Share Name Share Symbol Market Type Share ISIN Share Description
Diablo Group LSE:DBLO London Ordinary Share GB00B0DG1X47 ORDS 7.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Diablo Share Discussion Threads

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Sounds like music to the ears.
sam miller
Diablo Group to acquire White Noise Music, change its name to X-Phonics LONDON (AFX) - Diablo Group PLC said it intends to acquire White Noise Music Ltd in a share transaction, raise funds through a share placement, and change its name to X-Phonics PLC. Diablo said it has entered into an agreement to wholly acquire White Noise Music from guitarist John McLaughlin in a share transaction valuing the company at 329,380 stg. Diablo also has an option to acquire up to 24.99 pct of Terminal Music Ltd (trading as the Mixing Rooms) from by John McLaughlin and Stuart McCredie for a consideration of up to 249,900 stg, or 10,000 stg for each percentage acquired. Diablo said 24,562,500 new ordinary shares have been conditionally placed at a price of 4 pence per share, to raise 982,500 before expenses. The net proceeds of the placement will be applied to meet the current overheads of the business, working capital requirements, and may be use to exercise the option in respect of the Mixing Rooms. Diablo intends to change its name to X-Phonics PLC to protect the company's intellectual property through the registration of trademarks. It said this protection was not possible with the company's previous name. Diablo said John McLaughlin will join the board as managing director on completion of the deals, all of which are subject to shareholders' approval at an EGM to be held on Aug 29 2006.
Very interesting!
RNS Number:1917H Diablo Group plc 03 August 2006 Announcement for release 3 August 2006 DIABLO GROUP PLC Proposed Acquisition of White Noise Music Limited ("Acquisition"),Placing of 24,562,500 new ordinary shares ("Placing") in the capital of the Company at 4p per share ("Placing Price"), Share Reorganisation and Change of Name (together the "Proposals") and Notice of Extraordinary General Meeting ("EGM") The Company has entered into an agreement to acquire the entire issued ordinary share capital of White Noise Music Limited ("White Noise") from John McLaughlin for a consideration to be satisfied by the issue of 8,234,500 Ordinary Shares, valuing White Noise at #329,380 ("the Acquisition"). The Company has also been granted an option to acquire an interest of up to 24.99 per cent. of the share capital of Terminal Music Limited (trading as the Mixing Rooms) ("Mixing Rooms") by John McLaughlin and Stuart McCredie for a consideration of up to #249,900, being #10,000 for each percentage interest acquired ("the Option"). Further details of the acquisition agreement and option agreement are set out below. John McLaughlin will join the Board as Managing Director on completion of the Proposals. John has over 20 years' experience in the music industry and the Directors believe he will be invaluable in contributing to the future strategy of the Group. Further details of his experience are set out below. The Company proposes to raise #982,500 before expenses, which will be applied to the current overheads of the business, working capital requirements, and may be applied to exercising the option in respect of the Mixing Rooms, in due course. As the Placing Price is below the current nominal value of the Company's ordinary shares of 7.5p, it is proposed to effect a share reorganisation to subdivide each issued ordinary share of 7.5p into one ordinary share of 1p and one deferred share of 6.5p. The unissued ordinary shares of 7.5p will be consolidated and subdivided into ordinary shares of 1p. Further details of the share reorganisation are set out below. The proposed share reorganisation requires shareholders' approval in general meeting. Accordingly, the Placing is subject to the passing of the relevant resolution and the Acquisition and the Option are, in turn, both conditional upon the Placing. Your Board propose to change the name of the Company to X-Phonics plc to facilitate adequate protection of the Company's intellectual property through the registration of trademarks. This protection was not possible with the Company's previous name. The change of name requires shareholders' approval in general meeting.
RNS Number:5705D Diablo Group plc 25 May 2006 Announcement - Diablo Group plc Diablo Group plc Change of Accounting Reference Date. Diablo Group plc has changed its accounting reference date to 30 September 2006 for the current year and annually thereafter. As notified at the time of Admission to AIM, this is to bring the accounting period in line with the practice in the music industry to account for royalties receivable in October of each year.
Interim results for the nine months ended 31 December 2005 Chairman's Statement Financial Results I am pleased to announce the Group's first results following the Placing and Admission to AIM in October 2005. These results for the nine months ended 31 December 2005 reflect the planned investment in the business since flotation, and the build up of the capabilities, infrastructure and contacts critical to growth. The Group made a pre-tax loss of £596,936. The operating loss for the Group was £445,956. The Group's accounting policy for revenue recognition is to recognise only those revenues that are certain (i.e. receipt of cash), and as a consequence, no estimates for future royalties are included in these results. Cost of sales includes all direct costs incurred in respect of sales recognised or to be recognised in the future. The Group's accounting policy as regards recoupable costs from artists or writers is that advances and expenses incurred in supporting acts are assessed and the value of the un-recouped portion is determined by reference to the prospect for future recovery based upon past sales performance, current popularity and projected sales. In this period no such carry forward of expenditure was considered appropriate primarily because of the early stage of development of our business. Administrative expenses of £288,717 in the period reflect the planned increase in salaried employees and directors, and the running costs of the business.
