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Mirada Share Chat (MIRA)



Share Price: 5.25Bid: 5.00Ask: 5.50Change: 0.00 (0.00%)No Movement on Mirada
Spread: 0.50Spread as %: 10.00%Open: 4.75High: 5.25Low: 4.25Yesterday’s Close: 5.25


Share Discussion for Mirada


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spike501
Posts: 587
Off Topic
Opinion:No Opinion
Price:5.625
Great news
Wed 08:20
This is defining news - it should now provide a base for the company to be cashflow positive and profitable for the next 3 years as the subscriber fees will provide a substantial and reliable revenue stream. It should provide the company much more flexibility. Its also a massive reference point as well.

Next key news will be results for FY16 which should indicate that the balance sheet remains strong enough to ensure a placing is not needed to shore it up, which I think could still be possible - however as I understand it, with the deployment revenue, placing last year, credit facilities available and now the ongoing cashflow it should now be fine.
 
Shaz_Red
Posts: 68
Observation
Opinion:Strong Buy
Price:4.25
Boom!!
Wed 07:36
Back up to 12p we go!

Mirada plc (AIM: MIRA), one of the leading providers of integrated software solutions for Digital TV Operators and Broadcasters, is delighted to announce the full commercial rollout of its Iris Multiscreen Solution software ("Iris") for izzi Telecom ("izzi"), one of the largest telecommunications providers in Mexico. The rollout will be accompanied by an extensive marketing campaign by izzi Telecom and will be available for subscribers through izzi's distribution channels in Mexico from 4 July 2016. This full commercial rollout relates to the major contract win announced on 19 May 2014.

The rollout of the Iris platform across izzi's networks is Mirada's largest deployment to date. The platform will now be made available across all of izzi's five cable networks throughout the Mexican territory. This full commercial rollout follows the first rollout announced on 17 February 2015 across izzi Telecom's Cablevisión Monterrey network, and is the first time izzi will provide a unified offering across all five of its networks in Mexico, having previously run them separately.

In addition, izzi will start an extensive, large-scale marketing campaign to accompany the launch in order to optimise and accelerate take-up of the new offering. izzi will now be able to offer its new Pay TV offering, which includes the full Iris product suite, to its subscriber base.
Quickpix
Posts: 35
Off Topic
Opinion:No Opinion
Price:4.25
Interesting
Wed 07:36
Day ahead... Let's see what effect the rns has today
riddler
Posts: 78,969
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:4.375
don't think so
12 Jun '16
Placing a dead cert imho
jollyspeculator
Posts: 20,539
Off Topic
Opinion:No Opinion
Price:4.75
View Thread (2)
dibs
6 Jun '16
yr post was deliciously ill timed lol
jollyspeculator
Posts: 20,539
Off Topic
Opinion:No Opinion
Price:4.75
perkier
6 Jun '16
today after decent buy this am

..hope you r recovering, dibs, too
Dibs61
Posts: 9,488
Premium Chat Member
Observation
Opinion:No Opinion
Price:3.875
Slipped under 4p again
3 Jun '16
Desperately disappointing SP performance for investors. Remember my old adage, SP tells you everything.
spike501
Posts: 587
Off Topic
Opinion:No Opinion
Price:4.50
RE: cash burn
5 May '16
Riddler, I believe the company should be ok for cash and not need any fundraising. The company also has access to lines of credit and factoring - at the time of placing they still had over £1million headroom on their borrowing facilities and its possible that some of the placing was used reduced at the time to reduce the borrowings under short term facilities to minimize financing costs.

The trading statement confirmed that while revenue would miss market expecations it would exceed last year - last year was £5.6million and the new expectation is £5.9million. That would mean revenue in the second half of the year was £3.7million - this against a cost base of around £3.2million. So overall business from H2-2015 should have been cash generative - or at worst neutral - although revenue will of course be based on billings so depending on payment terms the cash has probably not all been received in H2-2015 and will still be flowing in. The deployment of the OTT solution on 17th Feb is likely to have resulted in some significant billing for work done, which may well be on payment terms up to 90 days so is yet to be received.

Additionally the actual rollout across the other four networks will also have generated significant billing - the revenue miss due to rollout occurring slightly after year end was £1.1million based upon the old and new forecasts - so its likely an invoice for £1million+ was also issued in early April.

So the cash should continue to flow in, although it is fairly lumpy in nature. The contract rollout is important as it provides Mirada a stable, reliable and predictable cashflow base - possibly £300k per month.

Recent Televisa results show pay TV is Televisa's main area of revenue and profitability growth - the number of subscribers increased to 4.1million and Televisa and the wider Mexican pay TV market still shows strong growth which is forecast to continue.

Additionally there are growing rumours that Televisa will acquire Megacable which is the last large independent player in Mexico cable TV - Megacable has been growing rapidly and now has almost 3 million subscribers. This could add a considerable boost to the existing contract if it was to happen and Televisa decided to consolidate as they have with all previous acquistions.

Revenue forecast for this year is currently forecast to be £7.4million and the company maintains its forecast it will be cashflow positive.
EtCetera
Posts: 63
Answer
Opinion:Buy
Price:4.50
RE: cash burn
2 May '16
Yes agreed, the cash is being used up. But the reason they presented at UK Investor Show was because TW asked them to. He needs the money to fund his show! Nothing to do with a placing.

Mirada's going to be getting around £7m (? I think, correct me if I'm wrong) revenue from the Televisa deal this FY. They are presently pitching for more contracts and when they win one, they're going to need to raise more funds. But it should be at a much higher shareprice than where it is now.
riddler
Posts: 78,969
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:4.50
shaz
2 May '16
Yeah - I appreciate the reason but they had £1.7mln cash including placing at November and now only £0.6mln




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