Member Info for boothen

have I missed them? If not why the delay unless they're struggling to count all the cash.

Wow. Seems yesterday's rise was off the back of nothing. Hopefully, there will be more of the same.

Anyone know what the rumour is?

With investors like this who needs enemies. http://www.telegraph.co.uk/business/2017/04/08/far-sweet-inside-candy-brothers-tough-world-business/?WT.mc_id=e_DM404034&WT.tsrc=email&etype=Edi_FAM_New_AEM_Recipient&utm_source=email&utm_medium=Edi_FAM_New_AEM_Recipient_2017_04_09&utm_campaign=DM404034

Where does it state that Q4 2018 is supposed to be cash positive? Wasn't it supposed to be Q1 2018 not that long ago?

Ah, so they'd need over a 100 days? So they'll reach 30th April (their year end), the date the buyback finishes before they'll have bought all the shares they said they would. Guess they could always extend it beyond that date.

@Gino73 how do you arrive at this figure? From my rough fag packet calculations I think there is another ~34 days needed to complete the buyback. That's based off 20,424,642 shares still left to be purchased. In the RNS it said they intended to buyback 86,324,793 and 65,900,151 have already been purchased. I could be wrong so interested in how you arrived at your figure.

If I've read those 2 RNS right, Nick Candy effectively owns ~25% of the shares?

Hope so.

@Leapfrog They're fair questions though. The purchase of SONR makes sense in medium to long term. However, there must be a short term hit while their service is integrated. They (SONR) made a loss in FY2015 of ~ 1.3m that would suggest BOOM will have to absorb those losses in someway. As they're already loss making it suggests their losses will increase. With regards to the ad content provider crashing, until the results and trading update are out we can't be sure of anything. However, it wouldn't be the first time a company has blamed a revenue miss on a 3rd party supplier.

Could the platform crash be used as an excuse if revenue is less than expected? A hint of some bad news to come maybe?

https://www.theregister.co.uk/2017/02/08/sports_direct_fails_to_inform_staff_over_hack_and_data_breach/

@SlowLearner the buyback is continuing. The daily RNS is confirming that. Looks like, for the time being and without any other SPD bad news, that the new floor for the SP is just below 300p.

You'd hope that the share buyback scheme would let the SP slide before starting to purchase shares again. However, looking at the RNS from this morning they started buying shares as soon as it hit 300 and below.

Hopefully Mike and the team can conjure up some bad news to get the SP back down to 270/280. When did everyone say the next update was out?

Has anything been mentioned about how much revenue and costs SONR is currently generating? We can assume that it's costs are a lot higher than any revenue it currently generates, so would increase BOOMs overall costs. Thus maybe pushing back the Q1 2018 target to be cash positive?

Maybe it's because they can only buy shares when they're under 300p. Just before the pause the SP was hovering around that value. It could also mean that a major holder is taking the opportunity to offload some of their shares. I hoped that the SP would continue upwards to 300p, but it seems to have stalled around 288 sadly.

Suspect the update maybe tomorrow (Friday). My concern is that JD have taken share from SPD. Or the update will contain more "bad" news to keep the SP deflated to allow more shares to be purchased during the buyback.

Anyone know when the trading update will be? Think it was 8th last year.

Very interesting article by the COO. https://www.linkedin.com/pulse/1085-key-number-podcasting-stuart-last Anyone got the time to do the math to find out what value BOOM are currently at?