Share Name Share Symbol Market Type Share ISIN Share Description
X-Phonics LSE:XPH London Ordinary Share GB00B0DG1X47 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.40p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 0.1 -0.1 -0.2 - 0.26

X-phonics Share Discussion Threads

Showing 26 to 50 of 50 messages
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You are the tops when it comes to witty replies freedosh!! LOL.
yes apologies. Only just got your message freedosh Alpha Centauri
Rather quiet here. I guess the 7.30 RNS went unnoticed then.
Back to life after six months! IMO the price does not yet reflect the fact that it isn't a 'bust' stock anymore. Serious strategy and serious people. Could grow hugely. IMO.
DJ AIM Suspension - X-Phonics plc TIDMXPH RNS Number : 3312J AIM 29 March 2010 ? NOTICE (156) 29/03/2010 12:00 TEMPORARY SUSPENSION OF TRADING ON AIM X-PHONICS PLC At the request of the company, trading on AIM for the under-mentioned securities has been temporarily suspended from 29/03/2010 12:00 pending pulication of the company's annual accounts.
DJ AIM Suspension - X-Phonics plc TIDMXPH RNS Number : 3312J AIM 29 March 2010 ? NOTICE (156) 29/03/2010 12:00 TEMPORARY SUSPENSION OF TRADING ON AIM X-PHONICS PLC At the request of the company, trading on AIM for the under-mentioned securities has been temporarily suspended from 29/03/2010 12:00 pending pulication of the company's annual accounts.
RNS Number : 9446G X-Phonics plc 10 February 2010 ? X-PHONICS PLC (AIM: XPH) Change of Website Address X-Phonics plc, the AIM listed independent music and media group, announces that it has changed its website address to The information required by AIM Rule 26 is available at this address. +-----------------------------------+-----------------------------------+ | Contacts: | | +-----------------------------------+-----------------------------------+ | | | +-----------------------------------+-----------------------------------+ | X-Phonics plc | | +-----------------------------------+-----------------------------------+ | Mike Hosie, Finance Director | +44 (0) 208 987 0800 | +-----------------------------------+-----------------------------------+ | | | +-----------------------------------+-----------------------------------+ | WH Ireland Limited | | +-----------------------------------+-----------------------------------+ | John Wakefield / Marc Davies | +44 (0) 117 945 3470 |
Management have been running this as a shell literally no talent, product or output. John McLaughlin, CEO & largest shareholder has given up the ghost and for 2 years has been developing the talent in his own studio in Glasgay. The Chairman has put up the flag that all that is left is to sell the AIM listing as a quick entry vehicle to LSE - overseas non ent & media groups have been in talks but all failed to do a deal since April 2008. Word amongst city brokers is that Mike Hosie, FD has been under investigation for share price manipulation. Not worth the bother as cheaper & easier to go through normal AIM listing procedures (if you are Mad enough given the state of AIM today)or raise funds in alternative ways. REportedly one ent & media co did look at it but realised that past Diablo history is a diabolical legacy, all previous money raised squandered and nothing to show for it today. Tomboyb totally Busted.
Should see some action here soon I feel...
is this bust or. are they looking for an RTO. market capital 300k.
has this got something to do with today's rise? "In parallel, the directors believe that it is sensible to seek alternative opportunities that could make use of the company's infrastructure and listing on AIM in market sectors where there is scale, growth and a revenue model that is better suited to a public market. I hope to be able to report progress upon this in due course. Robin Davies Chairman 8 April 2009" doesn't bear thinking where the share price will be if a 'reverse takeover' materialises
Just checking out the cheapest shares on AIM. Is there any reason for optimism here? The website is diabolical, which seems to be a good sign with miners, but probably not with a media company. Could they not use a spellchecker?
The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 08/04/2009 10:30am the annual audited accounts having been published.
30 March 2009 X-Phonics Plc ("X-Phonics" or "the Company") Temporary Suspension of shares Due to delays in the preparation of accounts for the year to 30 September 2008 the Company will be unable to post its results to shareholders before 31 March 2009. The Company's shares have therefore been suspended from trading on AIM. The Directors expect to be able to post its results to shareholders within the next two weeks.
