GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
..if I had £33,000 tied up in this company.
Even with Napster, they will struggle to cover their running costs. Over paid BOD, over hyped product, naff PR, no big acts.
London theatres closing again, concert halls closed, and has this company got lots of great VR shows lined up? Ermm... No.
If a virtual entertainment company can't make money entertaining people who are stuck at home during a pandemic they will never make money.
And most VR headset owners are gamers. They dont have £15 to watch a concert.
Do what I did. Admit you got it wrong and sell.
This is the ONLY board on LSE where I have had perfectly reasonable posts deleted because people cant accept the opinions of others.
Someone mentioned "reasonable humans". By that they meant people who agree with what all of the long term holders say. Because if you dont, they report you and your perfectly reasonable posts get removed.
They accused me of being a deramper when I was providing a reasonable argument, just like Wolf (it was great to see someone else who has a reasoned opinion).
Wolf hasn't actually deramped this share. He or she are just making observations and comments. You know, Ermm, giving their opinion on a chat forum. And so far the price is down again today so they are not wrong.
And they are certainly not name-calling or being rude, which is what you often get from a lot of regulars on here.
Having made so much money this year I find this all so much easier to handle. I was right about my stocks and so far I have been right about this stock too.
Like I said, this is a numbers game, but the content / show / production will largely dictate the age range.
And remember, it is a lot of the younger people who actually have the VR headsets.
One other thing to consider is that when the pandemic is over, people are going to want to go out more than ever. Do you not think that if watching virtual reality shows at home or on a mobile device was going to take off, it would have done so over the past 8 months when the vast majority of the population have being forced to stay at home during evenings and weekends when most theatre shows and concerts take place.
I mention mobile devices because many people pointed out correctly that it is not only virtual reality devices that can be used to view content. However, if you had the choice of watching a concert on a 10-inch screen or on your 65-inch TV with Dolby surround sound I know which one I would choose.
So what age group do people see as the main target for melodies products?
Finally of course, if you had all been right, and I had been wrong, the share price wouldn't be almost exactly where it was 12 months ago.
In a post on this board yesterday somebody thanked me for mentioning Eurasia mining when it was 7p. I feel well within my rights to come back and state the fact (gloat) that I was right about GGP and Eurasia. There is no such thing as a dead cert, so I didn't know for sure they would go up, but they have gone up. I also said this share would not go up and 12 months later it has not gone up. That is not called ramping, or deramping, it is called being correct.
I was a former melody holder but then realised it was not a good investment and that I had made a mistake.
Whilst some people on this board like to joke that I take investment advice from children, many of my kids friends have VR headsets, and I can tell you that none of them would be willing to pay £10+ to watch a VR concert when they can get a game that will keep them happy for weeks for the same amount. Ask your nieces or nephews or whoever are in the 13 to 18 bracket and they will probably tell you the same.
And whilst there may be people who are older than that age group who might be willing to spend their money, this is simply a numbers game and you need a lot of people to be paying for content to make any money. I personally do not believe that will happen within the next 5-years, possibly even beyond.
People don't need your permission to post on this board, which is notorious for slating the opinions of anyone who does not agree with the "experienced" investors.
If this company can't make money when companies like Netflix have rocketed because of the number of people who are staying at home it will never work
Just a minor issue. By that I mean if the people on here that tried to get me banned had actually listened to my advice instead of trying to discredit me, they would all be much wealthier people.
This time last year and in January I was telling you to buy GGP and Eurasia mining. Well, GGP has gone from 2p to 32p and Eurasia mining has gone from 4p to 40p.
This share is still down in the doldrums because of the reasons. Not enough people are willing to pay regular amounts of money to watch virtual reality shows. And, if you can't make this company work when there is a pandemic and everyone is at home and is unable to visit the theatres then it will never work.
I know getting the groups and performers is also problematic because of the pandemic.
Steps were performing the other evening and I don't know why this company could not have got the rights to use there clever camera equipment to do some virtual reality streaming of that event to try and get some paying customers. There are performances taking place around the world, but this company just does not know how to put a decent deal together.
And I only had £20K in each of the above companies, but you figure out how much that is now worth.
As per my post below they have just under 2 weeks to find a nominated adviser (Tue 23rd Dec).
The board of directors are spitting their dummy out because there are people who want them out, but delisting can make things very difficult for them, so there is still a good chance they could announce a new nominated adviser at the last minute.
