One Media Ip Share Discussion Threads

[m1shake] 18/2/2015 11:54

Notification of Final Results and AGM

Released : 18 Feb 2015

One Media iP Group PLC (`One Media')

Notification of Results for year ending 31 October 2014 and
Annual General Meeting (AGM)

One Media iP Group (AIM: OMIP) announces that it will release its results for
the year ending 31 October 2014 on 10 March 2015.

One Media further announces that its Annual General Meeting (AGM) will be held
on the 16 April 2015 in the Main Admin Building, Pinewood Studios Iver Heath
Buckinghamshire SL0 0NH at 11am.

For further information please visit www.onemediaip.com or contact:

One Media iP Group Plc Chairman and Chief Executive
Michael Infante Tel: [phone]
One Media iP Group Plc Brand & Communications Manager
Alice Dyson-Jones Tel [phone]

Cairn Financial Advisers LLP Nominated Adviser
Liam Murray / Jo Turner Tel: [phone]

Charles Stanley Securities Limited Broker
Mark Taylor Tel: [phone]

Notes to Editors: One Media is an intellectual property (iP) owner and
controller of rights within the digital arena concerning music, video and
digital distribution. The consumer led but B2B (Business-to-business) operation
looks to exploit its catalogue of over 200,000+ music tracks and over 7,500
hours of video by recompiling the content for sale through over 100 digital
music and video stores groups worldwide. The Company has a team of Creative
Technicians, who digitise the content, create the metadata and re-compile and
prepare the digital music & video releases using bespoke in-house software.
Additionally, One Media makes its library of content available for TV shows,
movies, adverts and websites requiring background music. One Media focuses on
music performed by well-known artists from every genre, including; pop, rock,
reggae, R&B, children's music, karaoke, jazz, soul, blues, rap, hip-hop,
gospel, world-music, plus stand-up comedy, spoken-word. In July 2014 the Group
acquired for a consideration of USD$1.6m the Point Classics classical music
library bringing the number to over 10,000 classical tracks now available to
the Group for exploitation. One Media is eligible for Enterprise Investment
Schemes ("EIS") and Venture Capital Trusts ("VCT"). The company is profitable,
cash resourced and has operated an active dividend policy.

[yump] 08/1/2015 15:27

You're right the advance depends on when the exchange to £ was done. I think I've confused myself with exchange rate charts and will get me coat for the time being...

So if they held onto the dollars and exchanged now, its better than if they exchanged them in June.

I think ;-)

[briangeeee] 08/1/2015 13:55

Yump, given recent movement in $/£, taking the 'advance' will surely be negative in terms of £ profits (depending of course on when any exchange was done), but going forward the currency movement will be a positive if it stays like this.

harrogate, I think given the prior indications about making acquisitions, and potentially issuing shares to fund purchases, we'll just have to wait and see. Until the deals are finalised it's difficult for those of us outside the company to have any high level of confidence. I certainly wouldn't like new shares to be issued down near the current price. I've previously said upper teens is OK, but as time passes and earnings accrue, the value of the company increases.

[yump] 08/1/2015 13:34

Thanks GHF.
Missed the tweet microscope.

Slightly odd that there hasn't been an update of any sort yet - lets hope its the right sort of surprise when it comes !

harrogate
They did say they actually received the $2mln advance in June, so presumably that will now appear as more £ than it would have in this year.

[harrogate] 08/1/2015 09:18

I would have thought most of the impact will be in the year we are in now not in the results to be announced soon but it could be significant if we stay at $1.50 to the £. Didn't MI tweet something last year about a surprise or something happening in the new year ..or is that just my wishful thinking !!?

[microscope] 08/1/2015 08:50

Don't know if anyone saw Michael's personal opinion if somewhat ambiguous tweet regarding currency?
'someone send our politicians home they are playing limbo dancing with our currency selfishly ok for OMIP #onemediaip'
It was accompanied by a chart which, i think, was a short term pound/dollar rate

[glasshalfull] 07/1/2015 23:48

Hi yump,

Never too far away though infrequent poster these days.

Over 95% of OMiP's revenue is generated in $ while majority of costs are generated in £. They receives $ payments on a monthly basis & convert a proportion to meet outgoings.

So strong $ v helpful.

Regards,
GHF

[yump] 07/1/2015 23:00

Be interesting to know what GHF makes of the exchange rate issue. Are you still here ?

[yump] 07/1/2015 13:26

They got paid $2mln advance in June. At the current exchange rate that could add another £100K straight onto the bottom line, if I've got my calcs. right.

[dibs61] 07/1/2015 09:38

Yump - good point re dollar earnings... I see bid has been raised a tad this morning. Sign of movement? As you say though this is due some news and a few trades!

[yump] 07/1/2015 08:53

Interesting to note that in June when the dollar was low, the comment in interims was that the exchange rate was not working in OMIP's favour. Now the $ has strengthened. They convert to dollars and then report in £, so I wonder what full year will show...

