Company Profile

YooMedia plc is one of the fastest growing interactive entertainment companies in the UK.
Since 1997 we have been developing and launching leading B2C consumer brands in the gaming and community sectors. We also work in a B2B capacity with leading brand owners, agencies, content developers and broadcasters to design and develop their interactive content strategies.

Led by Executive Chairman Dr. Michael Sinclair and Group Managing Director Neil MacDonald, YooMedia has assembled a highly experienced management team that possesses a unique blend of skills and experience in the areas of Digital TV, Internet and mobile phone services and technology.

With main office locations in London, Exeter and Maidstone, YooMedia manages core assets including:

Over 30 office locations throughout the UK alone

State-of-the-art studio, production and post-production facilities at our Wapping location.

UK broadcast return path & bandwidth owner

Fully fledged UK Bookmaker License

Database with over 350K UK singles

SMS Engine access with international reach

Fully staffed 50 seat Customer Contact Centre in Maidstone, Kent

YooMedia Dating & Chat - Our dating subsidiary company manages the oldest and largest UK-owned dating brands including Dateline, Club Sirius and Avenues. YooMedia Dating has over 20 office locations throughout the UK and also manages YooChat, our world-leading interactive chat service found on UK digital cable on the Telewest platform (platform extensions planned for 2005).

YooMedia Gambling & Games - Combining the brands of Avago and Channel 425 (in partnership with William Hill) YooMedia is on the leading-edge of interactive fixed odds, casino and poker gambling services for digital TV, the web and 3G mobile phones. Our gaming business also manages YooPlay, the only interactive just for fun games channel found on all four Digital TV platforms in the United Kingdom.

YooMedia Enhanced Solutions (YES) - YES works with brand owners, agencies, content owners and broadcasters to clarify the options, define the strategies and deliver the interactive content that enhances consumer and audience experiences. YES customers include the BBC, Nestle, Celador, William Hill, Channel 4, ZipTV, The Cartoon Network and HR Owen.

Where is our friend Dil? Has he passed away? Shame!

He is in hospital caught something of a sheep.

One should never crow too early - you could catch a cold

Baza

Baza,
You know I was chatting last night to explosive about ones I've called wrongly...........................

........Oh I dont think you have called this wrongly - cos it will recover - just got your timing wrong - as did I as I bought back in last week - albeit only a small amount - cos I thought the time was right and the future looked bright.

Dil and others did warn about cash burn - but I think this is only a temporary set back.

At least the management tean have got off their bums, recognised the problem and managed it.

It is also comforting that Wiliiam Hill have sufficient belief in the future to renogotiate the contract.

WellI have just bought some more at 7.90 - so fingers crossed

Brave man, Baza.
I sincerely hope its your best ever call!!
Alan

Lets face facts guys, they keep saying they will be cash flow positive by XXX, yet they NEVER deliver. Yet again this morning we see YOO for what it is, nothing but hot air and hope. They completely fail to deliver. Will you please wake up and smell the coffee. The statement this morning means they will have to raise cash.

"Such alternatives are expected to provide both increased marketing opportunities for the division and strengthen the Company's balance sheet."

In corporate speak, in case you are unable to hear it, that means, we are short on opportunities to raise cash and we are looking to sell off the silverware.

Never fall in love with a position because it wont love you back.

"To date the Company has managed the impact of these delays on cash flow
within its banking facilities, and is currently exploring a number of available
options for strengthening its balance sheet."

Be very worried....

looks like Dil was correct.......

Scrip

our conversation on Friday has come true scarily quickly :-)

lol what a suprise !!!

Jam tomorrow .... after big rights issue.

Its still a pile of sh*te iPublic and always will be imo.

Have a nice day.

oh dear Dil-lend us a quid will you and buy me a drink for Christmas to drown my sorrows!!

"our conversation on Friday has come true scarily quickly :-) "

The sad thing is it was so obvious but try and warn people and you get grief. Honestly.....

mmmm.....directors seem to have been somewhat economical with the truth at whatever meeting took place...no need for rights issue...looks like their only option to me

Selling off the best bits may raise some cash but could leave existing shareholders with very little of any worth left.

The thread has been quiet today for a company with such great prospects.

I like this bit......

"Are they running out of money?

The company is nearly profitable at the moment, even without significant WH and Broadband TV contributions. The aim is to become cashflow positive over the next couple of months and the Chairrman has stated to me and others (at our recent meeting at Yoomedia HQ) that he is relaxed and happy with the way matters are progressing. "

and this bit......

"On the face of it they only have a couple of million quid left to get through. However, The Chairman has given us an assurance, which I hope is kept, that there are no plans for the company to prostitute itself to a rights issue at these levels solely for working capital requirements. A rights issue has never been discussed and the company are happy with the current financial position. The Boards interests are firmly aligned with those of shareholders and any dilution at these levels would hit all shareholders (including the board) hard in the pockets. They seem confident that they will make it through to cash flow positivity without the need to dilute the shareholders interests. "

But of course the market has changed since then hasn't it.

Now now guys - no need to gloat or rub salt into the wound

So you have a different opinion to those with a heavy investment in Yoo and who believe in them - and who knows what might happen yet ???