Active
- 27 Oct 2007 11:38
PRICE 3.75-4.25 PENCE.
Publication Date:May 14 2007
MediaZest
Internal changes allow for capitalisation of product suite
* Provides technical and creative digital media solutions
* Well positioned to take advantage of changes in advertising market
* Acquisition of Touch Vision broadens the customer base
* Share price overshadowed by misconception that they are dependant on the advertising revenue cycle.
http://www.equitydevelopment.co.uk/from-sponsor/mediazest/413
Mediazest Half-yearly Report
MediaZest Plc
Interim results for the six months ended 30 June 2007
CHAIRMAN'S STATEMENT
Introduction
The results for MediaZest Plc ("MediaZest", the "Company", and collectively with the Subsidiary Companies, the "Group") reflect the six-month period to 30 June 2007. They incorporate the results of its subsidiaries, all of which are wholly owned.
Results for the Period
Turnover for the period was 1,806,000 (2006 - 1,325,000) and the Group made a loss for the period, after taxation, of 223,000 (2006 - 447,000) after finance costs of 3,000 (2006 - 2,000) and having paid administrative expenses of 1,003,000 (2006 - 955,000). The basic and fully diluted loss per share was 1 pence (2005 - 2 pence). The Group had cash in hand of 251,000 (2006 - 963,000) at the period end.
Overview
The Group has made considerable progress in revenue generation during the period in both operational subsidiaries, MediaZest Ventures Limited ("MediaZest Ventures") and Touch Vision Limited ("Touch Vision"). Revenues in the Group grew by 36% versus the comparative period, reflecting increased interest in the products and services we offer and the developing digital out-of-home advertising market. The programme of cost containment measures begun in 2006 has given the business a more tenable cost base going forward and the full effect of these changes is expected to be felt during the second half of 2007.
Despite these positive developments, the Group recorded a loss in the period of 223,000, albeit half that of the comparative period in 2006. The largest proportion of these losses was incurred during a difficult start to the year in January and February.
MediaZest Ventures
In order to increase our revenue we pursued a new marketing strategy during the period, which has been successful in generating business from new clients.
These continue to be, predominantly, advertising agencies, media agencies and brand owners looking for both creative and innovative ways to increase sales or reinforce branding messages.
Our efforts have been aided by increasing acceptance of the use of digital media in out-of-home advertising. Industry intelligence puts the number of out-of-home screens capable of carrying advertising at over 120,000 in the UK alone. Although the Group does not currently operate such national media networks, it is indicative of the growing interest in the services that we offer.
During the first half of 2007 we undertook projects for blue chip companies such as Mizuno, Sony, Famous Grouse and 20th Century Fox, amongst others.
Repeat business with clients such as Chivas has also been encouraging.
Touch Vision
The improvement in Touch Vision results since we took ownership in 2005 has continued. This has been due, largely, to the reforms made to loss making areas, the winning of new contracts and an increasing volume of business being passed through from other Group companies.
In addition to the three-year framework agreement for the provision of sales, installation, and maintenance of audiovisual equipment to London South Bank University and London Metropolitan University, won last year, we have been appointed as one of four audiovisual installation suppliers to another large university for a four year period with effect from 1 August 2007. Furthermore, we have recently won our first piece of business under this tender agreement, which will be completed by the end of September 2007. Other significant wins have allowed our Education department to continue to grow and we have spent considerable time honing our high quality offering in this area, with encouraging results. Since the majority of work for these organizations occurs during holiday-periods, this work has proven counter-cyclical to our retail business and hence reduces our operational risk.
As the Christmas period approaches, orders across our retail clients have increased. We were pleased to have been involved in the HMV Store of the Future project, which has recently opened to much media interest. As well as providing audio-visual design, integration and installation services to this project, we have also supplied content management to a range of passive and interactive screens. The Company continues to provide maintenance services to all HMV UK stores. In the first half of 2007, we completed a range of exciting new audio-visual installations for a shopping centre in the North West of England, which included the deployment of Panasonic's 103" Plasma Screen for the first time in a UK retail environment and the implementation of a wide range of content management solutions.
In the Corporate sector, the Company completed two significant orders - providing audiovisual solutions for the new UK headquarters of both Electronic Arts, a major international computer games manufacturer, and Dunnhumby, a leading database manager and analytical services provider.
Outlook
The growing demand for digital out-of-home media coupled with our improved positioning and awareness of our services in the marketplace gives us grounds for optimism in the future. The second half of 2007 has begun with the Group's strongest ever quarter and in addition to a wide range of work in the education sector we have a good order book going forward with a number of well known blue-chip clients.
The impact of the rationalisation programme that was begun in 2006, is anticipated to be fully realised in the second half of 2007, with cost benefits occurring, primarily, in salary and administrative costs. Although headcount has increased, we have recruited more chargeable engineering resource whilst reducing non-revenue producing staff costs resulting in a net saving in salaries and employment overhead.
As part of our revised strategy in the market, we have begun developing closer ties with traditional Point-of-Sale suppliers as we believe that the future of in-store Point-of-Sale lies in the amalgamation of our technology with more traditional methods; the common ground being creativity in the crafting and delivery of the message.
Lance O'Neill Chairman 17 September 2007
1 YEAR CHART
trader6
- 28 Oct 2007 13:31
- 26 of 60
Again you completely avoid the question of their cash position and their funding.
Dont you realise that companies that makes profits still burn cash ?
I think i'm wasting my time here, you seem to be just a pump and dumper.
Good luck but i will filter you now as there's no value in trying to have a
reasoned debate.
