Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
As promised, details of every share purchase by Michael Tobin, including pre the consolidation.
(OMG MT... Just done this report and he's bought again. Todays purchase 01/05/24 not included)
MT has made 92 share purchases in BOOM since the 1 for 100 consolidation in June '19. He has bought 326,667 shares at an average price of £3.94. Cost £1.287mln.
Pre consolidation he made 9 purchases. He bought 5,908,228, paying £77,190 at an average of 1.31p. Converting to post 1 for 100 he therefore bought 59,082 for £77.2k.
He has never sold and has now made 101 separate purchases of BOOM shares. He has also received various warrants/options over the years, these too have not been sold.
Adding pre/post together he's paid £1,364,391 for 385,749 shares. His current average purchase price is now £3.53. So he has actually forked out 1.364 million pounds in buys of Audioboom stock. I see people on here asking for more meaningful purchases. 101 buys (no sells) for £1.36mln is pretty meaningful to me.
MT's a shrewd operator so what next for his massive investment in BOOM? Watch this space.
Ps Z7795 claiming his average is 980p is for the birds. He would have paid out £3.78mln if that were true. Zak's other claim was that Tobin purchased 33,000 shares at £19. Really! That would cost £620k. MT's biggest of his 101 buys was £59k.
I checked all rns's and found no evidence of these wild claims. I'm with you now Bearhunter in thinking Z7795 is the Lying King.
Unbelievable schoolboy error by Z7795.
In December 2018 BOOM weren't just over £1. This was pre the 1 for 100 consolidation. The share price was actually just over 1p. Tobin purchased 9 times before the consolidation took place in June 2019. EG he purchased 545,000 on 26/10/18 at 1.25. Not £1.25 but 1.25p.
MT's average purchase price since the consolidation (92 buys) is currently under £4. I will add the above 9 purchases (all below his post consolidation average) and give the absolute average he has paid. It will come down a little with those 9 added.
Embarrassing drivel being spouted and passed off as fact.
Good spot Bh3.
I have seen speculation about BOOM moving to Nasdaq on this board. With so much of it's business done in the US it does seem logical. Audioboom may not yet meet all criteria necessary for the Nasdaq otherwise it would surely have done this.
Nasdaq buying AIM would be an interesting move but with so many loss making tiddlers with tiny revenues on the AIM? The AIM is currently bombed out though, with many stocks 80%+ below their peak. The main market hit new highs this week but the AIM is just above half of it's high. Maybe ripe for picking?
I've regularly teased that Michael Tobin is taking BOOM over by stealth. With a market cap below £40mln and so undervalued this could actually be on the cards. MT may consider heading an MBO. The management could continue to develop and grow the business. Three years of sustained growth and banked profits would then enable Audioboom to seek a full listing on the LSE and realise it's true worth.
In the meantime any of our rivals could offer a substantial premium to the feeble market cap for a company in this strong growth sector, pre or post my hypothetical buyout.
MT has made 6 further purchases since my report in October'23, at the start of this thread, Pandy2.
MT has now purchased 316,167 shares since the consolidation, stumping up £1,261,616. He has reduced his average to 399p and has sold NO shares.
Ps As stated, his purchases since consolidation started at a time when revenues were forecast to be around $20mln. This year the forecast is nearer $80mln.
After 14 months of perpetual FUD spreading, has Z7795 finally closed all shorts? His first ever positive comments without any caveats indicate he may now be hoping to induce FOMO.
Today's statement from Stuart Last states Audioboom are on track for record revenues this year. Nothing changed there. Some were hoping for an unrealistic blowout first quarter and are perhaps disappointed, but the recent stream of news indicates Audioboom are in a better position than they've ever been in.
The appointment of Molly Hogan Harvey and Shaun Wilson is very significant. They have come to Audioboom from two different companies with a joint market cap of $72 Billion. Boom's cap is $53 Million or $0.053 Billion. What could possibly attract these two market 'heavyweights' to Audioboom? Hmm!
The concert party involving the 2 doomsters strikes again.
Z "I've got 75,000 BOOM shares... honest" and X the apologist for the attack dog Z.
Why would Zak, who claims to hold 75,000 BOOM's (yeah right) at an average price of 460p (total invested £345,000) be so happy to bring his shorting story to this board first thing this morning? Did he think it might help his 'investment'? No. He hoped it would AGAIN spread FUD in the hope of lowering the share price. Your game is up Zak. Everyone on this board, except your apologist 404x, knows what you are and sees you getting ever more desperate as Q1 results loom.
As for 404x. Each time someone calls Dr. Doom (Z) out for what he is, he quickly jumps to his defence. X claims any poster with a negative view on Zak has 'mental health problems'.
Bad form 404x!
I have seen this defence from the apologist 404x so many times against regular and excellent posters here. He then spouts "You're too emotionally attached to this share". He doesn't understand that investing isn't emotional... It's financial.
Bearhunter. Keep calling these trolls out. Playing the mental issues card is SUCH A LOW BLOW it's contemptible.
Many expected the final results for 2023 to be announced today as the 2022 finals were released on 23/03/23. We already know what will be in the release about last year but it's the outlook statements from Stuart Last and Michael Tobin that are of real interest.
I am not surprised the results didn't drop today.
The information released over the last few months points to an excellent start to this year so why not get it out there?
We saw the sell off from the distressed seller following the superb Q4 release. How the shares bombed by over 30% following those figures seemed irrational. If the projections are really positive for 2024 the forced seller would be very active again. Hopefully he's not got many left but looking at those chunky sells this morning he ain't out yet.
My view is he was desperately waiting and hoping that an announcement dropped today. BOOM marked higher at the opening and flood his sells into positive news. Audioboom didn't announce. Thank goodness, but the distressed seller had to go anyway. Who else would be selling heavily at this price with potential good news so close?
