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
- 16 Nov 2005 19:54
- 233 of 276
1704 - Hope your right and the mud doesn't stick mate....
1704
- 17 Nov 2005 11:26
- 234 of 276
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
explosive
- 17 Nov 2005 20:00
- 235 of 276
9.91% rise on today, 1704 no sooner than you spoke....
1704
- 18 Nov 2005 10:44
- 236 of 276
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
1704
- 18 Nov 2005 18:11
- 237 of 276
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
explosive
- 18 Nov 2005 18:27
- 238 of 276
1704 - I hope your right with that prediction.
1704
- 18 Nov 2005 19:45
- 239 of 276
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
explosive
- 02 Dec 2005 01:08
- 240 of 276
+4.35% rise in last week, with results on the 12th does the city now consider this share undervalued???
explosive
- 12 Dec 2005 19:19
- 241 of 276
This information is provided by RNS
The company news service from the London Stock Exchange
explosive
- 12 Dec 2005 19:22
- 242 of 276
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
explosive
- 03 Jan 2006 18:38
- 243 of 276
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
explosive
- 17 Jan 2006 22:50
- 244 of 276
Anyone going to the EGM?
explosive
- 25 Jan 2006 21:20
- 245 of 276
SP rose 35% today with the below news, will it continue to do so??? Price is very cheap at the moment but I expect this to change..
Air Music & Media Group PLC
25 January 2006
FOR IMMEDIATE RELEASE 25 JANUARY 2006
Air Music & Media Group plc
("Air Group" or "the Group")
TRADING UPDATE
Trading in line with expectations
The Board of Air Group, the UK distributor of home entertainment products,
provides shareholders today with a Trading Update.
HIGHLIGHTS:
Christmas sales in line with management expectations;
Confidence in full year results meeting market expectations;
Successful centralisation of UK distribution - anticipated to generate
future overhead savings;
Pilot scheme of retail outlets for Air Group's product range;
Exclusive supply arrangement with Universal Music for selected products;
Group remained comfortably within its banking facilities; and
EGM called for 27 January 2006.
Sales in the critical Christmas trading period were in line with management
expectations. Trading performance in January 2006 has also performed well and,
accordingly, the Directors remain confident that the full year results will meet
market expectations.
The caution the Board expressed in mid-December, regarding the performance of
retail activity, proved relatively unfounded. Sales for the Group were 26.4
million in the quarter to 31 December 2005, compared to 26.1 million on a
comparable basis in the quarter to 31 December 2004. The activity in the
Christmas trading period gives the Board confidence in achieving sales of
between 68-70 million for the year ending 31 March 2006.
The Group completed the successful centralisation of UK distribution through its
100,000 square foot facility in Leyland, during the busiest period of the year
with no disruption to operations. This is anticipated to generate overhead
savings in the next financial year. In addition, in November the Group commenced
a pilot scheme of introducing retail outlets on a discount/value theme selling
from the Group's existing product range. The Group operated six stores in the
North East of England which generated 0.9 million in sales to 31 December 2005.
The Group has recently entered into an exclusive supply arrangement giving it
access to selected Universal Music budget releases which are produced by
Universal exclusively for the Group. These releases, which appear under the
Group's own-label 'United', raise the overall quality of the Group's own-label
products which previously were restricted to superbudget repertoire.
The Group remained comfortably within its banking facilities during the peak
working capital period, and continued to meet scheduled borrowing repayments.
The Directors acknowledge the low market valuation currently placed on the Group
and in the current situation are not pursuing new acquisition opportunities that
would involve the further issue of shares. The Directors are considering
accelerating the repayment of debt during 2006.
The Company has called an EGM for 27 January 2006 at which time the Board will
seek consent for amongst other things a share consolidation and the authority to
buy back Company shares.
--ENDS--
Enquiries:
AIR MUSIC & MEDIA GROUP PLC
John French, Chairman Tel: 078 3672 2482
Alex Sorrell, Finance Director Tel: 01772 455 000
BISHOPSGATE COMMUNICATIONS LIMITED Tel: 020 7430 1600
Dominic Barretto
Maxine Barnes
skyhigh
- 25 Jan 2006 21:44
- 246 of 276
Cool ! wished I'd topped up these a few days ago when I went into something else..I thought these were going to stay bombed out... still, at least it's good news at last... onwards and upwards !
explosive
- 25 Jan 2006 21:58
- 247 of 276
Skyhigh - Yeah, I bought a few last week and debated over the weekend buying more at the current crazy price.... Always had this will AMU go bust in the back of my head though. The RNS above clearly indicates the company isn't in any difficulty and loooking forward to a move back into happier days!!
explosive
- 27 Jan 2006 15:30
- 248 of 276
Air Music & Media Group PLC
27 January 2006
FOR IMMEDIATE RELEASE 27 JANUARY 2006
Air Music & Media Group plc
("Air Group")
RESULT OF EGM
The Board of Air Group announces that at the Company's Extraordinary General
Meeting held earlier today, all the resolutions were duly passed.
Following the EGM, the Company's ordinary shares of 2.5p each will be
consolidated on a 1 for 30 basis into ordinary shares with a nominal value of
75p each, which are expected to commence trading on AIM on Monday 30 January
2006.
John French, Chairman of Air Group, commented: "We are pleased that all
resolutions have been passed and we hope to maintain the faith of our
shareholders with full year results that will meet market expectations. Despite
the caution we expressed in mid-December, sales in the critical Christmas
trading period were in line with management expectations, and trading in January
2006 has also performed well.
"The Group has successfully centralised UK distribution and as a result expects
to generate future overhead savings. It has also entered into an exclusive
supply arrangement giving it access to selected Universal Music budget releases
which are produced by Universal exclusively for the Group.
"These factors give the Board confidence in achieving sales of between
68million and 70million for the year ending 31 March 2006."
--ENDS--
Enquiries:
AIR MUSIC&MEDIA GROUP PLC
John French, Chairman Tel: 078 3672 2482
BISHOPSGATE COMMUNICATIONS LIMITED Tel: 020 7430 1600
Dominic Barretto
Nick Rome
skyhigh
- 27 Jan 2006 15:52
- 249 of 276
Good stuff... expected to see another rise in the SP.... maybe have to wait a bit..
explosive
- 27 Jan 2006 16:28
- 250 of 276
Yeah I expect so, the 1 for 30 shares should help with a decrease in supply.... Anyway bought a very small number of shares today to round off with the 1 for 30 happening in a few days..
explosive
- 07 Feb 2006 18:36
- 251 of 276
SP fall yet again, I wonder if this is a tactic being used by AMU for its buy back? If so at what price, anyone, any ideas?
explosive
- 17 Feb 2006 20:54
- 252 of 276
And after a long snooze the share begins to awake!!! Last Saturday when I was shopping for a playstation game for my nephew I noticed that Transformers The Movie was being sold in "UDI" format (the little dvd disc for the psp). I wondered do these disc sales generate AMU profit?