Imperial Music and Media, the music investment company, posted maiden sales of £300 for the six months to 31st July 2011 but a pre-tax loss of £65,363. The balance sheet showed net cash of £104,094 and net assets of £94.439. The numbers however are of little importance at this early stage of the company’s life.

During the period first signing Patricia Hammond worked on her debut EP with the company, entitled ‘A Nice Cup of Tea’. This was released on 23rd October and the group is now stepping up PR efforts for Hammond’s newly recorded debut album ‘Our Lovely Day’, to be released on 14th November. Following the period end Imperial signed its second act, the folk band Skinny Lister. The deal provides multiple rights including recording, publishing, live and merchandise for one album, with an option to license a second album. Imperial is expected to make a further announcement in the near future regarding other opportunities.

Currently trading at 0.95p, Imperial Music and Media is capitalised at £3.7 million. The shares have performed stunningly since IPO in June 2010, rising from the admission price of 0.1p – an 850% gain. We put this performance mainly down to investors being attracted by the group’s experienced management team. Managing Director Nathan Graves has more than 20 years’ experience in the music industry, with a career highlight being the signing of "jazz man" Jamie Cullum, who since 2003 has sold over 4.5 million albums. That said, there is one hell of a management premium here and Imperial has to go on to prove that it can successfully deliver on the operations side. The shares are a " highly speculative buy".

* Imperial Music & Media is a corporate client of Rivington Street Holdings, the ultimate owner of UnQuoted-Analyst.