Member Info for Hedgehog100

23rd Oct 2020 4:35 pm RNS H1 Trading Update
"COVID-19 Products
During H1 FY21 we launched automated immunoassays for the detection of SARS-CoV2 IgG and IgM antibodies, which can detect past infections and also provide critical public health information. We also provided outsourced manufacturing services to The Binding Site (UK) for their ELISA-based SARS-CoV-2 antibody test. Revenue from COVID-19 products amounted to £0.4m during Q2 FY21. In conjunction with one of our partners we are working on the development of a saliva-based rapid test for SARS-CoV-2 antigens. This test would allow for immediate identification of individuals with an elevated amount of SARS-CoV-2 and be extremely helpful for curtailing the spread of the virus."
https://www.lse.co.uk/rns/IDH/h1-trading-update-se9tywpdw15uwsx.html

This new COVID-19 antigen test is a logical extension to IDH's COVID-19 range and should be launched soon.

" ... They have created new podcasts and seem to be targeting an audience I don't think they previously did. It only takes one of these podcasts to take off and things would change quickly. In fact the key is probably to keep creating new content and hope that one of them becomes a huge success in the US. ..."

Will,

In that case, BOOM's 7th. October RNS is very encouraging:

7th Oct 2020 7:00 am RNS Strategic Partnership and New Original Content
" ..Audioboom also announces a new slate of original content launching across autumn, as it continues to focus on the growth of its production business.
New to the Audioboom Originals Network are:
- Baby Mamas No Drama which premiered on 29 September. Hosted by stars of Teen Mom 2, Kail Lowry and Vee Rivera, the show has become an immediate hit, reaching number 1 on the Apple Podcast chart;
- Because Mom Said So featuring the stars of hit US reality show Dance Moms which launches on 8 October; and
- Raising A Pro, a sports show hosted by ESPN correspondent and NFL mom Annie Apple, premiering 6 November. ..."
https://www.lse.co.uk/rns/BOOM/strategic-partnership-and-new-original-content-hik6znk34azem0i.html

"1 - being saying that for 2 years (cost of sales is too high to make big profits it seems)"

Really?

Here are the figures from two years ago:

4th Oct 2018 7:00 am RNS Trading Update
" ... Record revenue for the quarter ended 31 August 2018 in excess of $2.4m, up 14% on Q2 2018 and 26% up on Q3 2017
... The adjusted EBITDA loss before exceptional items (being costs of the Triton transaction and corporate restructuring) for the 13 months ending 31 December 2018 is expected to be between US$4.5m and US$5.5m (12 months ended 30 November 2017: EBITDA loss before exceptional items of US$5.7m). ..."
https://www.lse.co.uk/rns/BOOM/trading-update-v5pdhn4cjncsu5n.html

Compare that to now:

14th Oct 2020 7:00 am RNS Trading Update, Conclusion of FSP and Subscription
" ... Q3 2020 revenue of approximately US$6.5 million, up 15% on Q3 2019 (US$5.7 million) and up 19% on Q2 2020 (US$5.4 million).
... Adjusted EBITDA** loss in Q3 of US$0.4 million represents an improvement of 59% on Q3 2019 (US$1.0 million loss). Year to date loss improved 32% to US$1.6 million (nine months to 30 September 2020: US$2.4 million loss) ..."
https://www.lse.co.uk/rns/BOOM/trading-update-conclusion-of-fsp-and-subscription-4txubdayuii47gk.html

"2 - How much have BOOM burnt to date? What is the pay back for that?"

The Audioboom business has cost £10 of millions of equity to build up over the last decade, which is indicative of the immense inherent value here compared to the current market cap.

This can be indicative of a bargain in investing.

"3 - Have the revenues got significantly better during lock down? Comparing to spotify and thinking that reflects on BOOM is incredibly naive"

Really?

I posted this on ADVFN on 10th. October, four days before BOOM's record trading update:

"... And note how well the Spotify share price has performed this year.
... That's a reflection of how online providers have tended to benefit during the current pandemic, and of how online advertising has recovered during H2.
And that bodes very well for BOOM's imminent trading update ..."

Far from being naive, it enable me to accurately predict the positive update.

There seem to be plenty of people willing to buy at these prices, including the directors.

Not surprising , as there are some big bull points here, including:

1. BOOM IS closing in strongly on profitability.
Annualised revenue is U$26 million (£20.15M.), and growing strongly.
Annualised adjusted EBITDA loss is US$1.6 million (£1.24M.), and falling rapidly.
It shouldn't take much more growth like this to move the company into profit.

