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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ebtm | EBTM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.09 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.09 | 0.09 |
| Top Posts |
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Posted at 02/7/2009 13:53 by dixi Hmmmmmmmmmm - new owners having a 75% off summer sale - all may still not be rosy in the EBTM camp!! |
Posted at 02/3/2009 07:32 by cyberpost Statement re. Suspension (EBTM)TIDMEBTM RNS Number : 0867O EBTM PLC 02 March 2009 EBTM Plc ("EBTM" or the "Company") Suspension announcement The Company announced on 27 February 2009, that its operating subsidiaries were to be placed into administration. The board continued to evaluate options to maintain value in EBTM plc but it has now concluded that this is not possible and application is being made to the High Court for the appointment of administrators for EBTM plc. Therefore, the Company has requested a suspension, with immediate effect, of trading of its shares on AIM. Blue Oar Securities Plc resigned on 1 March 2009 as the Company's nominated adviser. In consequence as the Company does not intend to appoint a replacement nominated adviser, the Company's AIM listing will be cancelled with effect from 7am 1 April 2009. |
Posted at 01/3/2009 00:21 by westcoastrich 27 February 2009 EBTM Plc ("EBTM" or the "Company") Proposed appointment of subsidiary administrators |
Posted at 09/12/2008 23:51 by westcoastrich 08 December 2008EBTM EBTM plc ("EBTM or "the company") Directorate Change EBTM plc announces that Quentin Griffiths has decided to step down from the board with immediate effect to concentrate on his other business interests. The board is grateful for the advice and support he has given the company and wishes him well in the future. |
Posted at 23/10/2008 09:41 by dixi Well maybe EBTM can make a good go of this, maybe they will eventually flourish once they have got the business fettled and running ok - but at what price to existing holders. At the current cap it would not be hard to imagine 100% dilution as an eventual possibility. I think they will need to be doing a bit better than ok to raise funds at anything less than a big discount. Maybe the banks are not supportive of the business? Clearing the debt would probably be a wise move rather than spending on trying to expand?Too many 'maybes' in my post. Think my time is up to be honest! Best of luck to LLOYDEBTM - I suspect you are up to your neck in EBTM - your great faith deserves to be rewarded. I have seen so many posters get trashed by a shock announcement from a company, it could easily happen here. To me the greatest problem is that EBTM's last fundraising spoke very confidently of the future, the next RNS was the sale of Lowlife and a more guarded outlook, so whats next? There have been issues raised about the stock levels and the shape of wholesale - EBTM are giving little away to investors - suffice to say selling Lowlife gives a good indication of the state of play. |
Posted at 14/10/2008 14:25 by dixi Well Malkie - I will read through this and see if I can spot anything - see what you think...............Acquisition of Lowlife Today, the Company also announces that EBTM has entered into a contract to acquire the entire issued share capital of the Lowlife group of companies (" Lowlife"), comprising Core Brands Group Limited and its subsidiaries and Twentyfour Seven Trading Limited ("the Acquisition"). Lowlife is a wholesaler and on-line retailer of clothing and accessories in the area of music inspired fashion. Its product range and marketplace are highly complementary with that of EBTM and represent approximately 10% of EBTM's current retail sales. For the year ended 31 December 2006, Lowlife's profits before tax were #646,000. At that date it had net assets of #846,000. EBTM is paying consideration of #4.75 million to acquire Lowlife, to be settled as follows: * #1.5 million by way of an issue of 26,785,714 new ordinary shares of 0.5p each in the Company to the vendor of Lowlife ("Consideration Shares"); and * #3.25 million in cash, to be financed out of the proceeds of the First Placing and the Company's own resources. It is anticipated that completion of the Acquisition will take place on 6 June 2007, following admission of the Consideration Shares and the First Placing Shares to trading on AIM ("Admission"). Board Following completion of the Acquisition, Dale Masters, the vendor and managing director of Lowlife, will join the Board of EBTM. Dale founded Lowlife in 2001 and as Managing Director has developed, manufactured and marketed a number of leading music orientated / youth culture brands, including Atticus and Lowlife in the UK, Spain and internationally. Prior to this, he worked for French Connection in the UK and the Far East. He has a degree in Marketing and Accounting from Victoria University, Melbourne. Dale has entered into a service agreement with the Company, terminable