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.

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.

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 ?

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...

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.

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

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).

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.

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!

1704 - Hope your right and the mud doesn't stick mate....

Explosive

The market has over-reacted to the Hollywood DVD problems
which was brought about by the company itself issuing that
notorious Jan 05 Trading Statement and not making us aware
of the problems until the July 05 results.
AMU as a group is made up of 6-10 different subsidiaries and
although one of the subsidiaries has been put into administration
it does not follow that the whole company is in a financial mess
and about to go bankrupt. In fact it is silly to come to that
conclusion after reading the July 05 results and the recent
AGM statement.
This share price is long overdue a re-rating and will get it if the
Interims do not have any hidden nasties/further suprises and
the mms start dealing us a fair hand.

All the Best

9.91% rise on today, 1704 no sooner than you spoke....

Explosive

In a fair world we would have seen a sustained upwards
movement yesterday after the series of 'buys' but as for
most of the year the MMs are preventing this. Where as
a small 'sell' order of 10k will make this share price drop
by 10% no matter what volume of 'buys' go through the
share price does not budge.
I've been observing this for month and until this issue is
addressed the share price will not reflect its true worth.
Personally, I think the behaviour of the MMs should be
looked at by the FSA especially with regards to the
regular wide price spreads.

Pleased I will be away for a couple of weeks after today
the behaviour of the MMs is a scandal. The Interims should
be released by the time I come back and I hope it brings
some cheer to shareholders. This has been a rotten year
holding this stock lets hope things start to improve.

All the Best

Well chaps its official the results will be released
on the 12th December 05. A nice little tick upwards
as a result of the announcement.

Lovely day to release them too-because it my
missus Birthday.
I'm now off on annual leave for 2 weeks.

Still think the share price will finish the year between
6-8p (just my own view of course).

All the Best

1704 - I hope your right with that prediction.

Explosive

So do I mate. So do I.

It has been a rotten year holding this share but I still got
faith. I was one of only two shareholders who attended
the AGM in September 05. Following on from the AGM in October 05
myself and the other shareholder were invited up to the Distribution
Centre in Leyland (Lancashire) where we had a look at the operations
and spoke with the Redworth Directors, Trevor Allan, Alex Sorrell
and Janice Beer. Anyone of you living in the North or with time to
spare to travel up to the Distribution Centre should do so. It is
a very impressive operation and it is easy to understand how
Redworth has achieved such quick and strong growth over the last
few years. This period is there busiest and they are working 7 days
a week to meet orders. Music Box already supply all of the Morrisons
and Wilkinson Stores. They are now piloting some products with some
post office branches. The AGM Statement says something of ''piloting
new initiatives to new customers''.
I went to the AGM and up to the Distribution Centre to find out whether
the company is in financial trouble which was resulting with the share
price collapse. From what I have heard and seen the answer is no.
Poor communication is the problem and I hope Bishopsgate get busy
from the 12/12/05 which I think they will.
The Redworth Directors are now in charge of the day-to-day operations
of AMU and all products are distributed from Lancashire. These Directors
are also the main shareholders (apart from Mark Frey) it is in their
interest to ensure that the share price recovers.
This share remains a long-term hold for me especially considering the
Maximum Entertainment deal.

I wish one of you guys would go on the AMU website and contact
Head Office yourself and arrange a visit to Leyland. Best to act
on facts and not rumours.

All the Best

+4.35% rise in last week, with results on the 12th does the city now consider this share undervalued???

This information is provided by RNS
The company news service from the London Stock Exchange

Air Music & Media Group PLC
12 December 2005


12 DECEMBER 2005

AIR MUSIC & MEDIA GROUP PLC
("AIR GROUP" or "THE COMPANY")

INTERIM RESULTS FOR THE SIX MONTH PERIOD
ENDED 30 SEPTEMBER 2005

The Board of Air Group, the UK distributor of home entertainment products, is
pleased to announce its Interim Results for the six months ended 30 September
2005.

HIGHLIGHTS:

280% increase in turnover for the period compared with the same period
last year;

41% increase in profit before taxation, goodwill amortisation and
exceptional charges;

Exit from loss-making Hollywood DVD subsidiary;

Streamlined and rationalised Head Office that will result in reduced
overheads and increased efficiency; and

Core business is now well-placed to enhance profitability.

John French, Chairman of Air Group said: "The core business is now well-placed
to enhance profitability by expanding its customer base and product offering. In
addition, the Board will continue to evaluate strategic acquisition
opportunities as they arise."

