Dori Media Share Discussion Threads

[simon14] 28/3/2008 17:47

Weve seen this price action before, I might buy on T20 ahead of AGM.

[simon14] 26/3/2008 12:08

IChronicle article. Well It didnt say anything we didnt know, but reiterated the positive stance we all have in DMG, they added a buy recommendation.

[papalpower] 25/3/2008 12:41

DMG certainly looks cheap, however being overseas and on AIM you have to expect a fair discount to what would be "fair" value, in these markets.

[silverfern] 25/3/2008 12:22

Simon: the IChronicle article nope, but I agree that this is not one I would sell right now. The company is flying and Sony might be looking now (given the recent tie-in). I am ok to hold as I don't need the cash and frankly what success I've had day trading other shares in the recent turmoil I put down to luck ;)

[simon14] 20/3/2008 16:43

silver, so we cannot boast great profits on these shares over the last 8 months but they have been resilient and the business appears to be in very healthy shape, and relitevely recession proof too. A solid buy for the future.
Did you see the IC comment a few weeks ago?

[simon14] 12/3/2008 16:16

(I think they should change brokers.) agreed....

[silverfern] 12/3/2008 15:07

Sad to see this slip back to where it was before results. I think they should change brokers, or at least get some PR into the City. The spread doesn't help either. Still, when it does turn this will seem very cheap indeed imho

[greek islander] 21/2/2008 19:43

UK-Analyst this evening:

"Investors were tuning in to Dori Media (DMG), shares in which surged 21.5p to 185p, after the Israeli TV producer said pre-tax profits for the year ended 31 December 2007 jumped 60% to 8.15 million dollars on revenues that rose by 47% to 30 million dollars, due mainly to an increase in broadcasting sales. "The outlook for 2008 is very positive, particularly given LaLola's growing status in the market, as well as the anticipated revenue growth from the continuing success of Dori Media Distribution and Dori Media America, the Group's US subsidiary," said the firm."

[simon14] 21/2/2008 13:01

Juat got back from Hols. Theses were supposed to be reported on 28th I thought . I had prepared myself to buy 10k on T10. Still Im happy But a bit gutted I didnt do it before I went.

[greek islander] 21/2/2008 12:44

PP
I just realised that as I'd filtered you for the moment I'm missing out on your dmg comments which are usually bullish!

Edited

[papalpower] 21/2/2008 09:17

Daniel Stewart comment today :


Dori Media - BUY

Price: 159p Target price: 343p Code: DMG.L Analyst: James Hollins | 020 7776 6571


FY results; forecasts & target upgrades

Dori Media is our key pick in the media sector. The company has reported FY07A results c.19% ahead of our expectations.

We are upgrading our FY08E estimate by 13% and introducing a FY09E forecast of 51.5c (+24% vs FY08E).

We apply a 13x target multiple to FY09E EPS (343p target, 116% upside) and reiterate our Buy stance.

Dori's FY07A results reflect top-line growth of 47.1% ($30.0m vs $20.4m), with solid increases across all divisions.

The largest division by revenue, TV series rights sales (+71% YoY, c.60% of group sales), benefited from strong recurring revenue, as well as substantial growth from new additional content, including 'Lalola'.

Group gross margin increased from 73.4% in FY06A to 73.7% in FY07A (vs 69.0% forecast) with lower-than-expected content acquisition costs.

The group reported EPS of 33.8c, equating to 19.3% out performance against our 28.41c forecast and representing YoY earnings growth of 25.4%.

Following the FY07A results, and given our bullish outlook, we are upgrading FY08E PBT from $11.1m to $12.5m (+12.4%), with a resulting (unchanged tax rate of 21.0%) increase in earnings of 12.6%, from 36.97c to 41.62c.

We are introducing a forecast for FY09E, showing top-line growth of 35.2% to $82.5m, with earnings growth of 23.8% to 51.51c.

The resulting FY08E and FY09E multiples of 7.5x and 6.0x fail to reflect the strength of the business.

We believe that the company deserves a genuine growth multiple and premium to the UK television production sub-sector.

Dori's growth potential and existing position in the global Telenovela industry, in our opinion, justify a target of 13x FY09E earnings. On this basis, we apply a target price of 343p.

The value of the cash generative nature of the business is borne out in our DCF-based valuation that drives our bull-case valuation of 405p.

[papalpower] 21/2/2008 09:13

Nice set of results, very strong.

[tole] 21/2/2008 08:48

DanStewart upgrading.

