Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://finance.yahoo.com/news/audioboom-group-lon-boom-shareholders-083526455.html
All comments welcome. At least the world feels sorry for us. Perhaps a nudge to management - our fundamentals have improved over 5 years but constant dilution doesn't help at all.
Am strongly considering divesting and moving on - perhaps it should have been done years ago.
So I listened to this and I came to much the same conclusion as you.
They took their eye off the ball and now they are playing catch up. RP can try and pass the buck but it doesn't really change the focus.
He made a comment about forecasts being on point but obviously they aren't, because breakevens and positive cashflows have been pushed back (correct me if I am wrong but this isn't the first time). My message for the AB team and RP is simple, start delivering value and stop trying to spin and stop diluting our shareholdings.
Stuart Last on the other hand seemed a lot more sincere in his interview although it is so long, I only got halfway through it!
HAPPY MONDAY PEOPLE!
Interesting, I look forward to listening to this. If you what you say is true, then it confirms what I have been thinking since the reverse takeover got abandoned. RP just isn't for this role in my opinion. His "positivity" in interviews is not fooling investors and unless he can get on with delivering a profitable business then its time we got a new CEO. He needs to stop diluting our investment and actually deliver value rather than just talking about it. Anyway, I will listen to this and post further comment.
Fair play to the COO for having the guts to put something out. But senior management need to realise - issuing new shares (while this is beneficial from a cash flow perspective) dilutes our holdings so it is not really super comforting. As shareholders, we deserve value. This means increased profitability and higher cash which then ought to translate into higher market cap. It definitely does not mean taking the future of the company to the wire. RP has shown he just isn't a safe pair of hands. Management need to realise, there has to be substance behind their statements. Blind optimism just means they end up losing credibility. Stuart was honest and frank in his statement but I want to know what the roadmap to profitability and increased shareholder value is now. It is time RP started acting like a professional CEO and not just putting willy nilly statements that he just cannot deliver. As I said previously, if he was one of my CEOs he would have had his P45 by now. ps totally agree with Gunner here - if podcasters lose faith then we are on a very slippery slope.
RP needs to go. I found that RNS appalling to be honest. Back in October/November I remember posting about a need for a further cash raise, and RP gave an interview saying no we don't need it. On the basis of that I continued to hold, because he talks a good game. (The lesson I have learnt here is that the numbers don't lie) To agree to such a punitive break fee, shows inexperience and an inability to handle a big deal. The fundamentals of the industry are strong and there is no denying the potential here. But now we owe 700k????!! and all of a sudden Triton become shareholders. I run a number of businesses and frankly, if I had a CEO in this position, he would be walking out with a P45. Sorry it needs to be said. Needless to say, I have written off my investment here. I am sure RP reads this board, so he should know whichever company he moves onto next I will make sure that the investors know about his conduct/ his failure to deliver on promises. These are people's savings and their incomes. We don't have to be the biggest investors but we have a right to have senior management that are careful and sensible with how they manage our investments.
Glad you took the time to realise it is suspended trader 250 but perhaps you should have recognised we are in the midst of a reverse takeover.......and therefore nothing to be sorry about? Unless you know something we don't.....
lol is this guy for real? No seriously, I think he must be a bot. Asking the question once, I get. Silly but maybe you missed the information. BUT when it has been posted as a reply to your original question, then you are either trying to cause mischief (badly) or are an automated troublemaker. P.s. I just made up the term automated troublemaker. I hope it catches on:)
Good post - I think we need to be patient (I say this even though I am really not patient at all!). Truthfully - this is a big project and will take some time. However once complete we will be a bigger profitable company! I think there is more to it than the book build, there is also the question of listing etc. The added complexity must make it trickier. RP was optimistic by the looks of it in terms of time (we have spoken about his tendency to do this) I wouldn't be surprised if we don't hear much till May HOWEVER, an update from Rob P would help A LOT (even if it was in the form of a short interview/statement).
I like RPs interview because his justification for this deal was that the fundamentals make sense. For me it is a waiting game now, and what the share splits and consolidation lead us to (in terms of what I am holding and obviously ultimately how that affects the price. Having held this for 4 years nearly, I am hoping to see some profit in the next 12 months.
Hi Guys - I have the following questions and I don't really know much about reverse takeovers so maybe you could help. 1. I googled reversetakeovers and the company which is doing the reverse takeover - the investors of the company which is doing the reverse takeover doesn't normally come out of it well. Is that normally the case? 2. We will be part of a bigger entity after the fundraising - but the value of our shareholding will be diminished? 3. We are now at the mercy of the valuation that is put on Audioboom shares and we must hope it is higher than the current price. 4. This is now definitely a long-term holding because we have to wait for the reverse takeover to happen, see what happens with our shares.... and then hope the value isn't diluted and rises quickly... As I said, I am a layman when it comes to reverse takeovers so please do correct me where I am wrong BUT with evidence... as I don't feel very much in control of my own holding.
lol I appreciate the candour... I agree with you - the company is undervalued which is why I am holding. It would be nice to see some recalibration this year. A lot of people have put a lot of faith in RP and the management.. for me it is all about the fundamentals... cashflow and profitability. Fingers crossed...
Hi LL Are you suggesting that the company will triple its valuation in the next three months? Is that realistic? I still have my holding so I am definitely not a deramper but I think managed expectations are as important here as anything else, especially since the RNS' from December weren't as expected.
I have to agree with Gunner about the corner always being about to be turned - I have been holding for a few years and I must say RP doesn't do himself any favours sometimes. At the end of the day if you are in invested in here, you must accept given that RNS - that shares must be diluted and cash must be raised for the business to continue. I do accept that because I think the long-term value here is still there... BUT RP ought to really be clear about what the long-term funding options here and what he is thinking about. As shareholders, we deserve that from him. Given his latest interviews, if I am honest, I was optimistic about this RNS. In my opinion all it does is really affect his credibility and perhaps he doesn't care because there are bigger shareholders out there who may have a better understanding of where he is taking the business. Obviously disappointed with the RNS, but RP needs to manage expectations better. For now, I am still a hold. p.s. before someone comes at me for my comments, I have always belived RP can take us where we need to get to (i mean just look at the progress made) but we need clarity now as to the next 12 months. The communication piece he is very important.
Hi Guys Trying to understand something which you might be able to shed light on... looking at the spread at the moment which is at 16.67%... is that the MMs making it unattractive? If so, why is that? The question came to my mind because I remember when it jumped last week the spread was very small as a % and I assumed the demand for shares meant that the spread had reduced.
So - I have got a little bored waiting for the price to change on here - and google finance is soo much more interesting when you type in BOOM. Currently it says the price is 0 - a -100% drop. Sat at work finding things to do so thought I would share that with you all:) Hope all is well. Waiting for the price to go up.................................