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MRM Metrodome Grp.

0.25
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Metrodome Grp. LSE:MRM London Ordinary Share GB0002937141 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.25 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Metrodome Share Discussion Threads

Showing 1576 to 1598 of 2150 messages
Chat Pages: Latest  74  73  72  71  70  69  68  67  66  65  64  63  Older
DateSubjectAuthorDiscuss
28/4/2006
07:42
i expect no mark up .. however this will begin to move up significantly over 2006...
moreforus
28/4/2006
07:38
TV-Loonland AG continues to view
Metrodome as an integral part of its overall business model and will continue to
actively support and encourage its further development and expansion.

moreforus
28/4/2006
07:24
Not bad at all - seems positive about the future. Perhaps there are one or two things to be announced!
vida
28/4/2006
07:14
We are now well
placed to significantly grow the Company further and explore opportunities in
new media as they develop in the coming months

moreforus
28/4/2006
07:11
ok found trhem...phew what a relief ... excelllent news....over 4 mill in sales a stronger H2...

Preliminary Results

RNS Number:1520C
Metrodome Group PLC
28 April 2006


28 April 2006

Metrodome Group plc

Preliminary results

Metrodome Group PLC (AIM: MRM) ("Metrodome" or "the Company"), the audiovisual
entertainment sales and distribution company, which is majority owned by
TV-Loonland AG (AIM: TVL), announces preliminary results for the year ended 31
December 2005.

During the period the Company produced an operating profit of #17,000, which was
achieved through sales from Metrodome's balanced portfolio of titles and against
an increased overhead. Whilst down on last year's #337,000 operating profit,
which resulted from the exceptional success of the Oscar winning film Monster, I
am encouraged that Metrodome can now produce a profit without relying on the
success of a 'hit' and that the Company has been able to improve its gross
margin to 45% (2004:32%).

Financial highlights of the results are as follows:

*Turnover at #4,012,000 was down 29% on 2004 (#5,683,000)

*Gross margins increased to 45% (2004: 32%) helped by a series of
successful back catalogue sales (c#669,000) at margins in excess of 75%

*Overheads were up 21% at #1,786,000 reflecting an upgrading in the
overall quality and level of resources within the operation in readiness for
future development and expansion

*Operating result remained positive with profit of #17,000

*There was a net cash outflow of #631,000 reflecting the Group's continued
investment in new titles/products, even within a year where the revenue
generation had decreased

Metrodome's revenue is derived from sales through the following channels:

2005 % of Turnover 2004 % of Turnover VAR
#000 #000
Theatrical 436 11% 943 17% (54%)
Television 276 7% 138 2% +100%
Rental 243 6% 109 2% +123%
Sell Through 3,057 76% 4,493 79% (32%)
--------------------------------------------------------------------------------
4,012 100% 5,683 100% (29%)
--------------------------------------------------------------------------------

Theatrical income of #436,000 was down 54% on 2004 (#943,000). 13 titles were
released compared to eight in 2004, however comparisons with 2004 theatrical
numbers are not truly comparative as 2004 included Metrodome's biggest ever
theatrical hit Monster (#2.6 million box office).

The only significant theatrical release during the year was The Assassination of
Richard Nixon, which achieved a total UK box office of #560,000. Whilst this was
always going to be a difficult film to release at the cinema, Metrodome did
receive many plaudits for its release and campaign and we have already derived
significant revenue from the film through our other sales channels.

Other theatrical releases in the year included Somersault, The Mighty Celt, Mad
Hot Ballroom and Lars Von Trier's Dear Wendy in the English Language Indie genre
and Evil; In your Hands and Lukas Moodysson's infamous Hole in My Heart in the
foreign language genre.

Both television and high margin rental sales have improved during 2005, as
catalogue and new titles are bundled together and new routes to market are
exploited such as video on demand (VOD) and universal media disk (UMD).

During 2005 the DVD market reached a point of maturity which saw the consumers
benefiting from price reductions at the expense of distributor's margins and is
reflected as follows:

2005 2004 Variance
Total distributor revenues from DVD Retail
in the UK #1,426.9m #1,598.0m (10.7%)

Total UK consumer spending on DVD Retail #2,263.3m #2,262.3m +0.04%

Source:- Screen Digest Video Intelligence April 2006

Against this backdrop the Company released 53 home video titles during the year
compared to 74 in 2004. 51 DVD titles were released in each of 2004 and 2005.
The decline in home video releases resulted from a reduction in VHS to only two
titles (2004: 23) and is due entirely to the decline of retail space allocated
to this format.

