AMU quite rightly appears to be developing a small following, hence I have updated the header with a 'carrot' and the charts.

PTH

UK smallcap opening - Air Music & Media gains on Investors Chronicle tip
AFX


LONDON (AFX) - Buyers came for Air Music & Media, 1.13 ahead at 7.75 pence, after the Investors Chronicle advised readers to 'buy'.

With trading looking strong at the music distributor, and a share price target of 13 pence from broker Seymour Pierce, the shares look oversold, the IC concluded.

Explosive

Like you very busy week ontop of the PC problems.
Just looked at the 1.6M 'sell' well spoted. Have you
noticed that it is at the same price that Michael
Infante sold 5m last week. Things are becoming
very interesting.

I'm sure things may become clearer tommorrow.
Not sure I will have access to a PC until
Friday.

All the Best

1704 - Really didn't notice the price, well spotted, I'll continue to update the thread with all findings.... Whats the problem with your PC, I currently work for IBM well leave next Friday (start new job) may be able to offer some help.

1704 - The more I look at AMUs balance sheet the more I'm convinced that AMU isn't attracting attention and further investment due to the high proportion of debtors held. 11.28m, just over a third of nets assets, cash in hand and in the bank is 3.58m. Debtors in relation to '05 turnover is just over a whopping fifth, why?

Hi all. Not sure if its been posted but there was some new broker research out on the 6th. Heres the link to it. Its in PDF. If you can't access it I will be happy to mail it to anyone.

Wilbs

http://www.hoodlessbrennan.com/CMS_FileCache/HOODLE004_234_1.pdf

Explosive

Been having problems with the IT Network System used in the office
for the last 2-3 weeks. Therefore, everyone has had problems logging
onto the internet.

The market seems to be quiet today but pleased to see a couple of 100k
'buys' going through. Was wondering whether the 1.6m 'sell' yesterday was
M. Infante again. No RNS yet so maybe not?

Just been looking on the BBC Website I've just seen an interesting
article on the Business Section called 'Download Wars Heat Up'.

The interim results should be announced around the end of November
2005 will be looking foward to seeing what the balance sheet looks
like then.

All the Best

wilbs - Thanks for the info

No worries.

Wilbs

Missed your earlier post today. Thanks very much
for the info. First impressions after quickly browsing
through are that the views of the research seem
to be spot on. Look foward to reading it through in
more detail this evening.

Cheers

No worries 1704

Evening All!

Thanks to Wilbs just discovered another website
for useful info on the small cap sector. Will be
using it from now on. Having studied the report
in more detail I think Hoodless Brennan&Partners
were right to rate AMU as a 'Speculative Buy'.

The report rightly raises the concerns about
the large number of shares issued as one of
the weaknesses.
'In-built dilution of 100m shares to be issued in
2006 in part payment for Music Box Ltd'.
The second to last paragraph also raises
the possibility of future equity raising being
a possibility to fund acquisitions and cut
debts.

However, the report also points out the main
reasons why I am willing to hold onto this
share for the long-term.

'Redworth acquisition will transform AMU'.

'2005 Finals solid performance continues'.

I also fully agree with the points summarised
in the 'Speculative Buy' recommendation.

Would like to hear others comments on this
report.

All the Best

1704 - Not read the report yet. However have been looking at the RNS for Maximun Entertainment Ltd Acquisition posted earlier my myself. Total consideration for company is 379,000 payable by 75,800 cash and 3,790,000 shares valuing shares at 8p each. Current share price offer is 6.25p. On the basis of this acquisition the share price is currently undervalued.... We have also seen trading volumes increase over the past few days.... Need I say anymore.

Explosive

I think the share price has been undervalued for months.
Seymour Pierce earlier in the year put a valuation of
approx 13p/per share. AMU has a lot of things going
for it but luck isn't one of them. Hopefully, for long
suffering share holders better times are ahead?

1704, wilbs - Thats me done, right I'm off for the weekend. Have a goodone both of you and catch you on this thread next week... Fingers crossed AMU will start picking up, its a good share as you know just needs to find a footing and further backing...

have a good one explosive and 1704. Im now off to get the beers in for the norwich game.

Wilbs and Explosive

Appologies just caught up with your last posts. Hope both had
good weekends. Just noticed since my last post that there has
been two RNS. Have not had a chance to look yet. If both of
you are thinking of attending the AGM. I would get on the
blower to Neville Registrars Ltd straight away (0121) 585 1131.
I've a feeling the AGM will be held before the 6th October 2005
but would like some one else to confirm.

All the Best

No problem 1704.
This is the latest from RHPS.

AIR MUSIC & MEDIA (AMU): In line with its strategy of
acquiring content to push down its own distribution
channels, Air Music has acquired Maximum Entertainment
Limited. Maximum owns the exclusive licence to
duplicate titles, including such children's favourites
as Care Bears, Ninja Turtles and Action Man, by way of
VHS and DVD in the UK, Channel Irelands and Eire. Air
Music is paying 75,800 in cash and is giving the
vendors 3,790,000 new shares. Interestingly these were
valued at 8p for the purposes of this deal, which
suggests that the current share price is too low. HOLD.


