Responzetv Share Discussion Threads

[fur] 04/9/2007 10:30

quite a bright light actually. sales growth. profit at operating level. financing costs only drag on bottom lione profit. only about 2 months of trading in these results of the new business.Very good from my point of view, though this oasis dkr business needs further clarification. I think they need their money back and do not want to convert for shares as I said earlier. though these results should give them comfort that they get shares in something that is turning around rather than drifting.

[strangeglow] 04/9/2007 09:36

elevenfold improvement to earnings and still cant turn a profit.see nothing in these results to make me any cheerier about the future prospects.

[dubois] 04/9/2007 09:19

GuyDaynes

These guys have to make millions in profit in order to get paid. They are people of proven ability. There is absolutely no reason why Full Year wont be 5m profit. Rememeber a lot of the new business is not included in these figures.

[guydaynes] 04/9/2007 09:12

Lots of questions unanswered, but at least it seems we're moving in the right direction. Guess we're still in for a long wait yet to see if this time they can buck the trend.

[dubois] 04/9/2007 09:10

Fur,

What do you reckon then. There good results and i expect they have done their best to keep the figures at a loss. It will have a bigger impact on the full year.

Not sure how they impact on the delay announced the other day with Oasis

[gerri-c] 04/9/2007 08:40

Blinking here too - stunned in fact! :-)

Now what about the debt?

[palwing] 04/9/2007 08:33

Looks blinking good to me...

[knowing] 04/9/2007 08:21

Current Trading and Prospects


The Board anticipates that trading in the second half will continue to show
further improvement.

[knowing] 04/9/2007 08:16

Responzetv Interim Results


RNS Number:2369D
ResponzeTV PLC
04 September 2007



4 September 2007


ResponzeTV PLC

Interim Results 2007



ResponzeTV PLC today reports its interim figures for the six months to 30 June
2007:



Business Highlights:


*Major corporate, strategic and operational changes have established
foundations for success


*Early improvement in results are starting to show


*Two major US acquisitions completed and a new UK channel joint venture
launched


*Integration of product development and sourcing combined with
international distribution through infomercial and TV home shopping
distribution businesses


*Strong sales growth in the US and other major international markets from
sales offices in the US, Europe and Asia


*New products launched on infomercial and TV home shopping channels, with
a pipeline of further new products



Financial Highlights:


*Approx 1000% (11 times) sales growth


*Approx 1900% (20 times) improvement in gross profit


*Significant reduction in losses to US$360,000


*Operating profit of US$34,000




H1 2007 (US$) H1 2006 (US$) Approx Change
Sales 12.72m 1.16m 1000% (11x)
increase
Gross Profit 7.58m 0.37m 1900% (20x)
increase
Loss from continuing
operations (0.36)m (4.10)m 91% reduction






For further information, please contact:

ResponzeTV PLC
Steven Goodman, Executive Chairman
Tel: + 852 2295 1161

Evolution Securities Limited
Bobbie Hilliam
Tel: [phone]





ResponzeTV PLC

Interim Results 2007


Review of Trading


In the first half, the focus was on the integration of Reliant and Famous
Discoveries, increasing distribution capability and the development and launch
of new products. As a result, the Group now develops and sources products
through its international supply business, and has international distribution
through its fully integrated infomercial and TV home shopping businesses.


Product launches have included the 'Pressa Bella Steam Iron', the 'Mirabella
Steam Mop', 'Tru Color Sunglasses' and a number of branded items such as Chef
Robert Irvine's kitchen products and the Professor Amos and 'Stainz-R-Out' lines
of cleaning products. The Tony Little branded 'Rock n Roll Stepper', which
started testing in June 2007, has launched to particularly successful early
results and is expected to generate significant revenues in the future. More
product launches are in the pipeline and the Company aims to have a continuing
flow of products at different stages of development.


International distribution now comprises Reliant's infomercial business, Famous
Discoveries' home shopping business and supplies of products to third party home
shopping operations in key markets in North America, Europe and Asia from sales
offices in the USA, Europe, Hong Kong and Taiwan. In the UK, additional
distribution is provided through the 'Shop Now TV' infomercial joint venture
channel. The Company has also established a joint venture with a TV home
shopping channel to provide infomercial distribution for its products in Canada,
and targets to enter into similar arrangements in other markets.


