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.

In my opinion too much time is spent worrying over the wrong things.
Who cares what the company does or how much money it makes.
The more shares the better me thinks.
dominic simpson esq (a fan of dilution) ...fillyerboots

if 3 million was not enough, they could easily have raised more, I don't think they would want another placing so soon after this one.

If 3 million gets us through to profitability, and with a 25 million borrowing facility in place to cover trading cashflows troughs, then I think we will see a sharp rise in the SP in the first six months of next year.

Until the company announcs a trading update, with profits, I think we will be stuck in the 7 - 10p range, as per the EVO broker note - that is of course, unless some substantial RNS comes out, that beyond doubt, will add to future finances of the company - which is always on the cards with Yoomedia - do not underestimate Yoomedia's credibility in the iTV world, which will soon be running nicely along side the internet - and look how the internet suddenly exploded - who could have predicted 10 years ago the success of the internet, and the likes of eBay, Google, Amazon, Microsoft etc etc - we will be saying the same in 10 years time about DTV and its iTV applications, and I believe Yoomedia will feature in the list of names of the companies that made it big in this fast evolving new sector - this is the biggest worldwide transformation of TV since it was invented, and Yoomedia are right in there at the start, with a list of clients that make me feel confident of its future, and with a dedicated team of 42 individuals in an Exeter office keeping pace with developments, will continue to add to a long list of clients, which include all main broadcasters.

Massive dilution and you ask not to underestimate their credibility ???

What credibility ?

mctavish stop copying other people's advfn posts....how do you knwo they could have raised more?

this is a big dilution...one you znd the directors said would never be needed....and now it is a good thing.....sorry mate but I think you are insane

think ??????

Here is my take on things...

"If 3 million is all that is needed to see the company through until cash flow positive, at todays price, no dilutuion has taken place"

Absolute total and utter dellusion! Wrong in every respect. Hilarious in fact. This company is shafting its shareholders left right and centre and like lemmings to the slaughter they are lapping it up big time! Hilarious! The directors are shafting you big time, surely you can all see that.

Even if they reach +ve cash flow shareholders will have been diluted so much it won't be worth holding the shares.

At 7p is not a bad deal if that cash remains intact which it doesn't appear to be likely. But holding off creditors may allow them to get to the next stage. But what will there to be to share when they get there.

"The Company also proposes to issue 20,000,000 Director Warrants."

LOL! I'd like to be a director of YOO not for the prospects but for the copious potential rewards on offer!

"the Placing Shares which have been subscribed by investors, including one of the Directors, subject to Admission"

What about the other directors? Why did they not subscribe?

Everybody seemed to miss this: -

"EGM to increase the authorised share capital
of the Company and to amend the Articles by increasing the Company's borrowing
limits. Once this amendment has been approved, the Directors intend for the
Company to refinance its existing overdraft facilities of 4,000,000 with its
bankers, Lloyds TSB Bank plc."

Hurrah! But hold on what's this?

"The Company has agreed with Lloyds TSB Bank plc, as part of the proposed
arrangements regarding the refinancing of part of the Company's facilities, to
grant Lloyds TSB Bank plc warrants in respect of 4,000,000 new Ordinary Shares.
The grant of the 4,000,000 Warrants to Lloyds TSB Bank plc is also subject to
the approval of Shareholders at the EGM. "

They are giving free warrants (more dilution) to Lloyds, they have paid Lloyds from shareholders money to get them to agree a new facility. That's very strange, paying your bank to extend your loan, but not using company money using shareholders money!

Not only that Lloyds will only loan with a guarantee from the CEO. Good old, CEO.

"Lloyds TSB Bank Plc the first 3,000,000 has for the past few
months been personally guaranteed by Dr Michael Sinclair. Following the proposed
refinancing described above and completion of the Placing Dr Michael Sinclair
will still be required to give such ongoing guarantee until such time as Lloyds
TSB Bank plc decides it is no longer required. "

But hold on, the shareholders are underwriting that as well!!!!!

"Accordingly, the Board (save for Dr Michael Sinclair) has agreed with Dr Michael
Sinclair that in return for him agreeing to continue giving this personal
guarantee he will be granted warrants having an aggregate subscription value
equal to 3,000,000."

They have given the rights takers a bonus of 1 for 5 on the rights issue.

"under the terms of the Placing it has been agreed that investors
who have subscribed for the Placing Shares will also receive 1 Warrant for every
5 Placing Shares so subscribed. Each Warrant entitles the holder to subscribe
for one new Ordinary Share at a subscription price of 10p per Ordinary Share
exercisable for a period of 3 years from the date of the adoption of the Warrant
Instrument."