The strongest titles in 2005 were:-

*The Assassination of Richard Nixon, which shipped in excess of 35,000 units

*The Corporation, shipping in excess of 14,000 units

*TV-Loonland children's titles with Transformers sales now in excess of
102,000 units, My Little Pony, 61,000 units, and pre school compilation DVDs
in excess of 46,000 units

*Back catalogue/budget sales have proved very profitable during the year.
At least #669,000 of sales were made at more than 75% margin and this is an
area where the Company will look to expand its activities.

To further leverage our position in the market we began to offer sales and
distribution services to a third party, Second Sight Films Limited in mid-2005.
Eight new titles were released on their behalf during the year with 99,000 units
sold since.

Administrative Costs

The increase in administrative costs in 2005 comprises a number of
different components:-

*The recruitment of Peter Urie and the hand-over period whereby the
Company was incurring the expense of both Peter Urie and Andrew Keyte
*Bonus payments achieved reflecting individual achievements in 2004
*Increased office rent and service costs due to market conditions
*A thorough review of all insurance policies
*One-off professional costs reflecting advice required to reduce the
number of companies in the Group to ensure the best accounting, tax and
legal position going forward.

Review of Continuing Operations

The Company has for some time been watching the increased level of activity of
its competitors with DVD cover-mounts, which regularly feature in the weekend
editions of national newspapers. At the end of 2005 Metrodome entered into an
agreement which allowed for a cover-mounted copy of Donnie Darko - Director's
Cut to be released with The Sunday Times on 19 February 2006. Whilst this
generated a good return for the Company, the release of such a high profile film
in this way was counter-productive as it impacted trading relationships with
Metrodome's retail base.

One of Metrodome's key differentiators from its competition is the depth and
diversity of its catalogue and the retail relationships that allow for the
exploitation of that catalogue. The Company has therefore decided not to license
any more of its feature film properties for cover-mounts. Metrodome will however
look to work on campaigns that will support our retail partners in this area
such as part works and voucher driven campaigns.

Theatrical Releases

We are excited by the prospects of some of the films we have acquired and have
been or are due for release in 2006. Manderlay was released in March and the
highly acclaimed Shooting Dogs was released earlier this month. Eight further
releases are planned for 2006, with the following titles having already been
acquired:

Pretty Persuasions June release
Tell them Who You Are June release
Quinceanera July release
Them September release
Container November release

DVD Sales

With the success of the catalogue growth in 2004 and 2005 we are aiming to
continue this success by channelling more funds into 'straight to DVD' catalogue
titles and trying to acquire as many rights as possible (television, VOD) with
each acquisition.

Titles already acquired for 2006 include:-

Last Exit to Brooklyn
King Lear
Flight 93
Metropolitan
Until the End of the World
Twin Falls Idaho
Penguin Baywatch/City Slickers/Walking with Penguins
Nick Broomfield -The Early Works
-The Big White Revisited

Box sets are planned for five Sean Penn titles, a triple disk Monster limited
edition plus classic children's titles including Transformers, My Little Pony,
and The Enchanted Tales amongst others.

As cashflow improves with the ever-expanding catalogue then further investment
will be made into theatrical/all-rights releases.

Management

There were several changes to the Board of Directors in 2005, the most positive
being the appointment of Peter Urie as Managing Director. Peter, who replaced
Andrew Keyte when he left the business in October, has a wealth of experience in
production, especially of childrens' and family properties, and is ideally
suited to move the business forward. Peter was also appointed as Chief Corporate
Development Officer for the TV-Loonland Group. On behalf of the Board I would
like to thank Andrew for his help working with Peter Urie for several months to
ensure a smooth and thorough handover.

Selma Kaeppel replaced Bruce Fireman as Non-Executive Chairman in May and
Markus Schaefer left the Board in October. I would like to thank both gentlemen
for their help and advice during their time with the Group. Karl Homburg,
TV-Loonland's finance director was appointed to the Board in May 2005.

