Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Maybe the recent turnover in shares is actually good for the company. Extremely painful if you've invested here and seen your investment drop from £22 to almost £10 but any weak holders will be out, people will have taken profit and hopefully new investors will have come in. Remember, this is still a growing business with a unique platform, which is a confirmed takeover target. Whether a bid will come and whether it will be any good is anyones guess but if you hold for the long term, I'm sure you'll do well buying at £10.
Success for us littleuns at the AGM meaning we get to keep pre emption rights. No more cushy deals for institutions and mates rates for high net worth friends of the brokers with discounted placings. What a brilliant day!!!!
The fall in share price is devastating but I keep re-running the valuation and it doesn't make sense to sell...unless someone knows something we don't.
Every other podcast deal I can find is on 5-10x revenues which would value Audioboom at an absolute minimum of £19/share, based on conservative revenues of $80m.
I think we'll do closer to $100m and there should be a premium for the platform that has been developed here.
For some reason this was reported and deleted but: The drop is phenomenal and over 30% in 5 days. All of this with incredible results reported, the company is growing, getting more profitable and is a known takeover target (reported in the media). There shouldn't be a need to panic. If the company was not listed and you couldn't see the share price, would you want to sell?
The volume is also not super high, so I wonder who is doing the panic selling. It's more that there are probably not many buyers about in this market to help stabilise the price? Going to be a good opportunity for someone.
The drop is phenomenal and over 30% in 5 days. All of this with incredible results reported, the company is growing, getting more profitable and is a known takeover target. There shouldn't be a need to panic. If the company was not listed and you couldn't see the share price, would you want to sell?
I hope they really pay attention to the wording of the RNS. In today market with liquidity returning it could be a big factor to how everyone reacts. They need to make it easy for investors to understand how well they are doing and implications on profitability.