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Have not the Board got better things to do?
They should stick with Amo, Amas, Amat.
Interesting comment from Progressive Equity.
"We continue to believe that Amino is well placed to benefit from ongoing evolution in the global TV industry. The Amino 2025 strategy is focussed on capturing growth opportunities arising from the convergence of Pay-TV and streaming video services. Increasingly software-led, the group contains two (complementary) operating companies to address this growing market: 24i, which focusses on streaming video experiences and Amino Communications, which integrates Pay-TV with video streaming services. With industry sources forecasting the global TV streaming market to double by 2025 to $167bn, clearly the opportunity for Amino remains vast."
With a prospective p/e of 14, excellent cash generation, and good growth expectations this company has a lot going for it.
We shall see......
Think their bid is the reserve bid so i guess they have to proceed just in case. If they dont get MobiTV maybe the should have a look at Mirada, they've got just about the right amount of cash as it happens....
Having made a placing conditional on the successful outcome of the auction, the Directors have gone ahead with the placing anyhow despite coming second in the auction.
Are they mad?
They have clearly fallen for the charms of the commission hungry snake oil salesmen in the City.
Credibility is shot to pieces.
"Market unnerved by ...and the $75 million debt". The debt is irrelevant - AMO are not bidding for the company but for "the trade and assets" - a bit like a company in administration in this country.
Market unnerved by level of MobiTV $34 million losses last year , and the $75 million debt.
Can AMO management turn it round ?
Still the US appears to be recovering from Covid so could be a good time to buy.
I'm still holding and might buy a few more.
SF Times - 2/3/21:
Streaming TV company MobiTV reports net loss of $34M, files for Chapter 11 bankruptcy
Television streaming company MobiTV, based in Emeryville, filed for Chapter 11 bankruptcy reorganization Monday on the heels of huge financial loss for 2020.
In a note to partners, the company said the bankruptcy action "does not mean the company is going out of business," adding that it has secured $15.5 million in financing from T-Mobile to fund operations until it can figure out a way to remain in business and meet its debt obligation, likely by selling off assets.
While the pandemic lockdowns have been a boon for streaming services like Netflix, they were apparently a growth killer for MobiTV, which reported a net operating loss of $34 million for 2020. The company, which was founded 1999 to bring on-demand TV to mobile devices, generated $13.5 million in revenue last year.
"Although the company projected significant and material subscriber and revenue growth for 2020, the Covid-19 pandemic and related stay-at-home orders, materially impaired the company’s growth opportunities," CFO Terri Stevens declared in the bankruptcy filing. "As a result, the company found itself with limited liquidity and at risk of default under its debt agreements."
At the time of the bankruptcy filing, MobiTV owed $75 million and had roughly $19 million in assets.
Under Chapter 11 bankruptcy protection, the company plans to sell off assets and possibly attract a stalking horse bidder, which is when a potential buyer sets a minimum price with an initial bid for the assets, making it so that other bidders can't go any lower.
MobiTV earns its revenue through contracts with subscription television customers, broadband providers and cellular device carriers, which use its technology to build customizable streaming platforms.
In 2019, the company raised $50 million in funding and $21 million in 2017, from repeat investors Ally Bank and Oak Investment Partners.
MobiTV had 86 employees at the time of the filing, which disclosed that received a $3 million PPP loan.
The company expects the bankruptcy restructuring to be completed in several months.
Https://www.bizjournals.com/sanfrancisco/news/2021/03/02/streaming-tv-company-mobitv-files-chapter-11.html
https://www.mobitv.com/restructuring/
The market doesn't seem to like the idea of a bid (and a placing) but it's not a huge investment and could work out well for them on a longer timescale. Happy to sit tight for the moment
It says £1.62 on my computer!
Following a tip I invested £7.60 for 5 shares at £1.52. on feb 25 2021.
This appears to be a company in flux, as the lse site shows £165.00 bid price.
overview:
Amino Technologies plc is a software-led global Media Tech company that delivers modern TV experiences the way viewers want it. We enable traditional TV and contemporary streaming services to be watched on any device, live or on demand.
Before I invest more, what is going on?
Some thoughts---it could force the BBC to change, if you live in a bedsit and you can get TV on your tablet phone etc, you could `forget` to pay your license fee
Positive note today put out by Progressive Equity Research.
