Aferian Share Discussion Threads

[danmart2] 20/12/2023 07:15

It’s not necessarily the market, it’s the company.

I can’t figure out what is Aferian’s unique selling point?
Neither can the market.

I expect this wall fall into single figure share price in the new year.

What must concern shareholders is the lack of a plan.

[sbs] 07/12/2023 09:28

Yes, the market is tough at the moment...

The question is "when will it turn?".

[masurenguy] 06/12/2023 15:29

Year end trading statement issued yesterday: "The Group expects to report revenue of c$47-48m and a positive adjusted EBITDA of c$1.6-2.6m." On that basis sales are down by circa 57%, and EBITDA is down by circa 63%, compared to last year. The extent of this disasterous performance can be determined by the fact that annual sales have fallen back to the level that they were 8 years ago in 2015 while EBITDA is at the lowest level in 12 years since 2012 when it was was $5.5m compared to this years projection of $1.6m - $2.6m. They are also down 95% from their IPO price of 220p in 2005. Despite this the CEO remains in place and Kestrel, the largest shareholder with 26.4%, must be sitting on some very significant losses here.

So relieved that I liquidated my entire holding here @140p in April last year.

[bigbigdave] 31/8/2023 07:07

Load of rubbish

[masurenguy] 23/8/2023 07:57

24i and Amagi power new Virgin Media FAST channels

Aferian, the B2B video streaming solutions company, in collaboration with its technology partner Amagi, today announces that UK telecoms, media, and internet company, Virgin Media, has used its 24i integrated solution to launch and monetise a new line-up of themed Free Ad-supported Streaming TV (FAST) channels on Virgin TV. 24i worked in partnership with Amagi, the global leader in cloud-based SaaS technology for broadcast and connected TV, on the project. An initial selection of 14 channels have been rolled-out to Virgin Media's V6, TV 360 and Stream set-top boxes (STBs), allowing customers to instantly access an extended range of attractive content, monetised through advertising.

Harnessing the Appstage application framework within the 24i Mod Studio streaming platform - which is pre-integrated with Amagi's playout solutions - the project introduced the FAST channels into Virgin Media's Electronic Programming Guide (EPG) without making any changes to existing STB configurations. The app was configured to perfectly align with Virgin Media's UX, facilitating a seamless integration of channels into Virgin Media's EPG, providing an enhanced user experience for their customers on V6, TV 360 and Stream STBs running the RDK and Opera operating systems.

[masurenguy] 11/8/2023 14:53

"The Group expects to report its interim results for the 6 months ended 31 May 2023 in August 2023." Trading Statement: 28 June.

No position.

[shovon1000] 26/7/2023 15:50

Last two days over 50% up. Nice move

[masurenguy] 25/7/2023 16:41

Market cap, post placing at todays market close mid-price, is £15m.

[purple11] 25/7/2023 16:35

one of them was mine

[tomboyb] 25/7/2023 16:27

Indeed -

14p paid -

[buoycat] 25/7/2023 11:11

Well they can only move the price up if people are willing to trade. The successful placing is seen as a vote of confidence by the market. Let's face it, you'd be more likely to buy today than last week

[tomboyb] 25/7/2023 09:19

Placing -

MMs want a move up by the looks of it -

[masurenguy] 28/6/2023 15:23

The current shareprice of 12.25p plus net debt of £10.3m gives a current EV of £20.9m. I don't consider that to be undervalued.

[shovon1000] 28/6/2023 11:12

But that does not justify its market cap of £10m. Providing the revenue fall and others , don't you think it is in oversold territory?

[masurenguy] 28/6/2023 07:43

"The Group has continued to make encouraging progress in improving the quality of earnings and enhancing revenue visibility.......Group revenue for the period is expected to be c.$23.1m (H1 2022: $44.5m)......Group's inventory balance at 31 May 2023 was $8.6m (31 May 2022: $4.0m). Net debt at 31 May 2023 was $13.0m (31 May 2022: $7.8m net cash). The Group remains in compliance with its loan facilities covenants."

LOL - absurd management speak talking about "encouraging progress" in the "quality" of earnings and the "visibility" of revenue without any reference to sales falling off a cliff (down by 52%), inventory up by 115% and the company's financial position ravaged by falling by almost $21m, from a net cash position of $7.8m to a net debt position of $13.0m. How does the CEO remain in place here!

The largest shareholder Kestrel must be sitting on a big loss here with a 26% position. So glad that I exited my position here at 140p in April 22 (#56).

[arthur_lame_stocks] 28/6/2023 07:18

It appears revenues in the Amino business have dropped off a cliff. Is that really just destocking or a more permanent change?

[shovon1000] 13/6/2023 17:53

I expect this to go over 30p. Don't see any solid reason to go down like this.

[foxman14] 12/6/2023 15:12

Yes taken a few now. Let's see what happens in the proceeding months

[shovon1000] 09/6/2023 15:59

Totally undervalued.

[arthur_lame_stocks] 31/5/2023 13:12

Well Kestrel have certainly got their pound of flesh but then I guess beggars can't be choosers.

[pugugly] 16/5/2023 14:47

Masurenguy :> Tea-leaves well read - Down heavily today and gut feel is possibly further to fall

"Following the investment made in inventory within the Amino business, the Group currently has a net debt position, and expects this to continue throughout the current financial year. As previously announced on 10 March 2023, we expect Group revenue and adjusted EBITDA for FY23 to be significantly below FY22, albeit that the Group is expected to generate a material positive EBITDA."

Bid offer at time of posting 32/36p

[sharw] 09/5/2023 23:42

In giving notice of the AGM for 31/5 they say "The 2022 Annual Report is expected to be sent to shareholders later this month". That is more confident than the "as and when" of the previous statement.

[masurenguy] 09/5/2023 08:09

Not looking at all good here. The results for previous year (y/e November 21) were announced on 10th February 22 but they have still not been issued for last year (y/e 30 November 22) and no publication date has been announced yet either. If they don't issue them by the end of this month they will be in breach of AIM rules and the shares will be suspended. How does the CEO survive here?

Fortunately I exited my position here at 140p in April 22 and have no current position (post #49).

[masurenguy] 13/3/2023 15:24

Clearly there is a financial issue here with regard to potential future bank covenant compliance and the consequential delay in the publication of their audited results for last year. For the past 3 years these were issued during February but no announcement has yet been made regarding a publication date for their year ending 30 November 22.

In their y/e update issued on 8 December they stated: "For the year ended 30 November 2022 the Group expects to report adjusted operating profit within the $7.8m-$8.8m guidance range. Total revenue is expected to be approximately $91m, representing a c2% decrease on the prior year. Net cash at 30 November 2022 is expected to be slightly ahead of expectations at $4m, following better than expected cash collection from customers."

However, last weeks update stated: "The Board now expects Group revenue and adjusted EBITDA for the year ending 30 November 2023 to be substantially below its original expectations. Notwithstanding the difficult trading conditions of the Amino business in the first half of the year, the Company is still expected to generate a positive material adjusted EBITDA for the full year. The Company is in compliance with its banking covenants and is in discussions with its banks to ensure future covenant compliance. This will delay the announcement of the full year audited results for the year ended 30 November 2022. A further announcement will be made as and when practicable."

[scepticalinvestor] 13/3/2023 14:23

2p next stop?