X-Phonics plc 31 March 2008 31 March 2007 X-PHONICS PLC ('X-Phonics' or the 'Company') Preliminary Results for the year ended 30 September 2007 CHAIRMAN'S STATEMENT I am pleased to announce the results of our trading activities for the year ended 30th September 2007. In our interim report for the six months period to 31 March 2007 I referred to a number of bands and artists that were signed to the Group amongst them Attic Lights, Maeve O'Boyle and The Poems. These acts have all continued to develop and are now showing significant promise both artistically and commercially. Of particular note are the Attic Lights who have been signed to Universal Island and who are now being heavily promoted by them as one of their acts for 2008. Financial Report Turnover for the year was £339,074 (18 months to 30 September 2006: £124,539) and has increased 172% over the previous 18 month period, primarily as a result of the contract with Universal Island for the Attic Lights. This is a 5 album deal worth potentially £1,500,000 in advances over the contract period as well as an ongoing royalty of up to 24% based upon net receipts from sales into the worldwide territories that will be exploited by Universal Island. We expect royalties from the Attics Lights to be earned over a 6 to 8 year period starting in 2009. Additional revenues have been earned in this period from other record label activities as well as from our music publishing activities and our video production activities. Cost of sales represents all the costs associated with the signing and development of the bands and artists and continue to be accounted for as incurred. Costs are matched with revenues only once the revenues are certain. Cost of sales in the year were £404,993 (18 month period 30 September 2006: £453,041) and includes costs derived from the production of the Attic Light's first album as well as the band's share of the advance from Universal Island. Other costs incurred include video production costs. Administrative expenses for the year were £422,778 (18 month period 30 September 2006: £604,127) and continue to reflect the reduction and control over costs necessary whilst the Group is building the numbers of activities and revenues during its development phase. The Group has made a loss on ordinary activities before taxation of £483,584 (18 month period 30 September 2006: £936,165). At the end of the year the Group held cash balances of £136,719 (2006: £752,473), had debtors of £139,913 (2006: £36,978) and creditors falling due within one year of £114,036 (2006: £202,505). Trading Update Record Label Activities The long term value for X-Phonics in the Attic Lights contract with Universal Island stems from the fact that Island Records have the resources to promote and the experience and influence to break bands such as the Attic Lights into the mainstream, as they have done in recent years with Amy Winehouse and The Frattelis. Following the same, previously successful strategy, Island Records are building the momentum for the Attic Lights: initially in Scotland where 'Never Sick of the Sea' has enjoyed a soft release, encouraging plays on XFM radio and coverage in national press, to build a strong Scottish following. In addition the band are touring throughout the UK and are active in the university and college campuses, building a broader fan base on which to release their next single scheduled for 28 of April 2008, followed by a bigger release during the summer of their song 'Bring You Down'. It is expected that following the success of this promotion work, touring and single releases, Island will release the Attics Lights album later in the year. The Poems album was released as a download in February 2008 and is picking up support and plays most noticeably from BBC Radio One and 6Music. Given this initial success the main commercial strategy is to seek synchronisation deals whereby the album tracks are selected for inclusion within television programmes and films for reasonably significant one off and repeat fees. The band has had some earlier success in this area with 'syncs' on the Ghost Whisperer and Greys Anatomy which bodes well for the future. In parallel, revenues should be generated over the longer term from sales of the album through i-Tunes and other digital media. Maeve O'Boyle continues to progress both musically and in terms of commercial opportunity. The feedback from the industry as she starts to become better known through her shows, both inside and outside Scotland, is that she is a great singing and song writing talent. Recent shows have seen some interest from smaller labels and we expect momentum to keep building with Maeve. Since the last statement we have started to work with a number of new artists including Emma Curran who is getting a lot of press and PR from the fact that she was discovered initially by Gary Lightbody, the lead singer of Snow Patrol and who is a fan. Emma's album is currently in