The Hardman and Co September report was released today and a big disappointment regarding content or lack of!
http://www.hardmanandco.com/Research/monthly/September_07_Monthly.pdf
They have been known to update previously released reports so I expect this to happen for Septembers.........
Below is a list from April 2007 to todays for both information and a sort of 'spot what they've missed' type game :-)
H&C April 2007
GALLEON (SP=13.5)
It is interesting time for Galleon with a number of announcements this month.
We were extremely glad to see that Sokator-442, the football based animation
series, has received offers from broadcasters in Germany and Australia.
Sokator-442 seems to have been a little slower to take off than Apollos Pad or Skunk-Fu! but at last it is getting there, giving Galleon Entertainment three properties ready for development.
MIPTV is being held in Cannes and Galleon is marketing Sokator-442 and
the music-based animation Apollos Pad actively.
Galleon is already well on track with its IP properties and a good MIPTV could
improve their potential considerably.Separately, Galleon announced a new EUR 700k order for its in-pack premium business, Croco. It will be
providing the Blasterz toy for Pepsico in two additional territories. Croco has done well to build on its existing contracts in addition to winning new business and its high level of sales gives us confidence in our forecasts
for this side of the business.
The shares responded quickly to the announcements.Having drifted down towards
8p in a period with little newsflow, they have now moved up to 13.5p.
H&C May 2007
GALLEON (SP=11.8)
Pepsico has placed a E0.3m reorder for the toy IP Blasterz.
Chief Executive Stephen Green suggests that this could indicate
long term sustainable revenues from the product, as territories
re-use the IP for other promotions.
H&C June 2007
GALLEON (SP=14p)
Interim results just announced show Galleon is making good progress.
Turnover has increased from just 743k to 2.4m, and operating losses have been
nearly halved.
It's not the numbers that are important though, but the progress the company has made with its business.
Croco, the in-pack premiums business, has gone fromstrength to strength,
contributing the majority oft he company's turnover.
Meanwhile Galleon Entertainment has made progress in developing its IP
portfolio; animation Skunk Fu! is now being aired in Australia, and the second
half of the year will see music and animation product Apollo's Pad go live, and
Sokator-442 going into production.
We have also seen today the announcement of a major new contract from PepsiCo
for a new in-pack premium product from Croco. This gives Croco a third product
next to the highly successful Blasterz (which has generated over 3m sales)
and recently launched EPIX.
We maintain our estimates for this year and next.The market seemed to like the
results, with the shares rising 11% in early trading.
H&C July 2007
GALLEON (SP=17.5p)
The rights to market Blasterz IP in the UK, France,Germany and Italy through
retail channels have been licensed to Topps, a global creator and marketer. This is the first retail deal for Blasterz and directors talk of
there being tremendous potential in the retail market.
Topps is a specialist in the distribution of pocket money entertainment
products. The deal does not involve a fixed financial sum,but is dependent upon sales.
Galleon continues to supply Pepsico and other companies with Blasterz for use in promotions. To date, 175 million Blasterz have been placed across ten markets
The shares reached a new high on the news.
H&C September 2007
GALLEON (SP=29p)
Galleons share price remains strong as the company continues to put out positive news flow. This month saw a Pepsico double the size of its
original EUR 1m order with Croco for Blasterz, taking the product for a new territory.