Motive Television (LON:MTV) - Turning point
Aug 23rd 2012 - Edison Investment Research today published a report on Motive Television (MTV.L, LSE:MTV, LON:MTV) entitled "Turning Point". In summary, the report says:
Rising industry interest inMotive’s technologies (branded as Television AnytimeAnywhere)has been slow to come through in contracts. Delays mean a cut in our 2012 estimates. Cash outflow continues short term, but has been stemmed by two equity placings this year, the latest this month.But, recent contracts (with CME and Granite) should mark a turning point, widening acceptance of the technology and increasing confidence in forecasts. The Granite win means our 2013estimates are unchanged. On 2014 estimates, the valuation ranges from0.07p and 0.46p.
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