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Hi saxman303,
Your not the only one who can't work out at what point in time it will reach break even.
We really don't have any solid numbers to go on yet & there in lies the problem.
Will it go down in price, if people see a clear path to profitability ?
And your assuming they will do any cash raise via a placing. What if they issue a 15% 1 year loan note instead, or are able to get a short term loan ?
Remember the first Programmatic revenue is forecast to occur inside the next 2 months & it will then grow with that Content provider for the rest of the year & 4 more are likely to be active in Q3.
The business model - the investor part of the website isn't good, but go here https://www.mirriadplc.com/investor-relations/reports-and-documents & download the 25th August 2023 presentation.
Page 16 & you'll see all the additional revenue streams it will open up that "Manual" mode doesn't give.
I only just found this https://www.linkedin.com/posts/mirriad_mirriad-is-excited-to-share-some-big-news-activity-7170820927352516609-h1ka (wish they had used one of the Thunderbirds instead, & assigned a particular Thunderbird to each Content provider).
That same announcement in its RNS form said this
"Stephan Beringer, CEO of Mirriad, said: "This lengthening line of agreements with US 'majors' or 'super-majors' shows that the 'Mirriad-inside' strategy of integrating in-content advertising across the entire TV and video media ecosystem is gaining significant traction. Focusing on the biggest players in the largest market in the world is steadily creating a sea-change in the scale of new partners and establishing the Mirriad ad format as a new industry gold standard. Adding to the new partner agreements signed in Q4 2023, Mirriad's access to the US TV advertising market has just grown from less than 10% to almost 40% and we are now working with seven out of the top ten media companies in the US. Negotiations with another US major are also progressing.
"Programmatic integration with this Partner's streaming platforms is in active discussions already, and this is expected to enable significantly shorter lead times, automated transactions and increased volumes. Our focus for the past two years has been on developing a programmatic solution as this will enable us to scale revenues significantly. I'm excited that we are in touching distance of achieving this."
I think the bottom is probably in place now, I'd love to be buying more super cheap shares that's for sure.
Good Luck
LOTM
Well I can’t work out if this company will break even this year or not , If it doesn’t and needs to raise funds then the price will go down making it cheaper to buy roll on any trading reports
Hmm my post ran out of room again ! :(
The business model - the investor part of the website isn't good, but go here https://www.mirriadplc.com/investor-relations/reports-and-documents & download the 25th August presentation.
Page 7, is saying that if 2.4% of advertising were to shift to VPP by 2026, it would equate to $2.5B & if Mirriad had 20% of partners signed up it would give them $125m ($500M split 75% going to the content providers & 25% to Mirriad) that's £100M gross & that's before you even consider that they have 40% signed up already, not to mention the rest of the world opportunity. Gross margin is meant to be high but really need to see if it stays that way, even at 50% net you'd be talking £50M profit for the year or 5 times the current market cap!
Hence why I'm going to be keep a lot of them long term !
Good Luck
LOTM
Hi Walkietalkie,
hmm you probably ran into the same "limit order" issue I had :( I'm not sure if its a more of an AIM thing rather than a main market one, something for you to bear in mind for the future.
My limit order wasn't getting filled, yet buy trades were clearly going through at below my limit price. So I did a quote & deal instead & got stock that way. On AIM if the offer price doesn't go below your imit price it won't trigger & there are occasions I've found where the official quote is completely wrong & both bid/ask trades are going through outside the quote ! ie quote is 2.55 - 2.65 yet the buys are at 2.71 & sells at 2.67 !
I've done about 10 buy trades so far, from a high of 2.25p to a low of 1.74p So far I bought 900,000 (& that will go to a million before Wednesday) my average price is around 2p.
These are a long term hold (well most likely until it gets taken over, or something dramatic happens). I'll buy an additional trading parcel after there's 1M locked away 0.2% of the company.
I know your more into your Tech stocks than me ( a non techie) but market cap is £10M roughly. First target for me is £50M then £100M given what the projected revenue figures will look like.
As you'll have seen 2phevs is the unbelievable source of knowledge here , backed up by Mr Taylor194
Your entry time is very limited I'd say, the window of opportunity has shrunk fast. Which is why I've had to accelerate my own buying plans :(
TV upfront 2024 starts 13th/14th May - CEO posted on LinkedIn (there preferred method of communicating as well as the https://blog.mirriad.com/ ) that they will feature in some of the content providers presentations - previews of there autumn schedules & shows.
They recorded a webinar with Microsoft probably on 9th or 10th April & CEO late on the 10th, posted about it & being able to view it "Soon" its Microsoft's so they control the release of it etc - its no-doubt going to give details of the collaboration they have regarding AI etc
The signing of the other top 3 content provider they are in talks with - which would give them access to over 55% of the USA market instead of the current 40%
The annual report could drop in any day now & hopefully it has a bit updating the heading figures for Q1 as well.
There are other things in the wind that could come out at any moment as well - programmatic live & earning revenue being one of them.
Cash is the big issue, they were meant to be funded to 31st August at a cash burn of £700,000 per month. We have no idea if that's accelerated due to all the integrations there doing or is still the projection. When will revenue increase markedly again we don't know, but the gross margin is meant to be like 85% (need more evidence). I don't currently see a scenario where they would need any more than £5M more to see them through to the break-even point - doesn't mean it will be through equity & they may not even need it at all.
I think this is
Hi LOTM
I had a limit order to buy most of last week at 1.80. But did not fill, if it was 1.81 it probably would have filled. What are you buying at? I will have another go next week. They have some results at the end of may. We might be in that perfect storm to build a position. I think you know how I work. I have sold all my SYNT as well. I’m looking to buy back both next week. I think SYNT have an up date middle of may.
Comment here on MIRI concerning SYNT. I have picked up some unwarranted interest there.
I posted on the ITV thread the other day after reading about them losing £1M on Mr Bates verses the Post Office.
About Mirriad being able to help them recoup some of those losses with virtual product placements in it.
Anyway someone responded to it & has apparently used Mirriad in the distant past, I've tried to invite them over here to contribute to the discuss, in case there input could be of value.
Good Luck All
LOTM