Member Info for Indie07

It looks like we have regular little breathers and then a steady rise... trend is up DYOR

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Having secured global licencing agreements with the World's major record companies, including Universal Music Group, Sony Music Entertainment and Warner Music Group, together with other major independent labels, Magic Works has now agreed new international arrangements which secure access to Amazon, QVC, BestBuy, Brookstone, FNAC and many other of the World's largest retail outlets supported by distribution agreements with Exertis and Wynit. As a result of these new arrangements, Magic Works now has distribution capabilities which will enable it to reach every major retailer in North America and Europe and as a result it is ideally positioned to launch its Electric Jukebox product range in the United States later this year at a time of unprecedented growth in consumer demand for music streaming services. Superb and huge things to come! DYOR

DYOR

Then becomes quite difficult to get in

From tiny acorns do gigantic oaks grow

Substance BIG substance

1.5p will the first big stop

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Simon Robinson, CEO of YOLO said: "We believe that Magic Works is at the cross section of two of the hottest sectors in the technology industry - Voice Controlled Consumer Electronics and Digital Music Streaming. Having successfully launched Electric Jukebox from a standing start, Magic Works has demonstrated that there is strong demand amongst customers for a dedicated pre-paid, voice activated music streaming device and with a range of enhanced products and significant international expansion planned for 2017, we believe that Magic Works is well placed to build upon these early successes and scale the business materially from a solid base".

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We have substance here see yesterday's RNS

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Yesterday ....

Yes loading up

A bit of research on hxxp://www.haikechemical.com/shareholder-information shows only 56% of shares not publicly available. 81% is held by Hi-Tech Chemical Investment Ltd, employees and institutions. Realistically only 19% of free float!! Hi-Tech Chemical Investment Ltd has Mr. Xiaohong Yang as its chairman and major shareholder. He is also Haikes chairman. Some Chinese companies on AIM are considered very high risk and trade at a huge discount to its non Chinese peers. Reading back through the history of Haike and its history on AIM. This profitable, low debt business shouldn't be trading at such a huge discount and todays trading update has brought this to a lot of investors attention. Current p/e only 6, not unusual for Chinese AIM stocks but Haike the more reputable can command p/e of 8-10. Giving a further 30-60% upside. (45p-55p) Looking at finals for 2015 released May 2016 - "No dividend is proposed for this year. When the Group's profitability has further improved, the Board will consider the resumption of dividend payments." The groups profits have improved drastically and debt substantially reduced. Given 55% of shares are held buy Hi-Tech Chem, it wouldn't surprise me if there is pressure to reinstate the dividend. An AIM stock with pe below 10 considering to reinstate dividend payments. This would also put a rocket under the SP. Also compare the wording of the January 2016 trading statement to todays. Massively different, so positive for 2016 figures. Dyor