banjomick
- 05 Jan 2006 00:33
- 247 of 1609
What can I say.........watch and learn :-)
banjomick
- 05 Jan 2006 00:51
- 248 of 1609
Well we appear to be at a cocrete base at moment and i'm not complaining.
I would expect some news from Croco soon concerning products relating to Hoo Ha House who's new books,there's quite a few, will be out soon.
If,as seams very possible,the schools take up these new books (they are only cheap)then this could bring in lots of revenue for Croco in the way of educational games,toys and computer learning/game cd's.
We still want TV deals I know but we also require a firm base with some regular revenue coming in.
The old galleon was rushed and not thought through,the new Galleon is Upstanding and waiting for it's time.
Just me thoughts!
banjomick
- 12 Jan 2006 21:50
- 249 of 1609
"Well we appear to be at a cocrete base at moment and i'm not complaining."
Well I spoke a bit too soon there-lol
All interesting stuff with a little recovery at moment,year end results very soon!!
banjomick
- 18 Jan 2006 08:27
- 250 of 1609
Galleon Holdings Plc
('Galleon,' the 'Company' or the 'Group')
Financial Statements for the year ended 30 September 2005
Group Highlights
* Significant increases in activity have resulted in Group turnover and gross
profit for the 12 months exceeding that of the previous 18 months
* New management's focus on core, revenue-generating activities has
streamlined the business
* Acquisition of `Skunk fu!' and `Mysti' has added 2 new revenue-generating
brands with excellent TV placement
* Croco Worldwide Sourcing Limited has won major new clients and enjoyed its
strongest turnover to date
Chairman's Statement
I am pleased to present Galleon's financial results for the 12-month period
ended 30 September 2005. The operating loss in this period was 1,416,285
compared with 6,202,872 as reported in our 2004 Annual Report for the 18-month
period up to 30 September 2004. Included in the operating loss for the 12-month
period ended September 2005 is a provision totalling 487,596 which includes a
write down of the debt owed by Peppers Patrol Limited and the writing off of
`Professor Winklebottom's Smelly Universe', `Malcolm' and `Oggies'. Turnover
has significantly grown at 1,134,456 compared with 971,564 for the previous
18-month period.
New Management Team and Board Changes
In 2005, we introduced a new management team, with Stephen Green and Len Dunne
joining in January in the roles of CEO and Managing Director. In October 2005,
Hayden Eastwood joined the company as Finance Director.
Pritesh Desai joined the board during 2005 as non-executive Director.
Meanwhile, Andrew Flatt, who has served on the board as a non-executive
Director since 2001, has stepped down. We would like to thank Andrew for his
support.
Focused Future
The new management team has realigned the company to focus on the key areas of
the business. A series of intellectual property rights acquisitions made during
2005 have placed the company in a favourable position for continued growth in
2006 and beyond.
As part of this process existing activities were reviewed with a view to
prioritising our future efforts and resources. As a result, we have decided to
write off those projects which will no longer be our focus going forward, and
this includes a partial write down of the value attached to `Peppers Patrol.'
Outlook
Galleon now has a totally focused strategy: a strong portfolio of long-term
sustainable children's IP with first revenues due imminently and, alongside
this, a premiums business which is delivering regular revenues and has an
attractive order book.
With the new management team in place, we are, without doubt, in our strongest
position to date with solid foundations from which to deliver real growth for
our shareholders
James C. Driscoll MBE
Chairman
Chief Executive's Statement
Review of Operations
During the period under review the new management team realigned the company's
focus on two key areas of the business: Galleon's entertainment business and
Croco Worldwide.
Galleon's Entertainment Business
Galleon owns, develops and manages entertainment based intellectual property
(IP) rights targeted at children and 'tweens'.
We have significantly strengthened our IP portfolio so that we are balanced in
terms of brand maturity as well as genre. Specifically, we have focused on
acquiring IP rights that will generate revenue from 2006 onwards.
In October 2005, we acquired a 15% equity stake and the global merchandising
rights, excluding Germany, to `Skunk fu!', an animated series targeted at boys
and girls aged 5-11 years old. Currently 52 episodes of animation are in
production and the show has already been pre-sold to the BBC and Super RTL in
Germany. We believe that this property will have strong global reach. We signed
our first licensing deal for publishing in December with Imaginere. The
publishing programme is now being developed and this will seed the property in
the UK prior to the first airing of the TV series. This will help to build the
property whilst also delivering royalties to Galleon. Multiple territory
revenues coupled with the diverse category application of this brand will
provide Galleon with long-term sustainable income for the future.
