Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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The CRV share has gone + 58,8% since December 2020
Magazinos competitor, Swedish Readly now valued at SEK 3 billion ( € 300.000.000 )
http://www.nasdaqomxnordic.com/aktier/microsite?Instrument=SSE203369
Readly loses yearly SEK 300.000.000.- ( € 30.000.000 ), Magazinos does Break Even!
Readly do have 4.000 magazine titles, cost monthly £ 7.90, Magazinos does have today 11.212, soon after server upgrade over 20.000 titles for Free to read!
Magazinos will be listed or sold as the announcement from CRV Sept 18 / 2020
https://www.londonstockexchange.com/news-article/CRV/investee-company-update-magazinos-com/14691179
We are still awaiting a trading update or results.
Craven House Industrial has de-listed, but it is still a public company, and therefore has a legal obligation to communicate regularly with its shareholders.
The obligations are less "onerous", because of not being listed. But they still have to be fulfilled.
YRRO Ltd ( Bio Vitos ) has launched it's OMEGA 3 NORTH NORWAY on Amazon UK
https://www.amazon.co.uk/Omega-3-Capsules-90-Salmon-Gelatin-Softgels/dp/B08RXF21JR/ref=sr_1_2?dchild=1&keywords=omega+3+north+norway&qid=1610951823&sr=8-2
www.biovitos.com
Anyone heard anything regarding development in the company they paid out though dividend?
So the Aheloy resort was planned to be finished in Summer 2020. But COVID interrupted the last funding round and slowed down on-site activities.
This reduces transparency about the precise amount of equity in the project. Once funding is found and the project finished, there will likely be an uplift in the GROSS asset value of the project, and hopefully the NET asset value too.
It remains to be confirmed whether this is a good potential deal for Yrro. Probably is.
Thanks iosbyios. i appreciate it.
Hi John
Hi John
In the announcement from Oslo börs, contact info
https://newsweb.oslobors.no/message/520001
Egil Melkevik, Chairman
Tel: +47 90 77 09 76
E-mail: em@ms-solutions.no
Hi, iosbyios,
BSP have an option for six months that gives them the right to do the deal. But there is no obligation and no cost for them, if they choose not to go ahead.
So they will be judging progress at YRRO ltd and may decide not to go ahead.
The deal is a good one, if the resort complex - apartments and hotel and other commercial space - that is BSP's only asset is entered at a realistic value on the BSP balance sheet. And if there is a potential buyer for the complex.
I've tried to contact BSP, but the e-mail I've found is non-operative.
BSP AS listed on Oslo börs up nearly 100% in 45 days
Market Cap NOK 76.558.00 / £ 7.000.000
https://live.euronext.com/en/product/equities/NO0010755101-MERK/overview
Most probably will YRRO Ltd do an RTO with BSP AS and by that be the owner of 85% of BSP AS
See the announcements in links under
https://www.londonstockexchange.com/news-article/CRV/investee-company-update-yrro-ltd/14785650
https://newsweb.oslobors.no/message/520001
Hi John
Got it and I totally agree with you
Externe buyers of the advertising space on Magazinos is a must to get a high valuation
Hi iosbyios, I appreciate your interesting previous post about these two companies.
Currently CRV Capital has a market cap of 1.3m sterling, which values the 5 Scandinavian web companies at about 4.33 million sterling.
For the moment that seems about right.
Magazinos still has scant revenue. It's a bit of a Catch 22. They need to get better known to attract advertisers. Listing might help. But listing when your only advertising client is another company from the same stable is not going to impress investors.
So, reluctantly, I'd say they need to find a publisher to invest in them, first. And they really need to get outside advertisers.
What is best for CRV regarding Magazinos?
Something will happen
https://www.londonstockexchange.com/news-article/CRV/investee-company-update-magazinos-com/14691179
Regarding Magazinos Swedish competitor READLY, + 7,81% today, Market cap SEK 2.399.000.000 / £ 200.000.000
http://www.nasdaqomxnordic.com/aktier/microsite?Instrument=SSE203369
What to do?
1. Sell Magazinos to a publisher
2. List Magazinos on Nasdaq First North same list as Readly
3. List Magazinos on Euronext Growth in Oslo, same list as YRRO will go
4. Use a SPAC company to list Magazinos in the US
Should mean good times are drawing nearer.
Best of
Whether there is equity in the company really depends on how robustly they've valued the resort on the balance sheet.
There is PPE of 255m Norwegian krone on the accounts. About 21.65 million sterling for their 75% share. Or around 29 million sterling for the resort as a whole.
So that works out at around 28k sterling per apartment, if no value is given to the commercial property. So that seems not unrealistic from what I've seen of other Bulgarian property prices.
Couldn't get any further in putting a value on BSP.
The bottom line is that it's a good deal for YRRO, if all is above board and realistically valued at BSP.