production and early discussions with record labels are underway. Keith Jack came a close second in BBC television's 'Any Dream Will Do', (The Search for Joseph) and has recorded an album with X-Phonics. As part of his promotion Keith is to front this years' 'Choices for Life', a major event promoting drugs awareness for teenagers; this entails a dozen concerts where Keith will play in front of 60-70,000 school children across Scotland. During the late summer of 2007, X-Phonics was contracted by the Scottish Sun to run and manage a competition to find and record new musical talent. Part of the prize was a recording contract for the winner, a drummer and base player called 'The Fire and I' who are already being supported by the Scottish Sun and XFM. We will be able to gauge support for the band from the single that we have produced before determining the opportunity for an album. Otherwise, in our A&R space, the Group continues to seek and work with a number of other artists who are believed to have creative and commercial potential. In addition to the more traditional record label projects, the Group has undertaken selective other projects where our marketing and promotional capabilities can generate revenues. The Zimmers, a band that was formed as part of the BBC television documentary 'Power to the People', that went on to win Best Documentary at this years Royal Television Society Awards, is one of X-Phonics successes in 2007. Consisting of 40 old aged pensioners the Zimmers produced their debut video 'My Generation' that became a You Tube success almost overnight watched by over 4.4 million people. Off the back of the video, the single was released and remained in the UK charts for two weeks peaking at number 26. Since they were launched the band has appeared in numerous television shows including the Tonight Show with Jay Leno in the United States, the Graham Norton Show in the UK and many others. As a result of this initial success the band are in the middle of recording their debut album with promotion scheduled to commence at the end of March 2008. Of particular interest is the fact that the album has been funded for X-Phonics' benefit by the American Association of Retired Persons ('AARP') which boasts a membership of 59 million. The AARP will assist in the launch in the band's album later in the year and the Group expects to see revenues generated from UK, US and other overseas markets with CD sales, sponsorship and merchandising. Music Publishing Publishing revenues continue to be developed and are expected to create a recurring revenue stream in due course. Part of the strategy to ensure this is to have strong relationships between the Group's bands and its writers so that, as the bands become successful through promotion and market development, the revenues from the writers increase. As an example Robert Hodgens' writing for The Poems will result in the Group's share of revenues increasing as albums and 'Syncs' are successfully sold. Urbnri have had success with their first top 40 hit and are scheduled to release their second single for the end of April 2008. They are currently touring and supporting one of the UK's leading rock bands, The Enemy which is broadening their fan base and should help them gain a good chart position for the new release. In addition Urbnri's raised profile has led to interest in the publishing rights currently owned by X-Phonics. I have previously mentioned Valentina, a talented singer and pianist from Austin, Texas who is being groomed for success with help from our Managing Director, John McLaughlin. Having worked with Valentina and her management over the last six months we are confident that a major record label contract will be signed from which the Group will benefit by way of a share of revenues from the future success of the album. The Group has made significant progress with our artists over the last 6 months and continues to benefit from the increased profile brought about by its initial success with the Attic Lights and the Zimmers. With the revenues building the Directors remain conscious of the need to closely monitor and control costs which they will continue to do. In addition the Board are conscious of the opportunities that come as a result of the need for consolidation in this part of the music industry. Many companies are sub-scale and below critical mass. The Directors will seek and take advantage of any opportunities to acquire businesses that represent a good fit with the current businesses within the Group. Name R Davies Chairman Date 28 March 2008
lord multibagger
Ihave noticed on the website they have a band in top 40
ive had shares in them nearly 2 years... i think they will pull through, need a couple more decent signings
anyone out there been in this long enough to have an opinion?thinking it's a pure punt, not sure what, if anything, will materially effect price in short term, but could be better than the bookies?
