Member Info for Dibs61

I must say I have more of a concern for your investing perspective than about TW. TW is a blogger, a Journo. He doesn't destroy anything IMO. I will tell you the thing that does destroy shareholder value. Poor management. Inept management. Incompetent management. Crooked management. There's plenty of that on show on the AIM! These are the things that destroy shareholder value. TW's words may, on occasion, affect a share price but if he's wrong the affect will only be temporary. Do not worry about what bloggers say. Do your own research. Make up your own mind.

Could and should prove to be a good top up point Ctw IF they deliver as stated in the trading statement Jan. EA and CG both have a lot of skin in the game here which is always an investing prerequisite for me. I also recall witnessing CG's relative delight at the low 20's SP last year at one of the investor shows. So he certainly has a lot to gain by a higher SP which is good. Also, I know that many do not like TW and, although like all of us he occasionally gets them wrong is a pretty smart cookie and is a persistent advocate of FOX. So yes there is def the positive side of the coin otherwise we wouldn't still be here!

It would appear that, as you suggest, we are going to be treated to yet another slipped completion date. I wonder if Chris is just a bit too nice and needs to kick a few Kosovan butts. Or get his Kosovan buddy to do it. Or kick his own butt? Whatever. Just get on with it. Can't blame it on the rain anymore. Plus we need sales. We've been told that sales pipeline is there and its likely to ramp up. So, hello where are the sales?

KaChing - I doubt they have got through that much cash but it's also about projecting their future requirements for this year, especially with an eye on the US. As you say much will depend on the acceleration of growth in ARR. The latest KPI's will be very interesting. As you say the sp seems low but company still valued at £12m. The market certainly is anticipating another fundraising so, for me, it's a waiting game now.

In expenses on the income statement over past 4 years. Outstripping revenue growth by huge margin. Have they explained how they are going to reverse this trend?

I'm not planning to put any more into AMC. Got enough there. Think the goal posts have moved (again). JV spoken of now (that's new) and PFS very soon. Then licence IMHO. Lots of people put off by Lanstead and Russia. Can't imagine why? :)

Bounced off the top of the bolly jolly....

Last placing was just under a year ago. They must need cash now. This is screaming a placing. My guesstimate is 3m new shares @ 125p giving gross proceeds of £3.75m. Once that's out the way with a kpi update it'll be time to assess again. Still (potentially) a great outlook long term but these things take time and money to get off the ground.

Yes true. We'll have to wait and see. I'm hoping there will be some additional news update within the announcement as well as some (positive) forward guidance for this financial year.

Snapped up £10k's worth earlier on isdx. That's absorbed the couple of sells last week. This is rather illiquid so I would expect any further buys today to move the price up. I'm targeting 18-20p on the back of results announcement tomorrow morning. Last chance looming to climb aboard.

The market should like them hopefully.

Nice to see a trickle of interest even if it's not enough to move the price. I do hope it's not due to Tom W pushing this again.

Sorry bid should read 2.50....

Up a notch today and isdx showing spread of 2.75-3.25 2.87 mid. Looks to me like MM's don't have much stock and bidding up to get shares.

Conclusion: Release of the interims was followed in July 2014 by the earnings enhancing acquisition of classical content which OMIP claim leaves their classical library as, "one of the leading digital libraries worldwide". It should also be noted that c.95% of OMiP's revenue is generated in US $ with the majority of their generated in £. It receives $ payments on a monthly basis, partially converting a proportion to £ to meet costs...so should have been a beneficiary of the strong US $. Operating margins are also stable at c.20% & forecast to rise to c.25% in 2015 & 2016. Cashflow positive, albeit they have continually added to their content library over the last 9/10 years with c. £4m invested in music, spoken word and video content. Michael Infante, CEO had the foresight in early 2000's to recognise that digital media was the growth area as CD sales plateaued. With the more recent growth of streaming for both music and TV content, plus growth in sales of Smart TVs, he has positioned the company to take advantage to these changes to consumer behaviour during the next decade. They have proven to have a sustainable & growing business model over the last 5-years, certainly fulfilling a number of ZULU characteristics. Whilst the industry landscape is constantly changing & the Group experiencing challenges such as copyright infringement; European sales tax challenges & method of consumer content consumption they have consistently delivered in recent years. On a PEG of 0.7 & soon to deliver a 5-year growth record while offering a progressive dividend, they are certainly worthy of further research. Preliminary results out on 10.03.2015. Regards, GHF As I say many thanks to GHF on ADVFN for this comprehensive and informative research on OMIP.

