ptholden
- 24 Aug 2004 21:52
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
- 20 Oct 2005 20:17
- 213 of 276
1704 & Goal - Hope you've not lost your faith in this share guys!! We knew this was going to happen after the RHPS sell verdict. Anyway hasn't Seymore Pierce recently become a 'market maker' if so the share price reflects a broker protecting the sell volume by reducing the share price!! (A good time to buy maybe!!) What I find interesting at the moment is this;
26/09/2006 AGM
"I would finally like to announce that the Board is currently trialing new
initiatives to new customers, and I look to the future of the business with
confidence."
Now to me that only means one thing, distribution right at the seansons peak time for DVD sales Christmas.... Anyone done any digging or know anything?????
Now we all know whats installed for next year when a certain movie ramps up and helps the old cartoon DVD sales in Maximum... But to fully expoit this situation AMU have to achieve great market saturation of their DVD's!! I have noticed whilst food shopping the Supermarkets are stocking popular cartoons, maybe this is what AMU are referring to..... With Speilbergs Transformers the movie coming to set I guess AMU will decide who gets to sell the original cartoons that, I would have thought will hit the shops just before the film trailers hit our sets.....
explosive
- 20 Oct 2005 20:21
- 214 of 276
1704
- 21 Oct 2005 13:11
- 215 of 276
Explosive
Thanks for your post. This will probably be the last one from
me until the Interim Results next month. I should think quite
a few of us want to ensure that the AGM statement (trading is going well)
is actually reflected in the interim results. I think a lot of us
got caught out with the notorious Jan 2005 Trading Statement
which built up expectations ahead of the July 05 results before
Hollwood DVD problems were announced.
The 'City' is now sceptical of announcements from AMU and needs
to be convinced that the company can deliver. The PR work has
been poor throughout the year and AMU has not made it clear
that Redworth actually took over AMU in a reverse takeover and
not the other way around. The Redworth Management Team now
own over 40% of the company and are now in charge of the day-to-
day operations with Mark Frey in charge of Acquisitions and Product
Development. The July 05 results would have been even worse
without the 6 months contribution from Redworth. The interims will
show the 12 months trading performance.
The company should change its name from AMU and now call itself
'Air Group' or Redworth. The name AMU is misleading because it is
not a music or media company. Following the reverse takeover it
also has a new management team with a proven track record of
achieving rising sales and profits. The PR problem comes from the
fact that they have not got this message across.
Despite the hype about this company and its growth potential
the share price has continued to fall. I want to see the Interim
figures before making anymore comments.
explosive
- 24 Oct 2005 22:52
- 216 of 276
Evening all.
Todays RNS releases for anyone interested or didn't know. Will be very interested to see what happens to the share price tomorrow with the 3.790m ordinary shares being admitted to the AIM.
Air Music & Media Group PLC
24 October 2005
Air Music and Media Group plc (the "Company")
Holding in Company
The Company was informed on Thursday 20th October 2005 that Michael Infante has
sold 17,090,000 ordinary shares in the Company and now holds 9,750,000 ordinary
shares, which represents approximately 1.9% of the issued share capital.
This information is provided by RNS
The company news service from the London Stock Exchange
Air Music & Media Group PLC
24 October 2005
Air Music and Media Group plc (the "Company")
Further re Holding in Company
Further to today's announcement, the Company has been informed of the following
details regarding the disposal of 17,090,000 shares by Michael Infante:
Date of trade No. of shares sold Price dealt
07/09/05 1,600,000 5.125p
22/09/05 10,250,000 4p
27/09/05 5,240,000 4p
Michael Infante no longer has a notifiable shareholding in the Company.
This information is provided by RNS
The company news service from the London Stock Exchange
Air Music & Media Group PLC
24 October 2005
AIR MUSIC & MEDIA GROUP PLC
("the Company")
Additional Listing
Further to the announcement made on 6 September 2005, regarding the acquisition
of Maximum Entertainment Limited, the 3,790,002 new ordinary shares issued at 8p
as part of the consideration are expected to be admitted to trading on AIM on 25
October 2005.
Maximum Entertainment Limited owns the exclusive licence to duplicate and
distribute certain Jetix titles, which include such well known childrens brands
as Transformers, Care Bears, Ninja Turtles and Action Man, by way of VHS and DVD
in the UK, Channel Irelands and Eire.
Enquiries:
Air Music and Media Group plc
John French, Chairman 07836 722 482
www.airmusicandmedia.com
Bishopsgate Communications Ltd. 020 7430 1600
Maxine Barnes
Dominic Barretto
www.bishopsgatecommunications.com
This information is provided by RNS
The company news service from the London Stock Exchange
Further to previous comments regarding DVD distribution. I've not noticed these sites selling Maximum Entertainment DVDs before. They may be new and if so back up what 1704 mentions above regarding the new management teams ability to achieve rising sales and profits.
http://uk.nextag.com/MAXIMUM-ENTERTAINMENT-Films--t-more-mfr-_-1--zz10150000zMAXIMUM+ENTERTAINMENTzukzB11z5---html
http://www.bensonsworld.co.uk/DVD-browse/studio.asp?studio=6000000001515
http://dvd.ciao.co.uk/Family_5291512_2-maximum_entertainment
mackem
- 24 Oct 2005 23:08
- 217 of 276
As normal with our lovely AIM stocks is the time it takes to tell
joe public that Mr Infante has sold a considerable sum.
