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EBTM Ebtm

0.09
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ebtm LSE:EBTM London Ordinary Share GB00B0BHCS10 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.09 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.09 GBX

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Ebtm (EBTM) Top Chat Posts

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Posted at 02/7/2009 13:53 by dixi
Hmmmmmmmmmm - new owners having a 75% off summer sale - all may still not be rosy in the EBTM camp!!
Posted at 02/3/2009 07:32 by cyberpost
Statement re. Suspension (EBTM)

TIDMEBTM

RNS Number : 0867O
EBTM PLC
02 March 2009



EBTM Plc
("EBTM" or the "Company")


Suspension announcement


The Company announced on 27 February 2009, that its operating subsidiaries were
to be placed into administration.


The board continued to evaluate options to maintain value in EBTM plc but it has
now concluded that this is not possible and application is being made to the
High Court for the appointment of administrators for EBTM plc.


Therefore, the Company has requested a suspension, with immediate effect, of
trading of its shares on AIM. Blue Oar Securities Plc resigned on 1 March 2009
as the Company's nominated adviser. In consequence as the Company does not
intend to appoint a replacement nominated adviser, the Company's AIM listing
will be cancelled with effect from 7am 1 April 2009.
Posted at 08/11/2008 12:21 by radarlove
dixi,

Having sold my EBTM stake back in the Spring, after being a previously optimistic investor, I can only warn present shareholders to be careful. The steep rise and then fall of the share price this week is classic MM manipulation and common amongst penny shares. A case of 'eeking out some action' from investors whether buy or sell, as it lyes becalmed, while using 'the placing' as the excuse.

I was attracted to EBTM, initially, due to the ASOS connection. The idea that the company would emulate or at least offer some mirroring of the online fashion retailer's magnificent growth story was an attractive proposition. But ASOS, I now realise, is a one-off success story with a one-off 'once in a blue moon' Chairman Nick Robertson.

Quentin Griffiths and Richard Breeden are not in the same league, in my view, and appear to be going through all the growth pains, errors and disappointments that lesser more common mortals experience. Add to this an impending deep recession and the future doesn't augur well.

Disappointment is my word to describe EBTM. Initially, so full of promise, yet a reality check offers nothing more than a typical struggling young company with the recessionary odds well and truly stacked against them.

Meanwhile, another one of Quentin Griffith's online companies, ADILI, is surely doomed to fail in a recession given the "Fairtrade" nature of its products. During recessionary times, when saving money is all important, will the public give two hoots about ethical trading when you're paying two, sometimes three times less money for a similar non-Fairtrade item?
Posted at 14/10/2008 14:25 by dixi
Well Malkie - I will read through this and see if I can spot anything - see what you think.................


Acquisition of Lowlife

Today, the Company also announces that EBTM has entered into a contract to
acquire the entire issued share capital of the Lowlife group of companies ("
Lowlife"), comprising Core Brands Group Limited and its subsidiaries and
Twentyfour Seven Trading Limited ("the Acquisition").

Lowlife is a wholesaler and on-line retailer of clothing and accessories in the
area of music inspired fashion. Its product range and marketplace are highly
complementary with that of EBTM and represent approximately 10% of EBTM's
current retail sales.

For the year ended 31 December 2006, Lowlife's profits before tax were #646,000.
At that date it had net assets of #846,000.

EBTM is paying consideration of #4.75 million to acquire Lowlife, to be settled
as follows:

* #1.5 million by way of an issue of 26,785,714 new ordinary shares of 0.5p
each in the Company to the vendor of Lowlife ("Consideration Shares"); and

* #3.25 million in cash, to be financed out of the proceeds of the First
Placing and the Company's own resources.

It is anticipated that completion of the Acquisition will take place on 6 June
2007, following admission of the Consideration Shares and the First Placing
Shares to trading on AIM ("Admission").

Board

Following completion of the Acquisition, Dale Masters, the vendor and managing
director of Lowlife, will join the Board of EBTM. Dale founded Lowlife in 2001
and as Managing Director has developed, manufactured and marketed a number of
leading music orientated / youth culture brands, including Atticus and Lowlife
in the UK, Spain and internationally. Prior to this, he worked for French
Connection in the UK and the Far East. He has a degree in Marketing and
Accounting from Victoria University, Melbourne.

