Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
For me it is the fact that they are buying in regularly that is the biggest positive sign . The amounts they are buying and frequency in my view show it is not done to virtue signal or in an attempt to restore investor faith. They just want more shares simple as that- and probably would prefer it if the share price didnt move because next month ... they will be buying more !
Looking forward to the next update which is only couple of months away now. Audioboom still doing well. Something announced last. week that one of their home grown shows is still biggest in austalia and both podcast market (sector wide) and ad revenue globally is continuing to rise.
I agree this share is one to sit on and wait 6 months or maybe a bit longer but I am hopeful there will be that magical RNS that says Audioboom sold for...£££. Just hope i can hold my nerve till then/ and not get impatient waiting for it to trickle up. It was 7.70 before there was the retrace- sure next announcement will take it past that.
Amazon paid £300 million which gives MR candy pleny of negotiation power to get a good deal relative to today market cap. Come on get the deal done so we can all celebrate and move on !
I agree. Thanks for posting.
The actual figures part of haggismchaggis1 post adds a lot more value than 90% of the post on this board.
It is great when people post information or facts. Personally I am not much of a fan of all the ramping and de-ramping (and board monitoring around negative comments) which there seems to be a lot off.
Coverage of Audioboom on Bloomberg this morning: HTtps://www.bloombergquint.com/business/amazon-adds-urgency-to-u-k-podcast-startup-s-search-for-buyers
(It’s on its way just a question of when ?- case of waiting for the big return)
Thanks for sharing. Fingers crossed more brokers in the short term come out with other similar positive price estimations.
It was stated on another thread that they thought the buyout would be in the 12-14 pound range based on the fact other directors had (years ago) bought in at around that price range (which makes a lot of sense). Initially I thought that price was a bit too optimistic but no it looks increasingly likely.
I am getting a bit more used to the big swings on this share (on no news) but things are definitely on the up and up. (In my view)
As a side comment - audioboom site is worth a visit they do have loads of random podcasts.
DYOR
Shedit— you are right about opportunity to top up. . ! There is now margin for another 15% return from I think it was Wednesday’s price when it hit 730 ish which happened after the results.
Can’t see what bad news could impact the share price now profit been reached and business is growing .... other than maybe the end of lockdown means people are not at home listening to podcasts which long term will impact Ad revenue - but I am not sure even how realistic/ accurate that point is given the change towards more working from home will continue long after lockdown ends so the popularity of podcasts may continue. (Meaning the effective Advertising that I think Podcasts allow can continue) .
Anyone have any idea on future challenges the company may face further down the road ?
Some long term holders would (I hope) have gotten a good return when the price is around £7 so congrats to them for getting in early and sticking with the company and riding off into the sunset. Others will hold out for more and probably get it. Maybe it was a lot of day traders buying on the ‘news’ and making their small return.
I think you are right.
is easy to imagine the large shareholders patiently holding out for whatever they feel is the right price (given things are on the up).
Most in their position would do the same thing.
My view is the same as those mentioned - that it will trickle up and then in n months time the offer at a premium ,to whatever the share price is at that time, will come in.
given the positives attributes they are bound to get a premium price - they want their big pay day ! To buy another Yacht !
TV advertisement revenues are going down... The future seems to be all about Podcasts !
The only downside with this share now is waiting for that to happen !
My view on the future share price are pretty self evident !
DYOR
Off topic- isn’t it crazy how much some shares dropped when lockdown hit and how much they have bounced back.
Next was half what it is now. Virtually back to what it was jan 2020.
Carnival cruises went to about 7. They got investment from Saudi sheiks who bought in at 8. Now it is 16.
Easyjet is another one.
Sports direct .
(Disclosure ... I didn’t invest in any of them... watched them go down... and then....... watched them go up ... LOL )
Although not held this share long I have found it does fluctuate quite a bit even when things are looking good. Imagine it will happen again after results.
I foolishly was one of those that sold out after the retrace that came after the last big jump. Realising my mistake I bought back in - I certainly wont be selling out early again as it was costly error.
Good luck all
I expect a takeover will come just a question of when. I assume the results this week will show another improvement in profitability - that is what they say is expected.
I imagine Mr Candy and the others are working on getting a payout of multiple times their current shareholder value rather just increasing the annual return they get on their investment. Assume that is the big payout they have been working for all these years. He certainly knows how to increase his wealth so I am sure all will work fine in the end- (IMHO!)
Only downside is price increases never happen quick enough !
Think results are announced on the 14th so not long to wait for that . (With more good news hopefully)
A takeover announcement shortly after that would be ideal. Although the longer they leave it the more the Candy brothers will make the new buyer pay ! Lol.