X-Phonics plc 27 June 2007 X-Phonics Plc (or 'the Group') Interim Results for the six months ending 31 March 2007 27 June 2007 • New bands and artists signed including the Attic Lights • Profitable relationship secured with Universal/Island Records • Fall in cost of sales 27% and overheads down 40% on same period last year • Group loss before interest, exceptional items and tax £305,355 (2006: £464,473) • Cash balance at end of period £339,642 (£103,516) Chairman Robin Davies said: 'This is the first full period since the appointment of John McLaughlin as our Managing Director in August 2006 following he acquisition of White Noise Music Limited., a business through which John had been developing musical talent. During the latter part of 2006 the Group signed a number of bands including The Attic Lights, The Poems and writers and performers Robert Hodgens and Maeve O'Boyle. The bands and writers have continued to be developed and all have made progress. We are confident that good choices have been made and are now seeing levels of interest from both the market and the music industry confirming our judgment.' Chairman's Statement I am pleased to announce the results of our trading activities for the six month ending 31st March 2007. This is the first interim period report since the appointment of John McLaughlin as our Managing Director in August 2006 following the acquisition of White Noise Music Limited, a business through which John had been developing musical talent. During the latter part of 2006, a number of bands were signed to the Group, amongst them, Attic Lights, The Poems and writers and performers including Robert Hodgens and Maeve O'Boyle. The bands and writers have continued to be developed and all have made good progress. We are confident that good choices have been made and are seeing levels of interest from both the market and the music industry itself confirming this. Financial Report The nature of the projects that have been contracted and that are being developed will lead to rather uncertain and 'lumpy' revenues for the time being. For example, although discussions were well progressed with regards to licensing Attic Lights to a major label at the period end, the Directors were of the opinion that revenue was not sufficiently certain to be included in these results. However, since the period end, the Group has agreed terms with Universal-Island whereby Attic Lights have been licensed to them in a five album deal worth potentially £1,500,000 in advances over the contract period as well as an ongoing royalty of up to 24% based upon net receipts from sales in worldwide territories to be exploited by Universal-Island. The initial advance and recording revenues received by the Group in respect of this contract total £240,000 with approximately 34% being passed onto the band. This is a very important first contract of this type for the Group which demonstrates that we now have the ability to find and secure acts, that with the appropriate amount of development and promotion, can be licensed to major record labels providing the opportunity of an initial cash advance and a share in the associated longer term revenues. Royalties from Attic Lights should be earned over the next 6 to 8 years. Cost of sales represent all costs associated with the signing and development of the bands and writers and are accounted for as they are incurred. Costs are only matched to revenues once the revenues are certain. Cost of sales in the period are lower by 27% at £99,926 (2006: £136,323) and relate to the bands and writers that are still in development and from which the Group expects to generate revenues in the future. Comparative costs from the previous year include the actual costs of work completed and sales invoiced, either in respect of the original bands that have not subsequently had their contracts extended, or in respect of video work which was not profitably managed. Overheads in the period at £217,792 (2006: £363,605) are 40% lower following the re-organisation described in the previous annual report and account for the 18 months ended 30 September 2006. These costs include some one-off costs associated with the move of the Group's offices to Chiswick in West London where it is now sharing facilities with other music related businesses and through which new business opportunities have been, or are being, developed. The Group has made a loss on ordinary activities before interest, exceptional items and taxation of £305,355 (2006: £464,473). At the end of the period the group held cash balances of £339,642 (2006: £103,516). Trading Update Record Label Activities Having developed the Attic Lights for a relatively short period, the Group is delighted to have secured a significant license deal with Universal-Island, which is currently the largest and most successful record label in the world. Universal-Island bid against a number of other major record labels and signed with the approval of Island Records President, the highly respected Nick Gatfield. The longer term value in this contract lies in the fact that Island Records have significant resource and influence through which it is able to break bands such as Attic Lights into the mainstream. Island has recently had success with The Fratellis, The Feeling and Amy Winehouse and it is this team that will now be working on the Attic Lights. This collaboration with Universal-Island has also paved the way for a continuing relationship and direct access for the Group and our other artists. The other significant signing in November 2006 was The Poems who recently returned from supporting the Magic Numbers to great reviews. Their profile continues to improve through touring and from additional success with their music being used on US television programs such as Greys Anatomy and the Ghost Whisperer. This improved US profile is