Mediazest Share Discussion Threads

[demonboy] 10/6/2020 11:17

https://www.bbc.co.uk/news/business-47400209

[demonboy] 10/6/2020 11:05

More haptics.https://www.avinteractive.com/news/digital-signage/ocean-outdoor-introduces-touchless-advertising-screens-19-05-2020/

[russman] 10/6/2020 08:34

& did the Directors take a pay cut.

[frjdnverijtnhj8568934] 10/6/2020 07:32

LOL. Its a worse update.
In fact the financial position is worse than I thought. There is a big net working capital deficit. Net assets are £1.548M but £2.75M of the assets are classified as intangible. In Mediazest's case think worthless. They've been unable to generate a profit from these assets since IPO 14 years ago.

[demonboy] 09/6/2020 22:37

9 June 2020MediaZest Plc("MediaZest", the "Company" or the "Group"; AIM: MDZ)Further Update re: Trading PerformanceThe Board provides a further update on trading for the six months to 31 March 2020 following the Group's 'Updated Trading Performance and Covid-19 update' announcement yesterday.After further analysis, the Board confirms the Group recorded an unaudited EBITDA loss of £11,000 (as opposed to a £57,000 EBITDA profit) and a loss after tax of £43,000 (as opposed to a loss of £50,000) for the 6 months to 31 March 2020.In addition, the Group had net assets of £1,548,000 (as opposed to £1,629,000) at 31 March 2020.

[demonboy] 09/6/2020 22:36

A much better update than before.

[russman] 09/6/2020 10:35

Its another loan.
I presume it will be used to pay the Directors emoluments.

[liberatingsteptoe] 09/6/2020 09:34

Ever heard of Covid19, Russman?

[russman] 09/6/2020 05:16

A Bounce Back Loan says it all.
Cashflow negative again.

[demonboy] 08/6/2020 22:26

There's a lot of haptic tech around.

[demonboy] 08/6/2020 21:56

Maybe this explains better, Examples include the vibration felt in a mobile phone, https://www.pocket-lint.com/phones/news/apple/149457-what-is-apples-haptic-touch-technology-how-does-it-work-and-what-can-you-do-with-it

[demonboy] 08/6/2020 21:48

This includes research and development around motion sensing technology and haptic technology. With the latter, the Group has been working to incorporate new emerging tools that allow it to create experiences for clients which simulate touch in mid-air - without physically having to touch the object. Examples include the vibration felt in a mobile phone, but there are also wide-ranging applications in terms of customer experience that the Group is working to develop.Initial reaction from potential customers for these two product lines has been encouraging.

[demonboy] 08/6/2020 21:25

https://youtu.be/Cjh0IfCniIkOTT!

[demonboy] 08/6/2020 21:11

https://en.wikipedia.org/wiki/Haptic_technologyIt's going to be huge market for this technology.

[demonboy] 08/6/2020 21:08

https://youtu.be/Y1TEK2Wf_e8Haptic technology.

[demonboy] 08/6/2020 21:06

Haptic technology, used in Iron Man,

[demonboy] 08/6/2020 21:00

The Group is pleased to now note that as the lockdown has been eased across many countries, further client sites have re-opened and in May 2020 MediaZest delivered on two of the previously delayed projects. There are several other projects now similarly scheduled for completion in June 2020 and the Board expects that all previously delayed projects will be delivered in the coming weeks.In addition to these existing projects which are now at the completion stage, the Group has been involved in active discussions in relation to potential new client mandates over the last month, and several are expected to be won during the next 4-6 weeks.

[liberatingsteptoe] 08/6/2020 16:49

frjdnverijtnhj8568934
Just before you posted, the spread was briefly .05 to .07 but then became .06 to .07 for a considerable length of time. At no stage was the spread ever close to even 50% let alone 100%, so I don't stand corrected!
Ls
demonboy, I quite agree.

[demonboy] 08/6/2020 15:08

Continuous contracts and new models.

[demonboy] 08/6/2020 14:59

All in all a decent rns.

[demonboy] 08/6/2020 14:58

handful of clients continued to keep stores open being in 'critical industries' throughout the "lockdown" period. Strictly following the latest Government guidelines including social distancing rules, the Group has continued to support these clients on an ongoing basis; often using advanced remote management tools to quickly assist clients. These clients have been able to use digital signage installed by the Group to communicate quickly and effectively with their customers to improve safety and introduce/react to new rules as they evolve. The Group is pleased to now note that as the lockdown has been eased across many countries, further client sites have re-opened and in May 2020 MediaZest delivered on two of the previously delayed projects. There are several other projects now similarly scheduled for completion in June 2020 and the Board expects that all previously delayed projects will be delivered in the coming weeks. In addition to these existing projects which are now at the completion stage, the Group has been involved in active discussions in relation to potential new client mandates over the last month, and several are expected to be won during the next 4-6 weeks. Contractual recurring revenue streams continue to be robust and the Group recently renewed a key long-term contract until October 2022 (with a clause to extend for a further 12 months) plus a significant annual contract with another client in May 2020. The combined value of these over the initial contractual periods is approximately GBP150,000 rising to up to GBP220,000 if extension clauses are activated. Response to the Pandemic At this time, it remains difficult to fully assess the extent to which the Pandemic will affect forthcoming trading and financial performance as the situation is evolving rapidly. April and May trading were adversely impacted but it is expected that the operating subsidiary, MediaZest International Limited, broke even for May 2020. The Board is still working on the assumption that the disruption caused by the Pandemic will have an impact for a minimum of six months and continues to plan accordingly as best it can. As previously announced, cost savings of approximately GBP150,000 had been identified and executed at the beginning of April, and in the intervening period the Group has secured further savings of GBP20,000 in addition to this amount. The Group continues to utilise the Government's Job Retention Scheme to furlough certain employees and secured a Bounce Back Loan under the Government's scheme of GBP50,000 in May 2020 to provide additional cash resources during the "lockdown". New technology and products As well as reducing costs, the Group has been investigating several new lines of business, all associated with the audio-visual market, aimed at meeting client's changing needs after the Pandemic. This includes research and development around motion sensing technology and haptic technology. With the latter, the Group has been working to incorporate new emerging tools that allow it to create experiences for clients which simulate touch in mid-air - without physically having to touch the object. Examples include the vibration felt in a mobile phone, but there are also wide-ranging applications in terms of customer experience that the Group is working to develop.

[frjdnverijtnhj8568934] 08/6/2020 14:55

"The Group's cash balance on 31 May 2020 was GBP55,000. The Group is currently
considering both its short- and medium-term funding options as a result of the
Pandemic. "


The government's furloughing scheme has kept this company alive for now but you know what's coming.

[frjdnverijtnhj8568934] 08/6/2020 14:53

Why are you using the current bid/ask spread when I posted my comment 2 hours and 19 minutes previous?

[liberatingsteptoe] 08/6/2020 14:45

frjdnverijtnhj85689348 Jun '20 - 13:26 - 1044 of 1045
100% spread??!! With your mathematical abilities, we can all sleep soundly.
Ls

[demonboy] 08/6/2020 12:57

All the nay sayers out now.