Audioboom Share Discussion Threads

[bbluesky] 10/9/2021 21:11

Bagp hope you are right. I agree that AAA need Boom in order to have some ballast if they are to list. They seem to be struggling on all fronts. Delays here, delays there and where is the synergy argument to convince us? They seem to think it is a done deal, but actually other than bully boy announcements nothing has happened.

Hope they value Suart Last's input. He walks and pop goes the fantasy.

Wooty - waiting a year - will Nasdaq be at these levels or higher in a year? That is quite big call.

[wooty01] 10/9/2021 21:10

Bagpuss I think your comments however well intentioned are inaccurate1. none of top Boom shareholders disclosed today had shares in Boom prior to AAA or AQUAA Bonnier 8pcBon Rosen 2pcCourtney 1.8pcAsimilar 1pc. Who cares about cross holdings. It's a free world. Also AQUAA bought a couple of months ago from 192 who took up a new issue of GBP2.5m a year ago. All this activity gave impetus to Boom price to offset day traders and pi's who were dipping in and out. 2. I tired of debating the value of Boom. Most know it's worth upward of GBP 15. But it's not being by AIM nor has anyone come near to offering this for the company.

[bagpuss lives] 10/9/2021 19:56

Wooty01

I think your reasoning is all wrong.(only my opinion)

Firstly. All of these shareholders have cross holdings in one two or even three companies and many of them had invested in Audioboom as part of their portfolio prior to initial involvement of Aquaa in Feb 21. None of them are going to walk away on mass and trash their own companies share price or their mates companies.

Secondly. Not taking a dubious "potential" offer isn't going to change the business model and they aren't buying it because they think it is worth £12.00 they are buying because they think it will be worth multiples of that. They aren't going to walk away if that's what they believe just because the company isn't in the right wrapper.

Thirdly. Many of those with concerns about ISA and/or ability to sell easily in the short term will have exited by now.

Fourthly. AAA need this deal to happen to make the company large enough for a Nasdaq listing and without they have Sentiance and a few other interlinked holdings like Mesh but they would have to settle for a lesser exchange and a dent in their deal making credibility.

Fifth. AQUAA buying didn't run the share price up. The majority of their shares where purchased direct from Candy and not in the open market the shares went up on the back of the Final results and tRADING UPDATES.

The longer this goes on the more damage is done to AAA's credibility so they are going to have to come up with a new plan as I don't think the current offer despite 50% support gets it over the line.

Bagpuss

[wooty01] 10/9/2021 18:00

The further extension is to finalise the Sentiance acquisition by AAA. Nasdaq listing is in the distance in my opinion. It's a binary decision for for or against. Minor shareholders with ISA considerations I assume are against. They'll sell. The MM will weaken the market and they'll screwed on the price in the near future. Larger long term holders will not view the ISA as important even if they have a portion invested there. The big picture is wait another year and AAA shares will re list and I sincerely hope there is a very large multiple profit. Sell now at around 800p now seems totally daft. There is a majority in favour so it's going through - and the Boom board had better get friendly with AAA or the minority against are going to be the fall guys.

[rsig1] 10/9/2021 17:37

I hope that the Boom Board unequivocally reject any notion of a further extension as AAA have had the extension they requested and seem no closer to making an actual offer rather than merely to moot an offer which has already been firmly rejected. It is probably true that the share price could suffer in the short term and AAA will have done no favours for long term holders. However I believe in the Board and particularly Stuart Last, the business is growing strongly, and should continue to do so. 3rd quarter results are due soon, and hopefully also some visibility on full year expectations. The share price will recover although I do agree with all comments on the vagaries of Aim.

[hazl] 10/9/2021 17:23

I disagree entirely.
Many shares drop back initially if an offer doesn't work out, but as other people have said, this 'offer' was a mixed bag.
It rose well considering.
Again, there have been quite a few offers on UK companies recently;we are seen as fairly cheap.
The main problem,that I can see, is the general markets looking a bit iffy, especially next year.
However, it must be that eventually, we will be making plenty of money,surely .
We are the go to for this industry and I can only see us gaining in value ,even if the share price is volatile in the short term.
However I understand it being more important to those investors who have more of a quantity than I do.

[daddycoold] 10/9/2021 17:04

Wooty, I'd agree with your statement. Boom has enjoyed a good run this year, they're making money but not in profit. It's hard to make a market on them as their shares are sometimes so thinly traded sometimes only a few thousand a day. So if all the shareholders want their payday / key holders want out cos it hasn't gone their way - I could only see the price dump.

[wooty01] 10/9/2021 16:52

I don't particularly like the AAA potential offer but I'm realistic. No one else seems to be at the table. Price has gone down because firstly Boom directors won't agree to extension. They don't want to sell. Also where would Boom price be if AAQUA hadn't bought 15 percent over the past 12 months. Back at 4 or 5 GBP. Bonnier has 7 per cent in his own name as well. If these investors walk away away and sell just look out. Boom would be no where even given it's excellent results which I think is a fantastic job. The market in their reasoning have priced this at exactly 200p cash and 53p per AAA share of which 12.5 shares will be issued. That's it. Market not going for the last AAA placement price of 80pThat's it.

