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Why isn’t the cash balance -£20m then
Need to focus on statutory profit/loss, this is the key bottom line of what a company is actually making or losing after all costs are taken into account.
Adjusted EBITDA isn't a proper GAAP measurement and excludes a significant number of costs. The adjusted part is highly variable with each company free to have their own definition of 'one off' costs, something to be particularly wary of on aim micro caps.
When rampers here talk about forecasts for this being profitable they mean only adjusted EBITDA, and are being misleading not including that qualifier. Audioboom's actual loss last year was $19.43m.
I can tell you the share price would move significantly and hold its gains if the profit was £1 mill+ as opposed to 100k. There is a reason why the so hasn’t held its gains. Its not difficult to understand that.
I’m with you whatwhatkid. A profit is a profit in any language apart from on AIM who have posters like MOneyman. This is why shares are so undervalued in UK. Always backward looking rather than forward towards future performance. Audioboom have over the past few years always performed as per forecast and better than competitors in a difficult advertising market. Any changes have always been advised well in advance
Why would it be £100k profit again in Q2? Q1 is always historically weak, advance payments. Reduced minimum guarantees, onerous contracts winding down , increased downloads and eCPM
As usual expecting the good news to be announced pre quarter end
100k or so in profit doesn't mean much. You can see the pump before results and some coming on here for a pump, buying at the new support and pumping it until results. The fact is the figures have still not been great in terms of decent profits hence the share price didn’t hold on q1. It will only gain traction when results are much better and buying of these shares will only then exceed the selling.
For now it will float around here maybe making 10/20% or maybe more.
That’s almost a given record revenues. Boom is already profitable
Record revenues and profitable in Q2
Only 16m shares in circulation, one event and these shares will rocket, true value would be above £6 at least if anything happens. Good buying volumes atm.
Calm down. Tide will only turn when AB can generate decent profit from decent revenues.
Big elections are coming up in US and Europe so companies like audio boom will have an extremely busy time with advertising, podcasts etc. Not in yet but can feel the sentiments changing.
Tide is turning quickly
Https://www.cnbc.com/2024/04/27/digital-ad-market-on-mend-as-meta-alphabet-snap-show-faster-growth-.html#:~:text=Advertising%20is%20so%20back.,again%20at%20a%20healthy%20clip.
Big buyer is still loading
Our turn next
Berenberg would have dropped it on just a sniff of a 20k sell.
Mass accumulation in the background, hold your golden nuggets tight.
Imagine bearhuntr3 what Berenberg would have done if there was a 20k sell.
Who is loading?
Another 20,000 shares bought. Large orders being filled in the background.
Roll on Q2 figures
He’s doing what good investors should do. Buy regularly.
He knows much more about the future of this company than any of us. Follow the money.
He’s trying to average down his price, whilst at the same time trying to convince shareholders to buy more to hopefully drive the price up. He is probably heavily underwater at the moment.
Any1 know why this to Michael to in guy buying small amounts stovk since 2022 around 10k or less, no other director buying. Is it tax reasons
BBB, Yes, you could say that.. along with spoofing, forcing the shareprice lower on low volume, refusing to make a fair market, sitting on the offer with no stock list goes on. However, I believe more than one market maker is complicit in colluding to keep a stranglehold on the shareprice. Market maker Marex (Zak7795 close friends and go to MM) have traded more than 1.9m shares from Jan-Apr this year. Marex have traded double the amount of shares house broker cenkos have traded in the same period. Ex market makers with insiders at brokers, market makers, companies (Audioboom) play a pivotal role in the manipulation by feeding the stock to their market maker insiders.
These charlatans are everything that is wrong with the UK markets. In the event these shorting gangs become unstuck, they will force the company to issue new equity by any means necessary.. bribery, blackmail, smear campaigns to name a few.
Check out this twitter page https://twitter.com/AbuseMarket
In simple terms Bear, is Berenberg quoting prices it wants. Other MM may not be online but if Berenberg get trades at their prices the others fall into line.