One Media Ip Share Discussion Threads

[harrogate] 20/7/2021 08:34

Yes that sounds great - in fact if we are paying 12 x NPS for content you could argue that their 8 x is very conservative. But what is the catalyst to get us that rating ? It has been true for a number of years? I thought The emergence of SONG as a comparator might highlight this but it seems not. Maybe the company needs to show this metric in its results to highlight it.

[melody9999] 20/7/2021 08:15

Cenkos note out: Applying a conservative 8x Net Publisher Share (NPS) multiple to OMiP’s FY21E royalty income would imply a share price of 12.9p (45% upside). We reaffirm our Buy rating.

[harrogate] 20/7/2021 07:29

I thought it was a bit lacklustre in fact. While the currency impact was a one off and expected we have still gone backwards in earnings. We are valued at about 6 times our NPS so raising money at this price to buy content at 12 times sounds like value destruction for shareholders. TCAT better be good or we are really going to struggle to get the share price moving north on this strategy. I am a very long term holder but can't see the catalyst for progress without TCAT

[spin doctor] 20/7/2021 06:59

No surprises IMV. USD impact shd be a one off. Underlying streaming growth intact. £4M now deployed and delivering at <12x multiple.TCAT team in place.

Expect good stream of news thus yeareg close of the EIS TCAT raise should not be too far ahead.

[spin doctor] 19/7/2021 20:53

What am I most looking fwd to tomorrow?

Not the historical results to April 30th which will include very little of the benefit of recent acquisitions (and the impact of weakening of the USD). Much more a sense of how deployment of the mid 2020 cash is going - what proportion is now committed, is the 8-12x multiple being held to (I very much expect so), and an indication of the pipeline. If those are broadly positive, I will be happy.

As you indicate, TCAT has been impossible to value; maybe we will at last get some indication of that, and of technical, marketing and leadership progress. Maybe quite a big tail on the streaming income dog.

A hint of further fundraising would not be a surprise - the Co. surely needs to scale, but preferably after the share price has moved well into double figures.

Nanocap and little effective free float.... expect volatility!

[yump] 19/7/2021 07:07

Yes lots of mentions of TCAT !

[harrogate] 19/7/2021 06:46

Looks a nice acquisition. In OMIP sweet spot and as writer rights will be much larger than the recent producer rights deal. Also seem to provide a little more colour on how TCAT works. Good to see that they get AI on the announcement- always good

[yump] 13/7/2021 09:27

Bit of a run up to results ?

Very curious about TCAT developments - I wonder what extra needs building into it - given there is obviously an intent to invest more in it.

[babscabs] 06/7/2021 20:31

Good points .
TCAT is certainly a very exciting part of one media and seemingly with scale , so lets hope either some value is realised or some long term value improved .
Be nice to know exactly what is going on but maybe its a good time to buy before some announcement , its hard to see how it can be a negative effect on share price which is already stocking value IMHO .

[harrogate] 06/7/2021 18:49

Edit - actually I don't think we do own 100% of TCAT as when the separate subsidiary was established last year the TCAT chairmen was given 10% I seem to remember

[harrogate] 06/7/2021 18:46

For TCAT to work it will have to be independent of OMIP otherwise how Will other content owners trust it and use the systems. OMIP is a content owner and will use TCAT I am sure for free on some way once separate. We currently own all TCAT but if it raises say £1m at a value of £5m that shows the value of TCAT which to me is totally hidden inside OMIP I am not sure exactly how they would do it but we could be given free TCAT shares as it raises money and then we own 2 separate entities.

[babscabs] 06/7/2021 18:28

Thanks .

Still trying to figure out what the actual plan is ?

why would one media would want to raise money (dilute ?) for TCAT ??

Dont they own 100% of TCAT .

If yes raise money is either to grow the business (dilute) or to take some money off the table (into one media coffers).

Why not raise money on the market if money is needed for TCAT ?

EIS would surely benefit a small pool of EIS investors and not current shareholders who have been along for the journey .

[harrogate] 06/7/2021 17:57

That is not the plan - it will be separate and an investment into TCAT limited not OMIP otherwise wouldn't be EIS. They have plenty of cash left for content acquisition I would think for now

[babscabs] 06/7/2021 16:48

If TCAT is an EIS opportunity should attract a decent valuation which presumably puts cash in the bank at One Media to sign some more deals .

[harrogate] 05/7/2021 14:21

I would be pretty disappointed if current shareholders don't get the opportunity to participate if we want having supported all recent placings which have helped get TCAT to where it is ( not that we really know where it actually is ) seeing the fundraise documents will be useful in that respect.

[spin doctor] 05/7/2021 14:18

Several EIS (and VCT) investors were part of last year's OMIP fundraise. Hopefully they (+/- others) lined up to close TCAT fundraise fairly swiftly now that advanced assurance in place.

[microscope] 05/7/2021 08:43

Yes the fact that they can seek 'new sources of funding to invest in TCAT' is interesting, along with what sounds to me like plans to float it off. All very intriguing

[harrogate] 05/7/2021 06:43

Interesting news about TCAT. We should finally see what this is all about and what it might be worth as a separate entity outside of OMIP core business. If this really is a major anti piracy tool that can create growing SaaS revenues it could be worth a substantial percentage of the current share price. For me this is the big opportunity to have a step change in the share price.

[harrogate] 05/7/2021 06:33

Interesting news about TCAT. We should finally see what this is all about and what it might be worth as a separate entity outside of OMIP core business. If this really is a major anti piracy tool that can create growing SaaS revenues it could be worth a substantial percentage of the current share price. For me this is the big opportunity to have a step change in the share price.

[spin doctor] 28/6/2021 08:28

On a different scale, but with more of an eye to value, OMIP reports shortly. Recent Harmony/catalogue will not have fed into results yet of course, and there have been currency headwinds, but the forward-looking qualitative statements will be interesting, and broker forecasts to follow.

[yump] 22/6/2021 17:57

The buying of tracks that many people will recognize should make the share more popular, if only because I certainly had no idea whether some of the earlier catalogue acquisitions were life-long earners or not.

Its a bit more obvious these last three are !

[spin doctor] 22/6/2021 08:56

Nice buy. Timeless tracks. That I can hum.

[tiltonboy] 22/6/2021 08:24

Played Always and Forever at my wife' funeral

[cheshire man] 22/6/2021 07:00

One Media iP Group Plc Acquisition of Rights
22/06/2021 7:00am
UK Regulatory (RNS & others)


TIDMOMIP

One Media iP Group Plc

("One Media" or the "Company")

Acquisition of Rights

One Media iP Group Plc (AIM: OMIP), the digital music rights acquirer,
publisher and distributor, is pleased to announce that it has acquired the
producer royalties to three Heatwave's albums produced by the legendary record
producer Barry Blue: 'Too Hot To Handle' (1976), 'Central Heating' (1978) and
'Current' (1982) ("Acquisition").