Share Name Share Symbol Market Type Share ISIN Share Description
One Media Ip Group Plc LSE:OMIP London Ordinary Share GB00B1DRDZ07 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 6.00p 5.50p 6.50p 6.00p 6.00p 6.00p 0 08:00:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 2.7 0.5 0.4 13.6 8.00

One Media Ip Share Discussion Threads

Showing 851 to 872 of 875 messages
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DateSubjectAuthorDiscuss
15/7/2019
13:48
Some big trades today!
microscope
11/7/2019
17:40
They've earned £135K in the half from new music rights - actually that's not bad considering the rights have not been owned for the entire half ie: January - the rights for which $1mln was advanced Locomotive - February Dulaney - April Cole Taylor - May They've spent around £2mln. At an average of a multiple of 7 that should give around £300K income a year. Cost of sales is running around 50%, so that's leaves £150K. Interest is £140K. Clearly making a profit depends completely on arbitrage. On the face of it £135K implies they are doing well at it, seeing as the rights have only been owned for a few months up to half year end. Unless I'm missing some earlier ones that count as 'new music rights'.
yump
11/7/2019
17:27
Harrogate Altered now - my excuse was I'd had a couple ;-)
yump
11/7/2019
14:17
Five million quid even at a meagre 2% interest would be worth 100k a year. In itself quite handy in a small company like this, though of course I hope some of it will be put to acquisitions meantime
microscope
11/7/2019
06:37
Might need to look at where you are putting the decimal point on those EPS numbers. If only they were right !
harrogate
10/7/2019
20:09
Here goes - figures in mlns I've assumed admin costs increase at the % rate of revenue with a slight levelling off in 2021: Oct 2019: Revenue: 3.2 Cost of sales: 1.6 Gross profit: 1.6 Admin costs: 0.9 Op. profit: 0.7 Excpt. costs (finance etc.): 0.25 (second half doesn't include £35K fund raise costs but will include first loan note interest payment at 7% on £2mln) PBT: 0.45 EPS: 0.33p 2020 Revenue: 4.2 (30% ish - is that too optimistic ?) Cost of sales: 2.1 Gross profit: 2.1 Admin costs: 1.17 Op. profit: 0.93 Except costs (finance etc.): 0.18 PBT: 0.75 EPS: 0.55p 2021 Revenue: 5.2 (25% ish) Cost of sales: 2.6 Gross profit: 2.6 Admin costs: 1.4 Op. profit: 1.2 Except costs (finance etc.): 0.18 PBT: 1.02 EPS: 0.75p Please feel free to dissect !
yump
10/7/2019
18:20
Oh not as bad as I thought then. Just doing some figures based on escalating admin. costs + finance costs - will post later. Mainly so I'm not working blind. o/t microscope Problem is I've seen loads of businesses over the years where share prices are depressed on low p/e's, where posters have pointed to the cash, but its made no difference to the share price Presumably because they're not using the cash. Hopefully OMIP will use the cash to generate growth, but that does require the purchasing multiple to be low enough to cover interest and still generate a contribution to profit. Anyway, I'm not counting cash until its earning, so we'll have to agree to differ there !
yump
10/7/2019
15:02
The advance is not taken to the P&l on receipt but as the royalties are earned. So it helps cash but he p& l.
harrogate
10/7/2019
14:52
Cash buys acquisitions. Acquisitions provide growth. We'll have a fuller contribution from the recent ones next report. I'm happy with my investment here and might top up at some stage. No offence but ignoring cash is a nonsense imho. Plus of course they have the asset values of the various businesses previously acquired which are already profitable.
microscope
10/7/2019
14:38
Oh FFS !! The first half contains the recoupable advance lump of $1,000,000 (see Jan 19). So its more like £1mln revenue from continuing operations. Why on earth didn't I implement my not-buying-any-more-media-related-shares a few years ago ?? None of them seem to be able to report in a straightforward way. So actually, the first half revenue is BELOW the comparative period last year, not the amazing 35% increase. I look forward to more waffle statements in the future. At least it will be an outlet for me to rant.
