Mirada Share Discussion Threads

[pj 1] 27/6/2014 11:54

Currently below the preceding day close to the Contract win announcement.

So it was either priced in, or not worth anything

Confused to say the least......

[paleje] 25/6/2014 21:12

I didn't know TW had tipped, Atlantic thanks, that wouldn't worry me on its own even though I've seen some real howlers of his...I watched the CEO On video ages ago before the deal was announced and liked the story, then researched, then waited.

I think it was Investors Champion I first heard about them, they often find interesting situations and dont ramp or de ramp as far as I can see.

[atlantic57] 25/6/2014 12:33

Paleje Tw tipped mirada and i think that Evil has bought on the back of this.

Evil is no fool with a record second to none but he is not always right.

[paleje] 23/6/2014 17:08

I don't know the reason for the share price sticking but I do feel that, even if there's a placing, which shouldn't be a giveaway under the circumstances, the price will be a lot higher when precise details of the deal become clear. There's some debate on LSE and a link to a magazine which EK writes for, he says he recently bought 200,000 at 16.5p and whatever we might think of EK, I don't think he could be regarded as a fool.

Put Mirada into the search box to find the article.

[atlantic57] 17/6/2014 15:11

The story here 'may' be stunning.

However i have had my nuts crushed on so many aim stocks where jam has promised tomorrow or the day after tomorrow in the mining sector vgm and mml come to my mind.

i am happy to pay more when hard information is out there.

The fact that a director has sold 400 000 shares when there is so m uch good news round the corner is surprising.The obvious thought is why sell now when in a short time the share price will be much higher.

[stewy_18] 17/6/2014 14:53

Graham1TY,

I normally find "far exceed" to mean exceed but not by much. If it was multiples, they would use "multiples". I would expect the contract to be worth around £6 million.

Split that over 3 years and you could be looking at £2 million this year? Almost all of that will drop to the bottom line however.

I will be looking at the final results in September with interest. Until then all we can do is speculate.

[graham1ty] 17/6/2014 13:39

There are some numbers: "The Company expects the customer to start the commercial roll out before the
end of 2014. The contract is expected to generate significant revenues,
starting in the second half of the financial year, which the Directors believe
should far exceed mirada's yearly turnover over the next three to five years."

Revenue has been £4-5m over the last few years. If this will "far exceed" Mirada's yearly turnover, we must be talking £6-8m++. Less than that does not "far exceed". You might read "far exceed" to be multiples of the current turnover, so far more than my guess

[synth657] 17/6/2014 12:09

Although they announced the contract win, no numbers were mentioned. Until some numbers are released, either in the form of a trading update or half yearly results then I think this will just chug along where it is. Although some numbers have been bandied about they are all just guesses. It's hard to put a mkt cap to a company when you have no figures to work with.

There's always the chance they become a takeover target as well, which Jose Luis Vazquez himself mentioned as a possible outcome as they become a bigger player in Latin America.

[paleje] 17/6/2014 11:52

So unless anything's changed since the RNS we should be seeing the start of the new contract revenues within a few months, plus prospect of additional enquiries off the back of the deal. So why is the share price sticking.

[atlantic57] 17/6/2014 11:43

Scotty thanks

[atlantic57] 16/6/2014 12:25

Stuart thanks for taking the time to write.



The Company year end appears to be 31 march per this link.

[stewy_18] 16/6/2014 12:16

atlantic57,

Part will fall in this years results ending September 2014. From the contract win RNS:-

The contract is expected to generate significant revenues,
starting in the second half of the financial year, which the Directors believe
should far exceed mirada's yearly turnover over the next three to five years

I would expect the main benefit to come in 2015, but they say it will be apparent in this years results also. Not sure where you got that year end from.

Best

Stuart

[atlantic57] 16/6/2014 10:31

Apologies for being Dim but i can't follow the share prophet tips.

The year end appears to be 31 March .

