Member Info for kularatnam

SMS was advised back in April to restrict travel due to his health conditions. Now in the recent past he has been in Hongkong, Mexico Italy etc. Seems to be very active. Watch this interview in HK

https://www.youtube.com/watch?v=mIVewqpH8vA

May have been to celebrate the one signed earlier.

https://www.lbbonline.com/news/mediamonks-china-announce-partnership-with-baidu

Q4 appears to be an eventful quarter for Media Monks, winning awards, accolades and recognition for their work. Some of you may have seen this but for the benefit of all I am attaching them. I think these are only a few - AI Ad agency of the year, Award for Metawerse etc. Surely existing clients as well prospective new client will notice this. Bodes well for 2024.

https://www.thedrum.com/news/2023/12/08/adidas-originals-venture-the-metaverse-explained

https://www.martechcube.com/media-monks-shines-as-adweeks-inaugural-ai-agency-of-the-year/

https://www.digitaling.com/articles/1000992.html

May be bit exhaustive, but worth reading.

GLA

Leaving the market fluctuations - which are bread and butter for traders - aside I see value in this share at these prices with a potential upside of 40% in the near term and much more in the long term.

Trading with a Market Cap of 30% of its revenue - peers trade at more than 50% of their revenue.

On EBIDTA Mkt Cap is 3.5 times and peers 6times or more. Aren't these numbers attractive?

Though overall revenues were declining, the contribution of top 50+ clients who contribute 79% revenue is growing. Looks like operations are moderating.

We may not see spectacular performances or valuation in the near future ,but at these prices it is value for money.GLA

DYOR

Seen this article.

https://www.fitchratings.com/research/corporate-finance/ai-to-boost-near-term-efficiencies-in-emea-media-adds-long-term-risks-06-12-2023

Why they selected S4 Capital among many is anyone's guess.

Jeff

"When is the ruling on ent"

https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4431180&lang=en-GB&companycode=lu-gvc&v=newdesign

So it is possible that the new CEO was privy to the T/O price of 156p. No wonder then, he has no hesitation in splashing £2mn. Then again Draft kings walked away after knowing the Gambling Commission review. This will be cleared soon, before the year end. We are in for some times ahead. GLA

FTSE 250 company Playtech made a written indicative approach to acquire William Hill owner 888 Holdings at a price of 156p a share in July, only for it to be rejected as undervaluing the company, according to City sources.2 hours ago

Playtech in £700m bid for William Hill owner 888 - The Times

FTSE 250 company Playtech made a written indicative approach to acquire William Hill owner 888 Holdings at a price of 156p a share in July, only for it to be rejected as undervaluing the company, according to City sources.2 hours ago

Playtech in £700m bid for William Hill owner 888 - The Times

This article would be more helpful .

https://ascoworld.com/news/financial-results-2022

Extracts

"ASCO has reported a 52 percent increase in turnover in a strong year for the Aberdeen-headquartered business, which saw it win new clients, grow its range of services and sectoral support, and expand into new geographies.

Accounts lodged for the year ending 31 December 2022 show that the company, a leading global provider of logistics and materials management services, saw group sales rise to £637.9 million, up from £419.4 million the previous year."

Poleaxe, you are correct . It looks like the % is calculated without "Nil" paid shares.

Look at todays RNS on Goldman Sachs holding. 810264 shares is equated to 3.467%, which means on 20 odd million shares.

Good luck to all tomorrow.

Https://www.business-live.co.uk/enterprise/co-operative-bank-buys-sainsburys-27504173?utm_source=businesslive_newsletter&utm_campaign=breaking_north_west_newsletter2&utm_medium=email

Going by the voting pattern of the 7th July General meeting, it looks certain that the present Board will be voted out. But will or should the new nominees be voted in ? I have strong reservations against it. Selecting CEOs, CFOs and even the NEDs are a long and meticulous process involving people at the highest ownership levels in a company. Here out of nowhere , someone with a meagre 5% ownership selects a bunch of people and wants to install them as Directors. This is not on.

As was pointed out here , they are taking over a company without paying any premium, which again is ridiculous.

But again what is puzzling is why aren't there be a predator for this company so that the issues that are being discussed over and over again could be put to rest once and for all.

The company is now valued at almost 20% less than the cash to be received in February 24. Wont it be feasible for someone to pay a 50% premium and take over the company???. Whatever said and done , some of the patents the company had fetched $150mn. Surely the residual patents should have some value which the market is unable to gauge as it did before the Samsung settlement.

The events that are taking place and the way the present Board and the so called future board are behaving are so disgusting and frustrating.

May not be big, but something.

https://www.nanocotechnologies.com/blog/nanoco-and-poe-sign-licensing-and-collaboration-agreement/

A 2,500,000 trade on the 14th April @19.75p reported today. in the LSE.???

I am also one who lost out on this litigation expectations. But then, looking back on the whole issue, who expected in 2020 that we will get $150 mn from Samsung. If we - those in this board and the major shareholders - had the capacity to assess it and risk some capital we need not have paid the funders a whopping $45 mn ( legal costs are estimated @ 10to 15 mn) . That is the level of our risk appetite. So grumbling about the settlement and blaming every one else doesn't make much sense. In fact the Chairman has said in the RNS that they received 3 times that of their lower estimate.
Even now, the market is valuing company at the cash equivalent that we would be getting. No value is attached to the Patents, IP etc which the company have in plenty. It is ridiculous, but then, that is how market operates. We may realise true value only if there is a Take over approach or some major contract wins or big royalty payments. I am positive and hoping something good will happen. GLA

My interpretation of "unlikely " is, in the context of things , is definite. Let us see how it goes.

No way license will be removed. There are number of companies who have been at fault like the ones 888 committed, but ended with fines and warnings. See the Gambling Commissioners website for the number of such cases in the recent past. If they were to remove licenses for these offences there wont be any betting companies would be existing today.
https://www.gamblingcommission.gov.uk/news/
In fact Gibraltor commissioner has said specifically license will not be withdrawn.

Dogger, I am not yet with you. Give some honest views as to why it is going to be over, then I would consider.

https://www.cmcmarkets.com/en-gb/opto/will-betting-stocks-revive-after-a-bumper-super-bowl?opto-email=hide
https://www.ft.com/content/4ae94780-85df-48ff-98f2-7c306a76822e