Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
ITX cannot hold back TR1s, so most likely IP Group did not inform ITX until a day or two ago.
Results as expected. If you have done your research, you would have been expecting this. When the share price drops, I will try to time the bottom. The long-term potential of this is excellent risk-reward value.
The IMC presentation at 2pm will put more meat on the bones.
Why is everyone panicking? The company is doing brilliantly. If you are invested in the company, then chill out :)
If Michael Tobin thought the results were bad, and the share price would drop as a result, he wouldn't have bought yesterday at 1300p.
This is just PIs panicking and selling out.
DYOR and hold. I bought twice today.
Chairman’s Statement
I am delighted to introduce these annual results which reflect upon the fantastic performance of 2021 and a very strong start to 2022.
As the Company bounced back from a somewhat Covid- constrained 2020, the strength of its business model was illustrated by 125% top-line growth (more than doubling the projected growth of the wider industry), a maiden annual profit and impressive growth across all of its KPIs and operational areas. Market expectations were regularly exceeded throughout the year.
It remains testament to the efforts of the management team and all staff that the Company’s growth once again led to increased market share and further cemented its position as one of the world’s largest independent podcast companies in an industry that continues its rapid maturity into mainstream media.
In his CEO Review, Stuart Last provides further detail around the Company’s strategy and focus, component parts of the business, operational and financial performance, the strong start to 2022 and the outlook for the future.
I would like to take this opportunity to thank the entire Audioboom team for their continuing professionalism and commitment, and also to thank our shareholders and partners for their loyalty and vision in supporting Audioboom as it continues to grow. The Board and I look forward to the future with considerable optimism and excitement.
Michael Tobin OBE
Chairman
22 April 2022
It's online now:
https://audioboomplc.com/wp-content/uploads/2022/06/2021-Annual-Report-and-Financial-Statements.pdf
And excellent set of results. Michael Tobin's and Stuart Last's reports make great reading. 2022 will be stellar!
The only thing that's guaranteed on AIM is that things will always take longer than you think.
That, and the marke/industry insiders will make damn sure they make money first above all others.
Aprogerson, yes you have misunderstood. Re-read the RNS.
Shares that are bought back can be cancelled to reduce the amount of total shares in circulation, but they don't have to be. They can be held in treasury, and used for a variety of purposes (selling to institutions, compensation/incentive to employees, etc...)
I have a small amount in AGL too, so congrats on your patience holding them. The general market sentiment is in the dumps, but there is nothing wrong with the companies (AGL or ITX in this case) themselves.
Most PIs lose money on the stock market because they don't DYOR and they follow the herd. The small percentage of PIs who do make money from the markets do so by patience and a deeper understanding of what they are invested in.
Angle have a great product that will help to transform personalised cancer treatments. ITX have an eco-friendly product at a great price, great management, modern technology, a good moat, and are making in-roads with industry giants in a variety of fields.
It is a no brainer to continue to hold my shares from 2019, and to top up on the dips. I have been buying again sub-5p, and all I need now is patience. I am expecting a promising set of results (either financially, or increasing collabs with majors) in June, but the real progress will be seen beyond that.
The last AAQUA offer was pathetic and was rightly refused (Roughly £12 per share, comprising £2 cash per share plus shares valued at £10 in an unlisted company...which is still unlisted), except for the large BOOM shareholders who were also part of the takeover.
If the offer is cash, and the offer is a minimum £30, then it has my vote.
AAQUA sold 15.4%
AAQUAVERSE picked up 16%
Mrs Nashia Bonnier sold 8%
It seems likeliest that AAQUAverse is the vehicle for trying another take-over, so transferred shares to itself, from one entity to another.
Mrs Bonnier either sold 8% on the open market (hence the reason for recent unexplained big drop), or there is another RNS to come telling who has acquired them. Maybe that someone hasn't finished buying yet?
She clearly sees value in EQLS above today's share price, and she has the inside track. It gives me confidence in EQLS hitting 100+ in the medium-term.
Based on deals made for other podcast providers, it seems unlikley BOOM will sell for less than £30 per share.
Sitting on hands can be the hardest thing to do at times, especially where FOMO is high, but it just requires patience.