This does not feel like a company that is about to churn in huge amounts of cash. Look at the true dilution!! All of that effectively taken from future profits that should be give to their faithful, if somewhat naive, shareholders.

Looks like they have been deseperate to raise money however they can.

8,571,429 Warrants will be granted
grant of the 4,000,000 Warrants to Lloyds TSB Bank plc
creation of 200,000,000 new Ordinary Shares
grant warrants to Dr Michael Sinclair in respect of 20,000,000 new Ordinary Shares

Surely naive interpretations should be cast out with that RNS, see it for what it is, not for what you would like it to be.

Begining to look more and more like another Tadpole , just waiting for Martini to turn up and start ramping them :-)

scrip......great post...facts facts and nothing but facts!

Stop posting this guys crap if he thinks there is no dilution from todays RNS - he clearly has no idea how a share placing/balance sheet works or is blatantly lying/ramping

As for cashflow not all down to losing money but timing of payments - pmsl - look at the last few years accounts and cashflow statements - theyre burning cash almost as fast as they can raise more

Nice to see they have increased the overdraft - yeah great, they can waste some of the banks money before the come to the market for yet more funding to pay the bank back - ie buying themselves a bit more time - but what is the cost of this facility (interest rate not disclosed!). I also see Lloyds have ensured the personal guarantees stay in place on this facility and have managed to get some free warrants thrown in

Which just goes to show how confident Lloyds aren't !

I am not sure whether some investors in this BB should really be investors considering the comments they are making in relation to value dilution, market cap, warrants, placing etc. A few points:

As far as I see it, a dilution only occurs when shares are issued at a discount to present SP - THIS IS NOT THE CASE. The SP today represents what the market values the company at and for the company to be able to raise it at near market price is indicative of the confidence they have in the company. To put it simply, it's like an institutional investor placing an order of 3m to buy shares in YOO today. The honest truth is that unless you FEEL the current SP is lower than what it should be, it't not dilutive. And if you do feel so, BUY at today's price!!

The current shares in issue is circa 430m. We have/will be issuing a further 42m, so total will be 472m at the end of the day. Please note that the warrants are exercisable at 10p and 15p respectively, so is at a premium to today's price. Anyone that exercises those warrants will have to pay for them and hence inject more money into company. So, unless SP moves above 10p and 15p respectively, no dilution again. As I said earlier, that is why this is a useful benchmark....in that we can at least expect 10p and 15p to be next target SP.

As cynical as the business world is today, we have to accept the fact that PIs have lost out on the basis that we were not invited to participate in placing. I feel this was an attempt by the directors to (a) raise funds to alleviate immediate CF concerns and increase available funds for further expansions AND (b) to allow some potential JV partners/current shareholders to increase holding in ANTICIPATION of future rises in SP - which they seem very confident about. Let's be clear about this.....they own in excess of 50% of company!!!

I am happy about the news today but agree that YOO will have to start turning agreements into bottomline profits. I am confident this will occur in 2006 and onwards, as the management and new investors are. Don't be impatient, all "new" technology companies take time to grow and in that time, invariably require more WC than anticipated. But don't let that deter you from investing in a company on the verge of making real money out of interactive TV and 3G apps. Gambling, dating and information are three areas where money can always be made!!

Good luck.

"As far as I see it, a dilution only occurs when shares are issued at a discount to present SP"

you fail to grasp the basics of company structures and financing.

first of all there would be no need for this despite lots of people saying on here it was almost certain...now when it happens it is a good thing......all very amusing

mactavish

are you for real or are you deliberately trying to mislead people?

Out of interest, what do you make of the increase in authorised share capital by 200,000,000 - why do you think they are proposing this? As a just in case or because they know they are actually going to have to use it in the forseeable future?

fundy...no its cause the share price is going to 1 and when it does all the directors will buy all these shares and become billionaires...or sum other stupid nonsense.

couuld not be because they are not very truthful when it comes to giving an accurate reflection of what is going on....no never!

treb

is that a quid by xmas?

Yeah ... a quid market cap.

Mac , accounting for dummies lesson 1.

10 shares , company makes 10p , eps = 1p

after placing

20 shares , company makes 10p , eps = 0.5p

Hope this helps.

You can come read my balance sheet anytime Dil.

You couldn't afford me .... and answer my email you lazy git.

Even though I wasn't there, I can sense the sort of dicussions and deals that were being doing on this latest round of fund raising. Unless they really pull something out the bag this is surely their last chance?