Imagesound Share Discussion Threads

[diogenesj] 08/9/2006 10:13

Yes, disgraceful. You probably need to turn off your 'parental control', Spangle.

[bigbigdave] 07/9/2006 18:10

Shocking language from Cambo imo

[spangle93] 07/9/2006 18:05

Some very inscrutable posts recently - can anyone else read the last 2?

[doubleorquits] 07/9/2006 14:44

Your cynicism was indeed justified, CR. Now you should be able to telephone him with the request for a clear EPS figure in future reslts. I am sure he will now oblige with a clear conscience!

[cockneyrebel] 07/9/2006 14:15

He bought first thing yesterday - obviously thought ther would be a rush to buy :-)

CR

[cockneyrebel] 07/9/2006 14:13

Looks like the FD has been adding a few :-)

CR

[cockneyrebel] 07/9/2006 14:07

Well he has a degree in history so he must be an expert!




CR

[diogenesj] 07/9/2006 13:55

I suspect James Crux is a media analyst who has been too much influenced by the media he is supposed to be analysing, CR. He's presented us with one of those fashionable productions where the readers chose whether they want a happy ending or a sad one.

[cockneyrebel] 07/9/2006 12:08

looking at the trades that's a 50K sell an hour ago and the mm's haven't flinched, so looks like a decent buy order being filled.

CR

[cockneyrebel] 07/9/2006 12:04

That is the crux of the question Diogenes :-)

CR

[diogenesj] 07/9/2006 11:45

Worth quoting the last two paragraphs of that ludicrous GCI comment in full (my emphasis):

"Furthermore, May acquisition MusicStyling.com has established the group as the leading provider of bespoke music content to the global luxury hotel, spa and resort industry. With its finances strengthened, new debt facilities in place for possible acquisitions in a consolidating market, a strong pipeline of trials under way and new accounts from blue chip clients coming on board, the shares are worth a speculation at current depressed levels.

However, with creditors due within a year standing at £5.6m and both the media sector and the high street notoriously risky areas, we reckon the shares of this still loss-making business are best avoided at present.

James Crux"

Who's James Crux? Sounds like a committee effort.

[cambium] 07/9/2006 10:55

I don't know if this was posted yesterday

LONDON (AFX) - Imagesound PLC, which provides in-store music, radio and TV services, said it is 'comfortable' about meeting market expectations for the full year as it reported a swing to profit at the operating level in the first half to June 30.

The group posted an operating profit of 91,000 stg compared with a loss of 332,000 a year earlier as lower costs outweighed a fall in turnover to 3.9 mln stg from 4.1 mln.

'The decline in sales in the period reflects the board's decision taken in 2005, to reposition the business away from the speculative systems sales business, which was both erratic and non complementary to the core business, and to focus Imagesound on improving the quality of our recurring business,' the company said.

Looking ahead, chairman Derek Mapp said: 'We have a strong pipeline of trials, continue to win new accounts from blue-chip clients and are securing additional business from existing customers. All these factors make us comfortable of meeting market expectations for the year.'

[liarspoker] 07/9/2006 10:49

Well I'm hoping for the price to drop before it rises. :O)

[cockneyrebel] 07/9/2006 10:46

That tip sheet is the biggest sack of Sxxx I have ever had the misfortune to read. I subscribed two years ago, cancelled my subscription a while back tho as it is just inconsistent dross.

Some of the tips are absolute disasters - they tip 4 a day nearly. Some of the most screaming buys they ignore then get punters to try buying dreamer stocks - I'd love to know where they get their ideas from. Tipped MPH a while back and never mentiond the end of YSL contract - a massive feature. Emailed the tipster about that - not a reply (too embarrased imo)

Like you say, what are they saying?! It's incredibly bad imo.

What they want to look at is the 590K operating profit, they will do that again in H2, plus some organic growth plus over £100K from Musicstyling. Probably £1.5m operating profit that will boil down to an adjusted eps of 1.3p imo.
This is why the interims were out 3 weeks earlier than last year and the FD bought 500K up to the closed period imo, not cos these weren't good results!

Wait till they get a proper tip, if these drossrags can work out bargains from dross!

CR

[tole] 07/9/2006 09:35

Well out of interest there was one review - an AVOID Recomendation in GCI last night.



Slightly confusing article - now which one to they really mean?

"the shares are worth a speculation at current depressed levels"

"we reckon the shares of this still loss-making business are best avoided at present."

[bigbigdave] 07/9/2006 08:36

Think we would have been marked up at the open if there had been any Spangle.
Just sit tight for a nice ride.

bbd

[spangle93] 07/9/2006 08:25

Any reviews in papers, magazines, tipsheets.... parish magazines, proceedings of model railway enthusiasts, budgerigar weekly, shopping lists, post-it notes?

[cockneyrebel] 06/9/2006 17:47

22p could still look very cheap in 6 months imo. The 2.4p eps next year should get a decent upgrade at the year end results at the pace these are moving at. 2.7p looks easily possible if not more.

Say a fwd PE of just 11, growth of 100% = 30p a share on that basis in 6 months. It's a penny share too and they tend to run away a bit so who knows, more maybe?

Whatever, they still look well cheap even on current forecasts imo, let alone upgrades.

CR

[bigbigdave] 06/9/2006 17:29

CR- think even the traders can see its a clear run to about 22p

bbd

[cockneyrebel] 06/9/2006 17:10

thought there might have been more traders selling today after a big run up, not having delved into the results but no, I obviously underestimated them :-)

The interesting thing now is going to be the likes of the press and Investors Chronicle etc. If they sit down and look at these carefully they'll notice Musicstyle doesn't kick in till H2 and the rest of the business is growing and increasing margins.

Looks like 330K sold, 230K bought bit the offer is up - mm's still filling a buy or two of size imo.

Wait till these start ticking up and the buyers will start moving in imo.

Forward PE less than 6, probably 5 - won't stay that low when these have 100% growth forecast imo.

CR

[spinkydink] 06/9/2006 16:38

I am happy to hold

[cockneyrebel] 06/9/2006 11:11

Yep, looks like the lease payments might be a bit more than the mortgage. I assume if the value of the property was £980K they had it mortgaged to £980K. Probably at 7% interest only say - so £70K pa mortgage replaced by £115K lease payment - £45K increase but for that they've raised about £1.5m+ I think.

They would never have raised that sort of money elsewhere at £45K pa interest.

The MusicStyling acquisition looks a cracker. It had £80m operating profit in the year bought and they look like they have doubled the business in 4 months. That probably means something like 200K operating profit pa.

So you can probably expect MusicStyling to add £100K to operating profit in H2 imo. Add in some organic growth from the rest of the business and H2 looks like being at least 50% higher than H1 which would mean adjusted eps of 1.25p+?

Would definitely mean the 2.4p eps for next year gets upgraded imo. Fwd PE might be 5 or less for 100% earnings growth - extremely cheap still.

CR

[wiganer] 06/9/2006 11:06

Mediocre results. That may not be the point in the long-run. Nevertheless am happy to have taken profits ahead of the news, and am in no rush to get back in.