29 March 2006 Diablo Group Plc ("Diablo" or the "Company") Mike Hosie appointed as Managing Director Diablo Group plc, the AIM listed independent record label, music publishing and media production company, announces the appointment of Mike Hosie as Managing Director. This appointment is on an interim basis whilst the Company seeks candidates with strong music industry experience to replace the previous Managing Director, Mike Unwin. Mike Hosie will also continue the duties of Finance Director, the position which he previously held. With immediate effect, Mike Unwin is stepping down from his current position in order to further pursue his career in the film and television industry. He will continue to support the company and assist in the development of this area of the business on a consultancy basis
Embargoed: 24 January 2006, 0700hrs Diablo Group Plc ("Diablo" or the "Company") Re. Contract Diablo Group Plc, the AIM-listed independent record label, music publishing and media production company, is pleased to announce the signing of contracts on 19 January with The Disc Kiosk Ltd ("The Disc Kiosk") to become a sales agent for its CD on demand services Worldwide. The technology employed by The Disc Kiosk allows record companies to maximise revenues from old and deleted titles by making them available to customers online. The CDs are then produced to order, thus removing the need for costly pressing and storage, and mailed direct to the customer. Diablo will be working in partnership with The Disc Kiosk to expand the business and client list, which already includes Universal Music Group who have approximately 1,000 deleted titles with The Disc Kiosk, which have been selling for 18 months. Diablo will be looking to attract additional record labels of all sizes, from the UK and internationally, to add their catalogues to The Disc Kiosk and will benefit from commissions on a per unit basis of CDs sold by The Disk Kiosk from catalogues introduced by the Company. Diablo's Creative Director, Neil Reed, said, "The contract with The Disc Kiosk represents a substantial opportunity for both parties. The service they provide offers to record labels a risk free additional revenue stream. Coupled with our marketing and industry knowledge, this can only be a win-win situation for Diablo."
Immediate release: 30 November 2005 Diablo Group Plc (the "Company") Record Label & Publishing Division: Update Diablo Group plc, the independent record label, music publishing and media Production company, is pleased to announce its collaboration with Rick Finch, a US producer who has achieved four Grammy awards. The arrangement is in respect of a planned release in the US of an album by British artist Fran Balke. The album will contain four tracks which have been written and published by Diablo and are being co-produced with Rick Finch. The company has ceased its contract with indie rock band, Dive Dive. This decision was taken by the Board based upon past album sales and anticipated future revenues from this group not achieving appropriate levels.
Diablo Group Plc, the independent record label, music publishing and media production company, is pleased to announce the signing of contracts with Russian artist, "Love," to produce her new music video. The track, "Nowhere to Run," is due for release in Russia in the New Year. This contract comes as a result of the establishment of a new relationship with leading Russian artiste manager, Michael Topalov, from whom the Company expects to receive further commissions for music videos in the next three months. The Company is currently in discussions regarding a number of other Russian artists that are keen to come to the UK and take advantage of the production values that Diablo can offer. One such artist is singer/songwriter Tinatin, who Diablo are currently negotiating with to shoot a video for her song "I Pray." Managing Director, Mike Unwin, commented, "The Russian music industry is a key market to break into as the majority of their music production is performed in the UK and USA. Our relationship with Michael Topalov, which has already resulted in one signed contract, and another pending, should provide Diablo with an attractive and lucrative flow of business from Russia."
Looks like a good Punt, my grand kids have heard of them (bands) and they have them on their ring tones. The company doesn't give the band an advance (that's a plus) and they are Multi-Faceted group that produce music, videos, write songs, manage bands etc....... I'll have some of that... as I am sure one of the majors will come and gobble them up in the net 2 years (like they do with all the other Indies)...... Good Luck!
First Day Dealings on AIM Diablo Group Plc ("Diablo" or "the Group") announces the admission of its Ordinary Shares to trading on AIM. Key Points Diablo's shares begin trading on AIM today. A total of 32,938,000 Ordinary Shares are being admitted to trading, giving a market capitalisation of £3,293,800 at the placing price of 10p per share. Diablo is an independent record label and media management company. Diablo has three bands under contract which have achieved recognition in their respective market sectors. It released its first Dive Dive album in 2005 and the other two bands, Twen2y 4 Se7en and Kingskin, are expected to have albums released in the next six months. The Group's activities include video production, songwriting and publishing. Currently the larger proportion of revenues are earned from audio and video production and the provision of management services. Development of the recording business is expected to produce further revenues. The Group intends to generate additional revenues from the marketing and release of singles and albums by other record labels and music management companies and by providing management services. Diablo's Nominated Adviser is W.H. Ireland Limited. Diablo's Joint Brokers are W.H. Ireland Limited and S.P. Angel & Co Limited. Robin Davies, Chairman, commented: "I believe that the current market provides an opportunity for Diablo to maximise revenues and increase industry profile through offering our wide range of products and services. Admission to AIM provides the additional opportunity to further develop the business, and we look forward to the future with confidence. "
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