Amino Technologies Investors - AMO

Amino Technologies Investors - AMO

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Stock Name Stock Symbol Market Stock Type
Amino Technologies Plc AMO London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 165.50 01:00:00
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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.
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.
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. Https://
masurenguy: Possible Acquisition Amino 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.
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.
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 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.
1pencil: Bit odd that you cannot submit questions after the results, I thought that was the whole idea. Starts at 12 HTTPS://
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
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.
simon gordon: There is an archived 40 minute presentation from the CEO and CFO of the 2020 Interims at Investor Meet Up - 13/8/20: Https://
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