spankaroo
17 Nov 2017
Re: BOOM thrift07 - always happy with criticism, so I have had another look.Revenue in Q3 2016 was £0.141m (the company never gave this figure from what I can see), but came to the number by adding Q3- Q4 2016 revenue update (which it gave) to H1 2016 and subtracting FY revenue of £1.1m. So £0.141m +£0.329m = £0.47m for 9mth 2016So 329% increase (as quoted in the Q3 2017 update) on £0.470m is £2.00m. So add that to H1 revenue (£1.84m) = £3.84m total revenue for the 9mth period. Allenby has FY17 revenue target of £5.44m, so it will need to do £1.6m in this last quarter - it may do so, I have no idea. Let us say it does do this figure and admin and gross margins stay the same. 27% gross margins on £5.44m is a Gross profit of £1.47m. It's admin expenses (all things being equal) will be around £6.9m, so a loss of £5.43m for FY'17Let's step back. It made a loss of £2.9m in H1'17, so it has increased losses by £2.5m in H2. Net cash 31 May was £3.25m- £2.5m losses in H2, leaves around £0.75m for FY 30th November.I don't know if it will make £1.6m in this last quarter, but even if it does a company with a mkt cap of £35m, with another cash call likely, is way ahead of the curve IMHO
Maverick
17 Nov 2017
Momentum Well the chart is now looking a lot healthier.I have been adding on this rise and have bought again.Maverick
spankaroo
03 Nov 2017
Re: BOOM This is all IMHO, but with say gross margins at 28% on a Q3 turnover of £2.17m (stated) that's a gross profit of £0.60m. It's blowing £0.572m per mth on admin costs, so that's £5.14m in Q3. So for Q3 it made a £4.54m loss. It started the FY with £6.19m, less the £4.54m Q3 losses meaning it had only £1.65m at 31 August. It will have to bill £3.25m in the last quarter, but even if it does this it will only have £0.85m of cash left. With average debtor days running at 7.5 mths, cash is going to become really tight. Even if it managed to bill £6m in the final quarter, the cash position would be tight. Anyway my opinion - I will most probably be proved wrong
Maverick
03 Nov 2017
Re: BOOM Interesting although I was not anticipating a cash call with the results and figures generating a healthy upward trend?
spankaroo
03 Nov 2017
Re: BOOM Sahti-a note of caution. I would wait until an update before thinking about putting anymore cash here. It may have as little as £800k of cash be the end of this month, so a top up will be needed. I suspect the share price maybe being pushed up ahead of this.
Sathi
02 Nov 2017
BOOM Continuously buying in big volume but most of the buys showing as sale in Moneyam and share price is moving up, what is going on?
arborman
02 Nov 2017
Re: Today's update BOOM!
arborman
19 Oct 2017
Re: Today's update BB and AR, I’d like to hear your thoughts now, a month after the last posts when the sp was around 2p, I really hope you took the plunge back then but if not it’s still a great investment from here. Podcasts are getter more popular by the day, even Ed Milliband recently started one!
Maverick
19 Oct 2017
More buying Seems more buyers returning here.May be worth doubling up if it starts to have momentum.Maverick
Maverick
29 Sep 2017
Re: Today's update Agree, nice rise again today too.Someone is buying.If the buying gets heavy it should rise to where I want it to be! Circa 6p please!