Not a tax consultant ( and this cannot be taken as advice lol !)
Back of napkin calculations -
You can only move the shares into an isa if not already used your 20k allowance
- so on premise you can move 20k in
The capital gain is based on the sale price - the purchase price (assume this has to correspondent / assign based on what the non isa account shows- a tax consultant will know which transaction is best to assign to have been sold-
I am not sure whether it is more beneficial to assign more of your higher priced shares (which will have a lower gain- so you can move more of your shares ) or the shares in another transaction (with lower share price)- I imagine you can choose which / get advice on.
You can write off some loses from other transactions and expenses against the capital gain on the afc shares.
So if at the time of doing the process you can claim any incurred losses from other share transactions. So if you have lost 5k (capital gain utilised loss within this tax year) on other share transactions (outside of Share ISA account) you could sell the amount of AFC shares that would give you £17.5k capital gains profit to move into your ISA without paying capital gains tax (and also on the premise you have not previously used up your ISA allowance). I think you also claim for admin costs against capital gains (easy to check).
This calculation is based on not fully using the full 20k allowance but selling the most amount of shares without paying any capital gains tax.
If want to move in more money than in the above example (so you are paying some capital gains tax) - up to the full allowance amount you would have to work out what the gross amount would be before you have to pay tax on the extra at your marginal rate.
So if your marginal rate was 50% you would sell another number of shares that would give you another 5k more capital gains profit 5k to end up with 2.5k profit (tax paid) to go with the 17.5k from the above calculation. Or probably better to just add 2.5k cash into ISA and keep the 5k worth of shares in your normal account (check this / seek advice)
So if as in the above example you have 5k losses on other Non isa account share transaction that you can utilise this year you could sell an amount of afc shares (you currently hold) that would give you 17.5k of capital gains profit.
17.5k profit from afc shares sale
5k losses from other shares - incurred a capital gains loss this tax year,
17.5-5=12.5k (which is capital gains tax free amount so no capital gains to pay)
Then move the money it your isa account if got the unused isa allowance to buy the shares in your isa.
Have 17.5k to move into the isa (can only move in 20k into the isa- so could make this to the 20k)
Get advice (check all of the above out yourself) and work out which shares are the best ones to sell.
All at own risk ! Not advice ! Lol
Zoetic comparison.... picking and choosing what information to use ..... (blatant ramping !)
The following is based on actual information
Mgc have 11 times more shares in issue that Zoetic .
Mgc would have to make 11 times the amount of profit of Zoetic or have a PE ratio that was 11 times higher to have the same Price as Zoetic.
For the sake of anyone who does not know the relevance of Price to earnings ratio or earnings per share to share price - it can easily be found on the internet. (Or buy some books on share price appraisal)
The below shows why MGC is incredibly unlikely to get to £1 given the number of shares in issue——
if the share price of both companies (Zoetic and MGC) was both £1 one of two of the following things has happened-
- Mgc has made 11 times the amount of profit than Zoetic has - to have a similar Earnings per share figure and so similar share price. (Shares within the same sector/ label “growth share etc” often have a similar PE ratio)
- or MGC is just making similar profit level to Zoetic - that means MGC would have to have a PE ratio which is 11 times higher than it would be for Zoetic for it to have a similar share price (Which means that an investor is willing pay to pay 11 times more to own a share of MGC’s profits than they would for a share of Zoetic’s profit. (Have a look at what the PE ratio of Zoetic is now- it is 130 !)
the level of blatant ramping on this board is nearly as high as what the PE ratio would be if MGC reached a £1 (like Zoetic is now) - MGC would have a PE ratio of 1300 !
That will highlight why it won’t get to £1.
The above is pretty basic share price appraisal the theory of which can be easily found on the internet. But maybe MGC will break the mould and investors will be willing a premium many times what they would be willing to pay to own another top performing share in the same sector... but 11 times more.... I doubt it !
I just wanted to challenge the blantant ramping and provide relevant information needed for any comparison with Zoetic.
The share price may or may not be worth may times what it is worth today in the future (and for all long term shareholders I hope it does)
But a comparison with Zoetic - cherry picking the information is just blantant ramping (and with a bit of knowledge found to be completely far fetched)
I would suggest anyone who is new to shares or for someone who does not understand the link between share price / market capitalisation/ Earnings per share/ Price to earnings ratio- to check them out online.
This share was around 14p when lock down started. We are some way off that now.
Before that there have been periods when it was even lower than that. Long periods.
The next couple of years will be better than the last few. How can it not !
A rising tide raises all boats !
Thanks for the replies