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This IMHO is an excellent long term investment. Good growth track record. Steady hand on the tiller with plenty of skin in the game. Currently out of favour because market does not like short term uncertainty as industry reinvents itself. Will people always listen to music? Erm what do you think? Long term the additional entry of You Tube and Apple into the music streaming market can only be good for IP content providers like OMIP. OMIP don't care which service provider you use as long as you are listening to tracks from their very substantial catalogue. And there is major growth potential GLOBALLY in this market still as the internet spreads further and further.
No mate it's not. It is a highly illiquid stock and I bought in on that realisation so it can, of course, move as quickly the opposite way. Results on the 27th. Generally acknowledged the industry is in transition with gradual move from downloading to streaming. Short term uncertain. Long term seen as very positive.
Dibs
Hi, yes I'm hopeful Point Classics will at the very least mitigate short term effects of download-streaming transition (if indeed that does affect at all since this company is a clever operator). Great long term value at this price IMO with a divvy thrown in as rare AIM bonus. Director sell had reasonable explanation provided (tax reasons) and only represented 4% of his holdings. You can't always choose your timing for selling stock.
I am interested in seeing what impact the point classic catalog has on this years results. All looking positive here. The director selling at 52 week low is a little unsettling though.
*bump* yep it's good news short and long term for OMIP as this opens up their IP catalogue to the huge potential market Apple offers.
if POO doesn't test 30-40 area...unless Saudis turn down their taps ...in medium term, there is a significant demand side risk imv (pretty much everyone assumes that the insatiable appetite for oil will continue to grow for ever..I sense risks wrt driverless transportation options esp cars and their successors...will the internal combustion engine survive challenges from renewable options once its USP - fast response - is redundant??
Yep. Same issue all those little minnows have out there with tiny working interests e.g.. MAGP, NTOG etc i.e..no control over their destiny How long will the squeeze continue with a lot of those expensive US fracking operations high up the cost curve. Doubt we've seen the worst of it yet. Meanwhile people will always want to listen to music and watch videos etc ;)
yep...had a burst of enthusiasm yesterday, but a little more digging overnight has cooled my ardour ...the all in sustaining costs of these fraccing plays is as clear as the dirt they are drilling through ...and I now doubt orchy's breakeven cost figure of US$40/bbl...it isnt consistent with the figures in the interim report ...I'll be interested to read the results and try to extract their fcf performance for a v challenging 2H (when wti fell from av of 95 to av of ?55-60) ...eme has no right to an independent future imv (way too small scale..as is true of many AIMsters of course..but also double management with Marathon actually calling the shots at the op level))...and with a large private individual shareholder perhaps the management team can be forced to accept the inevitable spell of unemployment lol..
No probs… Mmmm well they're unfortunately not a NASDAQ mega beast … yet lol. Oh yes forgot to say they do hold cash - £1.2m as of last reported period 31st Oct 14 plus A further USD$2.0m (GBP£1.2m) advance against royalties received from The Orchard, the Group's digital distributor. They intend to use at least some of these monies for further acquisitions. And no debt. I see you are looking at EME which I know little about. That said it is oil sector and so at the mercy of a highly unpredictable oil price so could go either way. Also the information I pick up is that new drilling in the shale areas of US is dropping off substantially now?
some companies (like a fair few NASDAQ mega beast) have huge cash on their balance sheet..but perhaps that has something to do with offshore earnings and the US tax code lol ...so many good profitable growing companies trade at EV/EBIT of c7...so it is about the growth trajectory and the court case as you say ...tks for the heads up (again...you mentioned it last year, no?)
You'll note that my figures for potential payout were based on 'statutory infringement' only. If the court were to judge it was "willful" infringement then the potential payout goes completely off the scale at $150,000 per work infringed. I'll leave you to do the maths on that one. ;)
Roman Poplowski sold less than 4% of his total shareholding (negligible?) and they were very clear that it was for personal tax purposes. So no I don't see any issue there and neither did the market.
Firstly this is not a tech play IMO - they are an owner of IP, not sure where you'd put them, but not tech sector. In any case how many tech plays do you know on AIM that actually make money lol? OMIP do. I wouldn't say EV/EBIT is high at all. Fair value I reckon but perhaps depends what trajectory you think future growth is trending to? Balance sheet? Come on jolly this isn't a company that holds tangible assets and you know it. And if it were a tech play as you put it by their nature they don't tend to hold physical assets. Their assets are their IP rights, the invisible assets they own. And they have worth.
MI is IMO a very cautious, conservative man and I think he knows what he is doing here and is confident of the outcome ;) ..And this is my estimate of the potential sums that could be awarded based on statutory info provided: Minimum 1,466 copyrighted works infringed. Minimum payout for statutory damages : 1,466 x $750 = $1,099,500. Maximum payout would be 1,466 x $30,000 = $43,980,000. I think MI, in all his wording of his statements is very confident of outcome because he has irrefutable evidence and, indeed, the other sides defence is 'improper jurisdiction'. In other words they're not denying they did it.
