One Media Ip Share Discussion Threads

[harrogate] 30/4/2024 10:30

I think it would help if the Company bought back shares even at the expense of the dividend. It would be a good signal that buying them is paying 25p for something worth a pound. Anything to shake up the current complete absence of interest. Director buys might help but only if significant and not at a token level

[the shuffle man] 29/4/2024 20:56

https://www.cityam.com/one-media-ip-broker-upgrades-forecast-for-only-uk-listed-alternative-to-hipgnosis/

[the shuffle man] 29/4/2024 20:21

Thankfully they are a top broker !!A top broker has upgraded its forecasts for One Media IP, the group that owns the intellectual property rights to songs by artists such as Take That, Gloria Gaynor and Louis Armstrong, saying it is the last UK listed way for investors to get exposure to music royalties.Broker Cavendish Capital Markets has upgraded its full year forecasts for digital music rights buyer One Media IP, which today posted a five per cent increase in total revenue to £5.4m in 2023, driven by growth in royalty revenue.Cavendish said it has raised guidance for adjusted diluted earnings per share by 46 per cent to 0.24p, due to One Media's efficiency efforts, including its plan to reduce spend on its anti-piracy software TCAT that has been eaten into profit.It also raised pre-tax and post-tax profit forecasts by 40 per cent to £0.8m and 43 per cent to £0.6m, respectivel

[yump] 29/4/2024 09:15

IG
Fair enough. Unfortunately advfn is full of folk who appear on threads out of nowhere, with a single fact picked out of some results for some reason.

Perhaps your username isn’t meant to be serious.

The point you made has been addressed often on here.

The hope is that in some way TCAT may end up moving the business from an also-ran royalty business into something more exciting. From that perspective 30K drop is an irrelevance.

[harrogate] 29/4/2024 08:46

The point you make is sound. The broker note states that to date £3.6m has been invested in TCAT so £4m pretty soon. And that I suspect is without costing in a lot of board time and effort.
Revenues are all from trials and testing I think so not sure falling revenue accurately reflects commercial progress. But that progress has been glacial for sure.
The broker note hints at merging TCAT with something else in the industry and getting back to being a music rights holder - as they state the only UK quoted example very soon.
We are effectively being valued at not much over 2.5 x NPS when we have been paying over 10 x in last few years for our rights and as we say the big boys are being bought out at 15 x.
IF TCAT gets taken off OMIP P&L and we can see clearly what is going on that multiple should really be materially higher but until then I don't see anything that will get us moving.
To be fair to MI it is clear that a couple of years ago he wanted to offload TCAT and was stopped by the major shareholders and they had that falling out.
I am well under water here ( as almost everyone must be ) and think it will stay that way until TCAT is moved on.

[investmentguru] 29/4/2024 08:33

Hmm...an odd response? I've been a member on here for 25 years and have been following OMIP for several years.Instead of making rather childish personal attacks, perhaps you could address the point I made? TCAT has had millions invested in its development over the past 5+ years, yet revenues are actually falling? It's a shame, as the main music rights business of OMIP is very sound but so much cash has been diverted into TCAT that could have been used to buy more music rights.

[yump] 29/4/2024 08:05

First post from “investmentguru” who clearly isn’t one, as with all the big-up-myself usernames.

Are you the bb equivalent of an ambulance chaser ?

I can’t believe some folk scour the RNS’s looking for what exactly ?

An opportunity to look stupid ?

[yump] 29/4/2024 07:59

Nothing to see here - yet.

At least I suppose the implied valuation of SONG from the takeover offers, gives the OMIP NAV some backup.

Meanwhile we await the culmination of the TCAT cunning plan and hope its not a Baldrick moment.

[investmentguru] 29/4/2024 07:56

Revenue from TCAT actually fell by £30k last year, in spite of having vast dunes of cash thrown at it for many years. Seems the management can't face up to the fact that it's a disaster and pull the plug on it.

[clocktower] 29/4/2024 07:19

Another disappointing RNS with TCAT still a distant dream income provider, let alone a profitable enterprise.
The only saving grace is the dividend.

[harrogate] 18/4/2024 08:13

So we finally get a new date for the results - well not a date but a window. That is something but surely we might have had a reason provided as to why the results could be up to a month later than announced in November? Just courtesy really to shareholders. I see SONG shareholders have just got out of jail. Wonder if we will ever get a release date?

[harrogate] 02/4/2024 16:10

In December at the trading update they said they expected to release audited numbers in March. So they have missed that. If not this week they need to update as to why. All seems to have gone a bit Pete Tong here.

[clocktower] 27/3/2024 11:53

A buyer returns.

[harrogate] 29/2/2024 09:30

Wonder if they have licensed Status Quo's Down Down Deeper & Down

[harrogate] 01/2/2024 08:53

Normally I would view the relentless mark down as a sign that a fundraising was coming. But surely they can't raise capital at this price. If TCAT development needs more cash than we can generate at this point in its lifecycle I think we are in big trouble. When is it going to be finished?

[clocktower] 26/1/2024 19:05

Well that million trade that looks like a big sell at a low of just 4.25 makes you wonder what’s going on.

Dividend is low but surely there is potential for growth what with TCAT and just asset value let alone increased income from good management of the assets.

[clocktower] 22/1/2024 19:02

Well certainly dropping bricks as profits are swallowed by TCAT.

[yump] 03/1/2024 09:25

Its a tempting price in a depressed small co market with TCAT news probably to come.

However I’ve got very tired of all the cosy chats and buzzwords. That stuff about reverse engineering is a prime example of total waffle, if its not followed by an explanation.

If anyone wonders what I’ve got against proactive, their irrelevance was perfectly demonstrated by the lack of the obvious question: “what do you mean by the reverse engineering and AI comment ?”

(My spare “risky” money has been going into Bitcoin and Ethereum for a while in any case, in case we are at a defining point in crypto.)

[harrogate] 03/1/2024 07:55

Yes. I thought that last year at 15% higher !!

[clocktower] 03/1/2024 07:52

Look on the positive side, unlikely to be much downside at this level, this year. So maybe time to start thinking of tucking a few away on weakness again, and if there is no TCAT news look to sell at the next spike.
DYOE

[harrogate] 21/12/2023 12:25

Hi. Thanks for posting these things. He is always positive and doesn't seem to mind that his share price is in the toilet. I think he loves the business and his life. My reading of what he said was that TCAT revenues were were £180k at H1 and will be double that in the full year just ended. But they were £367k in FY 22. Not much growth there. Fascinating to see the TCAT chairman gone. I know he was not a main board director but surely we should have been told ?

[picnic] 21/12/2023 11:21

MI seems fairly upbeat for next year.
Just checked Companies House , it would seem that Ed Vernon is no longer a director
of TCAT as from 30/11/2023.Seem to remember he had a small TCAT share stake .
No idea if this fits in with a possible float?? Raises a few questions anyway.

[yump] 21/12/2023 10:16

I wonder what the reverse engineering is ? Something is being reverse engineered, but what ?! What has AI got to do with it ? Why are my disc brakes squealing ?

Didn’t know TCAT supposed to double revenue.

TCAT float off not mentioned before ?

Do I really have to go to Proactive brown-nosers to get this info or have I just missed it ?

[spindoctor111] 21/12/2023 09:50

Proactive update:
hxxps://www.research-tree.com/media/one-media-ip-group-looking-forward-to-2024-with-complete-enthusiasm-