Post Balance Sheet Events

On 4 April the Supervisory Board of TV-Loonland AG announced the appointment of
Simon Flamank as CEO of the TV-Loonland Group, replacing Selma Kaeppel with
immediate effect. On 26 April 2006, Simon Flamank was also appointed to the
Board of Metrodome as Chairman of the Company. TV-Loonland AG continues to view
Metrodome as an integral part of its overall business model and will continue to
actively support and encourage its further development and expansion.

Outlook

Over the past year Metrodome has proved that it is a stable, high quality,
creative business that does not rely on 'one off' hits. I would like to thank
all of my colleagues in the Company who have worked so hard over the past twelve
months in order to produce this very solid performance.

Our industry is once again facing some interesting challenges going forward, and
I believe that Metrodome is now well placed to meet these challenges, and create
further opportunities for growth.

As a Company, we have an excellent reputation and track record and we are able
to quickly respond to the rapidly changing face of the business. We are now well
placed to significantly grow the Company further and explore opportunities in
new media as they develop in the coming months

As always we will continue to focus on cost control and operational
efficiencies, always striving for the best prices we can in product acquisition,
manufacturing, design and advertising.

Simon Flamank
Chairman
Metrodome Group plc

For further Information:

Metrodome PLC: 0207 153 4421
Peter Urie, Managing Director
Elaine Edwards, Finance Director

Tavistock Communications Limited: 020 7920 3150
Richard Sunderland
John West
Rachel Drysdale





Unaudited Consolidated Profit and Loss
Account for the year ended 31 December 2005
Year ended Year ended
31-Dec-05 31-Dec-04
(Unaudited) (Audited)
#,000 #,000
Turnover
- Continuing 4,012 5,683
- -
Cost of Sales
- Continuing (2,209) (3,858)
- -
--------------------------------------------------------------------------------
Gross Profit 1,803 1,825
44.94% 32.12%
Administrative Expenses
- Continuing (1,786) (1,475)
- -
Exceptional Administrative Expenses
- Continuing - (28)
- Discontinued - 15
--------------------------------------------------------------------------------
Operating Profit 17 337
0.43% 5.93%
- -
--------------------------------------------------------------------------------
Profit on ordinary activities before interest 17 337

Interest payable (114) (93)

--------------------------------------------------------------------------------
(Loss)/Profit before taxation (97) 244
Taxation - -
--------------------------------------------------------------------------------
(Loss)/Profit after taxation (97) 244
--------------------------------------------------------------------------------
(Loss)/Profit transferred to reserves (97) 244
--------------------------------------------------------------------------------

Earnings per share
Basic (0.1p) 0.3p
Diluted (0.1p) 0.3p



Unaudited Consolidated Balance Sheet
As at 31 December 2005
December 31, 2005 December 31, 2004
(Unaudited) (Audited)
#,000 #,000
Fixed assets
Intangible 23 25
Tangible 54 59
--------------------------------------------------------------------------------
77 84
--------------------------------------------------------------------------------

Stock 4,680 4,242
Debtors - due within one year 1,953 2,302
- due after one year 55 55
Cash at Bank and in Hand 2 48
--------------------------------------------------------------------------------
6,690 6,647

Creditors
Amounts falling due within one year (4,444) (4,311)
--------------------------------------------------------------------------------
Net current assets 2,246 2,336
--------------------------------------------------------------------------------
Total assets less current liabilities 2,323 2,420
--------------------------------------------------------------------------------
Creditors
Amounts falling due after more than one year (1,918) (1,918)
--------------------------------------------------------------------------------
Net assets 405 502
--------------------------------------------------------------------------------

Capital and reserves
Called up share capital 713 713
Share premium account 5,128 5,128
Profit and loss account (5,436) (5,339)
--------------------------------------------------------------------------------
Shareholders' funds 405 502
--------------------------------------------------------------------------------


Unaudited Consolidated Cash Flow Statement

For the Year ended 31 December 2005 Year ended Year ended
31-Dec-05 31-Dec-04
(Unaudited) (Audited)
#,000 #,000

Cash (outflow)/inflow from operating activities (489) 852

Interest paid (114) (93)

Purchase of tangible fixed assets (28) (38)
--------------------------------------------------------------------------------
Cash (Outflow)/Inflow (631) 721
================================================================================


Reconciliation of net cash flow to movement in net (debt)/cash

(Decrease)/Increase in cash for the period (631) 721
--------------------------------------------------------------------------------
Movement in net (debt)/cash (631) 721
Net cash/(debt) at start of year 48 (673)
--------------------------------------------------------------------------------
Net (debt)/cash at 31 December 2005/2004 (583) 48
--------------------------------------------------------------------------------

Notes to the Accounts
For the year ended 31 December 2005
1. Preparation of the accounts

The unaudited results for the twelve months ended 31 December 2005 have been
prepared on the basis of the accounting policies set out in the audited
accounts of the Group for the year ended 31 December 2004 with the exception
of accounting for the deferred shares under FRS 25. A prior year adjustment
of #1,918,000 has been made to share capital and creditors: amounts falling
due after more than one year in this respect.

