Share Name Share Symbol Market Type Share ISIN Share Description
Yoomedia Plc LSE:YOO London Ordinary Share GB00B29WFV68 ORD 100P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 126.50p 0.00p 0.00p - - - 0 06:40:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Unknown - - - - 0.00

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DateSubject
20/12/2007
15:57
ianwest: this mailed to the FSA, using the template posted by Ernest Scribbler on i i i but tidied up a bit and with my own postscript... I would urge everyone to send an email to the FSA. It will take moments, and if we all put 'Yoomedia' in the subject line it may catch someone's eye. Don't let the lying, fraudulent, criminal scum who have cost so many so much money get away with it - DO SOMETHING!!! FCC@FSA.GOV.UK ------------- Dear Sir Certain Directors of Yoomedia have agreed to defer amounts of salary and fees due to them. They have now agreed to waive certain amounts and accept part of outstanding net salaries and fees through the proposed issue of New Ordinary Shares at a price of £1.0962 per New Ordinary Share. It is proposed that this should be done as part of the Proposals, as detailed below: Director Outstanding Sum (£) No. of New Ordinary Shares Dr Michael Sinclair £250,000 228,061 Neil MacDonald £22,500 20,525 John Swingewood £50,000 45,612 Jeremy Fenn £15,000 13,684 Under AIM Rule 13 the proposed Directors' Fee Capitalisation in relation to Dr Michael Sinclair, Chairman, is a related-party transaction. The Directors, save for Dr Michael Sinclair consider, having consulted with Seymour Pierce Limited, that the terms of the transaction are fair and reasonable in so far as Shareholders are concerned. However shareholder concerns are that this is not 'fair and reasonable' since the offer we are getting is going to be a 1000 to 1 share dilution which has driven the market share price down to 0.1p leaving many investors virtually wiped out. How can this be allowed, Yoomedia were consistently promising growth and all the time it slipped further into debt. As a shareholder I am frustrated that the directors of Yoomedia have taken my money and then will form a new company placed at a price that means for each of my new £1 shares would need to become £500 for me to recover my loses. Please confirm you have recieved this email - and what your investigations uncover. There is a very strong suspicion among shareholders that YOOmedia company officers have deliberately (or negligently) misrepresented the company's position to shareholders over a period of years. Find below an email composed by myself and Dan Miller, another shareholder, to Michael Sinbclair at Yoomedia outlining our concerns and detailing where we think his statements have been inaccurate. It speaks volumes that we have not to date had a reply. I expect action to be taken and I look forward to your response. Yours faithfully, Ian West ---------------- [email message composed by Ian West and Dan Miller and sent to Michael Sinclair at Yoomedia September 5th 2007] Dear Mr Sinclair I am writing to you as a Yoomedia shareholder – I purchased £10,000 worth of YOO shares at 50p towards the end of 2004. After an initial spike shortly after I bought, the Yoomedia share price has declined in pretty much a straight line until it has reached its current sorry state sub-1p. I have many times been tempted to sell, but have always been encouraged by statements coming from yourself and Yoomedia management that a recovery was under way or was just around the corner. I thought it might be useful here to outline some of those statements, to remind you of what you have said in the past about Yoomedia. * In May 2003, the company having completed a fundraising, you stated you 'believed' the company had enough funds to see it through to profitability. Yoomedia proceeded to carry out further fundraising activities in August, September and October of that year. I stupidly believed this would provide enough funds moving forward. * In Q2 2005 you stated you 'believed' that the company would be EBITDA+ in Q3 of that year. When it didn't happen, you announced that you 'believed' the company would be EBITDA+ in Q4 of that year. Then Q1 of 2006. * In May 2006 you stated that you 'believed' Yoomedia would be EBITDA+ by year-end. At about the same time Group Managing Director Neil MacDonald stated that Yoomedia was on the 'cusp' of profitability. * You have just called the third EGM since September 2006, to be held on 19th of this month. You still have authority remaining from the last EGM to issue another 112.5m shares (authority to issue 200m shares less the 87.5m you have actually issued) and yet already you want authority to raise _another_ £5m – without even deigning to tell shareholders what you want to do with the money. * It is probably worth observing that so far, collectively, Yoomedia management has raised some £77m in funds – to end up with a company which, as I write, has a market cap of £8.43m. And now you want to raise _more_ money, with yet _more_ dilution for existing shareholders? Following the latest EGM announcement, and the news that the Avenues dating division has been placed into administration (profitable when bought, 3 years later put into administration!), I have now decided that enough is enough. My original stake is now worth £200 – you have destroyed 98% of the value of my investment - more, taking the spread into account. This is one turkey at least that has had enough of voting for Christmas. I long ago ceased to have any confidence in your judgement or abilities but held on in the hope that I was wrong and a turnaround would materialise. I realise now that my first instinct was right – that you are either fraudulent, negligent or utterly clueless without