, UBC IP (Radioplayer etc), Audioboo. The older business of UBC such as producing radio content, low profit, low growth and UBC has been getting rid of large parts of it, while ramping up any bits it can licence/sell via internet....but largely irrelevant from investing viewpoint as far as I can see.

licensing via IMG is imo an excellent route for UBC...with mass market possibilities via a much bigger player/company...noting that IMG is also licensing its technology (with UBC IP inside it imo) to other chip design companies...so it could quickly become established and mass market.

noting that UBC is, imo, too small to build systems using its IP and then roll it out IP globally over a short time frame

and recording that UBC lost 2M when it tried to roll out its technology back in 2008 or 9 or 10 with Cliq1....(imo it went too early when there were not enough smartphones or digital radios in use)...and that UBC is a small co. with a small IT team..so going it on ones own is difficult.

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