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Audioboom Group – substantial existing equity stake placed out… but at a substantial discount…

By Steve Moore | Monday 7 September 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


With its shares have risen towards 17p last year and commenced 2015 at more than 10p, a bearish stance on Audioboom Group (BOOM) has proven wise since – with the shares slipping below 4p last month. The announcement of the placing out of an existing equity stake of 10.8% in the company has though currently helped the shares recover a further approaching 17%, to 5.25p, but does this change the picture here?


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