GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Don't disagree with you ma5k. In my experience (and I'm back to being cynical again), this is how our dear old friend the AIM often works, i.e. rampy release and a fundraise organised in the background. One would hypothesise that if such a financing were occurring it may well have taken place by now, particularly given the price action since last week's announcement. As always we, the retail punter, will be the last to know...
Exactly - it's a big if... I was partly going off the half-yearly report under the Going Concern note; I know the official reason given is "The Board is also planning to raise additional funds to continue to carry out its investment strategy as opportunities arise." but that just seems to my cynical mind, like a bit of backside covering ahead of a potential fund raise, whether specifically for MMW Ltd or another investment or even for working capital purposes... I don't know enough about TVPlayer but have at least heard of it as I believe it's available on Roku. First thoughts are that there is more of a viable business model there but I'd guess competition is fierce in that space too. Having had a quick look at the "premium" channels I'm not sure many folk would wish to spend even a nominal sum per month on those channels but that's just my taste and tv-watching/spending habits. Either way, YOLO only has a minimal holding, less than 5% if I recall, so arguably not material to the overall investment case. Having said that, given the recent price action and retail interest (last week at least), it may well be worth a high-flying punt at 0.5p but, personally, I wouldn't put more than £1-maybe £2k punt money in and would probably be nervous holding for too long...
Fair enough if that's your opinion BS (using your initials there...not a dig...ha). I don't particularly agree with a number of the points you've made; especially when based on my empirical experience. I find more and more of the older generation are more tech savvy than you'd expect, e.g. my mother has an iPhone and a number of apps to stream music. Similar for a number of my relatives and folk I know. And kids use phones for all sorts: Snapchat, Tumblr, Instagram, Youtube, Musical.ly, Soundcloud etc. etc. etc.. To have a magical leap of faith that ROXI will solve the issue of families spending less time together is hopeful indeed IMO particularly when you take into account the actual amount of hard-earned cash consumers are spending on music these days. A bit of research online, particularly reviews in trade-type publications, only serves to augment my view of the business case (or lack thereof) here. It's easy to announce in an interview/press release that a company is aiming for a £100m float and targeting revenues of £777m over five years and get retail punters drooling; actually selling over circa 3m units to achieve that is a whole nother story entirely. But, as always, each to their own...
Not sure the reference to the Wii has any relevance whatsoever. From memory the Wii cost around £180; this was much cheaper than the Xbox and PlayStation it was competing with. Either way, yes it was family oriented but the Wii had Nintendo backing it and a USP at the time given that it was based on motion detection. I, and most rationally minded folk, continue to find it very hard to believe that enough units will be sold at the £199 cost to ever make Magic Mediaworks Ltd profitable. If you believe it will then fill your boots but all this talk about YOLO somehow now being worth multi-millions because of the potential, possible, who knows, maybe £100m IPO next year is clearly not the opinion of the market. Still feels like a placing around the corner in this one.
Those reviews are for the old version of this product - see the date first available at Amazon: 26th Jan 2016.
Sunday Times article about Oozi's house in Rome. Seems Telit were paying for rent of the house but most assumed it was owned (even if nobody knew why Oozi needed a house in Rome). ST revelation that the property is owned by an "entrepreneur charged with tax evasion." Arguably also means questions for Yosi Fait as FD at the time...
The stock was in auction so correct at the time. "Normal" service resumed now...
Guessing someone has a massively underwater position eh Welshshark? Doesn't look like the market agrees with your opinion here. No brainer my foot.
I was looking for some more robust revenue figures which include the annual subscription costs in the following years rather than simply dividing the revenue figure by cost of the product. Either way, to target product sales in the millions is, shall we say, somewhat ambitious in the extreme.
The group is "targeting" revenues of more than £777m over the next five years. I'm "targeting" losing a stone over the next year; doesn't mean it's going to happen. Especially with a business model tied to a single largely untested product being rolled out at relatively prohibitive cost. Does anyone have any figures as to the volume which would need to be sold to achieve the ahem stretching target, i.e. based on initial outlay and 2-5 year subscription costs? Seems more and more like a pre-placing ramp to my eyes. DYOR and all that balls.
You're only serving to prove my points with your opaque responses. Perhaps you should extract your head from your own backside and realise different folk have different strategies, time horizons and risk profiles etc and it's up to the individual as to whether to bank profits or let them run hence your "advice" is wholly unwarranted honeybunch. It's really not that complicated. Simple point which you seem unable to comprehend - danlee007 queried why the Deltic approach had not been announced / the reasons for declining not expounded upon by RBG and I provided some potential context and further information for his consideration. Clearly pointless to engage with you any further as you appear to be one of these folk who enjoys an argument/fight for whatever reason your myopia chooses to dictate at the time. Crack on sweetcheeks and save your energy for the next valueless and absurd altercation you decide to involve yourself in. You're the sort of person a filter button was designed for.
Aye, he has. Still odd though and clearly has form for instant and incorrect reactions, i.e. the response to Danlee007 below. Seen all sorts on these boards over the years but the contradiction between "calling out" shorters and saying I've sold today is still somewhat perplexing. Oh well, takes all sorts.
