Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
(Audio) BOOM
And lots of director buys
Bought in 169. Interesting placing is 30% above that.
Ive been in Boom over 10 years as with a lot of shares like MBT and other Akers ideas. Some you win some you lose. Dont ask me about Ritorno! Still I have bought another load today at £1.63 as having monitored these thats about the lowest that Ive seen them for a while so for me its a case of lowering my average to what is now £2.35. I rarely comment on stocks but its nice to see a thread going on here. I feel that with Tobin and others buying at a much higher price it would be sensible to buy more sub £1.70 and hold.
All,
Without the possibility of a sale in the background, what needs to happen for this to go up to 3 or 4 quid.
Despite good revenue numbers this has just drifted around for a number of years - the only catalysts I see are further major purchase by candy or the new Singapore investors, a write up by someone like Simon thompson, or a completely new investor such as n investment trust building a stake.
Losing Less - no company even if it's an easy purchase (your Spotify example) will buy at £4-6 if the price is 190p. They don't want to publicly look like the overpaid on the sp. The problem was the difference between the price and what the management were willing to sell for I expect. The Chairman made a few buys this week. Is he misguided? Key shareholders with significant sums invested seem to see a bright future for Boom (covid or not) and a much higher price ( the latest bought in at 225 and also has a good track record?). It's rarely a good strategy to invest on the basis of sell speculation. If one believes in the mid to long term opportunity buy or hold, if not, sell. Tis the game.
Pete -
People may be listening to more podcasts, however money is made by advertising.
If the adverts are not turning into sales as many have no spare cash or are not spending due to uncertainty then BOOMs income will fall.
The idea that BOOM is covid proof is very misguided.
I see we finished up 10% today but LSE not showing the later trades and price movement for some reason
Bought in. Looks severely undervalued
hoping this low price is just covid panic selling and nothing more , there are a lot of quality company's out there where the share price is down by 20-40% .
losingless - i know where you are coming from ,like you i do wonder if they are ever going to make any money and have considered selling up and moving on , but after 5 years plus ,selling now i feel would be a mistake ,if anything i think covid has helped the business with people at home bored out of there brains ,so i am giving them 12 months if still no profit then i too will be selling up
They clearly think they are worth much more than the rest of the market does.
£4/share or say £6/share is neither here nor there for say Spotify who are seeing great value in podcasts but are not interesting to acquiring BOOM, if they did, they would.
Really surprised where the price is at the moment, as with a lot of the smaller companies I follow which appear to have great potential virtually zero interest at present.
As I said a week or two ago would have taken 4 quid here, which from insiders on the board was on offer.
Tobin buying to keep the price up (matching those big sells).
It is a **** show at the moment.
PR/IR is utterly non existent.
40% down from the placing price.
Come Rob P all is forgiven
HH,
How much profit do you expect BOOM to be making and how quickly will it rise?
Many tech companies do become more valuable as they become profitable, obviously.
The concern with BOOM is that it's cost of sales vs revenue seem closely linked, hence it is yet to be seen how scalable the business is.
They have had some great growth yet the only offer to but the company is based on a rumour by someone on ADVFN who has now sold by all accounts. What does that tell you?
You seem very blinkered.
I have been here for a long time, way more than most, believe me, I have often felt bullish, yet nothing happens.
Unless Q4 shows a vast change and clear path to making some cash I will be gone for good.
" ... I see the next quarter being very close to break even. ..."
I agree Will.
And the move from losses to profitability is typically a very value-enhancing event for media-tech companies.
" ... They have created new podcasts and seem to be targeting an audience I don't think they previously did. It only takes one of these podcasts to take off and things would change quickly. In fact the key is probably to keep creating new content and hope that one of them becomes a huge success in the US. ..."
Will,
In that case, BOOM's 7th. October RNS is very encouraging:
7th Oct 2020 7:00 am RNS Strategic Partnership and New Original Content
" ..Audioboom also announces a new slate of original content launching across autumn, as it continues to focus on the growth of its production business.
New to the Audioboom Originals Network are:
- Baby Mamas No Drama which premiered on 29 September. Hosted by stars of Teen Mom 2, Kail Lowry and Vee Rivera, the show has become an immediate hit, reaching number 1 on the Apple Podcast chart;
- Because Mom Said So featuring the stars of hit US reality show Dance Moms which launches on 8 October; and
- Raising A Pro, a sports show hosted by ESPN correspondent and NFL mom Annie Apple, premiering 6 November. ..."
https://www.lse.co.uk/rns/BOOM/strategic-partnership-and-new-original-content-hik6znk34azem0i.html
Pet.
There is a real difference between diluting as below current share price and diluting paying a premium - where you own less of a higher market valuation and you share should be worth more.
I saw the involvement positively.
Agree the stupid takeover attempt and payment to pull out left most shareholders, including mys elf, on the intelligence And integrity of the board. Hopefully they will stop mucking about on stupid mba type rubbish and focus on delivery.
