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.

Investors can't make up their minds about YOO today, as a holder sat on a loss atm I hope the blues win the day, what time are the results due? The longer they take to come out the worse the news will be, imo.
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Isaable Crossley said lunch time

Thanks for that john50.
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There is, therefore, material uncertainty related to the above events and
conditions which may cast significant doubt on the entity's ability to continue
as a going concern and it may be unable to realize its assets and discharge its
liabilities in the normal course of business.

Owing to the fact that they have not provided an overview for 1st qtr 2006 things have not developed to their expectations,as a result we will not hear anything tangable until later this year.Overall this is not good!

That statement about profitability next yeat ... didn't they say that last year , and the year before , and the year before ....

They need a new script writer , one with half a brain and living in the real world wouldn't go amiss.

well to increase turnover by fourfold I think they will be in profit if they continue at this rate, do the maths

Never had a mention that this will soon be a 1 billion share company soon.

Yes bad results, no wonder they didn't release at 7am. This will be under 2p by summer end, bad products, increased competition not worth another look.

Dil, you gonna apply for the job then? :-)

tvc15 'not worth another look'----So from your post 3670 can we assume that you are leaving this thread, by doing so you will make a great deal of people very happy.
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If they had issued at 7am people would have had a whole hour to get past the first lines and read the whole report, which is unequivocally dreadful. YOO would have opened well down - which is where it's going.

"the Company believes [Gambling and Gaming] will make a positive contribution going forward." So it isn't yet.
"appointed Seymour Pierce to explore possibilities for [Dating]." Nothing new at all then - not even a note of interest shown by potential purchasers.

The loss is not 5.3m, but 11.1m .

More funding to come in the next few months, as they are not cash flow positive. More dilution on the way will soon be a 1billion+ share company.

Too much to hope for 2517GEORGE :-)

On closer inspection i think these really are a pretty horrible set of results IMHO, so many assets being written down, starting to capitalise development spend (change of policy), don't forget to take out big chunk out of the T/O and cost of sales (~65m) as they put all bets as T/O when in reality you are only ever going to make 7-8% gross win on this (many co's would account for this on a gross win basis. This leaves a co. with 20m T/O, EBITDA -3m. IMO crazy to buy this stock.

They are terrible, really terrible.

you can 250,000 online but only sell 50,000, don't look good to me.

ptholden ... paper round looks more inviting and more secure.

While TVC may be a more annoying tw*t than me his post 3676 does show that he at least has a basic understanding of accounting principles and may not in reality be as stupid and pathetic as we all (me included) perceive him to be.

Good to see the FD has got over his tummy upset (fund placing) .. can now concentrate on his main task of extracting as much dosh for him and his fellow directors from the company (shareholders) before it goes bust or shareholders twig.

Strong buy imo lol.

Dil :-)

Something has happened in the last 2-3 months that has caused a problem. The simple fact is that they owed about 4.5m to the banks at 31/12/05 and since then they have raised 8.1m and are currently negotiating new loans.

It may be something simple. They certainly have a deficit on current assets and it may be filling this. But I don't think so.

If there is good news this management will announce it, if there is bad news they hide it as long as possible.

A couple of other things to throw into the uncertainty is that I didn't see anything about the asset sale consideration for the Avago sale to Gala. If this has been thrown in with trading income it would suggest a bigger fall off in trading in H2 than the figures suggest.

Secondly Platinum and Highbridge have security over cetain assets of the company. I presume the only asset they have to cover a 7.5m loan is Dateline. If they sold dateline they may have to repay these loans if they hadn't already converted. It is in Platinum and Highbridge's interest to be as unhelpful as possible.

It would appear to me, looking on the basis of the accounts and RNS's, that the finances are in disarray. Does anyone still believe that the FD left for health reasons ?