mactavish
- 10 Sep 2004 22:20
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.
tvc15
- 31 May 2006 08:25
- 3691 of 3776
So the SeyP valuation was 12p in the last note with a price target of 9.5p due to the reputation of YOO.
SeyP don't seem to realise that all the loan note proceeds have been taken (a 4 second call would have confirmed that) and, the new VALUATION is now 6.5p without a price target.................any idea what happened between the two notes being issued? We are only looking at 3 months and the company valuation has halved
tvc15
- 31 May 2006 11:04
- 3692 of 3776
They knew perfectly well the harm the toxic PIPE would do. Sinclair realized there was a danger he'd have to write off the rest of his shares (along with the hundreds of millions already converted into worthless deferred shares) but he damn well wasn't going to get hooked on the guarantee as well.
tvc15
- 31 May 2006 14:04
- 3693 of 3776
Ian West again.
this to MS this morning:
---------------
Dear Mr Sinclair
Even since my email to you of yesterday the YOO share price has continued to slide - now at around 3p and trending downwards. If it keeps up we will be into true penny share territory well before the AGM - if indeed the company is still trading by then.
The continuing uncertainty which is resulting in the share price weakness is entirely your own fault. Did you seriously think you could just avoid the issue of whether YOO was cashflow+ for Q1 of this year, having promised it three times? Did you think you could just fail to mention the matter in Friday's results and nobody would notice? Did you think nobody would notice that there were no firm details on Friday about the (increasingly mythical) Dateline disposal? Or any firm details of the Boots/Sony deals (the company has said in the past that it only issues RNSs for 'significant' deals - so why did it RNS the Boots and Sony deals and then proceed to clam up and tell shareholders _nothing_ about the details?)
In addition to the questions I posed you yesterday I have one more for you, Mr Sinclair - why haven't you resigned? It must be obvious even to you that you are thoroughly discredited, and that nobody - not small shareholders, not the City - has any confidence left in you. You have overseen a destruction of shareholder value worthy of an Enron or a Marconi, and I suspect there is yet more pain still to come.
Given the criticisms you have been receiving in the past few months from myself and other shareholders, I imagine that if YOO had had any good news at all it would have been shouted from the rooftops on Friday. It wasn't, because I don't think there is any. Alternatively, you may just not care what small shareholders think - in which case you really are a fool.
Just so you know what is in store: I am currently drafting an email questioning your business competence, your management abilities and your IR strategy which I will be emailing - later this week or very early next - to the following publications:
Investors Chronicle, Share magazine, Daily Mail/Mail on Sunday, Guardian/Observer, Times/Sunday Times, Telegraph, Independent/Independent on Sunday, Standard, FT/Weekend FT
I will not be slanderous, I will just pose quite legitimate questions to which shareholders are entitled to answers - answers you seem unwilling or unable to give. I am also drafting letters to YOO's large institutional shareholders asking whether they still have confidence in you, given that the shares they bought in the last fundraising at 7p are now worth less than half of that after only a few months. It may be of course that the adverse publicity I generate will impact further on the share price, but I see this as a virtuous circle - the lower the share price, the more angry investors, the greater the pressure on you to go. I'm sure the share price will recover when new, more credible management is in place.
This is now simply a race against time, Mr Sinclair. Can I create an atmosphere among shareholders such that by the time of the AGM voting you out will be a formality, or can you deliver some good news by the time of the AGM to restore both the share price and your shattered reputation? Given your recent complete lack of delivery I think my chances are quite good, Mr Sinclair. What do you think?
xxxxxxxxx
sealed
- 02 Jun 2006 08:57
- 3694 of 3776
Re: post #3691
A couple of things the aficionados forgot to cut & paste from the Seymour pierce note that may go some way to answering your question.
Key to material interests
1. The analyst has a personal holding of the securities issued by the company, or of derivatives related to such securities.
2. Seymour Pierce Limited or an affiliate owns more than 5% of the issued share capital of the company.
3. Seymour Pierce Limited or an affiliate is party to an agreement with the company relating to the provision of investment banking services, or has been party to such an agreement within the past 12 months. Our corporate broking agreements include a provision that we will prepare and publish research at such times as we consider appropriate.
4. Seymour Pierce or an affiliate has been lead manager or co-lead manager of a publicly disclosed offer of securities for the company within the past 12 months.
