One Media Ip Share Discussion Threads

[yump] 29/4/2020 14:01

Streaming demand has jumped, so would expect some benefits here in due course, on top of the general demand increases.

[cheshire man] 31/3/2020 08:34

Indeed they are catt bligh and no impact from the dreaded virus on the business :-)

[capt bligh] 31/3/2020 08:28

by any metric these are great results...well done MI and the team

[harrogate] 19/2/2020 09:15

It is very frustrating of course but given the massive change of strategy here with the failed plan with the big hitters and the high cost debt, I do think it is fair to give MI time to work through things with his new board. I am sure he is also looking for a home for the shares of Grade et al. I think we know that revenue will be ok as streaming grows. I think they have said in the past that the lengthy reporting is due to the delay in getting full and accurate royalties info from the distribution channels. I am a frustrated but not worried long term holder

[yump] 19/2/2020 08:06

Well I’m not holding out hope for much. They haven’t bothered to issue a trading statement - last year it was pre-christmas. Takes them until April to issue finals for October year end as well, which for a small business like this is daft and doesn’t exactly show any respect for shareholders.

I can only judge them by those things and the ‘playthingR17; involvement of grade, dunleavy and nicola whatever.

[fillipe] 07/1/2020 15:06

OMIP - on the up - asking 6p best.

f

[yump] 25/11/2019 17:35

Hmmm - interesting and unexpected rise, which makes me wonder what different circumstances would mean the recent board resignations...? 2+2=5 ?

[yump] 21/11/2019 17:33

Just looking back over my notes, what I really want to know is whether the promising 138K from new rights bought, has continued and increased.

Because that was for the 6 months to April 30th, which sounds a long time for 138K, except that there were only two new rights bought after the placing:

1. About 500K spent on 25 Feb
2. About 600K spent on 9 Apr

So the main contributor to that would have been the first acquisition for 2 months. Extrapolating might give around £700K for a year.

If they really did mean 138K from new rights of course and if that really represents a monthly flow of revenue, rather than something that included a one-off advance payment from somewhere for streaming, that has not been allocated evenly between its receipt and the end date.

I note there was a £1mln advance payment in Feb 19.

[harrogate] 21/11/2019 16:00

As a long term holder here it has been a long haul. I am happy that this has come out and been resolved. I didn't like the expensive debt but did participate in the placing as I thought the big hitters would bring content. It seems they didn't so it is back to plan A. I would be amazed if the content they have bought is not working out and I do think they will issue an update soon when the directors get on board. The content they have bought this year never mind the old stuff is worth more than the current share price. I am ok to hold on for another few years as I think value will come out. Would be nice to see the share overhang places with a decent institution

[yump] 21/11/2019 13:01

Well, someone isn't as grumpy as me and has been buying !

Perhaps the departure of the 'bit of fun' investors is being seen as a positive...

Perhaps there was a grand plan that turned out to be grandiose and now the feet are firmly back on the ground.

[picnic] 20/11/2019 19:39

There has been a trading update in November for the the last 2 years,I think we need one soonish.
Not too concerned about the comings and goings of Grade and Dunleavy but what I would like to know is why Philip Miles left on the same day.
What is the future of ICAT?Could they sell it?Is it worth anything?

[yump] 20/11/2019 18:03

Yes, I can remember that. I had some misgivings about the incestuous nature of the deals around the placing. Its an illusion that any company needs big names to grow - especially corporate ones involved in small businesses. There's a kind of daft accepted wisdom that someone corporate will have a good take on how to grow a small business.

I should have sold when those 'impressive' additions to the BOD and shareholder register appeared, as it clearly made some others buy in. Should have, would have, could have etc. etc. Not as easy as it sounds, when OMIP had started to actually improve financially and the forecasts were promising.

[nextlink] 20/11/2019 16:38

In my post 748 I said I hoped Michael Grade didn't do an ITV on us.
Looks like he has come close.
Still him leaving was the best thing that happened to ITV and they
haven't looked back since.
Perhaps OMIP can now begin to recover.
With luck we have also seen the back of Nicola Horlick.
The financial expert who invested her clients money with Bernie Maddoff.

[paleje] 20/11/2019 16:22

Infante and his new allies:-

"....feel it is appropriate to review the performance of the business and the wider
opportunities to monetise our existing assets and experience with a view to
delivering enhanced shareholder value as a primary goal."

Can't argues with that. If it happens. Back in the bottom drawer for a while.

[yump] 20/11/2019 12:31

Dunleavy was going anyway, awaiting a new director appointment.

The main issue imo is the fact that infante said in october that the buy and build strategy was being successful.

So is it or isnt it ??

So The debt is expensive. Can anyone guess whats coming ? No prizes.

[paleje] 20/11/2019 11:38

I suppose the question is, what or who has been keeping them on 'the old way' when there are brighter different opportunities to be seized...if that's the case.

The new NED Brian Berg looks like a good guy and his Eclipse Global is top notch from what I've seen, not sure what Hearst lady will add. The other director moves a few months back were prescient, easy to say that now of course.

Yes yump the BS from Infante is a concern, it would be nice to see some plain speak and a clear strategy.

[yump] 20/11/2019 10:16

I think 'comparatively expensive debt facilities' means compared to the multiple they are having to pay for the rights.

What would be nice is some sort of update, because on the face of the last one, there seemed to be a decent revenue flowing from the new rights.

I should have heeded my own warning that in the past, all the statements have been massively wordy about the market. Now they're not wordy enough about the facts.

The list of red flags against potential AIM investments goes on...

[clocktower] 20/11/2019 09:56

A bit to much gloom on this thread today but I expect it may yet sink but there may well be new opportunities that arise following these changes. The team are a bit like a bunch of football managers, as changes are made swiftly and without explanation.

[paleje] 20/11/2019 09:07

Dead wood out perhaps.

What was the guff about ...." which may mean a move away from making
additional catalogue acquisitions funded in whole or in part with comparatively
expensive debt facilitie"

[eezymunny] 20/11/2019 08:59

those rights acquisitions looked weird to me. no numbers on past revenues etc. pathetic.

[yump] 20/11/2019 08:30

I suppose theyve still got the money to buy rights, but the old ‘strategic review’ must mean the strategy is not working.

‘Strategic review’ always means 30%+ off the share price.

My take is that as I wondered a while ago, they have been late to the rights buying market and are paying too much, so the returns are not enough.

[yump] 28/9/2019 10:46

Innovative funding sounds like a euphemism for something else !