Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I’ve been here since the 8p pre consolidation days. I don’t think there’s any doubt that Boom will get taken over eventually but you have to acknowledge that there is much global uncertainty at the moment which may cause potential suitors to delay or (has been proved by AAA in the past) to buy on the cheap. Not having a go just trying to encourage healthy debate. Ps. Nothing wrong in taking a profit.
"I think £35 is optimistic in the short term given the share price today is £14.25. "
I've been here since 2014 so the short term isn't an issue for me.
I don't know why you are rating the value of the company on the present share price in light of recent activity, that's what they want you to believe. Still, good for you, if that's what you want.
What bad news has caused the price to drop so spectacularly? Are BOOM suddenly running at a loss? Have they lost a lot of clients? Has the revenue stream dried up? Are the overheads unsustainable?
No to all of them. As I have said, since the latest information things have only improved for BOOM if anything and the full potential of the company is still yet to be realised. Especially in view of the economic situation and BOOM's operating structure.
I think if I had as little faith as you I would have sold the lot. At least then you wouldn't have the worry. There seem to plenty wanting to buy. Why do you suppose that is? Perhaps tomorrow you can have a good day when sells outnumber buys, for once.
Apt name, BTW.
I think £35 is optimistic in the short term given the share price today is £14.25. However finncap last target was £22.50 which wasn’t raised on very good figures last time and Mr Candy’s friends stated that they wouldn’t sell for less than £25. Older news I know. It still relevant. What’s going on? I guess only a couple of people really know so I decided today to take a profit and sold half my modest holding, ready to jump back in at a later date if they drop further.
My guess is I want £35 minimum. It's what was reckoned earlier as value of the company and nothing has changed, or if it has AudioBoom has actually got stronger in the interim.
I will probably vote against anything less. All IMO. I do want to pick up 10,000 at 200p though. I can't afford it at 800p!
My guess is they want £30
We'll only know if it's working when we come to offer price. IMO, let's make no mistake, this is virtually certainly pre-take-over activity, if "they" can get what "they" want.
I think it is working (for us). The amount of buys are the proof of this, they are fighting an uphill battle. We know the value of this company and I think most will not be moved by some derisory offer.
Yeah, they're looking strong at the moment, and with help they can go part of the way.
But it is looking increasingly difficult.
After all, are you "spooked"? I'm damned if I am! All I'm looking for is more buy-in.
The big holders can make huge gains by shorting this, it’s a win win, especially after if it f gets sold. It’s a strange dilemma to be in when some of the largest shareholders are holding stock and wanting to sell high, whilst leading a consortium that wants to buy low. The only way they can make is short it. If I was the CEO I wouldn’t be happy and would buy to try get the herd to follow me. So far it’s not working.
It seems that way. Yesterday buys exceeded sells by 33 per cent, 74,000 sells, 104,000 buys, and the price was driven down by 10 per cent. The same it appears, is happening here today. I've been in this company since 2014, so nothing new here. Personally I believe it is being led by a company driving the price down to put in a ridiculously low bid offer.
This is also what happened to this company in 2014 into 2015 and longer. Partly helped by some inept decisions by Rob Proctor, IMO,It took about 5 years to recover then.
Simply make the most and get in when you think it's at its lowest. I have no idea when that will be but I won't be buying anything above 800p and I'm looking (optimistically) for 200p. Meanwhile I'm sitting on my hands and letting the little savages run riot.
That is simply my new target price. It may never reach it but I have seen more than enough shenanigans here, led by the likes of that winnifrith thing to know anything is possible. And he does have a nasty little chip on his shoulder re: boom.
It dates from when Proctor was supposed to appear at his pizza parlour but he sent somebody else, an idiot director IIRC, and Proctor went to China instead!
Don't forget folks... at some point SHORTS HAVE TO CLOSE!!
There must be lots of short interest in this stock to continuously drive it down.
I’d be even more confident if a few other directors bought as well. But he is such an amazing chairman!
I have this vision of Tobin sat each day at his PC logged in to his Robinhood account….buy! buy! buy! Lol ;-)