the first idea of what is going on inside your own company. I will be voting at the EGM against whatever motion you propose: I would far rather see Yoomedia finally go bust – and its shareholders put out of their considerable and protracted misery – than I would see you continue to be rewarded for delivering nothing but consistent failure. You are trying to persuade us now that car parking payments are Yoomedia's future and the Next Big Thing – but shareholders have heard this all before, many times. There have been a considerable number of Next Big Things, none of which have ever delivered. I notice, incidentally, that in the EGM announcement there was no commitment by management to buy any of the hundreds of millions of new shares you plan to issue. You collectively seem perfectly happy to award yourselves share _options_ (26m options awarded at 1.85p just before Christmas 2006 – now well under water), but not to put your money where your mouth is. The obvious point to ask, Mr Sinclair, is this: if you do not even have the confidence in Yoomedia's future to buy shares, why should anyone else? You once said, you will recall, that it was your ambition to turn Yoomedia into a global media player. So why, as Chairman, do you not then want to own as much as possible of it? And if your ambition has changed, shouldn't shareholders be told? One really doesn't have to dig too deep or read for too long to find glaring examples of Yoomedia staff's total incompetence. For example, in the final results, issued on 29th June this year, section 9, the company stated this: "On 24 January 2007, YooMedia plc launched a new free, fully functioning online dating service - letsdateforfree.com. This launch been prompted by the growth in popularity of social networking sites such as MySpace and Facebox" Facebox? FACEBOX? Yoomedia is a company operating in the new media sector, and yet it cannot even get right the name of one of the largest and fastest-growing social networking sites ON THE PLANET! FaceBOOK has been all over the media for six months or more now – does anyone at Yoomedia read the press, Mr Sinclair? I could go on, but there seems little point. It seems clear to me now that you have for years been misrepresenting Yoomedia's position and prospects and that Yoomedia is largely composed of delusional incompetents whose 'beliefs' are not worth the energy it takes to speak or write them. I note further that at no time has any member of the management team offered to forgo wages until specified KPIs (EBITDA/cashflow/profitability etc) are met – whatever the share price, you always get paid. (I note, incidentally, that an Anick Sinclair is employed by Yoomedia as Head of PR. Your wife perhaps, Mr Sinclair? Presumably you've always made sure that she has been paid too?) Whether such misrepresentations have been fraudulent, negligent or merely incompetent I have, of course, no way of knowing. However, in my opinion you are an absolute disgrace, a mercifully rare combination of arrogance and incompetence which I hope I never again encounter in any company where I invest. And when Yoomedia goes bust – and it seems now only a question of time: too much debt, way too many shares in issue, too uncertain a business plan – I will wholeheartedly support and join in any moves to launch a class action suit against you personally alleging negligent (or, in the alternative, fraudulent) misrepresentation. You seem to think you can get away with endless failure – that may yet prove to be your most costly delusion. Yours disgustedly Dan Miller
28/9/2007
07:51
wodewick: Do any papers list yoo share price?
02/9/2007
11:12
sonofsam: from March 2006: "Dear Mr Sinclair. Thank you for your response. I'm afraid I'm not hugely encouraged by it. Of course I do not expect you to tell me price-sensitive information: however if YOO were indeed on target to achieve cashflow+ by end of Q1 - as promised - I would expect your reply to be considerably more upbeat. And of course there is nothing price-sensitive per se about announcing the date of a company statement, as long as no indication is given of the content of the statement - a point you seem to be willfully missing. I'm afraid I feel no compulsion to call you for a chat. I know that many small shareholders called you for conversations last summer, and gave glowing reports of how helpful you had been. Funny that you neglected to mention to them about the impending RI which did so much to destroy the YOO share price at the end of last year and so far this year. I appreciate of course that you could not tell them about it - so what value a cosy little chat then? I'm afraid I'm not much interested in management spin. I wish you the very best of luck for the next two weeks. Should YOO fail to achieve cashflow+ by end Q1, I'm afraid I intend to start agitating to the press and among shareholders for management changes at the company, and the installation of a management team who can do something to stem the apparently relentless erosion of shareholder value. Any management team that has so little insight into its own operations that they miss a target three times would need replacing. If you have ever read Diamond Are Forever by Ian Fleming, you may be familiar with an expression allegedly beloved of Chicago gangsters. The first time is happenstance. The second time is coincidence. But the third time, Mr Sinclair, the third time is war. Ian West"
28/8/2007
08:01
sven2006: RSN RSN RSN YooPooMuppetMedia would like to take the chance to apologise to all chartists. We realise that its impossible to try and use this sound theory on the YOO chart, we have tried ourselves but could not make head nor tail of it. RSN Ends Note: Trying to chart the Yoo share price could result in broken rulers.
