Member Info for DRB83

I like this but too, especially the last bit.

With the recent rise again to around $US145/t Iron Ore 62% Fines spot price on better demand prospects in the metals market due to easing coronavirus-induced restrictions and pledges for more stimulus in top consumer China in and with the low Capex and low Opex of the project the Company is highly motivated to bring this project to fruition soonest.

Gasman, Kaeren. Thanks for replies. Let's hope the £30m is not just forgot about and that a separate damages claim will be issued after, or the £30m at least being included in the part 36 that B2 eluded to. Thanks B2 for the extracts.

£30m is currently a third of our mcap. Ncyt made it pretty clear that we bought all that stock in response to a pleading from the gov, only for them to then turn their backs on us once we had committed to the stock. That stinks.

It's good to finally get confirmation of a counter claim which imo was always going to be the case as they owe us £73m.

A little disappointed on 2 counts.

Firstly, what about the £30m of stock we had to throw? Why did we not include this?

Secondly, why not map out the process for us and give us a kind of 'next steps' summary with possible time frames.

These must have something to do with the IME sale. IME state they sold £950k yesterday. These 2 show as buys but could 1 have been IME selling. Wonder who the buyer was?

Also explains why we didn't get much of a reaction from the SP following these 2 transactions. They simply offset each other.

Did IME sell to fund there acquisition. Must admit don't know much about IME.

Last year on 22nd June BOOM issued a trading update. In that update there was also confirmation that the H1 results would be issued on 20th July 2021. The H1 results have been issued in that same week for the last few years.

Is it it fair to expect a trading update this/next week do we think. If so, it may just drum up some positive sentiment for us as we head towards the half year.

I suspect Q3 update will be telling as that will include a chunk of the Christmas order book. Order book currently at $66m. Can we get to $100m? Let's see.

Very interesting that PwC expect the market to soar to $4.3bn by end of 2024. Doesn't sound depressing.

If that's depressed then bring on the rebound

What makes it truly embarrassing is that DA took on a profitable business, DA still has a profitable business and yet the market says it's worthless.

Imagine having a machine that made cash and no one wanted it. That's embarrassing for a marketing guru.

Forget selling ice to the Eskimos, this guy couldn't sell ice to the Arabs

For DA when catching up with friends at get togethers.

Everyone spouting off about their accomplishments whilst DA steers a company where the market believes that everything novacyt owns, the bricks and mortar, the patents, the product catalogue, the supply chain, everything excluding cash is worth absolutely zero, zilch, NADA, nothing.

The market thinks that poorly of him and the team that the £102m cash we have is only valued at £92m.

Not something you want to be shouting about at a party with friends.

At least I don't have to tell people I'm invested in ncyt. **** poor.

Here here

Would love to know what DA's master plan is to get this from 130 to 777. I don't want to upset him but what he's doing so far doesn't seem to be working. GL DA

1% is certainly no small change. It's very significant. Could it be Candy? I'm sure we'll find out soon. Hopefully this week.

Those buys are approx 0.5% of the total shares each. That's 1% someone has just bought. Could be a new ii. Which means no crossing of the 3% threshold YET. Most likely to be AAQUAVERSE on their way to 20% +

They certainly got it at a great price.

I believe they have 4 days to inform the market but on past trend it does look like they are more prompt than that.

Tovoc, I too am optimistic about this year's numbers but the revenue for the first 4 months is $20m + $7m so $27m. The order book for the year including realised revenue and unrealised revenue was $66m as per last update in May.

I am not sure how far in advance we take booking but I recall hearing somewhere that come August we will start to see the Christmas bookings coming in. Therefore come October we'll be booking for Jan23 onwards. Therefore I believe we predominantly have May- Sept (5 months) of order book to fill. $100m annual revenue is certainly doable this year imo.

Based on my earlier post I believe BOOM are forecasting around $90m revenue for this year. Hopefully get 25% op margin with $13m admin costs puts us at $9.5m profit.

Again, I believe this is what BOOM currently have as an internal forecast but we all know they love to exceed expectations. The way Tobin is mopping up as well I think we will.

Also from annual accounts FY21

The expansion of Audioboom Studios is a key area of investment for us. In Q4 2021 we began building a production team in
the UK, with the first UK-focused podcast launched in February this year. Devils in the Dark was an immediate hit, reaching
number 1 on the UK’s True Crime chart and the top 15 of Apple’s overall podcast chart.

Audioboom Studios’ revenue in 2021 was US$2.4 million (growth of 118% over 2020’s US$1.1 million), with a gross margin
of 40%

So AudioBoom Studios generates 40% op margins. Way above the group's 22% from FY21. The more the Studio grows the higher the 22% gets.

That's a key area of investment according to Boom themselves.

