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Fund Manager Chris Bailey talks about an opportunist 2017 for investors


Mirada Share Chat (MIRA)



Share Price: 2.875Bid: 2.75Ask: 3.00Change: 0.00 (0.00%)No Movement on Mirada
Spread: 0.25Spread as %: 9.09%Open: 2.875High: 2.875Low: 2.875Yesterday’s Close: 2.875


Share Discussion for Mirada


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Rollthediceagain
Posts: 437
Off Topic
Opinion:No Opinion
Price:2.625
RE: Alfacomp
5 Dec '16
Fall seems overdone to me... revenue inflow will be slower not lower over time. I don't see a return to 4s anytime soon but 3s yes.
 
KNIGELK
Posts: 18,005
Off Topic
Opinion:No Opinion
Price:2.875
Alfacomp
5 Dec '16
Thoughts on the trading update? Seems like market has reacted OTT and worth buying but not without risks GL
Alfacomp
Posts: 517
Off Topic
Opinion:No Opinion
Price:4.875
Buy on any SP weakness today
24 Nov '16
Mirada seem to have just about turned the corner so they are not expecting and further fundraising rounds, plus seem to now have a healthy pipeline of potential new contracts:-

"out of the 12 most likely opportunities that we are currently working on, six are situated in Eastern Europe, India and South East Asia, which indicates a healthy trend towards diversifying our business into these promising regions"
Alfacomp
Posts: 517
Off Topic
Opinion:No Opinion
Price:4.625
5p paid
22 Nov '16
Highest in the last 3 months
Alfacomp
Posts: 517
Off Topic
Opinion:No Opinion
Price:4.25
This share moves up
7 Nov '16
on any kind of volume
Alfacomp
Posts: 517
Off Topic
Opinion:No Opinion
Price:4.50
A little bit more confidence here
28 Oct '16
Half a million set top boxes cannot be wrong. I expect that this could be seen as the turning point for the product, and by implication, the company itself.
GedW
Posts: 12,025
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:4.00
IRIS rollout update
28 Oct '16
Announces an update on its largest customer deployment.

Further to the trading update released on 12 October 2016, the rollout of the Iris product across izzi Telecom's full client base continues to progress well. Furthermore, the Company is pleased to announce that it has reached a milestone in this rollout with the successful installation of the first 500,000 set-top boxes using Mirada's software.

Mirada expects to provide further details within its half year results, which are expected to be released in the third week of November 2016.

Jose Luis Vazquez, Chief Executive Officer of Mirada, commented: "This milestone highlights the commercial success of Mirada's Iris platform following the successful launch of the deployment in Mexico on 4 July 2016. This demonstrates once more the superior technical and operational capabilities of our team and the commercial traction of our product."
spike501
Posts: 605
Off Topic
Opinion:No Opinion
Price:3.875
RE: spike501
12 Oct '16
Jolly, thanks for the response - ignoring all movements of capitalizing expenses, depreciation and amortization etc etc, I believe the revenue for the company in H1 will have been about £2.5million and cash cost of running the business about £3.5million so a deficit of around £1million. Based on the information today, I believe all that deficit has been closed by a reduction in receivables.

Clearly the balance sheet is still weak but I believe if there had been a need for a placing it would have occurred already. Licence fee revenue should now be flowing in regularly on a monthly basis so while I believe net debt will remain higher than is ideal, it will now have peaked and the second half of the year should see a surplus of revenue to expenses of around £1million which should also convert equally on a cash basis.

I was at the AGM a couple of weeks ago, simply haven't had chance to post a review yet, however the company seemed confident that this year would reach financial sustainability with the more reliable and frequent licence fee revenue and today confirmed that commercially things are on track. 2018 will then benefit further from the full 12 months of licence fees.

I hope yesterdays 3.25p was the bottom




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