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.

It is also comforting that Wiliiam Hill have sufficient belief in the future to renogotiate the contract.

WellI have just bought some more at 7.90 - so fingers crossed

Brave man, Baza.
I sincerely hope its your best ever call!!
Alan

Lets face facts guys, they keep saying they will be cash flow positive by XXX, yet they NEVER deliver. Yet again this morning we see YOO for what it is, nothing but hot air and hope. They completely fail to deliver. Will you please wake up and smell the coffee. The statement this morning means they will have to raise cash.

"Such alternatives are expected to provide both increased marketing opportunities for the division and strengthen the Company's balance sheet."

In corporate speak, in case you are unable to hear it, that means, we are short on opportunities to raise cash and we are looking to sell off the silverware.

Never fall in love with a position because it wont love you back.

"To date the Company has managed the impact of these delays on cash flow
within its banking facilities, and is currently exploring a number of available
options for strengthening its balance sheet."

Be very worried....

looks like Dil was correct.......

Scrip

our conversation on Friday has come true scarily quickly :-)

lol what a suprise !!!

Jam tomorrow .... after big rights issue.

Its still a pile of sh*te iPublic and always will be imo.

Have a nice day.

oh dear Dil-lend us a quid will you and buy me a drink for Christmas to drown my sorrows!!

"our conversation on Friday has come true scarily quickly :-) "

The sad thing is it was so obvious but try and warn people and you get grief. Honestly.....

mmmm.....directors seem to have been somewhat economical with the truth at whatever meeting took place...no need for rights issue...looks like their only option to me

Selling off the best bits may raise some cash but could leave existing shareholders with very little of any worth left.

The thread has been quiet today for a company with such great prospects.

I like this bit......

"Are they running out of money?

The company is nearly profitable at the moment, even without significant WH and Broadband TV contributions. The aim is to become cashflow positive over the next couple of months and the Chairrman has stated to me and others (at our recent meeting at Yoomedia HQ) that he is relaxed and happy with the way matters are progressing. "

and this bit......

"On the face of it they only have a couple of million quid left to get through. However, The Chairman has given us an assurance, which I hope is kept, that there are no plans for the company to prostitute itself to a rights issue at these levels solely for working capital requirements. A rights issue has never been discussed and the company are happy with the current financial position. The Boards interests are firmly aligned with those of shareholders and any dilution at these levels would hit all shareholders (including the board) hard in the pockets. They seem confident that they will make it through to cash flow positivity without the need to dilute the shareholders interests. "

But of course the market has changed since then hasn't it.

Now now guys - no need to gloat or rub salt into the wound

So you have a different opinion to those with a heavy investment in Yoo and who believe in them - and who knows what might happen yet ???

Hi, there . First time here. I enjoy your posts Scripophilist. One of the joys of trading is that as soon as a position's bad ditch it and go the other way. Yooomedia's rubbish in my opinion and could go the same way as Sanctury. I wonder if you have any views on Pursuit Dynamics, I thought they too were a load of rubbish but now the gits have gone up after a successful placing, I sometimes wonder about these institutions, . You might find some stupid enough to bail out this pile of rubbish, yoomedia as well.

Thanks to Triggertv.


The shorters should be really worried.

Today's news, provides huge credibility to last weeks rumours of a takeover approach for the whole of Yoomedia.

During the last three months the Board has conducted an in-depth review of the Company's activities. This has resulted in a decision to explore strategic
alternatives for its Dating division following preliminary approaches from third
parties. The significant value of the Dating business is, in the Director's
opinion, obscured in the Company as a whole. Such alternatives are expected to
provide both increased marketing opportunities for the division and strengthen
the Company's balance sheet.

It appears, several weeks ago, one of the potential suitors for Yoomedia dating, decided the 3G Video Dating was so valuable, it was worth offering the Yoomedia board 20p a share, for the entire company. This was dismissed as opportunistic by Mr Sinclair and Mr Macdonald.

Now visit the Yahoo dating portal. Great, yes? But look closely and what is it missing? Yes, Yoo have something Yahoo don't have!

http://www.dateline.co.uk/mobile/

Then there's the small matter of the Dateline brand name, established for 40 years and a huge database of active singles.

Now I believe, after the dust settled on the rejected offer, the Yoomedia board realised a substantial sum of money could be raised by selling a chunk of the equity of the dating division, in exchange for a large lump sum.

This is what's going to happen. No cash call or placement. Sorry shorters, your barking up the wrong tree. Let's examine the evidence.

Such alternatives are expected to provide both increased marketing opportunities for the division and strengthen the Company's balance sheet.

No placement, no cash call. That's a fact. Do you need it stamped on your foreheads??

So 20p a share for the whole company, valued YOO at 100m. 25% of the equity in Yoomedia dating, could be sold to a large dating player like Yahoo, who will be absoulutely gagging to get Yoomedia's, exclusive, 3G mobile, video dating technology onto thier dating portal. Take another look at the Yahoo portal. It's missing only one thing, yes?

http://www.dateline.co.uk/mobile/

So how much will a 25% stake in Yoomedia dating be worth? Well with several interested party's knocking on the door, we may see a price of 15m to 20m, for a 25% stake. No, that is not pie in the sky. How much money could Yahoo earn from this technology, by placing on thier dating portals, on a global basis?

Shorters will burn!

That has to be the funniest post I have ever read on a bb. I am sure the 'shorters' as you mention must be panic stricken after the shares fell 25% in one day and the company announced it had run out of cash. Scary stuff for somebody that is short I think you will agree. ROFL!

However, I think dellusion has come to the fore here especially as most of the negative postings on the this thread whom have persistantly warned on the problems and been proven correct many times. Also they have not come from shorters but just people warning unwary investors to avoid this cash eating machine like the plague. How many warnings does it take?

BTW, Any sale of any business will be a firesale as everybody knows they are desperate for cash and any competitior wanting to take them over would probably wait to get a cheaper price from the liquidators.

The RNS was more positive than negative overall but too many focused on the delay to the positive cash-flow. We are only talking about a delay of a quarter, this is no big deal for a company like YOO especially when you bear in mind the amount of work that has gone into setting up new deals, this costs money and the returns take a while. Plus the terms of the WH deal have been improved, I believe that is worth the small extra waiting time.

My attitude to YOO has not altered after this RNS, and as someone else said earlier it's very likely they are getting the 'bad' news out now so that when the imminent good news starts to flow it won't be encumbered by any skeletons.

The shorts had a good day today, albeit more by good luck than any professional judgement or expertise. I don't mind the shorters generally, they have their place but it is totally unacceptable to have to put up with their constant and infantile gloating and personal attacks on others like we have had today. Thank heavens for the 'Filter' facility.

Regardless of what happens with the SP in the short term I still believe the company will pay handsomely in the mid/long term.