One Media Ip Share Discussion Threads

[yump] 29/3/2023 10:20

Yes, lost count of the number of times there’s xxx% revenue growth in floated small businesses. Usually from a revenue of £1 ;-)

[harrogate] 29/3/2023 09:29

It might do but surely we need to know what TCAT is doing now? The broker note talks about exponential growth in FY24 for TCAT revenues but that is meaningless without knowing from what to what. It can't be massive in FY23 though as overall revenues not growing a lot. That is why no one is likely to buy any shares at the moment. What if TCAT investment goes on for another 3 years.

[clocktower] 29/3/2023 09:07

This appointment should open the doors for TCAT and if it does it could be big in 12/18 months time:


A reminder from the RNS today:


"During the year, the TCAT business plan was progressed under the stewardship of Nick Stewart, following his appointment as CEO in February 2022. Nick has over 40 years of music industry experience, having held senior roles at Universal Music and Warner Music among others. Since stepping into the role, he has been leveraging his network and industry knowledge to further establish the TCAT brand and develop its customer base."

[yump] 29/3/2023 08:56

I suppose they’re in a good position, having their own catalogue to test TCAT on. A pure tech would have to borrow someone else’s. I imagine the big labels will be working with some tech businesses - lets hope those include OMIP - at least there’s direct experience here.

[harrogate] 29/3/2023 07:45

Yes this is completely stuck until we sell / monetise TCAT which doesn't sound that imminent. They really should be showing TCAT numbers - as a separate line so we shareholders can see what is actually happening here. Clearly not expensive but with no content acquisition only so much growth they can squeeze out of the 240,000 songs. Could be a long haul here now. But a TCAT deal would change things

[clocktower] 29/3/2023 07:33

Take out TCAT ongoing investment and one would have very impressive results.

If TCAT revenue starts to increase by any significant amount the picture could change rapidly imo.

As I cannot see much improvement in the share price I will hang back before re-investing but any sign of TCAT coming into it’s own and I will, as with asset value being so high, it could attract a bid imo.

Good luck to those that have been buying of late.

[clocktower] 02/3/2023 11:36

Seller and buyer again today - it seems to me that someone is building a decent stake on the cheap - I may put my toe in the water again very soon.

[clocktower] 01/3/2023 13:40

I thought I would pop in and see if there had been any comments since my last post.

Little interest around for the stock even though the share price is very low but when I checked I notice there has been both the odd buyer and seller around the current price over the past month or so but little else of interest going on.

Poor TCAT dragging the stock to where it stands it seems. So much hope, so little to show for it to date.

[yump] 19/2/2023 17:11

Well I suppose one day we might find out if TCAT is bringing in more than its engineers are collectively earning.

[spindoctor111] 10/2/2023 09:47

Good questions above.

LinkedIn. Job Openings. 09/02/2023
TCAT
Software Engineers - all levels
TCAT has a small but established team of Software Engineers in Belfast and mainland UK and has an existing client base of major labels and distributors. We are now actively recruiting for Principal Software Engineers, Senior Software Engineers, Software Engineers and QA Engineers to join us on our journey.

[clocktower] 06/2/2023 10:21

Really bombed out now but not surprising when they spoke about alternative funding that they are not going to do (so they say at present) They have created uncertainty with the last RNS.

In addition, I am wondering if some of the old assets are now overvalued and not bringing the return they were expected too.

So are they a bargain at 5.5p or have they further to fall?

Although I had held for some time I sold - so currently out for the record.

[pugugly] 03/2/2023 18:57

yump - All your note covers very critical points points for a potential investor and until the company clarifies I will be sitting on the side. I trust that you get clear answers to the points you raise.

Also having just had a look at their web site
going no further as flagged NOT SECURE.
Why no have https. Potential red flag but I am not sufficient internet savvy to determine the risk -
Thoughts - advice?

[yump] 03/2/2023 18:19

Quite frankly, its about bloody time MI told investors what sort of contract values have been obtained for TCAT. There doesn't need to be any disclosure of confidential information.

I remember that TCAT was supposedly being used by some major labels years ago. So what revenues were generated ?

If they're going to invest quite a bit in it, what are the prospects.

Sick of all the talk and its been going on for a long time. Not interested in the music industry being in good shape, I want to know wtf is expected for TCAT and what contract values are currently contracted.