24/8/2007
10:37
jerryfalwell: >chiansaw it's the yoo share price that has lost it, a55hole: supposedly transformative news which only results in volume of 7.25m shares and a share price barely above a penny...
30/6/2007
18:34
brando69: i think if you plotted it on a graph, for every day of blue on the yoo share price, we should see a diminishing return of muppetisation.
22/11/2006
14:29
ianwest: stock market just come off 5-yr highs, in the middle of the second internet goldrush - and the YOO share price still at rock-bottom after years of broken promises and a consistent failure to deliver by an incompetent (at best) mgmt team. go figure.
27/10/2006
18:12
jerry170: gingermagician - 1 Aug'05 - 23:52 - 7258 of 7565 MEETING WITH DR SINCLAIR Dr Michael Sinclair was an extremely nice gentleman who was 100% open with the three of us. He answered most of the questions we asked without, at any point, giving out price sensitive information. He stated clearly that he has been involved with many companies in the past – some of which have clearly been market leaders – but never before has he been involved in a company that has the potential to be the market leader WORLDWIDE. Never before has he been as enthusiastic about a company as he is about Yoomedia. 1. Are rumours about a MBO true? The share price has been depressed for a while and certain investors are suspicious. There is absolutely no truth in this whatsoever. 2. There seems to be a lack of communication with investors. We are hearing news from third parties eg dateline, pokechannel etc. The website communication is poor. Perhaps emailing this news to investors would keep them updated. It is our policy only to issue an RNS when the news really is very significant for us. We are not like other companies that issue RNS every week simply for the sake of issuing them. That's why when YOO issue an RNS, you can believe it is VERY significant. I accept that the website could be updated more regularly and these pieces of news could appear there. I will look into this as well as emailing investors. Poker channel was a great tie up and significant but probably not VERY significant. Our divisions are extremely busy and we sign hundreds of deals a year – we cannot possibly release an RNS for all of them. 3. Are you disappointed with the current state of the share price? Of course all shareholders will be disappointed with the current shareprice. I have always maintained that the aim of the company must be to generate profits – the share price will the always follow. To generate profits is our aim. 4. The Trading statement about games and gambling was a surprise and a disappointment. How does the partnership with William Hill work, we do not really know much about the partnership, and the how Yoomedia derive their revenues from this partnership. We really had to make the statement. I am of course disappointed with the reaction of the market to the Trading Statement and the resulting share price. The reason for the warning, and many astute investors have worked it out, is the contribution from William Hill. The William Hill contract was a very very significant contract. This would have made a significant contribution to Games and gambling. Unfortunately for YOO, William Hill buying Stanley leisure changed matters as Stanley Leisure were and are committed to Alphameric to the end of the year. This means that Alphameric and not YOO supplied William HIll. ALP had bumper figures recently. We cannot supply our services until the end of the year. However, it also means that the contract is potentially a bigger one than we originally thought as the William Hill group is now bigger. They have a 5 year commitment to us and these revenues should start coming in at the end of the year/beginning of 2006. (IMO this is very significant. They are EBIDTA positive despite no contribution from William Hill. Alphameric made a mint out of Stanley Leisure so you can imagine how much YOO will make next year once they are out of the way) 5. Why did David Docherty leave? Was it because of the underperformance of Gambling and Games? DITG has been a massive boost to the company and the synergy with YOO has advanced YOO to a much higher level than otherwise possible. Certainly, the cost savings to the businesses has been larger than we anticipated as the two businesses complement each other well. David Docherty was a man of vision and must take a great deal of credit for where the company is today. However, the aim of the company is to generate cash. To generate cash, the most important and most fundamental aspect to a sound business is to concentrate on the core businesses. David Docherty, who is a close personal friend of Sinclair, had lots of ideas about various aspects of the business. However, when all the company divisions were analysed, it seemed that Neil McDonald who was in charge of the core divisions, was outperforming the rest and the decision was taken to make him the MD. Neil McDonald is a very driven individual and prides himself on delivering the goods. 6. How confident is he of executing the stated objectives for the rest of the year, as detailed in the trading statement, by year end. What impact might this have on 2006 EPS? Are we still going be cashflow positive by Q3? The main aims of the group was to be EBIDTA positive by March and we have achieved that. The second aim was to continue to be EBIDTA positive and we have achieved that. That is a big turnaround from losing 800k a month in November 2004. Obviously the aim is to be cash flow positive by Q3. Interim results should be released early September. 