Note to distressed seller: Whilst last year the finals came out on 23/03 the previous year the finals were published on 25/04, well after the Q1 update.
Yesterday's posts from these two malcontents provides further evidence of their joint attempts to lower the BOOM share price. So boring and predictable. Never offer anything positive to the conversation but constantly sniping.
Zak, you claim to have poured hundreds of thousands of pounds into BOOM shares right? So I will ask you again to list the 5 most positive reasons you thought this was such a good investment. (Other than your patronising, "It's a decent/good little company"). This will help observers and posters and on this board understand why they should pay ANY attention to your monotonous diatribe.
I have no doubt X & Z are trying to lower confidence in Audioboom and, as a consequence, the share price.
Below I have posted part of a comment I made on this board on 15/02/24.
"Z7795 and 404x are closely aligned. (Could even be the same poster). Their modus operandi is clear for genuine BOOM holders to see. Often working in concert they are continually spreading FUD. When Z posts X is often in the echo chamber magnifying the negativity. Z often gives BOOM tiny compliments (good little company blah blah..) then goes on a blistering FUD attack".
Trolling gold again from Z.
For someone claiming to hold hundreds of thousands of pounds worth of BOOM shares (honest guv), his "3yrs ago WAS" blah blah is yet another corker in the lengthening list of incredulous comments aimed at spreading FUD from the No.1 BOOM troll.
The company is a broadcast, podcast and radio streaming platform. Financial results for Q4 ended 31/12/23:
Revenue $1.07billion beating consensus estimate of $1.04 billion.
"The company's Q4 revenue, excluding political revenue, remained flat, indicating stability in it's core business".
"The company's Digital Audio Group showed resilience, with revenue climbing 6% to $318million and podcast revenue notably up by 17% to $132million".
"Rich Bressler, President, COO and CFO of iHeartMedia noted the successful reallocation of resources towards the Digital Audio Group and the expected significant year-over-year improvement in the company's 2024 financial performance".
"Bob Pittman, Chairman, also highlighted the company's expectation of a recovery year in 2024 with anticipated growth in both the Multiplatform and Digital Audio Groups".
Share price up 24.01% at 20.33GMT.
I was not pointing out that the two threads started by you were wrong, '£1 written all over them' and 'Uninvestable'. I questioned whether a genuine BOOM holder, who had invested hundreds of thousands of pounds, would start such threads knowing they would spread FUD.
These actions could be perceived as those of a shorter or someone trying to gain a lower entry point, not someone holding so much stock at a notably higher level.
Any objective observer might be sceptical of this dubious action. You seem to want it both ways.
So Zak, you couldn't come up with anything positive about Audioboom other than a similar line you've trotted out ten times before, "It is a nice little company".
You claim to hold 75,000 shares in BOOM at a current price of £2.55. That's £191,000 worth. You claim to be down almost £250,000. Looks like you claim to have pumped £440,000 into BOOM shares. Wow. Yet spend endless hours undermining confidence in Audioboom with your FUD postings.
Here are a couple of thread headlines that you started.
29/06/23.. "These have got £1 written all over them".
26/09/23.. "Uninvestable".
(There are many more similar examples)
You claim to have poured in hundreds of thousands of pounds but continually spread fear, uncertainty and doubt. No GENUINE holder of BOOM stock would do this... Would they? Plus you can't come up with just a few positive points about Audioboom.
You may have purchased 75,000 shares (I don't do insta) but it's also quite possible you've sold at least the same amount in your shorting spree.
Another string of negative rants on a down day from Z. Hmm!
Zak claims to hold 75,000 BOOM shares purchased at prices from £10 down to £2.50. This would have cost hundreds of thousands of pounds.
Apart from his patronising "It's a good/decent little company" he virtually posts nothing positive about Audioboom. He continually spreads FUD and is always running down just about every major shareholder. Odd when so heavily invested.
So Zak, please list a few of the positive reasons that made you invest a small fortune into this company. Go on, expound the virtues of Audioboom.
Ps You constantly refer to "the toxic shareholder list" yet every shareholder you've named was on this list BEFORE you started buying BOOM shares. Odd.
Soo predictable X.
Just need Z to pop up with his negativity, despite his "I hold 75,000 BOOM shares.. honest" spurious claims.
No doubt Bonnier's involvement has not been good for BOOM but the share price is not 2260p it is 88% lower or 2000p below it's peak. This news is more than priced in. BOOM is primed for recovery.
Things have moved on (unlike X and Z). The company is on course for record revenues and the positivity around Audioboom is palpable.
Good call B-Hunter. You would think Zak would be euphoric today but he only seems to post to unsettle sentiment on the down days.
The news today is confirmation that this company is surging in the right direction. There may well be a steady stream of positive releases this year as Audioboom's growth is clearly back on track. This will cause pain to the shorting crew. Pigeons may be coming home to roost for a few greedy manipulators, eh Z and X?
No Z7795 I'm not naive or stupid.
What might classes as stupid would be someone holding £150k worth of a company's stock and spreading constant fear, uncertainty and doubt about that company.
Not to mention (again) that you constantly warned investors to steer clear whilst Bonnier had any involvement with Audioboom. Yet you say you bought heavily at £10.05. Was Bonnier involved at that point? (A rhetorical question). Some might say you shot your credibility with that stupid move, or were you just being a little naive?
BOOM is being played (for now) by people like you. Exactly one month ago excellent final quarter figures and FY'24 forecasts were released. The shorting crew moved swiftly in and hammered the price. The market cap of BOOM has fallen almost a third, to £35mln. It's worth barely half one year's revenue. Too cheap in this sector. A positive announcement from Audioboom could come any day causing consternation to a few greedy manipulators.