trigger45
- 04 May 2006 02:25
Is this the next ASOS?
This could be an opportunity to get in early as the company builds on it's web presence and sales. Very few people are aware of this one and it is only now that they are starting to get noticed in the national press after achieving record sales in the run up to Christmas.
The company sells music related fashion to customers who want to get "the look" of their favourite bands.
With internet retailing growing at the rate it is and the massive market for this type of product, in time this could be a real winner.
www.ebtm.com
RNS Number:3459C
EBTM PLC
03 May 2006
EBTM PLC
3 May 2006
EBTM Plc
TRADING UPDATE - APRIL SALES 60% HIGHER THAN DECEMBER 2005
The Board of EBTM Plc, the AIM quoted online retail operation, announces that trading in the period to end April 2006, its year end, was above expectation.
The Company has integrated rapidly into the former e-retail business and its management is currently expanding its warehouse and distribution facilities and systems.
It also reports that sales in April were some 60% ahead of those of the previous record month of December 2005, encouraging the Board to be confident of achieving its current expansion plans.
Chairman Mark Watson-Mitchell commented
"The sales figures for April were excellent, way ahead of our previous record month, which was that leading up to Christmas 2005. Since March the Company's management, under Richard Breeden and Grant Calton, has moved apace in getting to grips with creating its ability to cope with the significant sales increases that are a major part of the expansion strategy."
For further information:
EBTM PLC 020 8704 0034
Richard Breeden (Chief Executive) 07973 563 529
Notes to Editors
EBTM Plc (AIM: EBTM) is the result of the reverse acquisition of e-retail plc in February 2006. That company acquired EBTM Limited, which was formed in April 2005 as a new online specialist retailer of music merchandise and related clothing and fashion.
The online retail operation, EBTM.com, was launched in July 2005. It currently sells licensed products from over 175 bands (from The Rolling Stones to Razorlight, from Bob Marley to Motorhead). Products include clothing, jewellery, bags and shoes. EBTM also sells several a range of associated fashion brands, (which have an association with music), including Atticus, Vans, Eastpak and Amplified.
EBTM continues to broaden and expand its sales retail offering and, over the coming months, will continue to develop its branded fashion offering.
This information is provided by RNS
The company news service from the London Stock Exchange
END
A bit more info found by foo ninja on the iii discussion board.
The man who's got the T-shirt
By Emma Vickers
3 March 2006
Retail Week
English
Copyright 2006. EMAP plc. All rights reserved.
Newly floated e-tailer EBTM is convinced band T-shirts and posters can be big business. Emma Vickers meets founder Richard Breeden
In his City-boy uniform, EBTM chief executive Richard Breeden looks more anything, rather than everything, but the music - the name of his recently floated internet fashion business.
His sharp suit, expensive watch and blue and white striped shirt are a far cry from the Led Zeppelin and Iron Maiden T-shirts that comprise the site's bread and butter. But, following the 1.5 million reverse takeover of EBTM by AIM-listed consultancy E-retail on February 3, the ex-dance music fanatic must play to an audience of investors to persuade them that music-inspired clothing has room for growth and, more importantly, that he is the one to lead it.
Breeden outlines the premise of EBTM a week after the deal. He looks tired and speaks quickly, giving the impression that he delivered the same spiel repeatedly in the weeks before and after the takeover.
He says: "We are an online-only retailer of music-related merchandise and product. The retail concept is that music is a key driver of lifestyle. The music that you listen to defines not only the clothes that you wear, but who you hang out with and where you hang out - a large part of what you do. We're trying to provide an access to that lifestyle to people that like certain types of music."
The web site sells T-shirts, accessories, jewellery, footwear and posters. It caters for fans of genres from metal, indie, rock, punk to urban. It has 40,000 registered users - 60 per cent of whom are men.
A heavy metal fan browsing the site would be able to pick up a T-shirt with the logo of Bullet for My Valentine and a co-ordinating monogrammed bullet-shaped pendant.
The appeal of the offer is arguably limited to moody teenagers listening to grungy music in their bedrooms. However, Breeden cites the broader and more affluent 16- to 29-year-old age range as his core customer base and EBTM's average basket size of 26 backs this up.
