One Media Ip Share Discussion Threads

[capt bligh] 03/7/2014 07:32

Good news today.... Turning into a really solid little e. business, run on a shoe string, but with value increasing year by year...well done Michael Infante

[microscope] 03/7/2014 07:32

Excatly the sort of deal we were hoping for i think, harrogate. Excellent news and evidence imho of why the Orchard were 'happy to oblige!' :)

[harrogate] 03/7/2014 06:50

I like the sound of this ..right in their sweet spot ... old classics and music not video ( which I continue to fail to understand the economics of) and a decent size. Earnings enhancing which is great ..not that means much using cash which will be earning 1% in their bank account ! Great stuff. H2 off to a good start

[cascudi] 28/6/2014 15:47

i don`t understand why advfn fundamental is showing a pe of 40. looking the last 6 months interim the eps was 0.49p assuming that the 12 months eps will be 1p. the pe should be 17..correct?

[briangeeee] 26/6/2014 13:22

Nothing that another big director sell at well below market price won't fix. I've got no problem with directors selling their shares in an organised manner, but selling at below market is very damaging if they're considering raising fresh equity funding in the next couple of years.

[cheshire man] 26/6/2014 10:38

Just logged and saw the rise,,,,,,,,,,,,,thanks for that TSM

[the shuffle man] 26/6/2014 10:10

Nice write up in shares magazine prompting todays rise.

[microscope] 20/6/2014 12:52

Yes also hoping H2 video is hint of activity. I'm not for a moment saying any bid is going to happen and this isn't intended to fuel speculation, but were Rightster, who are talking of acquisitions, or another sector player, to make an offer for us - one day - what would people see as fair?

[harrogate] 20/6/2014 07:21

Micro ..I always find your perspective interesting! Any content acquisition from cash should obviously be quickly earnings enhancing it is just that we have no clue as yet as to how the video content especially is going to go and things like Men & Motors given that video revenue in total is less than £75k for H1 can't yet be paying their way. If they issue shares to do deals then the argument on enhancement changes quite a lot so we shall see. I still think that in the absence of a large clearly earnings enhancing deal we are about right on 14 x 2015 EPS. Of course the MI video strongly suggests that H2 will be more active on deals in H2 and hints at a big one so that could change quickly given we have little over 4 months left in the FY. Fingers crossed

[m1shake] 19/6/2014 22:49

hxxp://www.stocktube.com/video/one-media-ip-sees-profitable-future-in-music-streaming

[microscope] 19/6/2014 16:30

Don't take this wrong way Brian, but you sound like a broker room dealer or analyst, hidebound into using narrowly defined and rather technical city or trading room valuation criteria, therefore it can be difficult imho to stand back and see the bigger picture. Of course i get that you'll say it's logical etc and reality, how the city sees it (but they aren't the be all...) but things like potential don't get factored in or fully assessed because they are subjective. I maintain we are undervalued because almost of necessity acquisitions will happen and it's hard to see how they wouldn't be significantly earnings enhancing. I enjoy and value your posts, I get where you are coming from and understand your angles, so as i say please don't take this as some sort of criticism or in any way patronizing, it's not! ;) PS: did we get a mention in Shares mag today, something oblique from Michael today on Social media sites, not sure if it was direct reference to a write-up or not.

[briangeeee] 18/6/2014 10:16

These pricing changes seem like they will be significant for OMIP in the future. It would be interesting to hear some more about how their YouTube relationship is developing http://www.bbc.co.uk/news/technology-27891883 Hopefully they should be seeing themselves increasingly as a route to commercialisation for smaller owners of rights.

[the shuffle man] 17/6/2014 13:25

Very thin summer markets. Not even one trade on the back of these results which look ok.

