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1191 Vangorilla Dec 18 2012
1. Last year DSNY generated approx 4m in revenues and earned after G2 expenses approx 500k. Looking at their income statement, it looks like they generate approx $100k a month in free cash flow.
2. The build out of G2 is just about complete so the funds needed for the production should be minimal. With regards to advertising, the CEO said one G2 deal could be valued at more than '12 revenues. I imagine that would be plenty enough cash for any marketing plans they have since their first G2 revenue should come from existing customers (which wouldnt require much marketing).
1195 DoughDiligence
DSNY has over $2 million in cash and receivables as of August.
Their most profitable quarter is Sept-Nov, so they have more cash and receivables now than in August. They are receiving 13,000 per month from the Australian settlement for the next 5.5 years.
While I do not think spending $1 million dollars on share buy backs is wise, I think they can even with the G2 developments.
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1198 commoncentsinvestor Dec 18 2012
Probably the best way to judge a companies decision making ability is to review the decisions the executives have previously made in the same area.
This is from the latest annual report:
"During the year ended August 31, 2011, the Company repurchased 1,106,895 shares at an open market, of which it paid $400,779 for 981,965 shares and $50,076 for 124,930 shares. As of August 31, 2011, the 981,965 shares had been cancelled."
So for the 1,106,895 shares that they repurchased, they paid a total of $451,000. At the moment, those same shares are worth over $708,000. That's a 57% increase in value.
I'd say that was a wise decision.
As for how they can pay for this new repurchase plan, I don't see a problem. They have no long term debt. They have sufficient current assets and cash flow and the great majority of expenses pertaining to development of G2 have been paid for. I also seem to remember reading that they have a substantial line of credit from which they have not drawn anything. And finally, if these new repurchased shares perform as well as the last repurchase plan, the profit involved would go a long way to paying for them.
1207 brooklyn13
Need some help here: trying to figure out the Book Value of a share of DSNY. According to Investopedia, Book Value = Total Shareholder Equity minus Preferred Equity, divided by Total Outstanding Shares.
Destiny doesn't appear to have any Preferred Equity - As of 08.21.12, Destiny had Shareholder Equity of 3,281,000 (Yahoo Finance) with 52.1M Total Shares Outstanding. So that would make Book Value of .06, give or take per share.
What am I getting wrong, please?
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1209 DoughDiligence
That is the Book value that Yahoo calculates.
However, book value reflects only the value of tangible goods of the company.
Technology companies have intellectual properties that have value but are not part of book value calculations; such things as software copyrights, trademarks, and patents.
1218 selinpinar Dec 20 2012
Godot never comes as per play but I meant not long term but today, no messages no change of shares till late. Glad to see that everyone knows Godot, highly internationally educated crowd, very promising. Any comments on attached article that was posted on raging bull board, any pos/neg or no effect for Clipstream G2????
Windows Firefox stiffs Adobe Flash, plays H.264 YouTube vids
Any HTML5 site using patent-heavy codec welcomed
By Gavin Clarke • Get more from this author
Posted in Applications, 20th December 2012 11:23 GMT
Users of the Firefox web browser on Windows can now dump Adobe Flash and still watch H.264-encoded videos online.
Fresh overnight builds of Firefox 20 will now play footage found on HTML5 websites, such as YouTube and Vimeo, that use the patent-encumbered video codec - without the need for Adobe's oft-criticised plugin, which also handles H.264.
The Mozilla Foundation, which makes Firefox, slipped support for the popular video compression standard into beta-test versions of its browser by drilling into Microsoft's Windows Media Foundation, which does the actual H.264 video decoding.
Mozilla is adverse to proprietary codecs because they're typically buried under patents and require a licensing fee. By using the video support built into the operating system, the open-source browser maker can sidestep these constraints.
The codec support is not enabled by default and requires at least Windows Vista, although support isn't there for Windows 8 yet. Official Firefox 20 builds are due to be released in April 2013.
Firefox for Android 4.x already supports H.264, again using the operating system and underlying hardware to decode the video for playback. Mozilla reluctantly added the ability to play the high-definition format on Google's platform in March to compete in the mobile arena.
The organisation had hoped patent-free codecs, such as Google’s VP8, would succeed at the expense of H.264 on the web, but that hasn’t happened. Google bought VP8 in 2009 as WebM from On2 Technologies for $124.6m and released it under a royalty-free licence in May 2010.
However, H.264, which is licensed from the MPEG-LA patent pool, remains the standard for video playback for desktop web browsing and handheld devices.
As Firefox on Android gained support for the codec, Mozilla chief technology officer Brendan Eich wrote at the time: “H.264 is absolutely required right now to compete on mobile. I do not believe that we can reject H.264 content in Firefox on Android or in B2G and survive the shift to mobile." ®
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1221 wvumountaineer78 Dec 21 2012
http://ragingbull.quote.com/mboard/boards.cgi?board=DSNY&read=48485
Great find.
"Mozilla is averse to proprietary codecs because they're typically buried under patents and require a licensing fee"
The key paragraph:
"The organisation had hoped patent-free codecs, such as Google’s VP8, would succeed at the expense of H.264 on the web, but that hasn’t happened. Google bought VP8 in 2009 as WebM from On2 Technologies for $124.6m and released it under a royalty-free licence in May 2010."