Dale has entered into a service agreement with the Company, terminable on 12
months' notice, under which he will be paid a salary of #100,000 per annum and
will be entitled to a bonus of up to 62.5 per cent. of salary and options to
subscribe new ordinary shares at an aggregate subscription cost of up to 62.5
per cent. of salary (depending on the performance of the company in the year to
30 April 2008).

Reasons for the Acquisition

The Board of EBTM believes that in view of the complementary nature of both
businesses there will be a number of opportunities of a trading and operational
nature where revenues and margins can be enhanced and costs saved.

Atticus

Lowlife's products are marketed under a variety of brand names, some of which
are the subject of third party ownership and for which it pays royalties for the
right to use the brand name. Atticus is one such brand and Lowlife has agreed to
acquire the intellectual property rights in the Atticus clothing brand from
Really Likeable People Inc ("RLP") ("the Atticus Agreement").

The consideration payable under the Atticus Agreement is US$ 4.2 million in cash
on completion which is to be no later than 9 July 2007. This acquisition will
not only save the royalties currently being paid by Lowlife to RLP but will also
provide a revenue stream from existing licensing arrangements with third party
distributors in North America and provide further opportunities to develop new
royalty revenues.

Accordingly, the Second Placing also includes sufficient new funds to permit the
Company to finance the completion of the Atticus Agreement, as well as an amount
to finance the working capital requirements of EBTM as enlarged by the
Acquisition. The Directors intend to raise up to #1 million of debt finance to
add further to the Company's financial resources.
Posted at 14/10/2008 07:07 by trigger45
EBTM PLC
14 October 2008






EBTM plc ('EBTM' or 'the Company')




Sale of Lowlife Brand







EBTM plc, the vertically integrated online retailer and wholesaler of music inspired fashion, today announces the sale of its Lowlife accessory brand to Plus Brands Ltd ('Plus Brands'). EBTM will retain exclusive, perpetual distribution rights for the Lowlife brand in the UK on favourable commercial terms.




The sale of the Lowlife brand is part of a restructuring of the wholesale business to improve efficiency and enhance margins. The reduction in overhead, partly resulting from the sale, is expected to result in annualised total savings of approximately £600,000. With the uncertainty amongst UK High Street retailers, wholesale revenues will be lower than previously expected. However, the restructuring of this division has been implemented to maintain the expected profitability of the group.




EBTM purchased the Lowlife brand as part of the acquisition in May 2007 of Lowlife Corporation Ltd, the wholesaler of music inspired clothing and accessories. No specific valuation has been placed on the brand previously as the revenue contribution from Lowlife branded sales is not material in group terms.




The Company will receive a cash consideration of £200,000 from the sale. Furthermore, Plus Brands will pay additional deferred consideration of 20% of global sales revenue of the Lowlife brand in excess of £500,000 in 2009, up to a cap of £100,000.




Plus Brands is owned by Dale Masters, Lowlife Corporation's founder, a former director of EBTM and a major shareholder of EBTM. As part of the agreement, Mr & Mrs Masters' shareholding of 21,898,696 shares, representing 8.1 per cent. of the Company's issued share capital will be subject to lock-in arrangements for the next 12 months.




Owing to Dale Masters having served on the EBTM board in the last 12 months, the sale of the Lowlife brand to Plus Brands is classified as a related party transaction under the AIM rules. The Directors of EBTM, having consulted with their nominated adviser, Blue Oar Securities Plc, consider the terms of the sale to be fair and reasonable insofar as its shareholders are concerned.




Richard Breeden, commented, ' The sale of this non core asset strengthens our balance sheet and will allow us to invest further in the online side of the business which, despite the broader retail market conditions, is experiencing record sales conversions.'
Posted at 10/10/2008 18:30 by malkie
granny - IMV Greatland will go down a totally different route. They area sitting on £1.8m and are doing minimal resource development. They are trying to conserve cash.