The financial information presented above does not constitute full accounts
within the meaning of section 240 of the Companies Act 1985. Statutory
accounts for the year ended 31 December 2005, will be reported on by the
Group's auditors before distribution to shareholders and filing with the
Registrar of Companies.



2. Profit/(Loss) per share

The loss (2004: profit) per share is based on the consolidated loss of
#97,000 (2004: #244,000 profit) after taxation and minority interests and
the weighted average number of shares in the period of 71,309,543 (31
December 2004: 71,309,543).

3. Dividends

As in prior periods the directors are not recommending payment of a dividend

4. Net cash flows from operating activities

Year ended Year ended
31-Dec-05 31-Dec-04
(Unaudited) (Audited)
#,000 #,000
Cash outflow from operating activities
Operating profit/(loss) 17 337
---------------------------------------------------------------------------
Adjustments for non cash items
Depreciation of tangible fixed assets 33 31
Amortisation of intangible fixed assets 2 2
(Increase)/Decrease in stocks (438) (321)
(Increase)/Decrease in debtors 349 (207)
(Decrease)/Increase in creditors (452) 1,010
----------------------------------------------------------------------------
Net Cash Inflow/(Outflow) from operating activities (489) 852
----------------------------------------------------------------------------

6. Net Debt
Year ended Year ended
31-Dec-05 31-Dec-04
(Unaudited) (Audited)

Net debt at 31 December 2005 is made up
as follows:
Cash at bank and in hand 2 48
Bank overdrafts (585) 0
----------------------------------------------------------------------------
Net debt at 31 December 2005 (583) 48
----------------------------------------------------------------------------




This information is provided by RNS
The company news service from the London Stock Exchange

END
FR PUUUWCUPQGRM_SN_RNS1520C_SU_RNSTEST_XX_070140.0519_RZ__RT_R.xRoute.001
~

moreforus
28/4/2006
07:11
I like this a lot!!!

Outlook

Over the past year Metrodome has proved that it is a stable, high quality,
creative business that does not rely on 'one off' hits. I would like to thank
all of my colleagues in the Company who have worked so hard over the past twelve
months in order to produce this very solid performance.

Our industry is once again facing some interesting challenges going forward, and
I believe that Metrodome is now well placed to meet these challenges, and create
further opportunities for growth.

As a Company, we have an excellent reputation and track record and we are able
to quickly respond to the rapidly changing face of the business. We are now well
placed to significantly grow the Company further and explore opportunities in
new media as they develop in the coming months

As always we will continue to focus on cost control and operational
efficiencies, always striving for the best prices we can in product acquisition,
manufacturing, design and advertising.

Simon Flamank
Chairman
Metrodome Group plc

moreforus
28/4/2006
07:07
where are the results?
moreforus
28/4/2006
07:05
Back into profit with margins up from 32% to 45% and no longer a one hit type wonder but a solid company.Looks good to me.
gb679
28/4/2006
06:39
loonland share price fell from 2,1 euros ro 1.9 euros on the above news...draw your own conclusions from the market reaction....
moreforus
28/4/2006
06:22
brace yourself lads ... looks like loonland is living up to it's name, there have been some shennanigans at loonland - appointment of new chairman was because Selma Keppel left due to a disagreement over the future of loonlnad i.e code for being fired...worse still is the 26/4 trading statement - they are reporting that the loonland results are materially different to what Keppel stated...this is not good - how much of that mistatement is MRM we find out soon i guess....egg on face time....looks like they took a 1 off exceptional item of 16 mill euro and 19.7 odd mill euro amortisation charge.and a a 19.6 million euro loss (ie would have been breakeven...just however looks like smoke and mirrors to me - it's realising a a fall in asset value as a P&L item for a tax advatnage going forward..there is no real cashflow involvled)...remember this is all on lonlands balacnce sheet not Metrodoems, however looks like loonland have always been a bit of a farce.....

