Audioboom Share Discussion Threads

[deanoblues] 09/7/2020 18:35

https://twitter.com/insideradio/status/1281257146445893636?s=21

[true8lue] 09/7/2020 16:07

hxxps://www.linkedin.com/pulse/goodbye-audioboom-quite-journey-amar-deshpande/

[wooty01] 08/7/2020 14:54

Sorry about multiple posting - I was getting an error message.

[wooty01] 08/7/2020 14:52

Sorry about multiple posting - I was getting an error message.

[wooty01] 08/7/2020 14:50

Are interested parties waiting for H1 numbers. They probably know figures as insiders, but waiting for financial info to be formally published. I agree buyer would be US entity (unless Sony are still in the market). I still need to understand, rather than hope or assume, how a premium of 100 percent plus on current price can be negotiated. The buyer has to be convinced, persuaded, whatever. Being a public quoted company is a disadvantage for Boom. A private company can use all sorts of metrics. Multiple of revenue is the obvious one. So why haven't AIM in all their doubtful wisdom not placed a minimum $85m tag on Boom. It beggars belief.

[wooty01] 08/7/2020 14:50

Are interested parties waiting for H1 numbers. They probably know figures as insiders, but waiting for financial info to be formally published. I agree buyer would be US entity (unless Sony are still in the market). I still need to understand, rather than hope or assume, how a premium of 100 percent plus on current price can be negotiated. The buyer has to be convinced, persuaded, whatever. Being a public quoted company is a disadvantage for Boom. A private company can use all sorts of metrics. Multiple of revenue is the obvious one. So why haven't AIM in all their doubtful wisdom not placed a minimum $85m tag on Boom. It beggars belief.

[wooty01] 08/7/2020 14:49

Are interested parties waiting for H1 numbers. They probably know figures as insiders, but waiting for financial info to be formally published. I agree buyer would be US entity (unless Sony are still in the market). I still need to understand, rather than hope or assume, how a premium of 100 percent plus on current price can be negotiated. The buyer has to be convinced, persuaded, whatever. Being a public quoted company is a disadvantage for Boom. A private company can use all sorts of metrics. Multiple of revenue is the obvious one. So why haven't AIM in all their doubtful wisdom not placed a minimum $85m tag on Boom. It beggars belief.

[rachelrileysbra] 08/7/2020 14:33

Stitcher are US based mostly it seems.
I wonder if the wider market is huge pull for acquirers?

Also, will they waiting for updated figures (half year results 21/07/20) before going further. They should be party to most of that info if already inside anyway.

[true8lue] 08/7/2020 14:09

Interesting the article stated that Sony were also in the reckoning for stitcher so are clearly ready to go to market.

I see on the latest triton US report that warner have added themselves to the report, (tucked in at no7 just behind us who have ranked 6 again).

We’ve seen around a 20% increase on both listeners and downloads versus the previous month (which was our first month). Amazing growth in just 28 days!

I agree that any bid should be north of £5. And as is clearly demonstrated it only takes very small volumes for the price to increase.

[rachelrileysbra] 08/7/2020 13:47

The purchaser will be US based imo and I would expect something north of £5

[wooty01] 08/7/2020 13:33

The issue with the valuation is a backward looking UK market. You're right Trueblue the current price should be minimum £4 to £5. But it seems no one is willing to buy anywhere near this price on AIM. The evidence is there using comparable values paid to acquire a multitude of podcasting companies some which are arguably less financially strong companies and with less revenue. I hope Raine can achieve the premium on the current price. Because if not any purchaser will be getting a bargain.

[rachelrileysbra] 08/7/2020 12:44

hxxps://medium.com/stitcher-blog/the-stitcher-podcasting-report-41ee54c8b84c

[true8lue] 08/7/2020 11:54

looking at stitchers proposed £250 million sale, would it be fair to assume their valuation might be around 2 - 2.5 x ours?

Just going from the latest US triton report they would appear to be around that much bigger in the US.

Does anybody know how stitcher compare in other territories?
They seem a similar size to AB in Australia but not sure with regards to elsewhere.

Either way,I think it’s clear that the market has priced this incorrectly at £30 million, would expect to see £5 per share minimum in any deal.

[rachelrileysbra] 08/7/2020 09:53

ask rising on very low volumes ...

[dirty75] 07/7/2020 19:23

hxxps://www.hollywoodreporter.com/news/siriusxm-acquire-podcast-platform-stitcher-1302004?utm_source=podnews.net&utm_medium=email&utm_campaign=podnews.net:2020-07-07

[mrspp1] 07/7/2020 19:03

With our podcasts in the top ten around the world and with 100 million listens compared to 61 million for stitcher. Our market cap is 29 million and they have just sold for 300 million..... what is going on?

[deanoblues] 07/7/2020 18:49

https://twitter.com/sportschris/status/1280489170809520128?s=21

[daar] 07/7/2020 15:35

"Scripps' Stitcher division brought in $17.1 million in operating revenue for the first quarter of the year, up 13 percent from the same period a year earlier.Scripps has been looking to offload Stitcher for some time as it faces pressure in its core local television business. But the once-frothy podcast market has been weathering its own rocky period as the coronavirus pandemic caused a softening ad market and a decline in listenership. (Both seem to have returned to relatively stable levels as the shutdown has continued.) Sources tell THR that Sony Music also looked at Stitcher"

[deanoblues] 07/7/2020 14:50

https://www.hollywoodreporter.com/news/siriusxm-acquire-podcast-platform-stitcher-1302004?utm_source=podnews.net&utm_medium=email&utm_campaign=podnews.net:2020-07-07

[sir_dominic] 02/7/2020 14:18

hxxps://podnews.net/article/spotify-bigger-than-apple

[tewkesbury] 02/7/2020 07:57

I wouldn't be surprise to see a takeover of BOOM for at least $100m, which is 3x the current price and would still be cheap.

[tewkesbury] 02/7/2020 07:53

Wondery raised £15mm and ranked 4th.
Valuation in the $100s of Millions.



Audioboom ranked 6th and currently £29 million based on current share price.

Audioboom very undervalued?

[deanoblues] 01/7/2020 21:54

https://twitter.com/trisseswe/status/1278415555775598592?s=21