The Company is targeting to become a leader in the development and sourcing of
products, the production of media and the distribution of products on leading
infomercial and TV home shopping channels in the principal home shopping markets
around the world.


Senior Management Changes


The period saw a major strengthening of the senior management team. On
completion of the acquisition of Reliant in January 2007, Kevin Harrington and
Tim Harrington joined the Board as Group Chief Executive Officer and Group Chief
Operating Officer respectively. The senior management team was further
strengthened on the acquisition of Famous Discoveries in March 2007 by the
addition to the team of Akos Jankura and Bill Barlow. They each bring
significant experience and expertise in the infomercial and TV home shopping
industry.


Results for the Period


The above mentioned changes were instrumental in producing significantly
improved results for the period.


Turnover for the period, of US$12.72 million, represented an increase of
approximately 11 times on the US$1.16m achieved in the same period last year.
Gross profit for the period was US$7.58 million, an increase of approximately 20
times on the US$370,000 achieved for the same period last year.


The loss for the period of US$360,000 represents an approximate 91% reduction on
the US$4.10m loss for the same period last year.


The Group achieved an operating profit for the period (excluding finance costs)
of US$34,000, compared to a US$2.75m loss in the same period last year.


A significant part of these improvements reflects the contributions of Reliant
and Famous Discoveries, although the period also saw continued improvement in
the International Supply business. Each of these businesses have benefited from
being brought together. The launch of the new UK Channel 'Shop Now TV' at
end-May 2007 was too late to make a meaningful impact on results in the first
half, but is expected to contribute to further sales growth in the second half
of the year.


These improvements have taken place during the initial period of integration of
the new businesses, developing the Group's distribution capability and focusing
on the development of new products and projects for launch in 2007 and beyond.
As the Company moves through this initial integration and development phase and
into a period of focusing on further sales growth, the Board expects to see
continuing improvement in results for the rest of 2007 and into 2008.


Current Trading and Prospects


The Board anticipates that trading in the second half will continue to show
further improvement.

[dubois] 03/9/2007 21:57

Why is it easy to wait three months but difficult to wait a few days. Strange really

[fur] 03/9/2007 19:10

now that is odd, 1 share all day.

[fur] 03/9/2007 10:27

tick tock tick tock

[fur] 31/8/2007 15:23

looks like monday then, on labor day so the Harringtons don't get embarassed

[guydaynes] 30/8/2007 10:15

Fur
Re the results, then you're right - I can't count. I was convinced the interims must be released by the end of trading tomorrow, but we could still have another month. Maybe this business with Oasis is a hint they will be sooner though.

[strangeglow] 30/8/2007 09:29

so, the allegedly stunning results are tomorrow are they?

bid/ask down again.yawn.

just saw the announcement so what are they worried about?if they cant find the 1,5 mill stg to cover the note then they cant be making much money.1.5 mill,jeez is that all.still a penny ante outfit with big ideas.the only logical reason is that they are fretting about oasis calling the loan in.presumably postponing the due date til after results.listen if the had the cash surely they would have repaid it?suggests to me they dont.

[fur] 24/8/2007 11:27

The loan notes convert at the share price at that time as far as I can see and they have not called for conversion; I presume this means we cannot repay them or refinance it at this point.

[dubois] 24/8/2007 11:24

Still dont understand the selling. No point at this period in time.

[guydaynes] 24/8/2007 11:00

Looks like we are not the only ones wondering what the results will be like.

[guydaynes] 23/8/2007 14:17

For AIM listed companies, Interims must be released within 3 months, and full year accounts within six months. So for RETV, interim results for 30th June must be released no later than 31 Aug. Last year they were released as late as possible, but the full year this year were relased after approx 4 months. So they could be any time this week or next.

God only knows what they will be like. With so many dissapointments over the years I've long since given up trying to guess. It's perhaps worth reminding ourselves this will be the first chance we get to see how Reliant are performing - the news of the acquisition back in early January gave no clues. There's also Showcase TV, but given the launch was not until late May, then any impact will be small. An update would be nice.

I can't help but feel these results will be "make or break". It may be early days for the changed company, but unless there is clear evidence of progress then I suspect most of us left will be thinking along the lines of "Oh God. Here we go again."

Here's hoping...