Ebtm Share Discussion Threads

[granny7] 14/10/2008 08:44

"despite the broader retail market conditions, is experiencing record sales conversions."

[greengiant] 14/10/2008 08:16

Is this is sneaky hidden profit warning?

"With the uncertainty amongst UK High Street retailers, wholesale revenues will be lower than previously expected.

gg

[trigger45] 14/10/2008 08:00

EBTM paid £4.75 million to acquire Lowlife.

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.

So £4.75 million paid - £300.000 tops sold in 18 months?

[trigger45] 14/10/2008 07:15

EBTM paid £4.75 million to acquire Lowlife, which was settled:



• £1.5 million by way of an issue of 26,785,714 new ordinary shares in the
Company to Dale Masters, who owned 100% of the share capital in Lowlife ; and



• £3.25 million in cash, financed by the Placing.



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. Lowlife is predominately an accessories brand.
Atticus which is the single largest brand distributed by Lowlife was operated
under license until the subsequent acquisition of the brand IPR, further
detailed below.


I'm losing faith here big time. What do others think?

[trigger45] 14/10/2008 07:07

EBTM PLC
14 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.'

[dixi] 13/10/2008 11:36

Goods arrived today - many thanks EBTM - no problems with the service - as ever.

Interseting to note I registered for this transaction using a different email via my company server. At home I use AOL and no longer receive emails from EBTM. The emails arrive fine to the new registration address.

EBTM are you being blocked by AOL for some reason - nothing gets through! Or could it simply be a local issue to my email address. No idea how many AOL users are out there - I know Carphone Warehouse owns them now in UK?

[westcoastrich] 13/10/2008 10:06

well it is a credit crunch lad, these small fry reporting outgoings greater than incomings are all gonna wither on the vine. investors risk profiles have changed greatly. AIM destined to be a graveyard in next 12 months.

[rutter] 13/10/2008 10:04

westcoastrich....you appear to be worrying about the cash position of every stock on AIM.......even AST :-)

[oscar_hermann] 13/10/2008 09:51

Should find out soon, maybe they're just checking the sofas as we speak...

[dixi] 12/10/2008 20:04

Granny7 - apparrently nor did they!!

[found1dotcom] 12/10/2008 18:18

when is the final result?

[t 34] 11/10/2008 19:24

Final result.
Last year they published them on 10 October,hopefully next week.

[trigger45] 11/10/2008 14:53

I've bought a couple of things and I'm the wrong side of fifty.

Has the company responded to any of the emails sent to them? Is anyone aware if ASOS suffered in the early stages with their website?

Are the problems with the site worse than others, or is it really scaremongering?

Considering the amount of problems they have suffered, you would have thought that with the ASOS connection, they would have had a good idea of what was/and who could provide the solution they needed.

[westcoastrich] 11/10/2008 13:12

Some posters noted the company has had a number of CCJs this month for not paying postage and advertising bills. You can find details by googling. It is fact and if u have time you can check court records. Anyone have a figure on the cash position?

[granny7] 11/10/2008 12:33

Profits in the Wrinkles trying to keep looking young as well then Dixi..keep it up...someone may believe it!

[westcoastrich] 11/10/2008 09:39

* Bailiffs have been calling at JJB Sports after the sports retailer failed to pay the rent at some of its stores.

JJB owes at least £500,000 on vacant stores for which

it is still liable and has

14 days to pay before a creditor can start bankruptcy

proceedings.

[malkie] 11/10/2008 00:17

bet ya not as old as me dixi!

[westcoastrich] 10/10/2008 23:33

There will be no more money for this dog. 0p soon. IMHO.

[dixi] 10/10/2008 20:16

Oi I'm 'kin ancient and I have just bought summat on EBTM - mind you I am not cash rich anymore!

Oh, and Malkie says I am gullible - I'm feeling younger already!

[granny7] 10/10/2008 19:10

Meanwhile...lots of profit in T Shirts and jeans for gullible,cash rich young things!