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You have to wonder why Tobin wouldn’t be buying when the business is in the best shape it’s ever been and heading into what is suggested to be a fantastic year for the company.
Makes no sense unless…
£3 looking easy pickings from here on this breakout.
Lots of Candy Bonnier chatter suddenly surfacing. It has already destroyed the share price but now a red herring being used to gather more stock.
That’s done, old news factored in and will have no bearing on the takeover bid I expect to materialise next year. In the meantime it will be BOOM’s performance this quarter and throughout 2024 will be the driver going forward. All imo.
Nothing better than a convincing red to blue day. People trading the chart by the looks of it retaking positions where you’d expect.
Looking set to break through that ever weaker 225 resistance before filling the gap. Tick tock.
There absence fuelling rumour of an approach with £5 being talked of. If it does or doesn’t time will tell but I personally see BOOM trading around £100m marcap at some point during Q2 2024. Management are very bullish and the business looks in really great shape going into the new year.
Looking at the way the chart is shaping up and the lack of selling pressure I foresee a strong run in the share as the year comes to a close.
It’s highly likely the next RNS is going to be a positive one confirming Q4 revenue and positive cashflow which will only cement the turnaround that’s in play here. Quite possible they achieve closer to or over 20m judging by the time of their RNSs.
BOOM set to be a star of 2024 imo as the AIM market has put its bottom in and is springing back into life. GLA.
It’s a valid point. His history of purchases in the open market has been monthly for a significant period of time. And to stop that is interesting. There’s only one point in your list that makes sense and imo it does suggests conversations are taking place.
I wouldn’t be at all surprised to see an offer tabled for BOOM next year - revenue growth, positive cash flow, clean balance sheet.
It’s the ideal acquisition target.
The rise has only just begun . Positive macro background in 2024 is going to drawn this high and quickly.
BOOM pulling in record revenue and at higher margin. Lots to look forward to over the next 6 months. All imo.
With the way the M&A has heated up recently BOOM at current depressed levels is a prime takeover candidate imo. The language used by management has changed in the last few months.
Debt free, moving into positive earnings territory and a history of takeover rumours.