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| Etf Name | Etf Symbol | Market | Stock Type |
|---|---|---|---|
| Ls -1x Mu | MUS | London | Exchange Traded Fund |
| Price Change | Price Change % | Etf Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 7.7025 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 7.7025 |
| Top Posts |
|---|
Posted at 20/9/2004 11:28 by zinco Lom,...errr 1.1% flying.....;-)))ps....you got bail then GG?....did you do any new sums for MUS while sat in HMS hilton?....lol...:-) |
Posted at 20/9/2004 11:13 by lom2 MUS IS FLYING!!!!So stop the pigeon stop the pigeon stop the pigeon stop the pigeon stop the pigeon stop the pigeon stop the pigeon Howww? nab him jab him tab him grag him stop that pigeon now! |
Posted at 19/9/2004 14:24 by kitkat that sounds interesting boony - any idea how long it takes to open a Comdirect account - might try to buy some mus thru them if possible |
Posted at 19/9/2004 13:35 by lom2 music choice flyingissss wonderful |
Posted at 17/9/2004 09:44 by lom2 music choice flying |
Posted at 08/7/2004 12:42 by napoleon 14th I dislike this murky/nebulous buy-back scheme intensely.45p? LOL!!! Others, like BVM, are equally, if not more, undervalued. They do things in a rational way by buying in the market. What MUS are doing is paying less than market price, a fact underlined by the rise in share price since, as if a conventional buyback had been done. Reality is, for example: 10000 bought for (in my case) £2100 cost. Redemption of 7300 @ 16.75p = £1222.75p cash. Balance : 2700 shares, cost £877.25 = 32.5p each = loss per share of 11.5p so far, = £310.50 B4 costs. ALTERNATIVE : SELL! 10000 @ 18.63p = £1863 : loss £237 B4 costs. Any reason for putting up with this? Prospects!!! Ah, well, seeing is believing, and the record says MUS has been a "road of borrocks" so far......floated at 164p, and so now they give you back 10% of that 'cos they have too much cash??? GERTCHA! I'M OUT OF THIS GAZUMPER............ |
Posted at 06/7/2004 22:31 by tightfist DevBod,Take a look at Patsystems for a (great!) example of how this can develop. On Oct 8th 2002 they announced a cashback which finalised at 70% of the previous night's close. On the 8th the price closed up 15.1% - take a look at what happened over the next 14 months, and maybe what remains in store. Today the corresponding figures for MUS are 73% and 14.9% - looks familiar! This seems to me to be a great vote of confidence to me - and the directors cannot squander the cash either. And yes, I was buying today. Cheers, tightfist |
Posted at 01/6/2004 07:38 by jonck RNS Number:2135ZMusic Choice Europe PLC 01 June 2004 Music Choice Europe plc ("Music Choice" or "the Company") Board Change 1 June 2004 Music Choice Europe plc, Europe's leading digital audio broadcaster, is pleased to announce the appointment of Ronald E Grant to the Board as Non-Executive Director, with immediate effect. Ron will replace Paul Vidich as the representative of Time Warner Inc. ("Time Warner"), one of Music Choice's founding shareholders. Ron, Senior Vice President of Entertainment and Networks Group for Time Warner, joined America Online ("AOL") in 1997 as a Vice President, before progressing to Senior Vice President of Business Affairs and Development. In his current role Ron assists the Chairman in overseeing HBO, Turner Networks, The WB, Warner Bros. Entertainment and New Line Cinema and The Warner Music Group. He also led the cross-divisional partnerships with Microsoft, MusicNet and Viva Media. Prior to joining AOL, Ron was a Partner in the Communications and Entertainment Practice of Mercer Management Consulting, where he specialised in creating and managing strategies for clients in the Internet, telecommunications and media industries. Previously, Ron spent three years at NYNEX where he was Director of International Business Development. He holds a B.A. in Economics from Dartmouth College and an MBA in Finance and International Business from Columbia Business School. The Board can confirm that there is no relevant information to disclose under paragraphs 6.F.2 (b) to (g) of the Listing Rules in relation to Ron Grant's appointment. Consequently, Paul Vidich has resigned from the Board with immediate effect. Mike Thomas, Chairman of Music Choice, commented: "We are delighted to welcome Ron Grant to the Board and look forward to drawing on his extensive experience in the media industry. Since the foundation of Music Choice,Time Warner has been a constant supporter of the Company and we value the input gained from having one of their executives on board. We would also like to take this opportunity to thank Paul Vidich for his invaluable contribution over the years." - Ends - For further information, please contact: Music Choice Europe plc 020 7014 8700 Margot Daly, Chief Executive Dylan Jones Weber Shandwick Square Mile 020 7067 0700 Louise Robson or Helen Thomas About Music Choice Europe Music Choice is Europe's leading digital audio music broadcaster, available in more than 13 million homes in 18 countries across Europe and the Middle East. Music Choice provides consumers with non-stop digital-quality music channels, completely uninterrupted by DJ chat, adverts, VJs or presenters, 24 hours a day, seven days a week. With no interruptions for advertising, Music Choice's channels play about 25% more music than the average commercial radio station or music television channel. Founded in 1993, Music Choice is a public company listed on the London Stock Exchange (LSE: MUS), with key