important in helping to promote the band in the UK where we are shortly to release a 4 track EP and are organising their first headline tour of Scotland. With the increased awareness of major record labels resulting from the Attic Lights contract we have confidence in the longer term success of the Poems. It is worth noting that the Group owns a large percentage of The Poems publishing having signed Robert Hodgens, the main writer for the band, as a writer. Our youngest artist, Maeve O'Boyle continues to attract critical acclaim as we work in building her profile. She has just finished a tour of Scotland and Ireland supporting one of Ireland's biggest folk stars, Eleanor McEvoy, and we are very pleased with the prospect of a 23 date tour in conjunction with Beanscene, the new and exciting coffee and music experience, where Maeve will be selling an acoustic version of her album pre-empting the release of the full album early next year. We plan to release 2 singles along with this acoustic record in late summer and mid-winter, which we expect will create a real buzz around this young and extremely talented artist. The Group expects to sign a number of young artists working with them to produce records that can then be sold through a partnership with Beanscene. This is an interesting area of development for the Group made possible by our ability to produce records at low cost and then distribute them using a distribution channel that is fast becoming an alternative to the high street retail chains. Despite the fact the Liz McClarnon was ultimately unsuccessful in mounting a Eurovision challenge we continue to work with Liz and once her new album is recorded we hope to be able to identify a joint venture partner through whom we would promote the album. The Group had hoped to compete successfully in bidding for the recording rights to Echo & The Bunnymen which were ultimately won with a strong bid from Warner Brother's Records. Despite this our Managing Director John McLaughlin was appointed Executive Producer to their latest recording and, as a consequence, a share of the production revenues will be transferred to the Group once the record is on sale. Not only are there high hopes for the record sales, there is an amount of kudos that results for X-Phonics association with Echo & The Bunnymen. Glasgow continues to be a hot bed of developing musical talent and a number of projects have been identified which are expected to provide revenue opportunities for the Group in future years. A good example of this is Urbnri, a 'street' based band whose publishing rights have been secured by the Group and who are currently putting the finishing touches to their debut album. We expect some exciting developments in the promotion of this band and are also working with Chris Van der Kyle, the video gaming developer, with a view to the band's music and songs being used on a new video game. There is further evidence of the development in our marketing and promotional capability with our work for the BBC TV project 'Power to the People'. The band that was formed as part of the programme 'The Zimmers' was marketed and released by our record label under the guidance of Neil Reed. The results of this project have given us a worldwide platform. With some 3.2 million views of the X-Phonics edited promotion 'My Generation' on 'YouTube' alone and an estimated 100 million people worldwide seeing or hearing the band. The single was released in early June and entered the UK Top 40 at number 26. As a result of this chart success the Zimmers were then asked to appear on the Jay Leno show in the United States where they appeared before a TV audience of 15 million. With internet releases worldwide and physical releases scheduled in USA and Benelux to date the future looks bright for The Zimmers. A follow up to the original documentary is scheduled for Sunday 8th July at 10:00 pm with the world premier of 'The Zimmers - From Carehomes to Clooney' which will further help promote the Group. Music Publishing In addition to owning the publishing for Roberts Hodgens and our earlier roster of writers, the Group has worked on a number of projects where the intention is to secure longer term revenues through the exploitation of music that has mass appeal. Our existing catalogue continues to gain modest revenues worldwide. European Artists such as Katerine (Universal) and Reborn (EMI) have provided X-Phonics Publishing with some success during 2007 with revenues resulting from record sales and performances. This year we have written and produced a new version of 'Swing Low' for the English Rugby Football Union to be used as part of their 2007 Rugby World Cup campaign. We have also been commissioned to write an anthem to replace 'Flower of Scotland' for the Scottish Rugby Football Union, again with the 2007 Rugby World Cup in mind, although in this case, it is being written with a view to having much broader and national appeal. Both of these releases are expected to have an enduring attraction and to be of interest to some of the larger brand companies who are involved in advertising around national sporting events. Music Publishing is an important area for the group to develop and we are constantly looking for opportunities and ways in which we can extract maximum value from our initiatives. It is often the case that, having agreed a partnership with a larger record label to exploit some of our music, we are constrained to working to their timescales. As an example, although recording of 'Sleep Easy Baby' (an album of lullabies) was completed in late 2006 and licensed in early 2007, this is now expected to be released by EMI for the Christmas market in late 2007. Production Activities We continue to take an interest in Terminal Music Limited, a production facility in Glasgow in which we have an option to acquire 