Yoomedia ( www.yoomedia.com) are looking for a slice of a 6 Billion pound government payout to provide the likes of interactive voting from your remote control.The market cap could explode if the company wins a slice of the pie.It has recently set up a new division to expoite the tremendous opportunity that this sector has to offer.

A must have share for the long term.Very illiquid stock which translates to relatively small purchases moving the price rapidly.If a big player takes an interest this could honestly move beyond our wildest dreams.

and pigs can fly too

So Dateline is staying (for the time being), debt reduced to 2m from 5.4m, is this the beginning of a turnaround? I think the up-date can be viewed as positive because if it wasn't I'm sure tvc15 would have posted here by now.
2517

Taken from iii.


Great news everybody! LLoyds have ran away. But we got some more money from some media investment types. H1 was more bad than we told you before. But it's OK because full year will be ok. We could not sell Dateline. But its ok because we will sell it at some other time. We are going to throw all the costs associated with Catalyst into this years figures so expect these to be bad. But it's ok because we will see something better next year.

We are now better placed financially that we have been for a long time, having managed to consistently lose money. We now have to borrow money at huge cost to the potential upside in the Share price as well as pay extortionate arrangement fees. We dont feel that we even have to bother telling you the cost of borrowing from our new friends at MMI, because you know it was expensive. But hey its ok as well because the bank wanted out.

This company is a disgrace.

I agree very positive, as for tvc he has to wait for a post on advfn that he can copy as he has no brain to create a post himself what you would call an empty barrel.

as i type he appears , dont know what rubbish he is spouting as i have him squelched

LONDON (AFX) - Shares in YooMedia PLC were flat in midmorning deals as the
multimedia firm said it expects to achieve positive EBITDA this year, leading
Seymour Pierce to reiterate its 'buy' stance, dealers said.
YooMedia, which is in its final stages of restructuring, reiterated its
expectation to post positive EBITDA in 2006 but warned that unaudited interim
results indicate an outcome below expectations.
The company will release its interim results in September.
Seymour Pierce noted that YooMedia this morning announced it has replaced
its bank facilities from Lloyds TSB with new facilities from Mentor Marketing &
Investment Ltd.
This switch should provide YooMedia with extra flexibility in its financing
and allow it to complete the restructuring of its business activities, which is
well advanced, it added.
One such division, Seymour said, is YooMedia's Dating business, which has
been under strategic review. The company should now be able to make the required
investment into this division, the broker said.
The broker added that refinancing further strengthens YooMedia's balance
sheet, doubts over which have contributed to weakness in its share price over
recent months.
At 10.45 shares were flat at 2.50 pence.
newsdesk@afxnews.com
bk/abr

COPYRIGHT

Copyright AFX News Limited 2005. All rights reserved.

Forecast Dateline GP for 2006, 4.07m - go figure!

Revenues and gross margin
Overall, we expect Dating to show pro-forma revenue growth of around 13%
in 2005. Marketing is the key stimulus and driver for revenues. In October
and November, revenues were, however, adversely affected by
experimentation with the marketing mix (between online marketing and
advertising in traditional media). Despite profits being held back by this, we
are expecting the division to show a gross profit of around 2.8m and margin
of over 60%. With the lessons learned from the trials in 2005, we expect
revenue growth to accelerate to around 40% for the current year, driven by a
trebling in Datelines online turnover. The cessation of the low margin
YooChat revenues and more effective online marketing search engine
optimisation should contribute to lift gross margins over 65%.

Overheads staff and premises
YooMedias overhead base comprises three main cost categories. Staff
costs are by far the largest, as illustrated in our estimated breakdown for
2005. With the recent steps taken, as described above, we expect that staff
costs will fall by c. 11% in 2006

I see YOO are going to change their name to BOR ( the borrowers).

I see tvc15 is going to change his name to RUAUP (Really Useful And Unbiased Poster).

or MacTavish :-O






oh, no need ;-)

AGM notes from Paul Smith on III

All resolutions were passed, which included both Michael Sinclair and Neil MacDonald both being re-elected as Directors, and why not after they totally had to point the company in a totally different direction at short notice.

Michael Sinclair confirmed the devastaing financial effect that the delay to the WH contract had on Yoomedia, through no fault of their own.

After delays, caused by the WH takeover of Stanley Leisure, the income that this was forecast to produce, which would have enabled Yoomedia to market and develop its own product,did not matrialise as we know.

With the effect of starving the company of cash, a dramatic new approach was taken to steer the company in the direction of B2B rather than B2C, whereby forging partnerships with third parties, such as Gala, Sony, Gemstar, Electra and Virgin, meant that heavy marketing costs that would had to have been carried out by Yoomedia, would now be carried out by their partners, to a much increased customer base.

The fact that the company are still here, with finance in place, where Michael Sinclair declared 2006 should produce CF+, is a cedit to the whole team at Yoomedia.

When asked about the lack of support from Lloyds TSB, he confirmed he was as shocked as anyone as to why they would not back the company. he did confirm that it was always the companies intention to seek a financial instrument such as the convertable loan note which was discussed internally last August, and he was plessed that ulimately JP Morgan are ultimatly behind a substancial element of the loan note, who have in excess of 16 Billion of funds under management.

It was made very clear to us that Yoomedia's cutting edge technology has meant the likes of Sony and Gemstar had no other option but to use Yoomedia for its enhanced datacasting services over the internet, it was also made clear that Gala had very little choice available to make its customer accounts available from one one e-wallet, to enable its vast customer base to be able to play its games on DTV, Internet and Mobile.

Michael Sinclair also declared that serveral approaches for Dateline were made, either as an outright purchase, a joint venture, and the company even considered floating the company as a separate company.

