Member Info for LosingLess

Allenby note out today - see last line about cash burn

Audioboom plc* (BOOM.L, 1.4p/£16.4m)
9m trading update - FY to be below expectations (04.10.18)
Q3 revenue increased 14% on Q2 FY18 and 26% on Q3 FY17 to more than $2.4m. In spite of this growth, revenue for the 13 months to December 2018 is now expected to be in the range of $11.5m to $13m (ACLe forecast for the 12 months to November 2018 was $13.6m). The revised guidance still represents >100% growth on FY17 ($6.1m).
The shortfall in revenue will result in a larger loss than expected (ACLe: $3.1m) and management is guiding to an adj. LBITDA of $4.5m to $5.5m (FY17: $5.7m). Cash at the end of September was $1.6m (H1 FY18: $0.4m) following June's $5.9m placing. Cash at the end of June was $3.4m having settled creditors and costs of the aborted Triton Digital acquisition.
The aborted transaction with Triton Digital is cited as the main reason for the performance shortfall as the company lost some long-standing content partners to rival platforms as it was focusing resource on the acquisition. Management believes this is now behind it and can point to high profile signings including Formula 1 and Jonathan Ross and new AON content such as 'Dead Man Talking'.
The number of number of smaller podcasters that are paying subscriptions ($9.99 per month) to use the Audioboom platform has increased 19% to 1,883; revenue per 1,000 listens in the US is up 40% and the brand advertiser count was 154 at Q3 (Q2: 130).
Separately, Michael Tobin OBE, who joined as non-executive chairman in September, acquired 1.2m shares (04.10.18). And a further 0.7m on the 8th.
Allenby Capital comment: Disappointing update from the podcasting company and in contrast to the positive tone in July's interims. Although the company has continued to grow in revenue and other KPIs, trading has taken longer to recover from the distraction of the aborted transaction with Triton Digital. The guidance for the final four months suggests a substantial uplift in trading (between $5.7m and $7.2m) from the first nine month and management believes this will come from further growth in live read advertising in the US, sponsorship agreements plus live read advertising in the UK (similar to the Bose/F1 deal) and buy-side advertising agency sales. This level of revenue plus the cost savings already undertaken would result in a much lower loss in the final four months (c. $0.8m), per the guidance.

K3VMC, Totally agree as a recovery play. I sold some in the summer went things were uncertain and bought more yesterday based on the drop.

Gunner, if it wasnt for RP the Triton deal would've killed boom, started with the best intentions but then it went pear shaped and old chair, who was running it had no idea.

Gunner,

Have you ever spoken to anyone at AB regarding Triton?
Did you wonder why the old chairman was booted out ?

vox

D14...

Your calcs ... what did you assume for the upfront payments made to new podcasters for long term contracts?

lol - that chart is useless
What will determine the price from here is how well they continue grow post triton.
The last few months have shown that are recovering well but were in a bad state when the deal fell through.

Athletico Mince went and a few others I believe.
Let's not forget new ones are coming in, however retention is key

Which podcast gunner? I have noticed a few have moved. Hip hop saved my life has gone too. Not great news. Fall out from Triton

Alyhels - Good balanced view. Best of luck

Alyhels - Your view is if really good news the share price will go up. This is true for almost all shares.
Facts - Based on the assets they have proven so far which are basically not economical (the grades are below most companies cut-offs limits) then it is a fingers crossed and hope for the best type investment which tantamount to gambling on red or black - glad you see it is as purely a punt also.

Alyhels - Your view is if really good news the share price will go up. This is true for almost all shares.
Facts - Based on the assets they have proven so far which are basically not economical (the grades are below most companies cut-offs limits) then it is a fingers crossed and hope for the best type investment which tantamount to gambling on red or black - glad you see it is as purely a punt also.

Looks like gwmo is getting some stick from copper bulls on twitter #gwmo

Sounds good, but the demand for Lithium has been a talking point for a long time.
How are KDNC going to capitalize on it and return some value to investors.
1.5p to 0.15p in 4yrs

Andy's arrogance when he wanted a place on the board and then would not attend an interview and claimed he has way more business than existing board was very odd. Coupled with his constant "I own 10%" was enough for me. Lost all respect

Agreed. Grades are abysmal. I am at a loss at how people think otherwise. How can anyone with the slightest idea think otherwise? This is not a deramp. Please just Google copper grades or look at other copper juniors grades. These grades are below most people's cut offs ... Why? Because it costs more to dig it up and process it than it is worth ... This is fact

They are roll overs not big buys

If it is based on Share talks charting then I am surprised, especially as last RNS was not great

If there were a placing coming why would Steven Pearce being buying on the market and not placing shares? Andrew Bell is proving everyone right however by his lack of updates and reassuring news ... Just look at the SP I will load up sub 0.4, but not by Bell and his ****t habits

FST don't seem very active with regards to investors and do not seem to appreciate how news flow reduces volatility. The twitterati and BB don't see it as a popular share. However, this can be positive if you are aware. The share is oversold based on bad news (summer RNSs). However, although DAB sales have tailed off they will not disappear and there are lots of products in emerging areas. Sound bars still a steady market My concern is why would anyone buy an alternative brand smart speak when echo/home speakers are so cheap (although people still buy low end tat electronic stuff to save a few quid). If they can get into providers that offer more (smart speaker integrated with other smarts) and they get some decent volumes they could do very well. The results next week are priced in, let's see if there are glimmers of good news

That'll do.