Still failing to see what in the blue heck you're on about. First I'm a supposed shorter based on your erroneous and fallacious understanding of what I've actually posted but at the same time you've sold today? How bizarre you are.
'Twas ever thus joethumb... you DERAMPER. Ha. Seriously though, seeing some of the usual names on these boards spouting the same old mendacious tripe about buying pressure, buys going to NT, MM games, wait for US opening etc etc is enough of a red flag to me in the first instance and should be to anyone with half a brain who knows not to follow such hysterical ramping. Sadly, I think most people have to learn the hard way by getting burnt after believing the lse hype...
Errrmmm say what Nolieshere? Have you not taken your medication today? Both my posts today, including the second starting "My" opinion, were copied from Paul Scott's website and he/I both continue to hold as think there may well be some upside even from these levels with perhaps some downside risk given the price pre approach but faith in the quality of RBG's actual business and the medium/long term whatever happens with the Stonegate offer. Read the actual posts before spouting blinkered and baseless gubbins as if you're the self-imposed guardian of this board. Ps see my post here on 31st July. And give your head a vigorous shake.
Hear what you're saying StuartNorth but much cheaper options out there for initial outlay and then e.g. use of YouTube for free. Most would just buy a Google Chromecast or Amazon Firestick (branding effects too) and then get a monthly subscription. Don't see a big take-up of the product itself and no real moat around it.
Cost of £199 for ROXI and one year's free access seems prohibitive. First article I've found when googling largely confirms this - https://www.musicbusinessworldwide.com/no-electric-jukebox-isnt-a-joke-but-it-probably-should-be/ Keep ramping lads.
My opinion - the Deltic proposal probably won't work, in my view. I think Institutions would probably prefer a clean exit, for cash. Deltic doesn't seem to be in a position to be able to fund a cash bid for RBG, which is the only serious alternative, so I doubt the merger proposal as it stands would be progressed. However, the positive thing is that a second potential suitor emerging has reinforced the attractions of RBG to a trade buyer. The stock market has consistently failed to grasp that RBG is a decent quality business, with good growth potential, generating bucket-loads of cash to self-fund its roll-out. So it's encouraging that more than one potential trade suitor is circling the company. I think there is potential for Stonegate to improve their possible offer, so personally I'd be disappointed if the company sells for less than 240p. So hopefully another, more credible (than Deltic) bidder, might emerge in due course, to force up Stonegate to a higher price? Personally, I accept the downside risk of bid(s) falling through, as I believe RBG is worth more than the current share price anyway, bid or no bid. So there's maybe 40p downside risk (in the short term), but longer term value with or without a bid is potentially a good bit higher than the current share price. An interesting situation, let's see what happens!
Hi Danlee007, you may have a point re RBG only commenting on the Deltic approach post Deltic's own announcement and some further context re why the offer was not in the best interest of shareholders would/could have been useful. You may be interested to read Paul Scott's Small Cap Value Report of 15th August on Stockopedia. I've copied parts of the article below for what it may be worth... At the P&L level, they look quite similar. The balance sheets are very different though. Deltic only had net assets of £10.3m, whereas RBG had net assets of £41.2m. RBG has a net debt-free balance sheet, whereas Deltic is carrying a fair bit of debt, which incurred an interest charge of a hefty £4.0m for the year (including a shareholder loan charging 8% p.a. interest). Therefore, if RBG were to consider a merger with Deltic, it would need to value Deltic's equity at a much lower valuation than RBG's equity, to reflect the considerable debt which Deltic is carrying. My view is that the Stonegate offer is not at all generous, if you crunch the numbers. The key point is that Stonegate would be able to eliminate as much as 60% of RBG's central costs (an estimate by a well-respected research firm). Plus it would be able to considerably boost RBG's profit margins by renegotiating drinks supplies at cheaper bulk discounts, and I think also would be able to make staff savings through pooling staff. Deltic then goes on to say that a merger with RBG would create synergies, and be a larger group which might interest stock market investors more. There's some merit in this proposal, in my view. The sting in the tail is that Deltic management want to run the enlarged group! In a nutshell then, the Deltic proposal to RBG is this - please buy us, using your stock market listed shares. Then we'll kick out your management, and run the enlarged company ourselves! I can see why RBG management wouldn't want to progress that idea. Hence why Deltic has today gone over their heads and appealed to RBG shareholders direct. Another worry is that a merger which is structured as Deltic shareholders receiving RBG shares, would create an enormous overhang of sellers. It could be seen as Deltic shareholders seeking an exit route by the back door. That could then result in the RBG share price being almost permanently depressed from selling by former Deltic shareholders. I find RBG's rebuttal a bit weak. If I were a major shareholder in RBG, I'd want to know specifically why the proposal was turned down? It sounds as if the Stonegate approach is likely to result in a formal bid fairly soon, would be my guess. They've had enough time to do due diligence now. Maybe they're arguing over price? It would be rather difficult for RBG management to recommend a 200p bid, given that was the IPO price in 2015. A 200p bid suggests that RBG management has added no value at all in their time as a listed company - not something I would want to explain to sh
Nothing online. No news or any info on company's website. Prima facie just looks like a Friday ramp.