7. What are Yoomedia's international plans? The reason for the rapid development of digital and interactive television in the UK has simply been as a result of SKY and Rupert Murdoch. We see the USA as our biggest overseas potential market. I have contacts there and now that Rupert Murdoch has set his sights over there, we see that as a big opportunity for us. We are looking at the USA especially in view of the fact that certain aspects of gambling will be deregulated next year. I would be very surprised if YOOmedia were not a major player in exploiting the interactive market there. 8. How is the 'Broadband TV' trial with NTL/ICTV going? The NTL Executive we initially gave the presentation to started dancing on our boardroom table when he saw our presentation. The trial started but unfortunately he has since left the company. We then had to go through the whole process again. There are trials ongoing most notably in Glasgow and feel that this is a significant opportunity for YOO in the future. 9. Will the NHS contract be rolled out on Cable and Freeview? It would appear Ipublic has disappeared from the website, no news was given about this happening, are we to assume that Ipublic has been closed ???, and if so, why were shareholders not told ?? We are working on it. iPublic is an important part of YOOs future strategy. It certainly has not disappeared. The interactive NHS Direct section accessed by the red button on SKY has been a huge success. We are responsible for the whole interactive component on SKY and is accessed by thousands of SKY viewers. We are in the stages of commercializing it and this should happen over the course of next year. We believe interactive television has a significant part to play as far as the health sector is concerned and was one of the reasons I got involved with Yoomedia. a number of avenues are being explored in the health sector. 10. How is the relationship of YOO with ITV? We have an excellent relationship with 11 TV channels and ITV is one of them. 11.Is YOO still in Celadors plans and specifically WWTBAM? We know that Celador will be rolling out WWTBAM worldwide, will YOO be involved? Is MIG taking business away from YOO? We have a strong relationship with Celador and I would be very surprised if Yoomedia did not figure in Celadors plans for international rollout of WWTBAM? MIG provides different technology to us. We have the patent for time-stamping technology. 12. What is happening at fancy-aflutter online, the site has been down for a while now, is it going to relaunch? There is a limit to how many sites we are allowed to maintain. Nobody has lost any money by FAF not being online. It is being incorporated into the other fixed-odd gaming sites and will attempt to streamline this aspect of the business. The website will be updated soon. FAF was much more important to YOO for its tie up with SONY. There were a few other questions that Paul and Graham asked but I am knackered so they can fill in the gaps. This information was worth 100 RNSs to me. I reiterate, this was a much more positive meeting than I had hoped from a very calm, open and honest chap. I am very confident in YOOs future.
27/10/2006
16:13
tom_cress2000: mactavish - 02 Aug 2005 00:09 - 2229 of 3776 MEETING WITH DR SINCLAIR Dr Michael Sinclair was an extremely nice gentleman who was 100% open with the three of us. He answered most of the questions we asked without, at any point, giving out price sensitive information. He stated clearly that he has been involved with many companies in the past – some of which have clearly been market leaders – but never before has he been involved in a company that has the potential to be the market leader WORLDWIDE. Never before has he been as enthusiastic about a company as he is about Yoomedia. 1. Are rumours about a MBO true? The share price has been depressed for a while and certain investors are suspicious. There is absolutely no truth in this whatsoever. 2. There seems to be a lack of communication with investors. We are hearing news from third parties eg dateline, pokechannel etc. The website communication is poor. Perhaps emailing this news to investors would keep them updated. It is our policy only to issue an RNS when the news really is very significant for us. We are not like other companies that issue RNS every week simply for the sake of issuing them. That's why when YOO issue an RNS, you can believe it is VERY significant. I accept that the website could be updated more regularly and these pieces of news could appear there. I will look into this as well as emailing investors. Poker channel was a great tie up and significant but probably not VERY significant. Our divisions are extremely busy and we sign hundreds of deals a year – we cannot possibly release an RNS for all of them. 3. Are you disappointed with the current state of the share price? Of course all shareholders will be disappointed with the current shareprice. I have always maintained that the aim of the company must be to generate profits – the share price will the always follow. To generate profits is our aim. 4. The Trading statement about games and gambling was a surprise and a disappointment. How does the partnership with William Hill work, we do not really know much about the partnership, and the how Yoomedia derive their revenues from this partnership. We really had to make the statement. I am of course disappointed with the reaction of