Yolo Leisure And Technol... Share Discussion Threads

[phenomenonnick] 25/1/2017 08:11

Note that the 31 Dec 2015 accounts for Magic Media Works show stock of £344,367. If like a lot of electronics manufacturers they have roughly 50% margins, net revenue would be around £0.7m give or take. Pretty damn good in 9 weeks!!

[cpap man] 25/1/2017 08:00

Yolo Leisure & Technology plc

("YOLO" or the "Company")



Successful UK Launch of Electric Jukebox by Magic Works

New Distribution Agreements

Development of new products in advance of launch in the USA



YOLO plc (AIM:YOLO) is pleased to announce that its investee company, Magic Media Works Ltd ("Magic Works"), has successfully launched its Electric Jukebox music streaming device in the UK and has now sold out of its initial inventory during the nine week period since its launch in late November 2016.



With more than 90% of UK internet users still to adopt music streaming services, the timing of Magic Works' launch targets a global mass market consumer audience of over 800 million individuals who formerly purchased music CDs regularly, providing a significant target market for its innovative range of Electric Jukebox products.



Having secured global licencing agreements with the World's major record companies, including Universal Music Group, Sony Music Entertainment and Warner Music Group, together with other major independent labels, Magic Works has now agreed new international arrangements which secure access to Amazon, QVC, BestBuy, Brookstone, FNAC and many other of the World's largest retail outlets supported by distribution agreements with Exertis and Wynit. As a result of these new arrangements, Magic Works now has distribution capabilities which will enable it to reach every major retailer in North America and Europe and as a result it is ideally positioned to launch its Electric Jukebox product range in the United States later this year at a time of unprecedented growth in consumer demand for music streaming services.



Having sold out of its initial inventory in the UK, Magic Works now intends to significantly enhance the functionality of its Electric Jukebox devices with new products, content and features, whilst at the same time delivering significant manufacturing cost savings via the introduction of a new chipset and enhanced voice recognition technologies.



With advertising-free access to a music catalogue of more than 29 million individual songs and some 3 million albums in combination with more feature rich, lower cost product offerings, Magic Works believes its offering is ideally positioned to satisfy the music consumption needs of the United States, UK and continental Europe.



Simon Robinson, CEO of YOLO said: "We believe that Magic Works is at the cross section of two of the hottest sectors in the technology industry - Voice Controlled Consumer Electronics and Digital Music Streaming. Having successfully launched Electric Jukebox from a standing start, Magic Works has demonstrated that there is strong demand amongst customers for a dedicated pre-paid, voice activated music streaming device and with a range of enhanced products and significant international expansion planned for 2017, we believe that Magic Works is well placed to build upon these early successes and scale the business materially from a solid base".

[casino444] 25/1/2017 07:29

as i said many times in the last few months on here , qvc uk has help so much with the sales and if qvc usa goes the same way !!

[dirty75] 25/1/2017 07:16

RNS sounds extremely encouraging, Electric duke box sold out in the UK and lauching in US - $$$$

[heliweli] 19/1/2017 11:48

In no hurry to show xmas sales, wonder why, share price says it all.

[oilbuy] 13/1/2017 15:56

IM late reported buy

[cpap man] 13/1/2017 15:25

And 'ere we go....YOLO

[oilbuy] 13/1/2017 13:50

2M buys 600k Sells

[oilbuy] 13/1/2017 13:37

More to come here. Bounce off the lower bollinger to break 1p

[drmaccers] 13/1/2017 13:33

Added more today

[cpap man] 02/1/2017 11:40

Perhaps YOLO will actually be a serious MULTI BAGGER during 2017?!?!?

[cpap man] 29/12/2016 20:05

And the rest!

[falia] 29/12/2016 15:47

2P COMING UP NEXT WEEK

[twodegrees] 29/12/2016 15:26

this is climbing again

[apfindley] 29/12/2016 12:10

Rerating also coming soon at Cashed up PIRI. lining up Lithium acquisition/stake? News coming in new year. Get in early 65% not in public hands.

[cpap man] 29/12/2016 09:30

Looks like the re-rating at YOLO has started early!

[cpap man] 28/12/2016 17:00

Expecting a serious re-rating at YOLO in the NY!!!!

[phenomenonnick] 23/12/2016 15:56

Scyther - it was 1 to 5. Plus Simon Robinson the CEO got 9m. So I think they've issued 59.8m warrants as part of the fundraise. Looks like around 15% of the share capital. Will bring in £780k if the share price is high enough over 1.3p for the warrant holders to exercise. The Director Warrants expire October 2019. Presumably the other warrants are the same terms though I can't see this announced anywhere.

[phenomenonnick] 21/12/2016 11:32

Hi Nick R,

I own Yolo, I've done reasonably well on trading it. To my mind it's a halfway house between a cash shell (I've done well on a fair few of these, Castle Street now Coretx, Feedback, etc) and proper long term investment companies, such as LMS Capital, Gresham House (though that's recently become more of a fund manager), Athelney Trust, etc.

I say it's a halfway house because it's a bit like Armstrong Ventures was - make an investment (or a few), so that you're an investing company as a business and don't have to follow the more onerous rules around cash shells, but in the long term you're going to figure out which investment works best and do a reverse. As Armstrong Ventures did - lend cash to MelodyVR then buy the whole thing for shares. I suspect one of Yolo's unlisted investments, whichever looks most promising, will reverse into them, they'll then pull cash out of the other investments as and when the opportunity arises.

Just a hunch - but where you can invest at a price which is broadly the same as the underlying investment value it's pretty hard to go wrong. Yolo's gone down recently I think over concerns around EJ but they have 40% of their market cap in cash and seem to be run on a shoestring, so I reckon they'll do well.

For what it's worth my strategy has been to invest in things like this, then sell most when they've done the transformational deal, keeping a few in case that new trading business turns out to be stellar - but keeping most of my funds in cash until I find the next such opportunity.

[cpap man] 20/12/2016 08:58

From red yet again to blue now YOLO are bouncing from an extremely O/S position ahead of the XMAS trading update expected early in the NY

[nick rubens] 20/12/2016 08:40

Not sure how any warrants have affected this company's mkt value? Can you clarify a little ramas? cheers NR