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UBC Ubc Media

3.25
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ubc Media LSE:UBC London Ordinary Share GB0009021063 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.25 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

UBC Media Share Discussion Threads

Showing 2276 to 2296 of 2375 messages
Chat Pages: 95  94  93  92  91  90  89  88  87  86  85  84  Older
DateSubjectAuthorDiscuss
26/5/2014
18:53
Funny to see euclid5 getting destroyed on the IRG thread and exposed as a small time lying two faced pump and dump conman
stockonomist
26/5/2014
18:09
Hello Smithi6,

Thanks for your informative posts - which I fully agree with you - we have lost 50% in value after 6 monbths - SC has made a disaster of the value to s/holders

Appaling UBC will end up owning just 4% of Audkiboo - from 51%

Have you sent him your detailed analysis to see what he feeds you back?

Thanks
Mr E

euclid5
26/5/2014
12:54
A tip Smithie because I suspect NO ONE is reading your posts!, the sheer number of them is ridiculous and does nothing for your cause

Make ONE final post summarising the myriad before and rest your case, you are obviously vexed by this, but your influence is zero and continuing this assault of posts makes peeps who are interested ... Dismayed and bored

For what its worth I believe if you hold you will do well long-term with your investment

Cheers
S

sweenoid
26/5/2014
08:24
Why are new shsres not been offerred to existing shareholders .....underwritten/clawback so the institutions that want shares can take up unexercised rights ?

surely many/some UBC holders would like to subscribe for new shares at 2.7p if they want to obtain the tax relief....vs income tax if not CGT to pay for 2013...or CGT relief if due to pay CGT....
and hence pay 1.5-2p in practice...

Company Act requires pro rata issue of new shares to existing shareholders...

----

Perhaps Liontrust and Miton can not vote since they are obtaining new shares.....and have not given an undertaking to vote yes..since hence it would be unfair for them to vote...since they will receive new shares while shareholders cant

----

Liontrust and MIton will be allowed to obtain new shares

The MD will receive a wadge of share options....50-100% of his resulting holding in the merged entity....so his risk/reward makes the deal worthwhile

What is in it for normal shareholders ??

7Digital costs 16M to buy yet produces 5M annual loss....I cant not see, at present, the appeal of such a deal
perhaps the presentations make the backers ignore the terrible numbers...and believe the sales pitch

and brokers get 1.2M costs....so they are probably doing a good sales pitch !

smithie6
26/5/2014
07:58
up to 15% of the company can be issued as options to employees....

(probably around 20-22% of the numbers of shares before those new shares are issued !!)

if the vote is approved

wildy excessive imo

smithie6
25/5/2014
21:54
doesnt say the % of votes needed to get the merger agreed.

50 % or 75 % ????

smithie6
25/5/2014
21:53
Liontrust havent given a promise to vote yes.
smithie6
25/5/2014
21:35
p90
"It is anticipated that following Admission the Enlarged Group will retain current employee levels and
will look to increase the level of employees in line with the anticipated growth of the Enlarged Group."

but turnover is down 16% in first Q


and taken on 2 loans of 1M each...to cope with their high cash burn rate

??!!!

porky pies ??

smithie6
25/5/2014
21:26
Subscribers for new shares that are already shareholders in UBC.

A) 8.3M new shares (@ 27p)

B) Miton capital partners. 2.8M new shares

Subscribers for new shares that are already shareholders in 7Digital.
No visibility of data.

---

Insane imo that the 2 execs. from 7Digital will own 20% of the merged entity....
despite the company having raised 13M over the years...and now the process raises 6M more...and 1M from IMG
to make it 20M raised...

infers they would have had to have put in 6M pnds....
which they wont have...

How they manage to still own such a high % despite the repeated cash raising by 7DIgital...and its losses (13M losses added up)
so the cash raisings should have produced significant dilution for previous investors....
so that they still have 20%...I cant understand...

smithie6
25/5/2014
21:16
page 83. appears that the current UBC dirs. are not selling up in the merger process....

inferred imo by the RNS which does not list any holdings for them after the merger.
One assumes that the full pdf file version is correct.

so Paul Pascoe will still have 250k invested after the merger.....and he wont be getting a dirs. salary at the new merged co.

Simon Cole and Tim Blackburn will each have around 600k each invested still after the merger. Not relevant for S. Cole since he will be getting his dirs. pay and share options, could cloud his decision....but for Tim Blackmore he wont be on the new bod ...and he is staying invested....which is interesting.
----

And they are locked in for at least 12 months...and IMG and Goodman and Dolby
but not any UBC dir. that wont be on the bod at 7digital.

but it appears that instuts. buying large amounts of shares are not tied in.

------
item 6.2 is wrong imo. P84
says 100k when it is imo 1M

Well, the city boys are only charging 1.2M costs....cant expect them to get it right for such a low amount !! ;-)

Dont want to go giving investors the correct data do we ?!

smithie6
25/5/2014
21:07
USA
it could be the A preference share holder that has pushed this merger...
to protect their interests.....
since 7Digital was/is close to bankrupcy....
which of course the A preference share owner will want to avoid...

the A preference shares are $ denoted shares....
and Delaware is sunny USA...

perhaps a link there....

and helps them use USA law perhaps to call any court action to protect their $ A preference shares....

in a winding up they get preference over all other shareholders....
so normal shareholders would imo get 0....after the A pref. holder takes around 3M pnds I think....shares valued at 17$ in winding up. ah and acrued unpaid dividends. (the A share owners are not stupid !, reducing their risk)

Who is the A pref. share holder ?. subscribed in 2012.

smithie6
25/5/2014
21:02
Looks like new 7Digital is registered in Delaware...

so it does not have to comply with the UK Company Act 2006.

