Mirada Share Discussion Threads

[swimhat] 18/4/2013 11:55

Mirada's Spring Newsletter

[gallops] 17/4/2013 13:07

Just bought in. A growing market and Mirada in good position to grow.

[swimhat] 16/4/2013 17:55

Great start for Mirada's license fees from Axtel ............. Over 16k customers since Feb

"With more than 16,000 customers signed up since service was launched in February, IPTV is already proving to be a winning strategy for AXTEL in the residential and small and medium business market segments"

[swimhat] 16/4/2013 08:58

The growth is huge ........... and Mirada have licence fee revenue based on this growth from two providers in Mexico alone

"With a growth of 12.8% compared with last year, the pay-TV in Mexico already reaches 45% penetration, with 44.9 million people accessing your service.

As is the case in the rest of the region, pay-TV is starring in an impressive growth in Mexico, he said this Monday Lamac (Latin American Multichannel Advertising Council).

Is that according to the latest study by the consultant, the pay-TV today reaches 45% of the population at the national level in Mexico, which in absolute numbers represents a population of 44.9 million people with pay TV. In just a year, the pay-TV in Mexico grew by 12.8%, which is equivalent to approximately 5.2 million additional people with this service.

Federico Baumgartner, country manager of Lamac in Mexico, says in this regard: "we are seeing the trend we have seen for a couple of years continues. The Mexican consumer, as well as the Latin American, continues to demand more and better entertainment on TV; This also we are becoming an industry that is a factor of economic growth for the country

According to estimates of Lamac, there are some cities where growth is higher than that reported at the national level. For example, in the metropolitan area of Mexico City (AMCM) it is estimated that the increase was higher than 15%.

On the other hand, it is important to emphasize that there are cities where the percentage of people with TV pay exceeds the average of the country, which is 45%, as it is the case of Monterrey, where the number of TV households pay is close to 50%.

"The economic strength of the country also is reflected in the acquisition of services by Mexican consumers and in this case the growth of TV pay", said Baumgartner. Today Mexicans who have access to TV pay actually watch TV spend three hours and 29 minutes on average per day watching TV channels programming offer pay."

[swimhat] 14/4/2013 14:59

Mirada's partner acquires Microsoft's Mediaroom ............ tweet from Mirada, so presumably they see it as a positive!

mirada ‏@miradatv 12m
Ericsson to buy Mediaroom | @scoopit

Ericsson has confirmed it is to acquire Microsoft's TV solution Mediaroom middleware business.

"Ericsson said the deal will make it the leading provider of IPTV and multi-screen solutions with a market share of over 25%. It sees the Swedish company gain more than 40 customers worldwide, mostly Tier 1 telcos such as AT&T, Deutsche Telekom, Telefonica and Swisscom, serving over 11 million subscriber households. Mediaroom-powered TV services are further offered on more than 22 million set top boxes deployed throughout the Americas, EMEA and Asia Pacific."

"The global IPTV market is estimated to reach 76 million subscribers in 2013 with revenues of $32 billion, growing to 105 million subscribers and $45 billion in 2015, which Ericsson will now look to tap into to greater effect, pointing to a complementary portfolio of TV and networking services that it will hope to grow Mediaroom."

[swimhat] 14/4/2013 14:57

Info from the AXTEL website on the expansion

"San Luis Potosí, S.L.P.; March 7, 2013 - AXTEL S.A.B. de C.V. (BMV: AXTELCPO;) OTC: AXTLY), Mexican telecommunications company, today announced the launch of its services of broadband "AXTEL X-tremo", internet and pay-TV, "AXTEL TV", in the city of San Luis Potosi."

"Querétaro, Qro.; March 14, 2013 - AXTEL S.A.B. de C.V. (BMV: AXTELCPO;) OTC: AXTLY), Mexican telecommunications company, announced today the introduction of its services of broadband "AXTEL X-tremo", internet and pay-TV, "AXTEL TV", to the city of Queretaro."

[swimhat] 14/4/2013 14:55

I bought in here a few weeks back, the product and fees model based on the growth of the customer is a game changer, it's just a matter of time before this starts to get noticed .......... Apologies for the following as I know most of it has been posted, but as a recap.

They have 3 contracts signed and in operation now (Axtel, GVT and Cablecom) with another two signed and coming on line this year ............. Hopefully more to come

Axtel have already started to expand their operation in another two cities/regions that were announced in March .......... More to follow

It also means that Axtel and Cablecom are going head to head for customers in Mexico, which is only good for Mirada ........... win, win

GVT in Brazil are adding subscribers at about 30k per month (although their year to Dec 20120 had it higher at 33,830 average per month) ............ Football World Cup and the Olympics still to come to add to the interest in the product

[rambutan2] 12/4/2013 02:45

Big news, but not sure to what degree it could impact on the partnership with Ericsson. Hmmm...

