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There was a very good bit, I thought anyway, that wasn't specifically about SEED but markets in general saying that, especially in the small cap sector, they are currently throwing up opportunities for people who have done the numbers and researched thoroughly. A lack of volume currently can lead to pricing anomalies and these are the times where large positions can be built at the right price.
ITS recently was walked down nearly 50% over a few days on a reasonably mild warning on cost pressures only to find that one fund had sold out to be mopped up by the other few funds still holding.
Had to laugh at how many times Ed had to correct himself and say this is not investment advice as he repeatedly restated the valuation vs share price was out of sync.
Tie up with UFC?
Depends on what he is targetting as his ROR for future investments. I would expect that they target a minimum 100% return dependent on timeframe.
With this mornings muted reaction to what I thought was a very strong affirmation of everything that the Company has been working towards it will be interesting to see what the longer term response is after a bit of press, hopefully, and the investor presentation tomorrow.
I think the lack of a counter offer to the AAA bid has left a lot of people a bit unsure as to what the company is worth and being the only one in the sector this side of the pond it is not that easy to benchmark it.
The big money doesn't walk in on the first few hours of an announcement so still thin volume with a few short term traders leaving after the spike fizzled out.
Must be sad and boring life having to constantly look back for stuff to talk about and constantly reminisce about stuff thats gone it cant be changed.
Unfortunately it's not a trading company but a bundle of smaller investments that we have little control over timing or newsflow.
Will we have the usual afternoon buying today to leave this poised to push through recent highs next week leading up to Wednesday? Not a great chartist but all looks poised, its done its retest etc etc, to push on again.
Thanks Rush.
Busy - I can't see it personally. I would of thought that an acquisition was more likely with any spare cash. I can see a Nasdaq listing after the full year results coinciding with a big equity raise and then going on to hoover up a few of the smaller players over the pond.
Seeing as people are willing to put numbers out there here's mine which I posted on the other site last night:
The numbers are a bit out there but I have taken some of the wording and emphasis on the last update so bear with me.
Before I start these numbers are for me and me alone. Ridicule is welcomed and do your own research.
All in dollars.
So 6 months to June 21 was $22.8 Million(avg $3.8 million per month)and of that Q2 was $13.3 ($4.3 mill per month).
August was $7 million!!!
So to the wording."the Board now expects that Audioboom will generate revenues for the year ending 31 December 2021 significantly in excess of the Board's expectations at the time of the Company's half year results"
The 6 month revenue was $22.8 so they must have been expecting to double and then some at the issue of the results so say $50-$60 million. They then said significantly ahead not just ahead only 8 weeks later. So whats that $60-$70 million.
$70 would give the second half revenue of $47.2million ( $7.8 million per month). August was $7 million so is that so far fetched?
I've therefore set the following targets in my workings:
Q3 - $19.5 to $20.5 million with EBITDA profit of $1.0 to $1.3 million
Year to Dec 21 - $65 to $70 Million Ebitda of $3.5 to $5 million with an overall profit after tax
Year to Dec 22 - $110 million to $130 million. Ebitda of $10 to $15 million.
18 month price target of £31.50
Firstly FFWD was a sack of '@@@ a good idea with the wrong people running it and no great incentive to protect capital and ensure investments were sound and on that front I think SEED is a different beast from FFWD.
However I do feel for ED a little bit here as looking around the market/s the number of companies that have IPO'd and then crashed must be leaving ED and the owners of our investments who planned to IPO with a headache as to when to go back to the market as a lot of Capital funds must be sitting on big losses.
I personally think the timeframes for SWB, Northern Leaf etc will have moved back several months until their advisors are happy with the market actually being there for an IPO. Leap is probably different as the betting area seems to be consolidating so could be more immune than other areas.
Just my musings but I think the liquidity event pipeline may be a bit longer term than many on here would like. Personally I'm happy for the businesses to grow in house but that does leave funds for the next investment in shorter supply.
Supposedly over 20% of the shares traded today although a lot seem to be crossing trades but heavy none the less. I would expect to see a holdings RNS very soon which might show who has baled.
Is this good value here who knows? I want to invest for the long term so is another 10p worth waiting for? How much of the drop is caused by someone wanting out, seemingly, at any price.
Thanks that looks perfect I'll give it a shot tomorrow.
Does anyone know of a platform that will allow a Limited Company to set up an account, I think Hargreaves used to but they have stopped opening new accounts all but online deal only accounts for individuals due to the pandemic?
Reefles - Middle aged Uni drop out sits around testing product all day while watching Jeremy Kyle reruns. Looks like Neil out of the Young ones.
Reefles - Middle aged Uni drop out sits around testing product all day while watching Jeremy Kyle reruns. Looks like Neil out of the Young ones.
..........as opposed to people watching. I enjoy watching the boards on days like this trying to imagine what the posters are actually like in real life and whether they are actually like their alter image/s. It's more entertaining than watching my sharescreen this week that's for sure :)
Longlad
LOL
Wouldn't be the first time that NAV has drifted away. Think the spread of investments currently hedge's it somewhat now. Easy to sell at the moment as you can argue that the catalyst to correct the NAV is 3 months out and even if you like the company you can buy back in probably at not to much cost.
Sit on your hands if you believe that Value will out in the end or top up if you are able and believe the value is there.
Game of chicken now. How long and how low do you leave before a) buying back in if you sold b) adding to your position if you believe your own calculations for value.
Or do you sell out as you think it will take to long for value to feed through.
MM's seem to be having a problem finding sellers this morning. May need to push it up to £11.00 to get a few people to take some money off over the weekend.
Or LGP which is purely a valuation trade and not an investment.