One Media IP Group (OMIP)

Sector:

Media

Index:

FTSE AIM All-Share

3.91p
   
  • Change Today:
    -0.086p
  • 52 Week High: 7.13
  • 52 Week Low: 3.90
  • Currency: UK Pounds
  • Shares Issued: 222.45m
  • Volume: 0
  • Market Cap: £8.71m
  • RiskGrade: 202

One Media iP's core business trades in line with expectations

By Iain Gilbert

Date: Friday 06 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Digital media content group One Media iP said on Friday that its core business had traded in line with expectations against a "positive industry backdrop".
One Media stated its core business of "music exploitation" continued to perform in line with expectations, with the group now expecting to see full-year revenues of roughly £5.1m, reflecting year-on-year revenue growth of approximately 16%, and underlying earnings of about £1.8m.

"The outlook for the music industry, despite wider market challenges, remains on a strong and positive growth trajectory," said One Media.

The AIM-listed group also reported that its anti-piracy Software-as-a-Services subsidiary, TCAT, had signed additional industry contracts and trials for its proprietary software and was continuing to "gain traction internationally" with both major and independent labels. One Media said it will continue to use its cash resources to invest in TCAT's operations.

Chief executive Michael Infante said: "We are pleased to be on course to deliver results that are in line with expectations, including double-digit revenue growth. The board's decision, which was made alongside our major shareholders and advisors, not to progress with external funding options for TCAT at this particular time is based on a thorough assessment of its future potential.

" Having come through that process and against the positive trajectory of the industry backdrop, we believe that One Media has more to gain by investing into the next stage of TCAT's growth and exploring the strategic options available to realise value creation further down the line."

As of 1040 GMT, One Media shares were up 4.62% at 6.80p.



Reporting by Iain Gilbert at Sharecst.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

OMIP Market Data

Currency UK Pounds
Share Price 3.91p
Change Today -0.086p
% Change -2.14 %
52 Week High 7.13
52 Week Low 3.90
Volume 0
Shares Issued 222.45m
Market Cap £8.71m
RiskGrade 202

OMIP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.49% below the market average58.49% below the market average58.49% below the market average58.49% below the market average58.49% below the market average
54.55% below the sector average54.55% below the sector average54.55% below the sector average54.55% below the sector average54.55% below the sector average
Price Trend
61.14% below the market average61.14% below the market average61.14% below the market average61.14% below the market average61.14% below the market average
57.45% below the sector average57.45% below the sector average57.45% below the sector average57.45% below the sector average57.45% below the sector average
Income
1.26% above the market average1.26% above the market average1.26% above the market average1.26% above the market average1.26% above the market average
5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average5.26% below the sector average
Growth
99.57% above the market average99.57% above the market average99.57% above the market average99.57% above the market average99.57% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

OMIP Dividends

  Latest Previous
  Final Final
Ex-Div 06-Apr-23 05-May-22
Paid 26-May-23 10-Jun-22
Amount 0.055p 0.055p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

OMIP Key Personnel

CEO Michael Infante
Finance Director Steve Gunning

Top of Page