Audioboom Share Discussion Threads

[parob] 30/11/2023 12:54

Having researched this thoroughly over the past couple of weeks and checking through all RNS, I am amazed the company sits at this valuation but I guess that's where the opportunity is.Going into 2024, they are expecting RECORD annual revenues and a move to STRONG adjusted EBITDA positivity:"The Company anticipates record revenue in 2024, with operational improvements (including the significant reduction in minimum guarantee obligations) delivering a return to strong adjusted EBITDA positivity."The company has never really been in a stronger position and yet the share price sits pretty close to multi-years lows. Valuation is crazily cheap at the mo imo, that's why a few of us are expecting a rapid recovery in price and/or takeover.

[amelio] 30/11/2023 12:39

Second gear almost engaged…

That gap in touching distance :-)

[amelio] 30/11/2023 12:30

It’s so chronically undervalued the next 3 months could easily see 200-300% gains. It’s only just started gaining traction but once it grips it move hard imo.

[someuwin] 30/11/2023 12:08

You can see from header that the long term chart has bottomed out and is now gradually trending up.

This looks to me like the early stage in a classic bowl formation. Which, when you consider how much it has come down could provide stunning returns over the next 12 / 18 months.

[amelio] 30/11/2023 10:44

Third crack at the 220 today. It’s going crack win enough and once it does you might have a few more high profile chartists chip in. Gap fill time :-)

[amelio] 30/11/2023 10:43

Twitter very quiet but clearly interest is gathering pace.

[parob] 30/11/2023 09:33

Thanks someuwin, and that's from the 2nd Nov, since then we've had 2 very positive RNS on the 9th and 15th Nov.Not too much noise on Twitter which I tend to see as a good sign as hopefully more long term investors as opposed to short term traders in this. Don't get me wrong I sometimes trade, but this is a strong long term hold for me. It will no doubt get bought out at some point imo.

[someuwin] 30/11/2023 09:25

A few bits from Cavendish note 02/Nov/2023:

Ticker BOOM:AIM
Software & Computer Services
Shares in issue (m) 16.4
Next results FY Mar
Price 132.5p
Target price 1300.0p
Upside 881%
Market Cap £21.7m

Audioboom’s investment case – As we explain in more depth in our initiation, Audioboom is capitalising upon the structural growth in podcast advertising, through leveraging its highly scalable, cloud-based platform, and its strong relationships with leading podcasters. In every year from 2017-22, its revenue growth outperformed the market, and as it scales Showcase and capitalises upon advertisers structurally increasing spend on podcasts, we expect it will be excellently positioned to outperform the market in FY24 and beyond.


...Crucially, our Q4 and FY24 revenue growth of +4% and +21% do not include an improvement in ad pricing beyond current levels, and instead reflect management’s efforts to win new podcasts, new inventory from existing podcasts, and expanding relationships with a diverse range of larger advertisers and demand-side partners. Any improvement in the macro environment will then drive upside to our revenue forecasts, which will gear strongly to adjusted EBITDA and cash, as management are acutely focused on reducing minimum guarantees and optimising revenue shares for new and existing podcasts. We look forward to Audioboom capitalising on its strong foundation through robust operating and financial momentum at the Q4 update, the renewal of key podcasts on attractive terms, and new podcast wins.

[parob] 30/11/2023 08:57

With huge CAGR growth expected in the podcasting market over the next few years, mergers and acquisitions are inevitable imo.The global podcasting market size was valued at USD 18.52 billion in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 27.6% from 2023 to 2030. Other analysts are forecasting 30%+. hTTps://www.grandviewresearch.com/industry-analysis/podcast-market

[parvez] 30/11/2023 08:50

This was part of an announcement on 23 July 2021 (feel free to check for yourselves):


AAA notes the response to its possible offer issued by Audioboom Group plc ('Audioboom') yesterday. AAA remains fully committed to continuing conversations and engaging further with Audioboom, to expanding on the merits of its possible offer and to seeking a recommendation. It notes shareholders representing over a quarter of Audioboom's equity have already given their irrevocable support to the indicatively priced GBP12 per share possible offer, being 12.5 new AAA Shares and 200p in cash per Audioboom Share.

