Imagesound Share Discussion Threads

[cockneyrebel] 30/11/2006 13:26

up again today I see - it wants to go through this level imo, one tip or RNS and we breakout for 21p on the chart.

These were ahead in H1, I think they have to put out an RNS when they are ahead for the full year. Year end Dec 31 so possibly any time from now to the results imo.

CR

[matt9991] 30/11/2006 13:07

exactly LS. If you look at the chart for the last year, 17p is very close to its 12 month high, but the company has changed. It has proved that its business model is a success. It has made an acquisition that is instantly earnings enhancing. I am hoping for a ride similar to the focus one which has been playing out over the last few months. I am happy to pay 16.9p for my shares, since in 3 months I expect them to be closer to 30p. Maybe I am being over hopefull, but I think this is a quality company. It will be good to get another set of results under its belt. I hope that we get a trading update shortly, we will see.

[ptolemy] 30/11/2006 13:04

CR,
thanks for reply.

[liarspoker] 30/11/2006 12:12

I have a feeling that this chart will resemble the ANGL chart. Cycles of sharp northward movements followed by periods consolidation.

How do you play this ? Easy - Buy and hold.

[liarspoker] 30/11/2006 10:57

Agreed matt - no use in trying to buy on the next RNS imo.

[matt9991] 30/11/2006 10:55

should see my buy now. buy while its quiet. enjoy the ride :-)

[diogenesj] 26/11/2006 20:26

I agree with you, Arthurly: it's hateful, so we may as well make some money out of it by way of compensation.

[cockneyrebel] 26/11/2006 18:17

Not just stores but hotels too. It's a big market Arthurly. All these stores have to create a 'shopping experiece' (what a carp phrase) for customers these days, we expect to hear a bit of feel good music to entice us to purchase. I'm a sceptic with these sorts of things but have made a conscious note that when I've gone into a store playing music that I like (like the right clubing music if I'm out buying some part party clothing say) then I definitely feel more receptive to the store.

Not only do they 'have to' have this stuff they have to manage it too, know what they have played in what store and what royalties are due.

By the way, I notice my local M&S revamped store now plays music in the background so even the old stick in the muds are coming round to it.

CR

[arthurly] 26/11/2006 17:38

Not exactly a growth business though is it ? Sure you can squeeze more profit out of it short term but only to a certain extent. Hate instore music anyway.

[diogenesj] 26/11/2006 17:19

I think the company started as a cash shell or investment company, hence the classification under General Financials, which is now long out of date. Three businesses were acquired in August 2004 to form Imagesound.

[spangle93] 26/11/2006 13:59

CR - Thanks for the time you took to share your experience, ref ISD.

One quick follow up questions for you or others - I know one technique to value a stock is to compare its PER against that of its sector, and consider whether it justifies a PER above or below the sector average. Both III and ADVFN include ISD in the sector "speciality finance" or "general finance". Is that a catch all category for ones that can't be placed in other categories??? Is "media" a more appropriate sector for comparing ISD's PER against its peers? If not, what sector would you use, or would you just not apply this relative technique here.

I'd seen the 2006 thread (started 10-Dec-05), but I wasn't sure what the process was for starting the next. I'll add the 2006 one to my favourites, so I can keep tabs on any developments. Ta.

[cockneyrebel] 26/11/2006 11:30

When the 2007 thread is created there will be a review of the 2006 Doubler thread first and a kink to the new thread.

Here's the old one to watch:



There were a lot of good calls on there last year.


PE's tend to re-rate on a number of factors such as how well the company has delivered, what are it futur eprospects, how reliable are the earnings, what is the growth rate like and how low is the current PE compared to the similar co's imo.

ISD currently trades on a fwd PE of 7.3 on current forecasts. By January 2.4p eps will be the forecast for the current year and investors start to look fwd a bit further. By the results in March investors will start to look at the growth going fwd, the PE etc and probably start to see the stock looks even cheaper going fwd.

All these things gradually affect the price as more information, more awareness and more confidence in the stock develop - hopefully - and so greater demand for the stock increases the rating.

Of course if a fund or two get very interested (The Command Fund has been buying these up heavily) or there's a broker upgrade or positive trading statement that all affects the rating too.

So a gradual process on various factors I think - that's the short answer :-)

CR

[spangle93] 26/11/2006 09:31

CR
Sorry to others for a newbie question, but when you have created your 2007 Doubler thread, do you normally put a note to that effect on other BBs like this one?

Also, ref ISD, what do you think they need to do to justify a re-rating of PER? Providing they deliver their full year results in line with expectations, (or preferably better than them!), and an optimisitic statement about the future, does that give the required confidence to institutions, or is it a more gradual process over the next year or two?

[cockneyrebel] 25/11/2006 20:42

:-)

CR

[bigbigdave] 25/11/2006 20:07

LOL Wouldn't dream of it 8-)

[cockneyrebel] 25/11/2006 19:53

Plolemy

I don't think the PPL issue is resolved yet. The downside is that it would reduce ISD's earnings but it is something they have long been aware of and hasn't prevented the FD and other directors buying. I think the reason is that any increased fees would be industry wide, so they wouldn't be in a less competitive position, the status quo would be maintained in that respect. The second issue is they have developed a line of 'royalty-free' music that companies can take if the increased royalties become an issue so in that respect they may actually be in a better competitive position if the PPL rights do change, offsetting the change.

bigbigdave - yep, I was going to put it in the 2007 doubler thread - and as the thread is mine to carry on I get first chance to do so when I create it so no ideas about beating me :-)

CR

[bigbigdave] 25/11/2006 17:16

These going on the '2007 stocks to double' thread CR?
Seems a very likely candidate as the interim results suggested that the FY results would be even better 8-)

bbd

[ptolemy] 24/11/2006 12:07

Anyone know the outcome of this issue referred to in the March interims? Thanks

"As highlighted in March, we are still awaiting the outcome of the Copyright
Tribunal's review of the proposed PPL licence fee increases for 2006. This
licence fee is paid by our customers and is an important part of the cost of
running in-store music. Whilst the continued uncertainty over this matter is
unhelpful, there are signs that one of the outcomes of the review might be a
transfer of responsibility for site licence payment back to PPL. Such a move
would significantly improve the transparency of the actual cost of music
provision as opposed to the associated licensing costs.
"

[liarspoker] 24/11/2006 10:53

Another Directors buy wouldn't go astray Spangle93. ;O)

[spangle93] 24/11/2006 10:48

Hey Liars

According to finance sites, these boys haven't issued a trading statement for over a year, so they don't make a habit of it. FY 2005 Results weren't til 27-Mar this year. What's going to be the trigger for some news, in your opinion? It would be nice to time an additional purchase just before one :-)

[liarspoker] 24/11/2006 10:19

No news for a month. You can bet your bottom dollar that we'll hear something soon.

Remember the financial restructuring is complete, director buys and a ( conservative ) prospective forecast of 2.4p.

On 100%+ earnings try working out the P/E & the PEG. Mind boggling isn't it.

[lord gnome] 22/11/2006 21:29

Yes indeed Colin. These are now on my radar. Need to sell something first though :-)

[colin hart] 22/11/2006 14:02

may alert a few chart watchers in

[bigbigdave] 22/11/2006 12:04

Good man Geraldus, welcome aboard 8-)

[geraldus] 22/11/2006 12:01

Bought in first thing this morning.Looked at this a few months back and didn't like the debt situation,much to my chagrin I should have put it on my watch list as things look a lot rosier now.(%0)