arborman
28 Sep 2017
Re: Today's update AR - nothing wrong with being cautious, nice rise today mindAll the best
Andy Reilly
20 Sep 2017
Re: Today's update BB - I think your 'wait and see' approach makes a lot of sense, so personally I'd stick with that. I also think that, while the SP may move up a bit, there is a great deal to be said for waiting for a bit of confirmation on the earnings front. BOOM has had its difficulties showing that it's business model works long term, but IF it can pull through this period of high costs denting earnings, it could do very well. Unfortunately the market is not so sure BOOM can make it right now (otherwise why the very low SP?), and there is no glory (or comfort) in fighting the market's view.I can only wish you luck with BOOM, and the same for arborman too! But I prefer to wait to see some confirmation that the recovery is really on - losing out on a bit of the gain is an unfortunate aspect of a cautious approach, but BOOM still has much to prove that it can survive (a takeover looks the most likely option to me, BUT any co wishing to take it over will be hoping that the SP really hits the skids, as they will want to pay as little as poss for it - its an unfortunated aspect of investing, but the 'hard heads' usually win in the end - ATB AR (and apologies again to arborman for my detached and less than bullish view of BOOM - as ever I may well be wrong, but its VITAL that everyone takes their own view!) ATB
arborman
13 Sep 2017
Re: Today's update Hi BB, for me this is a long term investment, so around the 2p mark now, IMHO if you wait 2 quarters to resolve your concerns the sp will be 2.5-3p, so you will he lost out on 25%+ gain. If you can leave your money in for 2-3 years then buy now for a multi bagger. Their KPIs and revenue are increasing massively, I reckon they will become a take over target next year at 5p+DYOR
blouson blouse
07 Sep 2017
Today's update I can't make up my mind on this stock (disclosure- I am not long or short....yet!).THE POSITIVES:-Today's update shows that QonQ it seems to be driving significant revenue increase and they look like they will deliver circa £5m of revenue this year. compared with a year ago that is very significant and with the KPI's they focus on also growing the chances seem reasonable that they will grow significantly next year, and if the current quarterly sequential growth rates are maintained ( which I can't form a view on from available info) then next year they would exceed £10m revenues.They seem to have become the go to company for podcast distribution and that seems to be a market that has significant further growth. They also have a huge amount of ad inventory unsold- and as relationships with agencies grow they should be able to increase % sold whilst also growing the inventory- which could be a double boost.There is always the possibility of a buy out from some larger tech company with a strategic need that has stacks of cash- current valuation is about £20m which is nothing for a purchase by a larger company- a rounding error !NEGATIVES:-Currently every £1 earned seems to cost about 73p to win and then they have overheads that are also rapidly increasing- so is the business truly scalable or does it need to keep increasing costs to drive more revenue, making the day it actually makes a profit always out of reach? [ Even if that is the case, does it matter if it doubles revenue every year- will investors buy a longer term vision?].But that then raises a question over how long the remaining can will last. personally I think another fund raise will be needed probably within 9 months.Personally I'm not a fan of the CEO, who has been running this business for a good 5-6 years and is yet to have a year with £5m turnover. Also they have had an FD leave- so I have a big question mark over executive management. I never like companies that chop and change their KPI's or ( as Boom used to) issue statements about relatively small contract wins etc.I am also nervous about the relatively new strategy of investment in originated content. If the business is doing so well why do they need to take that risk? Also that is not as easy as people think ( just look at the UK content production sector and try and find those companies that made money for shareholders- not many). And it is also an easy way to disguise costs getting out of control - and a way to flatter performance if capitalised rather than expensed, which can then lead to large write offs laterOn balance I conclude that whilst it could do very well, and may get bought out, there is not enough clarity and transparency yet and profits are too far away . In short , too much risk. So I will sit on my hands for now, monitor it, and perhaps after another 2 quarters of numbers see if I can resolve some of my concerns enough to dip in. my decision is also partly influenced by the fact that, IMO, there are lots of good opportunities out there right now for speculative /risky stocks where in my perception the downside is less and upside more likely to happen sooner (e.g. IQE and 7Digital- Boom's former parent company). So with limited funds allocated to speculative stocks I must be disciplined rather than allow optimism to cloud judgement.I would welcome others thought
arborman
05 Sep 2017
Re: A month AND.... Andy, trees are indeed wonderful creatures and a pleasure to be around and work with, they provide lots of fireside warmth for my family too, rest assured I plant more trees each year than I harvest! anyway it pays the bills until BOOM soars and helps me to retire
