Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Mirriad Advertising ( (GB:MIRI) ) has provided an announcement.
Mirriad Advertising plc has been placed into administration after its directors determined that key supplier and employee contracts, and associated liabilities, sit with the listed parent rather than only its UK operating subsidiary, Mirriad Limited, which entered administration in April. Philip Reynolds of FRP Advisory and Robert Ferne of Begbies Traynor have been appointed joint administrators, tasked with managing the company’s remaining assets and liabilities, including the realisation of its intangible assets.
The administrators aim to conduct an orderly process that could see Mirriad exit administration on a solvent basis and return control to the board if creditors are repaid in full. However, they caution there is no guarantee of sufficient recoveries, with any residual value after creditor claims and costs potentially leaving little or nothing for shareholders, whose AIM-listed shares remain suspended and who will no longer be able to vote at the previously requisitioned general meeting.
Spark’s Take on MIRI Stock
According to Spark, TipRanks’ AI Analyst, MIRI is a Neutral.
The score is driven primarily by weak financial performance: sharp revenue contraction, very large losses, and significant ongoing cash burn with balance sheet erosion. With no usable technical indicators and limited valuation signals (negative P/E and no dividend yield provided), there are few offsets to the financial risks.
To see Spark’s full report on MIRI stock, click here.
More about Mirriad Advertising
Mirriad Advertising is a U.K.-based advertising technology company that specialises in virtual product placement and in-content advertising solutions. The group works with media owners, advertisers and agencies to integrate branded content into video and other media, with a focus on leveraging its intangible assets and IP in the digital advertising and media sectors.
Technical Sentiment Signal: Strong Sell
Current Market Cap: £409.7K
For a thorough assessment of MIRI stock, go to TipRanks’ Stock Analysis page.