RE: Share Price25 Apr 2017 14:59
hi guys , iv been invested in this just over 14 months bought a few sold a few at a nice peak price of 3.15 , but have been buying a lot more in the last 6 months as the price has been dipping , don't really like aim shares that keep asking for more money with dilution , but with this one i do like the way things are happening , moved from UK to USA
as they understand pod casting , its massive over there , would of liked the Chinese deal if it meant we could enter their market , maybe this is something in a few years they will try again , i think the price has been affected by dilution coupled with the bad press headlines such as Audioboom loss widens last year , what people don't understand is Audioboom has done all the hard work in as much as the software/hardware is built , its now just a case of sales which are moving along very nicely , the ongoing costs are going to be higher than normal as they moved from UK to USA , but a lot of these costs will be one off and moving forward our costs should reduce i also think our costs will be higher than forecasted as they are increasing reveues faster than they first thought which takes investment , as for the share price of cause i would like it higher but for now i'm happy as it gives me more time to increase my holding , moving forward this is a 2-5 year share , as soon as we hit profit then i see the share price moving very fast northward , but until they can prove that the gap between costs and revenue is reducing and they do hit profit when they say and there will be no more dilution then the share price will stay between 2-3p for a while longer. the plus points and the reason i am buying is the growth of revenues and the growth partners is staggering , what other aim company can say revenue is one year 200k the next it going to be 5 million then 15 million ok they still have to achieve this but in the last 8 quarters then haven't missed there targets but have beaten them consistently
patience is the key gl to all