Audioboom Share Discussion Threads

[cocker] 11/2/2020 09:43

Perhaps he doesn't want to finance it anymore and thus recoup some of his investment. If the instruction of such a great deal maker is king, then why has the share price not gone into orbit.

[wooty01] 11/2/2020 08:49

Raine Group are the preeminent deal makers in media ! http://raine.com/

[wooty01] 10/2/2020 20:14

I agree with you dirty75. Candy fully knows the end game here. No warrants taken in new loan in SPV. Just a bridging facility. New podcasts and production to show buyer the path of 2020 revenue of $35m.As you say due diligence done. Data room since day or Trading Update in mid December. Strategic Review already done. Raine works on action and putting parties together. Thus decision is to sell as this maximises shareholders return. All other options are spurious.

[deanoblues] 10/2/2020 15:51

https://www.thisismoney.co.uk/money/markets/article-7986695/Audioboom-shares-jump-podcast-platform-backed-Nick-Candy-confirms-looking-buyer.html

[pmtomkinson] 10/2/2020 14:58

And of course bobby the worst possible option is talked about. Spotify have been buying up left right and centre. Twitter, News Corp, I Heart haven't even started. These guys are running the numbers on Boom and we shall soon see.

[bobby1904] 10/2/2020 14:42

Do you guys know anything at all about corporate law etc?? They can't just "take it private". They would need to run a takeover process and get enough shareholders to vote in favour etc. This won't happen unless the price is right. I honestly never seem so much naive claptrap written as I'm seeing today. You guys don't deserve to earn a penny in the world of investment as you are totally clueless!!

[jasperthemonkeygod] 10/2/2020 14:31

Audioboom's largest shareholder, Candy Ventures, which was founded by Nick Candy, the property and technology investor, is another possible contender to take the company private.

who knows, but the Sky news article refers to it, does it not?

hxxps://news.sky.com/story/candy-backed-podcaster-audioboom-tunes-into-sale-or-merger-11928962

[wooty01] 10/2/2020 14:29

Who could and would fund Candy around $75m ( he owns 26%) if the company is as rubbish as some say. Also consolidation is happening now and in 24 months you've missed the boat! This is my view.

[city chappy] 10/2/2020 14:24

I'm just saying that if I was Candy, I would delist the company, put myself back on the board, issue mydelf and other directors lots more shares to dilute out the PI's and help line my own pockets, then sell the company. That is just what I would do. Might not happen but then again, why not?

[poebardem] 10/2/2020 14:14

The "widely reported" comment is not reading between the lines as Wooty01 points out, it's a lie.

City Chappy - "Candy and Tobin have been funding the company via share issues anyway" also not true and not in recent public announcements. The SPV approach actually shows consideration to private investors by not diluting the shares. If taking it private was the plan, then an investment approach from Candy and Tobin would have made more sense.

[wooty01] 10/2/2020 14:06

Raine would not get involved in a privatisation. It talks to major US media companies. Raine would on a performance based fee. This is the normal basis for remuneration. The base value of Audioboom would have to be above the current market price given that it's undervalued on Aim in comparison touts US peers. I'd reckon it would be based on a starting value of around £3.50 to £4 a share roughly £50m ($70m) value. Anything above they get a nice fee. Sell out value over $100 being 4 X $35m 2020 revised revenue forecast issued on Friday.

[bobby1904] 10/2/2020 14:04

Not correct. Management changes make past performance less relevant. And the point on a placing is simply untrue. You're speculating to make the situation fit your assumptions. What matters now is whether the business can be sold & at what price. Buyers don't have your baggage. They will look objectively at the current business & decide what it's worth to them as at today.

[jasperthemonkeygod] 10/2/2020 13:35

the risk being they wouldn't want to pay much for it

[wooty01] 10/2/2020 13:33

Reading between the lines is not the same as widely reported.

[wooty01] 10/2/2020 13:31

What risk? money is money and I don't care who buys it. If the company is so bad why would Candy buy it?Statements fly around here without any thought.

[jasperthemonkeygod] 10/2/2020 13:01

that is a risk, city chappy

it's called reading between the lines, poebardem

[city chappy] 10/2/2020 12:57

I personally think they will take it private. Candy and Tobin have been funding the company via share issues anyway, and don't need the hassle and expense of market listing, NOMAD and broker fees, to do that.

Delisting could then give them scope to give themselves more shares and dilute out the PI's for a sale. Simple

[poebardem] 10/2/2020 12:55

Bitter and still making up rubbish despite recent news.

"A fund raise was widely report that could not get off the ground" is just a blatant lie.
Where is that in the recent public announcements?

In a market that is consolidating, all the news and announcements point to a sale. Last chance.

[inaminute] 10/2/2020 12:44

Sounds like a few missed their chance and remain bitter about it

[cocker] 10/2/2020 12:26

Obsessed with the past. Surely if a company has failed to meet its targets for as long as one can remember, then that is it's history and surely should not be ignored. Unless of course there is a method to your madness. A fund raise was widely report that could not get off the ground, therefore the only option to its sugar daddy is to put it up for sale and try to recoup something from his investment.

[dirty75] 10/2/2020 11:50

I'd think he, NC,know's where Boom is going after sticking in X equity and Y debt over recent months.

These Raine guys would not have turned up on Friday, I would think they've been doing there DD for a while.