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Chris Akers drops to 2% from 17%, something odd here:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/YOLO/14130863.html
Fiske Nominees Limited now at 7.51% and JIM Nominees Limited at 3.79%, without even affecting the share price. Something about to happen or shall I watch more straw bails cross the landscape.
Chris Ackers goes to 17% from 14%, the reason for recent increase - what does he know, company is so quiet on any proper progress
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/YOLO/14106286.html
be nice for an explanation, board is awful, never replies to questions, no news on Roxio and what happened with that listing either.
I sold these before at over 7p after a huge and unexplained rally. Bought back in too soon but averaged down at 3p. Not sure why this rise today but I would not be surprised to see it move much higher. The ceo has always been very bullish and was quoting some crazy levels a way back ...maybe?
Yo-yo yo-yo
Nicely done destitute. I don't really recall where I sold most of mine - higher than here but a loss, I suspect. Bought more a few weeks before the results expecting a jump and have sold them at a small loss. Not desperately optimistic, feels like if TV Player can be RTO'd that could make sense, but I can't be the only one to feel the current strategy needs to start showing some results to justify carrying on like this. Pity - I used to really like this one!
Pretty grim, e.g.: TVPlayer diluted from 4% to 3.3%, main news from Magic Media is they have spent money on an infomercial.
Agree with Phenom that RTO is a hope; and maybe the main hope given that imo the 7.7p NAV is fairly illusory.
True - though as I say, not unexpected. That thing looked awful from the outset and YOLO hasn't really recovered.
Down from 10.3p to 7.7p.........that is the key figure. The main reason for this is Magic Media which, so far, has been a disastrous investment.
Results out. Pretty much as expected. Huge discount to net assets - but no real reason for that to change short term. Would be good to see some chunky director buys to show faith in the strategy. Or let’s hope they find something decent to do an RTO with. TVPlayer perhaps?
Seems unlikely. Barring last year they’ve been late March for years. But we can hope!
Results by the end of the month - ie tomorrow ?
Chris Ackers buying more YOLO, maybe with the profit from SNT after leaving that:
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/YOLO/13980614.html
Looking at various reviews of this, there seem to be some technical glitches at the moment, however, the potential here is surely immense. It is shaping up to be a You Tube/Netflix of TV programmes - any number of companies would surely like to takeover this co. YOLO estimates somewhere around £50m at the moment - hence £2m for 4%. Lets see if the Directors buy some shares after they present the results, as they imply they would have done in today’s statement, but really they should think about cutting their wages to a fraction of what they are, and pay themselves with some options.
LinkedIn has a finance job advertised for Roxi, who claim to be “now entering the growth phase”. Thankfully, I don’t think YOLO has put in any extra cash here this year. They had a perfectly good name with Electric Jukebox - now the website is called the completely unmemorable tryroxi - or roximusicsystem. The problem is Rob Lewis (who owns half the co.) needs to employ someone other than himself to run it. If they really wanted to put a rocket under a potential IPO share price, they would promote E.J. as an App to compete with Spotify. Roxi is currently £99/$99, which is a slightly more sensible price point than before but still a lot compared to other set top devices. Maybe it should be £49. + £4.99 month for premium. If only Magic Media would be managed as well as TVPlayer seems to be.
Might be time for a Roxi mk.ii - whether they will ever ipo is doubtful - but it will probably need to if it is to survive. TVPlayer is still interesting, perhaps YOLO’s stake in it will be worth close to the total mkt. cap. here. This has been a sell on the spike share, whether it can move on from that is difficult to tell.
What happened to the new MMW products that were mentioned or the IPO of Magic Media Works?
This seems way too cheap?
Electric Jukebox has a new website, and it’s Twitter account appears to be suspended ?
Interesting RNS, Sean Nicolson, formerly director/chairman EVRH and chairman of Sure Ventures (VR fund) has joined, given lack of news from company will they invest in EVRH given its low price and sharp decline recently?
There was a late reporting of 200K @ 7p
the time reported puzzle me but must be the trade it moved to 7.25p, as there was only 3K traded at 7p before it moves higher
Some small size buying is taking place, enough to move the bid to 7p
7.075p (6.90-7.25p)
2nd day on the rise after a large drop recently, that was a 61.8% Fibonaci retracement, a normal point to bounce back.
https://uk.advfn.com/p.php?pid=chartscreenshot&u=WnhDxjHoFAwf0xfYPVgpgXrpLprQ1pJk
I don't understand this share, always on risers and fallers if you played it right you'd be a millionaire!