"The company has reported FY07A results c.19% ahead of our expectations. We are upgrading our FY08E estimate by 13%"

"Following the FY07A results, and given our bullish outlook, we are upgrading FY08E PBT from $11.1m to $12.5m (+12.4%), with a resulting (unchanged tax rate of 21.0%) increase in earnings of 12.6%, from 36.97c to 41.62c."

"target price of 343p"

[tole] 21/2/2008 08:33

Dori's Palti hails "remarkable year" as sales soar

Industry Sector
Media

Nadav Palti, president and chief executive of Dori Media, today called 2007 "a remarkable year of growth and expansion" for the company.

Announcing full-year results, Palti said the company had increased revenues by 47% and maintained its gross margins in spite of making significant investments and holding its position right at the heart of the growth areas of the Telenovela market.

In the year ended 31 December 2007, Dori posted revenues of US$30 million (£15.4 million), with pre-tax profit up by 60% US$8.15 million.

Palti credited the performance to the substantial increase in the sales of broadcasting and format rights of Dori's shows.

"In 2008 we expect to continue to meet global demand for Telenovela by increasing the volume of productions and by launching more Telenovela dedicated channels both on Television and on-line," he said.

"We also intend to further capitalise on the popularity of this genre by strengthening the ancillary businesses which continue to perform well."

[silverfern] 21/2/2008 08:15

well, it's about time. Still way, way short of where it should be. Do the PEG and invest. DO you think

I am really pleased with the Sony deal- there may be other business coming from that. And if Sony thought buying the rights to DMG's telenovellas would give them bigger profits they could buy a controlling interest in DMG at these prices with their spare change

[tole] 21/2/2008 08:13

"this business is flying and its outlook is that this will continue"

Share price doing the same this morning :))

[silverfern] 21/2/2008 07:35

results are out - have a look!
-- Group Revenue up 47% to US$30 million (US$20.4 million)

-- Gross Profit up 48% to US$22.1 million (US$14.98 million)

-- EBITDA up 49% to US$13 million (US$8.69 million)

-- Operating Profit up 54% to US$8.3 million (US$5.4 million)

-- Profit before tax increased by 60% to US$8.15 million (US$5.09 million)

-- Profit after tax increased by 61% to US$6.6 million (US$4.1 million)

Check out the increases in H2; this business is flying and its outlook is that this will continue.

[silverfern] 19/2/2008 15:18

I see a bit of buying activity ahead of results this week.

[simon14] 24/1/2008 12:23

This good news isnt all that unexpected is it. Its just a shame that it comes during this termoil. Lets hope that people dont forget about it when stability returns.

[papalpower] 23/1/2008 13:33

Daniel Stewart comment today :

Dori Media - BUY

Price: 151p Target price: 278p Code: DMG.L Analyst: James Hollins | 020 7776 6571

Trading ahead of expectations

Dori Media has announced that its FY07 results (to 31 December) will be c.10% ahead of expectations.

The outperformance in FY07was principally based on a strong surge in revenue at the end of the year following a hugely successful Cannes MIPCOM festival ($6.3m and $9.9m actual/potential total sales) and the launch of its latest in-house Telenovela production, 'LaLola'.

'LaLola' has now been sold into 24 countries globally in less than six months. This is an outstanding performance and provides positive immediate upside, as well as longer-term secondary and high margin revenue generation.

Elsewhere, the group has expanded its production capabilities (acquisition of studios in Argentina announced October 2007), securing in-house production time and driving revenue from leasing of one of the three studios.

Critically, the group has also today stated that the start-up of its 'HOT' contract (estimated annual revenues of $20m over three years) has been 'very promising', underpinning our FY08E forecasts.

With the company 'very confident about the group's prospects for 2008' we see forecast risk very much on the upside and expect to raise numbers at the time of its prelims on 21 February 2008.

Based on a 10% outperformance of our FY07E estimates, the group is trading at just 9.7x FY07E earnings and 8.2x FY08E.

This rating significantly undervalues the group's base of TV production, broadcasting and distribution operations, with a strong, niche and fast growing position in the global Telenovela and broader TV industry.

We retain our Buy recommendation with 84% upside to our unchanged 278p price target.

[silverfern] 23/1/2008 07:52

And to think I could have bought yesterday! NOw clearly you don't run a TV station without some upfront investment. So what I like about today's news is that in spite of this they have beaten market expectations by 10%. In a calm market this would be double its current price, so on that basis, and with huge revenue increases now assured, I am a happy holder.

[simon14] 18/12/2007 09:53

this share price is b*ll*cks. I feel a buy coming on.(hopefully at a keener price than I paid last time.

[simon14] 18/12/2007 08:52

On any other day this would put on 20p to the share price