Audioboom Share Discussion Threads

[vengeful53] 13/9/2021 17:13

So once again CAndy and acolytes prove ineffective at getting a deal done, however asit was a poor deal for BOOM SHAREholdersgoodriddance.
Interesting article yesterday in TIMES about MIKE TOBIN Boom Chmn who has launched a 150m SPAC in Dutch market
Hopefully now the AAA shareholders will depart and leave Tobin to turn up the gas on this company. At some time I am confident he will engineer an exit, probably PE backed buyout

[hazl] 13/9/2021 15:17

I dislike the title of ALNC's version of RNS.

If read quickly it could mislead.


Loses could be mistaken for losses ,when we know they had a record August!
Again the comma is practically lost on my small screen.

[hazl] 13/9/2021 14:56

I think mdchand has some very valid points
I for one am happy that management is in full control for now.

[wooty01] 13/9/2021 14:34

Baying not buying.

[wooty01] 13/9/2021 14:33

The revised 2021 revenue of USD53.3m is astounding. I think original estimate was below USD40m. 2022 is USD66m. Market has been been buying for such revenue. EBITDA 2021 is forecast at positive USD 1m. Again astonishing.As I've been pounding the drum, we will I fear never get near GBP12 based on financial figures. That's from bitter experience ( and I am up to investing thx mdchand!)

[wooty01] 13/9/2021 14:25

Significantly outstripping global marketA positive trading update from Audioboom Group plc, one of the leading independent podcasting companies, results in the fourth significant upgrade to forecasts this year as the company continues to outpace growth of the global podcasting industry. This performance has been driven by continued growth in the Audioboom's content-focused expansion plan with growth in premium advertising inventory, increased demand and strong pricing, and increased back catalogue inventory created by Audioboom's proprietary AdRip tool. Audioboom has reported record performance in August across its three KPIs (average monthly downloads, brand advertiser count and average eCPM) resulting in record monthly revenue ($7.0m) and adj. EBITDA ($0.5m). Separately, All Active Asset Management has withdrawn its possible offer for the company, initially announced in July. We increase our fair value per share to 1230p from (1020p), equivalent to an FY22 EV/revenue multiple of 4.0x of revised forecasts. (David Johnson)

[wooty01] 13/9/2021 14:24

Yes at midday. I didn't post link as I thought you might have access. If buggy's link doesn't work let me know

[buggy] 13/9/2021 14:01

broker update.

hxxp://www.allenbycapital.com/research/research-boom_old_15_1176173685.pdf

[rsig1] 13/9/2021 13:56

Wooty1, you mentioned Allenby target of 12.30. Has their been a broker update I've missed

[ebomber] 13/9/2021 13:32

Feels good to be invested in BOOM right now.

[buggy] 13/9/2021 13:30

Current Performance( August data):

Monthly Revenue = $7M
Monthly EBITDA profit = $0.5M

Assuming zero growth , (unlikely), if this is repeated next year then we are talking about

FY22 Revenue= $84M
FY22 EBITDA profit = $6M

Lets see how that translates to Share price in 6months time.

[mdchand] 13/9/2021 13:30

Wooty - I'm not sure investing is the right thing for you if you get this upset about a share that has risen about 500% in the last few years. Amazing that people think these type of price rises are entirely common. They are not.

And yes, the share price will be affected by short term selling BUT all things ultimately are reflected in the share price However, there are times when the share price lags the underlying fundamentals which is the case here.

So let the ST & AAA holders dump. They will be replaced. I suspect one of the reasons Boom never got a counter bid is due to the fact that the majority of Booms 'AAA' shareholders wouldnt sell unless they got £22 bid - which is plainly stupid.

They act as a poison pill defence, so I would be happy for them to dump away. Not to mention the fact that Boom could always apply for a dual US listing if it felt it was appropriate to do so.

Please stop focusing on the day to day noise. That only matters if your a day trader.

[hazl] 13/9/2021 13:10

Lunch time the price often softens.
I often look to buy if I missed the boat first thing when I'm acquiring stocks.

[buggy] 13/9/2021 13:08

Hopefully after a short period of turbulence this will start its journey again.

My take is that Stuart Last knows more about podcasting business in his little finger that the entirety of AAA management.

If after 2 months AAA has not managed to convince Stuart of the merits of the offer then I am more liable to believe Sturat than people that do not have a basic understanding of the business area.

[wooty01] 13/9/2021 12:57

Allenby are saying price target is now gbp 12.30Fingers crossed for positive market reaction.

[buggy] 13/9/2021 12:47

Wooty01,

Why don't you sell before it goes down to zero, assuming you hold anyway?

I thought AAA will acquire us and I was annoyed so I sold, now they are away so I bought .... that is normally the way it goes.

[wooty01] 13/9/2021 12:38

Sellers now coming back. Has anyone thought about the big shareholders and the majority who voted for the offer now selling. They've mostly acquired around 200p to 500p. Nice profit even as this gets to whatever, let's say 600p. And all the while we go back to the old story of Boom. Results don't do a fig to the price. Never have done. You've all got what you wished for. Now live with the price action because the excellent update today has done ZERO. And I'm annoyed.

[buggy] 13/9/2021 12:22

Bought back in this afternoon. Sold out on Friday as the AAA release sounded as if they will carry the day.

As such have removed BOOM from my portfolio and did not see the RNS that AAA has walked away. Could have bought back in much cheaper if I saw the RNS early enough. unfortunately I could not buy all much as I had before as IO had moved half the money elsewhere , so could only buy back 3762 shares.

Now with this fiasco behind us the broker can issue an update.

[wooty01] 13/9/2021 10:16

I'm looking at my selection of hats. Top hat, Panama, golf, fedora.

[hazl] 13/9/2021 09:45

Sit back and enjoy BOOM's continued success.


As I say, I'd rather have 800p and a growing company than an offer of 200p and confusion.

[mdchand] 13/9/2021 09:44

Wooty - we've just had an earnings upgrade from Boom and clear signals that future trading will be well ahead of expectations so there will be plenty of positive newsflow that will ultimately be reflected in the price.

If you havent sold, just sit back and let Boom do what they are clearly very good at doing and the share price will take care of itself.

And if AAA does get a float on Nasdaq, we will all be able to take a considered view on the value of the AAA paper.

[wooty01] 13/9/2021 09:25

I'll eat my hat if this ends up on the day. And gladly. Now that most have had their breakfast there's been an up tick.Allenby now have to issue a note with a valuation in well in excess of GBP12. Also the price of Boom prior to AAA offer was 880p. Currently 5pc lower. Why would that be. Agreed I was hot under the collar but this still doesn't feel. Boom isn't home and dry. There needs to be another suitor. Or of course if the price stays around 800p for the next month or two there might be a revised bid of 1000p from AAA. That'll make people choke over their cornflakes.

[bertiebingo] 13/9/2021 09:07

And that 50.9% isn't anywhere near enough to continue the bid process given the complexity of the offer ie AAA shares.

[bobby1904] 13/9/2021 08:41

Very bright imo!!