In November 2005, we also acquired the 'tween' girl targeted brand `Mysti', the
number one rated BBC show for girls aged 10 - 15. The live action TV show, now
in its second series, was launched in the UK on the BBC in 2004. The property
also has a strong publishing presence at retail with book sales exceeding
130,000 units to date. The brand generates revenue from the production of the
TV series alone and we will be looking to build on this with new revenue
streams by introducing merchandise into the UK market and by selling the TV
series into international territories.
As well as building our portfolio of brands that are active in market, we have
significantly enhanced our development pipeline. Of the properties that are
wholly owned by Galleon, our focus has been on `Sokator-442', the soccer-based
animated TV show for boys and girls aged 6-11 years old that was part of the
portfolio in Green and Dunne Ltd, which Galleon acquired in 2005. This has been
fully developed during 2005 and following a hugely positive reaction at Mipcom,
the TV sales market, in October, is currently under consideration with
broadcasters in all major territories.
Also in 2005, Galleon acquired the worldwide exploitation rights for `Hoo Ha
House', the pre-school property developed by Imagination. `Hoo Ha House' has
successfully been launched in the UK with a publishing programme. As part of
the publishing programme, 2,000 schools were sent books and activity packs as a
part of the launch of the first book in October 2005. By the end of 2006, 13
`Hoo Ha House' titles will be in market, building awareness with both parents
and children. On the back of this heavyweight publishing programme, the
property has also been developed as an animated TV series of 52 x 10 minutes
and is currently being considered by UK broadcasters, with early interest from
the US.
Galleon has retained its 50% ownership of `Peppers Patrol', the pre-school
property, currently being developed as a stop frame animated TV show by our JV
partners Coolabi.
Croco Worldwide Sourcing Limited
Croco Worldwide Sourcing Limited designs, patents, sources and supplies in-pack
premiums to global FMCG companies.
The focused strategy - of moving away from the low margin and highly
competitive general sourcing market segment and focusing on the higher margin
but more complex in-pack premium segment - is paying dividends.
Croco Worldwide is building a reputation for being highly creative and also
highly competent in delivering product into market, on time and on budget. The
company has developed a strong relationship with one of the main global FMCG
companies, resulting in a significant order exceeding $1M already in place for
delivery in Summer 2006.
Looking forward, we will be adding sales capabilities to this side of the
business to open up new clients.
Outlook
2005 was a year where we have focused the Group on building a solid platform
for future growth. In 2006, we will see the benefits of this coming through in
revenues, with the advances and royalties from Galleon Entertainment IP and
continued growth of the Croco Worldwide business.
The outlook for Galleon has never been stronger. The business from our existing
customers in 2006 and the increased levels of new business activity that we are
seeing at Croco, has encouraged us to add resource to sustain the growth of
this business. In `Skunk fu!' and `Mysti' we have 2 complementary brands that
are in market and will generate revenue from 2006 and, when combined with our
strong development slate, deliver a good balance of IP. A successful
fundraising in November raised 1.25 million and this has given us the capital
needed to fund this growth.
Strategically, we will be capitalising on the synergies between our
Entertainment IP and Product IP. We are starting to have discussions now with
our FMCG clients about future promotions where we are supplying the
Entertainment brand as well as the product IP. This provides added value to
Croco and a powerful marketing resource for the brand in market.
In summary, this has been a defining year for the Group and I'd like to thank
our employees for their commitment and passion during 2005 as well as our
shareholders, for your continued support.
banjomick
- 18 Jan 2006 16:33
- 251 of 1609
Immediate release: 18 January 2006
Galleon Holdings Plc
(the 'Company')
Change of Adviser
Galleon Holdings Plc is delighted to announce the appointment of Smith &
Williamson Corporate Finance Limited as Nominated Adviser and Broker to the
Company with immediate effect.
-Ends-
banjomick
- 19 Jan 2006 17:39
- 252 of 1609
Nice little rise to end the day with.
End of shore leave now,time to set sail and continue on the journey :-)
banjomick
- 20 Jan 2006 16:15
- 253 of 1609
Charts are looking a bit better,I think!
banjomick
- 20 Jan 2006 16:50
- 254 of 1609
"Galleon now has a totally focused strategy - a strong portfolio of long-term sustain-able children's IP (intellectual property) with first revenues due imminently and, alongside this, a premiums business which is delivering regular revenues and has an attractive order book.
Link
banjomick
- 23 Jan 2006 19:27
- 255 of 1609
Obviously the Global Market situation effected this one today! :-)
banjomick
- 26 Jan 2006 00:03
- 256 of 1609
Me humble posts from another site:
I'm trying to look at this company in a new light as a new investor would,yes very hard to do sometimes!
