Audioboom Share Discussion Threads

[mcflybrrii] 21/7/2021 17:34

be good if another offer comes in or a 25 pound offer is presented.

wanted to keep gains in isa wrapper so sold out today.lost my nerve !

wasnt sure of the transparency of all the beneficial owners in both companies.. and were long term interest lay. not sure if n candy owned some of aaa. either way too complicated for me.

anyone who can hold their nerve deserves a good return and will probably get one. i just wanted to keep them in isa wrapper. will be kicking myself if another offer in the isa wrapper comes in ! audioboom long term is a winner though.

it has been a good board to view with informative commentary.

good luck all !

[wooty01] 21/7/2021 17:00

To be more frank. AIM is historically bad news for wealth creation of long term shareholders. It's day traders and manipulation that normally wins out. That's why Boom and AAA have to go private.

[wooty01] 21/7/2021 16:57

Buggy - for goodness sake this is just the opening shots. I'm not an AAA shareholder. However I really do see the merits of taking 200p cash off the table and letting the rest ride as a private company. I'm sick to the teeth of how Audiboom has been played by the market over the past 5 years.

[wooty01] 21/7/2021 16:54

I'd like to think that there's a USD500m market cap for Boom. But just see it happening. Nothing is impossible though. I'm still struggling to see the rationale of Candy/ AAQUA lock in of GBP25. There must be something behind the scenes. - why would they lock in for a price 100% above the GBP12 offer- are they desperate for a deal- their 26.4% holding blocks any other deal until 16th August

[buggy] 21/7/2021 16:52

Not really sure why people are engaging with desperate AAA holders trying to convince us of the merits of AAA. That is always a sign of someone needed a raft to keep them afloat. If they are doing so well and have a bright future they will not be spending such an effort trying to convince us.

I would bet my house that this deal is not going ahead. If AAA is such a great deal I am not sure if I was a holder of AAA I will be advertising for an acquisition that will dilute their share holdings.

As for management refuting the offer, the sad truth is that AAA has not even decided if it can afford to make an offer. No offer has been made so nothing for management to deny.

When/if they eventually manage to actually raise enough money to pay due current liabilities and have enough left to make an offer, they will be told where to go.

[wooty01] 21/7/2021 16:47

Mdchand- Audiboom is profitable NOW! Takeovers normally happen very early in the life of a tech company or once they've got traction in revenue. Audiboom fits the latter and as a bonus is EBITDA positive as US measures profitability . This is never fully recognised by the AIM "analysts". That's why tech and media companies are never fully valued on AIM.

[amrishbhim] 21/7/2021 12:28

There two things happening behind the company news, A. The group AAA will make a better offer B. There a US company that's going to make that £25 value per share, I believe (B) will be more likely as it's one of the top three podcaster in the USA and will have the resource offered to takeover the company

[mdchand] 21/7/2021 12:21

I agree Candy probably has a far better idea of what's really going on at AAA than any retail punter, but because I can't see what he can see, I would simply be following his actions (blindly) hence my comment. I have a wry smile thinking about AAA as I remember when it was listed thinking where is the intrinsic value. I still do!

[codeine1] 21/7/2021 11:55

All valid points but I'm not sure about "blind faith". I can't imagine these guys taking blind faith in anything..Candy ventures seem to have direct holdings in Aaqua so obviously they've seen something they like.https://candyventures.lu/portfolio/

[mdchand] 21/7/2021 11:26

I don't doubt that Candy etc know way more than the open market does, but taking blind faith as an investment principle when determining the value of AAA is not an investment style for me. However, I daresay some posters of here / AAA probably know considerably more than they are openly telling - but that's the nature of the City and BBs.

As for Boom, there is no corporate reason why they can't stay independent for now until one of the bigger boys takes a closer interest - which is normally when Companies are on the verge of profitability.

As long as they are increasing market share vis-a-vis their competitors, raising margins (which they are) in a buoyant market, they can easily remain independent until the right offer comes along.

[codeine1] 21/7/2021 09:37

Advisors are likely temporary due to the current situation. I don't think it's something to get hung up on..More interestingly, it seems since Aaqua have taken an interest in BOOM the share price had only risen.Your comments regarding AAA holders being somewhat deluded in its potential remain to be seen.

[wooty01] 21/7/2021 09:22

If the market reaction, and it's fixed, doesn't tell everyone that Boom needs to either be sold or go private then they're blind. There's no possible way that long term Boom can thrive being independent. It's a fantastic business and fair value is around GBP12. As I say how will the board convince shareholders that they can deliver GBP12. First off a new Allenby note is required stating a new value. I believe AAA shares will be traded at around 80p on the OTC which commences on 30th July. That'll be proof enough that the paper this offer is written on is worth it .

[codeine1] 21/7/2021 09:17

OK, what's your point, I must have missed something?

[mdchand] 21/7/2021 09:11

As for AAA magically relisting on Nasdaq, have a gander at AAA's advisor - Egremont.

'The team at Egremont Capital has had experience of working across a wide range of European Exchanges, such as Euronext (Including the Irish Stock Exchange), Frankfurt and other German Borses, Vienna and Nasdaq North. Each exchange has benefits and disadvantages which can be discussed when a decision to seek a public market listing is discussed.'

[codeine1] 21/7/2021 09:03

Nice reversal after this mornings markdown. Seems a buyer is confident.

[mdchand] 21/7/2021 08:51

The market has decided that the offer isn't really worth the paper its printed on, as hedge funds would be arbitraging the difference right now. The AAA price has been artificially inflated way beyond the underlying NAV and that makes me very nervous incase the emperor really has no clothes.

If I want exposure to AAA I would have bought AAA. I would rather Boom walk away than take AAA paper that, as yet, hasn't raised the 150m at the implied 80p price.

[liam1om] 21/7/2021 08:43

What PI is going to want to hold this to the conclusion if the bid is successful? I have no interest in owning AAA shares personally. Our main hope at the moment is that this interest may flush out another bidder. Fingers crossed.

[mrbear2] 21/7/2021 08:36

Lets not forget its not a straight GB£12 cash and the method of getting to £12 is questionable to say the least.

[lukead] 21/7/2021 08:26

i’m surprised the Board have not said anything, yes or no, will they talk to tomorrow
Some outfit has made an offer to buy the company and so far nothing to say?
also beats me as to why this share price s not close to £12,

[wooty01] 21/7/2021 08:16

I think you'll have to work it out yourself hazl. Put it this way. If the board recommends the deal the price will be nearer 12 than 9!

[wooty01] 21/7/2021 08:14

And of course the MM used the old trick yesterday to give the close of business price at the ask of 930 rather than mid price of 915. That meant they could quote the opening at 15p down.

[hazl] 21/7/2021 08:12

I don't understand how agreeing to take the offer would help.
Please explain.

[wooty01] 21/7/2021 08:09

The directors of Boom will be invited to engage with AAA in negotiations to sell for GBP12. They would be well advised to do so wholeheartedly. If not they risk a backlash from shareholders. Already 26.4% of shareholders votes ( Candy and AAQUA) are in favour. How can the board not approve a deal of GBP12 which is on the table? Lots of talk about the value of AAA offered as part consideration. Most private investors will sell before the final deadline. But with a dwindling share price at 30% below the offer, and only promises of better business performance to come in the future, the directors would be failing in their fiduciary responsibility to shareholders. How would shareholders feel if Boom share price was still at this level in 6 months. The market is playing a rough game here. Take the offer.

[hazl] 21/7/2021 08:08

It'll settle at some point.
Then we will get the August deadline looming I suppose.