Audioboom Share Discussion Threads

[parob] 18/4/2024 06:47

Is it possible that Tobin could form a syndicate with other investors and buy the company out?

[jungmana] 18/4/2024 06:31

Tobin keeps buying, why not when is so cheap .

Boom will be taken by end of this year imo.

Nothing less than 800p will get a yes from me on my small 22k shares

[wooty01] 18/4/2024 06:25

I should have fully checked the ISA rules cyberbub. Thx for correction. I was thinking along the lines that private companies are not allowed as investments in ISA and only UK public companies. Glad to be corrected.

[parob] 18/4/2024 06:08

Another 2000 shares for Tobin taking him up to 804500 shares (4.9%). I am sure he knows this will be taken out at some point when he will be able to liquidate his large holding.More sellers have been shaken out over the past three days. They can only sell once!Need to crack the 325-350 area before the next leg can commence.

[amaretto1] 18/4/2024 05:31

What are the average margins on this business model ? I've been told they are very little So absolutely no room for negotiation True ?

[wooty01] 17/4/2024 17:43

We are of course talking about drastic action which I'm sure the directors would only proceed with if the current undervaluation continues. The best for all is a sale and I'm sure this will happen later this year. At the moment it's not a sellers' market as highlighted by Stuart Last. So Audiboom just has to continue with its business, prove its worth and wait for an approach. Cavendish have an excellent reputation and track record in M&A.

[wooty01] 17/4/2024 17:37

Thx cyberbub. Boom is basically a US company with the vast proportion of its revenue coming in USD in USA market. Most of senior management are in New York. If I was part of the decision making on this issue I'd take the steps to go fully into a US stock market. No point having a major portion of stock still in UK and subject to the mindset of negativity which is mirrored on this board. There will be issues for some investors who have used ISA and will not be able to tax shield their investment anymore.

[cyberbub] 17/4/2024 16:51

You can either cancel the listing on AIM and transfer to the Nasdaq lock stock and barrel, and we end up owning US stocks (perfectly legal and straightforward to trade). Or else you can transfer some of the shares onto Nasdaq using what are known as American Depositary Receipts (ADRs) which is typically a package of 5 or 10 shares which remain sort of UK-listed but US-traded. Or you can issue some new shares, perhaps 20-25% extra shares, specifically for listing on Nasdaq (in effect a small placing). Naturally we would probably not prefer the last option as it's dilution, but if the company uses any new monies to ramp up expansion, and if ultimately it means that the share price rises 100% fairly quickly, we probably wouldn't mind :-)

[wooty01] 17/4/2024 16:03

You're right Div, but Audioboom have every justification. The company has grown enormously with proven revenue and increasing market penetration in the podcast industry. We know what's happening and the stark reality is that AIM is no longer a true market for serious businesses. It's for traders but it's become significantly worse.

[mrbear2] 17/4/2024 15:39

Wooty I don't know the process either would be interested to be enlightened.

[divmad] 17/4/2024 15:28

There's probably not an AIM CEO who doesn't believe his company is being woefully undervalued on that market. Short of closing down that market forever, it isn't going to change much until the HM Treasury get serious about making London markets once again the go-to place for global venture and risk capital.

[wooty01] 17/4/2024 15:23

You've read the comments correctly MrBear2. Management are totally frustrated with the Aim market and rightly so. On no metrics is the current valuation realistic nor justified. We all now it's being manipulated between a range of 250 to 350. All by the same players except for some a few new or long term investors. If this situation doesn't change I fully expect a listing elsewhere or a sale which probably won't be near a fair value of £13. But for sure work is going on in the background and something will be done. Management have had enough of growing the company and a true value not being reflected. I don't know the process to delist and move to another stock market.

[mrbear2] 17/4/2024 13:52

Had a good listen to the Investor Presentation on you tube last night and its clear to me that there is some dismay at the current valuation of the business and share price. It was also clear that they have looked into the possibility of a relisting in the US. There will come a time, I think, when they decide to do this if things do not pick up. I wonder if major shareholder's (Tobin/Candy)are encouraging this? My view, and I'm no expert, is that if this does not pick up by the year end a US listing could be a real possibility. Thoughts?

[mrsqueezy] 17/4/2024 11:27

Agreed. Although I see these pullbacks as an opportunity. Perfect for those with a long term view on the company.

[jungmana] 17/4/2024 10:55

This is just unbelievable. There are rubbish dog poo shares on the market valued a lot more than boom .
This is a fast growing tech company that's valued at next to nothing compared to peers .
Imo boom should be trading at 500p+

[z1co] 17/4/2024 09:00

Share price weakening as it did after the January's trading update.I will buy more before the Q2 update.

Outlook for year is excellent.

[seedoftongo] 16/4/2024 13:32

Never mind the share price …

Festario has no neck .

Bowling pin kinda guy .

[festario] 16/4/2024 08:32

I have a beautiful, elegant, swan-like neck.

[seedoftongo] 16/4/2024 08:29

Festario , that’s you isn’t it ?

How comes you don’t have a neck ??

[ozzywalker] 16/4/2024 08:18

Nice shirt

[exter] 16/4/2024 08:10

Complete absence of neck.