psmith64
19 Jul 2016
Re: RNS..JC More chance of a return here now JC than ever before.I suspect more chance in the medium term of 50% return than what you have with Lloyds at the moment which if as you have reported over time your holding is as massive there as what it is you are nursing a pretty massive wound there.Now might be the time to hedge your bets here.
psmith64
19 Jul 2016
A good article....... This year has to be the year.....no more false dawns.[link] todays price with OTT contracts now in place that should take Mirada into profit the SP is now looking good value for investors willing to take a risk for the medium term.
JohnyCash
18 Jul 2016
RNS MIRADA REPORTS DROP IN FULL YEAR EARNINGS(Sharefeature News) - Mirada reported a significant fall in full year earnings on MondayThe group's net loss widened to £0.40m from £0.18m the prior year.The company blamed higher amortisation charges of £1.63m, up from £1.19m in 2015Further delays to the commercial roll out of its digital TV project with South American media group Televisa Net debt rose to £3.48m from £2.61m as a result of increased product investment, delays in the full Televisa commercial roll out, currency exchange factors and lack of customers.Mr VaselineQuiz was reported as saying “I know these numbers look really bad but our grateful thanks go to our shareholders and employees that are prepared to stick by us. A special thanks to our PR Manager Mr Spike who always manages to put a positive spin on things and Paul Smith our Deputy Assistant Filing Clerk for his continued support. Once again the board’s salaries are assured and we have taken the opportunity to top up our pensions. I know I have said this before but I really mean this – next year we’ll all be millionaires”Shares tumbled 17.71% to 4.32p at 1213 BST.
spike501
18 Jul 2016
Re: Nice little 16% tick up today Totally agree RTDA - this year is absolutely key. Good revenue growth and major achievement in rolling out, however net debt remains high and the balance sheet is at still a little weak so there is still going to be some nervousness about the need for additional funds, that the company needs to allay and it can only do that through its financial results. A few key points..- The company still has sufficient working capital facilities - £0.9million of short term lines and £2.9million of invoice discounting facilities, added to £0.7million of cash.- Trade and receivables is £3.8milllion but the commentary says that receivables fell to £1.4million. The balance of £2.4million is accrued income. As I understand it, a significant portion of this should have converted to receivables and subsequently have been invoiced on deployment, giving a significant boost to working capital.- Overall cash costs to the business for the year were around £7million - around £600k was interest charges and the costs of share issuance. If the more stable revenue from the new contract can be realized and they can start to move away from using short term, more expensive debt and invoicing discounting there is considerable savings to be made there.
rollthediceagain
18 Jul 2016
Re: Nice little 16% tick up today ...and a 14% fall this morning after an initial spike up. Accounts weren't that bad given delays in revenues had been well trailed but MIRA need to start raking in the cash this year if it's going anywhere. Time to walk the walk and show their product/business model can be profitable.
psmith64
15 Jul 2016
Nice little 16% tick up today Looks like a few buyers in the market ahead of results.Lets see if the roll continues when we get an update on Mexico with next weeks results.
psmith64
06 Jul 2016
JC...... Last seen outside his local Lloyds Bank with dog, bottle of beer and begging bowl....A little punt here with a small amount of cash might have been less harmful.Did you get out of TW all those months ago....hope you didn't get toongreedy there.Anyway......Mirada looking a good buy to help you out JC....fill your boots.
psmith64
04 Jul 2016
Re: Zzzzzzzzzzzzzzzzz .............. Wanna see my contract notes JC 
psmith64
04 Jul 2016
Re: 3.50p to sell !! Well JC......you must be in turmoil over Lloyds and Taylor Wimpey now....Actually bailed out of TW today......20% in a little over a week was just to tempting.Maybe your insurance policy is a buy in Mirada.....looking pretty good value right now.Fill your boots JC......it could be the answer to your woes.
psmith64
29 Jun 2016
Re: 3.50p to sell !! Up 21% since your 3.50p usual blah blah of the last 10 years.A little better than Lloyds JC lololol.....glad I took the money and ran at 81p a few years back.Might take a punt in a few months where sub 45p is a strong possibilty when housing market crashes.Nice little 10% profit post Brexit in and out on TW......now holding a little at 115p for the longterm and great divi yield.You just going to sit it out with Lloyds or cut and run ?
psmith64
24 Jun 2016
Re: 3.50p to sell !! Patience JC.........a helpful rise the last few days.Could see 20p afteral.......maybe the Brexit insurance policy.Anyway interesting times ahead.
sceptical ali
23 Jun 2016
Re: Interview Thanks spike.
spike501
23 Jun 2016
Re: Interview Ali - he said that this roll out means they will generate free cash flow this year and the balance sheet is sufficient that they won't need funding.
sceptical ali
23 Jun 2016
Re: Interview I could hardly make out a word he said, what was his response when asked about funding?
spike501
22 Jun 2016
Re: Interview It's great news and certainly transformational although I do think the £20million was a slip of the tongue and he actually meant $20million - however taken together with the supplementary OTT contract it should be £15-20million over 3-5 years, most in the first three.This contract should provide enough of a base to allow the company to post profits and generate cash for the next 3 years at least and provide more flexibility and credibility to compete for more large contracts.
