Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
If I'm over in England, I may try to go to this.
My mother lives near Crawley.
If I do, I'll let you know.
So I've visited the One.Bas site and it's pretty impressive.
Functional and intuitive to use.
But I don't see why anyone would want to pay $1 for an album, when you can hear the same album for free at their web.
Are they going to have to go down the pay by advert route?
Thanks for the updates, iosbyios.
Keeping fingers crossed about One.Bas!!
hi iosbyios,
the idea sounds good. But nothing of any importance has happened for over a year and a half.
I personally wouldn't value a "company·" with this idea at $5m+ It's just an idea. Ideas are legion and they are free. Yhis was the value placed on One.bas by CRV when it bought its 29%+ share 18 months ago. Crazy.
I've just remembered that Rosedog is no longer in Omega-3. It now owns TV Zinos. As it stands, TV- Zinos is worth close to nothing in my view.
Hello Tully Crow and iosbyios,
I really enjoy and appreciate your respective contributions.
I've held CRV for some three + years now. It remains my worst investment since I began living from investment years ago. I'm sure this is Tully Crow's experience too. So our shared disappointment and scepticism is understandable.
However, iosbyios has been consistent in seeing the sunny side and there is potential at Bio-Vitos.
I think CRV are correct to write down the investment at One.Bas to zero. This doesn't mean One-Bas has vanished - yet. But currently it has no viable business. Just saying you are going to come back mutated and conquer the world does not confer monetary value.
Garimon Ltd: Neither magazinos.com nor TV Zinos in their current form have saleable products. What's more, both are in highly competitive fields. For magazinos to work, it has to offer current magazines, not just back-copies: to do that it needs cash to pay the magazine owners. I'm guessing the cash raise is for working capital to allow that to happen.
Honeydog is now being seen as a cousin to Bio-Vitos and Rosedog. To conglomerate these companies into one would make a lot of sense. However, although CRV has 29%+ of Honeydog and Rosedog and 24%+ of Bio-Vitos, this doesn't give control, so such a conglomeration is unlikely to happen.
Given the several changes of business of these nascent companies (originally one was going to be an on-line theatre prop supplier, another a web-site for calling out doctors in Scandinavia), it really beggars belief the % of CIH that was handed over to pay for unviable business plans drawn up on the back of envelopes.
There is promise in YRRO/, now Bio-Vitos, that's for sure.
Do we know what Honeydog does? or will do?
Thanks, Iosbyios,
yes, of course, you are right: we have to distinguish between CRV's holding and the underlying company One.Bas.
One.Bas are putting a brave face on things, but it doesn't seem to me they have any viable business currently. So writing them down to zero is correct.
Like all the holders of Craven prior to taking the 29% + stake in the five Scandinavian companies, I looked with dismay on the original purchase, as I could see no reason to pay a foolish amount of money for nascent web companies.
There is promise in YRRO. Rosedog seems to be in a very similar line of business.
Thanks Tully for the link. RIP Magazinos.
All hopes rest on YRRO and Rosedog now. IZY Radio looks a non-starter to me. Surely will be the next to go!
Hi Iosbyios,
these were the five original companies:
1. Garimon Ltd - owner of "Magazinos.com", the largest-by-content on-line media magazine and periodical content provision service.
2 Onebas.com Ltd - owner of "ONEBas.com Music", an optimised search engine providing a portal to music content freely circulating online.
+
3. IZYRadio Ltd 4. Rosedog Ltd 5. Yrro Ltd.
One-Bas has been written down to zero value. According to this RNS, there are only four companies left.
I'd be grateful if you have a link to the possiblity that One-Bas might revive!
Hello Tully,
One Bas had no saleable product.
The same is true of Magazinos.
Do you have a reference to the news on Magazinos? The site is still working, though I can't imagine anyone would bother visiting given it's still only offering well out of date magazines.
Brilliant news!
Deep value outed !
In comparison, for example, Magazinos still doesn't have a saleable product.
There is little demand for non-current magazines.
There's no doubt that this is a positive development. Craven Capital now owns 24.49% of the licence of a product with potential sales of north of $100m.
Obviously, there are many hoops to jump through before that figure is reached; and I'm going to suppose that margins will be thin/ non-existent initially. But at least, there's potential here.
YRRO/Bio-Vitos seems to be the only one of the five inter-related Swedish companies that has businesses that are potentially profitable.
Thanks for the posting, Iosbyios!
Hello Grawostac,
It's good to exchange messages with you.
Craven Capital is sellable: Craven Industrial Holdings is not.
I've spoken to one of the major holders here; but he didn't want to buy my shares in CIH! he already has enough......
This is my worst mistake ever in 15 years + living from investment.
Craven Capital will be of some use as I will flog the shares at a derisory price to off-set capital gains for tax purposes.
There are quite a number of other holders too.
So you think Magazinos still hasn't fully launched?
The current issue of the magazines needs to be available, otherwise demand's going to be minimal, that's for sure.
Hello Iosbyios,
I took a look at Magazinos today.
It works much better than a few months ago.
But all the magazines I took a look at were back copies with the latest viewable edition a few months before the current date.
Have I missed something? Where would the demand for viewing back copies of magazines - perishable, ephemeral publications - come from?
That's positive!