[rambutan2] 12/4/2013 02:40

Sum up of where things stand at present...

[brando69] 18/3/2013 12:37

"as Buffet said IF you buy a share for ten minutes be prepared to hold for 10 YEARS."

i think that just about sums up MIRADA yes

[davidlloyd] 18/3/2013 12:34

Here you go if you want a read......



DL

[rhiannon] 16/3/2013 21:29

Pump and Dump OR MIRACLE OR as Buffet said IF you buy a share for ten minutes be prepared to hold for 10 YEARS.wdik

[callumross] 16/3/2013 13:06

Could see quite a bit of interest on this one on Monday morning, Rambutan as I have just picked up my Daily Mail and their financial journalist Ian Lyall has done a half page spread tipping Mirada. Similar to the proactive investors tip from earlier in the week but much more coverage, I guess, being in a national newspaper.

[rambutan2] 13/3/2013 10:51

Good customer base to work off...

Cablecom currently serves over a million customers, offering triple-play services in the residential and business segments of 16 Mexican states.

[callumross] 11/3/2013 16:44

Financial journalist's comment from 8th March on the company, including the first broker's forecasts which I have seen. This was written before today's announcement. Suggests that this company could be massive in a couple of years with their technology in over 50% of PVR's!

"The interactive digital box has become as much a feature of the living room as the VHS video recorder in the 1980s.

So much so that the missed click of remote control can cause family arguments and week-long sulks if the latest reality TV programme fails to record.

Making sure that domestic harmony reigns is the job of companies such as AIM-listed Mirada (LON:MIRA).

It develops the operating system and menus used to control these interactive miracles of technology. ITV and Channel 4 both use its synchronization tool, xplayer.

But the major customer base for products such as navi and iris is Latin America. It has tie-ups with companies such as GVT, Ericsson and Telefonica-owned Movistar, operating in markets such as Mexico and Brazil.

A significant investment in the way the group does its business looks set to deliver a major uplift in earnings, which would make a mockery of its current market capitalization of £4mln.

In the past the bulk of the business has been garnered from professional services.

In layman's terms, this would mean creating a bespoke product for the digital TV operator and charging a development fee for it and annual support and maintenance fees.

According to chief executive José Luis Vázquez, Mirada's technical experts became very good at guessing just what prospective clients might specify when creating a new digital TV platform, and this gave the management the germ of an idea, prompting the investment in a number of off-the-shelf products.

In doing this Mirada was able to cut in half the average length it took to implement new software to around six months; shorter in some cases. This is huge for a customer looking to rush out a new generation set-top-box.

"We were trying to cover the most important thing for them, which was time to market," said Vázquez.

The revenue model changed too. While it still charges a fee for the finished product – be it navi, iris or xplayer – it also gets paid based on the success of the service being rolled out using the Mirada software.

So, in the case of the deal signed with Brazilian broadcaster GVT, via its relationship with Ericsson, the group stands to earn a licence fee per new subscriber to GVT's pay-TV service.

New to the market, it already has in excess of 450,000 subscribers and is adding them at a rate of 30,000 per month. The licence revenues were worth in excess of £1mln to Mirada in the first year.

This one deal in isolation underlines the huge potential of a revenue model and subtle variations thereof.

Its global partnership with Ericsson reveals Mirada is being taken seriously by the big boys.

The Swedish telecoms giant is one of the largest providers of the backbone needed for internet protocol television, or IPTV.

There are currently 70mln IPTV subscribers worldwide a figure set to grow to around 110mln by the end of 2015.

Mirada's technology is expected to be deployed in over 50% of Ericsson IPTV deals – making the partnership a very big and potentially lucrative one for the AIM-listed tech firm.

Its focus on the emerging economic powerhouse that is Brazil, as well as neighbouring territories, looks savvy.

A recent report suggests that almost half of all homes in Latin America – so around 80 million households – will have some form of pay-TV by 2015.

And it is a market that is slated to grow by 20-30% annually in that time.

"With this sort of market we would expect to enjoy good double digit growth ourselves," said Vázquez.

A placing and open offer at 10 pence a share has brought in just over £1mln, which will be invested in product development as well as funding an office in Mexico – a new hub for its services.

At the same time the group also capitalized some of its liabilities, while certain loan note holders have converted the debt into equity.

It leaves the group with debts of around £3.6mln. Around £1mln of that is owed to the Spanish government – money that was given in long term development loans and which carries a nominal coupon.

A further £1.5mln is bank debt, and there is £1.15mln of convertibles.

The company's joint broker, Peterhouse Corporate Finance, is predicting Mirada will make operating profits of £1.41m the year ending March 31, rising to £1.79m in 2103/14. This compares with a £372,000 loss last financial year.

