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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Amino Technologies Plc | AMO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 165.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 165.50 | 165.50 |
| Top Posts |
|---|
Posted at 13/5/2021 07:56 by masurenguy Amino has raised £9.4m @140p to provide the funding for the MobiTV bid should this ultimately prove to be successful. Currently they are the reserve bidder to TiVo in the auction. If not, they propose to use the funds for other, as yet unidentified, acquisition opportunities. The shareprice should initially fall at the open to be closer to the 140p placing price.Placing In order to provide Amino with additional funds to aid execution of its acquisitive growth strategy, the Company also announces a placing of new ordinary shares in the Company to institutional and other investors (the "Placing"). Amino is pleased to confirm that it has received commitments from investors to raise gross proceeds of £9.4 million by way of the issue of 6,714,286 new ordinary shares in the capital of Amino pursuant to the Placing at an issue price of 140p per Placing Share subject to customary conditions including, inter alia, admission of the Placing Shares to trading on AIM. The Board intends to deploy the net proceeds of the Placing, together with its existing debt facilities, to fund future acquisition opportunities in order to help meet its stated strategic ambition to triple Group revenues and drive recurring revenue as a percentage of Group software revenues to 70% by 2025. The Board believes that having access to readily available capital to deploy on acquisitions will enhance the Company's position in negotiating and executing such acquisitions. The Company also continues to regularly review its financing facilities to ensure an effective and appropriate capital structure and will continue to do so as the business evolves both organically and inorganically. Current Trading and Outlook The Group's trading since the announcement of its 2020 Results on 9 February 2021 has continued in line with management's expectations and there has been no material change in the Company's financial performance, position or outlook since that date. |
Posted at 10/5/2021 14:04 by 1pencil Have they been working alongside MobiTv, as that was one of their strengths mentioned during recent investor presentations.I would have thought Kestrel would be onboard. |
Posted at 10/5/2021 11:28 by simon gordon SF Times - 2/3/21:Streaming TV company MobiTV reports net loss of $34M, files for Chapter 11 bankruptcy Television streaming company MobiTV, based in Emeryville, filed for Chapter 11 bankruptcy reorganization Monday on the heels of huge financial loss for 2020. In a note to partners, the company said the bankruptcy action "does not mean the company is going out of business," adding that it has secured $15.5 million in financing from T-Mobile to fund operations until it can figure out a way to remain in business and meet its debt obligation, likely by selling off assets. While the pandemic lockdowns have been a boon for streaming services like Netflix, they were apparently a growth killer for MobiTV, which reported a net operating loss of $34 million for 2020. The company, which was founded 1999 to bring on-demand TV to mobile devices, generated $13.5 million in revenue last year. "Although the company projected significant and material subscriber and revenue growth for 2020, the Covid-19 pandemic and related stay-at-home orders, materially impaired the company’s growth opportunities," CFO Terri Stevens declared in the bankruptcy filing. "As a result, the company found itself with limited liquidity and at risk of default under its debt agreements." At the time of the bankruptcy filing, MobiTV owed $75 million and had roughly $19 million in assets. Under Chapter 11 bankruptcy protection, the company plans to sell off assets and possibly attract a stalking horse bidder, which is when a potential buyer sets a minimum price with an initial bid for the assets, making it so that other bidders can't go any lower. MobiTV earns its revenue through contracts with subscription television customers, broadband providers and cellular device carriers, which use its technology to build customizable streaming platforms. In 2019, the company raised $50 million in funding and $21 million in 2017, from repeat investors Ally Bank and Oak Investment Partners. MobiTV had 86 employees at the time of the filing, which disclosed that received a $3 million PPP loan. The company expects the bankruptcy restructuring to be completed in several months. |
