Audioboom Share Price (BOOM)

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
  -5.00 -1.98% 247.50 48,866 15:57:07
Bid Price Offer Price High Price Low Price Open Price
240.00 255.00 260.00 247.50 252.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Media 11.66 -8.36 -0.77 35
Last Trade Time Trade Type Trade Size Trade Price Currency
15:54:19 O 10,000 242.00 GBX
Related Shares
Relx (REL), Wpp (WPP), Hawkwing (HNG), Mediazest (MDZ)

Audioboom (BOOM) Latest News (2)

Audioboom News

Date Time Source Headline
21/2/202011:06UKREGIntrinsic Capital LLP Form 8.3 - Audioboom Group plc
21/2/202007:00UKREGTriton Holdings (Cayman), L.P. Form 8.3 - Audioboom Group PLC
20/2/202013:00UKREGAudioboom Group PLC Form 8 (OPD) (Audioboom Group plc)
20/2/202012:08UKREGCourtney Investments Ltd Form 8.3 - AUDIOBOOM GROUP PLC
19/2/202014:21UKREGSlovar Limited Form 8.3 - Audioboom Group plc
19/2/202012:18ALNCAudioboom Gets Regulatory Approval To Not Publicly Identify Offerors
19/2/202007:43ALNCFAlliance News Flash Headline
19/2/202007:00UKREGAudioboom Group PLC Review of Strategic Options - Formal Sale Process
18/2/202016:26UKREGJane Alison Hamon Form 8.3 - Audioboom Group plc
18/2/202015:36UKREGAudioboom Group PLC Form 8.3 - Audioboom Group plc
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Audioboom Takeover Rumours

Audioboom (BOOM) Discussions and Chat

Audioboom Forums and Chat

Date Time Title Posts
21/2/202008:55AudioBoom - Global Podcasts and Huge Markets2,447
29/5/201910:58AudioBoom1
20/3/201913:55Audioboo-Boom or Bust ?3,257
17/12/201415:44Tip TV Daily market Round-up-
05/8/201413:34Audioboom (OneDelta)11

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Audioboom (BOOM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
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14:15:59250.505001,252.50O
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Audioboom (BOOM) Top Chat Posts