From Annual accounts 2021

The market continued to grow strongly in 2021. The Interactive Advertising Bureau’s most recent revenue study, compiled by
PwC, projects the US market to have reached $1.3 billion in 2021 – annual growth of 60%. Audioboom outperformed this
growth significantly with our 125% revenue growth in 2021, outpacing the wider industry projections by 108%.
Audioboom has outperformed the industry’s growth in each of the past four years - our average annual outperformance of the
industry is 70%.
The clearest and most significant result of this performance is the growth of our market share over this four-year period. In
2017 our market share was 1.9%, growing to 4.5% in 2021.
The podcast market is expected to continue its expansion, with projected total growth of 62% over the next two years -
Audioboom is well positioned to take maximum advantage of these industry tailwinds, and we expect to continue to grow at a
faster rate than the wider market, further increasing our market share.

So current market size is $1.3bn giving our $60m a 4.5% market share.

The market is set to grow 62% in 2 years so from $1.3bn that gives us a market size of $2.1bn by FY23

In addition to that growth Boom based on past performance usually out performs the market by 70% so on top of the 62% market growth we'll grow an additional (70% of that 62%) 43%. Therefore, by FY23 we expect to have annual revenues of $60m + $63m = $123m

This gives us an increased market share of 123m/2100m = 5.9% by FY23.

$123m at 5 times revenue would put your mcap in excess of $600m or approx £475m over 17m shares gives you roughly £28 per share.

That imo is the lower end of the potential here and why anything less than £30 per share should be laughed off.

If we maintain the current 22% op margin and control our admin expenses below $15m then annual profit around £10m should be a very conservative profit target for FY23. All imo of course but Tobin knows it.

Just to correct Katstrangler on the $4m loan now as again a lot of misinformation being spread here.

From the annual accounts 2021

US$4 million loan facility
In February 2020, the Company announced a US$4 million secured loan facility arrangement (the “Facility”) with SPV.
The Facility attracted interest at a rate of 8 per cent. per annum on drawn down funds, together with a US$80,000
arrangement fee payable on the first draw down, equivalent to 2 per cent. of the full US$4 million available under the
Facility. The Facility was secured against the assets of Audioboom Limited. US$0.7 million was drawn down under the
Facility and this was repaid in full in November 2020 (including interest and loan arrangement fees amounting to
US$113,000). As at 31 December 2021 and 31 December 2020, US$3.3 million of the non-revolving Facility remained
undrawn and the Facility subsequently expired in February 2022.

So first point - it was a loan facility. An option to borrow upto $4m, we did not borrow $4m. We actually only drew down $700k.

Second point - total interest and fees are clearly stated as $113k (so $56.5k for Tobin) not £320k as implied by Katstrangler.

Third point - The facility expired in February 22.

In summary, no Tobin is not buying Boom shares with Boom money as Katstrangler states. That is just the thoughts of a troll that does very basic research if any at all. Like most trolls to be fair.

The undercutting you refer to is a symptom of the success of Boom. There are less than 200k warrants outstanding by my calculations which is a little over 1% of the total shares so not relevant at all.

Secondly, we don't need £29.5-£30. we have all time highs of £22 so not one shareholder of Boom has paid more than £22 for a share. Most probably have taken the opportunity to average down. Once £20 is seen again I suspect everyone is back in profit.

From 20 June 2019 RNS

Share Consolidation
In addition, following the passing of the resolutions at the Annual General Meeting, and conditional
on Admission (as defined below) the share consolidation will take effect on 21 June 2019 so that every
100 existing ordinary shares of no par value will be consolidated into one new ordinary share of no
par value ("New Ordinary Share"). Details of the share consolidation and effect on shareholders were
set out in the announcement and circular sent to shareholders on 31 May 2019.

So 30m becomes 300k. 2.4-6.4p becomes £2.4-£6.40.

It's all in the rns's so maybe best to do the research before spewing all over the board.

Also, from 2021 annual accounts

POST BALANCE SHEET EVENTS

To the date of this repoert (being April22), 101,686 new Ordinary Shares were issued to satisfy the exercise of existing share options
under the Company’s Share Option Scheme 2014 by an employee. In addition, between 2 and 4 March 2022, Michael
Tobin exercised warrants over 350,000 ordinary shares of no par value in the Company. Therefore, the total number of
Ordinary Shares and voting rights in the Company is 16,219,703 at the date of this report

So that's 350k warrants of the 520k exercised. So not many left to exercise.

I am a relatively new investor here and it hasn't taken me long to see that Katstrangler is the resident troll here. For the new investors and potential investors let me just post a few facts from the annual accounts and highlight the misinformation and outright lies being spread on this board by Katstrangler.

Firstly, 30 million warrants??? At 2.4-6.4p

From Annual accounts 2021

"At the period end, the Company had in issue outstanding share warrants for a total of 520,000 shares (2020: 520,000
shares) with a weighted average exercise price of £3.12 (2020: £3.12). All 520,000 (2020: 320,000) of the warrants were exercisable at the period end."

So that's 520k in total for everyone not just Tobin. At an average of £3.12 not 2.4p. Katstrangler is so off the mark I'm thinking he/she has Boom mixed up with another company entirely so thought it best to just correct that pile of tosh.

Katstrangler puts the disclaimer in their comments stating 'i don't know' several times. So find out then before spewing your inaccurate guesses all over the board. It's simple. Open the annual accounts and word search 'warrants'. You'll be amazed.