UBC Media Share Discussion Threads

[tullynessle] 11/4/2014 10:12

Extract:

"We also have a lot more new stuff coming your way over the next few months. So stay tuned – and thanks for being part of Audioboo."




More minutes – no catches, no deleting.

We've been looking a lot at the way people use Audioboo over the last year. Our way of doing things – letting people record as many clips as they like, so you never need to delete a thing – has always worked well...

But we think we can do more.

While three minutes is great for something short and snappy like an audio blog or a message, it often isn't quite enough for an interview or a class project. And for Plus podcasters, half an hour might not be quite enough to pack everything you want into a show.

So... we've increased the limits.

Continued.........

[phsycho] 07/4/2014 22:35

Not sure UBC is in that bubble Mach.. but some recent IPOs do raise eyebrows..

[mach100] 07/4/2014 21:24

Maybe they will convene a shareholders meeting at best. I expect things to run to the end of May. Urgency and UBC are on different wavelengths! Mind you with the long awaited bursting of the tech bubble possibly underway, now might be a good time to be tuned out of the market.

[tullynessle] 07/4/2014 20:40

Should we expect an update this week?

Extract:

"UBC is pleased to announce that it has now signed Heads of Terms with 7digital, outlining the detailed material terms of the potential acquisition of 7digital by UBC ("the Acquisition") and has agreed a period of exclusivity up to 4 April."





UBC Media Group PLC

17 March 2014

UBC Media Group plc

("UBC" or "the Company")

Update on Proposed Acquisition and Audioboo

(News Release follows)

[euclid5] 03/4/2014 16:22

soumuwin - 5 nominations across our production companies in Radio Academy Awards doesn't lift our share price & we don't know the dilution factor or fund raising price to merge 7Digital into UBC

[smithie6] 03/4/2014 16:20

BTW
IMG is on a roll recently....sp rising steadily

(IMG, strategic stakeholder in UBC ...and imo providing a lot of the strategic planning....since much bigger and with global sales...and linked to various other global companies incl Apple)

[someuwin] 02/4/2014 20:49

simon cole ‏@uksimon 6h
Very excited. 5 nominations across our production companies in Radio Academy Awards #RAA14. Tremendous work @uniqueprodco & @ubcsmoothops

[tullynessle] 31/3/2014 12:46

I am not technical in any way - does the following have any niche in social media?




How To... BooMail-send your clips via email

If you're on the go, working from a desktop, want to automate sending us clips, or want to send an edited clip from another app on your phone, there's an easy way of using Audioboo via email.

BooMail is a simple service - with one-time registration - that lets you tie an email address straight into your Audioboo account.

To get set up:

Continued....

[tullynessle] 31/3/2014 11:10

Should be progress update this week?




RNS Number : 4299C

UBC Media Group PLC

17 March 2014

UBC Media Group plc

("UBC" or "the Company")

Update on Proposed Acquisition and Audioboo

Extract

".........and has agreed a period of exclusivity up to 4 April............"

[smithie6] 29/3/2014 11:55

btw
(& apologies for OT post)
Synety
personally....Synety...bad on the risk/reward situation imo...needs to increase turnover 800% just to be at break even ! never mind make a profit
maybe they'll do it...but too high a share price for that risk imo
and personally I wouldnt invest in the sector for internet phone calls (price war area)

Trak8
imo uninvestable since the dirs. control over 50%
and they seem to operate the co. for their own benefit and NOT for shareholders.
imo their acquisition of BOX and treatment of shareholders was immoral and imo illegal....

so many companies, if possible I avoid companies with dubious director conduct...often ends in tears (OCH, MOS, Globo, CPP, Cupid et al, AIM is littered with them)

(they allowed themselves to subscribe for lots of shares at 22p while not allowing shareholders to, and Company Act requires equal treatment of all shareholders)

co. operates around break even, no divi. and now has a sizeable debt relative to cash generated....so shareholders may never get anything
cap. value is around 3 X turnover, + high debt/cash generated. Expensive imo.
...tracking companies, "lots" of competition, C21 and various others in UK, USA etc

(at 22p it was probably a buy but now at over 50p personally I dont think so

[euclid5] 21/3/2014 20:04

he replied saying they diluted the conv bond down as part of the sell to list so they are left with a total 20% wi in Audioboo

[smithie6] 20/3/2014 15:17

"It's a shame we have to wait another 10 weeks before re admission back to AIM – but depending on how they value 7Digital we may get diluted down from 6.5p "

dilution

on one hand dilution of the part we own of UBC IP
but also strengthening by having a part of new UBC (7Digital) that can exploit that UP (and partnered already with IMG to also help exploit that IP...both active globally and much bigger turnover than UBC)

and probably strenthening also via some cash to help that exploitation
and also hopefully some new partners, again to hopefully help exploit that IP

(a lot of IP never sees the light of day....or its exploitation fails....such as by missing the time window..
(and recalling that UBC failed in was it 2009 to roll out its IP (1Click)
those things would be a bigger % risk if UBC stayed on its own as it was

pros and cons to both approaches...being part of a bigger team looks a logical step imo ....there's a big global market out there (even though I also dont like the idea of any dilution !...I think it is the best overall action in this case...)