5. Seymour Pierce is a market maker or liquidity provider in the securities issued by the company.
Important Notes
Seymour Pierce Limited and/or its associated companies and ultimate holding company may from time-to-time provide investment or other services to, or solicit such business from, any of the companies referred to in research material. In addition, they and/or their directors and employees and/or any connected persons may have an interest in the securities of any of the companies in the report and may from time-to-time add to or dispose of such interests. Details of the significant
conflicts relating to the companies that we research are set out on our website
www.seymourpierce.com, together with a summary of our policies for managing conflicts of interest. Seymour Pierce does not meet all of the FSA standards for managing conflicts of interest, as a result our research should not be regarded as an impartial or objective assessment of the value or prospects of its subject matter, though of course we will always ensure that it remains clear, fair and not misleading.
tvc15
- 02 Jun 2006 12:08
- 3695 of 3776
Cellcast plc
02 June 2006
Press Release 2 June 2006
Cellcast plc
('Cellcast' or 'the Company')
Trading Update
Cellcast plc (AIM:CLTV), a global interactive digital broadcaster, today
provides a trading update for its current financial year ending 31 December
2006.
The recent changes to the listings of channels by Sky Digital (altering the
location of the Company's channels on Sky's Electronic Programme Guide 'EPG')
and the delay in revenues arising from some of the Company's international
investments has had a negative impact on the Company's performance. The Board
anticipates that the market forecasts for the current financial year will not be
met.
Turnover for the year is expected to be below market expectations as a result of
the delays in the revenues from the Company's international projects. However,
turnover in the UK is robust and is significantly ahead of the same period last
year but profitability has been impacted by the EPG reorganisation which has
created scheduling inefficiencies and has made navigation difficult for the
regular viewers of the Company's programmes.
As a result the Board anticipates that the Company will show a loss before tax
for the current financial year. This revised expectation does not take into
account any possible earnings from its programmes on the Freeview platform as it
is too early in the implementation process to assess what these might be.
The Board has already taken positive steps to address the issue of Sky Digital's
EPG reorganisation. The Company has introduced new formats, redeployed
bandwidth and has increased marketing of all its channels to help viewers locate
them on the EPG. In addition, the Company has reduced production costs as well
as operating expenses which will provide significant cost savings going forward.
Despite the reduced expectation for the current year the Board remains confident
of the growing international and domestic demand for the Company's proprietary
products and services which is already proven in multiple markets.
- Ends -
john50
- 02 Jun 2006 20:39
- 3696 of 3776
Recieved an email from Isabel Crossley on the 1/06/06, would it be possible to cut and paste it to this board if so could some one explain how to do it.
Scripophilist
- 02 Jun 2006 20:51
- 3697 of 3776
Mark the text by clicking and dragging the mouse, right click on the marked text, copy. Right click in the posting box here paste.
john50
- 02 Jun 2006 22:05
- 3698 of 3776
1 June 2006
Hi,
I am writing in response to a number of shareholder emails that the Directors have received, expressing their concerns re the fall in YooMedias share price.
While general market conditions have been volatile and the concerns about global growth have impacted markets around the world, we really dont believe that this should have depressed the share price to its current levels. Although YooMedia reported a loss on 26.05.06, the figures were in line with expectations and the underlying improvement in the fundamentals should have been evident. This position has subsequently been supported by independent analysts comments.
I know the recent Chairmans Statement outlined the business, but I thought maybe youd find it helpful if I quickly run over where YooMedia stands at the moment. Essentially its transformed itself over the last 12 months and is now a leading interactive media and games group. Following a strategic review last year, the Company realised the need to make some key changes to the business. This included amongst others the appointment of new management, a change of the Companys advisory team, the renegotiation of the William Hill contract, the implementation of an extensive cost cutting programme, a reduction in losses, a refinancing to strengthen the balance sheet and the streamlining of activities to truly utilize its strengths.
As a result of these changes, it is now in a good position to capitalize on its position. It has got some great technology and a whole list of blue-chip clients including William Hill, Gala Leisure, the NHS Direct Interactive and ITV. It has also targeted the marketing and advertising sector and is working with major brands such as Boots, Nestle and Anheuser Busch. Furthermore, it has contracts with Electra Entertainment, Gemstar TV Guide, and tvtv, a branch of Sony UK Ltd, which are all using its new data casting service to deliver enhanced services to Freeview viewers.