Ad Hoc Announcement Pursuant to Section 15 of the German Securities Trade Act (WpHG) - Revision of the Ad hoc Announcement made on April 25th 2006 - TV-Loonland change in 2005 results


Ad Hoc Announcement Pursuant to Section 15 of the German Securities Trade Act (WpHG)

TV-Loonland change in 2005 results

Munich, April 26, 2006 – On Wednesday, 29th March 2006, the Süddeutsche Zeitung published an interview with Managing Board Member Selma Käppel, who at that point in time was the CEO of TV-Loonland.

In that interview she stated for 2005, that revenues increased to EUR 17 m and TV-Loonland shows a positive net income for the year 2005. "We are expecting a black zero".

The consolidated results for the year ended 31st December 2005 are now close to finalisation and audit approval and they are materially different from the statements made by the former CEO of the company, with revenues of EUR 12.3 m and a loss of EUR 19.6 m resulting from an amortisation charge of EUR 19.7 m. Of this amortisation charge (without amortization of Goodwill) EUR 16.6 m is an exceptional item.

Since the appointment of the new Management Board on April 4th progress has been made in both stabilizing the business and planning for the future. The new Management Board are looking to achieve a profit in the business for 2006.


TV-Loonland AG, Press/Investor Relations,
Mark Kilisek
Phone: +49 (0) 89 20 50 8 – 0
Fax: +49 (0) 89 20 50 8 – 199
E-mail: mkilisek@loonland.com

TV-Loonland AG
Münchner Strasse 16
D-85774 Unterföhring/Munich
Germany

moreforus
27/4/2006
18:52
bottom line it's 81% owned by a German company called Loonland, they will back it in times of difficulty.....
moreforus
27/4/2006
18:36
Thanks for that
vida
27/4/2006
18:25
agreed specualtive but it's not just the q3 loonland report, it's the h1 2005 report that said that they always planned to amke a loss in the first half as profit was expected from tv sales etc in the second..yes could be egg on face but the market does not understand the business and how highly rated it is as part of loonlands business portfolio .. the big price fall was on the back of expected reduced sales (2004 Monster was a the largest hit ever for Metrodome) so 2005 looked limp by comparison and the loss..2nd half should be profitable and hopefully FY 2005 will be profitable and hopefully 2006 outlook will be rosier!! Tomorrow will tell i guess the argument is a small improvement ccould equal a big price increase.....as after the H1 results and for most of 2005 the price indicated we were dooomed .. and that couldn't be farther from the truth...
moreforus
27/4/2006
18:16
Morefocus,

How are you so convinced of this share. Unusually for me I bought these without doing serious amounts of research. H1 was poor as they indicated it would be, but where are real the indications as to H2? I can see your reasoning for believing it will be better (Q3 report), but it's speculative at best. I hope I am wrong!!

vida
27/4/2006
18:09
200k shares bought IF we get a good number tomorrow these will fly..watch out for TV sales and DVD sales (Assassanation of Richard Nixon and Mad Hot BAllroom hopefully did really well)....
moreforus
27/4/2006
16:42
I fancy the reason there was not more buying is because no one knew about the date.
vida
27/4/2006
16:21
Just bought in at .0422 couldnt buy more than 14000.
daz1966
27/4/2006
16:19
I thought there might have been more pre results activity!
piratepete612
27/4/2006
15:32
Yep vida,its this shortage of shares that makes MRM such a great performer at the least oportunity.Tomorrow should see a massive % rise.A few weeks ago MRM rose from 2.48p offer to 6.25p bid on expectations of results being released in March!Tomorrow we get them!
gb679
27/4/2006
15:08
Well I've bought a few. Not totally convinced about this but a decent opportunity on risk reward. Can confirm that there is no stock. Took a bit of getting.
vida
27/4/2006
15:03
another 50k bought...MMs have sold 250k over the last week .... must be short of stock now....nice to see rise in the bid and a nice tight attractive spread!!!
moreforus
27/4/2006
15:02
sheet ..another tick up....
moreforus
27/4/2006
15:00
This is the buying pre good results tomorrow.I expect we will see a massive % increase tomorrow when we go into profit again.
gb679
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