|Ubc Media Group
||EPS - Basic
||Market Cap (m)
Real-Time news about Ubc Media (London Stock Exchange): 0 recent articles
|smithie6: (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.
his complete lack of success is clearly visible looking at the 10 year share price chart for UBC.
Done many corporate actions over 10 years.
All have failed !!.
(bt. one company at X and then sold it for a fraction of the price around 2 years later !!)
..imo in return for scratching the back of IMG ...they will make sure he is OK in coming years. I expect that in return for helping IMG
- getting 50% pay rise, and if departs in a few months as I think is higly likely he then gets that 50% pay rise included in his loss of office payment.
- large share options package in 7DIgital...and as a result he is able to SELL all his UBC shares in the merger, pocketing the cash (around 300k) while still having a large exposure to any possible upside in share price of merged entity by having a big wadge of share options..but not of his cash will be at risk !!...a clear win-win for him
- mega director car
- large jump in benefits
the other analogue radio boys from UBC are all stepping down.....
imo Simon Cole is likely to be moved sideways soon as well
to be an non-exec. or a manager or an advisor
(and I reckon he has a promise that he can keep his share options)
Perhaps SC should also step down at same time..or be an adviser or non-exec.
They might be fine as operators of analogue radio stations ...and picking presenters....for the days of TOny Blackburn or Bruno Brookes
but not skilled at operators in digital radio and digital app market...
dont have app or IT development/management backgrounds
Too many items in this merger do not add up imo. Hence I have voted NO for 600k shares ....at the current terms.|
" In that time holders of Audio-boom might be sitting on huge gains as UBC goes down."
So, do you agree with me that the MD was negligent in the dilution of the UBC stake in Audioboo from 51% (see RNS) to 23% ?
If UBC shareholders vote YES to the merger with 7Digital...
then the MD will have turned the previous UBC shareholder stake in Audioboo from 51% (see RNS) to around 4%.....while the Audioboo share price has rocketted.
As I have posted....imho that is gross negligence.
And also breaks all the rules and recommendation in any paperwork about Venture Capital investing (eg. VCTs) .....which Audioboo was and is.
'if' the MD has in fact sold out of a deal that he is recommending to shareholders/investors....(I have yet to read the pdf files, assuming they have been issued now, I have read the details in the RNS)
I would question whether that breaks any rule/regulation.
"this is a good deal for you, vote yes, and you should buy the new shares to be issued.....while I think it is bad for me and I am selling all my shares" !!!
..I will try to see if the pdfs exist...and check...
"the RNS" listed no shares for the MD after the 7Digital merger ..if it happens
..ie. that he will sell...
If the FCA or London Police Finance dept. were to investigate...to see if any law or regulation had been broken
the cost to me is ....zero.
The FCA investigate, warn, fine and caution directors all the time....
they have a web page with a list.....bit of a shock to see how long it is !!|
|gekko68: You will notice the only person talking to you is a holder in Audio-boom. No one in UBC is backing you up. It would take years & allot of money which you would have too pay in legal costs for you too get anywhere. In that time holders of Audio-boom might be sitting on huge gains as UBC goes down. I only buy shares in companies that are going up. The share price says it all. There have been allot of interest in Audio-boom from large institutions,they have been buying up the share in the last few weeks. Looks like your director got rid of his holding in UBC,why do you think that is?|
weeks/months ago I posted that the logical thing to do...with UBC doing corporate activity ....was to first float Audioboo....
hopefully see the share price rise due to no shares available...and some demand for an exciting share in a growth sector perhaps lifting up the share price...
UBC has a higher cap. value and can obtain a better price when merging with 7 Digital...
very obvious and child level stuff.
Simon Cole , UBC MD, did not do it.
And appears to have over 50% of votes agreed to merge with 7Digital at a price that ignores that the UBC stake in Audioboo has multiplied in price x 3.
And what has happened to the 1M pnds lent to 7 DIgital ...no mention of it in the details I have seen so far.
All smells fishy to me.
As if Simon Cole, UBC MD, has quite happily agreed to sell UBC shareholders down the river. Doesnt add up to me.
Can shareholders vote NO to the deal as it is and require better merger terms ??
and/or take the Audioboo transaction to court....with UBC dirs. failing in their legal duties to try to safeguard company assets and obtain shareholder benefit...rather than allowing new shareholders (from no-where) take up the new shares in Audioboo and UBC not take up any new shares. (company act requires pro rata share issuing)|
|smithie6: Simon Cole sold just over 1/2 of the UBC shares in Audioboo
since then the value of Audioboo has multiplied by 3.
Well done Simon.
You appear, at first sight, to be intentionally crucifying the long sufferring shareholders of UBC.
