Asia Digital Share Discussion Threads

[analyst008] 28/4/2011 09:13

Just looked at the London Stock exchange website - cut and paste the URL below:



Analysis trend and report.
Interesting read.

[analyst008] 28/4/2011 09:01

Ok - ADH - no know reason for the shareprice jump yesterday.
Interesting read from city trader.
Price has ticked up again.
There is no smoke without fire.

[citytrader 007] 28/4/2011 01:44

You know so much about them, yet you post as if their going bust soon ? "now call me an old cynic"....

Surely your not in this are you ? otherwise why post here ? And if you are, why post such negatives you have to ask ? ... Just curious.

Some may suggest you could be an ALT of your main character here, and bashing it for personal gain, but I dont believe that.

"We as investors are therefore left with a choice - do we believe that 7 weeks is a sufficient timeframe to turn this business around to be cash generative, sustainable and profitable or is this a herculian task especially given their track record to date?"

Even if there is any arguement to be had here, placing or no placing, bust or not bust, WHICH YOU DON'T KNOW EITHER WAY, someone or a good few people think its worth investing in for some "bizarre" reason, this clearly visible over the last week(s) tradelist and graph.

Lets say if it goes bang - its gonna take alot of recent investor money with it aye, would you call this recent activity "silly ill-thought over" decision making then ? It would seem so.

[kemche] 28/4/2011 00:42

Citytrader just for you - some research:
At the end of March 2011 they had 165K. We know that between Jan and Mar they burned through roughly 125k per month therefore by the end of this month, by extrapolation, they should have 40k left. We are told that they "anticipate receipt of an additional gross cash amount of GBP657,188" - note that this is GROSS. We are then informed that after paying for insurance to cover any tax liabilities for the business sold, and other expenses, they "expect to receive GBP179,043 net from the first instalment by the end of April". Note the word NET. We are even informed for clarity that "Should there be any delays in this payment we would have a working capital deficit".
Now let us assume that they receive the 179k by the end of this month - this swells their coffers to 179+40=219K. Let us also assume that their cash burn rate stays at 125k per month. This then gives them an additional circa 7 weeks worth of breathing space. We as investors are therefore left with a choice - do we believe that 7 weeks is a sufficient timeframe to turn this business around to be cash generative, sustainable and profitable or is this a herculian task especially given their track record to date?
We may take some crumbs of comfort in the fact that "The Board believes that with the receipt of the deferred consideration, the expected growth in China and the material cost savings made, the Group has sufficient working capital to get back into profit" - now call me an old cynic but as Bertrand Russell observed just because someone "believes" in the great teapot in the sky does not necessarily make it true.

[citytrader 007] 27/4/2011 23:30

It could be that they are owed a shedload of cash (comparing to what it has now), could be a small reason.

There isnt any research to do, its had a reasonable year compared to most that crash and die here, oki a small loss, most do whilst there this price, but 700 odd k worth of owing over this financial year aint a bad kick start is it ?

Which would honestly shock me if they needed any fundraising at all this year, unless something new was about to happen that needed it.

As I always say, theres always doubters, and the reasons for that doesn't need much working out does it.

I believe the first tranch of the owings is April isn't it ? may explain the rush in over the week or so.

[analyst008] 27/4/2011 10:33

Well well well.
After the fall comes the rise and on the back of what?
As stated in their results - if they dispose of their assest it will have a significant impact on the share price.
Well over the past week it has.
But it cold be something else in the pipe line which might catch us out.
IMHO - DYOR

[welshgoat2] 27/4/2011 10:14

0.7450.17(28.45%)
Bid / Ask 0.74 - 0.75

[welshgoat2] 27/4/2011 09:45

0.70.12(20.69%)
Bid / Ask 0.66 - 0.7

[halo1] 27/4/2011 05:00

TOPINFO - or Chief Muppet as you should be known from now on; you clearly have no understanding of financials, or how raising funds and the charade around it is played out, nor of operating in the online space.

I would say Kemche is very close to the point on this one, watch asset disposals if funding is not forthcoming .............

[kemche] 21/4/2011 15:33

Top - well done! I stand corrected. Maybe we are on the verge of the multibillion etc etc.
Or could this possibly be the precursor to the fundraising????????? At say a 50% discount to the share price and then maybe muster up a new set of chumps for the jam tomorrow story - come on ADH we know you can do it. Just musing aloud......