However, the figures could prove conservative as the impact of the new revenue model is felt on the profit and loss account. The prelims are expected in early summer.

In the meantime, progress will be gauged with reference to the new contract wins being announced with increasing regularity.

"Brazil and Mexico will continue growing a lot and we have very good ideas to grow in these countries," said Vázquez.

"We expect to have good announcements elsewhere in countries such as Colombia – third largest country in Latin America. We expect to say more about other areas of Latin America.

"More and more tier one customers are choosing us. We are very busy at the moment and we expect to have more announcements."

[davidlloyd] 11/3/2013 10:32

This is going to start poking its face above the parapets shortly if we carry on like this - and get on the radar - currently still overlooked. IMV there is only limited opportunity to get in before the potential is recognised here and we start to see some serious share price movment. WDIK though.DYOR etc.

DL

[rambutan2] 28/2/2013 16:24

Could certainly do with a bit of publicity as has a good story to tell and also appear to be some loose shares around...

[rambutan2] 27/2/2013 01:47

Hopefully that's the last of the equity issues - but i wouldn't bet the house on it. Also, note that if all cnvs converted that would be up to another 10m shares t/c. Happy days!

[callumross] 18/2/2013 12:51

Well, bought an initial 15k at 11p on a fill or kill and although offer price is 13p, surprisingly it was filled. Probably that seller of 40k at 10p earlier that allowed this. Just shows that you should never just accept the online price.

[rambutan2] 04/2/2013 10:07

Couple of news links...





and the Ericsson statement...

[rambutan2] 04/2/2013 09:56

Here we go, this is the second Navi/Ericsson win and cements the partnership...

mirada plc, the AIM-quoted audiovisual interaction specialist, is delighted to
announce another successful deployment of its Navi product.

AXTEL, one of Mexico's largest telecommunications providers has launched its
pay TV service, AXTEL TV. AXTEL is offering a state of the art hybrid solution
which combines IPTV broadcast channels, on-demand (VoD, time-shift and network
personal video recorder) and interactive content via IP, along with access to
free-to-air DTT broadcasts channels.

AXTEL TV uses Navi, mirada's content navigation tool, which is deployed via
mirada's global partnership agreement with Ericsson. Navi is a complete set of
interactive navigational services providing AXTEL TV subscribers with a new
enjoyable TV experience, "TV sin Horarios", including time-shift features such
as restart, pause, or record the programs desired.

Under mirada's agreement with Ericsson, in addition to the set-up fees already
received, mirada will earn licence fees dependent on the number of subscribers
signing up to the service plus annual support and maintenance fees from the
date of launch of the service.

Jenaro Martínez, AXTEL TV Director, commented:

"The launch of AXTEL TV marks AXTEL´s first steps in the Pay TV market, and we
are confident that with our investment in mirada´s novel hybrid services, AXTEL
will quickly become one of the leaders of the Mexican digital television
market. Our customers can now access their favourite programs with an
easy-to-use and intuitive user interface."

José Luis Vázquez, Chief Executive Officer, mirada plc, commented:

"We are very proud to have participated in this project, which demonstrates,
once again, our capability to introduce innovative products helping users to
interact with their digital TV offering. This is our second live service under
partnership with Ericsson, the first was GVT (Brazil), and the new subscribers
will add to the monthly licence fees we are already earning from our existing
Navi and Iris deployments.

"As previously stated, we wish to continue expanding our activities throughout
Latin America, a key growth market for mirada. To date, our work here has been
extremely successful in cementing our product offering and we are confident
that the region will play a key role in mirada's future success."

[callumross] 29/1/2013 13:24

Our view: This latest contract win enables Mirada to earn revenues of more than US$2m over the next two years. The license fee along with support and maintenance fees (which will be realised once the project is operational) would significantly contribute to future earnings long after the project has been completed. Last month, the company announced impressive half yearly results with Digital TV revenues growing 32% to £2.1m. The company is reaping the benefits of its new product-based business model that comprises set-up fees, plus licence fees based on the number of subscribers signing up to its customers' digital services. The recurrent revenues generated from this model have helped the company transition to profitability for the first time. Mirada's partnership with Ericsson, the world's leading IPTV infrastructure supplier, is expected to yield significant new contract wins in the current fiscal year. Also, its investment in 'iris' a 'TV everywhere' multi-screen product addressing the cable television market, and 'navi', a content navigation tool for the IPTV market has been well received so far and Mirada is in negotiations to sell the technology to large customers in the Latin American market. Considering the vast experience in the audio-visual interaction business, the growing success of its product-based strategy, and its strengthening presence in the lucrative and rapidly growing Latin American digital television market, we are optimistic the company will witness solid growth. We assign a Speculative Buy rating on the stock.

[ntv] 11/1/2013 19:54

interesting company