Member Info for cromer

Illbeta - excellent posts by you. Appreciated.

yeah, well I wouldn't expect the house broker to say shareholders are likely to be diluted to almost nothing.

True. Thought it looked wrong somehow but the spellchecker didn't pick it up because the word does exist (with a different meaning).

I meant any funding deal not being immanent

"He says the mine will start producing in 2021 or 2022, depending on when he gets funding in place."
Not remotely immanent then, and " if and when" would be more appropriate.

Stupid keyboard

I can't find any earnings forecasts for WSG . Surely the house broker has put out guidance somewhere. I mean proper earnings - not EBITDA or revenues. Anyone ? (WSG newbie, so sorry if widely known and discussed previously.)

Still I've just closed my short position .at 2.1p Prob prematurely and might open a new one if they manage to talk the sp back up a bit with one of their rampcasts

Losses much worse than last year.
House broker note out. My post from over the other board -Re the Allenby note surely even devout bulls here are at least privately dismayed that even in 2020 they forecast adjusted EBITDA losses of 1.8m - prob no proper (+ ITDA, official)profits even in 2021.

And this is the house broker!

The amount of borrow available for small caps like BOOM is quite limited so it's slightly against my interests to
disclose my trading facility or the mechanics involved. Perhaps if you'd engaged me with less imperious demands and scepticism... but you didn't.

Brighter investors here will be less interested in your diversionary ad hominem attacks ,like about my trading and fake reviews of TW's pizzas years ago, and more in the substance of our bear points about BOOM.

Just before the previous fundraise they said in a ramp "interview" that they weren't planning to raise till the second half. They've done TWO since then. Untrustworthy.
I'm short here.

Results due out in May.
I expect heavy losses about the same or even worse than previous year judging by previous "adjusted" EBITDA guidance and despite strong revenue growth.

The rate of revenue growth has declined dramatically judging by Q1 figures (about 3.4% on sequential quarters adjusting for the longer 2018 Q4), and a big year on year fall in rate of revenue growth.

From TW at Shareprophets .....

"Last Thursday evening I revealed in a bit of a scoop that Audioboom (BOOM) was trying to raise £8 million at 2.5p. The next morning the company was forced into a statement and said it was trying to raise £5 million at 2.5p. That was not really true - I published the deck the wretched company had sent to potential investors showing it was trying to raise £8 million. Today it fessed up that it has raised just £2.8 million with £1.2 million of that coming from the board and the Candy Brothers chucking good money after bad. What a shower…

Audioboom had tried to secure £6.8 million of new capital from non related parties it ended up getting in just £1.6 million. Even today it insisted that it was “pleased” with the result. Like hell it is.

The company insists that the cash will be used as “growth capital”. Well up to a point. As I have noted numerous times Audioboom has a propensity to understate its cashburn in trading statements by stating changes in net cash as minimal while not mentioning ballooning trade payables and we will have to wait for its full year numbers to see if it has pulled that trick yet again. I bet it has in which case a good stack of that cash raised will simply go on paying unpaid and aging invoices. What is left will fund growth ( i.e.the vanity that is sales) but will that be enough to stop the company burning cash? I doubt it. In which case the timer is very much set for the next placing.

This one flopped. Perhaps, my old pal CEO Rob Proctor, will have better luck next time? I would nit bet on it.

The shares are up a tad at 2.5p-2.6p, a minor relief rally that the, massively scaled back, placing has not flopped completely. If you are dumb enough to own these shares, sell into that rally."

https://www.fool.co.uk/investing/2018/07/05/why-id-still-dump-neil-woodford-favourite-purplebricks-at-a-share-price-under-300p/
"Meanwhile, joint house broker Peel Hunt, which had been forecasting a maiden profit before tax of £3.8m for fiscal 2019 has revised this to a loss of £41.5m ......"

That's a hell of a downgrade! Of course they have to keep their buy rec for retail investors or they'd lose their client.

Note how existing institutional investors with holdings of more than 3% haven't raised their stakes by even 1% (RNSs otherwise). Likewise no director purchases.

gland, sure I'm scantrader there, make no attempt to hide

groucho - those possibilities already priced in now imo seeinff - 10% Can't stick around now lads - good luck to good folk

Sorry about DCF repeat - I was pasting. They do already so I expect they're already selling some off to momentum punters

Sorry about DCF repeat - I was pasting. They do already so I expect they're already selling some off to momentum punters

I've just increased my short position here. A large number of future contracts like this latest one are now already priced in. More than! (And a rough DCF calc makes the latest one only worth 3 or 4 million quid on a DCF basis)