Audioboom Share Discussion Threads

[jasperthemonkeygod] 15/10/2020 19:42

In other words, a classic pump and dump

[hedgehog 100] 15/10/2020 18:42

rachelrileysbra 19 Sep '20 - 20:17 - 3276 of 3384 0 2 0
" ... Lots of rumours (and I believe they are just rumours) about offers to date. Last I heard was and acquisition with stock conversion equivalent to 6 dollars a share. ..."


Rich,

Am I the one having a laugh?!

You are in effect accusing BOOM of lying in its 7a.m. RNS yesterday: which would be a serious criminal offence.
Is that likely? I think not.

Plus we have Rachel's very helpful industry inside 'scuttlebutt'.

Plus what we know about the acquisitions and their valuation levels in this in sector.

There are a few posters on this thread who are coming across to me as embittered losers, who are bullish and bearish at the wrong times.

And a look at the long-term BOOM share price chart sheds more light on this; an initial gain of hundreds of per cent, followed by a fall of over 90%.

[richyrich8] 15/10/2020 18:19

The bottom liner... Seriously come on!!??? You've got to be having a laugh.

[hedgehog 100] 15/10/2020 16:57

True8lue,

Here's the full extract, from this thread header:

"M&A Activity:

- Interview with BOOM's CEO, 7/2/2020:



Question: "Do you see Audioboom as a seller, or an acquirer?"

Answer: "I don’t think we are in any rush to be an acquirer again...We are well positioned as the biggest global independent podcast business to be a target for acquisitions. I wouldn’t say we are deliberately positioning ourselves or looking for that. We are confident in continuing this growth that we have for a while, but if the right opportunity came our way we’d have to consider it because the whole industry is consolidating. We don’t want to be in a position in 18 months or two years when that consolidation has happened around us and we can’t compete anymore because we’re not part of a bigger group." "


The bottom line is that BOOM can sell itself whenever it wants for well over double the current share price, so I don't see that there's anything to worry about.

[true8lue] 15/10/2020 16:24

Sold yesterday at a 5% loss overall, but good luck to all who remain invested, I'll keep an eye on the company.

I'm just going with my gut and couldn't get this statement out of my head.

"the whole industry is consolidating. We don’t want to be in a position in 18 months or two years when that consolidation has happened around us and we can’t compete anymore because we’re not part of a bigger group" (Stuart Last, Mar 2020)

[hedgehog 100] 15/10/2020 14:04

rachelrileysbra 23 Sep '20 - 16:43 - 3281 of 3379 0 3 0
"What I meant was the offers ( around £5) were not high enough.
If you ask me, only speculating, is that Candy and Tobin will be looking for £7.5"

14/10/2020 07:00 UKREG Audioboom Group PLC Trading Update, Conclusion of FSP and Subscription
" ... the Company engaged with several interested parties during the process and a number of these discussions advanced to a stage at which potential deal structures and outline valuations were proposed and considered. Throughout, the Board has been focussed on achieving what it considers to be maximum value for shareholders and would only consider recommending any potential transaction where the terms of any such deal would create greater shareholder value than would likely be achieved by continuing to pursue the Group's own growth trajectory and plans in its current form. In the current climate, there has been limited interest in paying the level of premium to the prevailing share price that the Board considers would represent appropriate value for shareholders and, as such, the Board has not taken these discussions further. ..."



Rich,

People want it alright, and were prepared to offer well over double the current share price.

But name me some examples of companies being taken over for about FOUR TIMES their current share price?

It doesn't tend to happen, because managers don't want to be perceived to be overpaying.

So, BOOM's game plan will be to get the share price up to a much higher level, so that a price of around £7.50 per share will be seen as an acceptable premium to pay.

The £3.15M. strategic investment at 225p per share, to help fuel growth, is a great start, and shows how undervalued this is at 197.5p.

[richyrich8] 15/10/2020 10:05

That's what Roger thought and he's now desperately trying to prop it up after realising absolutely nobody wants it.

[hedgehog 100] 14/10/2020 17:13

From today's closing price of 197.5p, BOOM looks good on both a short-term and medium-term basis.
The long-term probably won't apply, because I would expect it to have been bought out at multiples of the current s.p.

High-growth, well-funded, lowly-valued, and with COVID-19 resiliant online business.

There's not that much outside of the health and gold sectors that looks attractive in these uncertain times, so BOOM has a real scarcity value.

And note how well the Spotify share price has performed this year.

Spotify Technology (NYSE:SPOT):




That's a reflection of how online providers have tended to benefit during the current pandemic, and of how online advertising has recovered during H2.

And that bodes very well for BOOM's ongoing trading, its future, and a potential takeover of the company.

[hedgehog 100] 14/10/2020 16:54

dirty75 14 Oct '20 - 10:45 - 3370 of 3374 0 2 0
"i see the 192 investment fund got into AAA at less than 1p - now 8p, and ASLR at 2p - now 24p.
How far will they push Boom?"


Thanks Dirty, great research:







And with just a 10% holding, they have plenty of scope to buy more in the market.

[wiseacre] 14/10/2020 16:04

looks cheap to me

[rachelrileysbra] 14/10/2020 12:14

Volume says it all. HOLD and add on weakness

[daar] 14/10/2020 11:10

Myles buying is good news. He's a lot of following on twitter

[bobby1904] 14/10/2020 10:54

Agreed. The shortsighted blind posters below can't see wood for the trees!

[dirty75] 14/10/2020 10:45

i see the 192 investment fund got into AAA at less than 1p - now 8p, and ASLR at 2p - now 24p.

How far will they push Boom?

[richyrich8] 14/10/2020 08:34

Just aswell Blue sky, Raine did sweet F all.

[thescoop] 14/10/2020 08:27

Oh please... You're happy that dilution costs were cheap... Is that what is seen as a positive nowadays?!

[bbluesky] 14/10/2020 08:23

Nice to see: "There are no transaction fees paid or payable to Raine."

[thescoop] 14/10/2020 08:20

In the short term this Share is going to tank. Nothing to stop it.

[tell sid] 14/10/2020 08:14

Get into Zoetic (ZOE) the next 10x to 20x bagger.

[thescoop] 14/10/2020 08:08

Good time to take profits and get into ITX. You heard it here first! Lol

[thescoop] 14/10/2020 08:07

Agreed. This opportunity gives some of the long term holders the ability to get out at a small profit. Nothing wrong with that, but holding on for a takeover will mean another few unbearable years starting at a flat share price