TLA Worldwide

TLA: 15.10 0.00 (0.00%)

Delayed:2017-08-18 05:00:06
Bid Price 15.00 High Price 0.00
Ask Price 18.00 Low Price 0.00
Open Price 0.00 Spread 18.18%
Prev Close 16.50 Volume 0.00

TLA Worldwide Share Price Chart

Intraday

Historic - 1 year


TLA Worldwide Share Price Information

Name TLA Worldwide Epic TLA
Sector Media ISIN GB00B68HD384
Activites TLA Worldwide plc is a leading, fully integrated athlete representation and sports marketing company, primarily focused on the sport of baseball and has primary offices in London, New York and Los Angeles. TLA is a leading, fully integrated athlete representation and sports marketing company. The business consists of: athlete representation and talent and sports marketing. TLA will also develop its event creation, ownership and management. TLA's Management and Board hold significant experience in all facets of the sports industry. They will enhance the offering through deal structuring, integration, management of personnel, and value creation in both representation and event properties. Security Type Equity

Key numbers

Latest Share Price (p) 0.00 Net Gearing (%) 47.87
Market Cap (£m) 23.67 Gross Gearing (%) 55.44
Shares in issue (m) 143.43 Debt Ratio 44.13
P/E Ratio -235.71 Debt-to-Equity Ratio 0.64
Divs per share (p) 1.00 Assets / Equity Ratio 2.24
Dividend Yield (%) 0.00 Price to book value 0.64
Dividend Cover 0.00 SROCE (%) 4.24
Earning per share (p) -0.07 EPS Growth (%) -800.00
52-week high / low (p) 57.00 / 15.00 DPS Growth (%) 25.00

TLA Worldwide Broker Views

Date Broker Rec. Price Old target price New target price Notes
27 Apr Numis Under Review 15.10 Under Review
27 Sep Numis Buy 15.10 63.00 Resumes
16 Sep Numis Add 15.10 62.00 67.00 Downgrades
16 Apr Numis Buy 15.10 62.00 62.00 Reiterates
16 Apr Numis Buy 15.10 62.00 62.00 Reiterates

TLA Worldwide Director Deals


TLA Worldwide Company News

TLA Worldwide shares suspended

TLA Worldwide has confirmed that its shares have been suspended from trading on AIM due to the ongoing delay in the audit of the Company's accounts.

As a result, the Company's Annual General Meeting, scheduled for tomorrow, will be adjourned.




At 2:18pm: (LON:TLA) TLA Worldwide share price was 0p at 16.5p



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FTSE advances on resources as Brexit talks begin

Shares in London advanced on Monday as sterling was buffeted by the dollar and Brexit talks between the UK and EU began. Mining stocks advanced strongly thanks to rises in industrial metals prices.

Although gold and silver prices were on the back foot, that for copper was up almost 1%. Three-month prices for tin, zinc and aluminum were doing well, too.

That translated to share-price rises for Glencore (GLEN), up 2.93% to 287.95p, with Anglo American (AAL) adding 1.95% to 986.2p and Rio Tinto (RIO) firming 1.45% to 3088p.

More in the sector chased, but gold-sensitive Randgold (RRS) and Fresnillo (FRES) declined.

The FTSE 100 closed up 60.27 points, or 0.81%, to 7523.81, and the FTSE 250 rose 56.91, or 0.29%, to 19,873.3. Around the same time, Wall St was rising in early deals, while Europe also posted healthy gains.

UK's Brexit secretary, David Davis, and the EU's chief negotiator, Michel Barnier, met in Brussels to begin Brexit negotiations.

Oil majors BP (BP.), up 1.29% to 472.68p, and Shell (RDSA), ahead 0.73% to 2130.5p, gained with crude's pricing this afternoon.

Financials such as insurers and banks were doing well overall, as were leisure, pharma, consumer goods, commercial property and house builders. Not all in these sectors rose.

Meanwhile, Rightmove data showed that UK house and apartment asking prices slipped in June. The average asking price fell 0.4% in June, from a 1.2% rise in May.

In France, President Emmanuel Macron's party won a majority in that country's parliament, which added to the gains on the Cac 40.

