I have to admit I was more excited reading the RNS than the actual InvestorMeet presentation, which seem to come across rather flat.
Having said that the growth continues at an accelerated pace, while costs stay relatively flat, staff costs were only 44, two more than pre Adelicious acquisition.
The post strategy review story, was made clearer, with $10m HSBC credit being available for four to five acqusitions.
Frustrating that no questions were answered, and address the fundamental issue of the AIM listing was not addressed.
An often overlooked financial asset, is the amount of deferred tax losses that a company can use to minimise tax on profits, thus it can effectively set profits against tax losses for the next few years, and indeed interest from loans also reduce taxable profits.
Annual Report 2025 page 52
The Group has carried forward UK losses amounting to US$36.4 million as of 31 December 2025 (2024: US$39.1 million). The gross amount of losses upon which the deferred tax asset has been recognised amounts to US$8.0 million (2024: US$7.8 million).
Apologies for the delay in my reply. Personally I don't mind flat presentations when coupled with stellar numbers :-) For me, Stuart and the team have done a phenomenal job, and I especially appreciate the resilient Business Model they have forged. BOOM really is standing up well. That said I appreciate that different shareholders are looking for different things.
You have hit on a brilliant point regarding those deferred tax losses. That US$36.4 million in carried-forward losses is a massive, often-ignored asset. In our bottom-up Free Cash Flow model this has helped add juice to the valuation - it ensures that as the operational leverage kicks in, a huge chunk of those profits drops straight to post-tax cash without the taxman taking a bite. It perfectly reinforces our £22.85 Fair Value target. Great spot!
Regarding the AIM listing and the M&A war chest (that $10M HSBC facility) - they clearly have the firepower to execute. My own view here is that the company is being now dragged backwards by Broker incompetence https://substack.com/@wizardofwindsor/note/c-296300450 and the brokers rowing in the opposite direction is now a problem that needs to be addressed.
As for Michael Tobin, his direct email isn't publicly published. However, official board-level issues and investor grievances for Audioboom are typically routed through their PR advisors at Walbrook PR (audioboom@walbrookpr.com). You can also submit it directly to the board via the PLC contact form on their corporate site. Flagging the lack of Q&A engagement is absolutely the right move - shareholders have a voice that needs to be listened to
I have to admit I was more excited reading the RNS than the actual InvestorMeet presentation, which seem to come across rather flat.
Having said that the growth continues at an accelerated pace, while costs stay relatively flat, staff costs were only 44, two more than pre Adelicious acquisition.
The post strategy review story, was made clearer, with $10m HSBC credit being available for four to five acqusitions.
Frustrating that no questions were answered, and address the fundamental issue of the AIM listing was not addressed.
An often overlooked financial asset, is the amount of deferred tax losses that a company can use to minimise tax on profits, thus it can effectively set profits against tax losses for the next few years, and indeed interest from loans also reduce taxable profits.
Annual Report 2025 page 52
The Group has carried forward UK losses amounting to US$36.4 million as of 31 December 2025 (2024: US$39.1 million). The gross amount of losses upon which the deferred tax asset has been recognised amounts to US$8.0 million (2024: US$7.8 million).
Hi Tony,
Apologies for the delay in my reply. Personally I don't mind flat presentations when coupled with stellar numbers :-) For me, Stuart and the team have done a phenomenal job, and I especially appreciate the resilient Business Model they have forged. BOOM really is standing up well. That said I appreciate that different shareholders are looking for different things.
You have hit on a brilliant point regarding those deferred tax losses. That US$36.4 million in carried-forward losses is a massive, often-ignored asset. In our bottom-up Free Cash Flow model this has helped add juice to the valuation - it ensures that as the operational leverage kicks in, a huge chunk of those profits drops straight to post-tax cash without the taxman taking a bite. It perfectly reinforces our £22.85 Fair Value target. Great spot!
Regarding the AIM listing and the M&A war chest (that $10M HSBC facility) - they clearly have the firepower to execute. My own view here is that the company is being now dragged backwards by Broker incompetence https://substack.com/@wizardofwindsor/note/c-296300450 and the brokers rowing in the opposite direction is now a problem that needs to be addressed.
As for Michael Tobin, his direct email isn't publicly published. However, official board-level issues and investor grievances for Audioboom are typically routed through their PR advisors at Walbrook PR (audioboom@walbrookpr.com). You can also submit it directly to the board via the PLC contact form on their corporate site. Flagging the lack of Q&A engagement is absolutely the right move - shareholders have a voice that needs to be listened to
Any idea what Michael Tobin’s Audioboom email address would be, I think the issue of not answering any questions needs to be flagged.