One Media iP has released a robust set of FY21A to 30th October 2021, with an Adj EBITDA of £1.7m (11% YoY increase). This was £0.1m below our forecast, driven by a delay in deployment of capital into new catalogues in FY21. Whilst the past financial year operated under the uncertain market brought about from Covid, the Group continued to consistently acquire catalogues and the pipeline for future acquisitions remains strong. FY22E have been adjusted to account for the delay in the deployment of ....
22 Apr 2022
Cenkos: One Media iP Group Plc -- Favourable upside from catalogue valuation
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Cenkos: One Media iP Group Plc -- Favourable upside from catalogue valuation
One Media iP Group PLC (OMIP:LON) | 4.1 0 0.0% | Mkt Cap: 9.12m
- Published:
22 Apr 2022 -
Author:
Cavendish Research -
Pages:
9
One Media iP has released a robust set of FY21A to 30th October 2021, with an Adj EBITDA of £1.7m (11% YoY increase). This was £0.1m below our forecast, driven by a delay in deployment of capital into new catalogues in FY21. Whilst the past financial year operated under the uncertain market brought about from Covid, the Group continued to consistently acquire catalogues and the pipeline for future acquisitions remains strong. FY22E have been adjusted to account for the delay in the deployment of ....