23 days before the company is informed, i mean in theory he could
have sold the rest (9.75mil) and will inform the company when or
if he feels like it, a die hard would have to go through all of this months
trade data to see if any more large block sales have gone through
although you would think he would have said on the 20th if he had sold
any more since October but you just cannot trust anybody thesedays
where AIM stocks and their large holders are concerned.
Like Touch, one to watch for when the big seller is totally cleared, if MI
still holds just under 10 mil it's wont take long to find a buyer soon so
keep your eyes open for a big cross trade or 2 large trades that first appear
as a rollover but are actually a sell and buy with commission only to the
market maker who does the deal.
explosive
- 25 Oct 2005 21:26
- 218 of 276
Mackem I fail to see your point. I would like however to know who paid 4p for 10.250m shares on the 22/09.... There are 506.89m AMU shares in issue and a trade of 10.250m represents around 2% ownership.
mackem
- 28 Oct 2005 12:21
- 219 of 276
Those shares could have been sold via a worked order so maybe not
just one buyer put lots of smaller buyers.
One thing that always annoys me in a stock is when a mm sells stock
or buys stock to take out a certain price but is not prepared to move
up or down to that price, a mm sells 3.25p so why do they not move
to 3.25p offer if they want to sell stock ?
skyhigh
- 28 Oct 2005 12:30
- 220 of 276
However you look at it - mms always win out and we get stitched up one way or another. I was done up like a kipper on this one (mainly thanks to RHPS!)....
These things go in cycles so will wait untill market sentiment is better and there has been some good news with AMU to allow the SP to recover to somewhere where I got in (8.25p)... I think the sp will go down a bit more, say, sub 3p to buy.. If they do I might even top up !
explosive
- 28 Oct 2005 22:02
- 221 of 276
Skyhigh - I think you just hit the nail on the head there. I was listened to RHPS and didn't bother to do much of my own research.... I know me own fault... I think my confidence is now falling faster than the sp. Currently I'm debating on taking the loss and moving on as I think shares such as Griffin Mining will make my money back quicker then waiting for AMU.
I am also consious that AMU has creditors due within 1 yr of 22.63 against current assets of 0.22 and money in the bank of 3.58. We've seen very little publicity or news regarding sales or forecasted sales. The only way AMU can meet their creditor figure is through raising money issuing further shares which will only compound their current sp position.
Failing that as 1704 stated we need assurance that trading is going well, who is actully running the company AMU or Redworth? Personally I'd also like assurance AMU are not in the middle of a management power struggle...
mackem
- 04 Nov 2005 11:25
- 222 of 276
I did take advantage of winterfloods going out on a limb when
they dropped it to 3.25p offer to pick up a very small amount
of stock for 3.12p mid price which was very generous on Wednesday.
Not interested in making half a pence on these, i just think that
it's worth having a small nibble everytime the offer gets below
3.3p because at some point this M Infante overhang is going to
get cleared, remember he kept it quiet and left it for almost a
month to disclose he had sold several million so he could well be
doing it again, i dont want to risk being offline when a very large
cross trade goes through and he has sold out completely because
it will happen at some point because he looks intent on selling completely
or a sudden announcement is made that he has sold up.
Still a risky play, cannot really make accurate judgements to how well
the business is performing, i like to think at 3p however the stock is good value.
explosive
- 09 Nov 2005 20:06
- 223 of 276
Toys 'R' Us have increased there carebears range. Also GameBoy Advance release there "CareBears Care Quest" game on the 11/11/05. Seams the brand is making a comeback also.
http://www.play.com/play247.asp?pa=rcs&page=title&r=GBA&title=709859
http://www.toysrus.co.uk/searchresults.aspx?kw=care%20bears&zone=tru&cat=truhome\trutoys\trutoyscarebears\
mackem
- 09 Nov 2005 21:58
- 224 of 276
I see the mm's have dropped it again to make the stock
a buying opportunity.
skyhigh
- 10 Nov 2005 08:12
- 225 of 276
yes, good buying opportunity. Might get some more at these levels to av. down,, wouldn't be surprised to see these go down a little bit more yet.
skyhigh
- 10 Nov 2005 16:22
- 226 of 276
Looks as though we're going sub 3p .... then onto 2.5p might go in then....