Losingless i feel your pain , like you iv been in and out of this share over 6 years and iv lost count on how many times we the shareholder have been told this time next year (rodney) break even at 10 million ,then 20 million now it looks like we need 30 million , and every time the board says no more dilution well its actually 5 times since two years ago we were promised no more dilution . newbee's take note this 3.5 million is not an investment but yet another dilution
however i do think the company is moving in the right direction as iv said about a year ago i just wish the board would be honest enough to say look we are not going to make any money for a couple of years while we land grab and stop making promises it simply can not keep.
the main reason the share price is not going any where is because of its past history , the board has to prove it has a working model and the only way it can do that is to turn the corner and start posting a profit until then the share price will just plod along .
while this injection of 3.5 million was seen as a positive step in the right direction , the market saw it as just another dilution,
yes the share price rose for a few days then all the gains ebbed away over the next few days
people will think well these investors must know something we don't to invest such a large sum of money , but for these kind of investors 3.5 million is pocket change , but they paid a great premium err no !!! they didn't , it was just an easy way of buying a 10% stake in this company without all the fuss of having the drip buy 10% and end up with a share price at about £2.40 , buyer happy company happy with an investment of 3.5 million , the only people not happy are shareholder we have been diluted by 10% and the share price is still the same . sorry should say we are happy as the share price is still the same ,as usually after a dilution the price is about 10% less than the dilution price ,oh wait it is !!!
good luck everybody -this time next year rodders
"1 - being saying that for 2 years (cost of sales is too high to make big profits it seems)"
Really?
Here are the figures from two years ago:
4th Oct 2018 7:00 am RNS Trading Update
" ... Record revenue for the quarter ended 31 August 2018 in excess of $2.4m, up 14% on Q2 2018 and 26% up on Q3 2017
... The adjusted EBITDA loss before exceptional items (being costs of the Triton transaction and corporate restructuring) for the 13 months ending 31 December 2018 is expected to be between US$4.5m and US$5.5m (12 months ended 30 November 2017: EBITDA loss before exceptional items of US$5.7m). ..."
https://www.lse.co.uk/rns/BOOM/trading-update-v5pdhn4cjncsu5n.html
Compare that to now:
14th Oct 2020 7:00 am RNS Trading Update, Conclusion of FSP and Subscription
" ... Q3 2020 revenue of approximately US$6.5 million, up 15% on Q3 2019 (US$5.7 million) and up 19% on Q2 2020 (US$5.4 million).
... Adjusted EBITDA** loss in Q3 of US$0.4 million represents an improvement of 59% on Q3 2019 (US$1.0 million loss). Year to date loss improved 32% to US$1.6 million (nine months to 30 September 2020: US$2.4 million loss) ..."
https://www.lse.co.uk/rns/BOOM/trading-update-conclusion-of-fsp-and-subscription-4txubdayuii47gk.html
"2 - How much have BOOM burnt to date? What is the pay back for that?"
The Audioboom business has cost £10 of millions of equity to build up over the last decade, which is indicative of the immense inherent value here compared to the current market cap.
This can be indicative of a bargain in investing.
"3 - Have the revenues got significantly better during lock down? Comparing to spotify and thinking that reflects on BOOM is incredibly naive"
Really?
I posted this on ADVFN on 10th. October, four days before BOOM's record trading update:
"... And note how well the Spotify share price has performed this year.
... That's a reflection of how online providers have tended to benefit during the current pandemic, and of how online advertising has recovered during H2.
And that bodes very well for BOOM's imminent trading update ..."
Far from being naive, it enable me to accurately predict the positive update.
HH100
The directors have been buying for a long time at higher prices only to see it drop further. Stuart not putting has hand in his pocket afaik
1 - being saying that for 2 years (cost of sales is too high to make big profits it seems)
2 - How much have BOOM burnt to date? What is the pay back for that?
3 - Have the revenues got significantly better during lock down? Comparing to spotify and thinking that reflects on BOOM is incredibly naive
4 - The opportunity to sell at multiples was open for 8 months - how did that go what were the offers (Ignore the BS rumours)
I have been positive on BOOM for a very long time but patience is running out
There seem to be plenty of people willing to buy at these prices, including the directors.
Not surprising , as there are some big bull points here, including:
1. BOOM IS closing in strongly on profitability.
Annualised revenue is U$26 million (£20.15M.), and growing strongly.
Annualised adjusted EBITDA loss is US$1.6 million (£1.24M.), and falling rapidly.
It shouldn't take much more growth like this to move the company into profit.
2. BOOM is very well-funded, after the new £3.15M. strategic investment at 225p per share, to help fuel growth.
The fact that 192 were keen to invest over £3M. into BOOM, out of all the companies in the world, at such a big premium, shows how shows how undervalued this is.
And look at 192's success in choosing multibaggers.
3. BOOM is lockdown-resiliant, and if anything should benefit from increased activity online in lockdown.
Note how well the Spotify share price has performed this year.
That's a reflection of how online providers have tended to benefit during the current pandemic, and of how online advertising has recovered during H2.
Investors should gradually wake up to the potential here as a pandemic play.
4. The icing on the cake: likely takeover of BOOM in due course at multiples of the current share price.