Breeden says one of the challenges he faces is widening the appeal of the site and he has plenty of ideas to do this. He intends to include more fashion to allow fans to get the look of their favourite singers. Although this is a sales device used heavily by online fashion retailer Asos, EBTM customers are more likely to want to ape the style of Babyshambles singer Pete Doherty than his ex-girlfriend Kate Moss.
The site will also stock the growing number of clothing collections designed by musicians themselves. In March, it will start selling the Adeline clothing collection designed by Green Day frontman Billie Joe Armstrong. Breeden points out that licensed product is becoming more important to artists because the revenue they once got from CDs has been hit by internet piracy. He says: "It's leading to better product development."
His goal for EBTM is to have a fashion-led homepage, with links to a broadened range of music genres, including pop. However, music fans are renowned for snobbery - would a Motorhead fan buy a T-shirt from a site that also, for instance, stocks a cosmetics range by J-Lo?
Breeden says: "It's something we're very aware of. It's not just J-Lo, it's the difference between metal and indie. But that's one of the beauties of the internet: because it's so flexible, you're able to create environments for each genre. It's not a concept you can deliver in a shop, because once you're in a shop that's the environment you're in."
Though he has limited retail experience, Breeden has more than proved his entrepreneurial credentials. At university, he channelled his passion for dance music into organising gigs and club nights. On graduating, he lived every music lovers' dream - after stints of work experience he was offered a job with EMI.
Within six weeks, he was running his own label. He says: "I spotted an opportunity - they had a (dance music) label called Tribal America and I persuaded the owner to let me set up the UK side. We became very successful. It's fortunate, but there was an opportunity and we built a fairly significant business pretty quickly."
After eight years at record labels and an MBA en route, he ended up working for merchandiser Blue Grape. He explains: "Merchandisers sign bands in the same way that a record company does. They'll go out and pay in advance to acquire rights, but instead of acquiring record rights they acquire what are effectively visual rights. The right to use the logo and all that kind of stuff."
It was while working here that the idea for EBTM was born. Breeden says: "I spent a long time looking for the right opportunity - when I say looking for, I mean sitting down and thinking it up."
He set up the business in January last year and was dealt the attention of EBTM's retail trump card in the form of executive director Quentin Griffiths, who founded and remains a stakeholder in Asos.
As well as expanding the breadth of product offer, EBTM is driving hits through print advertising in specialist titles such as NME and Kerrang. Recent coverage in Heat magazine helped drive sales of a studded Rolling Stones T-shirt and bring EBTM to the attention of a more mainstream customer base. Then, unlike Stones frontman Mick Jagger, Breeden will be satisfied.
EWRobson
- 04 May 2007 12:36
- 46 of 80
Hi, moneyplus. Expect you're doing pretty well on the investment front. Lucky you didn't land a year long case - I'm surpsied how poorly the jury are treated. Incidentally, EBTM are one to tuck away. They won't achieve the levels od ASOS but should move ahead rapidly when they hit positive cashflow which should be in the next year.
Good luck, Eric
trigger45
- 24 May 2007 08:12
- 47 of 80
Anyone following this one will be aware of this RNS. Iv'e been on holiday and just catching up but feel it should be posted to help provide as much info as I can find.
09 May 2007
EBTM Plc
ANNOUNCEMENT OF KERRANG! MEDIA PARTNERSHIP AND LAUNCH OF
NEW WWW.EBTM.COM WEB PLATFORM
* Media Partnership agreed with Kerrang! the UK's biggest weekly rock
magazine
* New web platform launched, enabling new strategy and rapid growth
EBTM plc, the online retailer of music inspired fashion, today announces an important new partnership with Kerrang!, the world's biggest selling weekly rock magazine, operated by EMAP Publishing.
EBTM plc will create and run an exclusive co-branded webstore, selling music inspired clothing, footwear and band merchandise to Kerrang's dedicated music fans. The new store will provide a retail outlet at www.kerrang.com which currently attracts around 180,000 unique visits per month with a registered user database of 60,000.