the market to the Trading Statement and the resulting share price. The reason for the warning, and many astute investors have worked it out, is the contribution from William Hill. The William Hill contract was a very very significant contract. This would have made a significant contribution to Games and gambling. Unfortunately for YOO, William Hill buying Stanley leisure changed matters as Stanley Leisure were and are committed to Alphameric to the end of the year. This means that we cannot supply our services until the end of the year. However, it also means that the contract is potentially a bigger one than we originally thought as the William Hill group is now bigger. They have a 5 year commitment to us and these revenues should start coming in at the beginning of 2006. (IMO this is very significant. They are EBIDTA positive despite no contribution from William Hill. Alphameric made a mint out of Stanley Leisure so you can imagine how much YOO will make next year once they are out of the way) 5. Why did David Docherty leave? Was it because of the underperformance of Gambling and Games? DITG has been a massive boost to the company and the synergy with YOO has advanced YOO to a much higher level than otherwise possible. Certainly, the cost savings to the businesses has been larger than we anticipated as the two businesses complement each other well. David Docherty was a man of vision and must take a great deal of credit for where the company is today. However, the aim of the company is to generate cash. To generate cash, the most important and most fundamental aspect to a sound business is to concentrate on the core businesses. David Docherty, who is a close personal friend of Sinclair, had lots of ideas about various aspects of the business. However, when all the company divisions were analysed, it seemed that Neil McDonald who was in charge of the core divisions, was outperforming the rest and the decision was taken to make him the MD. Neil McDonald is a very driven individual and prides himself on delivering the goods. 6. How confident is he of executing the stated objectives for the rest of the year, as detailed in the trading statement, by year end. What impact might this have on 2006 EPS? Are we still going be cashflow positive by Q3? The main aims of the group was to be EBIDTA positive by March and we have achieved that. The second aim was to continue to be EBIDTA positive and we have achieved that. That is a big turnaround from losing 800k a month in November 2004. Obviously the aim is to be cash flow positive by Q3. Interim results should be released early September. 7. What are Yoomedia's international plans? The reason for the rapid development of digital and interactive television in the UK has simply been as a result of SKY and Rupert Murdoch. We see the USA as our biggest overseas potential market. I have contacts there and now that Rupert Murdoch has set his sights over there, we see that as a big opportunity for us. We are looking at the USA especially in view of the fact that certain aspects of gambling will be deregulated next year. I would be very surprised if YOOmedia were not a major player in exploiting the interactive market there. 8. How is the 'Broadband TV' trial with NTL/ICTV going? The NTL Executive we initially gave the presentation to started dancing on our boardroom table when he saw our presentation. The trial started but unfortunately he has since left the company. We then had to go through the whole process again. There are trials ongoing most notably in Glasgow and feel that this is a significant opportunity for YOO in the future. 9. Will the NHS contract be rolled out on Cable and Freeview? It would appear Ipublic has disappeared from the website, no news was given about this happening, are we to assume that Ipublic has been closed ???, and if so, why were shareholders not told ?? We are working on it. iPublic is an important part of YOOs future strategy. It certainly has not disappeared. The interactive NHS Direct section accessed by the red button on SKY has been a huge success. We are responsible for the whole interactive component on SKY and is accessed by thousands of SKY viewers. We are in the stages of commercializing it and this should happen over the course of next year. We believe interactive television has a significant part to play as far as the health sector is concerned and was one of the reasons I got involved with Yoomedia. 10. How is the relationship of YOO with ITV? We have an excellent relationship with 11 TV channels and ITV is one of them. 11.Is YOO still in Celadors plans and specifically WWTBAM? We know that Celador will be rolling out WWTBAM worldwide, will YOO be involved? Is MIG taking business away from YOO? We have a strong relationship with Celador and I would be very surprised if Yoomedia did not figure in Celadors plans for international rollout of WWTBAM? MIG provides different technology to us. We have the patent for time-stamping technology. 