Mirada Share Discussion Threads

[battlebus2] 11/3/2014 08:03

New highs, 15p to buy now.

[battlebus2] 10/3/2014 18:32

It's been a good day all round Cheshire Man :))

[cheshire man] 10/3/2014 16:09

Nice finish into the close :-)

[battlebus2] 10/3/2014 16:01

Having a strong day :))

[scotty1] 10/3/2014 15:18

Doh read post above David from today.May give you a clue re todays rise.

[davidlloyd] 10/3/2014 15:12

Wassup? (apart from the share price that is...)

DL

[scotty1] 10/3/2014 14:42

10/03/2014

We tipped this stock to our members a couple of weeks ago at an 11.75p offer a couple of weeks ago on HotStockRockets. It is now 12.5p-13p but there is a long way to go. It is still a buy.

The Opportunity: Mirada (MIRA), is a UK company operating mainly in South America. It has not met its forecasts historically and cash has been perennially tight. Perhaps you understand why this provider of audio-visual content has not exactly been a stock market darling. That leaves its shares at 12.75p capitalising the company at £10.9 million. But things are changing...

The company raised £2.1 million before Christmas and has seen all of its (expensive) convertible loan notes converted into shares. It now has debt of £2.5 million but it is profitable. It is generating cash and it seems to have landed a vast contract which on its own could transform its fortunes. More big wins may be to follow. There will be plenty of news on that front in the coming months and with one very smart investor having hovered up any loose stock in the market this shares should double by the mid-year.

Operations & Fundamentals: Results for the year to March 31st 2014 will be pretty similar to last time – when sales came in at £4.84 million, EBITDA £980,000 and PTP £240,000. The point to appreciate is that gross margins are 96% so operational gearing really does kick in if Mirada wins new business.

The company has announced that it has signed a major deal in South America. Right now Mirada is doing the internal testing on its kit. That should complete within eight weeks and given the well-established nature of the product we do not see it failing. The customer will then beta test and that process should be completed by June at which point the orders go in and the scale of this contract dwarfs anything Mirada has delivered before. Incidentally the customer is paying the entire costs of all trials.

We expect a series of announcements over the coming months leading to final sign off by midyear. This contract alone could well add £2.5 million to profits per annum for each of the next five years. And it is likely to be a catalyst for other deals.

As investors twig that this contract is a) in the bag and b) how it can transform Mirada's fortunes any scramble for stock could drive a material re-rating. That is because there is very little loose stock available. We are aware that Guy Feld at fund manager Hargreave Hale not only bought into the placing but has since been hovering up any loose stock going in the market. Feld is a tech geek and knows his stuff and his holding is – we believe – now heading towards 10%.

The short Term Newsflow: During the next four months we expect
1.A year end trading statement. The March 2014 numbers will not excite but what Mirada says about current trading will. We expect news of some smaller contract wins and confirmation that the upward trend in sales is accelerating.
2.News that Mirada has completed its own tests on the big contract ( 8 weeks)
3.News that the customer has completed its tests and placed the major contract ( end June)
4.Potentially news of another large contract of a similar nature.



There are risks: Technology can fail. South America is not Surrey although Mirada operates in stable (these things are all relative) territories in South America. But if it delivers on this big contract it could well be delivering PTP of £2.5 million from the year set to start in five weeks' time. Tax will not be an issue for many a year and so nearly all that profit will turn into cash.

This company could thus be debt free within 18 months. A growing business in this sector should be on ten times multiple or more. That implies almost 150% upside in the share price.

These are all telephone numbers now but...

The trade: There will be a cracking newsflow and there are now serious institutional buyers of stock. We allow a risk weighting for some glitch in this major contract but right now the share price does not reflect its potential at all. Buy at up to 13p with a 24p target price by early July
- See more at:

[battlebus2] 07/3/2014 07:06

mirada plc ("mirada" or "the Company")

(AIM: MIRA)

Appointment of Chief Financial Officer

mirada plc, the AIM-quoted audiovisual interaction specialist, is pleased to
announce that it has appointed Raúl Labrada Neira as Chief Financial Officer
(non-board) with immediate effect.

Mr Labrada Neira, aged 48, has extensive experience in the Spanish media
sector, with experience in listed companies like Gestevisión Telecinco
(Mediaset group), Multipark and Vértice 360.

José Luis Vazquez, Chief Executive Officer of mirada, commented:

"We are delighted that Raúl has joined with his relevant background on
different financial positions, and his significant experience in the Spanish
media market which I believe will be invaluable as we continue to increase our
presence in the Latin American market."

[battlebus2] 03/3/2014 09:46

Morning C.M.

[cheshire man] 03/3/2014 09:27

That dip did not last long I see :-) good frosty morning to you bb !

[battlebus2] 03/3/2014 09:15

Looks like these will turn positive soon :))

[battlebus2] 01/3/2014 09:57

Morning Cheshireman, thanks for your email.
Seems we have been boosted by a double whammy while I've been away. Great to see you declaring your interest here GHF and a great write up on Fool.
This one has a lot of legs imv.

[cheshire man] 01/3/2014 09:20

Welcome GHF, good to see you here, thanks for highlighting the post on TMF, very well written,

Solooiler I topped up on reading that write-up :-)

[solooiler] 28/2/2014 17:34

It is nice to see some bright sparks around here now :0). It is about time :0). I have been in last November and I am now in profit

Long may it continue :0)

[glasshalfull] 28/2/2014 16:42

Ok, time to declare my interest here.

V impressed with CEO who inherited the Yoomedia mess which has taken a considerable time to sort out & is documented in the excellent post by respected poster stevemp2000 over on Motley Fool earlier today.

@Glasshalfull1: MIRA (Mirada) - Digital TV software co with focus in L America. Excellent write-up here hxxp://t.co/fvPblmlPfw Big future ahead!!! #TMFPP

The fact that all loan note holders have chosen to convert at this juncture....and forego the 10% coupon speaks volumes IMHO.

Exciting times ahead :-)

Regards,
GHF

[investali] 28/2/2014 15:38

I don't mind tips when they produce a rise like this :>)

Ali.

[pj 1] 28/2/2014 13:55

apols Fred, posts crossed

[pj 1] 28/2/2014 13:54

Might not just be TW, informed post on TMF being circulated as well e.e. GHF........

Some friendly faces here... ;-)

[fredahad1] 28/2/2014 13:36

Informative write-up on the FOOL today, seems to have put MIRA on a lot more people's radar:

[ernestly] 28/2/2014 13:10

FLX was a good one if you got in on that when it was tipped originally. You pick which ones to follow.

This has a similar sort of thing to FLX in that there is the $1.4M trial which if successful will double lat-am recurring revs at about £3.2M p.a year end Mar 2013 expecting double digit growth. Olympics and World Cup are drivers here too.

[callumross] 28/2/2014 12:59

Watch his subscribers who got in between 11.5p and 12p selling out this afternoon and trousering their profits before going off to the pub for the evening!