This revenue share-based partnership should increase sales of EBTM plc's existing rock and metal inspired range. The store will be promoted extensively online, via Kerrang!'s weekly email newsletter and in Kerrang! magazine's editorial content.
The partnership agreement will take effect from June 2007.
EBTM plc has also launched its new website at www.EBTM.com as the first phase of the IT investment programme announced in its interim results. The IT project is ongoing, with the next stage of back-end systems improvements already underway.
The re-modelled site represents a major step forward for EBTM plc providing a significantly enhanced customer experience and new functionality key to implementing our strategy:
Each music genre now has its own look and feel, enhancing brand authenticity and facilitating highly targeted marketing in numerous genres of music inspired fashion
We now have the ability to provide co-branded stores to media partners and intend to develop further revenue share-based relationships with online and offline partners
We have split the navigation for the Men's and Women's shops on EBTM.com, providing a clearer customer focus
We now have the ability to quickly and cheaply provide country-specific versions of the site
In addition, we expect that the new site will increase visits-to-sales conversion by providing enhanced product imagery, sophisticated search, better merchandising and an easier transaction process.
trigger45
- 01 Jun 2007 07:26
- 48 of 80
EBTM PLC
01 June 2007
EBTM plc
Placing by Blue Oar Securities Plc of 110,526,315 new Ordinary Shares of 0.5p
each to raise 5.25 million ('the Placing')
Acquisition of the Lowlife group of companies ('the Acquisition')
Placing
The Board of EBTM plc ('EBTM' or 'the Company') is pleased to announce that it
has raised conditionally, through Blue Oar Securities Plc, 5.25 million, before
expenses, by way of a placing of 110,526,315 new ordinary shares of 0.5 pence
each in the capital of the Company ('Placing Shares') at 4.75 pence per new
Ordinary Share ('Placing') which is a discount of 17.4 per cent. to the closing
mid-market price on 31 May 2007.
The Placing will take place in two instalments. The first instalment will be in
respect of 62,800,000 of the Placing Shares ('the First Placing Shares').
Application will be made for the First Placing Shares to be admitted to trading
on AIM ('Admission') with Admission expected to take place on 6 June 2007 ('the
First Placing'). The Placing of the balance of 47,726,315 of the Placing Shares
('the Second Placing Shares') is conditional on the passing of resolutions at an
extraordinary general meeting of EBTM to be held on 25 June 2007 to increase the
authorised share capital of the Company and to grant the necessary authorities
to the directors pursuant to the Companies Act 1985 ('the Second Placing').
Application will be made for Admission of the Second Placing Shares which is
expected to take place on 26 June 2007 subject to the passing of the resolutions
put to the EGM.
Acquisition of Lowlife
Today, the Company also announces that EBTM has entered into a contract to
acquire the entire issued share capital of the Lowlife group of companies ('
Lowlife'), comprising Core Brands Group Limited and its subsidiaries and
Twentyfour Seven Trading Limited ('the Acquisition').
Lowlife is a wholesaler and on-line retailer of clothing and accessories in the
area of music inspired fashion. Its product range and marketplace are highly
complementary with that of EBTM and represent approximately 10% of EBTM's
current retail sales.
For the year ended 31 December 2006, Lowlife's profits before tax were 646,000.
At that date it had net assets of 846,000.
EBTM is paying consideration of 4.75 million to acquire Lowlife, to be settled
as follows:
1.5 million by way of an issue of 26,548,672 new ordinary
shares of 0.5p each in the Company to the vendor of Lowlife ('Consideration
Shares'); and
3.25 million in cash, to be financed out of the proceeds
of the First Placing and the Company's own resources.
It is anticipated that completion of the Acquisition will take place on 6 June
2007, following admission of the Consideration Shares and the First Placing
Shares to trading on AIM ('Admission').
Board
Following completion of the Acquisition, Dale Masters, the vendor and managing
director of Lowlife, will join the Board of EBTM. Dale founded Lowlife in 2001
and as Managing Director has developed, manufactured and marketed a number of
leading music orientated / youth culture brands, including Atticus and Lowlife
in the UK, Spain and internationally. Prior to this, he worked for French
Connection in the UK and the Far East. He has a degree in Marketing and
Accounting from Victoria University, Melbourne.
