Interactive World Share Discussion Threads

[yinyang42] 15/6/2006 14:07

couple of big trades

[always in the red] 13/6/2006 16:13

simon14

Thanks for posting those details, very useful indeed. I only hold a few but I am planning on adding when funds permit.

[seagreen] 13/6/2006 14:52

I am begining to get aroused

[simon14] 13/6/2006 14:32

As promised .Sorry its messy and not complete its the bare bones I will add if you want. But this is only 10% of whats available.



Interactive World Plc (Interactive) is a digital media content provider. The company distributes its content (images and video downloads) via UK Mobile Network Operators (MNOs) and Internet search engines. Interactive recorded PBT in FY04 and FY05 of £2.9m and £3.2m respectively. The company completed its IPO on the AIM market on 8 May 2006, raising £2m (gross) of new money for additional working capital, international expansion and boosting its sales team. Based on our analysis of comparative players in the industry, we initiate on Interactive with a Buy recommendation and a target price of 99p.· Interactive World has established itself as a leading player in the UK mobile content delivery industry. It has invested heavily in its technology since the company was formed in 2000 and allows content suppliers to monetise their customer databases and products across all mobile networks.· Interactive World, via its relationship with mobile aggregators, can deliver client content via all UK MNOs and onto every mobile handset. Interactive's technology has ensured that its delivery of images and downloads has been successfully completed on +1,400 different handset types over the past five years.· Interactive's services encompass the delivery of mobile content to consumers, as well as distributing content via mobile and Internet search engines. The company also provides analytical tools for monitoring customer content use, allowing clients to conduct customer profiling and effective customer relationship management. Interactive has also developed a platform that allows content owners to effectively manage their own content distribution with automated data recording and billing systems. · Interactive's services are highly scaleable and the company has recently embarked on its first international growth drive, targeting the Belgian and Australian markets via its relationship with the mobile aggregator, OPERA.· The company has a track record of profitability since inception and we forecast continued profits growth in FY06. We are estimating PBT of £4.2m in FY06 and, based on EPS of 7.2p, derive our target valuation of 99p/share (13.8x earnings).Daniel Stewart acts as Nominated adviser and Broker to Interactive World
Text Box: Update INTERACTIVE WORLD
7 June 2006 ITW.L 75p BUY

Interactive World is a UK-based mobile and Internet content supplier. It owns
and operates the technology behind a proprietary mobile content provision
system. It also has an exclusive agreement with The Sport Group to distribute
content from its vast library of material to Internet and mobile phone users.
Interactive World also has agreement to distribute Sport Group content to MNOs,
as well as industry peers such as Stream Group.

The company has been operational for more than five years, having been
established in 2000 as a content provider. It has since invested in its content
distribution and user-analytics technology to provide MNOs and Internet search
engines with the most appropriate content. It has a five-year track record of
profitability and we estimate this to continue in FY06 with estimated PBT of
£4.2m.

The company has been operational for more than five years, having been
established in 2000 as a content provider. It has since invested in its content
distribution and user-analytics technology to provide MNOs and Internet search
engines with the most appropriate content. It has a five-year track record of
profitability and we estimate this to continue in FY06 with estimated PBT of
£4.2m.

Interactive World sources its share of revenues from the MNOs via the billing
aggregator and is responsible for then passing the content provider's share into
their accounts. This enables the client to gain access to industry standard short
codes via Interactive's own systems.



Interactive World retains an estimated +29% of the revenues from the customer
purchasing mobile content. The remainder (post-VAT) reverts to the content
provider (such as The Sport Group), the MNO and the billing aggregator (i.e.
OPERA). For example, a £1.50 bill to the consumer for receipt of a text will be
sub-divided as follows;

Figure 2: Interactive World revenue model


Cost of call

150.0p

150.0p

Less: VAT

26.3p

123.7p

Less: Mobile aggregator fee

5.0p

118.7p

Less: MNO fee

30.0p

88.7p

Less: fee to content provider

44.4p (50%)

44.4p

Revenue to Interactive World

44.4p
% of total cost of call
29.6%

Providing technology to supply content to consumers accessing the
material via text messaging orders on all UK MNOs
Correctly formatting dynamically each image or download to suit all
mobile phone handsets
Content sourced from trusted and exclusive suppliers
Sources include The Sport Group with which Interactive has a 5-year
exclusive agreement
Development of further suppliers across the gaming, dating and other
sectors
roviding content to leading UK MNOs, accessed by the consumer via a
word or phrase search on their WAP-enabled handset
Offering complete management reporting systems to improve client
retention
Delivery of superior search results, more attuned to each customers'
specific requirements via deep linking
Services provided for MNOs including Orange, Yahoo, O2/Bango
roviding content to leading UK MNOs, accessed by the consumer via a
word or phrase search on their WAP-enabled handset

The key element of Interactive's technology is that it allows clients and Internet
search engines to fully monetise their customer database, providing incremental
revenues for each group.

