UBC Media Share Discussion Threads

[hazl] 28/5/2014 12:23

Who knows?
I guess mms marked it down for a reason just hope that 7digital has something going for it and we improve through that vehicle.

[euclid5] 28/5/2014 11:50

UBC holders have had their wi in Audioboo reduced as Smithie6 confirmed down from 51% to 4% after 7Digital merger

[smithie6] 28/5/2014 11:39

I've been posting -ve factors...

be useful if someone can post +ve factors about 7Digital merger...to have some balance
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Sweenoid
Merger document.
What happens to the 1M lent to 7Digital from UBC ?
I could not find a clear explanation of that.
IMG get shares for recent 1M loan to 7 Digital.
And the UBC loan ??

[sweenoid] 28/5/2014 11:38

I disagree I think it still remains at 19%

One of us is right, if I am wrong I apologise profusely , I too would be severely upset if it was 4%, but as a holder this takeover/merger is the ONLY way forward in my opinion

That's the last post from me till this is clarified

S

[sweenoid] 28/5/2014 10:42

So, do we have 4% of Audioboom as Smithie says or 20% as the reverse takeover document shows

If I am wrong I apologise and will never post on here again but if I am right then Smithie has a lot of explaining to do???

S

[sweenoid] 27/5/2014 22:24

Where is this 4%coming from ???? Looks like its 20% to me

As Audioboo continued to show promising development and at the same time required further funding, UBC increased its involvement, consolidating its shareholding with that of Imagination. UBC currently holds 51.62 per cent. of the ordinary share capital of Audioboo and has made loans to Audioboo which are convertible into shares of Audioboo. On 2 May 2014, UBC announced that it had signed a sale and purchase agreement with One Delta, a cash shell quoted on AIM, under the terms of which One Delta agreed to acquire UBC's holding of ordinary A shares in Audioboo for a mixture of new ordinary shares in One Delta and warrants to subscribe for new ordinary shares in One Delta. Following completion of the acquisition of Audioboo by One Delta which is expected to occur at the end of May 2014, UBC will hold 18.9 per cent. of the enlarged One Delta group. Following exercise of the warrants held by UBC, UBC will hold 19.9 per cent. of the enlarged One Delta group.

[euclid5] 27/5/2014 19:09

sweenoid - don't forget UBC has lost over 50% of it's value since it re listed after suspension & for UBC to end up with 4% of Audioboo is terrible imo & many others

smithie6 has made some very constructive & valid points

[hazl] 27/5/2014 18:19

Everybody is entitled to have an opinion and clearly smithie6 has put a good chunk of cash in to these at some point and wants to preserve his capital.
I don't have as an informed opinion as some of you guys, didn't have a vast investment...indeed was running on the profits....if you like.
I have seen rather too many of these sort of things happen before on the stock market to get worked up about it but it is possible that UBC just didn't have 'the clout' to be able to do much with the 'jewel in the crown' as it were and needed the merger to take place before it could fully realise any potential....I don't know,pur speculation on my part. However, nobody is going to deny that it was anything but disappointing that we seemed to own part of the asset and suddenly everybody else was benefitting.
Clearly we are still undergoing change and I am still nervous about the stock market as a whole so I am in wait and see mode.
Lets hope things improve and good luck to you Smithie.

[mach100] 27/5/2014 17:25

Smithie, I value your input. You put forward a considered view with detailed opinions. Sweenoid it is good you can find positives but asking someone to sell up is not really fair. We holders who feel we have been shafted want the same as you presumably which is the best bang for our buck.The shell company have tripled their value whilst ours has halved. It is a bit like Man U using season ticket money to sponsor Man City fans attendance at a game. That just isn't cricket, old boy!

[smithie6] 27/5/2014 16:17

je je

"sunset 18 Feb'01 - 17:40 - 12 of 12 0 0

width
Interesting article on digital radio in The Sunday Times today, makes me feel that an investment in a company like UBC Media is unlikely to deliver much growth over the short term. Probably needs to be for the very long term, ie: 10 years minimum."

30p to 3p over those 10 years.

Will it go back to 30p over coming 10 years ?!.....

[sweenoid] 27/5/2014 13:52

Why don't you sell up and take your loss pal?

We know you are not happy ;-)

You can influence nothing here

S

[sweenoid] 27/5/2014 11:57

its gonnna be passed by a massive majority anyhow ,I can understand protest votes but I am betting on a positive fure and BET is the word , note I didn't say invest.

s

[sweenoid] 27/5/2014 11:52

in part it is difficult for us PIs to know the best choice....since any real info about possibilities in coming months or years....wont be revealed in the prospectus ...since they would not want their competitors to know any commercial data..

yep thats right Smithie;-)

the R+D costs of any technology company in its genesis are very high , i firmly believe the tie-up makes good sense and so do all the key figures in both companies

Simon Cole and Ben Drury have put their reputations on the line and stand to lose not only their own personal investments but also many years of dedication and hard work that they have 'invested' in these companies, don't underestimate how important success is to drive and motivate good businessmen.

Why would someone of the callibre of Sir Donald Cruikshank be prepared to stand as Chairman of the merged company if he did not see a good future? he has absolutely no need to tarnish his credibility, he is a director of Qualcom for goodness sake and has a prestigious record in The City

my vote (for far more shares than you ) is YES

S

[smithie6] 27/5/2014 11:34

can someone post some +ve points for this merger with 7Digital ?

and then maybe this msg. brd. can have some discussion

[smithie6] 27/5/2014 11:31

too many posts....agreed.

I would like to review them and make a summary..and correct any errors..and adjust any points..but I dont have the time....

I did it as a thinking out loud exercise as I read the prospectus.

Some PIs have read some.....and some support ...on main thread.


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The reality is that many PIs will not vote....
and many will not open the prospectus.
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One thing that stinks imo is that PIs do not receive the same info and private meetings as the instituts. We do NOT have the same info.

[mach100] 26/5/2014 21:41

Only a small holder myself Smithie, but you can count on my "no" vote too. Totally disgusted by this stitch-up without a modicum of concern for UBC holders.