Mirada Share Discussion Threads

[scotty1] 27/12/2013 08:07

IPTV subs to hit 102m in 2018

Global IPTV subscriptions are expected to reach 102 million in 2018, with the fastest growth coming from Latin America and Africa and the Middle East, according to the a report by Pyramid Research.

"Latin America and Africa and the Middle East are the smallest IPTV markets globally, with a combined estimate of 2.3 per cent of global IPTV subscriptions at year-end 2013, or 901,000 and 1,432,000 subscriptions respectively," says Leslie Arathoon, Research Director at Pyramid Research.

These regions will also be the fastest growing with IPTV revenue in Latin America growing at a CAGR of 56.1 per cent, far ahead of the growth rates of other regions. This is due to a projected rapid uptake of broadband services, including IPTV, in a region that previously had a low penetration rate. Africa and Middle East IPTV revenue will grow at the second fastest CAGR behind Latin America, at 22.1 per cent between 2013-2018, she notes.

[scotty1] 23/12/2013 13:10

Gets a mention in Webb Capital December fact sheet.


Mirada, the mobile application developer for set top box TV, completed a series of fund raising initiatives to raise circa. £2m. The share price fell 11% but is unlikely to stay low should the contracts associated with the need for capital come to fruition

[davidlloyd] 19/12/2013 12:36

Suprised that hasn't triggered a bit more interest. Clearly shows where the bondholders see the share price going......and a strong vote of confidence in the company.
Happy Holding here.

DL

[callumross] 19/12/2013 09:01

Nice to see confidence of bondholders that they are happy to swap the security of a bond paying a coupon of 10% for ordinary shares at 10p instead.

[scotty1] 17/12/2013 20:27

Yep bounced off that bottom line AGAIN ;)

[yorgi] 17/12/2013 14:15

Edging back up nicely today :-)

[scotty1] 10/12/2013 20:36

Good find noli :)

[noli] 10/12/2013 19:06

Interview with Jose today.

[noli] 10/12/2013 14:51

This is a great piece of info, note the chart at the bottom and the expected rollout areas. Honduras, Guatemala, El Salvador and Costa Rica,



Edit, then add in GVT in Brazil.

[scotty1] 10/12/2013 14:49

Looby nice find,obviously mostly a repeat of the rns,but this added bit from
Sophie Blandford, an analyst at broker Daniel Stewart says it all really.MIRA is in the right place at the right time to grow hugely,personally not concerned at all with the bit of profit taking today (obviously would have preferred a rise,but with AIM you'll always get the sell on news brigade no matter how good the news is)But with a good 80% of the company shares not in public hands and now tightly held it'll not take much buying to move sharply up and as soon as this news sinks in it'll happen ;))

---------------------------------------------------------------------

Sophie Blandford, an analyst at broker Daniel Stewart, said: "Digital TV activities account for over 85% of total revenues and are the key drivers for the future growth of the business."

She noted that GVT, the Brazilian telecommunications operator owned by the Vivendi group, launched a new satellite television service using Mirada's technology in August of this year.

"This service is experiencing considerable growth," she observed.

Shares in Mirada have been on a good run of late and saw a spot of profit taking on the results, dipping 0.52p to 9.60p.

[looby loo] 10/12/2013 12:14

www.proactiveinvestors.co.uk/companies/news/64040/mirada-lands-latin-american-decoder-box-contract-64040.html

[el1te] 10/12/2013 12:13

A few private investors selling out so far today, although not at all concerned.

I fully expect Mirada to swing straight back to an H2 profit with the GVT fees coming through, and a portion of the trial revenues.

El1te

[noli] 10/12/2013 08:35

That Millicom deal could turn out to be massive if its rolled out across the group, up to now its only four areas. Millicom have one hell of a customer base.



Edit: or Tigo do.

[scotty1] 10/12/2013 08:17

El1te

"Can't see this red lasting either. That was a solid report. Unfortunately some people don't read past the headline figures."

-------------------------------------------------------------------
Very true,MIRA is proving itself with each rns now and there is huge potential ahead and a chance to get in at more or less the bottom.

[el1te] 10/12/2013 08:11

What scotty? It clearly says now, now :)

Can't see this red lasting either. That was a solid report. Unfortunately some people don't read past the headline figures.

[scotty1] 10/12/2013 08:06

Well I cannot honestly see this finishing in the red today,not after that report.Buyers waiting in the background waiting for the sell on news brigade to finish selling?

[scotty1] 10/12/2013 07:57

"It's highly encouraging that they not reckon"

El1te lol I assume and hope you mean "now reckon" and not "not reckon" ;))

[el1te] 10/12/2013 07:54

It's highly encouraging that they now reckon they will win the large contract. Makes me think the trial period is exactly that, and is to work out any faults/complete customisations before signing on the dotted line.

Excellent

[scotty1] 10/12/2013 07:44

Well I would say a good overall half yearly report,and as El1te says the outlook is upbeat,subscriber revenue building nicely,new contract announced to boot ;)looks like MIRA have really got their act together and with statements like this in the report ("This has positioned us to win substantial new deals with Tier 1 operators, which should significantly increase both turnover and margins in the coming years.")it really gives confidence for the future.

[noli] 10/12/2013 07:31

Interesting half year results and show a solid performance.

This is a key statement: This has positioned us to win substantial new
deals with Tier 1 operators, which should significantly increase both turnover
and margins in the coming years.

[ryan83] 10/12/2013 07:23

Yep, it reads better than I thought it would!

[el1te] 10/12/2013 07:21

Good Results.
- Subscriber revenue up by around 20-25%
- Operating Profit of £61k
- New contract win for Costa Rica, Honduras
- Mirada now 'expects' to win the large contract that will produce the revenue step-change
- Upbeat outlook

The 3rd and 4th points are key. Very happy with those in light of knowing about the revenue decrease.

El1te

[garykc] 10/12/2013 07:12

Half year results out.

[rambutan2] 10/12/2013 01:19

For the record, Webb sold the 2m at 9p and HH bought them at 9.018p, on 25 Nov.

[rambutan2] 10/12/2013 00:42

Yes, MIRA bears all the setting up costs of a contract, even in the partnership with Ericsson. These up front costs will be the reason for the recent placing.