One of the remaining issues is to negotiate a corporate deal for the dating business. As mentioned in the prelims statement, Seymour Pierce is assisting in generating as much value as possible from this division and a number of options are being pursued.
On a more general level, a number of shareholders have asked for further details with regards to contracts signed by the Company. Please understand that we update the market with as much information as were able to in accordance with the requirements of the London Stock Exchange. Some deals have commercial sensitivity and so partners may request that we withhold certain information. We have to play a totally level playing field so to provide additional information to individual shareholders would be to breach the AIM rules.
Another question we are being asked is when will YooMedia be cash flow positive? While I know the Directors would like to disclose this information, the Companys advisers have instructed us not to reveal this information on an unaudited basis Im afraid our hands are tied.
In terms of the outlook for the Company, we expect there to be considerable news flow in the coming months. To quote the Chairmans recent statement: The last few months have seen a high volume of activity which we expect to maintain as we continue to build and develop relationships with key blue chip companies.
I will contact you again when a date for the AGM has been agreed as I know the Directors would appreciate your attendance to clarify in person the Companys position and answer any more questions.
In the meantime, please do contact me and I will help where possible, although obviously I can only provide information which is already in the public domain.
Kind regards,
Isabel Crossley.
Isabel Crossley
St Brides Media & Finance Ltd
Aldermary House, 10-15 Queen Street
London EC4N 1TX
Email: isabel@sbmf.co.uk
Dil
- 03 Jun 2006 01:17
- 3699 of 3776
Nice bit of side stepping by Ms Crossley ... she a budding politician imo.
tvc15
- 05 Jun 2006 16:25
- 3700 of 3776
A one million protected sell just went thru'. Institution wanting out?
tvc15
- 06 Jun 2006 14:09
- 3701 of 3776
Investor Chronicle's Arcticle.
2 June 2006
Yoomedia
Aim. The games and gambling part of Yoomedia contributed most revenue, but the joint venture with William Hill disappointed. New money was raised through a placing and the issue of loan notes.
I think William Hill is dead in the water!!
tvc15
- 07 Jun 2006 08:53
- 3702 of 3776
Thanks to Old wise owl on iii.
I said on this board that if I thought i had got it wrong I would resign from the board.
I have to say that my confidence in this stock has dived along with the price, no directors dealing even at these levels, ever falling price, cr*p e mail response from the company, no news on dating which has been going on for ages. If there was genuine interest in the business then they would have said so or concluded details of a sale/float by now.
Bought in when these last hit 3.5p and took profit at higher levels and bought back in which lost me some of my profit.
Just get a bad sense that this company will announce bad news and the price dives and then the management get the co. on the cheap. cannot take the risk so good luck to all who are staying. I quit, well done to those who bailed earlier!!
moneyman
- 07 Jun 2006 10:49
- 3703 of 3776
Time to buy. 3p available for the brave ;-)
tvc15
- 07 Jun 2006 12:36
- 3704 of 3776
I million plus sell, Looks like an institution selling bits at a time.
john50
- 07 Jun 2006 13:19
- 3705 of 3776
topped up with 20k at 3p
tvc15
- 07 Jun 2006 15:05
- 3706 of 3776
You can buy 500,000 online but only sell 37,500, don't look good to me.
tvc15
- 07 Jun 2006 15:57
- 3707 of 3776
Taken from iii.
If any of the amazing growth that you mention was worth a candle the share price wouldn't be next to nothing now. I interpret the qualification in the last accounts to mean that they aren't going to get any more fundiing the next time that they need it and so will go bankrupt very shortly indeed. Also it seems like the directors are distancing themselves now. One of them is no longer guaranteeing a loan to the company I believe.
Yoo look like toast to me.
tvc15
- 07 Jun 2006 16:14
- 3708 of 3776
1p is fair value for this 1 billion share company 1p 1 billion = 10m ???
moneyman
- 08 Jun 2006 09:56
- 3709 of 3776
I suggest that people DYOR as these shorters are looking desperate. When they close we shall see a big volume day and a good rise in the shareprice.
Dil
- 08 Jun 2006 13:17
- 3710 of 3776
What shorters ?