Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. 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.
Well yes, correct haha
i recon the mgt is sick to death of all this shareholder ****e and silly moves. the want a good 6mths and i recon they will actively try and sell this. its the only way to extract proper shareholder value coz the mkt is never gonna give it a proper chance after the shambles of the ramp/deramp a few years back
You did not buy another 5k Zak, you bought back what you sold 😜haha
But for full disclosure I sold 5k at 320p last week....that's trading
It is only fair to blame them for buying as well Zak haha
2024 is set to be a record year for Audioboom, and - as I highlight in our Q1 2024 Trading Update, released today - we are perfectly positioned to achieve these goals after positive trading in the first 3 months of 2024 in which we delivered revenue of US$17.1 million (up 11% on Q1 2023: US$15.4 million) and adjusted EBITDA profit of US$0.1 million. I expect the revenue growth rate to accelerate through upcoming quarters, and EBITDA profit to grow accordingly.
I am buoyed by the US$55 million of advertising that we currently have booked for the year. This compares with the US$50 million booked at the same stage last year but, in relative terms, we are even further ahead, as in 2023 approximately US$7 million of advertising campaigns were cancelled between April and September due to ad market deterioration.
In 2024 our main investment will be into our sales operation, specifically the growth of our brand awareness team tasked with bringing a new group of blue-chip customers to Audiobooom. We recently announced the hiring of 2 key executives - Shaun Wilson, formerly of Sony Entertainment and Spotify, in the role of Head of UK Sales and Molly Harvey, formerly of SiriusXM and CBS Radio in the role of Vice President of Brand Sales.
Operationally 2024 has started well. In January we hit a new record user number with 38.6 million unique listeners downloading content from Audioboom. Our creator network continues to grow with recently announced new signings including Pretty X Unfiltered, Soder, BDA with Katherine Schwarzenegger, Omnibus, Do We Know Them? and George Conway Explains It All To Sarah Longwell expected to add more than 4 million downloads to the network each month. Our pipeline of new business remains strong, and we expect to convert this opportunity to new podcaster partnerships throughout the year.
We continue to focus on the core operational improvements we initiated last year. Alongside the growth of our brand advertising unit and expansion of our creator network, the upward momentum of Showcase, the further exploitation of advertising inventory levels, and the continued growth of our Sonic brand platform, we are forecasting record revenue in 2024.
Record revenue, combined with the improved podcaster revenue shares and removal of more than US$5 million of minimum guarantee obligations through contract restructuring, is expected to take us back to a position of EBITDA profitability for the full year and as a Board, look to the future with confidence.
We are committed to delivering these financial goals despite still operating in a weakened advertising market. Any meaningful recovery in the ad market would bring further upside.
Lol he is only looking for clout from me.
If he does not see value at 310, it is best to ignore him.
BearHunter....he's calling u a ramper...hehe...NENER haha. Joking aside. These numbers were decent and they were always gonna pull back after last weeks ramp but my question is this. Where does all this volume come from? 303k already. That's its biggest since November. It always concerns me who's doing the selling coz I'm pretty sure it isn't any of us. U know the people I'm gonna blame don't ya.
If it gets to 235 I'll join you.
Still not sure about using a 'number of employees' metric to justify market cap though....
Am really glad I didn't take your advice to fill my boots at 310p. So many pathetic rampers on here. May consider buying at 235p this week.
It is the trajectory that is important.
Buyout sooner rather than later imo
They’ve already swallowed most of the losses, $7.5m to payout until July 2025 and then it’s plain sailing with the reduced minimum guaranteed
If you actually read the report you'll see that £7m is a provision for loss making contracts. So their future accounts will look good, as they have already taken the loss. Follow the cash, not the accountancy tricks
Now for a blue finish
Group hug :-)
Shorts increased this morning and now closing. Let’s see where we are by this afternoon - 3pm presentation
£19.4m statutory loss for such a small company is pretty shocking
Loss making, see you in low 200
Ffs
I think Warren Buffet's prophetic words may well be applicable here.
Takeover target is pretty much a given imho
Feels like they might be putting themselves in the shop window too towards the end of the year by some of the comments in that report
In each of the past two years, final yearly revenue has been approximately 25% more than the contracted revenue for the year so far quoted in the Q1 trading update.
Based on that, BOOM would be on target for revs this year of approximately $69M.
Obviously there are things that could happen to boost that further, but $85M+ looks a bit of a long shot at present, based on previous years patterns.
Moving in the right direction for sure, but beating 2022 figures would take a fair bit of accelerated growth over the next nine months.
Ignore the raise comment on Twitter, that's just lazy mans deramping. There hasn't been any need to consider that option for a long time now.
The question BOOM has is when to start paying a dividend, not if they should raise cash. Having stating an expectation to start in 2024 they rightfully shelved it as the market turned down. Keep the cash on the balance sheet and keep driving forward. Sound management.
There will be many envious eyes looking at BOOM over the coming months..
At this rate It’s not going to be hard to beat $75m , they’ll end the year $85-90m