Heres the 2 last RNS's.

Air Music & Media Group PLC
09 September 2005


Air Music & Media Group plc

('Air Music' or 'the Company' or 'the Group')

Hollywood DVD Limited

The Board of Air Music announces today that it has ceased to provide funding to
one of its UK subsidiaries, Hollywood DVD Limited, and have appointed
administrators to manage an exit from that business. This follows as part of the
strategic review announced in July this year and the decision to exit the
business reflects the continuing poor performance in its budget DVD business.
Hollywood DVD Limited had net assets of 0.1 million at 31 March 2005.

The Group results for the year ended 31 March 2005 reflected a 2.1 million
impairment charge in respect of the goodwill arising on acquisition of Hollywood
DVD Limited. The audited financial statements for the year ended 31 March 2005
and the auditors' report thereon were finalised before the decision to exit the
business was taken. The half year Group results to 30 September 2005 are
expected to reflect a charge of 0.3 million both in the form of trading losses
and the remaining investment value write off.

The Board announced on Tuesday 6 September 2005 that it had taken measures to
refocus the Group's DVD activities through the acquisition of Maximum
Entertainment Limited, which owns the exclusive licence to duplicate and
distribute certain Jetix titles in the UK, Channel Irelands and Eire, including
such well known children's brands as Transformers, Care Bears, Ninja Turtles and
Action Man.

Enquiries:

Air Music and Media Group plc
www.airmusicandmedia.com

John French, Chairman 078 3672 2482

Seymour Pierce 020 7107 8000
Mark Percy / Ewan Leggat



Air Music & Media Group PLC
12 September 2005


12 SEPTEMBER 2005

AIR MUSIC & MEDIA GROUP PLC
('Air Music' or 'the Company')

Appointment of PR Adviser

The Board of Air Music, the UK publisher and distributor of affordable
entertainment to over 55 countries, today announces that it has appointed
Bishopsgate Communications Ltd ('Bishopsgate') as its Financial & Corporate PR
and Investor Relations adviser, with effect from 1 October 2005.

Bishopsgate's initial role will be to clearly communicate Air Music's definitive
strategy and strong position within the Media and Entertainment sector;
including the differentiation of the business from quasi-comparable players in
the sector.

Commenting on today's appointment, John French, Air Music's Chairman, said:
'The Board is delighted at today's appointment. Bishopsgate will initially focus
on communicating the Company's differentiating factors that set the business
apart from other operators in the sector. Having personally worked closely
alongside the team in my other City roles, I believe their proactive and all
encompassing service will strengthen our advisory network and greatly benefit
the Company moving forward.'

---ends---

Enquiries:

Air Music and Media Group plc
John French, Chairman 078 3672 2482

www.airmusicandmedia.com


Bishopsgate Communications Ltd. 020 7430 1600
Maxine Barnes
Dominic Barretto 07930 450 156

www.bishopsgatecommunications.com



wilbs

The announcement did a lot for the share price didn't it ?
(I suppose it was on it's way down anyway)..

Pants all round this morning !

I guess Sept/Oct are not traditionally good months for equities... it's no different this year.. need to wait for Nov and beyond for equties in general (&AMU) to recover !

Skyhigh - Look at the big picture, DVD bundling was profitable when DVD players first came out to help sell the product. Nowadays with DVD player prices so low the additional bundle isn't selling the product especially as in general DVDs have become cheaper. Lets face it Hollywood DVDs titles are crap!!! I've looked at them and many films are either non hits or very old which lets face it apart from an actor enthusiast who wants to buy them? You spot the old classic in the range cos I couldn't find one!!

I think this is a good move by AMU to cut their losses and move on to sellable products. At least with titles held by Maximum Entertainment Ltd they are sellable. Old cartoon titles especially the high fantasy ones never go out of fashion, well not until the movie has been made anyway. I would for one be more worried about the board if they were unable to make this call.

Regarding the announcement of a PR I'm very pleased. Been moaning about the lact of announcements from AMU for soooooooooo long now. About time and thankfully with Hollywood DVD out the way AMUs PR can consentrate on marketing products which people do want to buy.

Wilbs - Big thankyou for the postings.
1704 - Won't be able to make an AGM, start new job on the 26th so time off will not be easy!!

Take your point Ex.. but... it's not done anything for the SP.... :(

Skyhigh-Also disappointed about the lack of market reaction
regarding the two RNS. However, from past mistakes I've
stopped trying to predict when the share price will move
upwards. Fingers crossed it will be soon.

Explosive
Agree with the points you raised about Hollywood DVD and
still laugthing about the points you raised about the crap
DVD titles. Personally, I am pleased to see they have taken
action to ditch this loss maker. Be interesting to see if they
can make Maximum Entertainment the money spinner I reckon
it is. As for Redleaf the less said the better.
Good luck with the new job.

Wilbs-
I've stopped reading RHPS with regards to AMU for several
months now. Been disappointed for several weeks/months
over the poor coverage given to AMU. His most recent
comments are a joke and does not tell us anything.