Share Name Share Symbol Market Type Share ISIN Share Description
Audioboom Group Plc LSE:BOOM London Ordinary Share JE00BJYJFG60 ORD SHS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  2.50 1.2% 210.00 3,074 11:22:50
Bid Price Offer Price High Price Low Price Open Price
200.00 220.00 210.00 207.50 207.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 22.31 -7.54 -0.55 29
Last Trade Time Trade Type Trade Size Trade Price Currency
11:22:43 O 500 215.00 GBX

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Date Time Title Posts
08/7/202014:54AudioBoom - Global Podcasts and Huge Markets3,157
06/7/202017:38Warren Buffett piling into stocks for 2006...stock market set to explode north!2
20/3/201913:55Audioboo-Boom or Bust ?3,257
17/12/201415:44Tip TV Daily market Round-up-

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Audioboom Daily Update: Audioboom Group Plc is listed in the Media sector of the London Stock Exchange with ticker BOOM. The last closing price for Audioboom was 207.50p.
Audioboom Group Plc has a 4 week average price of 182.50p and a 12 week average price of 176.50p.
The 1 year high share price is 285p while the 1 year low share price is currently 127.50p.
There are currently 14,006,757 shares in issue and the average daily traded volume is 14,749 shares. The market capitalisation of Audioboom Group Plc is £29,414,189.70.
tewkesbury: Wondery raised £15mm and ranked 4th. Valuation in the $100s of Millions. hTTps:// Audioboom ranked 6th and currently £29 million based on current share price. Audioboom very undervalued?
poebardem: Wondery raised £15mm and ranked 4th Valuation in the $100s of Millions hxxps:// Audioboom 6th and currently $30 million based on the share price Could Audioboom's undervaluation be any more obvious?
jasperthemonkeygod: I think your idea of a £200 share price is a little far fetched lukey, but I notice you got a few green ticks for that, so well done you
poebardem: Most recent comparable M&A (similar revs, growth etc..) was at $200mm. That would be £14 for Boom. A challenge for AB in this market, but considering Candy who could block a sale with his stake is probably averaged at £2.50-3.00. Logic suggests minimum of £4 buyout. Why would he sell for less than that? Not worth it for him, doesn't need to. Also, previous poster highlighted something about Raine likely benefit over £4, so anything less not interesting to them either. Why take it on if they don't think they can sell it at a good price. They are a credible outfit, why bother. Chairman's approach is methodical with a focus on delivering not the previous management approach. The recent RNSs are carefully worded, but if they are publicly saying good interest, it's most likely going very well. Fits with the Chairman's style. Even at £4 that's 2.2x current share price. A steal right now.
wooty01: This is business and an acquirer would try to get as cheaply as possible but given there are many interested parties this should ensure some good offers. The question is how to value. Will the current share price have an influence. Possibly. But given that every single acquisition so far has been a private company I would say the matrix has already been established. Based on revenue, quality of contracts, profile of podcasters. Specific to Boom is its extensive library already on Spotify and Apple. Also it's advertising platform. The public quotation makes an acquisition more complex as there are a multitude of small shareholders and all these shares have to be bought. The important thing is that all shareholders will be offered the same price on the same terms.
hottingup: Clearly something special is about to happen. I think the time is now right for BOOM to have a US listing, with BOOM's revenues rocketing, sky high value US floatations (e.g. Luminary Media and Himalaya Media recently floated in the US for $100m each, "with no products" as RP said), and US companies such a Spotify keen to make aquisitions. I think BOOM could issue 4.2m shares for a US listing (30% of the current number of shares) priced at $100m. That would make BOOM's remaining 14m post-consolidation UK shares worth around $333m (£265m) so the UK share price could rise around 10x from the current level. I also think BOOM could then buy back some of the UK shares, both to further increase the UK (and US) share price and help balance UK:US split in listing volumes. Furthermore, with that amount of cash, BOOM could create/buy new inventory that would generate well over $100m pa in recurring revenues 6 to 12 months down the line (Audioboom Originals have a 60% gross margin to BOOM) on top of current revenues. All that in place BOOM, would then be ideally positioned for a $500m to $1 billion takeover by Spotify, etc. Just my thoughts but it would make a lot of sense.
