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Mirada Share Chat (MIRA)



Share Price: 1.75Bid: 1.50Ask: 2.00Change: 0.125 (+7.69%)Riser - Mirada
Spread: 0.50Spread as %: 33.33%Open: 1.625High: 1.75Low: 1.625Yesterday’s Close: 1.625


Share Discussion for Mirada


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spike501
Posts: 610
Off Topic
Opinion:No Opinion
Price:1.50
RE: Moving
17 Jul '17
Checking the twitter feed I see they are recruiting for 3 more staff in Exeter including a project manager and another project manager in Madrid - neither of these PM roles are on their main website which i find intriguing - of course I could be over thinking.

Whether they are new roles or back fills, it certainly doesn't indicate a company under immediate financial stress.
 
quindell
Posts: 7,989
Off Topic
Opinion:No Opinion
Price:1.75
RE: Moving
17 Jul '17
I'm bullish on the future, if they are close to break even/profitability then expect a sharp rise!
quindell
Posts: 7,989
Off Topic
Opinion:No Opinion
Price:1.50
Moving
17 Jul '17
On minimal trades! Looks illogical to me, could be positive news in the pipeline?
EtCetera
Posts: 71
Observation
Opinion:Hold
Price:1.50
RE: Dark
15 Jul '17
drew62. That would make perfect sense to me and would go a long way to explaining the strange addition of Mathew Earl to Mirada's board of directors. I'm sure he would be a very useful person to have around for a reverse takeover.

http://www.mirada.tv/the-board/

http://www.lordshipstrading.com/

https://2.bp.blogspot.com/-P3A-7kKbIHY/WRWCVM4kcII/AAAAAAAAB80/IrMludOrLPEACMVS5nNTDp-BnMIMvg6ngCLcB/s1600/City%2BSceptic.jpg

Lets not forget Jose was giving presentations in Tom W's pizza restaurant, just a couple of years ago. Whenever a company turned up at that venue, you knew there was probably something going on behind the scenes .......
drew62
Posts: 49
Off Topic
Opinion:No Opinion
Price:1.50
RE: Dark
15 Jul '17
Pure speculation but the HH stake could have been bought by a private Company looking for a quote, there could be a reverse takeover in the pipeline.
TrueDat
Posts: 35
Off Topic
Opinion:No Opinion
Price:1.50
RE: Dark
14 Jul '17
The spread tells its own story. Who in their right mind would make a purchase to have an instant 40% loss.
spike501
Posts: 610
Off Topic
Opinion:No Opinion
Price:1.50
RE: Dark
14 Jul '17
The San Luis rollout is helpful but not so major - overall subscriber numbers for Izzi over the last year have been a little bit poor, they shrank towards the end of last year and in Q1 this year. In Q2 they returned to growth, however it was only an additional 29000 household which was less than 3% growth on an annualized basis.

Growth of the overall subscribers is not going to be the biggest driver of the Izzi contract, it will be the replacement of the already installed 8 million odd boxes on already installed subscribers and it is this rate that is key from any trading update - based on my rough calculations I believe that once this exceeds around 80k per month, then assuming ongoing professional services work at prior levels the business will move to be cashflow positive. The company has on numerous occasions said it expects to rollout across Izzi's base in 3-5 years, so even allowing for only 6 million (75%) of boxes being replaced that suggests a rate of 100-170k boxes per month to reach those targets.

While there was a decent amount of cash in hand at half year - which is now way back in September - the balance sheet was weak and I don't believe the company had enough resources to continue being cashflow negative from September last year all the way through to now, almost 10 months later, so I'm hoping that at some point in the last few months the monthly number of boxes being rolled out has exceeded the number needed to become cashflow positive - however this is slightly complicated by professional services which can have large, lumpy invoices.

The interview was very confident and was just before the close of last years accounts, which makes me believe prior guidance must still stand - you cannot do a video presentation confirming things you've previously told the market, many months later when you have additional knowledge that they may not be true.

However, the lack of trading update is for me something of a warning indicator, although given they are in negotiations for new contracts, it could be that they are holding back to a point they can give a concrete update - which would effectively be a new contract signed.
quindell
Posts: 7,989
Off Topic
Opinion:No Opinion
Price:1.50
RE: Dark
14 Jul '17
No problems, I think Jose is a top guy I really do but I do there are far too many employees although that is the nature of the business I guess. Small cuts could get us to good profitability, I too was perplexed by HH but have since discovered it was a company cleansing process which they have done for shares in heavy loss across the board to make their books look a lot better. Some of their holdings are in several hundred percent profit so Mirada and other por performing shares had to go to make the investment portfolio appear healthier.
EtCetera
Posts: 71
Research
Opinion:Hold
Price:1.50
CEO presentation. 7 March 2017
14 Jul '17
EtCetera
Posts: 71
Observation
Opinion:Hold
Price:1.50
RE: Dark
14 Jul '17
I heard the same from Jose too regarding profitability this year - at the Novatel hotel / Shares Mag presentation on 7 March.

Jose's flight from Madrid to Gatwick was shifted to Stanstead. So the poor guy arrived just a few minutes before he was due on stage. But he went on to deliver the most encouraging presentation ever.

That's interesting about izzi in San Luis. I did not know that. Thanks for the heads up.

It all just makes HH dumping their entire holding so mysterious.




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