spike501
27 Oct 2015
AGM I'll be attending on Thursday - anyone else going?
sfbrains
09 Oct 2015
psmith quick [link]
spike501
08 Oct 2015
Snippets - Televisa A couple of snippets from Televisa over the last week or so.Firstly and potentially fairly importantly Televisa had been referred to the regulators in Mexico for having a potentially dominant position in the pay TV market - they have over 60%. To the surpise of most the regulators ruled that Televisa did not have a dominant position - this decision was certainly not expected. Its fairly significant as any ruling against Televisa would likely have resulted in Televisa having to sell off some parts of their pay TV networks. I imagine this has been something of a distraction for Televisa and has slowed down their efforts at integrating all their 5 networks under the single brand.[link] other news Televisa has announced it is re-launching its OTT platform in 2016. Mirada signed an OTT contract with Televisa but I don't know if it relates to this platform or OTT on their pay-TV platforms.[link] price seems to have found its bottom for now - the more time passes and no placing happens I would expect to see further strength as the risk of a placing recedes.
psmith64
06 Oct 2015
Re: Update A good level headed response as ever SpikeIf you buy into a speculative AIM company you have to accept all the risk that goes with it which includes tying your cash up for quite a while with the possibility of not much capital increase or at times being in a loss making situation.Ultimately you have to understand that you may lose the lot hence the reason you gamble what you can afford to lose which I guess is the case with all of us that have invested here.Some on here started to say 10 years ago that the company would go bust but since the change of management and the evolution of Mirada if anything it got ahead of itself and thankfully it has survived and now we are starting to see that Mirada are a respected player in the OTT television services which has only in recent years been possible with more people having access to high speed internet.Anybody looking at this now with what has gone on over the last few years has a good chance to get a sizeable holding at good entry point.As somebody else said though at these levels it would be good to see some further director investment to give some confidence.
spike501
06 Oct 2015
Re: Update Mr Nieve,In terms of TW all I would say is that I find it useful to take a number of views on board and he certainly has views on things. I'm less interested in his recommendation, rather that he had spoken to the CEO who has insisted that Mirada do not need to issue equity because of the delay. I don't suppose TW is lying about having spoken to the CEO.In regards to your comment about this being similar to Yoomedia and buying contracts cheaply - I hadn't considered it so it made me think, so thanks for that. However I don't believe it to be the case. Televisa have bought a fairly important service from Mirada for their pay TV platform but in terms of their overall CAPEX spending its pretty small - Televisa would not make a decision based solely or even primarily on cost, the quality of the product has to be there as well. Also the main revenue from this contract comes from licence fees and not professional services - so far its been virtually all professional services revenue which does have a positive margin for the work standalone but it is fairly low margin. Once the licence fee revenue kicks in it should be materially profitable.I think its perfectly fair though that the jury remains out on this.
MR NIEVE
05 Oct 2015
Re: Update You might as well believe Mickey Mouse as TW
spike501
05 Oct 2015
Re: Update Interesting that Tom Winnifrith today has given a bearcast and has given an update on Mirada.Just for those of you who don't know what a Tom Winnifrith bearcast is - its basically a Tom Winnifrith recording where he slates mainly AIM companies for poor behaviour, ramping before placings, making heavily discounted placings etc..As you can imagine I was rather apprehensive seeing that Mirada was being discussed.Update was that Tom Winnifrith spoke to the CEO on Friday and the CEO is adament that Mirada do not need to issue shares as they have enough cash to see through until the contract is launched. Tom Winnifrith trusts him (and also Matt Earl who is a non exec) and therefore has this as a speculative buy.I'd really like to hear the company say this themselves but it certainly makes me feel slightly more relaxed.
MR NIEVE
05 Oct 2015
Re: Update This is Yoomedia all over again,they are buying contracts,thats probably why they beat cisco.It is costing them money hoping it will do very well and start to make money,but it never does,just enough to get by.
Hawk Eye32
05 Oct 2015
Re: Update Ps, it is more jam tomorrow, I only hope you are right with SP double in 12 months. If as previous post there is a placing then all bets will be off to double sp.
psmith64
05 Oct 2015
Re: Update It has certainly been a rollercoaster and as I have always said in previous buy recs this is still a gamble and not one to invest in for the short term.It does look extremely cheap when you have been following the progress over the last few years. We know from the previous award of the Tier One contract that they fought of competition from Cisco which was some achievement.As was the case before prior to award of this contract there were delays out of Mirada's control and we are seeing the same today.Going to take a few more today at these current prices from recent profits taken elsewhere as the gambler in me says you could be looking at 100% upside now in the next 12 months.
JohnyCash
05 Oct 2015
Re: Update 6p to buy nowOh dear...........JC
spike501
05 Oct 2015
Re: Update Down to 6p to sell now - this is either a massive overreaction for what is nothing but a delay of revenues for around 6 months or a placing is coming that is going to add significant dilution. I would suggest its likely any placing would be made at 5p given the current share price and a at least a million would raised so dilution of 20-25%.I'd be extremely annoyed from the lack of planning and it would further damage sentiment but it still would it still wouldn't fundamentally change the attractiveness once licence revenues start flowing from Televisa.
sceptical ali
30 Sep 2015
Re: Update Let's see what happens in the coming weeks, if no new contracts with new customers are announced by the calender year end, then it's time to question the management's credibility in my view.
spike501
30 Sep 2015
Re: Update No its fine - its a discussion board, I'm happy to see other views. I'm clearly the 'ramper' on this discussion board at the moment although I hope it is at least with fairly well explained reasons.In defence of the management..One of the reasons I have held and even increased my position is that I really like the CEO - the company is about 15 years old, employs 100 people and does some pretty good work in fields that are dominated by larger players - he built that. He has serious enthusiasm, is technical and hands on and I think the strategy is the correct one.I also believe financially he and the BOD are not excessive - he is paid a touch over £100k per year. I imagine as either a technical resource or if he was working in a large company overseeing an 100 people department this is the sort of salary he would command anyway. They also don't get mad every year with options.
sceptical ali
30 Sep 2015
Re: Update I'm not having a go at you spike, I'm also a holder, it's the management I'm critical of.