Am I invested in some sort of experimental and interesting startup, that will save artists and labels a lot of money, in return for a nice percentage, or something that is just generating a few quid.

In which case I would like it to be known that I love music, but I'm not a charity for hard up musicians.

I mean, crikey, I have investments in a few renewables businesses that haven't even put a shovel in the ground yet, but they have at least some agreements and MOU's with other businesses, to take output.

Given that TCAT has been around a long time, is the problem that it is chasing a moving target of sneaky illegal publishing ? Why mention it years ago, if it was just a bit of software on someone's laptop ?

[harrogate] 01/2/2023 13:44

The Cenkos note - available on MI Twitter feed - lays bear what a pickle we have got ourselves in with TCAT. We will have spent over £5m I would guess and no idea what it might be worth. No more content purchases for the foreseeable and 2023 forecast slashed as we spend all our money on TCAT. Unless it is sold for £8m or so the whole thing looks to have been a massive distraction. Instead of TCAT being the golden egg it is looking like the a stone weighing us downUntil that is sorted not sure why anyone would be buying

[clocktower] 11/1/2023 10:44

I was reading this story a short time ago about a crackdown on the pirates on video streaming, and I wondered if TCAT software was involved in this type of crackdown in any way.

[spin doctor] 09/1/2023 15:52

I agree that there is a v interesting story to tell. The sector. The tech itself. And indeed the TCAT devt people and the NI software ecosystem they inhabit.

[spin doctor] 09/1/2023 15:50

Yes. But do they own the rights?

[yump] 08/1/2023 17:23

OMIP need to make a bigger song and dance about TCAT.

Sorry!

[yump] 07/1/2023 16:15

I guess at the moment OMIP doesn't really know what it's identity is. Perhaps that's the biggest issue.

Given the general level of interest in streaming, Spotify, royalties, music in general online, tech. etc. etc. I feel they should be making a much bigger noise about TCAT.

I wish, in the past that I'd had a business that just generated cash, so that I could have invested in some new tech, instead of having to go the stressful route of borrowing against assets. Turned out OK fortunately.

[clocktower] 06/1/2023 13:16

harrogate - As you say NAV 20p is what keeps us here - add to that the huge potential that TCAT could bring if a big player saw the potential and wanted it on the cheap.

ok not 50p but it has potential to reach 30p in time imo.

I should add the growing income stream supports the higher valuation going forward.

[yump] 06/1/2023 12:42

Maybe its just too small for the NAV to be relevant (ie. too small to be an income stock) and its better off pursuing TCAT, even if it takes a year or so.

Unfortunately the revenues from TCAT have always been a mystery, but there is a continuous supply of worries and complaints from artists about loss of income through free and unauthorised use of their work.

At least streaming and TCAT have the market forces behind them.

[harrogate] 06/1/2023 11:47

I am a large and very long suffering shareholder here and I hope you are all correct but I think you are all living in cloud cuckoo land.
There is nothing here that will trigger a significant rise up and I suspect there are quite a few sellers that will come out even at a few % higher.
We have a content business that can't seem to get valued at a decent % of NAV - and no sign that is going to change and we haven't solved the mystery of how we can buy more content at 11 x NPS when we are valued at less than 5 x NPS
That core business is using all of its free cashflow to invest in TCAT and we have no idea what it is actually doing apart from some nice warm words. They clearly couldn't get it funded at the valuation that MI wanted so we continue to fund it ourselves - it is a black hole as far as shareholders are concerned. To get a share price of 50p TCAT would need to be valued at around £85m - Let's be generous and say we could sell it as a SAAS business at 7 times revenue - it would need to be doing, or about to do £12m revenue when it is currently doing close to zero. Come on guys.
I am sure these businesses need to be separate and to get value out of each both need to be sold.
I am holding as the NAV is close to 20p but really so "what might" be the question on that given the lack of any sign that the gap to share price can narrow.

[clocktower] 06/1/2023 11:43

That did not last long, I guess some cannot wait to dump on any rise. So back to sleeper mode on this one. Wake up in March again I expect on results.

[clocktower] 06/1/2023 10:59

Well I noticed it just got in ADVFN's list of top rises at number 10.

That should attract attention.

[microscope] 06/1/2023 10:41

Interesting that it mentions TCAT decisions were taken in conjunction with major shareholders. Wonder if that'll be enough to satisfy those who voted against MI at the last AGM.