A negative factor imo.

And makes it very hard or impossible for a shareholder action group to take action against the co. or dirs. ...and puts that co. out of the hands of the FCA

smithie6
25/5/2014
20:54
"The shareholders of UBC will own 25 per cent. of the Enlarged Group (prior to the Placing). As the transaction is a reverse
acquisition then the goodwill and intangibles will arise on the difference between the fair value of the net assets and the purchase
price. The purchase price [for UBC by 7Digital] is assumed to be 25 per cent. of £22 million, being £5.5 million"


BUT

the value that UBC holds in Audioboo shares is 5M !!

so

7Digital is getting the rest of UBC including 2.8M of cash...

for 0 !!

where else can you get 2.8M of cash and patents valid in EUrope, Auz, Canada and awaiting granting for USA and around 3M of yearly turnover incl. digital radio apps

for 0 pounds !!


Insanity if people vote yes to this imo.

smithie6
25/5/2014
20:44
back after a break
to do a bit more of UBC merger document.

5.9M was received for issuing perference A shares in 2012.
(seems what 7Digital and Ben Drury are best at is repeatedly raising more money !
...he must be a good salesman !!


maybe better as raising cash than controlling the spending of it.
...company operation in 2013.....looks negligent imo.
ballooned operating costs....while turnover stayed flat...and oper. losses doubled...to be half of operating cost....50% !!! arghhh
ie. need to HALF oper. cost to get op. loss to breakeven

1) sack most of the staff taken on that would not receive redundancy pay from the company unless their work is just about to bring in massive jump in turnover and profits

2) reduce the average wage by 16% to cancel the 16% rise of average wage in 2013. Nuts.
----

the A preference shares acrue dividends even if not paid...
and have a right to 17$ per share.....

---

in 2013 op. lease costs went from 80k to 266k.
At same time as turnover stayed flat and op. loss doubled from 2.5M to 5M
leaving 7Digital bankrupt imo ...with negative current assets...and needing an emergency 1M loan from UBC.
and 1M from IMG in May 2014.

Insanity and NEGLIGENT bod of 7 Digital imo.
part of the reason imo that the MD wont be the MD in the merged company.
they have moved him out of that role

smithie6
25/5/2014
19:23
753k due over 120 days !!!!
smithie6
25/5/2014
19:22
If anyone thinks I am an idiot...

check out the Mobile Streams blog on the website

fulltimeinvestors.com

I spotted the looming problems there.....months before the share price went from 70p to 18p now. My posts are there....right on all counts I think.

smithie6
25/5/2014
19:01
7 Digital has spent around 7M over last 3 years on R & D.

I would perhaps value 7Digital at 7M ...way way below its value in this merger.
...I dont value its loss last year of around 4.5M very highly !!

Any R & D from more than 3 years ago....is probably now out of date, been replaced anyway and hence worthless.

7M would be a value similar to current mkt cap of UBC.
If the merger terms were changed....then the cap. value of UBC would probably increase....since I think that shareholders and the mkt know that UBC is not getting a fair deal with the current merger terms.....being valued at less than cash held once remove value of Audioboo stake.

smithie6
25/5/2014
19:00
Ok fair enough will leave you alone,just don't let your emotions cloud your judgement,no company rewards shareholders for there holdings. Your director has sold out & ask yourself why he has done this. You will not get a unbiased opinion from a holder of UBC.
gekko68
25/5/2014
18:54
Gekko
Do me a favour please....

please go somewhere else if you want to spam or repeatedly ramp

This is NOT an audioboo message board.

If you want to discuss UBC merger with 7Digital in a logic way....perhaps with some comment wrt Audioboo ...then fine...
but please dont come on here and just post "buy Audioboom"

----

I am trying to get my opinions across...to anyone interested to read them...

I didnt set up this board or analyse the UBC merger document and post my opinions for free.....just so you could ramp Audioboo.

(btw, I like Audioboo...and the value of the UBC stake in it....as you can see in my posts...but I dont want to dilute that stake by merging with 7 DIgital.)

Thanks.

smithie6
25/5/2014
18:49
roughly 5M gross profit...and 10M op. costs...to produce 5M op. loss.

imho need to multiply turnover X3 in order to break even.
and by Dec 2014.
I cant see them doing it. imho...completely impossible.

Turnover by 300% to get gross profit of 15M ...and assuming that to do that that op. costs would increase by just 50% (very optomistic)

then gross profit is 15M (on sales of 30M, impossible imo since sale are down 16% in 2014) and op. costs moves from 10M to 15M...

to give break even.


----

COMPLETELY IMPOSSIBLE in the short term imo.

WHY ?

Turnover was flat between 2012 and 2013.
And has fallen 16% in 2014.
----

Hence imo shareholders should consider imo to vote NO !!

smithie6
25/5/2014
18:47
Here is a holding RNS from Audioboom,why do you think all these companies are buying up these shares,there pumping in quite allot of money & there is no sign of it slowing down. I never seen this kind of buying in such small company,have you?

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached: ii
AUDIOBOOM GROUP PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights
ΓΌ
Other

3. Full name of person(s) subject to the
notification obligation: iii
HARGREAVE HALE LIMITED
4. Full name of shareholder(s)
(if different from 3.):iv
DISCRETIONARY CLIENTS
5. Date of the transaction and date on
which the threshold is crossed or
reached: v
20 MAY 2014
6. Date on which issuer notified:
21 MAY 2014
7. Threshold(s) that is/are crossed or
reached: vi, vii
12%, 11% and 10%

gekko68
Chat Pages: 95  94  93  92  91  90  89  88  87  86  85  84  Older

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