Mirada Share Discussion Threads

[stewy_18] 12/8/2014 08:54

Oops. Sorry for that. Final results out for anyone for who missed it.

Most important paragraph as mentioned by scotty :-

"We have now entered a new stage in which major players are showing
an increased interest in our capabilities. The Company is an advanced
negotiations with other potential customers, and we expect to announce new
deals after the summer break. References are key in this market and we are now
winning really important ones."

Roll on September :)

[battlebus2] 12/8/2014 08:15

Yep prospects for more larger type deals looks very good indeed.

[scotty1] 12/8/2014 08:14

Stewy I think you'll find it in todays rns

""We have now entered a new stage in which major players are showing
an increased interest in our capabilities. The Company is an advanced
negotiations with other potential customers, and we expect to announce new
deals after the summer break. References are key in this market and we are now
winning really important ones."

[stewy_18] 12/8/2014 08:10

paleje,

You had a call with the company?

Best

Stuart

[paleje] 12/8/2014 07:23

Reaffirmed this morning, in advanced stage negotiations and expect to announce more deals (plural) after the summer break, happy enough with that.

[battlebus2] 06/8/2014 17:08

Yep good to see Hargreave Hale adding. Looking forward to the results.

[paleje] 06/8/2014 16:02

I don't know the ins and outs of Infoglobal and others' reasons for exiting.......however, the fact that new holders in the placing agreed to additionally take out those looking to exit suggests their reasons must have been plausible.

They would definitely have asked the why question, would have had better access than we can hope to get and must have got a satisfactory answer. Hargreave Hale up to 18% now.

[stewy_18] 23/7/2014 15:24

I have emailed the company. In short I don't know. I'll let you know if I get a response.

Best

Stuart

[rivaldo] 23/7/2014 14:59

Who has bought will no doubt be revealed in time to some or the entire extent via RNS, so is less interesting to me. I'm more interested in why such large holders - who are conceivably more "informed" as say early/founder investors - aren't showing faith.

Profit-taking on shares bought originally at say 5p or whatever would be a simple explanation. More research necessary perhaps if no-one has more detail.

[davidlloyd] 23/7/2014 14:31

Rivaldo,

I think what is more telling is that the price has stayed up, not dropped with 10%changing hands. The question is, IMV, not 'why did they exit?' - but more 'who is buying what they sold?'

Time will tell.

On my watch list too - but also have dipped my foot in.....

DL

[rivaldo] 23/7/2014 14:18

Not a holder here, but on the watch list. Does anyone know why these large holders are so keen to exit?

Both Cartera and Infoglobal are now completely out. What's their background - they (simplistically!) sound like "local" holders, i.e South American or similar, so is this a loss of faith for some reason, or simply perhaps profit-taking from early/founder investors? Has anyone asked the CEO these questions?

Thanks in advance.

[davidlloyd] 23/7/2014 12:41

Interesting that nearly 10% of the company changed hands yesterday (reportedly - see RNSs) - we can see who has offloaded - but who has been happy to pick them up I wonder?

Not time to start the rumour machine is it?

:-)

DL

[paleje] 20/7/2014 09:56

I know that really, hpcg, just making light, I know we're too small for them, plenty of nervousness though.

[hpcg] 10/7/2014 23:47

paleje - that won't happen, no one can make money shorting an 11 million cap company. Multi-billion smoke and mirrors jobs with no cash coming in, or assets as booked, of which there have been numerous proven examples, then of course.

[paleje] 10/7/2014 00:20

I've only just seen the interview thanks Scotty, Vasquez vague as usual but he's always like that.

Atlantic I'm not at odds with what you're saying at all, in fact I've said the same in previous posts....masters of vagueness but that doesn't put me off at this stage. They seem to be delivering and by the time numbers are clear the share price probably won't be where it is now. (OT where would we be if we'd waited for every i and t to be dotted and crossed with MIN). So, on gut instinct and how things appear to be shaping so far, I'm in not with a staggering amount but enough to be keen to see it do well. For the record I'm underwater at the mo.

All we need now (NOT) is Gotham City to do a hit on us. Then KERPLUNK it's all over:)

[atlantic57] 09/7/2014 07:52

Hi Paleje
Good luck with this.
I have listened to the interview.
No real searching Questions asked and pretty vague answers.
Maybe a bargain but I have no idea of visualising in financial terms where we are.