They said in an RNS the extra work involved in looking into the proposed ousting of the current directors did risk the chance of delisting. But there is no rule that says they need to remain suspended whilst they look into that so I think they are just using that as an excuse.
If they do delist it is not necessarily the end as shareholders can recoup some of their money if they continue to trade as a private company.
..where a Nomad has relinquished its responsibilities towards a particular company, the company’s shares are suspended from trading and then delisted if no replacement is found within 30 days.
Wete suspended 23rd Nov. 30 days is 23rd Dec.
If you you call interactive Investor or Hargreaves Lansdown they will tell you it can take "up to 10 days" for this to show on your account. How ridiculous is that in this modern computerised age! it's like telling you it really does take 4 days for a cheque to clear.
At 0.0255 my 3 million Attis Oil shares were worth about £725 on Thursday.
If 236 aogl = 1 new He1 share (thanks Argo007) my 3m holding is worth £361. (3000000 div 236) x 2.84p.
The RNS on 16th Nov said "Anticipated market capitalisation on Admission £14.1 million (at the issue price of 2.84p)".
So this information was already known back then. Does anybody know how much one old Attis Oil share is worth at the new rate?
The number of ordinary shares in issue immediately after Admission will be 496,893,111 giving the Company a market capitalisation of approximately £14.1 million at the issue price of 2.84 pence per share.
What was the consolidation ratio?
How much would 1 million Attis oil shares be worth at the above rate?
Here is the link
https://twitter.com/Stevo04937960/status/1333455506564911104?s=09
Proposed final dividend of 1.0 pence per share (FY19: 5.2p) taking the total dividend for the year to 3.6p (FY19: 7.8p).
Was 7.8p before, so a 53% drop in divi and 43% drop in profit BEFORE COVID!
There is a massive difference between deramping and posting facts. I use facts.
A poster who mentions the divi didn't mention it is only worth 1p compared to 5.3p a year ago.
I do think the share will be worth twice this, but that will not be be this year and maybe not even until the end of next year.
Bid now 39p down almost 6%.
People below are happy to comment on what I am saying, but nobody has tried to give accurate customer numbers.
Companies do have to release their figures, but they don't have to make any attempt to make them look poor when they can fluff them up a bit.
Alliance news reports in the 53 weeks to February 2020, profit was 11.5 million down sharply from 20.2 million the year before (a 43% drop).
Remember these figures are pre COVID. The new period starts from March 2020 which they haven't even reported on yet.
They have also withdrawn their guidance for 2021.
Like many people on here, I think Morses are potentially worth double this. I think of the phrase that stock markets are often a rational but they are rarely stupid.
Another thing to remember is current customer numbers. On Friday they reported customer numbers as of the end of February 2020 as c221,000. If you look at my post below, you will see the RNS that was released last Thu said they had 169,000 customer's (look at the company information text at the end of Thursday's RNS which clearly states 169000 customers). On Fri they said customer numbers remained broadly stable at 221,000.
I know a lot of loyal customers have not renewed loans because they have had nothing to spend the money on such as holiday. It would be useful to know for sure what the current number of active Moses customers is.
The company information text at the end of yesterday's RNS said they had 169,000 customer's.
Today they said customer numbers remained broadly stable at 221,000.
In Sep 2019 customer numbers were 224,000.
Today's figures are talking about 2019, so I wonder how many customers they actually have now?
Definitely said 169,000 on yesterday's RNS.
In Sep 2019 customer numbers were 224,000 (see 5th Sep 2019 RNS). The information at the bottom of today's RNS said customer numbers were now 169,000, so have fallen by 55,000 (24.5%) in past 14 months.
Remember that tomorrow's results are mostly for 2019 (Feb 19 to Feb 20). In 2019 Morses spent a lot of money on acquisitions and on gearing up for their digital platform so there are likely to be a lot of exceptional costs.
Currently customer numbers are down around 30,000 because many customers who were repeat borrowers have not renewed their loans because of the pandemic (nothing to spend it on).
For sure Morses are well prepared for the future, but the market will react on the facts and figures tomorrow.
Should have said
.. on 5th Sep 2019 Morses gave a trading update for the 27-week period to 31 August 2019. But obviously that interim update did not include figures for Sep, Oct, Nov, Dec (xmas) 2019 or Jan 2020 (not Jan 2019).