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Share price growth should be expected as a company begins to show profit. If, the stock wasn't so thinly traded, the share price probably would have gone up over the last year as the company became EBITDA positive.
real off topic but this ticker symbol is real bad ass
Company stock. But, I think WOW would need to have the stock valued much higher than it is currently.
I'm thinking it would be WOW stock for another companies assets plus cash, for a substantial amount of WOW stock.
What do you think they will use to acquire another company -- Also amazing that the sp is valued at half of the current revenues
Right now (subject to change without notice) I am thinking the strategic review is to value the company for the purposes of acquiring a company and getting an equity investment, using the company's stock.
I think the company is capacity limited for growth, as is. Acquiring another company is a way to grow fast. But, WOW, also needs cash reserves, it would reduce (some or all of) the short term borrowing costs, increasing the profitability of the company, with little cost.
WOW has a market cap of about $30 million (Canadian), about $25 million US. That seems really low for a company with revenue of around $60 million (Canadian). It's hard to know how to value WOW, with out guidance, valuing assets, or, how to value the Frederator Network.
If it's a merger, the other company would need large cash reserves. I don't know if any similar sized companies have large cash reserves.
Rickn - Do you think they will merge or try and get the value of the stock higher to have a higher valuation of the company to use that to buy another company?
Something I forgot to mention, when they talked about the strategic review "inorganic growth" was mentioned.
Inorganic growth usually means an acquisition or merger. It's something I had dismissed. WOW doesn't really have the cash to buy any other companies. And, I think, the stock isn't valued high enough.
rickn appreciate the updates -- always check here definitely a shareholder
This article mentions the Castlevania spin-off series, no date given. And, still no official press release from WOW on it either.
https://www.whats-on-netflix.com/coming-soon/netflix-original-series-coming-in-2021-and-beyond-06-2021/
I think something is up. The company seems to be in a "silent running" mode. No guidance, no analysts on the meeting conference call, no press release on the Castlevania spin-off series.
It was a short meeting. I had the feeling I was the only shareholder attending.
Comments made after the formal part of the meeting were :
Company is on track for another great year.
Strategic review is going well.
There were no questions.
Annual meeting, June 17. 11 am Toronto time (which I think is est.)
Richter Belmont is not the son of Sypha and Trevor (if you care about such things). It's been corrected to some later descendant.
https://www.thewrap.com/castlevania-spinoff-series-richter-belmont-maria-renard-netflix/
or
🤣🤣🤣🤣🤣🤣 #Castlevania https://t.co/avA9JVfYul
— Samuel Deats 🌕 (@SamuelDeats) June 11, 2021
‘Castlevania’ Spinoff About Richter Belmont, Maria Renard Ordered at Netflix
https://finance.yahoo.com/entertainment/castlevania-spinoff-richter-belmont-maria-162600745.html
"Castlevania: The Art of the Animated Series", by Frederator Studios.
Hard Cover $39.99 hits the bookshelves August 17, 2021.
Published by Dark Horse Comics
Amazon has it for $35.99
They didn't mention any specific IP (maybe Catbug). They said IP based stuff can seemingly drop in from out of nowhere. There are less than four weeks left in Q2, though.
I would guess they are in talks,based on the lack of guidance. During the conference call, someone asked if WOW's phones were ringing, based on the company exploring strategic alternatives. They declined to answer.
i wonder what kind of their own ip stuff they will be releasing in q2 and if any of the other thoughts that were presented about aquiring or being aquired is on the table
CBC SETS FALL SCHEDULE AND UNVEILS 2021-22 PROGRAMMING SLATE, INCLUDING OVER 35 ORIGINAL SERIES FROM CANADIAN CREATORS
https://www.cbc.ca/mediacentre/press-release/cbc-sets-fall-schedule-and-unveils-2021-22-programming-slate-including-over
UKULELE U About the Show
https://www.cbc.ca/mediacentre/program/ukulele-u
CBC sets fall schedule and unveils 2021-22 programming slate, including over 35 original series from Canadian creators
https://www.tv-eh.com/2021/06/02/cbc-sets-fall-schedule-and-unveils-2021-22-programming-slate-including-over-35-original-series-from-canadian-creators/
About half way down the page:
The conference call was pretty short. It ended well before the market opened. There was only a couple of things I found of interest from the questions.
The backlog is front loaded with the first 6 months being worth more than the last 6 months. The backlog is over 24 to 30 months.
WOW will be releasing their own IP stuff starting in Q2 and moving forward.