[paleje] 08/7/2014 15:06

Not sure how much you'd rely on this bunch but they have views, critical of the placing but supportive of the overall story and rate it a buy:-

Mirada (MIRA) has announced 28 million new shares have been conditionally placed at 12.5p each to raise a gross £3.5 million (net £3.3 million). We are angry about certain matters but the shares are cheap.

The provider of products and services to deliver interactive TV, Video-on-Demand, digital marketing and payment services updated on its 'tier 1' contract that "the set top boxes required for the commercial deployment will only be available in Q4 2014. As a consequence of this delay and the need to continue investing the new opportunities identified by the board, the company forecasted potential working capital pressures".

It was also emphasised that the price of this resultant placing represents just a 2% discount to Friday's closing mid-market price. However, yet again in the days before a small cap placing, the share price has been noticeably hit – from more than 15p in mid June, the shares slipped back to a 14.75p close on 25thJune and from there fell every day to 12.75p on 3rd July.

Arden Partners, who conducted the placing, there are surely questions to answer here! Does Arden have an insider list? Has the FCA been contacted. I bet you not. This sort of thing really does put ordinary peasant investors off AIM.

Although we remain ahead on the 11.75p offer price at which the shares were tipped, a 30th July-scheduled General Meeting to approve the placing gives shareholders an opportunity to let their feelings known on it.

We also note that "certain shareholders holding in aggregate 11.4% of the existing ordinary shares have agreed, to sell their entire holdings of existing ordinary shares to some of the institutional and other investors who are participating in the placing, at the placing price". This should mean weaker holders have been replaced with somewhat stronger ones and with "the tier 1 contract providing a strong reference point for Mirada" and the company noting a"growing pipeline of opportunities" and "huge scope" to build on its recent contract momentum, we see good potential for positive near-term news flow to drive the shares higher once again. Specifically we look for another tier 1 contract win and with the shares now on a 2015 PE of well below 5, we maintain a positive stance on the shares, although the manner of this placing does very much grate. Buy.

[stewy_18] 08/7/2014 12:13

Great stuff.

[proactivest] 08/7/2014 10:52

Video Interview:

The chief executive of Mirada (LON:MIRA), Jose Luis Vazquez, says demand for its services from the 'over-the-top' (OTT) market has been greater than expected.

Vazquez talks about the reasons behind the placing to raise £3.5mln, as well as the impact the World Cup has had on the company, whose operating systems are used to power set-top boxes.

[stewy_18] 07/7/2014 15:35

That's the nub of it Django2012. The question is whether that statement was credible. We will wait and see.

Best

Stuart

[django 2012] 07/7/2014 15:22

if you look back in april*... the ceo said there would be no placing.... unless to fund more new contracts.

* viedo interview by shareprophet's tom w... see website.

[paleje] 07/7/2014 15:12

Not sure how much delayed revenue was really responsible rivaldo, I think in retrospect the board knew there would be a gap between contract award and revenue generation. They also knew there could be substantial serious inquiries generated off the back of the contract and I'm hoping that's what has happened although their communications are so careffully vague it's impossible to be certain.

Combining the raise with an orderly exit of a substantial core of holders seems sensible and the incoming investors must be comfortable with what they've heard to mop up the lot.

Their definition (vague) of a Tier 1 contract was interesting, I hadn't seen it before:-

"Tier 1 contracts would be expected to have in excess of 5 million set top boxes
("STB"). Typically, the aim would be for mirada's software to be deployed
alongside new platforms over a three-to-five year period with an average fee of
$3 to $5 per STB."

As regards the vagueness which shines through most of their announcements, I can say for what it's worth, having spent a few yrs in Spain, it's not unusual imo.

I'm with Stewy's thinking, possibly a bit more optimistic, news ahead.

[stewy_18] 07/7/2014 12:07

Yes rivaldo, could be that is a thinly veiled profit warning for this year. I wasn't really expecting anything from this years results. I think we will see most of the benefits next year.

You may well get a better price for MIRA. But if a contract win is announced in the mean time....

Uses for the money are as follows:-

* to reinforce the Company's working capital to ensure it is in an optimal
position to implement the recently awarded contracts;

* to invest in marketing to secure new OTT deals of high demand in Latin
America;

* to enable the Company to add advanced OTT functionalities to its lead
product iris; and

* to reduce the Group's debt and to strengthen the Group's balance sheet.

Like I said, I would be very disappointed if we don't see contract wins off the back of this placing. However, it maybe this delay in the contact seems to suggest that cash is a little tight.

I'm not selling here, but I'm not adding either. I will be interesting to see the news flow in the coming months.