Member Info for Djp57

Mel, Italian.
I have also seen the N&G website but I believe its double counting. The first release was £6.48m, and then it was increased to £8m. You are adding the two together, and that is not right. Their contribution is only £8m.

.my comments
Half Year 2021, 30/9/21
1. Good financial result, +18% growth in global streaming, although new App launch pushed out a few months will disappoint some people. Confirmation of a US listing is being looked at a major positive.
2. Revenue £32m as expected (OK)
3. Net loss £8m less than expected (Good)
4. Cash on hand £9m as expected (OK), cost savings £5m (Good) and lower debtor days (Good)
5. Monthly global streams +18% on H120 (Good), and average customer lifetime exceeds 5 years (Good)
6. App launch now early 2022, which will disappoint some people (OK)
7. Rebranding of the business done, many of NAPs strategic partners have seen visuals and "mockups" of the new combined App in advance of the beta launch, expect the App to be available for preview by NAPs partners next month (Good)
8. Exploring a US listing (Very Good) to provide a platform for more realistic valuation alongside peers (this may well include a capital raise which will be needed by 1Q/2Q22 as the App launch is pushed out a month or two).
https://www.londonstockexchange.com/news-article/NAPS/half-year-report/15154592

Horse, Sounds like one of you needs to go...

Good on you Mel.
We all have a view. I reckon we are on to a winner, and have bought more in recent days. My money is where my mouth is.
Who knows, maybe one day Napster will rival Spotify for market cap leadership. Think Big everyone.

You're out of line Horse. Take your anger out on someone else.

Do you know that as a fact Krito?

Interesting Mel5,
Just add another potential suitor to the take-out list...

Well is will be very soon, as 1H21 due this coming week, and apart from the historical numbers I would expect some commentary on App release. Hopefully on time, on budget.
If the news is any better than expected, we won't see 1p again.
Will we see a N&G conversion next week, or will it be the first week of October?

Yes Toniinot,
Actually the correct line should be, "I'm just happy to wake up in the morning .... the wife hates that"
Bob Monkhouse or Tommy Cooper I think.

At my age, I get excited when I wake up in the morning...
Wife hates that...

Well said Albert.
It excites me too!

Thank you BioEnergy, and welcome. Are you a shareholder?

Yes, we all know that. And have known it since June. The reason for being invested in Napster is not for the pending 1H21 results (within 9 days), but launch of the new App, expected 4Q.

There aren't quarterly numbers published, but half year/full year. You haven't given me anything here to worry about. Its quite possible the 1H21 numbers and associated commentary may disappoint. However with the share price where it is, the downside is limited to zero, but the upside is possibly in '000's%. Its all about the future, not the past.
Just my opinion.

*Accounting
And the 1H21 result should contain some commentary to confirm the App timing

Same thing. Amounting year end = Calender y/e.

Company has confirmed to me 1H21 results will be published before 30 Sept. This will be the first result including Napster.
Last year was delayed but the company was also suspended and going through the reverse merger with Napster.
Anything above £60m revenues will be a positive surprise. Below £50m a disappointment, however what really matters now is delivery of the New App, on time. Look for commentary on that.

Whats going on.
The move this week really started last month, following the puke 20th July, followed by a rally then a consolidation. For the last 6 weeks selling has slowly been exhausted, and I guess people who have been working at analysing the company, and industry have competed their work. I imagine this involved discussions with the company (only because given the volumes bought over the last 6 weeks, no one would commit without complete due diligence). So assume those that have been buying recently know more than anyone, have faith in the business plan, time line, and delivery. Results for 1H21 out in three weeks, another 6-8 weeks to App release, and that will be kick-off for global marketing, telco contract announcements, partners, etc etc...
Don't worry about the move from 1.1p to 1.8p, you haven't missed anything. The company on my numbers today is worth around £300m (=10p), then depending on App success, anywhere around £600m-£800m in a year (=20p-25p), and who knows after that. As momentum builds, more attention will be drawn to Napster, technical players, and eventually serious institutional investors. But that's a way off yet. Then there is the possibility of a US listing, which would draw more scrutiny, and new demand. Or, a major industry player takes interest. Just my opinion, do your own research.

HorsesGob,
Your experience is not the same as mine. When I have put a series of questions to Management (several occasions) I have always received a response. Not all questions were answered as some were commercially sensitive. OK I get that, no problem. Yes I am frustrated it's taking longer than I expected, but we have a very clear time line that's been published and I expect it to be delivered. Right now I don't believe there is anything to say, as what can be released will happen at the 1H21 before Sept end. The App comes 4Q. After that comes all the promotion, marketing and hype. Judge it after that.

I disagree HorsesGob
Users today are used to multi offerings within an App. The benefits of seeing everything under one App, the ability to maximise subscriber base, and see everything on offer outweigh the downside risk. I am sure the tech gurus will be using best practice, experience, and the top talent to deliver everything to our satisfaction.

Cunir, refer to the chairman's statement at the FY20 result. He makes it pretty clear the new App will be something pretty special:
"our new platform will offer the only streaming membership where fans can get access to an entire repertoire of an artist’s work, be it on stage, in the studio or under the radar. We believe the front row belongs to everybody and our new subscription service will provide all area access including the ability to be part of sold out “360” shows live from across the globe, 4K+ video, hi-resolution and immersive audio, interviews, documentaries and downloadable libraries on any device, uninterrupted by advertising.

Following the launch of the new platform Napster will soon deliver a cross-platform experience that spans traditional listening on mobile devices, through to shared experiences on living room big screens – and beyond..."
Kind regards.

Mel, I seriously doubt N&G are in this to only double their money, nor are the other large shareholders. Minimum 10x, but hopefully multiples multiples of that.
Napster should be trading now around £300m market cap =10p/share. A year after App release, assuming a decent takeup with telco industry and partner support, cross selling from artists, merchandise transactions, with potential ticket, and VR, 360° footage etc, across mobile, Web, VR sets, and TV, we could easily see double that figure. In 5 years if NAPS has chipped away to take a 5% to 10% slice of the growing streaming, and associated technology growth across the music industry, a market cap of £billions is quite possible.
For a long time Mel you were too optimistic, now you appear too pessimistic. Hopefully somewhere in the middle is reality.
Just my view, nothing personal.
Regards.