Imagesound Share Discussion Threads

[matt9991] 01/1/2007 17:08

Masurenguy - This should help ease your concerns.

5 October 2006


Imagesound plc


Issue of new shares and convertible loan notes


Imagesound plc (AIM: ISD), one of the UK's leading suppliers of in-store music,
radio and TV services to the branded retail and leisure sectors, today announces
that it has issued and allotted to Quester, one of its largest shareholders,
312,500 ordinary shares at 16p per share and fixed rate unsecured convertible
loan notes with a nominal value of #1.45m.

The Company has applied for the 312,500 ordinary shares to be admitted to
trading on AIM and admission is expected to occur on 9 October 2006.

The convertible loan notes carry a 5% annual coupon which accrues from day to
day and is payable twice annually. During the six year period following the date
of the convertible loan notes, the notes may be converted at any time into
ordinary shares of Imagesound plc at 16p per share.

The proceeds of the refinancing will be used to repay existing debt and
therefore as a consequence of this financing, Imagesound will have debt of
approximately #500,000.

[masurenguy] 01/1/2007 16:57

CR - this company looks to have some excellent potential. However I'm a little concerned about the gearing with net debt of circa £3.3m reported in the Sept interims. That is quite high for a company with sales below £10m and the interest cost of circa £250K per annum is not insignificant either.

It would seem that you don't consider this to be a major issue so I would be interested to know your view on this.

[bigbigdave] 30/12/2006 13:07

Pssst........ results only 9 weeks away 8-)

[maximoney1] 29/12/2006 17:24

cheers cambo

[illiquid investor] 29/12/2006 14:26

....prefer to get em when its quiet....beats paying full ask...

[68steve] 29/12/2006 12:54

Illiquid might join you here but with results due March will probably hold off till end of Jan,Good luck...

[cockneyrebel] 29/12/2006 12:47

another 50K buy as well as your's illiquid investor.

Nice buy price.

CR

[illiquid investor] 29/12/2006 09:53

...........i took 50,000..............

[hasten] 29/12/2006 09:50

I'm getting tempted.
Would only be a small buy
Waiting to see where LED is going to end up. Then might redirect some profits
Hasten

[cambium] 29/12/2006 09:37

Nice to have you on board Maxi.

[maximoney1] 28/12/2006 22:43

Took a maiden stake in this today, hoping it might bounce off the lower trend support. I believe downside risk should be minimised by the strength of fundamentals, however there is still a possibility of a slide back to 14p (previous price support and fib retracement) over the immediate short term....time will tell of ive caught it right.

[cockneyrebel] 27/12/2006 17:36

Too true Hector.

They say they've don the 1.1p eps they have forecast - the 2.4p for this year puts them on a PE of 6.6 and earnings growth of over 120%.

If the magazines or press wake up to these for a New Year tip they'll really motor imo.

CR

[hectorp] 27/12/2006 15:32

Well this is one of the possible doublers of 2007 all right. Its no won my close watch list.
Edited - I bought in .

[cambium] 22/12/2006 11:21

Merry Christmas all ISD ers

[taffytaffy] 20/12/2006 14:46

Rarely post on these forums as still trying to get into this share trading stuff! Has the issue regarding the proposed PPL licence fee increases been resolved. If not is it the uncertainty over this matter that is holding back these shares. Struggling to work out why these are not significantly higher, esp. after reading the post of CR and Liarspoker, etc...

[liarspoker] 19/12/2006 15:10

Well I am content to hold. 2.4p for 2007. MS is performing well adding over 50% of zones since the interims. RBS would have done a thorough analysis before granting the debt facilities imo. P/E is only 6.5 - 7 going forward way to low for what's to come imo and this hasn't been tipped in the press yet. :O)

[cockneyrebel] 19/12/2006 10:37

Yep, Music Styling looks a gem Liarspoker.

I think these are going to get tipped after the trading statement and that will wake the punters. Mags like IC and Shares won't have been paying that close attention but they will highlight the in-line' notice today and then also highlight the 2.4p eps expectations for the year starting in a fortnight.

There's the FD's buying of shares and Fairbairn too. All points to a very positive outlook imo. Trouble is most punters are looking for statements that say 'ahead'. That's fine when it's things trading on a fwd PE of 12 or whatever but here there is no growth being factored in - fwd PE 6.5 and earnings set to grow 100% this year.

The have RBS willing to set them up borrowing facilities of £9m - that says two things imo, the bank is very comfortable with their debt and ability to repay it and also that any acquisitions are likely to be for cash and earnings enhancing rather than deeply share dilutive imo.

Very pleased with the statement today - just waiting for the wider market to pick up on it from a mention or two here and there.

CR

[matt9991] 19/12/2006 09:15

not sure, they have 32 going in the shelbourne hotel

[liarspoker] 19/12/2006 08:58

2 v 1

Does anyone know what sort of income a 'zone' might generate ?

[liarspoker] 19/12/2006 08:34

Too slow: Dublin & Dubai are new.

At the interims MS was operating in 650 Zones in 180 Hotels.

They are now operating in 1,000 Zones in over 210 hotels.

48 new zones are currently being installed.

[liarspoker] 19/12/2006 08:21

I just read my notes on ISD and am in the process of taking notes from the T/S.

Whilst reading my notes I didn't come across anything regarding Dublin or Dubai - are these new 'zones' ?

Perhaps I just forgot to write them down from a previous RNS.

TIA

[cockneyrebel] 19/12/2006 08:00

Get to the results and everyone will be focussing on the current year forecast EPS of 2.4p

That makesw the PE 6.5.

Is there anything else trading on this low a PE? And 100% eps growth to boot.

CR

[liarspoker] 19/12/2006 07:53

Happy days. :O)