24.99%. Currently recording in the studio are a number of well known artists and bands in addition to some new artists with whom we are working with the intention of acting for them in some capacity. These include a band called Meladrone, an ' indie' band with fantastic songs and a great look. The songs have been co-written or produced by John McLaughlin, Simon Perry (Archangel Music), Gordon Goudie and Ian McCulloch (Echo & The Bunnymen) and therefore come with a great pedigree. We are also working with Valentina Mitzkat who has been writing with Maeve O'Boyle and Robert Hodgens and is a very talented 21 year old from Austin, Texas with an incredible voice as well as being a talented pianist. Together we are developing a very original crossover sound for her record. Being involved in the Terminal Music studios provides an early opportunity to spot and begin working with unknown talent. It is this that is of particular interest to the major record labels, almost all of whom have had the chance to visit Glasgow and the studios when considering a bid for Attic Lights. Our video facility was restructured in mid 2006 in order to better balance the costs of production with the likely revenue opportunity. The facility is now housed in Chiswick where it can work much more efficiently and with the availability of freelance producer and directors, it is now being managed profitably. Recent projects, whilst modest in budget, represent a significant improvement in performance. Projects worked on in the last six months include corporate programmes for the Multiple Sclerosis Society and for Herstmonceux Castle, a conference facility for overseas students. We have also been commissioned to produce video programmes in support of the ITV Rugby World Cup theme, 'World in Union' incorporating artists such as Katherine Jenkins and Andre Bochelli, and BBC2's ' Power to the People' documentary for the release of the Zimmers version of 'My Generation'. The level of activity has been increased significantly with the appointment of our new Managing Director. We have also benefited from a considerably improved profile and are now much better connected with people in the music industry with influence. When linked to the improved control over costs directly attributed to projects and the lower level of overhead we are confident of our future success and continue to seek opportunities through which we can increase shareholder value. Robin Davies Chairman 27 June 2007
This looks interesting.Will take a further look i think.
John McLaughlin, Chief Executive, said, "This is a significant signing for our record label demonstrating that we have the ability to identify artists and produce records that are of real interest to the major record labels. We are beginning to create a real buzz in the industry that we hope will create a basis for major record labels to work with us closely in the future. "
roberto dimatteo
RNS Number:8943W X-Phonics plc 21 May 2007 X-Phonics Plc ("X-Phonics" or the "Company") 21 May 2007 Major Record Deal Record Label X-Phonics (AIM: XPH.L), the independent music and media group, is pleased to announce a ground breaking contract to licence The Attic Lights to Universal-Island Records Limited. The Attic Lights were signed to X-Phonics Music Ltd in November 2006 and are a 5 member band based in Glasgow. The Attic Lights sound is a mix of classic 60's Beach Boys meets Snow Patrol and although the band have been together for less that two years they have already shown a measurable level of success, regularly playing on the Scottish festival scene and receiving good support from such radio stations as XFM and Radio 2. The Company has licenced the band to Universal-Island Records in a 5 album deal. Under this arrangement Universal-Island have the exclusive rights to acquire the recordings produced for and by the band for exploitation on a worldwide basis. To date the Company has received an advance and fees in relation to the production of the bands debut album. This has been delivered to Universal-Island Records having been recorded during the last 3 months in The Mixing Rooms in Glasgow. In addition the Company will receive royalties based on future worldwide sales. John McLaughlin, Chief Executive, said, "This is a significant signing for our record label demonstrating that we have the ability to identify artists and produce records that are of real interest to the major record labels. We are beginning to create a real buzz in the industry that we hope will create a basis for major record labels to work with us closely in the future. "
RNS Number:2767V X-Phonics plc 20 April 2007 X-Phonics Plc ("X-Phonics" or "the Company") 20 April 2007 Directors Shareholding In accordance with Chapter 5 of the Financial Services Authority's Disclosure and Transparency Rules, the Company was informed on 20 April 2007, by certain directors of the Company, of the following interests in the issued voting share capital of the Company: Director Number of Ordinary Shares held Percentage of issued voting share capital John McLaughlin 8,234,500 12.44 Neil Reed 3,200,810 4.83
RNS Number:9371S X-Phonics plc 14 March 2007 X-Phonics Plc 14 March 2007 Holding(s) in Company X-Phonics plc ("X-Phonics" or "the Company"), the independent record label, music publishing and media production company, was notified on 8 March 2007 that, pursuant to section 198(1) of the Companies Act 1985, further to the purchase of 8,545,999 Ordinary Shares of 1 pence each of the Company on 2 March 2007, W.H. Ireland Ltd is now interested in 8,835,999 Ordinary Shares, representing 13.3% of the issued Ordinary Share capital of the Company. These shares are held under discretionary management.
a 200k, and a 100k buy gone through today at 0.25p higher than ASK ... another tick up or two to come ?
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