There is almost zero chance of a JV - this is just lip service to shareholders. Firetower is too small anyway.
The only realy value in GGP is the £1.8m in the bank.
It costs them around £150,000 a year to maintain their AIM listing and they cant raise any more funds in London. so no point in remaining listed.
They have no commitment to this country- Management is Australian - one is permenantly over there and one flies back & forth. No office leases as they share the offices of RGM/RRR - nothing to keep them here.

In addition to this the ASX is now starting to get back into gold stocks. and i expect them to re-list in Australia sooner rather than later and start buying up some destressed Aussie ground.

I am pretty sure this will happen - there is talk around such moves from some guys very close to the company down under.

With Miners you need to do a lot of research - not all is as it seems.

I sold most my GGP in July at a loss - will sit on the rest and sell on any bounce. First thing you need to do is make sure that your broker will let you trade on ASX.
or you will be stuck with them.

In the mean time i will stick with AAU an dkeep adding as and when - its my only AIM gold play and unlike a lot of companies i could mention - the management are doing everything they promise. The rest of my gold stocks are on TSE/X.

here is something to cheer you up!

By Lawrence Roulston of Roulston Opportunities



We have all heard enough about how bad the financial situation is. There is no question that the markets are in a terrible mess. The U.S. credit crisis is serious, it is spreading, and it's not going to get better over night. The situation is worse than nearly anyone imagined.
However, there are some bright spots and those bright spots represent investment opportunities.

As so often happens, the markets act like pendulums, swinging from one extreme to the other. A year and a half ago, the U.S. economy was booming, fuelled by a fraud of gigantic proportions that pushed housing prices and debt to absurd levels. The bursting of that housing bubble saw the pendulum swing to the opposite extreme as investors panicked and sold everything.

There may be a long period of transition as the various bailout measures kick in and get the economy back on track. But, let's not forget that the U.S. has been through a number of difficulties and always manages to muddle along and then recover to be stronger than ever. I don't believe that the U.S. will ever regain the level of supremacy that it once held in the financial world but the current crisis will pass, as it has every time before.

Look, the U.S. economy is not going to drop into some great black hole in the ground and suck the rest of the world in as some would have you believe.

As far as the rest of the world is concerned, it doesn't really matter a great deal if the U.S. economy grows by 1 or 2% or shrinks by 1 or 2%.

Looking at the metals: China has been and continues to be the most important driver in the metals markets. Headlines are now screaming out that the Chinese economy is slowing. Those few investors who read beyond the headlines will see that China's pace of growth has slowed from more than 11% a year to just over 10%.

If you think about it further, you will realize that 10% growth, coming on the larger base, actually represents the same amount of real growth as last year. India is still growing strongly, as is much of Asia. Similarly, the pace of growth is slowing, but is still at a pace that developed countries can only dream of.

Similarly, the popular press trumpets the fall in the oil price. It is only down when stacked up against the spike earlier in the year when speculators pushed it briefly to $140. When measured against the level of a year ago and two years ago, the oil price is up. Huge amounts of money are flowing to oil exporting nations which, like the Asian nations, are building infrastructure.

We constantly hear about the bursting of the commodities bubble. Yet, metal prices are still well above long term trends. Iron ore prices are still rising sharply: and definitely not driven by speculators. The prices are set by producers dealing directly with users.

When President Bush and the Treasury Secretary were trying to sell the bailout package, they painted a picture of dire consequences if the measure did not pass. That message seems to have been taken literally by many investors who are now even more terrified than they were before.

Whether the U.S. grows by a couple of percent, or shrinks by a couple of percent, other parts of the world continue to grow. It is important to note that the emerging markets are far more intensive users of metals that the developed world. The U.S. is more of a service-oriented economy, whereas China and the other developing nations are more heavily involved in building factories, housing, infrastructure and other things that use a lot of metal.

The net result is that world-wide demand for metals continues to grow. New sources of supply are needed to match that growing demand and to replace older mines as they are depleted. Much of the mining industry investment in this cycle has been directed to buying existing production.