LONDON HIGHLIGHTS

Oilex (OEX) gained 48.57% to 0.27p after announcing material progress in the resolution of the outstanding cash calls owing to the Cambay and Bhandut PSCs. It separately requested an immediate trading halt on its Australia-listed shares pending an announcement.

Microsaic Systems (MSYS) down 21.9% to 2.05p, warned its H1 and FY 2017 revenue would be significantly lower than for 2016, but said lower overheads due to cost reduction plans implemented meant its FY pretax loss was seen broadly in line with 2016.

TLA Worldwide (TLA) fell 21.28% to 18.5p after updating on its accounts, noting a total hit to headline EBITDA for FY 2016 of about $3.6m and provisions against trade and other receivables resulting in a one-off charge of about $3.2m.

Mosman Oil & Gas Ltd (MSMN), down 11.11% to 1.4p, has raised £600,000 via a placing and subscription of 42.9m new shares at 1.4p each.

InnovaDerma (IDP), up 7.13% to 383p, said it expected its FY revenue and profits to be well ahead of expectations.

MTI Wireless Edge (MWE), up 8.25% to 26.25p, subsidiary Mottech Water Solutions has agreed to establish a JV company (Mottech China) with Omega Technologies (OTL). Mottech China would be 60% owned by MTI.

Xtract Resources (XTR), up 3.57% to 0.01p, said wholly-owned Mozambique subsidiary Explorator Ltd has concluded a Mining Contractor agreement with Omnia Mining Ltd and Moz Gold Group Ltd for the exploitation of alluvial gold deposits at its Manica mining concession in Mozambique.

Other stocks in the news included Mineral & Financial Investments (MAFL), Ortac Resources (OTC), Sinclair Pharma (SPH), ReNeuron (RENE), CareTech (CTH), Filtronic (FTC), Bonmarche (BON), Workspace (WKP), Avanti Communications (AVN), Custodian REIT (CREI), CyanConnode (CYAN), Premier Technical Services (PTSG), Atlantis Resources (ARL), Velocys (VLS), FastForward Innovations (FFWD), John Laing Environmental Assets (JLEN), Cairn Energy (CNE), Green & Smart (GSH), Integumen (SKIN) and Flowgroup (FLOW).

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TLA Worldwide updates on EBITDA warning

TLA Worldwide warns a previously flagged $2.0m hit to EBITDA in FY 2016 will now be about $3.6m, with provisions against trade and other receivables seen resulting in a one-off charge of about $3.2m to its income statement.

In April, TLA said its FY trading results would be below the board's views due to issues around revenue recognition within the US Sports Marketing division, provisions required against other receivables within the Baseball division and provisions against certain aged trade receivables within the US Sports Marketing division.

"At the time it was believed that these items would have a total adverse impact to Headline EBITDA of approximately $2.0m and would result in a one-off charge within the range $1.5m-$2.5m," said TLA in a statement.

"Additional work has been undertaken as a result of the ongoing audit and the Group is disappointed to report that the adjustments in relation to the above items are expected to be larger than initially anticipated," it added.

"As a result of the corrections to revenue, cost and profit recognition, the total adverse impact to Headline EBITDA for FY 2016 is expected to be $3.6m and provisions against trade and other receivables are expected to result in a one-off charge of approximately $3.2m to the group's income statement."

TLA said these various accounting adjustments did not have a cash impact on the group and that its net debt position remained unchanged at $21.8m as at 31 December 2016.




At 9:44am: (LON:TLA) TLA Worldwide share price was -5p at 18.5p



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FTSE firms on miners, supermarkets as GBP rises

London stocks are firming despite notable spikes in the value of sterling against both the dollar and euro, and as investors generally welcomed a string of off-diary corporate news from mid-cap and AIM-quoted companies.

A short time after the opening bell, the FTSE 100 was up 57.48 points, or 0.77%, to 7521.02, while the FTSE 250 was up 58.17, or 0.29%, to 19,874.6. Shares in Europe were also gaining, following on from a broadly positive Wall St on Friday and Asia gains this morning.