Posted at 10/5/2021 07:37 by masurenguy Possible AcquisitionAmino Technologies announces that it has submitted a bid, through a wholly owned subsidiary, to acquire MobiTV, a US live and on-demand TV platform provider (the "Possible Acquisition"). MobiTV is USA based and provides a TV-as-a-Service ("TVaaS") solution that allows operators to fully modernise their PayTV offering to consumers, reduce costs, utilise network bandwidth more efficiently and to enable the future upgrades of new services and features. The MobiTV solution is a white labelled managed service for a full TV platform, including live and on-demand TV content, network PVR functionality and content rights. The Possible Acquisition would immediately establish a TVaaS infrastructure capability in the USA for Amino, which the Board of Amino estimate would require significant investment over a 6-12 month period to develop organically. The Possible Acquisition would also provide an immediate contribution towards Amino's strategic financial goals, in particular its focus on increasing annual recurring revenues. The Possible Acquisition, if completed, would be a Substantial Transaction pursuant to AIM Rule 12. The Acquisition Process MobiTV is currently in a Chapter 11 bankruptcy process in the USA, pursuant to which Amino submitted a bid for the trade and assets of MobiTV to the United States Bankruptcy Court for the District of Delaware on 7 May 2021. Whether Amino's bid is successful will be decided by the Court following an auction process to be held on 11 May 2021. Once the Auction has been completed, a hearing before the Court to request approval of all aspects of the sale to the winning bidder is scheduled for 21 May 2021 at 2.00pm EST. The acquisition of the trade and assets of MobiTV must close by 31 May 2021. Fundraising The costs and working capital commitments associated with the Possible Acquisition are to be funded by the Company's existing cash resources and available credit facilities, supplemented by a placing of new Ordinary Shares in the Company to institutional and other investors (the "Placing") commitments for which have been made by certain shareholders and other investors, subject to customary conditions including, inter alia, admission of the new Ordinary Shares to trading on AIM. Further details of the Possible Acquisition and the Placing will be announced once the outcome of the Auction is known. |
Posted at 11/2/2021 08:29 by sharw finnCap note this week shows top 3 holders:Kestrel Partners 22.1 Premier Miton Investors 17.5 Investec Wealth & Investment 9.0 This time last year they showed: Premier Miton Investors 17.7 Kestrel Partners 16.7 Investec Wealth & Investment 8.9 The big exit was M&G which we knew about on 11/12. The 3 holdings RNSs since then (BGF. Cheverton, Kestrel) have all been increases so I do not understand your "big seller" theory. |
Posted at 10/2/2021 18:52 by sev22 Just to let everyone know that a recording of the presentation: AMINO TECHNOLOGIES PLC - Investor presentation relating to the full year results for the year ended 30 November 2020, along with responses to questions that were answered by the company is now available to review in the meeting archive on the Investor Meet Company web-site.You will need to login in to view the recording and Q&A. Should you have any questions, contact investorhelp@investo I thought it was very interesting and informative. I intend to stay invested despite many PIs selling today and yesterday (herd mentality). I think the future looks bright for Amino. |
Posted at 09/2/2021 11:13 by ultimatewarrior Does the small bonus mean that internal targets were not met in the fy Excellent question for the investor relations presentationGood stuff is usually well hidden in accounts |
Posted at 08/2/2021 17:59 by sev22 Paying attention to the technical analysis AMO closed tonight as a 'Strong Buy'If the full year results are well received tomorrow followed up by Wednesday's Investor Presentation the share price should move towards 150.00p plus over the next few days. |
Posted at 03/2/2021 19:27 by simon gordon Nice one SEV!! Good to see all the names mentioned in the report, that'll keep me occupied for a couple of hours. Have sent in three questions to the Investor Meet Up platform. |
Posted at 13/1/2021 20:20 by sev22 Article in full incase you can't find the link.MINNEAPOLIS, Jan. 13, 2021 (GLOBE NEWSWIRE) -- iMedia Brands, Inc. (the “Company” Float Left has over a decade of experience in the OTT space, having served as Roku's first development partner and as a Roku Preferred Developer today. Over the years, Float Left’s native codebase has evolved immensely with the growing industry. What started out as a simple OTT solution in 2009 has progressed into a sophisticated and flexible framework that is used for world-renowned brands. Today, Float Left's Roku framework supports high-end "Netflix-level" features such as favoriting, watch-lists, cross-platform resume, and an intuitive interface designed to keep users engaged