Their summary:
"Amino has firmly established a strong position in IPTV set top boxes, and looks to have now achieved a market leading position in set top boxes for OTT (over the top) services delivered to TV sets using broadband connectivity. The company has developed a strong software-based offering and has a major reference contract with Cincinnati Bell. The company is gaining solid commercial traction from its expanded product portfolio and re-focused sales and marketing activities."
They forecast 34% EPS growth for 2021 giving a PEG of only 0.4.
And the company continues to generate good cashflow.
Maybe the time has come for Amino after being out of favour for a long period of time.
We shall see.
...would be good but there's profitable growth. One to watch.
Fats thinks so
And has given Amino a rarely used Strong Buy.
Yeah. Comfortable here. Seems to be a very quiet, unhyped share. Solid Company though
Funny was just looking at this yesterday and some of the trades and thinking that large sells weren't pushing the price down... Already added more after last trading update so nice to see some action here at last...
About time lol
NEDs, otherwise known as Christmas Tree Decorations, having totally failed in their duties, and unlawfully overpaying themselves in the process, now want a pay rise. What is the point of A of A if they can just be overriden on a whim.
So I got it wrong again. Strange RNS yesterday followed by a really odd and downbeat half year announcement today.
The Progressive Equity Research note put out today is far more positive.
Really not sure what to make of this company.
Concerned that if the Board are not displaying greater confidence in the future of the business then why should I continue to invest.
Can only hope that tomorrow's half year figures are positive and the Board wanted to ensure that the poor housekeeping announced today did not detract from the good news.
We shall see.
Strange RNS. Somebody asleep at the wheel ?
Amino Technologies PLC AMO finnCap Corporate 141.50 141.50 215.00 - Unchanged....SP Target 215p
Amino Technologies* Broker Finncap.
3 reasons to look at Amino
In the first of a series of reminders that we will be delivering on Fridays to
spotlight the opportunities in AIM tech, we reiterate our 215p target price and the
investment case for Amino. After an impressive Capital Markets Day yesterday,
with a tech run through and case studies, the technological excellence that
Amino’s integrated devices earned a strong reputation for is evident in the
software. From a financial point of view, we draw attention to the benefits of
software revenue growth and the increase in recurring revenue. From a structural
point of view we barely need to notify you of the now-default consumer
expectation to view TV content anytime, anywhere and on any device, but also
direct from the content provider platforms as well as from broadcast/telco
platforms – and Amino enables this. From a historical point of view, management
has excelled at ensuring excellence in its supply chain management, margin
maximisation and cash generation. While COVID brings the risk of muddying the
waters for every stock, Amino is in the right place and at the right time during
rapid TV platform evolution.
?Transformation: The transformation to drive software, and decline to pitch in
commoditised device situations, was announced in January 2019, with restructuring
completed by April. Amino integrated devices (set top boxes) are already
differentiated by their software quality, and the acquisition and integration of 24i
Media (acquired July 2019) has accelerated software & services as a proportion of
revenue (now 25%), as well as accelerating growth.
?Structural: Netflix doesn’t run live TV as a platform, so think of the Amino product set
as enabling Netflix plus Sky+, in providing video on demand AND live TV on any
device, anywhere, anytime. Consumers expect this: and it is what each broadband
provider (fixed mobile or cable) needs to provide, to capture more spend and reduce
churn. Smaller telcos don’t have the budgets of Netflix, or Sky, so Amino provides the
in home kit (set top boxes or Smart TV app) as well as the anywhere anytime any
device platform access through a compelling and familiar user experience. Content
providers would also now rather distribute content themselves, on their own platform,
but not all have the budget of Disney+: Amino enables Broadway TV for example,
providing a platform for Broadway online, with great take-up (+4000%) in lockdown.
?Track record: senior management has gained a reputation for margin maintenance
and cash generation, and transparency. Add revenue growth as software grows and
device revenue stabilises at a high margin, and Amino is set to deliver value.
SP Target 215p
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^AMO&type=4&size=3&period=3&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&m
Positive news today.
Slowly, quietly creeping up. No fuss, no hype. Seems solid to me.
..Asset managers in with over 5% recently and good results from peer Mirada today should help this along i would hope. Seems that demand for set top boxes is holding up well in the current stay at home climate.