Earnings: 2009A Rev £795k / PBT £65.8k / Fully Diluted EPS 0.07p 2010A Rev £1.218m / PBT £250k / Fully Diluted EPS 0.20p (185% EPS growth) 2011A Rev £1.6m / PBT £331k / Fully Diluted EPS 0.35p (75% EPS growth) 2012A Rev £2.1m / PBT £428k / Fully Diluted EPS 0.62p (77% EPS growth) 2013A Rev £2.7m / PBT £524k / Fully Diluted EPS 0.61p (Nil EPS growth due to 15% increase in size of equity and £200k AIM listing costs) Forecasts - Year End October 2014E Rev £3.1m / PBT £0.75m / Fully Diluted EPS 0.75p (19% EPS growth) 2015E Rev £3.7m / PBT £1m / Fully Diluted EPS 0.95p (27% EPS growth) The reason for the lack of earnings growth in 2013 can be attributed to the placing of 9.4m shares (increased equity by c.15%) & associated costs of £200k on their move from PLUS Markets to AIM.

Summary: OMIP has delivered 4-yrs profitable growth...and hopefully a 5th when 2014 results are released on the 10th March 2015 . The "moat" is its content library iP which now encompasses 190,000 music tracks which they monetise via most online stores (iTunes, Amazon, etc) or the streaming services such as Spotifiy, or indeed via tv, advert & film. Alongside these music tracks, OMIP is also building a video content library. Per the Charles Stanley note produced in 2014, OMiP acquires and exploits intellectual property rights around music, video and e-books as well as spoken word. It has the rights to over 190,000 nostalgia music tracks, performed by over 4,000 artists from 90 years of music and 7,000 video programmes. This is delivered to over 600 web based music and video stores. OMiP currently has over 20,000 digital albums listed on sites like iTunes, Amazon, Spotify and YouTube. OMiP has identified audio and visual streaming of content for future growth as demonstrated by the growth seen in YouTube, Spotify and Deezer. I've mentioned this share on the ZULU threads over the years, most notably when they traded between 2p-3p. On their move from PLUS to AIM in April 2013 they rose from 8p to 20p when I believed that the shareprice had moved away from fair value. However, since this time the price has fallen considerably through a combination of - high valuation attributed alongside lack of newsflow IMHO. I've a buyer in recent months and weeks believing that they now look excellent value again. You will have observed that c.20% earnings growth is forecast for year gone & c.25% forecast for this year (to 31/10/2015). Equates to a PEG of 0.7 if one considers EPS of 1.0p in the current financial year & considers 20% annual earnings growth a reasonable assumption given their financial track record.

Courtesy of Glasshalffull on ADVFN some very informative research: Market Cap: £10m Net Cash: £1.4m (at 30.04.2014) with additional $2m royalty advanced received in June 2014 Enterprise Value: £8.6m Shares in issue: 70,703,698

Oh I see, the Richard Griffiths factor. Well, of course this chap is a pretty big hitter and can afford to take a position and just sit and wait. Don't suppose he's expecting an immediate turnaround - if it happens! And probably loose change from his back pocket. I imagine he thinks it's a punt as well but I agree he will know more about the business than we do. ATB

They might need a cash call soon and that's what's plaguing the market as well.