[proactivest] 17/6/2014 13:12

Video inteview: One Media iP sees profitable future in music streaming One Media iP (LON:OMIP) has just unveiled its latest half year figures. The digital content provider has reported pre-tax profit up 31.5% and turnover 13% higher at just under £1.5 million. The company has also paid an interim dividend of also Chairman and CEO, Michael Infante explains how the company is aiming to develop the video streaming business over the next few years and outlines an ambitious strategy for acquiring more digital assets in music and video rights. He also believes that One Media is uniquely placed to exploit the shift from downloading to cloud based streaming. Watch the video: http://tinyurl.com/oqlmdog

[briangeeee] 17/6/2014 12:29

EPS and hence PER certainly isn't the only measure by which to gauge a business, but in the case of OMIP it's a good one. As long as we can continue to find good content at a reasonable price, and have the people skilled in converting and marketing it, then the business works well. The constraint on growth is therefore simply the capital to acquire new material. Since the business is capital hungry, it would be unfair to judge it on near-term cash returns. The roughly 1% yield is simply a payout from earnings that isn't being retained for growth. Whether it's paid out, or returned is of little consequence if you believe they're capable of investing competently. Of course if they're considering issuing further shares to fund increased growth, then paying a dividend is somewhat tax inefficient. Since this business is quite efficient at converting earnings to cash, and unlike some business', there isn't too much non-investment capex or other leakage between profits and cash flow, the per-share earnings, and it's growth rate, reflects very well the value of the business.

[microscope] 17/6/2014 11:55

Of course p/e is one measure which people all too easily latch on to imho as a be all and end all, (in my opinion a company can be dear on five teams or cheap on fifty times, depending on its circumstances) but with all that cash 'over and above' a far from vey big p/e, we are in a great position to make earnings enhancing acquisitions of a significant size now, and enable the company to increase profits and move forward strongly. We pay a divvy, got no debt and in all the years I've been here I don't think we've had one set of 'naff' numbers. I think an upward rerating is overdue.

[briangeeee] 17/6/2014 07:57

Caution mentioned on £/$ exchange rate, as cash balances held in $, and I guess also the majority of sales. Carney's blab about interest rates now hitting UK exporters in a market in which each country still seems to vying for the weakest currency. Also, some vague caution on streaming as an emerging form of delivery, but don't really state how it's increase would impact in financial terms. Glad to hear they're working on improving their skills in this area.

[microscope] 17/6/2014 07:49

The results look bang on, and with the 2 million advance I'm anticipating more positive news over the coming months. In a great position financially to expand and develop the business, and clearly the recurring revenues too are proving every bit as reliable as we hoped. Big well done to the team, and now let's move up to the next stage. Happy!

[harrogate] 17/6/2014 07:33

Yes that tax charge does look weird. I thought it might have something to do with the allowances on content acquisition but that number looks lower than the corresponding period.

[briangeeee] 17/6/2014 07:27

HY PBT of £345k looks to be broadly in line with expectations for the FY of £750k. Unusually low tax rate, for which I can't spot an explanation, makes the basic EPS look good at 0.49p. I think there are 250k warrants outstanding, held by a non-director, and 2.9m options, so that would make the fully diluted EPS 0.459p. The Charles Stanley Note forecasts a "Normalised" EPS of 0.75p for the year.

[harrogate] 17/6/2014 07:17

Very solid The CC EPS for 2014 was .75p so they maybe are going to beat this but there is chunk of dilution to come after the warrant exercise in the rest if the year a and they look like they will hit the CS number for 2014 so we are on a PE of about 15p. Now they have the cash we need to see a big deal or I think we are at the right price.

[capt bligh] 17/6/2014 07:02

great results wonder if anyone will notice ?

[capt bligh] 13/6/2014 15:40

I agree m'scope... think a big deal is in offing MI has plenty of cash already from the float... and Orchard guy Scott is on the board... one way or another this is fairly good news. How much we make from video content is, I also agree extremely opaque...

[harrogate] 10/6/2014 12:29

Agree with the dilution point and a large deal is what we need. Never been in CLA ... Pointless ..I just go on the thread to tell people to invest in AVAP if they like leasing. CLA is dead money.