Active
- 28 Oct 2007 13:33
- 27 of 60
Good Luck I will filter you too as you are hell bent on not looking at any of the positives from last months Interims.
kammy
- 29 Oct 2007 08:22
- 28 of 60
i see chaucer6 (active)is ramping it here as well as A D V FN
Active
- 29 Oct 2007 20:06
- 29 of 60
Very good buying volume today which has been lacking before. Nice rise and IMO should see the price rising to around 7.00-7.50 pence which I think is fair value without news. Was at work all day so couldn't get the chance to speak to Geoffrey Robertson but will do so tomorrow. Level 2 closed positive at 2 v 1 and 2 of the market makers have already taken positions on the 5.50 pence offer.
Active
- 29 Oct 2007 20:06
- 30 of 60
The Client List has been updated to what is was from in August 2007. Could do with announcing new client WINS in RNS's. New Clients:
* Dunnhumby
* Modus Properties
* London South Bank University
* London Metropolitan University
Client list
* Sony Ericsson
* Nintendo
* Microsoft (Xbox and Vista)
* Motorola
* Sony
* Proctor & Gamble
* Shell
* Chivas Regal
* Vodafone
* Mizuno
* Adidas
* Nokia
* Boots
* O2
* Musgraves
* Intel
* Arsenal FC
* Candy & Candy
* Unicredit
* HMV
* C&A
* Estee Lauder
* Dunnhumby
* Modus Properties
* London South Bank University
* London Metropolitan University
* The Co-Operative Group
trader6
- 29 Oct 2007 22:40
- 31 of 60
Had a read of the thread on advfn, it's clearly a pump and dump, any questions
on fundamentals and cash burn just get ignored like they did on here.
I'd be wary of chasing this up because there's a few on there looking to dump
and you can include active for starters.
js8106455
- 10 Sep 2013 14:23
- 32 of 60
AUDIO WEBCAST: Mediazest MDZ - Final results and annual report
Click here to listen
skyhigh
- 20 Sep 2013 15:26
- 33 of 60
Bought some more of these yesterday...a bit of action today,,,it looks encouraging for new contracts to be announced soon (imho)
skyhigh
- 16 Oct 2013 18:25
- 34 of 60
I'm sure this'll come good over the coming year.. imho, I'm staying in!
skyhigh
- 07 Nov 2013 07:25
- 35 of 60
Nice RNS released this morning... building up niceley!
MediaZest Plc
("MediaZest", the "Company" or "Group"; AIM: MDZ)
New contract wins
7 November 2013
MediaZest, the creative digital out-of-home advertising company, is pleased to
announce new contract wins.
The Board has pursued a policy this year of increasing its investment in the
development of new business in the Corporate sector. The Company is therefore
pleased to announce the following progress:
* A major engagement in the design and build of a large video wall project on
behalf of a well-known financial institution located in the City of London;
and
* Delivery of a bespoke hologram display unit for another large and newly
acquired corporate customer in the airport security and threat detection
industry.
The Retail and event marketing business continues to grow as demonstrated by a
number of contract wins.
* Following a successful campaign in February 2012, MediaZest has built a
relationship with Topshop and delivered a large scale projection campaign
for their Autumn Winter 2013 launch. This included a live stream from the
catwalk show to the front of their Oxford Street flagship store. The
Company is currently engaged in providing additional displays for the
Christmas 2013 campaign.
* In November the Company will also design, build and install Christmas
window displays for O2 and Boots in a number of their highest profile
retail outlets.
The combined revenues from all these new contracts will be in excess of £
300,000 in the current financial year.
The Board appreciates shareholders are eager to be updated on progress on the
large contract with a large multinational brand announced April 2013. The
project is now live and deployment has successfully commenced in over half a
dozen countries around the world. It is anticipated that this project will be
exhibited in approximately 60 countries during the next nine months. The Group
has been asked to maintain confidentiality over the project at this time but
will further update shareholders when able.
It has already been successful in securing some small additional revenues
related to the project and the Board believes there is potential for further
significant additional work with this client.
The project implementation stage has begun well and the Company has to date
received over £850,000 in payment for services rendered.
Revenue for the current financial year ending 31 March 2014 is already
significantly in excess of last year's turnover. The Company expects to build
on that in the remaining months of the period.
skyhigh
- 22 Nov 2013 22:10
- 36 of 60
good consolidation happening here...lots of good news to come (imho)
skyhigh
- 08 Dec 2013 19:27
- 37 of 60
good consolidation happening here...lots of good news to come (imho)
skyhigh
- 02 Feb 2014 18:39
- 38 of 60
Still time to get in at ground level on this one lot's of good news to come! (imo, dyor)
.."Revenue for the current financial year ending 31 March 2014 is already
significantly in excess of last year's turnover. The Company expects to build
on that in the remaining months of the period."
skyhigh
- 19 May 2014 21:08
- 39 of 60
Stick with it folks!... and top up when you can! (imho & dyor)
mitzy
- 01 Oct 2014 09:17
- 40 of 60
Top riser on the board.
skyhigh
- 01 Oct 2014 20:44
- 41 of 60
Yep, looking good. I'm staying in!
skyhigh
- 02 Oct 2014 21:20
- 42 of 60
Typical MDZ though...always end up down/level after good news! one day it'll be different!
mitzy
- 15 Oct 2014 16:49
- 43 of 60
Down 10% today.
skyhigh
- 22 Nov 2014 17:41
- 44 of 60
I'm still in!
deltazero
- 24 Nov 2014 16:16
- 45 of 60
more tomorrow one would expect
gla