Member Info for ggrantsu

I have to say....this utter gibberish about Tobin's loan to the Company meaning that in some way he becomes indifferent to whether he loses money in the market vs. whether he was buying stock having not received interest on the loan...is quite honestly one of the most stupid and deluded arguments I've ever heard in my entire life. Honestly mate, your overthinking this...go and have lie down mate, pack of ice on the head etc.

haha thanks abraham...you got me there - was like Oh god here we go another speculator who is obsessed with stock market moves vs. actual business growth and opportunity.

you couldn't make it up the way people look for conspiracy theory negatives when you have a chairman buying large chunks of stock on a daily basis. Unbelievable.

it does explain the 15% drop.....I'm sorry an absolute ton of stocks in the market have posted that kind of performance over the last few trading days. Been an absolute bloodbath...where have you been?

mate....where's his business acumen? are you honestly for real? look at the guy's track record.

your in dreamland if you think someone like Tobin with his record is going to throw money at something unless he thinks he can make at least 2-3x...he would just never do it. The chap has made his money investing into early stage tech and sat around for years waiting for huge multiples. He doesn't give a toss about stock market gyrations which mean absolutely nothing vs. the operations of a business.

Honestly it's laughable to see people on here question successful entrepreneurs outlook on the future of a business.

Tobin just bought again! He obviously doesn't think overvalued...

just wondering how board members were thinking here about obvious current oil supply deficits (as goldman currently highlighted) vs. the possible impact of a recession hitting demand and its affect on oil prices? disclosure: not invested but seriously tempted but don't want to be late to party.

my own view is that the deficits will still be there, given the massive underinvestment into fossil fuels over past 20 years, even if consumer/industry demand is weakened. just interested to get thoughts here : )

Dean...can understand your frustration here. It is one of the biggest market anomalies I've ever come cross. Insane levels of revenue growth, strong margins, ridiculous FCF conversion rates, opportunities for growth through M&A and organically. It will get to 1bn plus in revenues in not too distant future...

I don't have a specific answer for you...can only say that on a US tech index a company like this would trade at 30-40x P/E....Centranic is sub-10 I think (PF for Q1 numbers on a forward basis). It's pretty insane and all I can say is that value will play out over the longer term.

why wait when you have a company in such a screaming buy position...even if it drops 15% tomorrow, the takeover premiums in the industry and the company's growth rate and scale ability justify 2o quid plus - the prices at which Tobin was currently loading up at. For some risky play where outcome uncertain, can see the justification for waiting. Honestly can't see the rational with this one...

trust me mate...Tobin's wallet within a year will be so big the wallet will need its own private yaught.

may well end down...wouldn't surprise me. wouldn't worry me either as the signals for this in terms of the people buying make this a screaming buy...short of selling my mother I'm desperate to get more cash for this one.

fascinating to know what drove those buys todays....felt like the russian news flow was the worst we have seen in a month or so??

I bailed out of this above 1 pound as could see it wasn't going anywhere soon but always keeping an eye on it...

God this has been a frustrating one to watch for me. Had been looking at this for the past few months and always been too nervous to enter....had been tempted again at 6p but couldn't grow the balls.

Feel a bit late to the party to try and go in now...as just cannot see what is driving this insane recovery. Checked on bloomberg and no institutions building positions...seems like it's just going through a PI trading bonanza.

Massive respect to those who bought at the lows post results and have seen the fruits.

BigJock...I'll take this one given nobody else has responded!!

Pretty simple....valuation was 2200+ just over a month ago. The stock had kept on riding up through the broader tech sell off (November till over a month ago) and then has been hit with a huge seller. Not only have stellar Q1 and 2021 results been released which show that this company will probably hit 100mm+ plus revenue for 2022, but the chairman Michael Tobin has been buying more stock almost everyday. He was buying at over 2000 and has kept on buying now...

Transaction multiples in this sector have been 3/4x revenue since 2019...and that has been for companies with no profit. Audioboom is now starting to deliver superb profits and is now the 4th largest podcaster in the US.

Altogether....all very positive and I feel incredibly lucky to have been able to buy in at the c.1200/50/300 levels. I'd been originally looking at this stock a few months ago and it only caught my attention again when I saw the huge drop and I had free cash to invest again...

The insider buying is practically free inside information...if someone can show me another company with such committed levels in the UK (or anywhere else), I'd love to be referred.

So confident in this vs. other holdings that I moved money out of Capita to buy more. I honestly thought to myself what it's like holding recovery stories like Capita and Petrofac and how nervous I feel about updates and how much it all depends on getting big contracts....and how that even heightens risk on the cost side as to get them they have to bid aggressively etc.

As much as I think those stories could play out well I think my confidence here is greater without all the worries of the uncertainty of whether the company can pull it off. the numbers in Q1 and 2021 speak for themselves. may be wrong decision but you always have to judge it probabilistically...certainly don't see many insider buys at those institutions.

TheSoundMan....really could not agree anymore. I've got nothing else to add to that...

If someone knows something beyond Tobin...I'd love to hear it because I'm completely stumped as to what it could be.

can understand everyone's blood pressure on this one...am going through it myself...

however one has to think rationally about it and keep coming back not only to the fundamentals but also the insider buying. Look at Tobin's record and even just the Q1 trading update 3 weeks ago.

hey bud....logging on to check bloomberg now...will be able to find out straight away

would be highly surprised if he sold here for the THG purchase....he knows Tobin well and will be as much in the know about the future value that can be realised here.

BTW busybuilder....I wasn't meaning to sound rude or petulant with my comeback to you - sorry if it sounded that way. Just trying to express how different things are here. Couple of things to keep in mind also...Audioboom share price was going up and up through the original tech sell off (don't forget that started in November!). The recent drop has been to a huge seller...

Also with Tobin buying...he doesn't know what the market is going to put on business multiple wise and he cannot forecast what will happen to the share price. Owners like him can only know one thing when they buy....revenue and earnings growth is going north and even at a flat multiple the shares will be worth a ton more in Audioboom's case. He's the only one who knows how much earnings are going to beat consensus this year...given he buys more most days...I'd say we have an owner who think its going to blow it out the park. Just my take on things...

Yeah mate...but the premium depends on growth prospects for the business - Audioboom is looking at 100mm in revenues this year and turning a profit. Might be 30% premium for your 10% per annum mature business in a stable industry...it doesn't apply across the board to exceptionally fast growing companies, and doesn't change the multiples that have been paid in Audioboom's sector up until now. It's multiples that matter not % premium to share prices.