,,,and especially bitter for UBC holders since UBC had funded Audioboo...while it was super small and super risk
and been the lead investor...and had the option to own over 50%
Simon, it would appear to have been IMPOSSIBLE to have done it worse.
(you had for example....a large number of PIs who were taking risk by holding UBC shares....and who were fans of AUdioboo...and would have liked to have been asked to subscribe new money to help it grow.
Why was that not done ?
To invite in complete strangers....who then make/made the profit from Audioboo listing....
while the people that funded the losses of AUdioboo in past years...and lent it money ...(UBC and hence UBC shareholders....
well, appears that you spat in our tea.
(I will be voting NO to all upcoming resolutions)
If Simon Cole is incompetent....see 10 years of UBC share price.....then perhaps it is time to remove him from the bod.|
|hero: Well that's a bit of a shock to the system - at first glance you have to wonder
what on earth is going on but after delving a little you can see that the problem is the new company strike price given at 27p and a UBC dilution conversion 10:1 means UBC shares will struggle to push above 3p until the
conversion date other-wise it would make an instant premium on the strike price.
Of course I could be wrong and some savvy investors might realise UBC shares over the next few weeks offer a guaranteed low price entry into the new entity and keep on buying which would push the UBC price up and up !!
Once you start to work things through you see that it is perhaps what would need to happen so create a rush to buy at the undervalued 27p price. Lets hope the Financial Press come to the same conclusions and report likewise.
If you just look at 7 Digitals current earnings they should be around 15m pa so if you take a modest per of 10 it could give a value of 150m whereas the new shares priced at 27p only gives the co a value of 29m so there could be a rise of around 6 fold within a year. Equates to an old UBC share price of circa 18p.
If you add in UBC and Audioboom values plus combined synergies then that should add even more value to the share price.|
|smithie6: ...looks like +ve news items recently for Audioboo and UBC.
be interesting to see what the UBC share price does after joining with 7 Digital and the combined entity re-listing...ONE share price has done well, fingers crossed that UBC will as well|
|smithie6: ...you tell me what all the merger details will be ...and 7Digitals numbers for 2013..and Audioboo news (including fund raising) and any strategic tie up news.......
and then I'll hazard a UBC share price for you, how's that ! ;-)
(btw, I try to get 70% or so of things right..not everything (if only)..and let winners run while closing out anything falling in price...last year I had an amazing year, not expecting much overall this year (very difficult to find any very good risk/rewards now imo), except hopefully UBC perhaps.)|
"7Digital close to takeover of UBC Media
Reverse takeover will give 7Digital a market listing which could value the online music platform around £50m
By James Quinn
24 Nov 2013
7Digital, the online music platform, is close to signing a deal to takeover UBC Media Group which will see the business listed on the London Stock Exchange in the new year.
It is understood that a letter of intent has been signed between 7Digital and UBC which will allow the reversal to take place.
The deal will provide a stock market listing for 7Digital which could see it valued in the region of £50m.
The listing will provide an eventual exit route for 7Digital's backers, which include private equity firm Balderton Capital and Imagination Technologies, the chip designer run by Sir Hossein Yassaie.
Imagination also owns a stake in UBC, and is thought to have been one of the key drivers behind the talks.
The deal could be announced as early as Monday, alongside UBC's scheduled results, but it is thought it was still subject to final negotiations over the weekend.
It is believed to have been structured in two parts. The first part is a convertible loan, which will give UBC rights to a 3pc stake in 7Digital.
The second part is a letter of intent agreeing to 7Digital buying UBC, and then reversing into its listing.
The whole acquisition and reversal process is thought likely to take several months, and could lead to the suspension of UBC's shares when announced.
It is thought Simon Cole, UBC's chief executive will become executive chairman of the enlarged company, with Ben Drury, 7Digital's co-founded and chief executive, becoming chief executive.
7Digital is a fast growing music and content digital platform whose partners include Samsung, HTC and Pioneer.
Its consumer site has more than 25m music downloads available, with its most recent track chart showing Ellie Goulding, Little Mix and Lily Allen in the top five most downloaded.
UBC, which was listed on AIM in 2000, sold its profitable radio sales business for £11m in cash in 2008.
Since then one of its main assets has been its 34pc investment in audio-sharing site Audioboo, which is believed to have seen considerable growth in the past year.
UBC's share price has more than doubled since the start of the year, thought to be as a result of its investment in Audioboo.
Both companies declined to comment."
|blueball: I agree euclid its not worth a Twitter valuation.
say Audioboo are worth 5% of Twitter valuation thats $750mill.
UBC share price could be at least 100p.|
UBC Media share price data is direct from the London Stock Exchange