The major producing mining companies are being valued on the basis that metal prices will fall hard based on a U.S. recession impacting the rest of the world. That hasn't happened, and will not happen. And that means that the mining companies are being valued at exceptionally low levels in relation to actual and projected earnings. Teck Cominco represents exceptional value.

The majors have suffered, but the smaller companies have been beaten down to absurdly low levels. We are already seeing takeovers as the larger companies go bargain hunting. The smaller and mid-tier companies are beginning to merge. Those deals will be accretive to shareholder value as they will create larger and stronger companies.

Recovery in the junior mining sector will not be the same for all companies. Those companies that need to raise money in the near term will continue to face real challenges. Many will have to look to joint ventures, asset sales and mergers to find the money they need to move forward.

There are many small companies with defined metal deposits, strong management, and cash. Those companies will come back early in the recovery.

Some commentators worry that there will be no money for mine development. Clearly, if a junior walked into a bank tomorrow and asked to borrow a few hundred million dollars to develop a mine, they would get a rather chilly reception.

However, the smelter companies, the metal trading companies, and the majors are awash in cash and are seeking new supplies. Baja Mining recently completed an $800 million financing package to develop a mine in Mexico. They worked with a consortium of Korean metal companies. The market seems to have missed the fact that Baja's project is now funded and well on its way to production. Base metal companies are out of favour, making advanced-stage deals like Baja excellent investment opportunities.

Once the panic subsides, there will be a great many banks and other investors who welcome the opportunity to invest in tangible assets instead of the alphabet soup of financial hocus pocus that was on offer for the past few years.

I believe that the current financial mess will result in a return to more fundamental-based investing and that move will benefit mine developers. It won't happen overnight, but it will come.

The message here is that those juniors that hold metal deposits that can be developed into mines will see a return to more rational values. Those companies that are still hoping to find a metal deposit at some time in the future may have longer to wait.

There is lots of cash available among the larger mining companies. Just looking in Canada, we see Barrick with nearly $2 billion, and Teck, Goldcorp and Inmet all sitting on more than a billion dollars of cash.

What I'm saying here applies equally to precious metals, base metals, minor metals and uranium. We aren't looking to gains in the commodity prices. We are looking to companies that are adding value to their assets.

The most immediate market action is likely to come in the gold sector.

The cost of the financial bailout in the U.S. is measured in the trillions of dollars. The latest bailout package was $850 billion, including the tax breaks thrown in to get it approved. Add in the earlier bailouts and recognize that nationalizing Fannie Mae and Freddie Mac added $5 trillion dollars of liabilities to the U.S. government, bringing the total debt to $14 trillion.

Don't forget the on-going wars in Afghanistan and Iraq and the huge trade deficit. The dollar was falling sharply before the burden of the bailouts was added. European governments are also conducting bailouts of failed banks.

Ironically, the bailouts have hurt the price of gold. That is a short term reaction, as traders seem to reason: "OK, the U.S. financial system isn't going to collapse this week, I don't need to own gold", and they dump their holdings.

Anybody who takes a longer term perspective will realize that if a government simply keeps spending enormous amounts of money that it doesn't have on things that do not generate a return for the economy, then the value of the currency will decline.

The whole financial mess, for many investors, has destroyed confidence in the global financial system.

Right now, investors seeking safety are flocking to U.S. treasury bills. That is particularly ironic, as the dollar, in the longer term, will suffer the most from the bailouts and the plummeting confidence. In time, gold will be the biggest beneficiary.

I can't tell you what the gold price will be tomorrow, or next week or next month. Nobody can. I can tell you with certainty that the gold price will be high enough that the major gold producers will continue to mine it. As long as gold companies are mining gold, they will be looking for new deposits to at least offset the amount mined each year. The juniors will continue to play an important role in finding and developing new gold deposits.

It doesn't really matter what the gold price is: a new discovery will generate big returns for shareholders of a junior gold company. Advancing a deposit toward production will generate returns for shareholders of a junior gold company.

It's not hard to make the case that the situation in the junior mining sector will improve in time. Of course, we all want to know precisely when the markets will turn around.

