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HUM CEO updates on the Yanfolila Gold Project now fully funded.


Mirada Share Chat (MIRA)



Share Price: 2.75Bid: 2.50Ask: 3.00Change: 0.00 (0.00%)No Movement on Mirada
Spread: 0.50Spread as %: 20.00%Open: 2.75High: 2.75Low: 2.75Yesterday’s Close: 2.75


Share Discussion for Mirada


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Alfacomp
Posts: 433
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: 433
Off Topic
Opinion:No Opinion
Price:4.625
5p paid
22 Nov '16
Highest in the last 3 months
Alfacomp
Posts: 433
Off Topic
Opinion:No Opinion
Price:4.25
This share moves up
7 Nov '16
on any kind of volume
Alfacomp
Posts: 433
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: 12,015
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
jollyspeculator
Posts: 21,764
Off Topic
Opinion:No Opinion
Price:3.875
spike501
12 Oct '16
cash has gone up a lot less than availability of facilities has fallen, no?

..and why did they not just report net debt if fcf positive

..you don't have to be that experienced at this game to wonder whether riddler's placing is heading down the track imv

..dyor, all/never rely on Jolly
spike501
Posts: 605
Off Topic
Opinion:No Opinion
Price:3.875
View Thread (2)
RE: is it that good???
12 Oct '16
Jolly - my inference from the results today is that net debt has probably improved slightly (in euros, it may be different in pounds due to FX), however overall net current assets has probably weakened a bit further as receivables have converted to cash.

I'm expecting first half to be loss making as the roll out and licence revenue only commenced half way through the period, but then second half to be stronger (as it has been in recent years) - broker forecast is for revenue of about £7.4million and fcf to be around zero for full year and then 2018 strengthens further from having a full year of licence fee revenue.

I think the good news today is that the company has demonstrated it has plenty of available liquidity and that commercially the roll out is going as expected. If a placing was needed it would have happened already - the second half of the year, as long as performance continues as expected, will see positive FCF and so net debt and net current assets should improve.




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