Dale has entered into a service agreement with the Company, terminable on 12
months' notice, under which he will be paid a salary of 100,000 per annum and
will be entitled to a bonus of up to 62.5 per cent. of salary and options to
subscribe new ordinary shares at an aggregate subscription cost of up to 62.5
per cent. of salary (depending on the performance of the company in the year to
30 April 2008).
Reasons for the Acquisition
The Board of EBTM believes that in view of the complementary nature of both
businesses there will be a number of opportunities of a trading and operational
nature where revenues and margins can be enhanced and costs saved.
Atticus
Lowlife's products are marketed under a variety of brand names, some of which
are the subject of third party ownership and for which it pays royalties for the
right to use the brand name. Atticus is one such brand and Lowlife has agreed to
acquire the intellectual property rights in the Atticus clothing brand from
Really Likeable People Inc ('RLP') ('the Atticus Agreement').
The consideration payable under the Atticus Agreement is US$ 4.2 million in cash
on completion which is to be no later than 9 July 2007. This acquisition will
not only save the royalties currently being paid by Lowlife to RLP but will also
provide a revenue stream from existing licensing arrangements with third party
distributors in North America and provide further opportunities to develop new
royalty revenues.
Accordingly, the Second Placing also includes sufficient new funds to permit the
Company to finance the completion of the Atticus Agreement, as well as an amount
to finance the working capital requirements of EBTM as enlarged by the
Acquisition. The Directors intend to raise up to 1 million of debt finance to
add further to the Company's financial resources.
Extraordinary General Meeting
Shareholders have previously approved sufficient authorities to permit the
Company to issue 89,500,000 new ordinary shares of 0.5p each, enabling the
Company to issue the Consideration Shares and to raise the cash element of the
consideration for the Acquisition from the proceeds of the First Placing to the
extent of 2,983,000, with the balance being paid from existing cash balances.
An increase in the authorised share capital and the authorities to allot and
issue shares are required in order for the Second Placing to proceed. The
Second Placing is therefore subject to the approval of shareholders. For this
purpose, an Extraordinary General Meeting of the Company ('EGM') will be held on
25 June 2007.
Appointment of Broker
EBTM is also pleased to announce the appointment of Blue Oar Securities Plc as
Broker to the Company with immediate effect.
Placing and Acquisition statistics
Placing
Placing price per Ordinary Share 4.75p
New Ordinary Shares to be issued to finance the cash consideration
for the Acquisition 62,800,000
New Ordinary Shares to be issued conditionally on shareholder
approval 47,726,315
____________
Total number of new Ordinary Shares to be issued pursuant to the
Placing 110,526,315
____________
Acquisition
Number of new Ordinary Shares to be issued to the vendor of
Lowlife 26,548,672
____________
Total number of new Ordinary Shares to be issued pursuant to the
Placing and Acquisition 137,074,987
============
Enlarged issued share capital 247,574,987
============
trigger45
- 01 Jun 2007 08:26
- 49 of 80
I'm not afraid to show my lack of experience here, and would welcome views from others that understand the numbers far better than I do.
First impression is I'm shocked really. This is a massive move for EBTM at this stage of it's development.
Looks exciting and appears they mean business, but that's a massive amount of shares introduced.
As I type the share price has only dropped 0.25 which I see as a positive sign.
Ultimate Cynic
- 01 Jun 2007 20:02
- 50 of 80
50% dilution! Would have expected a greater fall in SP.
Early days yet I suppose.
Sometimes aquisitions are used by management as a smoke screen to cover up trading problems. I hold 50,000 shares, not a great amount, but still I hope it's not the latter as I'd hate to lose money again on yet another share.
UC.
trigger45
- 01 Jun 2007 22:59
- 51 of 80
I thought it would drop more as well. Price held today with no drop, but as you say it's early days.
maestro
- 02 Jun 2007 20:47
- 52 of 80
10 bagger potential here..thats why it didn't drop
trigger45
- 04 Jun 2007 07:01
- 53 of 80
I hope your right. If it doesn't drop too much in the next few days I'm going to top up.
trigger45
- 07 Jun 2007 08:14
- 54 of 80
Eric. Hope you dont mind me asking but would welcome your views on the past events this weeks if you have time.
trigger45
- 09 Jun 2007 20:57
- 55 of 80
Still holding up well. Top stuff.
trigger45
- 14 Jun 2007 08:36
- 56 of 80
Just bringing this back up.
