Rigger12 Feb 2010 07:42
A few interesting points agree Anna has alot of interest in making this company work and have no doubt she will.Regarding profit from expansion etc this article from Dec is interesting.
"The advertising and software group that enables banks to use their cashpoint machines to advertise their own products and those of third parties has seen revenues rise by 14%, to £2.37 million, but an operating loss widen from £0.63 million in 2008 to £1.14 million in the year to 30 September. Top line growth has been driven by increased media sales, where i-design secures a share of revenues paid by third party advertisers. This on the one hand reflects increased levels of advertising on a per-cashpoint basis and, on the other, reflects the rise in the number of cashpoint machines able to display this advertising.
Crucially, finance director Ian Sunter told Hybridan he believes that growth in these two areas alone would be sufficient to bring the group to breakeven. But the widening losses were driven by a rise in staff costs as the group invests for growth. And the banking crisis continues to affect i-design's performance, with two expected deals with UK banks yet to come to fruition. Any success here, however, could see the group benefit from operational leverage, with top-line growth leading to a disproportionate improvement in the bottom line."
That again was only related to the UK . The American market has been entered with a reseller deal with LD systems http://www.ldsystemsinfo.com/ if you look at the site they are very much into the concept. Australia has not been mentioned by the company although a simple search of google comes up with many references to the fact they are active in that part of the world and news on that front is due soon i believe.
Also the fact recently they have been adding high profile staff to the media side makes me believe the company has very ambitious plans which again they have stated. As for the current sp with £1.6 mill cash and £20k debt and all the expansion going on i feel its very undervalued and i am adding to my holding as and when.This share moves up or down about 20-30% on every 100 000 shares so with good news it will soon get back to a sensible level i feel ...GLA
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