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Yolo Leisure Share Discussion Threads
Showing 501 to 525 of 525 messages
|Are the tides about to change here? Some buyers coming in obviously Believe so, oversold in my opinion!Good luck allHopefully news soon|
|Cheers phenomenon, nice article buddy. Good research :))|
|No worries laptop. Check the other thread - article in Sunday Express yesterday about a new Electric Jukebox product launching in Q3, a radio that connects to the internet and plays any radio station in the world.|
|Cheers Phenomenon for the information. Lot's of buyers coming in today :)) maybe news coming or just because it's become very oversold.|
|Hi laptop, yes I'm surprised too and have added recently. As for news, they seem to say what they need to when they have something to say. In terms of final results, since the reincarnation as Yolo (in 2014) the results have been announced a week before the end of March. For a 30 Sept year end it is a requirement to announce by the end of March, so it's unlikely to get delayed.|
|Bought in here recently guys, anyone know when we are due some news? Seems to be a few sellers around. I'm surprised it's gone so low after the 1p placing.|
|YOLOToday 09:19Yesterdays YOLO RNS has been covered by trader tim here
|Sorry, meant £169 inc VAT, ie £140 exc VAT.|
|apf - bear in mind Yolo doesn't have control of Electric Jukebox, it's just provided a loan which is convertible into a minority holding - albeit a substantial minority. I do think there are valid reasons of commercial sensitivity why the team at EJ would want the Yolo board to say as little as legally permissible without risking misleading the market.
Still - at the risk of thwarting that desire, we can use the requirement to file public accounts and make some reasonable assumptions, to thwart their sensitivities! As per my earlier post we know the stock figure at 31 December 2015. I'm going to assume virtually none were sold prior to the launch, and in the first 10 months of 2015 they were trying to find an investor for the launch, not spending cash on making more stock. It's £140 inc VAT, so the retailer's revenue is £140, let's assume EJ keeps £100 of the £140, and they're on 50% margins. On that basis it's a reasonable assumption that revenue is in the region of £0.7m give or take for the 9-week period, and that this amounts to in the region of 7,000 units. Plus or minus a thousand or so.|
|How many were the 'initial inventory' ?Pretty meaningless if they don't say how many. All those words in the rns, but no simple straightforward number mentioned.10?100?1000?|
|time to consolidate the shares say knock off two noughts, get a sensible share price, just a thought.|
|Note that the 31 Dec 2015 accounts for Magic Media Works show stock of £344,367. If like a lot of electronics manufacturers they have roughly 50% margins, net revenue would be around £0.7m give or take. Pretty damn good in 9 weeks!!|
|Yolo Leisure & Technology plc
("YOLO" or the "Company")
Successful UK Launch of Electric Jukebox by Magic Works
New Distribution Agreements
Development of new products in advance of launch in the USA
YOLO plc (AIM:YOLO) is pleased to announce that its investee company, Magic Media Works Ltd ("Magic Works"), has successfully launched its Electric Jukebox music streaming device in the UK and has now sold out of its initial inventory during the nine week period since its launch in late November 2016.
With more than 90% of UK internet users still to adopt music streaming services, the timing of Magic Works' launch targets a global mass market consumer audience of over 800 million individuals who formerly purchased music CDs regularly, providing a significant target market for its innovative range of Electric Jukebox products.
Having secured global licencing agreements with the World's major record companies, including Universal Music Group, Sony Music Entertainment and Warner Music Group, together with other major independent labels, Magic Works has now agreed new international arrangements which secure access to Amazon, QVC, BestBuy, Brookstone, FNAC and many other of the World's largest retail outlets supported by distribution agreements with Exertis and Wynit. As a result of these new arrangements, Magic Works now has distribution capabilities which will enable it to reach every major retailer in North America and Europe and as a result it is ideally positioned to launch its Electric Jukebox product range in the United States later this year at a time of unprecedented growth in consumer demand for music streaming services.
Having sold out of its initial inventory in the UK, Magic Works now intends to significantly enhance the functionality of its Electric Jukebox devices with new products, content and features, whilst at the same time delivering significant manufacturing cost savings via the introduction of a new chipset and enhanced voice recognition technologies.
With advertising-free access to a music catalogue of more than 29 million individual songs and some 3 million albums in combination with more feature rich, lower cost product offerings, Magic Works believes its offering is ideally positioned to satisfy the music consumption needs of the United States, UK and continental Europe.
Simon Robinson, CEO of YOLO said: "We believe that Magic Works is at the cross section of two of the hottest sectors in the technology industry - Voice Controlled Consumer Electronics and Digital Music Streaming. Having successfully launched Electric Jukebox from a standing start, Magic Works has demonstrated that there is strong demand amongst customers for a dedicated pre-paid, voice activated music streaming device and with a range of enhanced products and significant international expansion planned for 2017, we believe that Magic Works is well placed to build upon these early successes and scale the business materially from a solid base".|
|as i said many times in the last few months on here , qvc uk has help so much with the sales and if qvc usa goes the same way !!|
|RNS sounds extremely encouraging, Electric duke box sold out in the UK and lauching in US - $$$$|
|In no hurry to show xmas sales, wonder why, share price says it all.|
|IM late reported buy|
|And 'ere we go....YOLO|
|2M buys 600k Sells|
|More to come here. Bounce off the lower bollinger to break 1p|
|Added more today|
|Perhaps YOLO will actually be a serious MULTI BAGGER during 2017?!?!?|
|And the rest!|
|2P COMING UP NEXT WEEK|
|this is climbing again|