bbluesky: Thx Scoop, very, very interesting. The ludicrous Triton escapade has put them back financially a year or so and share price like wise. The clowns involved and you can't help thinking payola time, as can anyone justify the logic (?) have gone. My take is that they definitely don't want to dilute any more, hence the recent Candy/Tobin deal, because they are an exciting player and weaker distribution types would love to join the bandwagon (RB says as much in the podcast). Boom need the share price up to buy these wannabees. RB sounded frustrated in a "so close, so far" way mode. Its a win win but we need money or share price at a realistic level! Something like an 80% discount to US levels currently. The struggle is to get to the next stage, which like others, I am optimistic will be results time. Then take off and Boom will be a consolidator and a thus big player. Personally, I don't need to see a need to sell out, but of course if someone gives a silly price.... In AIM olden days people used to talk about 10 baggers. IMV a candidate.
hottingup: US podcast startup Luminary raises $100m (March 2019): hTTps:// Suggests to me BOOM should already be capitalised around $500m (£380) giving a BOOM share price of 28.2p
jasperthemonkeygod: my mistake, I misunderstood your post maybe hottingup could pick through all this below and put it in the header, my concern is what effect Candy et al will have when they dump In order to allow the Subscription Shares to be issued on a timely basis and within the Company's existing share allotment authorities and without the need to convene an extraordinary general meeting of the Company, Non-Executive Chairman Michael Tobin has agreed that the exercise of his 30,000,000 warrants (split into three tranches of 10,000,000 warrants) over new Ordinary Shares awarded to him on 3 September 2018 be made conditional upon the Company obtaining shareholder authorities to allot and issue the new shares arising on exercise of the warrants free of pre-emption rights ("Tobin Warrant Variation"). Such authority will be sought at a general meeting before 31 July 2019. In addition, in recognition that such warrants should be an incentive, the Company has agreed to (a) lower the exercise prices of the warrants from 2.4p, 4.4p and 6.4p to 1.3p, 3.3p and 5.3p respectively and (b) lower the share price hurdle for exercise of the second and third tranche of the warrants from 4.4p and 6.4p to 3.3p and 5.3p respectively. In addition, and in order to obtain a substantial participation in the Subscription, the Company has agreed with Nick Candy to extend the exercise period of 12,000,000 warrants over new Ordinary Shares held by him, granted pursuant to an agreement dated 2 April 2016, from 2 April 2019 to 31 March 2024 ("Candy Warrant Variation"). These warrants have an exercise price of 2.5 pence per Ordinary Share. Nick Candy is a 90% shareholder of Candy Ventures SARL. Candy Ventures SARL is a substantial shareholder of Audioboom, having an interest in approximately 19.5% of the voting rights of Audioboom, and is therefore a related party of Audioboom as defined by the AIM Rules. Nick Candy is also considered to be a related party of Audioboom by reason of his shareholding in Candy Ventures SARL. Michael Tobin and Roger Maddock, a Non-Executive Director of the Company, have subscribed for 3,846,160 Subscription Shares each, which represents an approximate amount of GBP50,000 each at the Subscription Price (the "Director Subscription Participations"). Candy Ventures SARL has subscribed for 46,153,850 Subscription Shares, which represents an approximate aggregate amount of GBP600,000 at the Subscription Price (the "Candy Ventures Subscription Participation"). Steven Smith, a Non-Executive Director of the Company, is also a director and 10% shareholder of Candy Ventures SARL and accordingly he too is a related party of Audioboom. As such, the Tobin Warrant Variation, the Candy Warrant Variation, the Director Subscription Participations and the Candy Ventures Subscription Participation constitute related party transactions pursuant to AIM Rule 13. The directors of Audioboom (with the exception of Michael Tobin, Steven Smith and Roger Maddock) consider, having consulted with Audioboom's nominated adviser, Allenby Capital Limited, that the terms of the Tobin Warrant Variation, the Candy Warrant Variation, the Director Subscription Participations and the Candy Ventures Subscription Participation are fair and reasonable insofar as Audioboom's shareholders are concerned.