Black Sea Property AS is a real estate company with partial ownership to a real estate project on the Black sea coast named Aheloy Residence Resort. Aheloy Residence Resort is partially finished and will upon completion consist of more than 1050 holiday apartments and significant commercial areas. The company effectively owns 75% of the project. Black Sea Property AS aims to complete the project, in order to realize its potential value through sale of residential units and operation as a hotel.
Correct!
YRRO owns and runs only:
Nor Can Oil / www.norcanoil.com
OMEGA 3 NORTH NORWAY / www.biovitos.com
Functional Omega 3 / www.biovitos.com
Ocean Skin Lab / www.oceanskinlab.com
Hi John
Now back from the snowy mountains, same here +5 and rain:(
I totally agree regarding the valuation of Kahoot on the Oslobors!
I can, just like you, observe that the Euronext Growth list on Oslobors does have crazy valuations!
A Norwegian company named Airthings, only selling on Amazon, valuation P/E figure to 90!
https://www.time24.news/2020/10/airthings-is-valued-at-1-79-billion-before-listing-e24.html
Regarding ONEBas.com Music, Yes it does have the same tech as it is on Magazinos but for music
How about ONEBas.com Music does a partnership with NME in UK or BILLBOARD in the US?........:)
Both those music magazines are on Magazinos and by that NME or BILLBOARD will for Free get its own Free music streaming service!
https://www.magazinos.com/brandb.php?name=Billboard%20magazine
https://www.magazinos.com/brandn.php?name=NME
IZY Radio is a service where radio stations can use the tech from ONEBas.com and brand their own streaming service where IZY Radio get 50% of the advertising revenue on the site but stand the cost of running the radio streaming service
By that, a radio station get for free its own streaming service but has to share the ad revenues with IZY Radio
The tech team behind Magazinos, ONEBas.com Music, and IZY Radio is the tech team that created the famouse Radio Javan
https://www.radiojavan.com/
https://everipedia.org/wiki/lang_en/Radio_Javan
If you know some from Iran, ask if they know about radio Javan :)
Radio Javan is one of the absolute biggest music sites in the world!
Onebas seems to have the same business model as Magazinos: ie free to user, generate revenue by advertising. Like magazinos, it's also an entrant in a very competitive market.
I haven't been able to find what IZY Radio are doing currently.
These two companies have over-lapping businesses. Both sell Omega Oils. Is it a question of multiplying brands?
Yrro was originally going to be a web-site for arranging primary health care appointments. That seemed a pretty poor idea, financially, and has been dropped, I think.
Hi, iosbyios, Merry Christmas from northern Spain. Snow too on the mountains here, but not down in town.
I've just flown back from the UK, after a week with family and am now in self-imposed quarantine.
The valuation of Kahoot is completely crazy. Massively over-valued.
Let's hope investors lose their minds over Magazinos as well!!
I just can't see it as very attractive to advertisers; but perhaps, it's a question of getting better known.
Marketing of Magazinos is by word-of-mouth, I suppose? I've tried the site. And it works OK, though still a bit of a beta-feel to it.
Yes, Garimon listing would be a step forward.
Hi John and Merry Chrismas from a snowy Scandinavia
On Oslo bors there is Kahoot, a company / A Free App for learning with weekly 50 million users (Children)
Only income on Kahoot is Adds from Google Ad-sense ( Advertising), yearly NOK 67 million ( £ 6.000.000), loose NOK 127 million (£18.000.000) yearly
https://proff.no/selskap/kahoot-as/oslo/internettdesign-og-programmering/IGI1OFU0C2C/
Value NOK 41 billion, £ 3.8 billion
https://live.euronext.com/en/product/equities/NO0010823131-MERK/overview
Kahoot is listed on the same stock exchange, The Euronext Growth list that YRRO Ltd will be listed on!
https://www.londonstockexchange.com/news-article/CRV/investee-company-update-yrro-ltd/14785650
If Magazinos follows YRRO Ltd footsteps and gets listed on Euronext Growth on Oslo Bors, do have the same traffic as Kahoot as Magazinos is a Free Service worldwide wide, what do you think the value will be?.......;)
So very hard to value.
Readly has subscriptions and so has income.
Magazinos has negligible income; it's very hard to value.
Could it be attractive to advertisers?
Hi, iosbyios,
as far as I can see, it's only income is from advertisements from other companies in the Craven stable of Scandinavian websites.
So it's currently very low income; but probably very low cost, insofar as it doesn't need a subscriptions department.
Magazinos is Nr 1 in the world as a digital magazine distributor with 11.212 magazine titles to read for Free and does Not lose money!
www.magazinos.com
Readly, a competitor to Magazinos with only 4000 magazine titles to read for a monthly cost of $9.99 and lose yearly $30.000.000 valid today to $250.000.000
http://www.nasdaqomxnordic.com/aktier/microsite?Instrument=SSE203369
www.readly.com