Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think you are wrong Zak. Management want to get the Q3 out as soon as possible. You do tend to be negative.
So please don’t use this site to promote your investments. If you want to continue to be negative on Boom that’s freedom of speech but unfortunately Moneysponge speaks with forked tongue.
200k trades - I know what you mean and if that happens that would be a real market. Issue is that market value of Boom is now way below the value for big investors. But your right liquidity has been a problem for some time. If you buy a large shareholding right now you have to be long term as there is little chance to sell back without MM taking advantage.
YTD 2023 £48m. Sorry for typo!
85k shares traded Zak according to my screen
Crawshaw - I wouldn’t predict revenue. Q3 2022 was £16.1m. I think forecast FY2023 is £65m. So they’ll be expecting in the region of £17m Q2023 giving YTD ££38m leaving another £17m in Q4. Anything more as you say would really show they’ve bucked the worldwide advertising trend.
Q3 in next 7 days. Podcast industry still expanding and taking listeners from radio and video. Has advertising upturn happened. We have to wait for the company report. Stuart Last should be up beat and Michael Tobin could start to make some profit on the shares he’s been buying. Tobin will be fully vindicated for he belief in the management and the industry.
You have posted a very credible piece. Why have is taken you years to inform this board. Your timing tells everything about you and your information. You are plainly a very bitter individual and should be totally ignored. Tobin is a very astute businessman. He is not going to get into the CEO role and make operational decisions. Brad Clarke is a first class CFO and has done wonders getting the financials in order and on time. Enough said as I think you are a really low person.
Excellent post PoeBardem. Seeing the shareholdings makes you think there are some major shareholders who will be horrified at what the market is doing to the value of Audioboom. Not much can be done until after Q3 as insiders can’t trade. Maybe we’ll see a return to a fairer price in the next 3 months.
So do I Zak. I have no idea how Ad industry is doing. I seen no negative media comment for many months so if you have any information please post your source. Audioboom’s business is and will be fine and grow. The shareholder issue which you raise is a problem but will be resolved.
Q3 should be out on Monday 16th. Maybe they’ll be super quick and get it out sometime next week. It can only be positive news with new shows and talent recently signed up. Rock solid in the Triton and Edison podcast league tables. This is a false market and I believe will quickly re rate to normal metrics (as I’ve said before!). Sorry to repeat myself.
Rifkin you’ve done very well to explain the negative and misleading comments. There is nothing to be done to stop this nonsense except wait for Q3 and the expected positive financial results. Nothing from company means that they are track to meet FY 2023 forecast.
Fair comments Soundman. I can’t see Boom being taken private. Simply haven’t got the necessary shareholder majority who will vote in favour. I’d probably agree but I’d lose the ISA wrapper advantage. But at this level the value of the investment is negligible so perhaps not a consideration. I don’t know what else the company, management or shareholders can do. There is absolutely no buying apart from directors. Investors are waiting for Q3 now. Will what are expected to be excellent figures give a big boost is anyones guess.
Triton have released August figures. Weekly Downloads for August were 18,455,228 which is highest ever. Up from 14,968,861 August last year and 16,736,222 last month July.
Weekly average users 5,471,125 compared to 5,113,237 last year and 5,120,887 last month.
Should translate into excellent Q3 financials.
Investor Chronicle have consistently not written balanced reports. To give a headline like this gives proof.
Read the RNS on 19th July detailing the H1 figures.
Audioboom are cash flow positive, cash in bank is up. Margins are up. The company made a full provision for a specific contract. Read note 9.
If some don’t care to be informed then comments by growing balls are irrelevant.
Error. It’s Q2 that needed the reforecast.
Lots of conflated comments and the same old arguments.
Management reviewed the 2023 financial forecast over 3 months ago giving good notice that Q3 would not be as expected due to the continuing sluggish Advertising sector. They professionally submitted a new forecast through finnCap. Audioboom is a fine company with directors still buying shares. They believe that adverting spend is on the up turn and that new shows and contracts being renewed give all the positive indications needed. As far as the company knowing who’s selling this is virtually impossible given the use of nominees. For sure there is an undercurrent of negative investing but this will be turned around very quickly and I hope with Q3 results. The price can be kept down only for so long until the metrics of valuing a company are again applied. No one who is selling can give a valuation as they are motivated to crash a company using spurious reasoning. Audioboom will recover - perhaps not to it’s highs but which companies in media sector will.
Thx Rifkin. Good points. Also take a look at ACAST. Down 7pc today to almost 12 month low. General malaise in sector?
What is Montrichard? Tobin can’t buy if he wanted as too close to Q3. Stuart Last on X advising a wrong link to Boom about a GBP4m dispute. You see how wrong news and information is being spread !
A market cap of half annual revenue is plainly ridiculous. There can be no logical reason based on valuation metrics. The price is what is in the market but there is going to be an almighty correction. When is anyone’s guess. Sentiment has nothing to do with it either.