Mirada (MIRA) has announced 28 million new shares have been conditionally placed at 12.5p each to raise a gross £3.5 million (net £3.3 million). We are angry about certain matters but the shares are cheap.
The HotStockRockets team tipped AIM listed provider of products and services to deliver interactive TV, Video-on-Demand, digital marketing and payment services, Mirada (MIRA) at an 11.75p offer price on February 28. The shares are now 14.75-15.25p but are still cheap. A meeting with management last week made us more confident than ever. Buy.
A director tipping out 400,000 shares rarely does anything good for the share price. The chap may not be central to the operation, he may retain the vast majority of his holding but investors rarely read it well. That happened last week at Mirada (MIRA), the shares have slipped back to 15.25p and it is a chance for you to buy.
Provider of products and services to deliver interactive TV, Video-on-Demand, digital marketing and payment services, Mirada plc (MIRA) has announced that, following a successful trial, “it has secured a major contract for its multiscreen product, iris, with a large established Latin American digital TV operator”. There is also news in a separate update that for the year ended 31st March 2014 the company “expects to improve the EBITDA and net results” but it is the potential of the contract it has secured which is the major news today and the following updates our stance on this winning share tip after a chat with CEO Jose Luis Vazquez.
Tom Winnifrith met up with Jose Vasquez, the CEO of Mirada (MIRA) earlier this week and recorded this video.
Dear Readers, at present, investors are faced with a fully inflated bull market and that reduces the number of 'low risk' tech plays for investors to chase. You therefore need to read in between the lines. Don't just look at the historic bottom and top line, but look at forecast profits and if there is potential for profit-beating. Investors who are more risk inclined will even look at companies that don't have broker forecasts.
We tipped this stock to our members a couple of weeks ago at an 11.75p offer a couple of weeks ago on HotStockRockets. It is now 12.5p-13p but there is a long way to go. It is still a buy.
