Despite the presence on its board as a NED of Matt Earl, the Dark Destroyer, the 15 year AIM sewer career of Mirada (MIRA) is almost at an end. Unable to raise finance on the Casino and disappointed with its share price, though its inability to generate cash and its mountains of debt might just have something to do with it, the Spanish-based media software group is going to delist.
Describing itself as “a leading provider of integrated software and solutions for Digital TV operators and broadcasters”, Mirada (MIRA) has announced results for its half-year ended 30th September 2022 including stating that it “has continued to build on the momentum established in FY22, capitalising on emerging trends and consolidating the widely recognised quality of our products by further embedding our technology within existing customers and expanding our customer base”. So why the release on a ‘no one watching o’clock’ day then?
Previously writing on digital tv technology company Mirada (MIRA) in December I noted net debt of $7.6 million and that some improvement is going to be needed to turn around the balance sheet. The company has now announced that it “has entered into a secured one-year loan facility for up to £3 million... The directors are confident that as a result of its pipeline of potential new customer contracts and the expected revenues from its recently won contracts now being implemented, the company's cashflow position will improve and it will be able to satisfy all debts as they fall due”. Hmmm…
In October I questioned on Mirada (MIRA) shares soar on contract win, but what about that financing needed? Today its CEO Jose Luis Vazquez is “pleased to present the group's interim financial results for the six months ended 30 September 2017”. Hmmm…
Shares in Mirada (MIRA) are currently soaring from just above 1p on the back of a “New Contract Win” announcement. Hang on though, isn’t there currently financing needs by this company?...
On the back of a “New Contract Win” announcement, shares in Mirada (MIRA) are recovering having been heading towards 1p following a trading update earlier this month…
With apologies to my fellow bear Matt Earl, the Dark Destroyer, who is a NED at Mirada (MIRA) but today's trading statement moves swiftly from gushing about jam tomorrow to a a damning admission of the monumental cashburn which leave the balance sheet holed beneath the waterline. It is placing ahoy and for a company of this size that means bucket shops and a deep discount
Previously writing on digital technology company Mirada (MIRA) I concluded that the track record saw me continue to avoid with the shares at 4.25p. I now update with the shares, on the back of a “Trading Update” announcement, currently 33% lower today, at 2.75p...
Having recently been declining, shares in digital technology company Mirada (MIRA) were the top gainer yesterday – up 26% to 4.25p – on the back of a “Trading Statement” announcement. Let’s take a look…
The CEO of provider of software for digital TV Mirada (MIRA), José Luis Vázquez, is “pleased to present the group's financial results for the year ended 31 March 2016”. The shares are though more than 9.5% lower, at 4.75p, in response. Hmmm…