yump
10/7/2019
13:57
I’m always thought cash in the bank is irrelevant - especially when most of it has just been raised. Growth in the business and profitability is what investors are here for and if that’s not seen to be being delivered in a year or so they could have a pile in the bank and it would make no difference to the valuation except on paper. With annual loan costs of £140k and increased admin costs, that needs to be more than covered by increase in gross profit. By the look of it at least cost of sales is a constant percentage - just above 50%
yump
10/7/2019
11:47
Well the market seems under impressed. As usual it is apparently focusing only on the eps, which when you've 5 million in the bank on a market cap of about 8 million, is, to say the least, short-sighted in my view!
microscope
10/7/2019
11:34
I think its very unlikely that actual historic income would be given for any acquisitions - seems a highly sensitive and confidential area. It is publicly available for quite a few old songs, but that still doesn't really give a clue on what to expect in the future. Its OMIP's relation between increasing revenue and costs that's the important issue. They have said that they are generally paying about 7x as a multiple. Obviously the finance costs have to be added to that, to see what return they actually need to make a profit on the actual song/catalogue.
yump
10/7/2019
11:19
Impossible to have a good feel as to whether they are paying a good price for acquisitions IMO. eg today paid $725000 for just one song with no info about how much that song has made in the past. Bloody ridiculous if you ask me.
eezymunny
10/7/2019
10:55
Just looking at the figures in a bit more detail. Gross profit rose by about £150,000, so annualised that is double the cost of the interest on the loan notes, which is nice. What is not so nice is that 100K in admin. costs. and I want to know whether that is going to keep increasing or not. I am going to ask that question and see if I can get an answer, because without that, profit would be flying, even with the finance costs. ie. say admin. costs had only gone up £50k - operating profit would be up 50% and you could clearly be able to see how gearing is going to work.
yump
10/7/2019
10:39
EV 3.5 mill Full year ebitda 850k plus? whats not to like? Michael... never overpays... except perhaps M&M
capt bligh
10/7/2019
10:12
The underlying financials look very strong to me, though it's too early to make a judgement on how well the acquisitions will do and what they can add to ebitda, eps etc. Net assets of over 7.5 million, including over 5 million in cash, at 6p the entire market cap is around 8 million, so the company ain't going bust anytime soon that seems certain I'd say!! Streaming is undoubtedly the most lucrative area of the global market and it's where one media are placed, so am pretty confident about the future.
microscope
10/7/2019
09:44
Interims in line and - ".....The global recorded music market shows no signs of slowing, reporting growth of 9.7% in 2018, with streaming being the driving force behind this, growing 34% in the same period. We now look to the remainder of 2019 with a solid pipeline of opportunities for further acquisitions and confidence in our ability to capitalise and strengthen our positioning within this growing market....." They mentioned accelerated growth earlier in the year, I hope it's on its way.
paleje
01/7/2019
14:59
Well I'm definitely here to wait for the gearing to kick in, which I hope happens, as although the growth rates forecast are higher than the p/e, the actual earnings increases forecast don't look like they will send the price jumping much for a while. However 5 years of it will do nicely. Never actually noticed the dividend ! but not really keen on them paying it anyway now after raising a chunk of funds - would seem a bit pointless.
