Audioboom Share Discussion Threads

[wooty01] 22/7/2021 08:56

I'm glad directors have rejected AAA bid. They say it undervalues Boom. Good. So what value do they and Allenby place on Boom. Their current value is 1020p! I'd prefer 1200p at least it's a bird in the hand and not down to hoping for the future.

[hazl] 22/7/2021 08:56

Melegram party food sounds good what about the drink?

[hazl] 22/7/2021 08:52

I think that it's too lovely to sit indoors so I'm off to take the dog out!

[wooty01] 22/7/2021 08:52

I didn't follow one word of that buggy. I'm not advocating the AAA deal. I'm saying it has merits and shouldn't be rejected out of hand. An offer of GBP12 has been made for Boom. Cash GBP2, AAA shares of GBP10 based upon new share placement of 80p. Management have to tell us why this value is too low. Give shareholders a new independent Note from Allenby. It's their fiduciary responsibility and main duty to maximise shareholder value. The current price is GBP9.50 and brokers note is GBP10.20. Neither anywhere near the GBP12.

[ebomber] 22/7/2021 08:44

buggy

FACT IS BOOM have rejected the AAA offer confirmed in the RNS dated today.

Modest holder looking forward to incremental daily move north now this distraction removed. Should be an easy move to £12.00 in thin volume over the coming few trading days.

[buggy] 22/7/2021 08:31

@Wooty01

You can't ask Audioboom's management to give you reason why they think that £12 is undervalued. That reason has already been given by AAA.

AAA have stated that the minimum that they will accept is no less that £25 for their shares, so you have to trust that they know the fair value of the shares.

You can't be inconsistent by trusting AAA when they tell you that their shares will be worth £x Billion when eventually relisted, but on the other hand thinking that they are off their heads when they tell you that the value of their share in BOOM is worth a minimum of £25.

[melegramfortongo] 22/7/2021 08:28

Improved offer on the cards .
Never show full hand …

Won’t be long

[ebomber] 22/7/2021 08:24

Good timely and robust rejection of the AAA offer.

Allows BOOM to resume rerate, without distraction, towards true enterprise value.

[codeine1] 22/7/2021 08:13

As expected, offer rejected.. No doubt the door has been opened to further proposals. No reason to take the initial offer. Interesting either way..

[buggy] 22/7/2021 08:12

@csmssk12hu,

I may still have more legs to run, but there are condition that needs to be met for me to consider voting YES:

I need to have a clear idea what I am being offered for my shares to allow me to make a decision.

(a)Purely cash offer.
(b) If I am supposed to also take AAA shares, then AAA needs first to be relisted on whichever exchange that they want. That way I will have a clear idea of what AAA shares I am getting is worth rather than someone telling me that it may be worth XXX which is purely subjective.

[csmwssk12hu] 22/7/2021 08:00

Cheeky bas£ards this has an awful lot more to run yet imho dyor

[buggy] 22/7/2021 07:59

The reaction of the share price today will tell you what the market thinks of the offer.

I predict that the share will now trend up, having he anchor of this worthless offer taken off its shoulder,

Until this rejection, the premise for any new investor is:
"Pay £10 to buy BOOM shares and in about 2 months I will give you £2 back and some worthless AAA paper which may in time be very valuable".

[buggy] 22/7/2021 07:56

Hate to say I told you it will be kicked into touch, BUT I DID.

A blind man would have seen through that as at best as opportunistic. For those pointing people to do their research, basic analysis would have shown this offer to be worthless. Even the nature of this says that it is half assed.

They did not even put an offer but just a statement that they are thinking of putting an offer assuming that they could raise some money , do A and do B and if C also falls in to place. And by the way if we eventually do decides to put in an offer we will be paying you about £12 mainly in some form of paper which we assume will be valuable to you in some time in the future. Incidentally if you want to put an offer to buy our shares we would want nothing short of £25 a pop in hard cash.

I am not sure Del boy could have tried to pull that off.

[hazl] 22/7/2021 07:48

We can see by the results how good they are, with

future earnings enhancement, with the new feature surely.

[hazl] 22/7/2021 07:46

I'm surprised you're so passionate about this Wooty01?

[wooty01] 22/7/2021 07:44

Allenby issued a Note on 22th June giving a fair value of 1020p. The directors have to give us urgently a new fair value and how this is calculated. Can't just say GBP12 offer is undervaluation!! Tell us that forecast earnings for FY 21 is US50m which gives an implied market cap of USD500m which is equivalent to USD32 or GBP24 ?

[hazl] 22/7/2021 07:42

I guess volatility will still abound.

[stan still 3] 22/7/2021 07:28

Nearly sold yesterday as I don't fancy the prospect of having AAA shares.Glad I didn't as this could go higher imv.

[wooty01] 22/7/2021 07:26

We await a new Allenby Note. Their current target price is less than the GBP12 offer. The directors must be capable of illustrating that GBP is significant undervaluation of Audioboom. Great news - but please show us what the true value is.

[melegramfortongo] 22/7/2021 07:24

Lol what’s that all about ?

Personal feud between blue sky and the patriot ?.

Hazl the £12-14 share price party is coming soon.
I have decided against the usual cheese and onion sandwich quarters as it’s just wrong.
Egg cress , ham , cheese , a few sausage pineapple on sticks , bowl of hula hoops and of course Cadbury’s fingers will be in the spread .
Low key fodder as this is just the warm up party for the main event ….

If you are not invested you are not invited.

[hazl] 22/7/2021 07:06

Great !
As we thought management have rejected the offer as undervalued.

At present, shareholders are advised to take no action.

[bbluesky] 21/7/2021 21:30

Hoping your comments rebound. Get help for your sickness. Stay way from here.