sceptical ali
31 Dec 2015
Re: RNS Hiya spike, on a personal note, have you ever considered reinvesting in Mira at these low levels?
JohnyCash
31 Dec 2015
Re: RNS spike501The reference to Levis and Darts is down to your username, viz:[link] luck with Mirada. My New Year Resolution for 2016 is to avoid AIM shares once and for all - I have been burnt too many times. Never again.......Happy New Year!JC
spike501
31 Dec 2015
Re: Free cash flow 2016 Barno - I'd be happy with £1-1.5million free cashflow next year, the year after could be higher as they should have all 5 networks upgrading as well as a full year of OTT revenues. However Televisa will by likely using much less professional services so the company will need to secure work elsewhere to deploy resource.
spike501
31 Dec 2015
Re: RNS JC,I'll take the comment about working for Mirada with the jest I will assume it was made in. I don't get the reference to darts or Levis?I don't sit on losses lightly and am fairly quick to change my opinion and move to protect my capital and seek better opportunities elsewhere. I still haven't changed my opinion here, I think this company is making real progress and has a potentially bright future.One of the largest TV-media companies in the world has selected its technology for its home market - the technology has been rolled out on one of its networks and all indications are that the rollout is going well. Rollout to other networks has been delayed but is now imminent and during that delay Televisa have spent and are spending millions more with Mirada.Televisa have 3.8million subscribers and based on the rollout from Cablevision Monterrey about 1.7 boxes per subscriber - thats 6.5million boxes so at minimum $19.5million in revenues over the next 5 years plus the OTT contract for another $5million. Thats £16.5million over the next 5 years and thats ignoring any growth in Mexico which by the way is forecast to continue to grow significantly in pay TV[link] I continually highlight the risk is dealing with one large client but its approaching two years now since the deal was clinched and Televisa seem happy enough to keep spending money.I realise this company has had a number of false starts and totally understand the skeptism - it is not an easy space to change from a professional services model which is never going to be scalable to a licence model that is scalable but it looks like they are on the verge of doing it.They certainly need more large contracts over time and I think that needs to be a goal for 2016 but this still should have plenty of legs assuming successful rollout.So I understand the negativity from the past JC and I would have liked to have seen another contract or two but is there something I am really missing here? Is the Televisa contract not as good as I think?
JohnyCash
30 Dec 2015
Re: RNS Good post spike501the way, what is your position at Mirada? .......Finance? PR?Either that or you're a fan of Levis or play darts regularly......JC
spike501
30 Dec 2015
Re: RNS Very good JC.However, given full year revenue expectations are for approximately £7million and the company confirmed they are on track to achieve this - rollout permitting - then full year results should move a few hundred thousand into profit - around £3-400k would be my estimate.Some important detail in their regarding the Cablevision Monterrey rollout - so far it has rolled out to over 60k subscribers with over 100k set top boxes. This works out at about 1.7 boxes per subscriber.Cablevision Monterrey had at the end of Q2-15 456,464 subscribers. So at current run rate they will have upgraded approximately 25% of their base to Mirada's software in one year.The next two networks to rollout are Izzi and Cablemas - Izzi has 921,482 subscribers and Cablemas 1.26million subscribers - that is a total of approximately 2.2million subscribers, add in the remaining Cablevision Monterrey and it will be around 2.5million subscribersIf the rollout happens at the same pace on the next networks together with the same number of set top boxes per subscriber - and I see no reason why it shouldn't then next year they will have 2.5million subscribers * 1.7 boxes per subscriber * 25% penetration = 1.1million boxes / at average $3.3 per box that is revenue of over £2million next year purely on licence fees.Furthermore they have two more networks to rollout next year - Cablecom with 761,711 subscribers and Megacable with 461,536 subscribers so another 1.2million in total - around 2 million set top boxes. Those roll outs will presumably bring more professional services plus further licence revenue depending on when rolled out.There is also the OTT contract to be rolled out which again I presume comes with professional services and then estimates of $5million revenue over 3 years.So by the end of this year the financials should look healthy, as should next year and the year after. What is needed for 2016 is to secure at least one more large contract to take a further step forward for higher revenues, profits and longer term visibility.
JohnyCash
30 Dec 2015
RNS Commenting on the operational highlights the CEO of Mirada, Mr VaselineQuiz said: Although once again we are posting a loss, the loss has reduced significantly from £880k to £800k which is an outstanding achievement. The losses are mainly linked to administration expenses which comprise Director Salaries and generous pension arrangements. Revenue has increased beyond expectations and has rocketed from £2.2m to £2.3m. The CEO went on to summarise the future outlook of the Group to say “Not to worry Rodney, this time next year we’ll all be millionaires!”JC
sceptical ali
30 Dec 2015
Re: Free cash flow 2016 Back to 5p tomorrow.
barno99
30 Dec 2015
Free cash flow 2016 They could easily make £2-3 million a year from next year and more beyond.. Buy and hold..[link]
barno99
30 Dec 2015
Re: Happy New Year to Mirada Great product,rising market share and rapid profit growth.. Happy new year indeed. 10p very soon imo.
JohnyCash
29 Dec 2015
Happy New Year to Mirada "Investors" How to have a 'Happy New Year' >>>>>>>>>>>>>>SELL !! SELL !! SELL !!(And cut your losses)JC
sceptical ali
22 Dec 2015
Website 5 months since the last news item was posted, what's the point of it?
sceptical ali
17 Dec 2015
2p Soon!
JohnyCash
16 Dec 2015
4.15p to sell today .
sceptical ali
09 Dec 2015
Re: 4.25p A one trick pony, not capable of attracting new clients.