Furthermore, Interactive has developed proprietary technology that enables the
group to record extensive knowledge on its group database. Each consumer
sending an inbound SMS will provide Interactive with the individual's phone
number, handset type and network operator. Interactive will also know which
advert they are responding to (assisting in future campaign development) based
on the text trigger received. On an average day, Interactive will bill more than
10k phones (new and existing clients), establishing a database to date of c.4.7m
verified users (of which +800k have transacted in the past 12 months).


Interactive's technology can be used on all mobile handsets, providing a key
advantage for the group in such a growing and dynamic industry. The company
estimates that it has provided content to a total of +1,400 different handsets
over the past five years and the proprietary software delivers content that works
on every one.

Interactive's content provision service for MNOs is complemented by its mobile
search engine capabilities and text chat services. The group currently has an
estimated +30k users of its text chat services.
believe that the key growth driver for the company is the monetisation of its
substantial database into which it delivers mobile content by providing additional
services and content onto their mobile phones.

The cashflows from the content provided by The Sport Group have effectively
enabled Interactive to invest in its technology so that it can offer clients (content
owners, distributors and MNOs) a premium quality and diversified offering that
encompasses search engine capabilities, database mining and the opportunity to
create their own content portals.


In terms of the broader mobile phone industry, we believe that the gradual shift
to higher definition and superior phones should further enhance the demand for
mobile content.

Interactive's average revenue of per customer is highest on the '3' network (3G
phones). This highlights the increased potential usage that should flow through
from the UK (and worldwide) shift from second generation phones (2.5G/GPRS),
that currently make up the majority of UK phones, to third generation (3G)
mobile handsets. This move should increase Interactive's average revenue per
user and provide significant top-line and margin expansion.

[volsung] 12/6/2006 15:48

Is there lovely ladies showing their diddies on the site? I like to see them do that. Sometimes girls like doing bad things for gentlemen so that they can get money to buy girlie stuff like handbags.
I don't have a girlfriend. Sometimes girls smile at me but I don't trust them. They want to take advantage of me. But I like to see naked ladies on the internet. Is this site good?

[simon14] 12/6/2006 15:42

Always In The Red, We cant link to it & its 24 pages!! so I darent post it all here, ill pick the best bits and post, give me 24 hrs..
Cheers

[addicked] 12/6/2006 12:45

Todays rise due to Small Company Share Watch main tip.

[silverfern] 12/6/2006 08:32

that's a bit better..

[always in the red] 08/6/2006 11:58

simon14
Could you provide a link or paste the article please. I couldn't find it on the Daniel Stewart website
Thanks

[simon14] 07/6/2006 15:11

Very indepth and positive report by Daniel Stewart today.
ITW is profitable unlike so many companies on AIM but is rated like an unprofitable `dog.` Things just dont make sense sometimes.

[diddlboy] 07/6/2006 11:32

He can have mine at a 10% discount to that price.

[tole] 07/6/2006 09:52

AITR

Dan Stew put a note out this morning - BUY rec with 99p price target.

[diddlboy] 30/5/2006 17:25

Coitus interuptus methinks.

[always in the red] 30/5/2006 15:55

Did Daniel Stewart provide any write up or future share price forecast when they launched this one? I can't find much on them.

[amg72] 30/5/2006 13:50

I'm not a chartist but is that a double bottom forming!!!

[diddlboy] 26/5/2006 11:33

Limper and limper.

[chesty1] 25/5/2006 15:20

No BUT I would like it aswell...

[amg72] 24/5/2006 13:27

Does anyone have a link to their website!!

[diddlboy] 20/5/2006 09:08

So, there are 4 of us eh.!!???

[spinnin] 19/5/2006 14:47

I love porn. Sign me up

[silverfern] 19/5/2006 14:29

please, I didn't buy shares in this company to read references to Cilla Black on this thread! ANyway once the US settles down I think buyers will jump into this one