One Media Ip Share Discussion Threads

[yump] 10/11/2023 09:04

Just looking back to interims:

£182K said to come from TCAT trials. (Lets ignore the usual quote of the % increase over previous year as thats a silly comparison - sadly seen in so many RNS’s when in the startup stage - do they think investors are stupid ?).

“ Continued growth and expansion of TCAT client base, with internationally recognised songwriters, two majors and several independents among those now either trialling or licensing TCAT's software”

So does that mean some clients are licensing rather than trialling ? In which case I’d like to know whether the licences are fixed £ annually or related to something else. ie. What capacity is there for them to expand ?

At the time of the recent appointments to the TCAT team, the “impact of TCAT on the industry” was mentioned.

I don’t think 180K is an impact on the industry.

Very tired of words. Next update crucial imo. I want to see this “impact” explained in money and particularly what “potentialR21; means in possible £ terms. What’s the market size ?

Because if two majors and several independents have only generated £182K, where’s the potential coming from ?

[spindoctor111] 27/10/2023 12:08

You see what I mean...

[spindoctor111] 23/10/2023 15:39

We have to remember that we are probably on a new floor with a fireman's pole in the middle!

[qs99] 23/10/2023 14:59

Yes would be nice to see a few TCAT contracts and the new head of sales having an impact! DYOR

[clocktower] 23/10/2023 13:57

Heading up at long last once again, maybe TCAT is catching a few eyes.

[harrogate] 18/9/2023 15:52

A bit of interest today. Could easily sell a chunk at 6.9p. Hopefully found a new floor.

[yump] 14/9/2023 22:52

Not sure many people want a small stock as a sizeable investment as an income stock. Risks are too high. At the moment with safe returns at 5-6%, discounts to NAV don’t really mean much for the big stocks and certainly not for tiny ones. Perhaps that will change.

Bit different if you’re getting a very fat dividend from a private company where the number of shares has been carefully limited.

All eyes on TCAT for me.

[harrogate] 14/9/2023 10:20

Given I have been an OMIP shareholder for over 12 years I am patient. But what you need to feel in these situations is that management are laser focused on value creation and I am not as confident on that as I would like to be. Given the recent announcements by RHM and Song that show they are prepared to take action to release value I hope that the management here are also at work and we simply don't get more moaning on about the share price on MI Twitter

[spindoctor111] 14/9/2023 10:14

Vast majority of my investments are unquoted so I am used to (a) v prolonged investment period and (b) v wide dispersion of outcomes. I have no strong future quantitative view, tho I think the 5M spend estimate may be a little toppy.
Qualitatively I hope simply for TCAT and team to deliver on their potential, to be well supported whilst under OMIP's wing, & of course to be spun out successfully in the next 2 or 3 years.
Worst case it fails to deliver meaningful revenues and is euthenased.
There are competitors but it is a rapidly developing market.
The recent brief Proactive TCAT CEO interview (Nick Stewart) is worth a listen if you haven't already.

[harrogate] 14/9/2023 08:49

Clearly that is the plan. I guess we will have spent £5m on TCAT by the time we sell. As a shareholder what value would you be happy with for TCAT when it happens?

[spindoctor111] 14/9/2023 08:25

That is the opportunity.
People will care when that outcome crystallises one way or the other.
The current 'nano-conglomerate' structure will not remain in place indefinitely.

[harrogate] 14/9/2023 07:43

Yes I agree. The issue is that no one really cares while we spend all our hard earned on TCAT without knowing what return and when we will get.

[spindoctor111] 14/9/2023 06:48

Interesting news from SONG / Hipgnosis today: moderating debt, more focus on older music. Validates the OMIP approach.
Note the multiples mentioned are much more generous than OMIP purchase and valuation numbers.

[yump] 12/9/2023 21:30

I think excitement of some sort is most likely to do the job. Its not really an income stock, so NAV is a slightly odd thing to have in announcements. Can’t do any harm I guess.

[spindoctor111] 08/9/2023 14:26

With operative NAV around 20p, large shareholders will be looking at rather more than 8p.
Corporate event likely to drive abrupt narrowing of discount to intrinsic value at some point IMV, but it could be a year or three.
Intend not to top slice.

[clocktower] 08/9/2023 12:32

The news should help it get back to 8p I assume and before we see profit takers or top slicing which most of us may do.

[harrogate] 08/9/2023 08:26

That is a fair point

[spindoctor111] 08/9/2023 07:58

Targets are off the radar until they are on the radar.
Then all hell breaks loose.

[yump] 08/9/2023 07:57

Unlikely I suppose but you never know - perhaps TCAT involved in developments like this…

[harrogate] 08/9/2023 07:09

SONG up 14% but we stay unmoved. We really are off the radar

[harrogate] 08/9/2023 07:02

Round Hill music bought out today at a near 100% premium to the share price - only 15% discount to NAV. Not the same of course but it does show the massive discount OMIP is on that TCAT funding is partly to blame for.

[yump] 05/9/2023 15:04

As long as its not a begging bowl…

[clocktower] 05/9/2023 12:10

At least they had the cash available to buy in.

[harrogate] 05/9/2023 06:57

Nice to see some activity in the core business.