Crude prices were down, as were those for gold and silver. Industrial-favourite copper was rising. This benefited miners with Anglo American (AAL) up 1.54% to 982.15p and Antofagasta (ANTO) adding 1.54% to 792p. Also up were Rio Tinto (RIO) and Glencore (GLEN).

Gold-sensitive miners Randgold (RRS), down 0.77% to 7070p, and Fresnillo (FRES), down 0.13% to 1545p, were notable among the 12 blue chips falling. Oilies were gaining. BP (BP.) added 1.07% to 471.65p, while Shell (RDSA) improved 1.05% to 2137.25p.

Supermarkets were appreciating, too. M&S (MKS) added 1.8% to 351.4p, while Morrison (MRW) rose 1.15% to 245.4p and Sainsbury (SBRY) gained 1.09% to 255.05p. Banks, insurers, consumer goods, property and utilities all figured among the long list of blue-chip winners.

BIGGER MOVERS

Oilex (OEX) gained 22.86% to 0.21p after announcing material progress in the resolution of the outstanding cash calls owing to the Cambay and Bhandut PSCs. It separately requested an immediate trading halt on its Australia-listed shares pending an announcement.

Microsaic Systems (MSYS) down 20.95% to 2.08p, warned its H1 and FY 2017 revenue would be significantly lower than for 2016, but said lower overheads due to cost reduction plans implemented meant its FY pretax loss was seen broadly in line with 2016.

TLA Worldwide (TLA) fell 17.02% to 19.5p after updating on its accounts, noting a total hit to headline EBITDA for FY 2016 of about $3.6m and provisions against trade and other receivables resulting in a one-off charge of about $3.2m.

LONDON HIGHLIGHTS

Mineral & Financial Investments (MAFL), up 15.7% to 17.5p, has issued drill results from its 49%-owned subsidiary, TH Crestgate GmbH, a private Swiss-based investment company. "This hole is a very positive and hugely encouraging first hole," it said.

Mosman Oil & Gas Ltd (MSMN), down 11.11% to 1.4p, has raised £600,000 via a placing and subscription of 42.9m new shares at 1.4p each.

Xtract Resources (XTR), up 10.7% to 0.02p, said wholly-owned Mozambique subsidiary Explorator Ltd has concluded a Mining Contractor agreement with Omnia Mining Ltd and Moz Gold Group Ltd for the exploitation of alluvial gold deposits at its Manica mining concession in Mozambique.

Ortac Resources (OTC), up 7.69% to 3.5p, has provided an update on its investment in Casa Mining Ltd, a private company developing the Misisi gold project in the Democratic Republic of the Congo (DRC).

InnovaDerma (IDP), up 7.69% to 385p, said it expected its FY revenue and profits to be well ahead of expectations. Sinclair Pharma (SPH), up 4.6% to 31.38p, has acquired the Refine Support System for a total consideration of up to $11.3m including regulatory and sales based milestones and royalties.

ReNeuron (RENE), up 6.85% to 1.95p, said the US FDA has approved the cryopreserved formulation of its human retinal progenitor cell therapeutic candidate, and noted it had now started treating patients with this formulation in its ongoing US Phase I/II study clinical trial in retinitis pigmentosa patients.

MTI Wireless Edge (MWE), up 4.12% to 25.25p, subsidiary Mottech Water Solutions has agreed to establish a JV company (Mottech China) with Omega Technologies (OTL). Mottech China would be 60% owned by MTI.

Other stocks in the news included CareTech (CTH), Filtronic (FTC), Bonmarche (BON), Workspace (WKP), Avanti Communications (AVN), Custodian REIT (CREI), CyanConnode (CYAN), Premier Technical Services (PTSG), Atlantis Resources (ARL), Velocys (VLS), FastForward Innovations (FFWD), John Laing Environmental Assets (JLEN), Cairn Energy (CNE), Green & Smart (GSH), Integumen (SKIN) and Flowgroup (FLOW).



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TLA Worldwide

TLA Worldwide has confirmed that it intends to announce its full year results for the year ended 31 December 2016 on 30 June.




At 3:00pm: (LON:TLA) TLA Worldwide share price was -1.25p at 26.5p



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