timbo003: This year’s AudioBoom AGM was held on Wednesday 7th June 2017 commencing at 12:00 at The London Capital Club, 15 Abchurch Lane, London EC4N 7BW For Investors who are unfamiliar with the company, AudioBoom (BOOM) describe themselves as “The leading spoken‐word audio platform for hosting, distributing and monetising content” (or in layman terms they derive income from podcasts) The company first listed on the AIM market in 2014 through a reverse takeover of One Delta PLC, raising £3.5m through the issue of new shares at 1.5p/share. This valued the company at around £7m. The current market cap is approximately £23m with the shares priced at around 2.5p/share. The number of shares in issue having doubled since the IPO (from 467m to 918m) mainly through a combination of placings and debt to equity conversion which has provided working capital to fund growth plans. Following the most recent fund raise in March/April this year at 2.5p/share, the company’s broker (Allenby) forecast revenues to grow rapidly from £1.3m in 2016, to £23m for 2019 and the company has set itself a target milestone of reaching cash-flow breakeven on a monthly basis by the final quarter of 2018. Links to the main web site, the Annual Report, the latest trading update (June 7th) and the March 21st 2017 Allenby initiation report are here: Web site: Annual Report for year ending 30th November 2016: Q1 Trading update (7th June 2017): Allenby Research note (21st March 2017): There were around 30 attendees which included the BOD, representatives from Allenby, Walbrook and Capita and 5 or 6 ordinary shareholders, including myself. The Chairman (Malcolm Wall) kicked off the meeting by introducing the BOD and then went straight to the formal business. All resolutions were passed with majorities of 99.9% or more, with around 26% of the total shares voting in each case. The CEO Rod Proctor (RP) then gave a short presentation using a deck containing around 15 slides, we were told that some of the slides had been used before in recent analyst’s presentations and some were new, but none of them contained price sensitive information. The first few slides mainly concerned an overview of recent trends in Web based advertising and how they relate to AudioBoom’s business model. Main points of note were as follows: * There has been a huge decline in radio listening and a concomitant increase in podcast listening amongst the younger generations over the last few years and in particular 12 – 24 year olds. * 45% of Podcast listeners click through to the sponsor’s website (numbers can be tracked unlike radio) * 41% of the Web is ad blocked by users, but podcast advertising is unaffected by ad blockers, therefore advertisers like the podcast format. * Total podcast advertising spend is currently running at around $350m/year and forecast to grow to $1bn/year by 2020. AudioBoom are aiming to take a 10% share of the total. * In the US 33% of radio listening is on demand, this is growing at 2% per quarter, total radio advertising spend is $7.6Bn. RP then spend some time explaining how AudioBoom are monetising the advertising opportunities presented by these trends and how the company is progressing with respect to their main KPIs (key performance indicators) which were included in the Q1 trading statement released earlier in the day, key points were as follows: * UFRs (unique file requests) metrics are considered to be a KPI of paramount importance and AudioBoom have now adopted the high-bar IAB standards for what defines a UFR ( ). This maximises credibility with media advertising agencies and ultimately attracts more clients and greater revenues for each UFR. For example, in 2015 AudioBoom had 5-7 brands paying $4 per thousand UFRs, which has now increased to 80 brands paying $14 per thousand UFRs. * An added advantage to the AudioBoom podcast format for advertisers is the adverts are tailored to the listener and different advertisments can be inserted as time progresses, thus keeping the advertising fresh and relevant. * The recent acquisition of SONR (for £1.42m) with it’s Natural Language Processing technology has improved the ability to match ads to listeners, thus further increasing the appeal of the AudioBoom platform to advertisers. * Spoken word artists/performers are now turning to podcasts to distribute their work rather than relying on broadcasters such as the BBC. The advantage to the artist is that they