This is what Michael Infante had to say about the copyright infringement claim they have made: "Civil and Criminal Penalties for Violation of Federal Copyright Laws Copyright infringement is the act of exercising, without permission or legal authority, one or more of the exclusive rights granted to the copyright owner under section 106 of the Copyright Act (Title 17 of the United States Code). These rights include the right to reproduce or distribute a copyrighted work. In the file-sharing context, downloading or uploading substantial parts of a copyrighted work without authority constitutes an infringement. Penalties for copyright infringement include civil and criminal penalties. In general, anyone found liable for civil copyright infringement may be ordered to pay either actual damages or "statutory" damages affixed at not less than $750 and not more than $30,000 per work infringed. For "willful" infringement, a court may award up to $150,000 per work infringed. A court can, in its discretion, also assess costs and attorneys' fees. For details, see Title 17, United States Code, Sections 504, 505. Willful copyright infringement can also result in criminal penalties, including imprisonment of up to five years and fines of up to $250,000 per offense. For more information, please see the Web site of the U.S. Copyright Office at http://www.copyright.gov, especially their FAQ's at www.copyright.gov/help/faq."
Hi Dibs...saw yr commentary/recommendation on GC...interested in more of yr PoV on court case ..as it stands, OPIM is still highly rated (EV/EBIT of 10 is higher than many tech plays atm ...and has negligible balance sheet support...tnw of c0) ...and the director sells in May though small are hardly encouraging
I assume this is positive news for OMIP who should benefit from the introduction of a new massive global reach streaming provider without the short term loss of revenue (due to Apple wanting a 'free' trial period from IP providers) http://www.bbc.co.uk/news/entertainment-arts-33220189
Apple Music will offer a 3 month free trial. Immediately millions of iOS devices will have access to this service. OMIP will surely benefit long term from this new offering.
Apple are apparently launching a music streaming service this afternoon. I think it will be a pay service and no free platform but get more info/confirmation later. Interesting implications for OMIP given Apples massive market reach….
"Music, a sector that is only just emerging from a near 15 year decline, is seen as returning to growth this year courtesy of the huge growth in streaming. The launch of Apples streaming service will spur further growth with the digital music sector expected to overtake radio advertising this year. That is despite a tail off in digital music download revenue , which is expected to drop to £388 million by 2019 from £516 million in 2013.
UK media: The value of the entertainment sector will soar over the next four years as electronic books, streamed music, and online advertising fuel growth in the publics digital media habits. The transition from physical formats to digital has provided a turbulent backdrop for the media industry over the past decade, but PwC has argued it is set for robust growth with the value of the UK entertainment and media market expected to hit £66.6 billion in 2019, up from £56.9 billion in 2014.
The shares are so illiquid it only takes a moderate trade or two to move them substantially either way. This can naturally work for or against you, depending on your position. The results, though good, were actually a bit short of broker expectations, largely due to currency movements. Most people hold the shares tightly here but a couple of sells knocked it back. I also think the markets a little unsure of the transition from downloads to streaming and how it will affect OMIP. With a longer term view I think this is a very solid investment indeed with good growth prospects.
What do you make of the recent share price drop?
A recent trade study of the music business during 2014 (reported by Musically) established that digital revenues worldwide were up 6.9% in value last year (2014) to $6.85bn. The growth was stunted due to downloads (the iTunes model) dropping by 8% overall (10.9% for single tracks and 4.2% for digital albums). Streaming (the Spotify model) was up by 39% ($1.57bn) representing 23% of total digital income, taking up the slack caused by the loss in download revenue, (CD sales were down by 8%) streaming up by 18% on 2013 with Spotify, Deezer, Rdio, Napster, Tidal and others achieving 41million paying subscribers. This represents a growth of over 500% since 2010 and a 40% increase over 2013. Global sales as a whole including all formats were down 0.4% overall. The industry feeling is that this is encouraging and suggests that the market drop since the turn of the millennium is reaching a turning point. The industry will have to watch 2015 very carefully as to how much music sales (CDs and downloads) decline this year and monitor the growth in streaming versus the fall in other formats to establish the shape of the evolving music industry. One Media's end of year numbers for October 2014 showed turnover growth of 9.5% and normalized profit increase of 21.7% over the previous year (the 2014 reported pretax profit increase was 95% after AIM cost attributed in its 2013 numbers). "As a small business we are able to manage the 'curves' and respond quickly said Michael Infante OMIP's CEO "Our strengths are in our diversification across all the media platforms including YouTube, which remains the 'dark horse of streaming income, with now over 1.5bn users. Monetisation and profit is a long wait for Spotify, as they are a pure delivery channel. As a content owner, we are profitable, debt free, cash resourced and paying dividends. Sure we have grown slowly but unlike many of our peers, listed or private, we have remained very positively ahead of the pack." Ivor Novello winner Mungo Jerry (Ray Dorset) famed for the global hit In the summertime, which is estimated to have sold a staggering thirty million units and is now officially recognised as the most played summer song of all time, will be releasing his exclusive new album Good Times: Some Hits & More Stuff through One Media in May 2015. May the good times roll on for One Media iP Ltd, as they continue to stay one step ahead.