2. BOOM is very well-funded, after the new £3.15M. strategic investment at 225p per share, to help fuel growth.
The fact that 192 were keen to invest over £3M. into BOOM, out of all the companies in the world, at such a big premium, shows how shows how undervalued this is.
And look at 192's success in choosing multibaggers.

3. BOOM is lockdown-resiliant, and if anything should benefit from increased activity online in lockdown.
Note how well the Spotify share price has performed this year.
That's a reflection of how online providers have tended to benefit during the current pandemic, and of how online advertising has recovered during H2.
Investors should gradually wake up to the potential here as a pandemic play.

4. The icing on the cake: likely takeover of BOOM in due course at multiples of the current share price.

Skid,

It is correct, you are quite wrong.

Yes, 4 times is too big a premium, we agree.
But it the BOOM s.p. doubles, then that same takeover price would only be a two times premium , which predators would find far more palatable.

The company is looking to provide EXCEPTIONAL long-term value to its shareholders, not appease short-term AIM punters:

14th Oct 2020 7:00 am RNS Trading Update, Conclusion of FSP and Subscription
" ... Michael Tobin, Chairman of Audioboom, commented: "I am pleased that Audioboom can continue its growth story as an independent business following the conclusion of our strategic review and formal sale process. We were buoyed by the interest in Audioboom as an acquisition target and as a leader in our field during a process that was impacted significantly by Covid-19. In welcoming today's subscription by One Nine Two, we are confident that our business model and access to capital can drive our expansion independently and provide the best route to exceptional long-term value for our shareholders." ..."
https://www.lse.co.uk/rns/BOOM/trading-update-conclusion-of-fsp-and-subscription-4txubdayuii47gk.html

Skid,

People want it alright, and were prepared to offer well over double the current share price.

But BOOM probably want about four times the current share price.

Can you name me some examples of companies being taken over for about FOUR TIMES their current share price?

It doesn't tend to happen, because managers don't want to be perceived to be overpaying.

So, BOOM's game plan will be to get the share price up to a much higher level, so that a price of around £7.50 per share will be seen as an acceptable premium to pay.

The £3.15M. strategic investment at 225p per share, to help fuel growth, is a great start, and shows how undervalued this is.

And predators now know that they cannot pick up BOOM on the cheap, and that the company are prepared to walk away if their valuation isn't met, and obtain investment at a big premium from elsewhere.

Predators know what they have to pay, and are free to do so in due course:

14th Oct 2020 7:00 am RNS Trading Update, Conclusion of FSP and Subscription
" ... This does not prevent any parties approaching the Company in due course, but this would no longer be within the framework of a FSP and the Company will not be actively seeking prospective buyers. ... "
https://www.lse.co.uk/rns/BOOM/trading-update-conclusion-of-fsp-and-subscription-4txubdayuii47gk.html

14th Oct 2020 7:00 am RNS Trading Update, Conclusion of FSP and Subscription
"... Q3 2020 revenue of approximately US$6.5 million, up 15% on Q3 2019 (US$5.7 million) and up 19% on Q2 2020 (US$5.4 million). ...
... Adjusted EBITDA** loss in Q3 of US$0.4 million represents an improvement of 59% on Q3 2019 (US$1.0 million loss). ..."
https://www.lse.co.uk/rns/BOOM/trading-update-conclusion-of-fsp-and-subscription-4txubdayuii47gk.html
Based on the Q3 figures:

Annualised revenue is U$26 million (£20.15M.), and growing strongly.
Annualised adjusted EBITDA loss is US$1.6 million (£1.24M.), and falling rapidly.

It shouldn't take much more growth like this to move the company into profit.

Look at how well LOOP (Loopup) has done: market cap. £130.29 million at 235p.
A five-bagger from its March low.

Some people said that it couldn't compete with Zoom, but there is always room for competition.

BOOM is lockdown-resiliant, and if anything should benefit from increased activity online in lockdown.

Investors should gradually wake up to the potential here as a pandemic play.

16th Oct 2020 7:00 am RNS Director/PDMR Shareholding

Director/PDMR Shareholding

Audioboom (AIM: BOOM), the leading global podcast company, announces that on 15 October 2020, Michael Tobin OBE, non-executive Chairman of the Company, purchased a total of 5,000 ordinary shares in the Company at a price of 196 pence per ordinary share. Following this purchase, Michael Tobin holds 190,476 ordinary shares in the Company, representing approximately 1.36 per cent. of the Company's issued share capital.