[bagpuss lives] 10/9/2021 16:26

Wooty

If the offer as signed up to is a done deal or such a good thing why isn't the price nearer £12.00?

The price didn't go up on the news so why do you assume it will go down on the reverse news?

Just asking.

Bagpuss

[wooty01] 10/9/2021 16:12

As per previous. Has price gone down because 51% of shareholders have signed LOI's for a sale at 1200p? Wait until AAA go away or no extension because Boom board don't want to sell. Then you'll see a price fall!

[hazl] 10/9/2021 15:14

Yes.Guess so.

[bagpuss lives] 10/9/2021 14:43

So I assume that nothing has changed and we wait for Monday. If Audioboom doesn't agree to the extension then it's decision time for AAA as to their next move, if they have one.

Bagpuss

[bagpuss lives] 10/9/2021 13:44

Board don't sound overly impressed with AAA's statement.

Bagpuss

[bagpuss lives] 10/9/2021 13:29

Delay it is then, subject to Audioboom agreement. All smells rather unpleasant and will be interesting to see if the OTC trading facility is delayed further for AAA's shares until after the new deadline.

Bagpuss

[wooty01] 10/9/2021 12:17

In my view, be careful what you wish for. I just don't know how this will react if AAA goes away either own accord or Boom board tells them to get lost and out of time. We all know that there are some who will take delight in saying Boom has failed etc etc. I'm sure we all want the best for the value of our shareholding!

[buggy] 10/9/2021 09:21

RE: NASDAQ Listing

I believe during the "Investor Meet" before last, Stuart Last said that BOOM will consider listing in the US, but not at that stage. He believes it is better to wait until the business becomes profitable. If we become profitable this year then listing in the US will be a step closer.

[buggy] 10/9/2021 09:15

Bugpuss,

they haven't actually made an offer, just a communication of an intention that they may make an offer. They have to act on this by Monday, unless BOOM management gets permission from the take over panel to extend the time, else they will need to communicate that they no longer intend to make an offer.

My view is that I will consider in any of these cases:
(a) they make a cash offer.
(b) if the are listed on an approved market and they make a cash plus share offer. [Knowing the trading price for the share I would then be able to access the value of the offer].

Else they should just go away.


PS:
I think the share price has been stale due to this uncertainty. May go up a touch today as people are assuming that the offer is not coming....but there is still Monday.

[bagpuss lives] 10/9/2021 08:50

Just for fun what is everybody's preference as an outcome for Monday:

a) Extension but with an updated offer and some additional info.
b) Recommendation to accept on an updated offer
c) Withdrawl of offer


To be honest I would like c) as I do think that £12 undervalues the Company but b) as a back up. An extension is going to be no good for anyone unless their is a material reason for it.

Bagpuss

[rsig1] 09/9/2021 14:15

With all this talk of Nasdaq. What's to prevent the Boom board deciding to list on Nasdaq. I am getting the impression from this bb that the main attraction with the AAA offer is that Boom effectively gets a Nasdaq listing and therefore maybe gets rerated.

[buggy] 09/9/2021 12:12

Just popped in to see how everybody is doing. still holding my position and still of the view that AAA will soon go away

No point in debating that as Monday will soon tell all. Yes BOOM management has given them their ears so lets see what they have to offer.
As for listing, without BOOM I am not sure AAA will get a listing market cap that they are hoping for, so based on that I do not expect them to go for a listing at a fraction of the price they are quoting for their share.

Others may think different but I don't really see much value in the two companies in AAA stable, AI yes but there are others that are much further advanced and it will take significant resource to even attempt to catch up.

Just my personal view, so lets wait till Monday. Normally, in general, good news do not get released to market on Friday, so if BOOM has something to shout about like look e have got a great deal for our investors then it would probably be announced on Monday. On same Monday AAA will have to withdraw if things has not panned out for them... unless another extension is agreed.

[bagpuss lives] 09/9/2021 09:09

I do agree with some of what you say but USA is also littered with companies that aren't viewed how some would want them to be and is just as manipulated for smaller stocks as AIM is.

I do think if it wasn't for the offer that the results last month would have seen Boom rerated but uncertainty has stalled that.

Bagpuss

[wooty01] 09/9/2021 08:58

I understand where you're coming from. But Boom either has to go private or list in USA. The AIM market just won't value Boom on a fair basis. Boom is profitable and performing far better than competition and the sector in general. All to be endorsed by Q3 results in early October. I'm here to make a sizeable profit after 7 years of seeing Boom almost decimated by the unruly band on AIM. I want to see Boom valued on the same basis as ACAST and Wondery etc. That is never going to happen here on AIM or London.

[bagpuss lives] 09/9/2021 08:25

Wooty

You are entitled to you opinion but at the end of the day Boom and all of its staff are running the business and building it without fretting daily over a shareprice. I'm not sure how you think AAA are going to do this any better privately than as a listed entity when they can't even manage to get their shares traded off market after more than a month.

Bagpuss

[wooty01] 08/9/2021 19:06

I'm positive on what AAA are trying to do. Adding value to Boom if they acquire. More money can be raised in the private market without the virtual hysterics on AIM any time new funds are required. I'll be glad to get out of this environment and it'll be a relief for boom

[hazl] 08/9/2021 12:35

Well you either believe in them or you don't.
They are in constant use everyday in reality.