Enquiries:

Air Music & Media Group plc
Alex Sorrell, Finance Director Tel: 01772 455 000

Bishopsgate Communications Ltd. Tel: 020 7430 1600
Maxine Barnes Mobile: 07860 489 571
Nick Rome Mobile: 07748 325 236



CHAIRMAN'S STATEMENT

I am pleased to announce the interim results for the six months to 30 September
2005.

Results
Turnover for the period grew by 280% to 29.8 million, with operating profit
before goodwill amortisation of 863,000 and exceptional items of 1,364,000
increasing by 76% to 1,300,000. Interest payable during the period was 314,000
resulting in a loss before tax of 1,241,000. Profit before taxation, goodwill
amortisation and exceptional charges was 41% higher at 986,000. Basic loss per
share for the period was 0.30p whilst normalised earnings per share (after
adjusting for goodwill amortisation and exceptional charges) was 0.14p.

This trading period incorporates the costs associated with the strategic review,
announced in July 2005, which has seen a number of changes for the Air Group.
The following is a summary of the key areas:

The Air Group exited its loss making Hollywood DVD subsidiary and placed
the company in the hands of administrators.
During the past six months the Board has also been rationalised with a
number of Board changes resulting in a smaller but clearly focused Executive
Board, and
The corporate, distribution, IT and finance functions that were
historically attached to the Head Office in Berkhamsted have been
incorporated into the distribution business in Leyland, creating centralised
functions servicing all the UK businesses within the Air Group. There are
overhead savings created by the centralisation of the distribution and
finance functions that will benefit the Air Group during the next full
financial year.


Current Trading
The Air Group's current operations fall into two clear areas; distribution and
publishing. Our distribution business, predominantly Music Box Leisure ("MBL"),
has performed to our expectations since acquisition. Our publishing division has
been under pressure in the UK, with CD publishing sales showing a decline of 12%
and DVD publishing sales falling 76%. However, Legacy, our North American
business, has shown sales growth of 3%.

It is the Board's intention to focus its efforts on the proven distribution
model of the MBL business, with the publishing division providing proprietary
goods for MBL and seeking to develop the DVD publishing operation concentrating
on more profitable niche market areas. In September 2005 the Air Group acquired
Maximum Entertainment, which licenses a portfolio of children's DVD titles
including Transformers, Care Bears and Action Man.


Outlook
Following the strategic review, the core business is now well-placed to enhance
profitability by expanding its customer base and product offering. In addition,
the Board will continue to evaluate strategic acquisition opportunities as they
arise. We are currently in our most critical period of the year, with the
Christmas trading quarter anticipated to account for almost 30% of annual sales.
Even in early December it still remains difficult to assess how successful
retail activity will be this Christmas and the Board retains a cautious view on
Christmas trading.

Continuing with the rationalisation of the Board, Nick Fisher, currently a
non-executive director, has elected to step down from the Board with immediate
effect. Jan Beer, currently an executive director, has also announced her
intention to step down from the Board to focus on the further development of
MBL.

I have been Non-Executive Chairman of the Group since 2001, helping the Company
move from a private concern to the OFEX market and then to the AIM market in
2002. However, due to an increased workload with my other companies I feel that
this is an appropriate time for me to announce my intention to step down as
Non-Executive Chairman. I will stay in place until the Board identifies a
suitable replacement. I have enjoyed working with the team at Air Group and wish
them well for the future.

John French
Chairman
09 December 2005



This information is provided by RNS
The company news service from the London Stock Exchange

Air Music & Media Group PLC
03 January 2006


Air Music and Media Group plc
("Air Group" or the "Company")

Notice of EGM

Air Group, the UK distributor of home entertainment products, has posted to
shareholders a notice convening an extraordinary general meeting on 27 January
2006.

The resolutions to be tabled at the EGM propose to authorise the directors to
allot ordinary shares of 2.5 pence in the capital of the Company, to authorise
the Company to buy back up to a certain number of ordinary shares and to
consolidate every 30 issued and unissued Ordinary Shares into one ordinary share
of 75 pence.

Copies of the notice of EGM are available from the offices of Air Group at Unit
9, Lancashire Enterprise Business Park, Centurion Way, Leyland, Lancashire, PR26
6TZ.



This information is provided by RNS
The company news service from the London Stock Exchange

Anyone going to the EGM?