The FCA notification in respect of the above, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.

https://www.lse.co.uk/rns/BOOM/directorpdmr-shareholding-js243i1urd11u8h.html

Torreaguas,

It's only been two days since you e-mailed them on Tuesday, and running a listed company is very time-consuming.

In addition, there may not be a simple answer to your question, and/or it may not be seen as appropriate to give just one shareholder the info.

The next big news should be about the takeover waiver, with an update expected this month, so that's what I'm focusing on at the moment.

Thanks to Dirty75 on ADVFN for posting this great research on One Nine Two this morning:

dirty75 14 Oct '20 - 10:45 - 3370 of 3377 0 3 0
"i see the 192 investment fund got into AAA at less than 1p - now 8p, and ASLR at 2p - now 24p.
How far will they push Boom?"
https://uk.advfn.com/cmn/fbb/thread.php3?id=40771634&from=3370

And with just a 10% holding, they have plenty of scope to buy more in the market.

From today's closing price of 197.5p, BOOM looks good on both a short-term and medium-term basis.
The long-term probably won't apply, because I would expect it to have been bought out at multiples of the current s.p.

High-growth, well-funded, lowly-valued, and with COVID-19 resiliant online business.

There's not that much outside of the health and gold sectors that looks attractive in these uncertain times, so BOOM has a real scarcity value.

And note how well the Spotify share price has performed this year.

That's a reflection of how online providers have tended to benefit during the current pandemic, and of how online advertising has recovered during H2.

And that bodes very well for BOOM's ongoing trading, its future, and a potential takeover of the company.

No, absolutely not.

And what a sad attempt to try to muddy the waters by making such a silly suggestion.

I also note that there are still no denials from you.
Just as there weren't from schaden & Jezabel earlier ...

Now, why not tell us why you chose "schaden" as one of your handles here?
Well, it's clearly freudian, isn't it: try to get off on 'schadenfreude'.

What an incredibly sad individual you must me, with such an incredibly sad and empty life.

But you haven't had much success with it over the last couple of month, have you, with RMS doing so well.

No denials are there!

Rick,

Are you aware that your deceptive market abuse posting constitutes fraud, a serious criminal offence?

Probably not, because you are rather thick.

So KAT have TWO projects each one of which could more than justify KAT's current market cap.: a modest £7.14M. at 2.2p

And either one of which could potentially multibag KAT from its current lowly share price.

The fact that we have both for this price is quite a bargain.

Plus we have the extra benefits of two opportunities: double the newsflow, and risk diversification, including by countries and metals.

"Do you deny that you are also the posters "schaden" and "Jezabel" on the RMS board?"

Just to clarify: I mean the LSE RMS board.

He is also "pilotov" on the ADVFN RMS threads, and probably others there as well, though I haven't really looked into it there as I have better things to do with my time than keep investigating trolls.

P.S. Congratulations to myself on this, my one thousandth LSE post.

RivieraRick,

Do you deny that you are also the posters "schaden" and "Jezabel" on the RMS board? Because we both know that you are.

And you have the audacity to accuse others of misinformation, when you are committing market abuse by trying to give the impression of more bearish posters on RMS than there actually are.

You are a sad little wind-up merchant. Monstrously immature, and with serious mental issues.

RivieraRick Posted in: RMS Posts: 75 Price: 0.26 No Opinion
RE: CONVINCED 16 Jul 2020 19:58
"If there's news coming - I will eat my hat."

Rick,

Well you're certainly no expert: the s.p. at 0.55p is over 100% higher than when you posted the above at 0.26p, and there's been a spate of news.

Your another of these posters (or is it just one?) who only posts about RMS, always negatively, and always with the same sort of style and comments.
Funny that isn't it.

Recent Share Trades for Remote Monitor (RMS)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
07-Oct-20 16:19:40 0.7374 1,356,116 Buy* 0.70 0.75 10,000 O
06-Oct-20 11:52:02 0.73 6,250,000 Buy* 0.70 0.75 45.63k O

Yes Lawrmyer,

To put in £45.63K. you have to be pretty confident.

But RMS is a fairly exceptional opportunity.

Well if it wasn't P2F referred to on 17th. July, then Trevor Brown was even faster than it looks, in arranging P2F as the alternative !
But of course it was P2F.
"Medtech and biosecurity" is referring to the rough sector categorisation, not a precise description of everything P2F does.

As regards waivers: three to four weeks isn't three weeks, and even that could have been misunderstood and/or misconveyed, especially if the advice was given in a phone call.
It certainly seems faster than my experience .