[flyingswan] 21/4/2011 14:46

ADH's Parabolic SAR should start a new Up-Tend Next week, if the current share price holds to the close:



MACD and RSI also giving BUY Signals. DYOR

[topinfo] 21/4/2011 14:42

41% up lol. Who is the Muppet?

[flyingswan] 21/4/2011 13:51

Nice to see ADH back above the 200 Day Moving Average and now making its way back above the 50 Day Moving Average.

[kemche] 21/4/2011 13:41

What in the name of F#*k has POS instore digital media got to do with ADH???? Oh the sheer lunacy of it all!

Take the cash as stated then work out the average monthly running cost of the operation - divide the former by the latter and how many months before the begging bowl goes around again? No doubt with the same promises doled out previously.

Read the following VERY carefully and you may be able to glean the nuanced "guidance" of what to expect:

"Since the disposal of the Australian operations the Group has been loss making. Such trading losses have been funded by the consideration from the disposal and leave the business with a cash balance of GBP165,000 as at 31 March 2011.

We anticipate receipt of an additional gross cash amount of GBP657,188 (based on year end exchange rate) in deferred consideration on the disposal over two equal tranches, one in April 2011 and one in November 2011. The deferred payments are conditional on the execution of an insurance policy in favour of the acquirer to cover any Australian corporation tax exposure.

All support work has now been completed to facilitate this policy and we have been advised by our retained insurance broker to expect the policy to be in place in mid to late April, making the final payments unconditional. We therefore expect to receive GBP179,043 net from the first instalment by the end of April after the costs of the insurance policy, and other deferred transaction expenses are settled. Should there be any delays in this payment we would have a working capital deficit.

The net cash expected from the final deferred consideration payment due in November is GBP278,594.

We still retain a lease on a property in London that we have to service. We are pleased to report that within March 2011 we have sublet the largest of three units on a short-term basis and are confident that this will convert to a longer-term arrangement. We will continue to look to sublet the remaining space. As at year end, the provision relating to outstanding commitments on these premises was GBP415,000 (2009: GBP517,000).

The Board believes that with the receipt of the deferred consideration, the expected growth in China and the material cost savings made, the Group has sufficient working capital to get back into profit. However, it acknowledges that should there be any delay in the receipt of the deferred consideration the Group may need to raise further capital. In addition, there are opportunities to expedite evolution in China for which the Company may, in any event, seek to raise additional funding. "

All with the usual caveats - IMHO, as far as I can tell, merely an opinion etc etc etc.

But please do resume with the muppetry....

[topinfo] 21/4/2011 13:07

Im back in, chart looks good for big rise!!

[topinfo] 21/4/2011 13:05

Very interesting article on the development of Digital Media in China. It is a case that Andrew Moss is in the right sector at the right time with ADH. IMHO

See link for details:

In-store Digital Media in China – The next billion-dollar opportunity?



Huge Growth Potential going forward for ADH

[flyingswan] 21/4/2011 11:14

Anyone got Level 2 on ADH with limits and Prices. Looks to be building for another Tick Up IMHO.

[halo1] 21/4/2011 05:21

FlyingSwan you really are a parody of the three monkeys - hear no evil, speak no evil and see no evil!

You obviously have no clue how to read financial statements and are so in love with a company / person that has spent so much and delivered so little that I cannot begin to fathom what twilight zone like places your mind sits in!

I agree with Carver - WAKE UP, smell the coffee and either vote Moss out by getting enough people to call an EGM or sell off and save yourself! I got away half my holding last week in light of yet another flannel wash from Moss

[flyingswan] 18/4/2011 09:18

Interesting share option RNS - share at a premium to current share price - encouraging staff to help the company to grow. IMHO

[whyme] 16/4/2011 01:48

nope just an email will do for AM or DL but I think a call will be ok to their office next week.

[almosr] 14/4/2011 12:03

The real problem is that Adrian(and his friend Andrew, probably) have no idea about marketing, advertising, communications, so they have failed over and over again to really grasp what their clients want and need.
It is too late now to save them....their last big punt is China, and that is patently going to go the way of all their other adventures.
Moss and Lees, you are a disgrace, and AIM should chuck them out.

[shuell] 14/4/2011 10:23

FlyingSwan you really are a muppet. The CEO is called Adrian Moss and he is a muppet too.