Then in 2022 there were rumours of Spotify and Amazon running the slide rule. As someone said in one of the previous postings: Sitting duck??

[wooty01] 30/11/2023 08:28

I only have a pdf version so that won't work unfortunately.

[amelio] 30/11/2023 08:18

Another strong volume day and this does another 10-15%

[parob] 30/11/2023 08:04

Does anyone have a link to the full cavendish note?They currently have a share price target of 1300p and according to Myles in this tweet (who must have seen the full note), they have pencilled in revenue of $79M for 2024.hTTps://x.com/mylesmcnulty/status/1720020622787366951?s=46&t=_ybVnpe01AP_F1Pw0JqKTgIn the recent trading update we get:"Strong start to Q4 2023 with anticipated revenue of at least US$19 million, the Company's highest revenue quarter since Q2 2022 and representing a return to year-on-year growth on a quarterly basis"So once the $17.9M is annualised, cavendish's forecast for 2024 only includes a small amount of growth.I reckon we will be looking at $90M+.With the company expecting record revenue next year, plus with all the recent positive news helping to boost revenue, I think we will see many 'beating expectations' RNS next year with cavendish upgrading their forecasts/sp target further. Hopefully we see an RNS in the near future confirming "Anticipated return to adjusted EBITDA profit in Q4 2023" as the market would really like that. Interesting there have been no Director buys in November :)I have just bought more whilst we're at this depressed market cap of just £33M. Once other investors cotton on, I personally think the re-rate could be pretty speedy up to a more sensible MCap around the £100M mark.

[jungmana] 30/11/2023 07:55

Yes 1000p minimum would be more acceptable in a few months time . I know a starting bid of 500p will most likely be rejected. This is extremely oversold especially that the company is doing far better with $19 million of revenue expected to be generated in Q4.One to accumulate and sit tight

[amelio] 30/11/2023 07:49

Strong into the close yesterday. Looking for a third attempt to break through that 220 mark and we know the more times it hammers that area the weaker the resistance becomes.
After that a big gap to fill to c275.

[wooty01] 29/11/2023 16:47

Absolutely Amelio!

[wooty01] 29/11/2023 16:46

Good posts Parob

[amelio] 29/11/2023 16:11

The moves are becoming more aggressive with each uptrend. That gap is filled before the year is out but hold into next year where the takeover talks heat up (imo), that’s where the real gains are going to be made.

[wooty01] 29/11/2023 15:59

Of course there is but still forces out there wishing no goodwill to this first class company. Long term holders will have their rewards.

[wooty01] 29/11/2023 15:58

No offer at £5 will be acceptable. Tobin is now a significant shareholder and Stuart Last has a meaningful stake. Based on Cavendish Note with a fair market value of £13, directors and major shareholders will not under sell. This is third bite at the cherry and it will be successful. Anyone's guess above £10 minimum. Cavendish have an excellent record on M&A. Beware anyone short of Bbom.

[mrsqueezy] 29/11/2023 15:30

Squeeeeeeeeze! Ouch!

[amelio] 29/11/2023 14:07

Sizeable trades landing.

[amelio] 29/11/2023 10:11

If they’re not swallowed or at least part of takeover talks next year I’ll be amazed. As you say, sitting duck sums it up at BOOM’s current valuation.

[jungmana] 29/11/2023 09:49

I sold out in summer of 2022 about 800p but after the recent updates am back in .
Should be a stellar 2024 imo and we may see a bid here soon as is a sitting duck at a very low market valuation

"As recently announced the Company expects to generate more than US$19 million of revenue in Q4 2023, a return to year-over-year topline growth and the strongest revenue period for the Company since Q2 2022. The quarter has started well with October delivering the highest revenue month of 2023.

Audioboom's CEO, Stuart Last, commented: "I'm delighted that we have achieved this milestone. To create more than one billion monthly advertising impressions highlights the scale that we are developing at Audioboom. We continue to develop innovative technology that enables our creators to maximize the value of their content, while providing our brand partners with powerful advertising options. Our increased scale will power a strong end to 2023 and a record year for Audioboom in 2024."