Member Info for NorrisCole

For sure ....

Starting with a 3 come the end of the week. Dog of a share ....

Share price down by 50% in less than 2 months on no news. Trading update in early Jan appeared pretty robust and outlook upbeat ... worth a look I think ...

S&N - good results today, exceeding expectations and as always, a strong move up at the start of the day and gains gradually eroded as the day progresses. We'll probably end the week with a lower SP than when we started ..... hopefully i'm wrong though.

Exciting times indeed .... are we due any trading updates from BOOM at all in the foreseeable ?

Very overdone in my opinion. This will be another UK plc taken over by a US corporation over time and another loss for the UK with the specialist work that Renishaw undertakes

WOSG up on strong Richemont Q3 earnings

Indeed, shocking performance in 2024 and just how low can this go? You'd have thought with the push in UK housing starts (its a similar thing in Australia where housing demand far outstrips supply) that Victoria would be a beneficiary here but the SP thinks otherwise. Interesting Morgan Stanley have increased holding to 11% from 10% ...

NickRubens - I tend to agree. I'm finding the UK less appetising and I've been in the market close to 40 years now. Interestingly I was on a webinar with a global investment firm where the fund manager on a global fund was presenting. The best prospects remain the US and also India, with the UK and especially Europe, very subdued. The weighting of his fund was around 47% North America, with 7% UK.

The UK holdings are Ashtead, RELX, Weir, 3i and Compass Group. Also, none of these 5 FTSE-100 stocks are pure UK plays, most have predominant US exposure, with 3i through its holding in discount chain 'Action' skewed towards Europe. Sums it up really ...

Agreed Maestroman - both IAG and Jet2 performing better of late yet EasyJet languishes and retraces any upwards ticks

Agree Porsche - I'm gradually selling out of all my positions in the UK market, which at the moment , and actually, for a long time, have found to be unexciting and not investable. There are some exceptions, Rolls Royce, NatWest notable, but sectors which are doing well, travel, airlines still under the cosh. Stateside, Booking.com is trading at or close to record highs.

Smiths UK high street arm has long been stable/in decline and the international and travel business still experiences good growth. I've not looked at any charts but how is the current SP faring with the 2020/21 SP when Covid travel restrictions were in force?

No idea.... a 10% retrace from last week. News out this morning that supermarket sales (food related) are the highest since pre-Covid which you'd think be a positive on the SP, unless already baked into the price. Likely that the increase in Employers NIC from next April is a factor here

Interesting - you'd have thought they would have put an announcement out about this

Thanks Bearhunt3r - when are we due to expect further announcements from Boom? There was some good news out from WPP not so long ago re the advertising/media markets, and with Boom's revenue base being largely driven by selling advertising space this should, hopefully bode well.

Morning all

Any thoughts out there re today's budget and potential/likely changes in CGT and IHT - especially IHT on AIM shares, especially if Reeves removes/tinkers around with current IHT breaks on AIM shares.

This bulletin board / forum is getting very tiresome, people taking lumps out of each other, and no real content over the state of Audioboom.

Lets look at the evidence, as Loyd Grossman used to say on 'Behind the Keyhole'. AB came out with positive news a few days ago, the SP goes up 15% and now we're trading at levels pre-announcement. There is no follow through buying here to sustain a rally in the SP, so the SP drifts awaiting the next update. A similar case is Ceres Power and its SP, a 33% increase in a week a couple of weeks ago on decent news and then a 40% decline over 8 trading sessions since then on no news and we have that steady drift back down again.

My hunch is that there are investors who have bought in at levels far in excess of the current SP and taking any decent spike in SP to offload rather than buy, given the volatility in these types of holdings.

Is AB liable to be taken over ... possible, but at what premium - probably no more than double the current SP.

Do AB's metrics stack up with revenues? AB in their latest presentation state revenue CAGR of 44% since 2017 to date, but surely the better metric to take is what its been doing over the last 3/4 years, where the business has become more mature and revenue growth from $60.3m in FY21 to FY24 (Est) $78.8m I calculate a CAGR of around 9%. The industry average CAGR they state is 22%, so if AB achieves 22% CAGR it will get to $260m in revenues by FY2030. However, if over the last 4 years AB is underperforming the industry, which I calculate that AB is doing, then is $260m in revenues by FY2030 actually achievable?

Stock prices such as AB are to a large degree dependent upon revenues and expected growth rates and whether these are exceeded. Personally, I think the SP is range bound and will continue that way unless revenues are smashed quarter-on-quarter, or someone comes in with a bid approach. Recovery in the advertising market will certainly help with the revenue numbers, but do I think AB will get to $260m in revenues by FY2030? Lets see in 6 years ....

Agreed Noggers - a near 40% decline on no news in around 8 trading sessions is a bit of an alarm. Personally, I think the days of long-term investing are behind us, especially with shares that are more volatile in nature, with Ceres being one. Any SP rises on the back of good news are just sold out, with the SP drifting down until the next news feed.

Do we know what the FY2024 earnings expectations are?

Very good to see Rivaldo, with some very positive news flow.

Ironically the company is probably primed better now in terms of future business than it was several years ago when the SP was in the 30's .... and we are still sub-10p.

What's the best way to destroy shareholder value - go out and make an acquisition and normally one that's in the US. Seen it time and again.

Looking cheap and if anyone was circling this a few weeks ago, its now 20% cheaper. Ripe for takeover in my opinion once the initial dust settles, and then we (UK) bemoan we've lost another listed company ......