Imagesound Share Discussion Threads

[njp] 19/12/2006 07:34

Excellent! No worries here, then. Not that I had any. :-)

[novicedave] 19/12/2006 07:19

Looks good to me (especially the £9m debt facility- they obviously have some plans for expansion), and I like the fact they have announced the date of final results as well.

[elmfield] 19/12/2006 07:16

Should underpin price.

[bigbigdave] 19/12/2006 07:14

Got it now, sounds pretty good, looking to expand too.

19 December 2006


Imagesound plc


Pre-close trading statement, board changes and new banking arrangements


Imagesound plc (AIM: ISD.L), the UK's leading supplier of in-store music, radio
and TV services to the branded retail and leisure sectors, today announces its
pre-close trading update and details of its improved financing arrangements.


Imagesound has performed well in 2006 and made good progress on the development
of its strategy. The Board is confident that results for the year ending 31
December 2006 will be in line with expectations.


Imagesound's strategy is to build sustainable profits by leveraging its
operating infrastructure across a growing network of retail and leisure outlets,
obtained through new client wins and the acquisition of rival operators.


Despite the generally challenging retail climate for much of the year, interest
in the company's services has remained high. Clients continue to seek ways to
create and control their retail environment through the use of music, radio and
TV, to enhance the customer experience and support their brand offer.
Significant new and upgraded contracts were secured in the year with Carphone
Warehouse, B&Q, Uniqlo, Sports World, Next, Roseby's and Wickes.


Imagesound made two further acquisitions in the year, both of which are
performing well. Musicstyling.com was acquired in May and is being run as a
parallel brand. It is the leading supplier of bespoke music systems to the
luxury hotel market, operating around 1000 music 'zones' in over 210 hotels
around the world. It is currently installing 32 music zones in the Shelbourne
Hotel in Dublin and 16 zones at the Jumeirah in Dubai. Impact Audiomedia was
acquired in September and has already been integrated into the business. It
gives Imagesound the capability of producing radio commercials and bespoke radio
programmes in-house as well as a number of new customers including The Royal
Bank of Scotland, Toyota GB, Halifax Bank of Scotland and Reid Furniture.


In order to maintain its progress on acquisitions, Imagesound has recently
concluded successful negotiations with its bankers, Royal Bank of Scotland, to
enhance its financial resources. A new £9 million debt facility, subject to
normal lending criteria, has been agreed which will significantly increase
Imagesound's acquisition funding.


In addition, the Company is delighted to announce the appointment of Stephen
Yapp (aged 49) to the Board as a non-executive director with effect from 1st
January 2007. Most recently, Stephen was Chief Executive of DCS Group, the
software and services provider to the European Logistics and Automotive Markets,
which he joined in 2001. Stephen brings a wealth of experience of working with
international listed companies, including as Finance Director of SGB and Arjo
Wiggins Appleton Speciality Paper. Stephen replaces Charles Fairbairn who is
standing down from the Board as a non-executive director with effect from 31st
December due to increases in his other business commitments. The Board would
like to record its thanks to Charles for his substantial contribution as a
director of the company and Chairman of the Audit Committee since the enlarged
group was established in August 2004.


Imagesound will be announcing its results for the year ending 31st December 2006
on Wednesday 7th March 2007.

[cockneyrebel] 19/12/2006 07:13

trading statement out - the company will meet expectations at the very least.

As we enter the start of the new finacial year now they will now be on a PE for the current year of 7 or less ! Current year.

Wat too cheap imo - growing earnings at 100% pa.

CR

[bigbigdave] 19/12/2006 07:10

Can't read the bloody thing! ADVFN problems.
What does it say?!!!!!!!!!!!

[moneypit23] 12/12/2006 15:24

Even my slightly too eager trade yesterday is now in profit! :O)

[liarspoker] 12/12/2006 13:36

Nice rise. ;O)

[mykai] 12/12/2006 13:34

Just added a few for the next leg up hopefully

[cockneyrebel] 12/12/2006 13:23

180K net buys today, net buying yesterday.

I reckon the mm's had some sock to shift - migh be out of the way now - or might justhave been a walk down for someonne to buy on - we'll see.

CR

[cockneyrebel] 12/12/2006 12:38

just 1 mm left on the offer too :-)

CR

[cockneyrebel] 12/12/2006 12:37

Nice buy Ian - not many companies with 100% growth trading on a fwd PE of 6.5 that I can find, especially with the year end a fortnight away.

CR

[iandippie] 12/12/2006 12:31

Yep, that's my 23,352 shares showing up as a sell. Just to confirm, that was actually a buy.

[doubleorquits] 12/12/2006 10:13

Great price Ian - you forced me to pay 16p for my 25k (not showing yet) but it won't matter in the long run!

[cambium] 12/12/2006 09:56

well done Ian

[iandippie] 12/12/2006 09:51

Not like me to make an immediate profit. Makes a pleasant change though!

[pav 1] 12/12/2006 09:49

me too topped up 10k at 15.75 today

[sheik yerbouti] 12/12/2006 09:38

I've picked up a few too, on the turn now.

[novicedave] 12/12/2006 08:27

I'll have a few at this level as well, should come good on a 6 month view.

[iandippie] 12/12/2006 08:15

Just topped up at 15.25! :-)

[bigbigdave] 11/12/2006 17:59

If I didn't know you better I'd call that de-ramping Sir 8-)

[liarspoker] 11/12/2006 17:08

Nice drop. ;O)