[euclid5] 19/3/2014 10:21

I sent twitter to ceo today asking about the convt loan to which UBC will own 52%

will post reply if/when received

htxxp://www.investegate.co.uk/ubc-media-group-plc/rns/trading-update-and-further-investment-in-audioboo/201310230700091445R/

Following the current round of funding, which is due to close at the end of this month, it is expected that UBC will hold 34% of the ordinary share capital of Audioboo. If UBC and other shareholders converted their current loans into equity, UBC would hold 52% of the ordinary share capital of Audioboo on a fully diluted basis.

[euclid5] 17/3/2014 19:10

Hello Smithie,

I calculated my figures based on One Delta owning 80% of AudioB – but we haven't been told what the other invest's have reduced to to know what exact perc% One D will own upon the RTO – come 20 March

UBC CEO mentioned to me today that AudioB will have an approx value of £8m so their 20% will be worth £1.6m - based on 1.5p market price.

I thought that they should of got paid to reduce down by 19% & not have to subscribe to shares

Shame we were not told of the Conv B where by UBC could convert & own another 52% holding as per Sept 12 accounts – I may ask SC in twit tomorrow – to see what he says about this CB they have / or had

IMO – the price / value comes across quite poor indeed – considering they are targeting up to 10m paid members by Jan 2015 – if they get that target that is – figs confirmed to me by RP CEO of AudioB last Nov by email

UBC Media:

It's a shame we have to wait another 10 weeks before re admission back to AIM – but depending on how they value 7Digital we may get diluted down from 6.5p – but we gave to wait for the admiss doc to see exact details & which new Inst's holders will back the merger

[mach100] 17/3/2014 16:17

Got to wait until we see the terms of the merger Euclid. I have been sniffy about the shenanigans since the beginning. I welcome the flotation of Audioboo because if it gets backing and rockets then UBC's holding will make our market cap very attractive indeed. Yes another 19 weeks to wait before re-listing. I hope the new entity will be attractive to investors. I will be happy in the end if I get more than 6.4p for UBC shares and if Audioboo rockets. Otherwise I wont be a happy bunny!

[euclid5] 17/3/2014 10:40

Based on the info we have, am I correct is saying Audioboo's 80% valuation is only be valued at £3.485m?

so 100% value is only £4.356m

shame UBC shares will be suspended until end of May now

what are investors view on today's news?

[masurenguy] 17/3/2014 07:08

Update on Proposed Acquisition and Audioboo

RNS Number : 4299C
17 March 2014

UBC Media Group (AIM: UBC), the multimedia content and services company today provides an update on the proposed acquisition of 7digital Group, Inc. ("7digital") and on its investment in Audioboo.

Proposed Acquisition of 7digital

The Company announced on 25 November 2013 that it had entered into a Letter of Intent with privately owned 7digital with a view to creating a new publicly listed company combining the broadcast assets of UBC, including its investment in Audioboo, with those of 7digital. 7digital is a leading supplier of digital music services with a library of 25 million tracks. Both UBC and 7digital believe that the growth of digital music services is increasingly linked to the growth of listening to radio online and on mobile, creating a need for hybrid services which incorporate both radio listening, curated playlists and on demand music.

UBC is pleased to announce that it has now signed Heads of Terms with 7digital, outlining the detailed material terms of the potential acquisition of 7digital by UBC ("the Acquisition") and has agreed a period of exclusivity up to 4 April. The Acquisition, if consummated, would constitute a reverse takeover under Rule 14 of the AIM Rules for Companies and will therefore be conditional, inter alia, upon the publication of an admission document by the Company and the approval of UBC's shareholders at a general meeting. UBC expects to publish an admission document by the end of May 2014 and further updates will be made as and when required. In accordance with the rules of AIM, UBC's shares will remain suspended until the admission document is published or the Company confirms that the Acquisition is no longer taking place.

Update on Audioboo Investment

As announced previously, Audioboo, the fast growing audio social network, has been seeking further investment in order to support its development and growth. To that end, UBC is pleased to announce that it has signed non-binding Heads of Terms with One Delta plc, a cash shell quoted on AIM, to acquire the entire issued and to be issued share capital of Audioboo in a potential all share transaction which would leave UBC with a significant stake in the enlarged group. One Delta has announced today that it has raised £3,485,000 through the issue of new ordinary shares and confirmed the transaction. UBC currently holds 39% of the ordinary share capital of Audioboo. If the transaction completes as currently envisaged, UBC would hold just under 20% of One Delta plc.

Simon Cole, Chief Executive of UBC commented: "I am pleased that our strategy is progressing on track, and thank shareholders for their patience whilst we complete this transformation of the Company. Our aim is to create a new public company via 7digital which will be perfectly placed to exploit the rapidly developing market for online and mobile music services. The evidence is that the growth in this market will be in curated services which consolidate music and radio in one place and our new company will be perfectly placed here. Our strategic investment in Audioboo compliments this well and I'm pleased that today we have found a way to both finance Audioboo's future at a good valuation and secure value for our shareholders in any future growth."