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Hi guys, glad to see the news just a word of caution with this share as I have a large holding in this and with where markets seem to be heading this could be a dead cat bounce- unfortunately seen it a lot with this share there will be a rise on good news then it will drift off again. Personally going to hold as I have been in my SIPP for as long as I can remember and am going to buy a large amount of shares if this gets to the 2p mark which i have a horrible feeling it will over the next month unless they back up this good news with new material etc. Fingers crossed im wrong and it continues to rise. All my opinion. Stay safe and good luck
Think this is more the market being hammered at the moment and investors taking money out to cover themselves more than anything
Given whats going on in the UK, another 83 coronavirus cases today- think its a matter of time before the UK is shut down like Italy has been, unfortunately think the SP will get worse before it gets better. Looking for funding and finances until April... the virus couldn't have come at a worse time. I have sold all my positions expecting the worst. Will buy back once things calm down. Sincerely good luck all. I have a habit of getting out/ in at the wrong time so doubt funding will be announced and this will rocket tomorrow!
Patience is required here- not a share that is going to multibag overnight- unfortunately it will keep creeping down until news that the cyber attack has been resolved and then funding has been sorted. Once that is the case it should push back to 2p
What price do you think they would come in at if they tried the takeover? I think this share is on the verge of some good news, price being kept low not just by Link but once funding has been sorted this could start to fly
Of course would never invest without doing my own research was just wondering if its worth taking the time to do it haha
It already piqued my interest so you are right will come back Monday and post an independent analysis of pros/ cons of this
Having been in this over 2 years myself I tend to agree that at some point Melody have to take the plunge and go all out. I believe they are still trying to utilise the free marketing aspect of having artists tweet to their followers which is good, but until big artists are released (think Bieber) who tweet to their many millions of die hard fans, there will not be a significant uptick in SP.
This could be because VR adoption hasn't hit the heights they had hoped it would by now, so they are saving the big names for when it will hit more people. I feel like they are waiting for the big push, of releasing big name artist, live shows etc for a specific time, which is when we will probably see a big increase in marketing off the back of it. They have been clever in conserving resources, but I feel like they are almost playing it too safe, if they release a large content of big name artists who subsequently tweet to all there followers, it would increase the Melody users, more people would want to subscribe via o2, and the user base would be sufficient that live shows could be rolled out. Making money takes big risks, and I believe that they are being overly cautious at the moment.
Having said this I do support the management team fully and believe they know what they are doing. It could be that they are waiting for the next generation of headsets before finally taking the plunge but time will tell. GLA and all my opinion.
Patience is a virtue and a necessity with this share. First of all I would like to see more content released, pleased with the o2 subscription tie up but currently can't think anyone would choose Melody over Amazon Prime, if they keep releasing content 5-10 different releases a month it would really get the ball rolling. Feels like they still aren't sure enough of themselves to take the plunge and go all out with live shows for fear of the system not holding up or whatever other reason. I can see the share finishing the year around 10-15p but it will take some good revenue generation before that will happen. So far I am very pleased with the way the company is being run and they are slowly gathering force, just looking forward to them shifting up a gear
IF this is true doesn't mean they will be doing the live concert they may just be there for recording purposes
I have mentioned previously but when i went into the o2 store in the o2 there is a huge wall screen just playing MelodyVR videos, the staff there have a seating area with a headset where I pretended I knew nothing about Melody and they were well informed, got the app up and it was very easy picking a concert, changing points etc. Hopefully that type of service rolls out to smaller stores than they have in the 2 but the footfall they get in there is very high so good exposure
I agree Cunir. It is either going to take a while to get there or he is hoping that they will be very cheap when he comes to take up the option. I can't help but feel that it could have been a bit of desperate negotiating on Melody's part to give him an extra 2 years almost for $1,000,000. The SP seems to be following the same pattern of news making it rise then being smacked down again.
Hopefully a calendar of content could be released showing when gigs/ theatre shows will be on the platform and secondly when live shows will take place. I feel like they are still holding their best cards back waiting for user adoption and they don't want to release their best hands to the smallest audience. Catch 22 as they would gather a very big audience very quickly if they had a live exclusive with Adele for example like they did with Liam. Hoping it will be a good year- would like to see the SP back to 10p in the next 6 months
doubtful- more of a i'm off for christmas post
Or do we put it down to election uncertainty?
Does anyone have any rationale behind the falling SP? Yesterday 0.2 today down similar, would have expected it to be rising on the recent good news, maybe people expected there to be a live show over xmas? tempted to add here