WOW! Unlimited Media Announces Financial Results For the First Quarter of 2021
COMPANY REPORTS ITS HIGHEST QUARTERLY NET INCOME TO DATE
https://www.globenewswire.com/news-release/2021/05/27/2237840/0/en/WOW-Unlimited-Media-Announces-Financial-Results-For-the-First-Quarter-of-2021.html
WOW! Unlimited Media to Host First Quarter 2021 Earnings Conference Call
WOW! Unlimited Media Inc. to Present at the Inaugural LD Micro Virtual Conference
https://money.tmx.com/en/quote/WOW/news/7741481372382584
After thinking about this a bit longer, I have a better answer.
I think the companies that would most likely to merge, buy, or sell to are, companies that are either customers or vendors for WOW.
Netflix was/is/will be taking custody of several series from WOW.
Mattel is a longstanding customer (for Barbie animated features/series.
Powerhouse works on Castlevania for WOW.
WOW makes Octonauts for Silvergate (owned by Sony).
Spin Master wants WOW to produce an animated series for them.
Madagascar: A Little Wild, was produced for Dreamworks.
These names were taken out of the press release for the annual report (except for Spin Master, it was named in the CC).
Now, is the strategy in sync with shareholders? Probably, unlocking value is usually good for shareholders. I think the question is, is there value to be unlocked?
I think something like that is possible. If the company has become profitable (looks like it has) the share price is going beyond an inflection point. Revenue for Q1 2021 needs to be at least Q4 2020's, hopefully better, profitability needs to also be better.
WOW looks really cheap for a profitable company.
Q1 results should be out in about a month.
Keep quietly buying this ticker...
glta.
I don't know who they might merge with or be bought by, but, in order to become a lot more profitable, they need access to cash and/or grow in size.
When I first bought in, I thought Genius Brands might buy WOW, to become an in-house animation studio, for their own projects. They would be able to pump animated series/movies out quickly. Genius was looking for accretive acquisition targets, had plenty of cash, and WOW has a low valuation. Genius acquired other stuff.
As I looked at WOW's animated series, I saw more than a few on Netflix. Netflix has been pumping money into producing original content as anime series (Japanese animation studios). I thought Netflix might want to buy WOW and expand it for their own projects. Netflix has started their own animation studio.
WOW is a target for any streaming service that would want to add original animated series to their service, movies studios, and other animation studios (for added capacity). The US part of WOW (Mainframe) does movie/TV special effects.
There are always animation studios on the brink of bankruptcy, maybe they are looking for one of them.
Wonder who they might merge buy or sell too - is the company vested in sync with shareholders so both will profit from strategies?
Good trading volume in Toronto, over 90,000 shares traded.
https://money.tmx.com/en/quote/WOW
Trading not bad in the US.
I'll listen to the call, later. I was late calling in this morning.
WOW! Unlimited Media to Explore Potential Strategic Alternatives Focused on Maximizing Shareholder Value
https://www.globenewswire.com/news-release/2021/04/29/2220274/0/en/WOW-Unlimited-Media-to-Explore-Potential-Strategic-Alternatives-Focused-on-Maximizing-Shareholder-Value.html
Edit
WOW! Unlimited Media Announces Financial Results for the Fiscal Year End 2020
https://finance.yahoo.com/news/wow-unlimited-media-announces-financial-210000202.html
Edit
Q4
Revenue of $20.4 million
EBITDA of $2.0 Million
Operating profit of $810,000 or $0.03/share
For the year 2020
Revenue of $61.1 Million
EBITDA of $2.01 million
Net Loss of 4.966 million
You're welcome. But, you know, as a shareholder, it's in my best interest to disseminate information.
rickn thanks for posting due diligence
WOW! Unlimited Media to Host Fourth Quarter and Full Year 2020 Earnings Conference Call
https://www.globenewswire.com/news-release/2021/04/26/2216862/0/en/WOW-Unlimited-Media-to-Host-Fourth-Quarter-and-Full-Year-2020-Earnings-Conference-Call.html
Conference Call Dial-in Details:
At 9:00 a.m. Eastern Time on Friday, April 30, 2021, the Company will host a conference call featuring management's remarks and a follow-up question and answer period with analysts.
The conference call can be accessed live by dialing (877) 825-9920 five minutes prior to the scheduled start time. The Conference ID is 4282578.
A digital recording of the call will be available for one month (until midnight Eastern Time, May 30, 2021) by dialing (855) 859-2056 or (404) 537-3406 and using the Conference ID 4282578.
WOW! Unlimited Media Announces New Season of Popular Animated Series Castlevania
http://www.digitaljournal.com/pr/5048029
Edit
It's a press release by the company, as opposed to entertainment news (better late, than never).
Yep, I was in REDG. I think it was a (stereo)typical penny stock. If management was (much) better in business, it could have gone much different.
WOW is different. Parts of the company have been around for at least a couple of decades. WOW also produces some good revenue and seems to be heading towards profitability.