Just remember that the situation always looks bleakest at the bottom of the market and it looks rosiest at the top of the market. It requires a lot of nerve to invest contrary to what appears to be the right thing to do. At present, at least on the surface, this appears to be a really bad time to be investing. And that makes it the best time to be buying.

The greatest gains come from buying at the bottom of the markets and selling at the tops. That means buying when prevailing wisdom says it is a bad time.

We will never know exactly when the bottom is. Here are some things to consider at present. Over the past few weeks, Warren Buffet has invested $12.7 billion into the markets, including $5 billion into Goldman Sachs, one of the investment banks. The popular press thinks it strange that Buffet is investing at a time when things are so bad. But, that is precisely how he became the world's richest investor.

Other signs that the worst may be over: the U.S. bailout has been approved. It will take some weeks for the program to be implemented, but at least bankers know there will be relief coming. The failed banks are being snapped up quickly by other banks. In the latest deal, Citigroup tried to scoop up Wachovia within a day of its collapsing, but they were outbid by Wells Fargo.

Citigroup, which had the smarts to avoid the moves that led other banks into trouble, published a report last month that examined the commodities. They concluded: "It is important not to lose sight of the long term picture. We regard these conditions as a correction ... in a secular bull market. The drivers of the super cycle - urbanisation and industrialization in China and supply shortfalls are intact. Indeed the next up-cycle could be even more powerful than its predecessor."

If that report had come from one of the failed banks, I would not have paid much attention. Citi had enough smarts to avoid the mistakes that overtook so many of the other banks.

Investors are not going to suddenly rush back into the junior resource markets. But, those who buy the solid companies at the present severely depressed prices stand to enjoy big gains in the fullness of time.

The most immediate reaction will come from within the industry. Smaller companies will merge in deals that add shareholder value. The larger companies will be taking over smaller companies with good deposits.

To give an indication of the valuations: At present, major gold companies are valued on the basis of just under $200 per ounce of total gold resources. Juniors, on average, are valued at a mere $29 per ounce. At prices like that, the juniors must look extremely enticing to the larger companies. Obviously, there would be takeover premiums that would generate returns from the current price levels.

Companies like CGA Mining, which is close to production, look very attractive.Another interesting area is platinum: the price is down 60% from the $2,300 level earlier this year. Demand is growing and supplies are constrained. The market was clobbered by a big selloff by a platinum ETF. Eastern Platinum is making big profits even at the current price and will do very well with a rebound.

It's a similar situation for silver: development stories like Bear Creek, small producers like Aurcana and Great Panther.

Uranium is going to come back in the not too distant future. Hathor has made a very important discovery and is not getting full value. Soon enough, investors will again wake up to the fact there is an energy shortage and uranium stocks will again become popular.

Panic selling at this stage is definitely the wrong thing to do. Taking advantage of the panic selling of others could net you some good companies at attractive prices. Be selective. Be patient. The market will come back.
Posted at 01/10/2008 13:21 by baheid101
LloydEBTM

I am a holder, have been for ages.

I am pretty confused as to how EBTM having huge amounts of stock is a no-brainer positive - it is only positive if the company can sell that stock profitably. What we know 100% for sure is that the company have used the EBTM website to flog excess Atticus stock using very aggressive discounts and offering a number of incentives that further dents the profitability - 50-70% discounts, free delivery, 20% discount codes. They have also had a further 'warehouse clearance' in the East End of London which implies that they still weren't able to clear their Atticus stock through EBTM.com despite all of the above. If the wholesale demand for Atticus (largest international market is struggling Spain)was as strong as indicated at the last results (orders up 40% year on year) then why would they be in such a position? I had previously thought it was a stock-clearing excercise in preparation for a warehouse move but now I am not so sure - I am nervous that Niggle's observations of independent retailers really struggling has impacted demand and EBTM have simply overbought their Atticus product.

Now, set against this negativity I would put forward the following observations of positive trading at Atticus. Remember the wholesale business made £600k of EBITDA before being acquired and accounts for 75% of group profits.