The management want to concentrate on the two IP's currently out in the big wide world which seams fair enough to me.
The Hoo Ha House have six smaller books out on 6th March which are based on stories around one character(for each new book) taken from the original book,which was given a lot of exposure through out schools last year.
Mysti,now in it's second series currently showing by the BBC has the best chance of early revenue for the Galleon.
Merchandising in the shape of products through Croco will be a big revenue generator this year.
***************
From the Final Results:
The focused strategy - of moving away from the low margin and highly
competitive general sourcing market segment and focusing on the higher margin
but more complex in-pack premium segment - is paying dividends.
Croco Worldwide is building a reputation for being highly creative and also
highly competent in delivering product into market, on time and on budget. The
company has developed a strong relationship with one of the main global FMCG
companies, resulting in a significant order exceeding $1M already in place for
delivery in Summer 2006.
Looking forward, we will be adding sales capabilities to this side of the
business to open up new clients.
**********
From the Final Results,I'm not sure why they say that Mysti and Skunk Fu will be the main money earners for 2006??........
Can understand Mysti and HHH but SF although pre-sold is not due for airing until next year,I would have thought having the toon on air was most important for merchandising revenue!!!
banjomick
- 26 Jan 2006 00:03
- 257 of 1609
Anyway,further to me questioning revenue from Skunk Fu this year,in Final Results (missed this bit):
The
publishing programme is now being developed and this will seed the property in
the UK prior to the first airing of the TV series. This will help to build the
property whilst also delivering royalties to Galleon. Multiple territory
revenues coupled with the diverse category application of this brand will
provide Galleon with long-term sustainable income for the future.
banjomick
- 26 Jan 2006 00:04
- 258 of 1609
While I'm in full waffle mode!
Croco,the name a lot of investors want to hear less of and want to see more on actual programes on TV with 'done deals'.
For one,Croco have kept the Galleon afloat (was going to say 'forgive the pun'how silly would that have been!)through out 2005...Fact.
Two,Croco have raised their game during the latter half of 2005 to make products that bring in an improved profit margin...Fact.
Three,Croco have been pushed to the front in the last part of 2005 by the galleon,which can be seen from their web page....Fact.
Four,The Galleon will gain much much greater revenue this year from Croco's position,in that Croco will be producing merchandising products for IP's wholey(maybe 'fully' looks better!)or partly owned by Galleon Holdings.
This has to be very good news for 2006 and for the future...To be seen.
Once we achieve step Four then the balance sheet will look very good,more investors will contribute which then leads to further developments by bringing in other IP's.This would include the completion and airing of the likes of Astro Knights and Pepers Patrol.
banjomick
- 26 Jan 2006 00:05
- 259 of 1609
Interesting article posted on another site,old but good all the same...bit of background!
link
banjomick
- 30 Jan 2006 17:16
- 260 of 1609
whoops,didnt mean to post that.....
cloging
banjomick
- 01 Feb 2006 21:28
- 261 of 1609
Tom has set up his own company Hoek, Line & Thinker in September 2004, within which he is developing tv series and feature film projects. Hoek, Line & Thinker is currently in production on SKUNK FU!, a 52 x 13' animation series which was created by Cartoon Saloon in Ireland and presented at Cartoon Forum 2003. It will launch in 2007 on TG4, BBC, Super RTL, SVT, RTBF, S4C and Canal J.
http://www.kidscreensummit.com/2006/speakers.html?a=550072&_c=1
banjomick
- 03 Mar 2006 18:57
- 263 of 1609
Jo is still touring the schools with her books,all good news for merchandising in the future.
http://www.broadwindsor.dorset.sch.uk/news-school_diary.htm
banjomick
- 03 Mar 2006 18:57
- 264 of 1609
The London Book Fair
The Publishing Event of the Year
5th 7th March 2006
at ExCeL London
4.00 5.30pm Image Books (Imagineire) launch - grown-ups Tea party
Image Books (Imagineire) will be launching their exciting new childrens series with the release of its first 6 title character books. The party is by invitation only, but Image Books would like to invite press along to view the new books, meet the author Jo Marsden, who spent over 25 years fighting to get her stories published and find out what exciting new developments are in store for Hoo Ha House, which has already be described as the next pre-school publishing phenomenon (The Times, 26/9/05)
BY INVITATION ONLY EXCEPT PRESS. Stand M300
http://www.midaspr.co.uk/assets_cm/files/microsoft/press_lbf_events.doc
banjomick
- 03 Mar 2006 18:59
- 265 of 1609
We appear to have lost our way lately but back on course...........I hope :-)