Active TopicsActive Topics  Display List of Forum MembersMemberlist  CalendarCalendar  Search The ForumSearch  HelpHelp
  RegisterRegister  LoginLogin

Stock Synopsis
 The Equity Desk Forum :Investment Ideas - Creating winning portfolios! :Stock Synopsis
Message Icon Topic: LGS global - Ybrant digital reverse merger Post Reply Post New Topic
<< Prev Page  of 2
Author Message
subu76
Senior Member
Senior Member


Joined: 25/Feb/2008
Online Status: Offline
Posts: 5709
Quote subu76 Replybullet Posted: 12/Nov/2011 at 5:37pm
Do you know if they had actually bought inmobi?
 
I see that inmobi had been funded by Kleiner Perkins. That definitely sounds creditable.
 
Given this why enter the stock market surreptitiously via a non descript company? Confused 
 
Also, wonder which banks are funding the loan
 
The claim about being the second largest mobile ad network (after Google) does not seem right to me for sure. Smile


Edited by subu76 - 12/Nov/2011 at 6:18pm
IP IP Logged
srisaurabh2000
Senior Member
Senior Member


Joined: 10/Dec/2009
Online Status: Offline
Posts: 397
Quote srisaurabh2000 Replybullet Posted: 12/Nov/2011 at 8:06pm
No inmobi has not been bought. I gave those figures for comparison with Ybrant. Inmobi is one of the poster boys of Indian digital success. They claim that they are largest after google in mobile ad space and also they are the largest independant mobile ad network - http://www.inmobi.com/company/.

Ybrant came later to the mobile digital ad network. But they are well entrenched in the web ad network with quiet prominent clients and ad agencies as clients.

The point I was making is that inmobi has got a valuation of USD 1b. Ybrant based on CMP already is at USD 1b (considering 500m+ shares at Rs. 100+). How would the market value them?

True reverse merger in most cases are suspect. But then there are cos. like Arshiya International who have taken this route. My sense is reverse merger is a faster option than IPO and also avoids some procedural hassles. Obviously the rogue cos. use it for other nefarious purposes.








Edited by srisaurabh2000 - 12/Nov/2011 at 8:08pm
IP IP Logged
photon
Senior Member
Senior Member
Avatar

Joined: 10/Jun/2010
Online Status: Offline
Posts: 275
Quote photon Replybullet Posted: 13/Nov/2011 at 3:06pm
Originally posted by srisaurabh2000


No inmobi has not been bought. I gave those figures for comparison with Ybrant. Inmobi is one of the poster boys of Indian digital success. They claim that they are largest after google in mobile ad space and also they are the largest independant mobile ad network - http://www.inmobi.com/company/.


My 2 cents : Takes such claims with heap of salt.
1. What is the metric of comparisons here - Revenue or Impressions ? An ad network is only as valuable as the inventory (page views) it has. Inmobi is likely to have huge inventory in markets like India, Indonesia and other similar markets, which is far less valuable than that of other markets.

2. "Independent ad network" : A while ago all the biggies (Google, Apple) went ahead and bough some large mobile ad networks (Admob etc) which left them one of the large network which was not sold.

Coming back to LGS : The ad network play is either of two:
1. Inventory - Lock-in over premium websites/pages : Here it is a mercenary market, unless someone owns or have a long term agreement with a website - the websites just go to the ad network which will generate best revenue.

2. Technology - How well you monetize an ad impression: Likes of Google, Facebook, Microsoft are far ahead in the game than most.

So, at a $1B valuation I'll not want to touch this with a long long pole !

IP IP Logged
srisaurabh2000
Senior Member
Senior Member


Joined: 10/Dec/2009
Online Status: Offline
Posts: 397
Quote srisaurabh2000 Replybullet Posted: 13/Nov/2011 at 10:40pm
1. My sense is that would be based on impressions.
Inmobi is much more a global player. They started in US only last year and done well. That is probably one of the reasons the valuation has jumped significantly from last year. And from what I hear they are hiring previous google head in Europe and previous Microsoft head in Japan.

Admob,iAds were more  US players when they were bought which has been a dominant market. Admob was sold at $750m so obviously this would have led to rise in valuation of inmobi. Milennium media is coming with an IPO next yr. at $700m.

For LGS,
1. They have tie ups with big brands over the world and also prominent ad agencies and have 2000 clients. They also have 1500 plus publishers including Facebook, google etc. and one of highest advertisers on Facebook. In Latin america they had acquired dream ad which does exclusive sales house for Microsoft Advertising.

2. It is a USD 68b industry which can grow to 100b by 2015. And anyways LGS uses all the prominent publishers so they should be better placed.

Agree on the valuation part as this is speculative and as I mentioned that this is only a trading bet. There is no point in buying at this price and without Ybrant's financials avlb.



Edited by srisaurabh2000 - 13/Nov/2011 at 10:59pm
IP IP Logged
arebaba
Groupie
Groupie


Joined: 21/Aug/2010
Online Status: Offline
Posts: 26
Quote arebaba Replybullet Posted: 10/Feb/2012 at 2:10pm
Does anyone know when the merger will be completed and new shares start trading? Tx
IP IP Logged
srisaurabh2000
Senior Member
Senior Member


Joined: 10/Dec/2009
Online Status: Offline
Posts: 397
Quote srisaurabh2000 Replybullet Posted: 10/Feb/2012 at 11:02pm
Originally posted by arebaba

Does anyone know when the merger will be completed and new shares start trading? Tx


Don't think these dates have been indicated yet.

IP IP Logged
arebaba
Groupie
Groupie


Joined: 21/Aug/2010
Online Status: Offline
Posts: 26
Quote arebaba Replybullet Posted: 17/May/2012 at 7:30pm
I own Ybrant shares and am unable to get information on when they will be listed from the company. Do you have any information on the time line> Tx
IP IP Logged
<< Prev Page  of 2
Post Reply Post New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum



This page was generated in 0.047 seconds.
Bookmark this Page