yump
28/4/2019
08:28
Good morning guys, I’m currently compiling a write-up on the constituents in my portfolio. I’ve enclosed a link to my post on Twitter as unable to copy over the table. HTTPS://twitter.com/glasshalfull1/status/1122397396716093440?s=12 I’d also like to draw your attention to the presentation that OMIP have put up on their web site. I enjoyed a call with the Chairman & CEO recently. Both were comfortable with the pipeline of acquisitions. They reiterated that each catalogue & potential acquisition different & that it’s up to OMIP to exploit each by sweating the assets. HTTP://www.newomip.bitnamiapp.com/wp-content/uploads/2019/04/190418-One-Media-iP-Company-Information.pdf (2) OMIP (One Media iP) - War Chest for acquisitions * Share Price 5.5p * M/Cap £7.5m * Enterprise Value £3.5m (£4m NET CASH on the balance sheet) * Shares in Issue 135.6m * Stock Rank (Contrarian) 51 (Quality 83 / Value 71 / Momentum 2) Michael Infante, CEO had the foresight in the early 2000's to recognise that digital media was the new growth area as CD sales plateaued. He positioned the company to take advantage to these shifting trends in consumer behaviour during the next decade. They grew earnings considerably between 2009 - 2014 via digital downloads after amassing a catalogue of over 250,000 music tracks. I was fortunate to enjoy the ride & the share price rose from 1.5p to 20p in this timeframe, a 13x bagger, BUT the market changed once more & the download market fell off a cliff with the the new streaming model unable to pick up the slack until 2017-18 when an inflexion point was reached. The share price consequently retraced to the current 5.5p level. During this rollercoaster ride OMIP have remained profitable & retained a net cash position throughout. In FY18 Michael Infante implemented the next planned phase of growth through the heavyweight appointments of Lord Michael Grade & Ivan Dunleavy (former CEO of Pinewood Studios) & through a mixture of loan notes & equity raised £8.9m gross proceeds at 6p in Sept 18 to embark on the acquisition of music publishing rights, artist recordings and songwriters’ rights. FY18 results were released earlier this month & confirmed that OMIP increased op profit +94% to £639k & finished the period with £4m net cash...so they are only on an EV of £3.5m with a WAR CHEST for acquisitions. IMHO the market are attributing negligible value to their content library iP which they’ve spent £6.2m to date. They also have the £4m net cash plus a few other growth opportunities. So we have: - * Music Catalogue of +250,000 tracks including “Points Classic” catalogue (acquired for $1.6m in 2014) of 5,000 classical recordings which allows synchronisation deals with film, tv & advert productions * Video catalogue of 10,000 hours content & 20 YouTube channels to monetise * Content Policing Software - Technical Copyright Analysis Tool (“TCAT") - which has now been taken up by 2 x of the major record labels to utilise the product as SaaS. This is a tool for "content policing", protecting ownership rights across the multiple digital platforms & I envisage they’ll look to expand this into other markets * Men & Motors - OMIP own this property which provided 43 million minutes of viewing in 2018 & has over 114k subscribers Brokers Panmure have reinstated coverage with a 10p price target or +82% upside on the current share price. Panmure rebased their previous EPS targets on the back of the Sept 2018 placing as OMIP are only now starting to deploy proceeds, spending a total of $1.6m combined so far on a Spanish record label which is strong in Latin American territories & an American country music songwriters composition catalogue. The forecasts below therefore have plenty opportunity for upgrades as they deploy the monies raised, while they also have a further £4.1m of unused BGF facilities to deploy. Yr end Oct Revenue Adj PBT Dil EPS 2017 £2.34m £298k 0.35p 2018 £2.7m £487k (+63%) 0.4p (+14%) 2019e £3.2m £600k (+23%) 0.3p (Analyst current low ball EPS forecast as company still to deploy most of placing monies & sitting on £4m net cash) 2020e £3.7m £900k (+50%) 0.4p (+33%) 2021e £4.1m £1.1m (+22%) 0.5p (+25%) OMIP are now benefitting from the growth in music streaming across the globe & I believe that once they have deployed the £7.6m cash at their disposal we will observe operational gearing kicking in. Simply put, the business model provides good visibility on revenues as they collect a small % every time one of their songs is streamed & further acquisitions should provide the opportunity for material upgrades in the PBT & EPS forecasts once the cash is deployed. Therefore the risk/ reward proposition is skewed to the upside in my opinion. The share price soared once before ... & I reckon there are a number of drivers to give it a good kick forward 👟⚽A039; once again! Kind regards, GHF
glasshalfull
23/4/2019
20:59
it's one thing not knowing what day it is but not knowing the year ………;.
haroldthegreat
10/4/2019
10:35
Er Yump they have a history of paying dividends actually
capt bligh
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