Connstant buying the last few days.
Exciting times I hope.
trigger45
- 16 Jul 2007 07:10
- 57 of 80
A nice positive write-up in Shares Magazine. I topped up the other day but didn't get it spot on as it dropped again but not concerned by that at all it's so difficult to get it spot on.
BUY 5.38p Stop loss 4.3p
Market value: 13.9m
PE 2007: n/a, PE 2008: 11.2
Rel str: 1m +1.2%, 12m +34.4%
Spread: 13.043%
While net-based retailers such as ASOS (ASC:AIM) have enjoyed very strong sales growth, online retailing is still in its infancy,creating a huge growth opportunity.
Analysts predict a rough 85% hike in online retailing by 2010, implying the market would then be worth around 78 billion
worldwide.
EBTM is well positioned to benefit. It specialises in musicinspired clothing and has been active in recent months creating
alliances with Kerrang!, the UKs biggest weekly rock magazine, and Metal Hammer, the leading monthly metal/rock mag.
However, its real key to future success is the acquisition of Lowlife, a wholesaler and online retailer of music-inspired clothing and accessories.
Just before this deal, EBTM had confirmed that it enjoyed sales of 1.3 million in 2006/7. The second half loss was significantly below the 291,000 loss suffered in the first half, indicating that the group is moving steadily toward
operational profitability.
Lowlife made profits of 646,000 in 2006. The group will now concentrate on three types of band-related clothing tee-shirts, replica clothing worn by bands, plus other music associated brands, such as Atticus.
Broker Seymour Pierce is optimistic about EBTMs prospects, forecasting sales of 8.4 million and profits of 1.68 million this year, rising to 12 million and roughly 3 million profit next. This implies EPS of 0.5p rising to 0.7p in 2008, a
40% hike. The broker has also slapped a 10p medium term price target on the stock, almost double the current price. (JM)
Also posted by nickel-tops on another board.
Definitely not for grungers, but thehits channel 18 freeview running in-house competition for rock gear prizes sponsored by EBTM, advertising every other video, so getting good coverage for the fans.
Goto http://www.thehits-tv.co.uk/competitions.asp
Weve got oodles of rock gear to give you here on the Hits all courtesy of Everything But The Music, the music inspired fashion website 2 winners will win the entire Skeleton Crew range designed by My Chemical Romances guitarist Frank Iero and the entire blacklist clothing range. Theres also all the official MCR merchandise and clothes from Billie Joe Armstrongs new Adeline range. Thats enough clothes to keep you rocking for years!
Luck to all n-t
Ultimate Cynic
- 16 Jul 2007 16:55
- 58 of 80
Thank's trig, I'll check out ch18 tonight.
UC.
trigger45
- 17 Jul 2007 06:51
- 59 of 80
Thanks for popping in UC.
Good luck.
Ultimate Cynic
- 17 Jul 2007 09:56
- 60 of 80
I have just a small speculative punt of 50,000 shares at the moment trig. Just waiting to see what happens. Didn't manage to catch the advert last night. Is it on at any particular time? Say early evening or later?
UC.
Ultimate Cynic
- 17 Jul 2007 10:02
- 61 of 80
trigger45, are you into SDK (SameDay Books.co)? If not go and check the chart on MoneyAM - Jeeeees!!!! I could have bought a million at 0.5p and they are now 5p each in just 3 months!!!!!
UC.
trigger45
- 18 Jul 2007 07:22
- 62 of 80
Sadly no UC. I'm also fully invested for a while which is driving me crackers to be honest, but I will take a look as those figs are very impressive.
I'm just a little shy of the amount I want to hold in these and I then want to top on NEV.
To be honest I'm trying to hold myself back as I have much to learn and until I can prove this year isn't a one hit wonder I'm more comfortable with the majority of my money in a high interest account as only 13 years to retirement.
trigger45
- 15 Aug 2007 07:11
- 63 of 80
Excellent news today. As mentioned it's a long term hold, but things are being put in place for a strong future.