The thing to remember with entertainment companies that own IP is, IP is like a lottery ticket. If they are able to resonate the IP with a large enough consumer group, licensing/merchandise revenue can be enormous.
it seems like a very good company with a lot on the agenda and booked for future projects - im just wondering about when we will see some vol -- I remember you from redg rickn23 that was bizarre one -- this one seems much more organized and focused -- we also might be very early to the party from where it is stabilizing
I looked at WOW's Sedar filings. it looks like for the last few years the annual report comes out towards the end of April and the first quarterly report comes out at the end of MAY.
Not sure a Sedar link will work (nothing ventured, nothing gained):
https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00027273
I've noticed size of the bid has increased on WOW, even though trading volume is still near nonexistent.
Edit
The Sedar link appears to work for me. I didn't even have to prove I wasn't a robot.
usually 1q comes out end of april and then with extensions mid may
Volume is low.There hasn't been too many shares available for retail shareholders (about 14% of the 32 million +/- outstanding).
The company really needs to show investors it can make a profit. There is no better time than now.
Annual result should come out at the end of the month and, I think, Q2021 results will be out next month.
its independent in canada so trading will be different volume -- still very low -- price is about same ca versus us dollar value -- pretty much still around zero in volume be interesting when this wakes up
I checked the Toronto Exchange. WOW traded 3,850 shares over there today. That is more than the 1,000 shares trades showing in the US.
https://money.tmx.com/en/quote/WOW
The company has been flirting with being EBITDA positive and has forecast being $3.1 million EBITDA positive for 2020. Depreciation has been high last year and the company has/had incentives. Differences in Canadian accounting and terminology has slowed me down going through the financials.
Business seems to revving up (due to rise of streaming), so it might be heading towards showing a profit.
dont they have loads of receivables to still count or business or is it a losing proposition -- i also noticed that the price is prob staying around this price because there is I believe the price that insiders can buy in is around 50 cents us
It's a really small company that has been losing money. No reason for people to own it. I'm also not sure if all trades are counted. It's a Canadian company listed on the Toronto exchange, so not sure if all those trades show. There is also a small amount of retail shares. Most shares are held by insiders (34%) and institutions (40%).
i dont think ive been in a stock that trades 0 every day but is still so viable as a company before
‘Castlevania’ Ending with 4th Season; Netflix Considering Expanded Universe
https://www.animationmagazine.net/streaming/castlevania-ending-with-4th-season-netflix-considering-expanded-universe/
Edit
Season 4 starts May 13th, ten episodes long. Article mentions new series, same world , new cast of characters.
Netflix Teases Fourth Season of Castlevania Animated Series
https://www.nintendolife.com/news/2021/04/netflix_teases_fourth_season_return_of_castlevania_animated_series
We're back. #Castlevania
we're back. #Castlevania pic.twitter.com/849lLbppRc
— Netflix Geeked (@NetflixGeeked) April 15, 2021
Company's like $WOWMF takes to time develop and time for sp to jump higher.
But, when the time is right?
$WOWMF should be making noises for sure my friend.
Real employees, real revenues, backlogs projects, and expansions going forward.
$WOWMF...
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About WOW!
Frederator | Frederator Networks is Channel Frederator: the world’s largest animation network, Frederator Studios: one of the most successful independent cartoon production company of the past 20 years with hits on Cartoon Network and Nickelodeon, Cartoon Hangover: the home of original programming like Bravest Warriors, Bee & PuppyCat (history’s most backed animation Kickstarter), and 107 Facts. And, the Átomo Network: the world’s first Hispanic animation network, a joint venture with Ánima Estudios in Mexico City. |
Mainframe Studios | Mainframe Studios is a multi-faceted animation studio and one of Canada's largest producers of CG animation. Originally established as Mainframe Entertainment in 1991, the company produced the first-ever CG animated series, ReBoot, and over the course of its 15+ years of innovative history, Mainframe Studios has continued to break new ground in animation. In addition to projects Mainframe has produced with partners and clients including Mattel, Hasbro, Lionsgate and Sony, Mainframe Studios also develops proprietary projects. A number of long format movies and feature films were released under the name of Rainmaker Entertainment, these include Escape from Planet Earth, Ratchet & Clank many others. |
WOW! Unlimited Media Announces Financial Results for the Third Quarter of 2020 https://www.globenewswire.com/news-release/2020/11/26/2134884/0/en/WOW-Unlimited-Media-Announces-Financial-Results-for-the-Third-Quarter-of-2020.html .
32,024,314 weighted shares outstanding per the Q3 2020 earnings report
I'll add convertible debentures later
Website: www.wowunlimited.co
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