This looks to be a company with all the pieces in place for rapid growth--very similar to Yoo media--anyone else in these or any thoughts??

Not on these but here is some info

Introduction and background, for Optimistic Entertainment.

Optimistic Entertainment (EPIC: OPE) is a media and television company. It was established just over 18 months ago by its Chairman and group CEO Jasper Smith and fellow director David Brook who has a key operational role. It gained its AIM listing last year by a reverse takeover of cash shell Willow plc which had no operations or revenue but had cash of 2 million and a net asset value of 1.87 million. The name of Willow was subsequently changed to Optimistic Entertainment.

Optimistic Entertainment was created to exploit commercial opportunities ushered in by the arrival of the digital televison age which provides opportunities for small television production companies. It has two key operation divisions: Nation 217 and Studio 217.

The Nation 217 Division - programme distribution.

Nation 217 is a television channel distribution company supplying programming and programme formats designed for broadcasting across a wide range of broadcast channels including television (cable, satellite, terrestrial). Digital IT technology and interactivity between viewers and broadcaster is central to its programme offer.

Studio 217 - programme content.

Studio 217 creates the ideas and content for Nation 217 programmes. Examples of programmes already in existence include:

Flipside a programme based on the format of a discussion of various programmes shown on Sky and elsewhere;

Jamz a similar format where new music releases are discussed by a DJ and guests;

The Vault where viewers compete to open one of various vaults containing prizes and

Quiz Nation a quiz and puzzle show where interactive viewers compete for a prize of up to 5,000.

There is also a gambling programme for betting portals and run interactively on the Sky. Studio 217 shares net revenue with Sky.

Nation 127 supplies air time to retailers provide the programme content but there are plans for the creation of a programme for which Studio 127 will create the format and content.

The market - size and location.

The company addresses both a UK and international market. The CEO Jasper Smith relates Optimistics offering to a broadband market worth 120 million worldwide which is believed to be growing fast in response to demand for entertaining content. The company says that its programmes are viewed in the US and Asia. and has plans for content specifically aimed at Asian demand. The company currently does business with Sky and Channel 4

Revenue

Identified sources of revenue include: revenue from interactive dealings e.g,.telephone; sales of content and format to third parties; licencing fees etc; fees from providing consultancy advice and production services to third party broadcasters (e.g. help and advice on brand presentation, product positioning marketing strategy etc); production management fees and revenue sharing.

Investment Summary.

Optimistic Entertainment is a small company which has organised its self to take advantage of a new worldwide source of demand made possible by the appearance of digital technology. In the year to November 30 2004 (just over one year since its establishment and incorporation) Optimistic had revenues of just over 727,000. It made a loss net loss of 3 million that year having used 2.15 million cash on operations. The reverse acquisition of Willow and the issue of more shares transformed the financial position of Optimistic Network as shown in the pro forma balance sheet prepared by the accountants for 30 November 2004. It showed a company not only with operations but also sufficient assets for the immediate finance of those operations.

On 30 November 2004 Fixed assets of 15.36 million (of which 15.3 million were intangibles), current assets of 3.2 million of which 3.36 million was shown as cash) and net assets of 16.8 million. Short term liabilities were 2.5 million. Subtracting those from current liabilities left the company with a working capital surplus of 1.44 million at that date. So this was a healthy balance sheet of assets and liabilities

The company plans to increase sales revenue fast from 0.727 million to recover an operating cost base for the company which last year was running at 3.7 million.

It has an experienced management team for this task and everything will depend on their abilities and success on growing the business. Jasper Smith the Chairman and Group CEO had early commercial experience in selling subscriptions for Sky TV. He went on to establish Interactive TV which was sold on 2003. David Brook who has responsibility for content was earlier a director of strategy and Channel 4. He is described as introducing Test Cricket to Channel 4 and was involved in winning the Simpsons from the BBC. Prior to that he had been a marketing director at Channel 5 and the Guardian Media Group. There is a Finance Director, Mark Fone CA responsible for overseeing financial, legal, general management and human resources. The management team has just been strengthened by the recruitment of Carolyne Maze 32 with commercial expereince in programme licencing and distribution and David Whitehead 32 with production experience that embraces the Big Breakfast show, Ant and Dec, Office Monkey and Big Brother.

Investment conclusion.

This company appears to have directors with commercial experience and skills highly appropriate to the task of building this media and television business. It had revenue and the financial resources as a solid base to build on during this current year. However, it knows that it must rapidly expand operations and revenue fast in 2005 if it is to reach the profitability it believes is possible in the near term. It operates in highly competitive markets dominated by demanding TV channels and advertisers. Optimistic Network is therefore an early stage speculation but one supported by the following facts: evidence of sales revenue of 727, 000 during the first year of operations; a recent sound balance sheet on which to build; an experienced management team and large market opportunities to exploit. The company indicate that it is aiming for revenue of between 3.5 million to 5 million for this year to December 2005 and an EBITDA profit of 1 million. This is not official guidence but an early stage expectation and objective. A promising but speculative early stage investment.

Thanks Driver--plenty of time to accumulate I think but tempting.

10% down and no trades?

not very encouraging--this one may take years to get going!!

Some things happening with your OEP mp, up yesterday and now today.

yes-pleased to be back to blue, it got a bit hairy last week. I'm still holding for the long term.but only got a few-3000. last of the big spenders!!

mp
Still you can't grumble at 55% over two days well picked, I have just got into GOO looks very promising a small oil and gas stock that hasn't taken of yet.

that's a coincidence--great minds think alike!! I've just bought in too. I've also bought some Cleardebt---CLEA a new float. the company is already profitable and pays a dividend if my research is right. no interest at all in it at the moment but it is an IVA debt company internet based which seems to me the way to go. It's website is very good--I've made money on ACG and DEBT missed out on DFD but they've all gone much higher---so I'm first footing on CLEA at 3.5p ! are you keeping your MDY? I was wondering whether to move on or hold long term. cheers MP

Welcome aboard GOO, Im holding MDY there are possible announcements to come from them soon, the launch date of their new product with Menarini, a new CEO, more positive trading updates, and MDY is in a good position as a bid target, so IMO hold or add.

cheers driver.

still going up but no news!

mp
What goes up, as they say.

Blink and you missed it!! I'll have to stay patient on this one--like many of my holdings. PCM is waking up though-not yet blue but nearly.

mp
What's happend.

Yesterdays trading update isn't going down to well.

Up 63% today