He did confirm that a deal was in advanced stages of negotiation, where a figure acceptable to the company had been agreed, but where the purchaser ultimately was not able to raise enough finance.

Michael Sinclair confirmed that the online Dateline business is a sound business, and its gross profits declared in the last results, should lead people to their own conclusions as to the overal profitability of Dateline, and to that extent, the company will not let go of this business until its true value is realised, he did not rule out still selling off Dateline, and even today they are still getting interest from possible buyers.

He confirmed, that for reasons already discussed, financially it was a difficult 12 months for the company, and the situation they are in today would not have been possible without the combined effort of all employees concerned, especially the dedication of Neil MacDonald.

The partnership with ICTV is a significant partnership, with over $ 170 million over 8 years ploughed into ICTV by the lauder family ( Estee Lauder ), it was very significant that it chose Yoomedia to partner it in the jointly owned 4GTV company ( formally Boadband TV ), and again reiterates the significance of Yoomedias Intellectual Property, the UK is currently ahead of the US by 18 - 24 months in this field, so we can assume that interantional business will follow from this partnership.

We learn't that the Braodband TV trial with NTL was very successful, but again, since this occurance NTL have now had to restructure and combine three companies, NTL, Telewest and more recently Virgin, again this has caused delays for Yoomedia,again, something they have no control over.

Michael Sinclair would not be drawn on whether the current SP is far below what he believes the company is worth, but asked us to draw our own conclusions on what we know about the company, unfortunately, for now, we is well aware that the market is juding the company on its finacial performance, and once again we confirmed the company is working on returning shareholder value, and stated once again his ambition for the company to be CF+ during 2006.

He did say he would love to be able to provide us with the companies own internal financial forecasts, but unfortunately AIM rules would not allow him to do so.

One other important factor he confirmed is the fact that the company has been in a close period for the last 8 months, which it would continue to be at least until September when the interim results are to be announced.

Unfortunately, at any one time their is lot of price sensitive information around commented Non Exec Richard Blake, so you can read into that what you like, also, it would make sence as to why the directors are not able to buy at these levels.

Overall, I was happy with the meeting, again, I reaffirm my own opinion that Michale Sinclair is a genuine person, with a futeristic view on the transformation of TV and converging media's over the coming years, for which Yoomedia are at the leading edge for the technology required to take advantage of the market, both here in the UK and internationally.

With some of the doubters on this BB and ADVF, I was surprised that NONE of them turned up to give the management a grilling, which I suppose rather does expose their motives on a public BB.

Regards

Paul

sorry, wrong message!

john50, thanks for an excellent summary.

Nearly 6 to 1 buys outnumber sells & the sp drops.
2517

So what does that tell you ???

Not looking very clever. Steer clear.

http://www.yoomedia.com/services/enhanced/YESPresenatation/

http://www.newmediazero.com/Articles/28615/YooMedia+reconsiders+dating+business+.html

From the ADVFN board



Subject: YooMedia AGM Statement
Date: 24/07/2006 14:49:46 GMT Standard Time
From: isabel@sbmf.co.uk
Reply To:
To: info@sbmf.co.uk

YooMedia plc / Ticker: YOO / Index: AIM / Sector: Media



24 July 2006

YooMedia plc (YooMedia or the Company)



Results of AGM



YooMedia plc, the AIM-traded interactive media and gaming group, held its Annual General Meeting today and all resolutions were duly passed. At the meeting, Chairman Michael Sinclair made the following statement:



As mentioned in the statement released to the market on Friday 21 July, with new banking facilities in place we remain focused on exploiting our intellectual property and building a leading interactive media and gaming group.



In response to a question raised by a shareholder with regards to YooMedias exposure to the US internet gaming industry regulations, I can confirm that YooMedia does not operate any offshore betting or gambling. It operates under a UK fixed odds bookmakers permit and only permits gaming accounts to be opened within the UK.



* * ENDS * *



Contacts:

YooMedia plc

Neil MacDonald, Group Managing Director

Tel: 020 7462 0870



St Brides Media & Finance Ltd

Isabel Crossley

Tel: 020 7242 4477



Notes on YooMedia plc:

YooMedia is one of the fastest growing interactive entertainment companies in the UK. Essentially, it develops and delivers premium interactive content and services to households and individuals via TV, the web, telephony and mobile phones. It has four main divisions:

YooMedia Dating - manages dating brands including Dateline and Avenues from over 20 locations throughout the UK. Operates across traditional media, digital TV, internet and mobile phones.

YooMedia Gambling & Games - interactive fixed odds, play for fun casino and poker related games services for digital TV, the web and mobile phones. Brands include Channel 852, operated on behalf of William Hill, and Avago, which was established by YooMedia and is now managed on behalf of Gala Group.

YooMedia Interactive Services - delivers interactive content that enhances consumer and audience experiences. Customers include the BBC, Nestle, Celador, Channel 4, The Cartoon Network, Anheuser Busch, and HR Owen.

YooMedia Public Sector provides digital solutions/media services to leading public sector organisations including the NHS Direct Interactive TV service, the Learning and Skills Council TV Kickstart service and a range of local authority TV services.



The Groups experienced management team includes: Chairman, Dr. Michael Sinclair, who holds a number of directorships in both the UK and the USA having previously founded Lifetime Corporation; and Managing Director, Neil MacDonald, whose career spans 11 years in multimedia and interactive sectors plus a further 19 years in the retail industry.



Isabel Crossley

St Brides Media & Finance Ltd

Aldermary House, 10-15 Queen Street

London EC4N 1TX

Tel: 020 7242 4477

Fax: 020 7651 8689

Email: isabel@sbmf.co.uk

First line of notes should read "YooMedia is one of the fastest burners of shareholders cash currently listed in the UK."