I am unclear on which accounting period will benefit from the contract win.

is it the year ending 31 march 2015 or 31 march 2016.

Many thanks

[looby loo] 15/6/2014 21:44

15 June 2014

[stegrego] 01/6/2014 16:13

A director tipping out 400,000 shares rarely does anything good for the share price. The chap may not be central to the operation, he may retain the vast majority of his holding but investors rarely read it well. That happened last week at Mirada (MIRA), the shares have slipped back to 15.25p and it is a chance for you to buy.

The provider of products and services to deliver interactive TV, Video-on-Demand, digital marketing and payment services served up cracking news on 19 May. It stated that following a successful trial, "it has secured a major contract for its multiscreen product, iris, with a large established Latin American digital TV operator". There was also news in a separate update that for the year ended 31st March 2014 the company "expects to improve the EBITDA and net results" but it is the potential of the contract which you need to focus on.

The contract could on its own drive Mirada to making a potential £2.5 million+ annual profit given the vast operational gearing of the license fee model which Mirada operates with. The announcement itself notes that "the contract is expected to generate significant revenues, starting in the second half of the financial year, which the directors believe should far exceed Mirada's yearly turnover over the next three to five years" (for the six months to 30th September 2013 revenue was £2.30 million, with the company on May 19th noting that "revenues for the second half were in line with those for the first half").

It was added that "the directors believe that winning this multi-million dollar contract will further strengthen Mirada's reputation in the industry, particularly in South America, and serve a as reference point for discussions with other broadcasters and operators" and that "the company continues to explore a number of exciting opportunities with a view to building on today's success".

With also news that "rates of new subscribers gained are growing and we have seen a good momentum related to the upcoming World Cup in Brazil", there looks good potential for further positive newsflow in the near-term.

At 15.25p the market cap is just over £13 million. Within eighteen months this company will be debt free. The only question for now is how many other large contracts are out there. We are of the view that we will see news (good news) on this front pretty soon. Even without that a multiple of just over ten times pre (and post) tax profits would imply a doubling of the share price. Buy.

[stewy_18] 28/5/2014 07:18

Synth657,

The only thing I can see is that if this role out is successful, they expect other contract wins on the back of this. Vasquez said in the Proactive Investor interview that other companies were waiting to see how this roll-out went before coming on board. Whether that is true and when the roll-out is deemed successful, I don't know. I bought my second tranche of MIRA much higher than the current price (about 18.5 pence) and I am also surprised at the softening of the price after the contract news.

But over the next 3 years, I think this should do very well. As you say, the bigger part of the income will come in 2015, so the only driver of the shareprice will be new contract wins. Hard to say if they will come in this year, but I'm not taking any chances.

Sit and wait. I will be topping up if any funds become available.

Best

Stuart

[synth657] 27/5/2014 20:33

So following the muted response to the contract win, what do we think is going to get the share price moving up again? As far as I can see it's unlikely any figures will be coming out until the roll out starts late in 2014. Anything else we can expect before then?

[pj 1] 21/5/2014 14:02

Yes Stewy 15% would not have been a good risk/ reward.

But anyway, here we are lol

[stewy_18] 21/5/2014 13:23

Indeed PJ1. Not too worried as long term it won't matter so much, but if I had known, I would have waited until after the announcement was made. General malise with small caps at the moment. I will try and top up if I can.

[hpcg] 21/5/2014 13:16

Since every man and his dog is expecting a correction, and a large number of small and mid caps on both sides of the Atlantic have done so it is hardly surprising.

[pj 1] 21/5/2014 12:36

Must admit I'm somewhat mystified by the lack of reaction to the Contract win. Hard to say it was already priced in.

Maybe, as someone said, it need the Co to put some bottom line numbers on it :-//

[rambutan2] 21/5/2014 12:24

So Naropa is the seller, which part of the original Spanish concert party, all in all prob a good thing, assuming they continue to be sensible in selling down, if that is their intention.

[michaelsadvfn] 20/5/2014 07:56

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