on 12 months' notice, under which he will be paid a salary of #100,000 per annum and will be entitled to a bonus of up to 62.5 per cent. of salary and options to subscribe new ordinary shares at an aggregate subscription cost of up to 62.5 per cent. of salary (depending on the performance of the company in the year to 30 April 2008). Reasons for the Acquisition The Board of EBTM believes that in view of the complementary nature of both businesses there will be a number of opportunities of a trading and operational nature where revenues and margins can be enhanced and costs saved. Atticus Lowlife's products are marketed under a variety of brand names, some of which are the subject of third party ownership and for which it pays royalties for the right to use the brand name. Atticus is one such brand and Lowlife has agreed to acquire the intellectual property rights in the Atticus clothing brand from Really Likeable People Inc ("RLP") ("the Atticus Agreement"). The consideration payable under the Atticus Agreement is US$ 4.2 million in cash on completion which is to be no later than 9 July 2007. This acquisition will not only save the royalties currently being paid by Lowlife to RLP but will also provide a revenue stream from existing licensing arrangements with third party distributors in North America and provide further opportunities to develop new royalty revenues. Accordingly, the Second Placing also includes sufficient new funds to permit the Company to finance the completion of the Atticus Agreement, as well as an amount to finance the working capital requirements of EBTM as enlarged by the Acquisition. The Directors intend to raise up to #1 million of debt finance to add further to the Company's financial resources. |
Posted at 14/10/2008 07:07 by trigger45 EBTM PLC14 October 2008 EBTM plc ('EBTM' or 'the Company') Sale of Lowlife Brand EBTM plc, the vertically integrated online retailer and wholesaler of music inspired fashion, today announces the sale of its Lowlife accessory brand to Plus Brands Ltd ('Plus Brands'). EBTM will retain exclusive, perpetual distribution rights for the Lowlife brand in the UK on favourable commercial terms. The sale of the Lowlife brand is part of a restructuring of the wholesale business to improve efficiency and enhance margins. The reduction in overhead, partly resulting from the sale, is expected to result in annualised total savings of approximately £600,000. With the uncertainty amongst UK High Street retailers, wholesale revenues will be lower than previously expected. However, the restructuring of this division has been implemented to maintain the expected profitability of the group. EBTM purchased the Lowlife brand as part of the acquisition in May 2007 of Lowlife Corporation Ltd, the wholesaler of music inspired clothing and accessories. No specific valuation has been placed on the brand previously as the revenue contribution from Lowlife branded sales is not material in group terms. The Company will receive a cash consideration of £200,000 from the sale. Furthermore, Plus Brands will pay additional deferred consideration of 20% of global sales revenue of the Lowlife brand in excess of £500,000 in 2009, up to a cap of £100,000. Plus Brands is owned by Dale Masters, Lowlife Corporation's founder, a former director of EBTM and a major shareholder of EBTM. As part of the agreement, Mr & Mrs Masters' shareholding of 21,898,696 shares, representing 8.1 per cent. of the Company's issued share capital will be subject to lock-in arrangements for the next 12 months. Owing to Dale Masters having served on the EBTM board in the last 12 months, the sale of the Lowlife brand to Plus Brands is classified as a related party transaction under the AIM rules. The Directors of EBTM, having consulted with their nominated adviser, Blue Oar Securities Plc, consider the terms of the sale to be fair and reasonable insofar as its shareholders are concerned. Richard Breeden, commented, ' The sale of this non core asset strengthens our balance sheet and will allow us to invest further in the online side of the business which, despite the broader retail market conditions, is experiencing record sales conversions.' |
Posted at 01/10/2008 13:21 by baheid101 LloydEBTMI am a holder, have been for ages. I am pretty confused as to how EBTM having huge amounts of stock is a no-brainer positive - it is only positive if the company can sell that stock profitably. What we know 100% for sure is that the company have used the EBTM website to flog excess Atticus stock using very aggressive discounts and offering a number of incentives that further dents the profitability - 50-70% discounts, free delivery, 20% discount codes. They have also had a further 'warehouse clearance' in the East End of London which implies that they still weren't able to clear their Atticus stock through EBTM.com despite all of the above. If the wholesale demand for Atticus (largest international market is struggling Spain)was as strong as