I'm assuming a weak dollar is bad for OMIP, although if all the digital income from other countries is converted into dollars, before reporting in £, I'm not sure where the sensitivity actually is. Perhaps it means that they can choose when to convert to dollars to mitigate exchange rate moves, but they can't choose when to report in £.

By this time last year there had been an update, so should be one soon, if not then an announcement towards the end of Jan on the full year results date.

[dibs61] 05/12/2014 20:01

I wonder when we're going to see some interest again in this stock. Looks very good value to me.

[m1shake] 27/11/2014 17:55

OMiP came second - not bad out of 27 countries
hxxp://www.mondovisione.com/media-and-resources/news/fese-who-were-the-winners-of-the-2nd-european-small-and-mid-cap-awards/

[harrogate] 13/11/2014 14:22

These awards are great for the company, especially the staff, although I have some very bad examples in my investing past of companies winning awards = very poor investment return. Not that this is the case with OMIP unless you bought at 18p+.
Just reading the story on Taylor Swift and the spotify argument. Made me wonder what the move to streaming away from download means for OMIP. The price per track looks a fraction per play compared to price per download. I also see that Youtube has launched a streaming service today. Interesting times.

[m1shake] 12/11/2014 19:31

One Media iP (AIM: OMIP), a digital media content provider that exploits digital music and video intellectual property rights has been nominated for European Small and Mid-cap Awards 2014 ‘Rising Stars’ award.

click here for full story
hxxp://www.everyinvestor.co.uk/news/2014/11/12/small-cap-one-media-nominated-rising-stars-award-10271/

[capt bligh] 07/11/2014 12:12

New senior appointment at OMIP

[briangeeee] 05/11/2014 11:53

Rightster and Audioboom are very interesting, and highly relevant comparators. Both exist in roughly the same sector (online audio), but importantly they focus more on the distribution end, rather than acquired content ownership.

While "content is king" is important, and means to a large extent that you're master of your own destiny, the advantage of a distribution approach (including very low cost content acquisition) is that it isn't capital intensive. Investors therefore look through current losses, via strong operational gearing, to the sunny uplands beyond. What is increasingly apparent with the OMIP business is its sound and consistent nature, but its growth is heavily capital constrained.

I suppose debt is one partial answer to increase operational gearing in terms of ROE, but certainly not perfect. It will be interesting in future to hear the company's thoughts on how it can address this scale-up issue in a capital efficient manner. Perhaps some form joint ownership, or service model, where the acquisition cost is deferred and the original content owner paid out of future increased revenue. I guess this is a competitive space, and I certainly don't know what's best for OMIP.

[m1shake] 05/11/2014 10:57

What you say is very sensible but explain the logic therefor in these two companies (above) share price and capitalisation - its sizzle and sausage! I know where i would rather be -

[briangeeee] 05/11/2014 10:29

If the share price at the time the Note was written had been 25p, the target would have been 35p or similar - it's just meaningless.

For me, what matters in the upcoming results is:

1. Diluted EPS. The base metric.

2. Variation between earnings and cashflow. How much of the earnings relates to nebulous capitalised acquisition costs, and does capex significantly exceed amortisation (building a large intangible under IFRS).

3. Capital efficiency of the business. To what extent is availability of cash constraining growth.

4. Future dividend policy. There is always a trade-off between returning cash to shareholders and using it for growth in a capital intensive business. However, the current static dividend feels too low - a statement of future policy would be good, and perhaps a better balance.

In terms of acquisitions, I don't feel the current share price is at a level I'd feel comfortable with new equity being issued. Of course the company should consider acquisitions of new material within their cash and (reasonably priced) debt limits.

[harrogate] 05/11/2014 08:25

Hi. Thanks for posting the CS note and updating the thread. It is hard to see how CS get a price target of 25p at the moment which would be 26 x 2015 EPS. I think they have fallen back a bit too much along with a few other AIM small caps but feel we will need a decent sized earnings accretive deal to get anywhere near 25p in the short or medium term. A hold for me.

[glasshalfull] 04/11/2014 21:45

I've updated the header to reflect the Charles Stanley forecasts. Believe 0.75p EPS pencilled in for the year just ended with 0.95p this year. Look decent value at the current price.

Nice to read the RNS confirming that OMIP continuing its progressive dividend policy.

With its enviable track record they were the ideal company to attend Mello 2014 in Derby later this week which is choc full of similar well run businesses that engage with shareholders and deliver excellent earnings records.



The speakers include a who's who of the UK investment landscape with the likes of Katie Potts, Giles Hargreaves, Lord John Lee & Gervais Williams delivering keynote talks throughout the event alongside 60 companies exhibiting & with many also presenting.



I'll be in attendance at Derby for the full 3-days and delighted to meet up with any PI's that frequent these boards.

Regards,
GHF

[the shuffle man] 04/11/2014 09:31

There doesn't seem to be any interest in the very small cap stocks. OMIP looks cheap but what is going to get this re-rated. Will have to wait for results I suppose or any contract news. This share can go days without any volume.

Good company, growing, debt free and pays a dividend on a low rating.

One to tuck away.

[yump] 04/11/2014 08:58

That's a p/e of just over 10 on full year isn't it ? Seems harsh.