own the output and the income from these podcasts is recurring in nature and potentially perpetual (assuming the UFRs continue). This is in contrast to income derived from work commissioned and owned by a radio broadcaster. * RP gave a list of spoken word artists now using Audioboom podcasts which were usually linked to their social media pages, for example, Romesh Ranganathan and Edith Bowman, who are two of the most popular Artists as measured by UFTs: Q&As Note the Q&As are not a verbatim account, I did not record the proceedings, it is just a summary of what was discussed. Q: We need more big investors/institutions buying in the market to raise the company profile and the share price. Communications are better now with Allenby on board (since March) but more needs to be done. A: We share your frustration with the low valuation, but we are now investing with the future in mind. Q: The trading statement could have been worded somewhat better than it was, on first read it looked like revenues would not meet targets. A: We are on track to meet targets and we stand by the statement in the Annual report that we aim to reach cash flow breakeven by Q4 2018. We could achieve breakeven sooner if we were not investing for future growth on an ongoing basis. Q: We have had an Android Ap. on Googleplay for a while now, has much come out of that? A: Googleplay is mainly for music rather than the spoken word, but there is a large nascent potential and we are the first mover. Separately we have had interesting conversations with Google Android people about incorporating the AudioBoom technology into the Android operating system. Q: What is happening with our tie up with Cumulus Media in the US (note: Cumulus is the second largest operator in the US, with 450 local stations)? A: Our COO is now based in New York, so geographically close to Cumulus and this facilitates good communication. Cumulus would probably acknowledge that AudioBoom are better at promoting directly to agencies than they are, the agreement with Cumulus has a year and a bit longer to run. Q: Who are your biggest competitors? A: In the UK it’s probably Acast ( ). In the past Acast have taken customers from us but they couldn’t deliver, so many of those customers are now returning to AudioBoom. In the US, Audioboom are probably number four behind Midroll (the largest), Panopoly and PodcastOne ( ) Q: The SONR Natural Language Processing algorithms and technology could probably have applications beyond that of targeted podcast advertising. Are there any opportunities to out-licence the technologies to non-competitors? A: Yes, almost certainly, for example Reddit ( ) are potentially a very big user. Q: What is happening outside of the US and UK, are there any new markets that AudioBoom are looking at? A: India is a huge nascent market, we should benefit from first mover advantage should it take off. Q&As with RP (post meeting) Q: If 41% of the web usage is ad blocked, is there any possibility that someone will come up with an ad blocker for podcasts? A: Almost certainly not, the AudioBoom system inserts the user targeted advertisments just before download/usage. Without ad insertion the podcast will not download or function. Q: If a podcast is downloaded and then shared off line with 100 other unique users, how many UFRs will be credited? A: One Q: If a user downloads a podcast and listens to it 100 times, how many UFRs will be credited? A: One Q: What % of users listen to podcasts on line and what % off line? A: It is roughly 50% for each Q: Could we take the IP we need from SONR and then spin off the company? A: All options would be considered. The SONR technology / IP could be split with AudioBoom retaining the portion relating to their business and SONR could then be sold on to a trade buyer. The sale price should be more than the price paid by AudioBoom earlier this year and proceeds would be used to fund further growth. SONR is currently being run as a separate company and it has not been integrated, so a spin out would be relatively straight forward. Postscript: RP stated during his presentation that the slides could be made available on the web site, so I have made a request with Walbrook that they follow this up. Edit (10th June): The AGM slide deck s now available on the company web site:
Audioboom share price data is direct from the London Stock Exchange
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