indicated at the last results (orders up 40% year on year) then why would they be in such a position? I had previously thought it was a stock-clearing excercise in preparation for a warehouse move but now I am not so sure - I am nervous that Niggle's observations of independent retailers really struggling has impacted demand and EBTM have simply overbought their Atticus product. Now, set against this negativity I would put forward the following observations of positive trading at Atticus. Remember the wholesale business made £600k of EBITDA before being acquired and accounts for 75% of group profits. In the USA the new licencee seems to have worked very hard on grass-roots selling and brand building by operating stalls in a large touring rock/punk festival called the Vans Warped Tour. In addition Atticus is now being stocked on the Hot Topic website and if the Atticus brand could be rolled out across the Hot Topic pan-USA store portfolio then happy days. Increased online distribution - the number of websites stocking Atticus has expanded rapidly during 2008 e.g play.com Brand building through association with bands/artists has accelerated (loads of tour sponsorship deals where EBTM sell atticus products at gigs). Clearly we are taking it on trust that this promotion approach has sound economics (i.e. the tour support/product giveaways to artists are less than the gross prodit from product sales) but Breeden indicated to me last year that they do not pay bands so hopefully they are making sound commercial judgements here. Cheers BH |
Posted at 23/9/2008 20:26 by granny7 Date Source Company Announcement 18 Sep, 2008 EBTM PLC (EBTM) Change of Adviser 29 Aug, 2008 EBTM PLC (EBTM) Holding(s) in Company 31 Jul, 2008 EBTM PLC (EBTM) Total Voting Rights 03 Jul, 2008 EBTM PLC (EBTM) Placing 17 Jun, 2008 EBTM PLC (EBTM) Preliminary Results EBTM PLC (EBTM) Board Appointment 11 Jun, 2008 EBTM PLC (EBTM) Notice of Results 08 May, 2008 EBTM PLC (EBTM) Directorate Change 01 May, 2008 EBTM PLC (EBTM) Pre Close Statement 08 Apr, 2008 EBTM PLC (EBTM) Appointment of Group FD 03 Mar, 2008 EBTM PLC (EBTM) Grant of Options 22 Jan, 2008 EBTM PLC (EBTM) Interim Results 04 Dec, 2007 EBTM PLC (EBTM) AGM Statement 30 Nov, 2007 EBTM PLC (EBTM) Total Voting Rights EBTM PLC (EBTM) Issue of Equity 19 Nov, 2007 EBTM PLC (EBTM) EBTM Launches US Webstore 31 Oct, 2007 EBTM PLC (EBTM) Annual Report and Accounts |
Posted at 05/6/2008 12:15 by malkie missed this last week...EBTM Epic: EBTM Our second recommendation is EBTM, a small company with big ambitions. The initials stand for Everything But The Music and the business designs, manufactures and sells fashionable clothes with a twist either, they carry pop bands' logos or they are the kind of items that pop musicians would wear. EBTM was founded three and a half years ago by Richard Breedon, who spent 13 years in the music business, and Quentin Griffiths, a co-founder of the highly successful online retailer ASOS. Unlike ASOS however, EBTM sells its own brands, which are designed in the UK and made in Turkey and China. Currently, 65 per cent of the business is wholesale, whereby EBTM sells clothes and accessories to independent retailers and big stores. The remaining 35% of the company is an online business, selling fashion directly to the public. The company recently admitted that it was cautious about the outlook for its wholesale business, given conditions on the High Street. But that does not mean management is downbeat. The company used to focus predominantly on niche retailers but it is selling more and more items to mainstream fashion chains, not just in Britain, but throughout Europe. Growth in this area should compensate for any loss of business from independent boutiques, many of which are struggling in today's environment. The online division is going from strength to strength. Most of EBTM's customers are aged between 14 and 26 and this age group tends to buy clothes and fashion accessories whatever the economic climate. Almost all EBTM's products cost less than £60, which further insulates the company against the worst aspects of any consumer downturn. Breedon, now chief executive, is confident of meeting City growth targets and these are impressive - the wholesale business is expected to grow by 30% next year while the online business is forecast to deliver 50% growth. Supporters of the company believe it can sustain these growth rates for the next five years, expanding at home and overseas. EBTM joined Aim in 2006 and it is currently valued at just over £10m. Sales of around £7m and profits of £1m are forecast for this year, rising substantially in 2009. Midas verdict: EBTM's management is focused and fiercely ambitious. The shares are trading at 4p, having been as high as 6p last autumn. This stock is not without risk but Griffiths and Breedon have strong credentials and they are operating in one of the most resilient areas of fashion. Worth a punt. |
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