and simplify content discovery. In addition, the flexibility of the framework allows for seamless integration with third parties for subscription management, advertising, video platforms, and analytics, giving VOD providers a customized solution tailored to their business model. With this new partnership, 24i and Float Left are paving the way for revolutionary OTT technology by delivering innovative Roku solutions that will continue to adapt and expand year after year. 24i has developed successful applications for Roku devices for several years, and integrating Float Left's Roku framework into their Smart Apps product will bring their products enhanced efficiency and scale. The integration will enable 24i's product team to focus on the added value they can bring to streaming services by simplifying the development of a single user experience across multiple platforms, particularly through the use of 24i's intuitive Backstage interface for content and application management. Together, Smart Apps and Backstage provide a turn-key video application development platform to allow content owners and broadcasters to provide consumers with an intuitive and engaging user interface for enjoying live and on demand video content. This platform facilitates a consistent user experience across all devices, as well as the flexibility to easily expand and customize functionality. “We are pleased to partner with 24i to further advance and deploy our OTT technological capabilities on Roku,” said Tim Peterman, CEO of iMedia Brands. “By collaborating with the 24i team, Float Left can offer Roku viewers a streamlined and optimized user experience, which will allow us to continue improving our content delivery and customer engagement across the platform.” Tom Schaeffer, CEO of Float Left, commented: "Our in-depth knowledge and years of expertise building custom Roku applications have enabled us to develop a codebase that will help companies like 24i accelerate in this rapidly growing market. 24i has a fantastic OTT product, and we look forward to seeing them integrate with our Roku framework to enhance their product even more. This partnership represents an expanding line of business for Float Left in 2021 and beyond." Martijn van Horssen, Founder and Co-CEO of 24i, added: "Smart Apps provides content owners with the ability to reach viewers on any platform and ensure their user experience is seamless across any device. Roku continues to be an important target device for us, and its specific underlying technology needs to have a solid foundation. Float Left's Roku framework provides that fast, reliable, and maintainable foundation. Using it means we can build on Float Left's expertise and focus on adding our product features on top of their framework, instead of trying to reinvent the wheel." About Float LeftFloat Left is an OTT technology provider, giving Broadcasters and Media Distributors the tools they need to deliver seamless, video experiences to their audiences across all OTT platforms. As a pioneer of OTT Technology, Float Left learned to evolve as the industry grew. Since inception, Float Left has launched hundreds of OTT services, developed innovative technology solutions, and has had the privilege of working closely with some of the most prolific media brands in the world. Some of their noteworthy innovations include Flicast and Flicast Analytics, AMP (Application Management Portal for content management), and Convert+ (AWS transcoding solution). Float Left is consistently upgrading its solutions and developing new tools, staying on the forefront of the OTT industry. About 24i,24i offers a fast, cost-effective route to video streaming success on all consumer devices. Their expertise and end-to-end solutions enable pay TV operators, broadcasters, and content providers to manage and deliver elegant OTT user experiences and grow their business. 24i's flexible products for preparing streaming content and publishing front-end applications bring SVOD, TVOD and AVOD services to life on smart TVs, streaming devices, STBs, mobiles, and web browsers. Headquartered in Amsterdam, 24i has offices in Madrid, Brno, California, Helsinki and Buenos Aires and is a group company of Amino Technologies plc. About iMedia Brands, Inc.iMedia Brands, Inc. (Nasdaq: IMBI) is a leading interactive media company that owns a growing portfolio of lifestyle television networks, consumer brands and media commerce services. Its brand portfolio spans multiple business models and product categories. Its television brands are ShopHQ, ShopBulldogTV, ShopHQHealth and LaVenta. Its media commerce services brands are Float Left Interactive and i3PL. Its consumer brands include J.W. Hulme, Live Fit and Indigo Thread. Please visit www.imediabrands.com for more investor information. |
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