Must be something going on for this to drop so far, so quickly.... anyone any ideas ?
explosive
- 10 Nov 2005 18:44
- 227 of 276
Hollywood DVD was left to go into administration and I got the feeling AMU is going the same way.... Can't think of any other reason why the board have kept quiet with the ongoing sp landslide. I can't imagine there will be any announcement nw until end of Jan '06. Keeping a close eye on our products route to market as xmas is when trade is best for AMU...
1704
- 11 Nov 2005 11:43
- 228 of 276
Explosive
The AGM Statement does not back up your view that AMU is
going into administration like one its subsidiaries (Hollywood DVD).
All eyes are on the Interim Results which are expected to be
released at the end of this month with a updated Broker Note.
The July 05 results showed the performance of the Redworth
subsidiaries over a 6 months period which were impressive.
The Interims will show the performance of Redworth over
a 1 year period. I believe we have a rare case of a profitable
company with a good management team but a share price
which does not reflect this. The sooner Michael Infante
sells his remaining shares and clears the stock overhang the
better.
I think it is sensible to wait for the Interims and Broker Note
before drawing a conclusion on these.
explosive
- 14 Nov 2005 19:57
- 229 of 276
If true 1704 then very rare is an understatement... More like a dinosar in modern times find....
All the same I'll staying in, too much lost to venture on else where. Curious also as this share makes little sense
1704
- 15 Nov 2005 11:05
- 230 of 276
Explosive
I think a few of us are in the same position as you regarding
''staying in, too much to venture on else where''. The share
price indeed makes little sense.
It is interesting to note that last week the FSA took action against
a couple of Directors whom issued a trading statement that was
deliberately misleading. The recent AGM Statement by AMU informed
us that underlying trading was going well and if the interims do not
correspond with that statement I believe the Directors should have
a case to answer for.
Personally, I think the Interims should be quite good but I am expecting
to hear the results of the recent Strategic Review (Cost Cuts being
identified) especially after the Hollywood DVD problems.
A few discussion boards (ADVFN, iii) have been speculating that AMU is
going bust because of the falling share price and the Hollywood DVD
write off. However, I don't believe there is any truth in this rumour.
Hollywood DVD made up less than 10% of the turnover last year and
I think the market has greatly over-reacted to the subsidiary (one of
many that makes up the Air Group).
I'm expecting a tick up after the interims and believe if the marketing
of Maximum Entertainment products goes well the loss of sales from
Hollywood DVD will be overcome. I think things look okay for 2007 and
2008. My advice (which I am following is to hold).
explosive
- 15 Nov 2005 22:51
- 231 of 276
1704 - Thanks for your post. Normally I would agree with you however the directors haven't been entirely honest with their trading statement which failed to identify or acknowledge problems with Holywood DVD or costs requiring attention.
I believe that it is the fact that the board have kept quiet and kept shareholders from the news which is the true reason the sp has fallen. Even if interims are good the damage has been done and the board lost credability within the city. Should the board remain this will be timely to recover. I think a shuffle in the ranks is coming, the share shows the signs of a power struggle.
AMU needs leadership thats trusted and with the current board its signals aren't clear. I agree with your hold but only as I'm down 62% on this share and think a recovery will come with the products aquired in the Maximum Entertainment aquisition. Should no direction be found and improvement to the boards image not gained the sp will surely slip futher. This ultimatly will result in AMU being aquired by another or left for the vultures.
1704
- 16 Nov 2005 17:38
- 232 of 276
Explosive-Thanks for your post but have to disagree with a few
of your points.
I think what is largely to blame for the share price slump is the
Jan 05 Trading Statement which was very positive and upbeat
raising expectations in the City that the July 05 Results would
be excellent. No body outside the AMU Board forsaw the problems with
Hollywood DVD and the Directors should have communicated this
prior to the results. The share price has continued to slump since
the results because of the downgrade from 'buy' to 'hold' from
Seymour Pierce in Sept 05 which also slashed 2m plus from its profit
forecasts. The selling of 22m shares by Michael Infante (a former
Director and co-founder of AMU) has not helped and tip sheets
like Red Hot Penny Shares recommending these as a 'sell' in
September have all contributed to the negative sentiment.
It is not difficult for companies to gain back credibility in the
'City' as long as they can convince the market that the company
has a future. Which is why I am content to wait and see what
figures are in the interims.
A restructure of the AMU Board has already taken place this year
and has resulted with the resignations of Michael Infante and
Ruth Salsbury. Trevor Allan and Mark Frey are co CEO's. A strategic
review has been carried out since July 05 and I expect to hear plans
for cost cuts after the Interims. I'm also expecting to see Bishopsgate
start earning their fees.
Communication is the main thing that needs to improve with AMU and
they don't need to waste money hiring PR companies like Redleaf
or Bishopsgate to use common sense. A small British company that exports
products to 55 countries worldwide from a Distribution Centre is a great
story to tell. My frustration comes from the fact that they don't tell it.
As soon as they start to tell it these shares will zoom!