Long term DSNY investors should recognize the name On2 Technologies
1272 commoncentsinvestor Jan 2 2013
I think Clarus Securities pretty much hit the nail on the head with this paragraph in their report on Destiny Media:
"Currently the market seems to be only ascribing value
to the Play MPE opportunity. If Play MPE EBITDA
was to reach $3.25M and assuming 12x EBITDA (in line
with the comps), Play MPE would be worth ~$0.75 per
share. Given Clipstream is very close to
commercialization and could have initial contracts in
early 2013, the market is likely to begin to build in
more value for this business unit over the next three
to four months."
That report was written mid October, so 3 to 4 months from then would be mid January to February. We need some positive G2 news in order to set a match to this firecracker.
Anyone who hasn't read the Clarus report should certainly do so:
http://www.dsny.com/news/media/DSY-2012-10-09-ClarusWatchListRR.pdf
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1300 DoughDiligence Jan 4 2013
1309 DoughDiligence
Earnings do not jump when software is launched. Earnings jump after a launch as the bugs are worked out and the sales process ramps up.
It seems investors have forgotten about PlayMPE. Version 5 launched in May. The 4Q reported included May, but the earnings did not jump immediately. Universal Music acquired EMI records in October, so all the EMI labels that were not using PlayMPE may start using PlayMPE. Universal has made PlayMPE their worldwide standard for music distribution, so they are rolling out the use of PlayMPE into more countries every year.
I do not expect a huge jump in earnings due to PlayMPE, but an increase is possible. In the Q4, revenues from independent labels in the US jumped 15-20%. This increase offset the drop in revenues from the decline in Market Research uses of Clipstream G1.
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1320 commoncentsinvestor Jan 7 2013
From Steve Vestergaard:
"The technology requires IE 9 or above as do all the alternatives to Clipstream (HTML 5).
About 12% of internet users use IE 8 or below. For those users, we can autodetect and offer them our old Clipstream. We haven't done that in the Showcase. We expect this 12% figured to decline rapidly as Microsoft is going to be aggressively pushing IE 10 as they need their own users to upgrade to HTML 5."
1324 DoughDiligence
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1325 dmattt334
IE8 is only 12% (25% of 53%) and is going to disappear when IE10 rolls out.
Clipstream will reach 88 percent without the detection and hundred percent with.
1326 DoughDiligence
My post showed IE8 with just under 25% of all browsers. Read the article graphics.
This other reference from pc Magazine says IE8 is 13.7%
http://www.pcmag.com/article2/0,2817,2409768,00.asp
"Windows XP itself, the operating system current enjoys a total market share of around 28.8 percent."
So 28.8 percent of PC users have to use Firefox or Chrome to use Clipstream G2.
It seems that a lot of cash strapped PC users have not upgraded to Windows 7 yet. Whether these users are business users or home users, I do not know.
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1327 dmattt334
You misread your own post. All of the IEs are 53 percent. One quarter of that 53 percent was IE8 three months ago or about thirteen percent.
These are the browsers that support clipstream.
http://caniuse.com/#feat=canvas
1328 iamlong
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1331 iamlong Jan 7 2013
Browser Usage Wiki
Good point re: W3Schools user base not being the typical Mom and Pop YouTube and Google users. Rather I'd consider the W3Schools site visitors as those on a mission to learn about future technologies and likely early adopters of the latest browsers.
On a related note, here is a link to a Wiki on browser usage
http://en.wikipedia.org/wiki/Usage_share_of_web_browsers
1336 commoncentsinvestor
In watching the trading, every day there is a BIG BUYER placing bids through UBSS at around .60. Right now the bid there is 40,000 shares. Yesterday it was 100,000. Most days some of those shares get sold into. Haven't watched it close enough to know the actual numbers, but my guess would be that buyer has picked up maybe about 200,000 shares. Wouldn't surprise me if that was DSNY.
Whoever it is, they are not agressively buying, but rather waiting for the price to come to them. So it is supporting the price but not pushing it up.
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1346 Vangorilla Jan 9 2013
The Internet of Things is really 2 parts. 1. A sensor that delivers information through the Net and 2. the ability to control a physical object over the Net or retrieve info from the physical object.
Some examples, you are driving home and through your mobile phone turn down the AC in your house. Your fridge alerts you when you are out milk. You scan a mole on your arm to determine if it's cancerous.
The earliest form of Internet of Things came with the cameraphone and a bar code. I consulted for Yahoo and Microsoft for this technology.
The BIG money wont be in the sensors or the bar codes (I coined the phrase physical world hyperlinks) but in the 1. ability to resolve a physical world hyperlink and 2. the database that contains the info on the physical world hyperlink. Think of this database as the next generation Internet. EVERY physical object (from a Viagra pill to a healthy blood sugar level) will have its OWN website.
Rather than having to add a barcode, RFID tag to an item, there is technology that can detect ANY physical object's unique machine readable identifier. The technology can detect, diagnose and identify ANY physical object simply by the fingerprint nature gave it.
The How To Find Big Stocks Newsletter has highlighted this technology. I wouldnt include DSNY as a I.O.T player.
1354 Vangorilla
The timing for G2 launch seems too good to be true.
New Java vulnerability
the National Cyber Security Division of the Department of Homeland Security, has issued the following vulnerability note:
Overview – Java 7 Update 10 and earlier contain an unspecified vulnerability that can allow a remote, unauthenticated attacker to execute arbitrary code on a vulnerable system.
How's this for killing your biz?
We recommend that regardless of what browser and operating system you’re using, you should uninstall Java if you don’t need it. If you do need it, use a separate browser when Java is required, and make sure to disable Java in your default browser.
Steve we are ready...
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