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.

scrip......great post...facts facts and nothing but facts!

Stop posting this guys crap if he thinks there is no dilution from todays RNS - he clearly has no idea how a share placing/balance sheet works or is blatantly lying/ramping

As for cashflow not all down to losing money but timing of payments - pmsl - look at the last few years accounts and cashflow statements - theyre burning cash almost as fast as they can raise more

Nice to see they have increased the overdraft - yeah great, they can waste some of the banks money before the come to the market for yet more funding to pay the bank back - ie buying themselves a bit more time - but what is the cost of this facility (interest rate not disclosed!). I also see Lloyds have ensured the personal guarantees stay in place on this facility and have managed to get some free warrants thrown in

Which just goes to show how confident Lloyds aren't !

I am not sure whether some investors in this BB should really be investors considering the comments they are making in relation to value dilution, market cap, warrants, placing etc. A few points:

As far as I see it, a dilution only occurs when shares are issued at a discount to present SP - THIS IS NOT THE CASE. The SP today represents what the market values the company at and for the company to be able to raise it at near market price is indicative of the confidence they have in the company. To put it simply, it's like an institutional investor placing an order of 3m to buy shares in YOO today. The honest truth is that unless you FEEL the current SP is lower than what it should be, it't not dilutive. And if you do feel so, BUY at today's price!!

The current shares in issue is circa 430m. We have/will be issuing a further 42m, so total will be 472m at the end of the day. Please note that the warrants are exercisable at 10p and 15p respectively, so is at a premium to today's price. Anyone that exercises those warrants will have to pay for them and hence inject more money into company. So, unless SP moves above 10p and 15p respectively, no dilution again. As I said earlier, that is why this is a useful benchmark....in that we can at least expect 10p and 15p to be next target SP.

As cynical as the business world is today, we have to accept the fact that PIs have lost out on the basis that we were not invited to participate in placing. I feel this was an attempt by the directors to (a) raise funds to alleviate immediate CF concerns and increase available funds for further expansions AND (b) to allow some potential JV partners/current shareholders to increase holding in ANTICIPATION of future rises in SP - which they seem very confident about. Let's be clear about this.....they own in excess of 50% of company!!!

I am happy about the news today but agree that YOO will have to start turning agreements into bottomline profits. I am confident this will occur in 2006 and onwards, as the management and new investors are. Don't be impatient, all "new" technology companies take time to grow and in that time, invariably require more WC than anticipated. But don't let that deter you from investing in a company on the verge of making real money out of interactive TV and 3G apps. Gambling, dating and information are three areas where money can always be made!!

Good luck.

"As far as I see it, a dilution only occurs when shares are issued at a discount to present SP"

you fail to grasp the basics of company structures and financing.

first of all there would be no need for this despite lots of people saying on here it was almost certain...now when it happens it is a good thing......all very amusing

mactavish

are you for real or are you deliberately trying to mislead people?

Out of interest, what do you make of the increase in authorised share capital by 200,000,000 - why do you think they are proposing this? As a just in case or because they know they are actually going to have to use it in the forseeable future?

fundy...no its cause the share price is going to 1 and when it does all the directors will buy all these shares and become billionaires...or sum other stupid nonsense.

couuld not be because they are not very truthful when it comes to giving an accurate reflection of what is going on....no never!

treb

is that a quid by xmas?

Yeah ... a quid market cap.

Mac , accounting for dummies lesson 1.

10 shares , company makes 10p , eps = 1p

after placing

20 shares , company makes 10p , eps = 0.5p

Hope this helps.

You can come read my balance sheet anytime Dil.

You couldn't afford me .... and answer my email you lazy git.

Even though I wasn't there, I can sense the sort of dicussions and deals that were being doing on this latest round of fund raising. Unless they really pull something out the bag this is surely their last chance?

You sure you sent it to the right trailerpark Dil?

Dil

Do you still think it is going to be 60p before xmas?

You need to read the RNS more carefully!


"Subject to the amendment to the Articles which is proposed at the EGM, the Company intends to enter into refinancing facilities with Lloyds TSB Bank plc in the form of a new 4,000,000 overdraft facility. The Company's existing 2,000,000 term loan remains in place. In addition the Directors also wish to have an ability to borrow further monies should it be considered necessary although there is no intention to do so in the next three months."

Repeat.......

"although there is no intention to do so in the next three months."

Furthermore the following should be read and understood.

"The Company has agreed with Lloyds TSB Bank plc, as part of the proposed arrangements regarding the refinancing of part of the Company's facilities, to grant Lloyds TSB Bank plc warrants in respect of 4,000,000 new Ordinary Shares.
The grant of the 4,000,000 Warrants to Lloyds TSB Bank plc is also subject to the approval of Shareholders at the EGM."

In plainer language....Yoo's bank in return for refinancing PART of its borrowing will except in payment 4m shares priced at 10p.
Now that's a deal!

Lloyds / TSB are happy to have shares in Yoo Media, that's not a bad vote of approval is it. Think they know something?

So Lloyds are so desperate to get YOO shares they put it into the deal. Or, perhaps, have you considered, YOO were so desperate to get finance that they offered this as a "sweetner".

I wonder which one is nearer the truth, I wonder? I mean Lloyds is so small and have such little bargaining power in comparison to YOO.

"Think they know something?"

Yes, more than you it would seem, Lloyds know it is a very high risk loan and YOO were so desperate to get finance and Lloyds so nervous that a chunk of dilutive equity was thrown in as a sweetner.

Come on Mac wake up. I can tell you have no commerical experiance at all, else you would see this for what it really is.

"although there is no intention to do so in the next three months."

is that from the same people who have been intending to be cash flow positive for quite a while now

You havent answered the question as to why the 200,000,000 increase in authorised share capital unless there is a possibility (and a strong one in my book) that they will need to issue them

As to the Lloyds warrants, Id also like to know what the interest rate on the re-arranged debt facility is

Pleased to be the referee, completly neutral of this share, no research, know little about it but have loved reading the thread. Bulls and bears both giving excellent arguments for future of this share even if getting a bit rattled at times. first blood to the bulls because its gone up a bit (very smalll i admit, but a rise non the less) keep it lads and lasses.

7p the starting point.

"first blood to the bulls because its gone up a bit "

I think you will find the bears have been negative from a level 10 times the recent low price. The blood would appear to be all over the bulls.

This is our new shareholder, and this is what he is bringing to the party.

Too much infomation for our resident bird brains though.


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