Member Info for Everoptomistic

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As of 13 June 2023, Eliot & Luther (Singapore) Pte Ltd has received signatures to a Consortium Agreement dated 15 February 2023 SEPERATE TO THE ABOVE AUDIOBOOM GROUP PLC SHARES

I agree Ironman. Brokers cut EPS by 9% and 7% for 2022/23
Basically the numbers have been set back a year from where they were. Id much prefer they were more upfront about this rather than try to conceal. Margins have also been cut.

Can see why the market was reluctant to rate this higher

First thing Glantus said they'd do after IPO was to refinance expensive Beachpoint debt to normal bank debt. They didn't.

Instead borrowed another €5m from Beachpoint in July 2021.

They've now refinanced debt rate to 10%. With Beachpoint!
In addition added another €2m of debt to the vast pile. Clearly no bank would touch them, I'd imagine looking at the recent shareprice they've been trying to get a placing away also.

Debt will overtake market cap soon. IPO profit forecasts have been slashed from €3m to zero for 2022.

No wonder the share price is where it is. The balance sheet is an absolute disaster. If they're cashflow negative this year then very real chance the share will be a zero within a year.

Looks like the growth plan from only months ago has been chucked in the bin.

I liked SEDs simple and lowish cost plan, but this mornings announcement seems to add more costs and complexities.
How will it be funded and when will the company turn cashflow positive

When you see phrases like "expected to materially enhance Saietta's LONG TERM revenue and margin expectations" and "will require a greater investment than the original standalone motor supply plan" then its starting to move into the usual jam tomorrow share AIM is littered with. This will likely need a placing at who knows what price, and being on an already quite frothy valuation of £120million any big discount will eat away at potential future share price targets.

Its a shame as this looked one of the better listings in recent years but the flip flopping on strategy isnt reassuring.

Panic looks to have provided a good opportunity to buy at 250p

Not without risk but good value at this price Id say.

This is looking interesting now.
Trading update was OK, pretty flat but heading in the right direction, but the selloff has this priced for a big miss.

By my quick calcs will need around 35% increase H1 to FY to meet target.
Not easy, tho they managed over 40% previous year and almost 10% year before so tend to be weighted to H2 anyway.

If they hit revenue and EPS of 8p then it's on a P/E 10.5x
If they miss by 10% then it's under 12x
If they miss by 20% then it's 13x

Seems a big miss is already priced in to me with the added upside if they get anywhere close to consensus. No debt. No need to dilute. profitable, good dividend. Sentiment awful. May take a while to settle but looks good risk/reward

What's with all the talk of price manipulation. All I see is a falling shareprice, and looks like there's a background seller. Same thing happened when it hit 30p in Feb.

CARD is a potentially interesting investment but it's got a very poor balance sheet. Theyve signalled they'll likely raise in the market so why buy before then. Price has broken support on the chart as well. I suppose you could say bad news may be priced in to some extent but that's a brave call, much rather wait for it to begin to bottom and turn around.

Free piece of advice from 30 years of investing. If youre buying a falling share, dont be a rabbit, use a stop loss. Saves a lot of pain.

Finally some buying coming through. Possibly any overhang was cleared 2 days ago?

Results are 30th Sept, maybe news coming or weekend tip. Who knows but when this moves it will move fast.

Let's hope this buying pressure continues and we can get above £1 again.

To be fair Jani resigned, so the board didn't have leverage. They couldn't force him to do anything and it looks like he just wanted a quick sale.

If anyone sold with the dropping share price they could have bought back this morning for around 93-94p like I did. Nothing is guaranteed but as soon as Jani resigned and disclosed he was selling then the share price was always going to take a big hit.

Trading update in Oct and results Nov probably. No one will really care if the share price is £1.50 then

I agree its not a good look.
I suppose theyd be damned if they didnt take part and damned if they did. At least they wont be selling theirs unlike a few of the other buyers, I imagine.

** 80p shares.

Board buying 89p shares. Very nice deal for them.

'Board directors, executive team members and company management, including a number of persons discharging managerial responsibility (PDMR), alongside a wide range of existing and new institutional and private investors, took part in the sale of the Shares.'

Question now is how many are flippers looking for a quick buck. They'll be sat on nearly 20% profit already.

Apologies, they are shown here also.

After hours trades at 80p last night.
25million+

ADVFN showing trades, don't think they're shown here.

Overhang cleared at 80p by looks of things. Someone got a bargain

What a useless interview. Just fluff. Hardly worth waking him up for this.

On the face of it Glantus looks like it could be a fantastic investment but the debt is worrying. If things go as planned then it wont matter as strong cashflow will pay this off. On the flip side if it goes ear shaped then theyll have to raise in the market with the knock on effect to the share price.

For an IPO that was supposedly twice over subscribed they would appear to have some of the flakiest shareholders Ive seen for a while. Theres a big seller in the background by the looks of things

I was disappointed they havent converted debt to usual bank debt as they said they would, instead borrowing another €5.0m from BPC which is very expensive. Maybe will convert the whole lot into bank debt eventually but there's extremely expensive early repayment charges with this, so looks slightly desperate.

Will likely know when results come out if its going to be a success. Only people who really know are management, so trust is key. They have a large shareholding and certainly talk the talk.

Apologies, forward 2022 P/E of 14. (Not '23)

There's a brief updated note from Arden here- https://research.arden-partners.com/portal/portal.html#

They've upgraded EPS to 3.5¢ and 7.1¢ for 2021/2023 which would give a forward '23 P/E of 14

Presentation postponed until August 17th I think.
No idea why the fall today, things seem to be moving along fine. Broker upgrades in last month, now sitting on a forecast P/E of 6.7 with dividends restarting.
Probably just weak summer markets, lots of things falling recently.