EBTM PLC
15 August 2007
Date: 15 August 2007
On behalf of: EBTM plc ('EBTM' or the 'Company')
EBTM plc
EBTM PLC ANNOUNCES 800,000 ORDER WITH LEADING UK RETAILER
EBTM, the online retailer and brand owner of music inspired fashion, is pleased
to announce that an 800,000 order for clothing has been placed by a leading
retailer within the United Kingdom.
The total consideration for the order is 800,000 and underpins EBTM's existing
forecast for the current financial year. The order is for an October delivery
and includes the distribution and sale of EBTM's recently acquired Atticus brand
clothing range.
Richard Breeden, Chief Executive of EBTM plc commented,
'This is a positive step for EBTM as we continue to build growth across all
areas of the business. EBTM continues to develop appropriate avenues for
sustainable growth and this agreement creates an excellent platform for future
development.
'As a company, our main objective is to drive profits and revenues for our
shareholders. We are rapidly becoming recognised as the leading retailer of
music inspired fashion in the UK and Europe. This order will consolidate our
performance for the current financial year and we look to the future with
confidence.'
trigger45
- 05 Sep 2007 07:21
- 64 of 80
And the news just keeps coming. A slight drop in the share price yesterday and to be fare it is proving to be one to hold for the long term.
I'm impressed so far with all the things they are putting in place to become a strong profitable company.
EBTM ENTERS AGREEMENT WITH GREEN
DAY'S ADELINE CLOTHING
EBTM plc (EBTM), the online retailer and brand owner of music inspired fashion,
is pleased to announce that it has entered into an agreement with USA based Rock
Steady Clothing to run an online store for the Adeline ('Adeline') clothing
label. The agreement will also include the distribution of Adeline product to
wholesale suppliers in the UK.
Adeline is a fashion label created by Billie Joe Armstrong, the lead singer of
multi million selling rock band Green Day. Its product range and marketplace are
complementary to EBTM's existing business and the brand has already sold
successfully on EBTM.com, having previously been imported direct from Rock
Steady in the USA.
The agreement gives EBTM the exclusive distribution rights to the brand in the
UK and Spain with immediate effect. EBTM will launch a single brand web store
for the company shortly. In addition it will distribute Adeline products via its
own wholesale distribution network that it acquired as part of the Lowlife
acquisition on 1 June 2007.
The Board of EBTM is confident that the complementary nature of both businesses
means that there will be a number of trading and operational opportunities where
revenues and margins can be enhanced and costs saved.
Richard Breeden, Chief Executive of EBTM plc commented,
'We are delighted to announce this agreement with Adeline as it offers a
significant opportunity to strengthen our existing wholesale and online retail
operations. The brand already has a loyal customer base and we are confident
that we will be able to continue to a provide high quality service.'
'We are excited to bring Adeline to the UK in a meaningful way for the first
time. The synergies between our existing businesses and Adeline are excellent
and it represents a clear example of music inspired fashion created by one of
the biggest bands on the planet.'
-ends-
Date: 05 September 2007
For further information contact:
EBTM plc cityPROFILE Nabarro Wells
Richard Breeden William Attwell Hugh Oram
Tel: 020-8704-0034 Tel: 020-7448-3244 020-7710-7400
About EBTM plc:
EBTM is an AIM-listed vertically integrated online retailer of music inspired
fashion, selling licensed merchandise and branded clothing, accessories and
footwear, enabling consumers to mirror the identity of their favourite bands.
EBTM also owns the successful and music inspired Atticus and Lowlife Clothing
brands and operates a global distribution business which distributes these
brands and others held under license.
trigger45
- 07 Sep 2007 08:28
- 65 of 80
If the rise today holds I will be up 1% on my investment. Nothing to shout about I know but have been constantly topping up on this one for quite a while now.
My investment was never about short term gains but looking to hold for the long term.
The market appears to like the recent news for this one and I hope it continues as it's by now my biggest holding ever.
The company is still very much in it's infancy but I believe the board are building sound foundations for a very successful company in the future.