International Brand Licensing Share Discussion Threads

[philjeans] 22/9/2009 09:40

Rob; I notice your post last year confirming that the co has authority to buy back it's shares - I wonder if they have been the occasional bidder for 50ks at a time?

If so, it can only do us good as the share price creeps up and the float diminishes.

[robward] 21/9/2009 20:19

You have too laugh !!!

[agreeable] 14/9/2009 09:48

these interims mark a new low in Reynold's stewardship of this business. The expenses of running the Swiss business do not even match the income. Thereafter there is another £200,000 of UK costs most of which will be paid to Reynolds and his FD or rent to Reynolds or support costs for Reynolds.
The best thing that can happen is for Reynolds to step down and let someone else use the cash to buiild some value

[philjeans] 25/6/2009 08:00

Ticking up steadily on small but persistent buying; m/c almost covered by cash and worldwide brands and trademarks in for zilch.

A nice cash shell for somebody?

BUY whilst you may.

[philjeans] 20/5/2009 14:18

Under the radar but hugely undervalued and will, eventually, come good and achieve due recognition.

[philjeans] 20/5/2009 07:45

Finals out today; a complicated set of accounts with several exceptional items in there.

A large loss this time but really only from writing off goodwill and other intangibles.

M/C now almost completely covered by cash and there is a huge hidden value in the trademarks and goodwill of the remaining brand territories;

Highlights:


* Shareholder funds increased to GBP5.07m (2007: GBP4.98m)
* Cash and cash equivalents increased 74% to GBP2.50m (2007: GBP1.44m)
* Sale of three Admiral territories (Japan, South Africa, and Turkey), grossing over GBP1.8m in cash
* Completion of WICB cricket contract with annual sponsorship costs terminated
* Termination of ECB cricket contract with annual sponsorship costs terminated
* All Admiral cricket stock written off and closure of warehouse, reducing ongoing fixed costs
* Further investment in the Admiral and Muscle Brands, both of which have been expensed to the Income Statement


Due to its healthy cash resources coupled with a substantially reduced fixed
overhead base, the Group is very well positioned; it is interesting to note that based upon the current market capitalisation, the Admiral and Muscle brands are valued at less than GBP200,000, which is very surprising considering that during 2008, the Japanese territory alone for the Admiral brand was sold for in excess of GBP1.2m.


Interest continues to be shown in the brand and a number of opportunities are
being actively pursued. Despite the economic difficulties, IBL is in a very
strong position and the Board will continue to work tirelessly to enhance
shareholder value in the coming year.

[philjeans] 27/4/2009 11:33

Another deal announced; more revenue for no outlay.

These IPR deals will all add up to big bucks.

[love it] 20/4/2009 15:10

50k sell did nothing still only buy 2k on line sell 75k at 6.9p

[philjeans] 20/4/2009 15:04

A few P.I's beginning to catch on to the stonking value here.

Results next month will be very bullish.

[love it] 20/4/2009 14:04

Watching this one on line size nice at the mo.


Get this sell 75k buy 2k on line. L2 nms 10k so they have to deal that.


Any reason

[philjeans] 20/4/2009 11:30

Having closed a couple of deals recently, they now have £2.7M in cash with no debt; current M/C £2.4M.

Have also renegotiated their remaining world wide IP rights and will earn more from less.

Completely unrecognised by the market now and due a big bounce.

[agreeable] 02/12/2008 14:51

there seems to be no reason to keep this business going, why do they need an MD in Switzerland, they sell nothing. Best thing, close down everything and return the cash

[topvest] 08/10/2008 15:53

Sold out of here at break even. There are better places to put your money at the moment. Good luck for those that remain.

[robward] 06/10/2008 12:42

Hi Topvest
I have just spoken with Paul Foulger the F.D and he actually put a Resolution at the last AGM to buyback up to 30% of the Shares in issue, this was passed but due to the lack of liquidity it is virtually impossible to buyback any meaningful stake...I guess its a case of waiting for value to out in the end.

Regards

Rob Ward

[topvest] 01/10/2008 21:11

Yes, will be interested in their response. They seem to be cashing up well on Admiral.

[robward] 01/10/2008 11:21

Hi Topvest
Talk about hidden value, I find the price of this stock quite incredible. The Market Cap is a mere 3.4m yet we have 2.7m in cash. Although the Japanese Trademark was sold for 1.18m, it accounted for 20% of revenue so using the same multiple the whole Group Trademark is worth circa 6m. This is of course without putting any value to the new Chinese license or of course the "Muscle Athelitc" Brand. I have considered phoning the company to question why they are not instigating share buy-backs whilst the opportunity is there. I think I probably will phone and let you know the outcome.

Regards

Rob Ward

[topvest] 25/9/2008 22:31

More hidden value.

[the shuffle man] 25/9/2008 13:35

this is why

International Brand Licensing sells Admiral trademarks in Japan for 231 mln yen




LONDON (Thomson Financial) - International Brand Licensing Plc. (IBL) said
it has sold its Admiral trademarks in Japan to its local licensee, IPGI Inc. and
Toyota Tsusho Trading Corp. for 231 million yen.
The proceeds from the sale would be used to provide further working capital
to the company going forward, it added.
Tony Hutchinson, chief executive, IBL, said: "IPGI has, and will, continue
to invest heavily in Admiral, and will provide us with a powerful strategic
partner for key emerging markets such as China and Korea where we have newly
signed Admiral licensees marketing the brand."
[e-mail]

[cottlet] 25/9/2008 10:06

Must be something going on here. On the toplists board. What's afoot?

[topvest] 24/6/2008 12:12

Agreeable - I take it that you are not a fan of Reynolds...all I'm saying is that he is well connected and so a deal of some sort may happen at some stage.

[ntv] 24/6/2008 10:03

another sale of part of the business
surprised this guy has not made a bid for the whole business

[agreeable] 24/6/2008 07:02

What exactly is the track record you are talking about, are we talking about his previous involvement with Terry Ramsden and his naked stealing of the Hansard business thereafter. The promise of a deal is nonsense, Sports brands are now two a penny, it no longer has any high profile team contracts and therefore its value reduces. I am surprised the auditors did not make them write down the carrying value of the brands, the main business is loss making and an impairment review should lead to a write down. However as the auditors are part of the normal Reynolds team not much independence here.

[topvest] 23/6/2008 21:42

The Chairman is a good chap though IMO. I can see the business being sold and a reverse takeover or some other deal activity happening at some point. Adam Reynolds has a good track record on this front. It's a case of sitting tight here and waiting to see what happens. Today's news was a tad disappointing though!

[ntv] 23/6/2008 10:48

lets just hope someone comes into buy admiral and give is a decent exit
muscle brand looks a pointless effort at the mo