shareholders including BSkyB, Warner Music and Sony Corporation. To find out more about Music Choice visit: This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 14/5/2004 11:16 by moneypm Cash really is king at Music Choice by Les Copeland Editor of Growth Company Investor First appearances can be deceptive. After all, on the face of it, digital music broadcaster Music Choice Europe seems a far-from-compelling investment proposition. The 2003 results showed sales slipping from 9.8 million pounds to 9.6 million pounds and losses - although significantly reduced - still topping 3.5 million pounds. Look more closely, however, and Music Choice starts to become an intriguing proposition. For here is a company with 19.8 million pounds cash but which is currently valued at just 24 million pounds. Put another way, the business generates annual sales in the region of 10 million pounds and estimated operating profits during in the three months to March are at 4.2 million pounds. The Payout Unsurprisingly, chief executive Margot Daly is in positive mood. And, while she is unable to confirm whether or not the company did achieve breakeven in the first quarter, she does say that 'in March last year we said that we hoped we were 12 months from profitability and everyone is very happy at the moment.' One thing is certain: the business is no longer burning cash. And that means a special payout to shareholders - including the likes of BSkyB, Time Warner and Sony Digital. 'We're on course for profits and now have to think about how much cash we actually need,' says Daly. Music Choice makes its money by producing music channels for the European and Middle Eastern markets. It currently operates roughly 70 channels, broadcasting to more than 14 million homes in 18 countries and continues to see subscriber numbers rise steadily. The Business Model The plan is simple. Content is produced to please all groups of listeners (whether they are in the mood for a blast of rock or the ideal accompaniment for a dinner party) and the tracks are played without interruption, so no adverts or over- zealous disc jockeys. Subscribers can listen in two ways - via digital TV (relationships with BskyB and Sky Italia are firmly established) or through a broadband internet connection. To date, the former delivery method has been by far the more popular. However, Daly expects more and more listeners to tune in via broadband connections as the under-pinning technology continues to evolve. 'I think our market has at last truly arrived,' she enthuses. The evidence to support such assertions is compelling. The full-year results, reported in March, brought news of agreements with NTL in the UK and T-Online in France. 'We're already one of the most popular broadcasters on NTL ahead of the BBC and MTV,' says Daly. Demand for the company's Digital TV-based content also continues to rise and it is significant that Music Choice was able to renegotiate its deal with BSkyB during the year. Under the terms of the new three-year agreement the group will receive a lower percentage of revenues from standard services (hence the 200,000 pound fall in revenues last year). Yet the deal also dramatically reduces broadcasting costs and improves Music Choice's share of premium content revenues. The Future As Daly concludes: 'To those who know us I would say that although the technology has taken a while to catch up with us we have made it now. And with everything now in place, the world should increasingly become our oyster.' Recently appointed house broker Teather & Greenwood has yet to publish a forecast for the company, but it would be surprising if it failed to turn in a worthwhile profit for 2004. In the meantime, all eyes will remain on that cash pile - and the appropriate valuation for the company once some or all of it has been handed back to shareholders. That has to be more than the current price of 19.25p. Buy. Key Data EPIC: MUS NMS: 3,000 Market: Fully Listed Spread: 18.75 - 19.5p Market Cap: 23.62 million pounds |
Posted at 01/4/2004 19:49 by ammoruso Anyone looking for a solid cash-backed value stock with loads of potential upside could do no worse than have a look at Music Choice Europe (MUS). Screaming with value IMO.123m shares at 18.5p gives a market cap of £23m Net tangible assets of £16.2m with a PTBV of only 1.42 Net cash of £19.8m at 31/12/03 giving EV value of £3.2m! Note: Couldn't resist using the exclamation mark to highlight that particular bit. Turnover £9m The company have said that they will be trading at cash breakeven first quarter of 2004. Also, check out the positive tone from the recent reults: Heavyweight (and very powerful) shareholders include the following: Sky Ventures 35.9% Time Warner Entertainment 16.2% Mozatian Company 13.1% Sony Digital Radio Europe 8.11% Herald Inv Trust 4.89% Marlborough Fd Mngs Ltd 4.07% (and topping up) I believe that this has the potential to explode in price due to the solid balance sheet (with minimal downside) and speculative upside. What will happen to all the cash? Will they give some back to shareholders or will they go on an acquisition spree? Alternatively, some other outfit could be eyeing up MUS! When comparing MUS with say NPG, or even YOO, then this has a long way to run yet if other investors catch on. I have bought during the lull in small caps with the end of FY approaching. Also, worth watching for the AGM statement at end April when we will get an update on trading.DYOR Best regards |
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