12. What is happening at fancy-aflutter online, the site has been down for a while now, is it going to relaunch? There is a limit to how many sites we are allowed to maintain. Nobody has lost any money by FAF not being online. It is being incorporated into the other fixed-odd gaming sites and will attempt to streamline this aspect of the business. The website will be updated soon. FAF was much more important to YOO for its tie up with SONY. There were a few other questions that Paul and Graham asked but I am knackered so they can fill in the gaps. This information was worth 100 RNSs to me. I reiterate, this was a much more positive meeting than I had hoped from a very calm, open and honest chap. I am very confident in YOOs future. mactavish - 02 Aug 2005 08:01 - 2230 of 3776 Courtsey of Paul Smith. think the Ginger Magician has covered all the important points from the questions asked by all three of us at todays meeting with Dr Sinclair, I can't think of anything else not covered. I can't speak for Ginger Magician and Graham, but from my own personal point of view, I never went to this meeting in a negative manner, and attended because it is not often you get the chance to spend a couple of hours of quality time with the Chairman of a company you hold an investment with, and I wanted to hear first hand the answers to the questions that I had emailed The Ginger Magician. I like to think that right from the start of my investment with Yoomedia two years ago, I share the same vision as Dr Sinclair, in that iTV is going to be one of the major growth sectors over the next few years, and Yoomedia, as one of the leading players at present, turning over in the region of £ 10 million per month, will be there to take advantage of this growing market, here in the UK, and later, internationally, and probably firstly in the USA. Dr Sinclair has been involved with many other companies that have had a lot of success on a countrywide basis, in the UK, USA and Far East, he made it very clear that his involvment with Yoomedia is his most exciting business venture to date, as it is the first company he has been involved with that has the potential to become successful on an international basis - and with the companies average employee age being 30 - the drive is there to make this happen. I was also pleased to hear, that although Dr Sinclair has major investments in other companies, it is Yoomedia where all his energy is directed at present. I will make no secret of the fact that I left the meeting 100% happy with my investment decision, and that Yoomedia is in the safe hands of a Chairman with great future vision, and to that end, have no qualms about leaving my investment where it is for the forseeable future as I have always declared on this BB, with my personal feelings of significant growth during the next five years, but as always, DYOR so that you can be as comfortable with your investment as I am, even in these times of a depressed shareprice, that is dictated by a market that I believe currently, for whatever reason, is not able to value these shares where they should be, which is more than 5p. You also have to have great admiration, for a Chairman who put himself out to travel out of London to meet us at a location of our choice, to re-assure us that nothing really has changed since the 15p placing last November, apart from the fact, that cost savings to the enlarged group, are significantly better than first declared in the region of £ 1 million, and a profit warning that had to be issued, due to the fact that revenues will be delayed from the 5 year contract with William Hill, becuase of circumstances that no one could have forseen, in that William Hill decided to buy out Stanley Leisure, which basically means, when the revenues start to kick in now in 2006, the contract will be larger !!!!!!!!!, draw your own conclusions from that information. On the decision to reverse takeover DITG, Dr Sinclair made it quite clear to us that given the chance to go back in time, he would do the same again, the two companies compliment each other, Yoomedia were ahead of the mobile game, and DITG were ahead in the iTV market, DITG have brought studio facillties and broadcast channels, as well as a significant client in William Hlll to the Yoomedia stable. The enlarged company will make it very difficult for others to muscle in on their market, starting such a new company from scratch now would be complex, and with patented technology that the YES divison has, will always make Yoomedia first choice for certain iTV situations where real time interaction is needed with all viewers, digital and anologue. Also, we were all given a card from " Mike " , which contained all the contact information to personally get hold of him, including a mobile number, this is not the action of a chairman running scared from investors in his company, who made it quite clear to all three of us, his door is wide open to us anytime, where he will treat us no different to anyone else, private investor or institution. In all, a reassuring meeting, and personally, I am pleased to be in on what I believe has been a ground floor oportunity investment, and a great opportunity now for any new investor to be able to buy into an established company, with such great potential, at such a low price of just over 5p. I will leave you with this thought as my pillow now beckons me at this silly hour of the morning - 2 years ago, Yoomedia were turning over £ 300,000 per annum and burning in the region of £ 500,000 per month , they now turn over near on £ 300,000 per day - and are cash positive, that is some kind of achievement in my opinion, I would not even like to predict what the figures might be in five years time, but think they will be significantly greater than they are now. Regards Paul
26/10/2006
14:42
rhiannon: For those that think YOO share price is a LITTLE low. Take a look at LEG for example,hundreds more the same on AIM.IF YOO cannot stand the heat ,keep out of the kitchen.
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