In the USA the new licencee seems to have worked very hard on grass-roots selling and brand building by operating stalls in a large touring rock/punk festival called the Vans Warped Tour. In addition Atticus is now being stocked on the Hot Topic website and if the Atticus brand could be rolled out across the Hot Topic pan-USA store portfolio then happy days.

Increased online distribution - the number of websites stocking Atticus has expanded rapidly during 2008 e.g play.com

Brand building through association with bands/artists has accelerated (loads of tour sponsorship deals where EBTM sell atticus products at gigs). Clearly we are taking it on trust that this promotion approach has sound economics (i.e. the tour support/product giveaways to artists are less than the gross prodit from product sales) but Breeden indicated to me last year that they do not pay bands so hopefully they are making sound commercial judgements here.

Cheers

BH
Posted at 23/9/2008 20:26 by granny7
Date Source Company Announcement
18 Sep, 2008 EBTM PLC (EBTM) Change of Adviser
29 Aug, 2008 EBTM PLC (EBTM) Holding(s) in Company
31 Jul, 2008 EBTM PLC (EBTM) Total Voting Rights
03 Jul, 2008 EBTM PLC (EBTM) Placing
17 Jun, 2008 EBTM PLC (EBTM) Preliminary Results
EBTM PLC (EBTM) Board Appointment
11 Jun, 2008 EBTM PLC (EBTM) Notice of Results
08 May, 2008 EBTM PLC (EBTM) Directorate Change
01 May, 2008 EBTM PLC (EBTM) Pre Close Statement
08 Apr, 2008 EBTM PLC (EBTM) Appointment of Group FD
03 Mar, 2008 EBTM PLC (EBTM) Grant of Options
22 Jan, 2008 EBTM PLC (EBTM) Interim Results
04 Dec, 2007 EBTM PLC (EBTM) AGM Statement
30 Nov, 2007 EBTM PLC (EBTM) Total Voting Rights
EBTM PLC (EBTM) Issue of Equity
19 Nov, 2007 EBTM PLC (EBTM) EBTM Launches US Webstore
31 Oct, 2007 EBTM PLC (EBTM) Annual Report and Accounts
Posted at 13/9/2008 01:19 by lloydebtm
London Edge show was last weekend and yet again their stand was buzzing with people placing orders. I re-visited the stand 6 times but they were too busy each time, taking orders off of people. I think people are going to be gob smacked when they announce their Xmas trading in January and their finals in April. Seems a long time off but it is only 13 weeks till January and when the Xmas announcement comes I can see the share price hitting 6p again and in April/May when finals come out I cannot believe that we will not see a double digit share price.
I can see profit at £2mill+ and at a cap of £7mill it is crazy that the price is only 2.75p even if they only hit the forecast of £1.84mill.
This company is ridiculously undervalued, ASOS needs to turnover approx. £25mill to make £2mill profit but EBTM only needs to turnover approx. £12.5mill to achieve the same profit of £2mill, their margins are so much better.
Posted at 12/8/2008 01:28 by lloydebtm
Malkie,

Great posts, seems no one using this Bulletin Board much at the moment but I keep looking in.

Very interesting the Dailymotion broadcast :)

We both know that we are sitting on a share price time-bomb that is going to explode out of all proportions, it's just a matter of time. It is just so frustrating waiting for it to take off (especially cos I have got £250k tied up in shares) but it will be worth the wait.

I reckon another 2 year and 8 months and we will be sitting on a goldmine (just three more Xmas's).

By using my growth forecasts (related to my online companies), I think profit of £1.9 mill May 2009, £3.0 mill May 2010, £5 mill May 2011.

The shares should be priced at £2 in May 2011 if my forecasts are correct and if there is any justice in this world. I should be able to retire with £10 mill in the bank (I have only been buying shares at 2.5p per share).

The EBTM model is better then the ASOS model and world market penetration will be eaiser, a goth is a goth or an emo an emo in whatever country but with ASOS they will struggle after a while and their profits and share price will plateau.

Lloyd :)
Ebtm share price data is direct from the London Stock Exchange

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