DateSubject
21/2/2020
08:20		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 252.50p.
Audioboom Group Plc has a 4 week average price of 190p and a 12 week average price of 190p.
The 1 year high share price is 285p while the 1 year low share price is currently 93.70p.
There are currently 14,006,757 shares in issue and the average daily traded volume is 48,709 shares. The market capitalisation of Audioboom Group Plc is £35,717,230.35.
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28/1/2020
12:04		jaknife: People have been making the same ramptastic comment for years and years but the reality of the matter is that it's always turned out to be a bent board ramping the share price to get it up in advance of the inevitable placing that followed.
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20/1/2020
12:13		poebardem: These results suggest the gap is closing, cash at bank is higher than this time last year and break even or profitability may be achievable in 2020. There is no certainty of a need to raise as mchand's assumptions suggest. Notably though, compared to unlisted podcasting businesses, Boom has not raised as much to get where it is. Management are showing a steady hand. Confident Director buys in H2 2019. Still looks like a sensible acquisition target considering the consistent delivery over the year, growth in original content, position in the market and revenue growth rates in a growing market. Any which way the share price is at a significant discount to the 4.75 fair value mentioned. Don't buy if you don't believe, but don't moan when you miss the boat.
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09/1/2020
09:27		hottingup: I think fair value is probably around 5x current gross annual revenues, so around $110m (assuming at least $22m for the full year just gone) meaning a share price 3x the current level and £7.
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04/8/2019
16:05		poebardem: Ah yes Deccer1,of course. I see so clearly now. Why didn't I think of this. The CEO is deliberately trying to say things that confuse the market, provide people like you with ammunition to knock the business so people don't want to buy the shares. Of course that makes complete logical sense lol. The company management also want to do everything they can to reduce the share price when the company is growing significantly. Also, you a non-supporter of the company trying to short the stock has inside information that 6mm shares will be issued which will negatively impact the share price. What a great strategy, a rapidly growing company that is deliberately trying to sabotage it's success. You should write a book on it, maybe "How to kill your company when it's on course to double it's revenues". I'm sure you could come up with a catchier title though lol.
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04/7/2019
18:43		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.
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04/7/2019
18:34		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.
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12/3/2019
21:04		hottingup: US podcast startup Luminary raises $100m (March 2019): hTTps://www.nytimes.com/2019/03/03/business/media/luminary-media-podcast-app.html Suggests to me BOOM should already be capitalised around $500m (£380) giving a BOOM share price of 28.2p
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26/2/2019
10:39		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.
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08/6/2017
20:01		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: https://audioboomplc.com/ Annual Report for year ending 30th November 2016: https://audioboomplc.com/wp-content/uploads/2016/04/2016-Annual-Report.pdf Q1 Trading update (7th June 2017): http://www.investegate.co.uk/audioboom-group-plc/rns/second-quarter-update/201706070700023410H/ Allenby Research note (21st March 2017): http://allenbycapital.com/research/research-boom_2_3520002488.pdf 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 ( https://iabuk.net/ ). 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: https://audioboom.com/channel/soundtrackingwithedithbowman https://audioboom.com/channel/romeshranganathan 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 ( https://www.acast.com/ ). 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 ( https://en.wikipedia.org/wiki/List_of_podcasting_companies ) 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 ( https://en.wikipedia.org/wiki/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: https://audioboomplc.com/investor-presentations/
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21/2/2017
11:07		top tips: This article from Jan 2015 may help regarding the Unique User approach to valuation (it also mentions Spotify). At the time of publication, BOOM's share price was 9.8p and the market capitalisatin was £52 million: SMALL CAP SHARE IDEAS: Audioboom shares up over 1,000% last year as boss plans to build on one of 'the hottest digital sectors out there' By Ian Lyall For Thisismoney.co.uk Published: 17:01, 19 January 2015 AIM ticker: BOOM, Value: £52m, Current price: 9.8p, Year high: 18.2p Robert Proctor said he could barely raise a smile from the Silicon Valley venture capitalists or indeed any UK based VCs when he took the Audioboom story out on the road, looking for cash. Proctor told Proactive Investors: 'Spoken word audio and audio on demand were just not that trendy a couple years ago. Now they are the hottest digital sectors out there'. Audioboom’s share price, up over 1,000 per cent last year, reflects the medium’s new-found popularity. Having utterly transformed the business in less than two years, the aim now is to deliver the real value. That means cracking the phone and tablet market while at the same time creating a profitable and cash generative business. Audioboom styles itself as the NetFlix for audio. It was initially set up as a user generated content social network, akin to Twitter for audio. However, the service offering is now aimed squarely at the largest broadcasters, publishers and sporting organisations, which use Audioboom’s technology as their default audio player on their websites and social media channels. This has been a huge success with companies such as the BBC, Bauer, Global and Fox using the technology worldwide. Proctor reckons the firm is now the world’s biggest repository of on demand spoken word content. More than 2,000 content partners are signed up to Audioboom, which has 5,600 channels and 3.3million registered users (up from just 25,000 in April 2013) and over 30million monthly active unique users. Phase-two will see it chase the consumer market aggressively, for this is where the real value lies. That means it now has to become the default spoken word and podcast player on mobile devices. It will officially launch on Apple’s iOS platform later this month, although the alpha version of the app is already in the Apple app store, while the Android version will formally go live towards the end of February. The target is to have 5million registered users by the end of the year. Proctor reckons the tipping point where the service will have gone viral is around the 7-8million user mark. Once this landmark is achieved it can be safely assumed that Audioboom is established and sticky and the process of monetisation through advertising can begin in earnest. Until it gets to this point, the CEO is keen to keep the mobile app ad-free. The reality of being a publicly listed firm is that Audioboom, unlike virtually every other high growth internet company in the world, must at some point make money for its investors. However, Proctor doesn’t want to degrade the user experience before that vital tipping point of virality has been hit. So, he and the team have come up with a plan that allows the business to break even during 2016 while continuing to develop the consumer offering. The company will do this by syndicating out its highest quality audio content to third-party websites, with this content carrying pre-,post-roll and graphic display advertising. By way of explanation let’s use the Audioboom’s tie up with websites devoted to Manchester United. It has identified around 3,000 sites and blogs that cover the footballing ups and downs of one of the world’s most popular club. Only a handful of them have media capabilities. So, Audioboom has singled out 128 to receive Manchester United related audio with advertising attached. This model is being replicated for all the Premier League teams, across other sports such as cricket, rugby and cycling. Additionally, the company is creating audio content and ad networks for all of its major content genres, including: entertainment, news, business and music. By the end of the quarter, the company estimates its sports network alone could number 4,000 sites, attracting 30million unique users. Web advertising experts reckon conservatively this could generate a monthly income of around £300,000 for the sports content alone. Proctor won’t comment on the figure. The group came to AIM by reversing into cash shell Delta One. It raised just under £3.5million at 1.5p in March and topped this up in October with a further £8million. The current market capitalisation of £52million may from the outside may look a little toppy for a business that is likely to remain loss-making for most of the next two years. However, this is very definitely the wrong way to look at Audioboom. Spotify is widely rumoured to be gearing up for an IPO that would value the music streaming service at US$10-15billion. On that basis its 60million users are worth just over US$200 each. Applying that metric to Audioboom delivers a number that is just under 10 times its current market capitalisation. But given the user base is nowhere near the critical mass it requires, you would have to discount that per subscriber valuation significantly. A value of US$25 per subscriber gives us the business’s current market worth. There is an argument that for Audioboom $50 to $100 per head is closer to the mark. That argument can rage. This analysis simply reveals that the current share price, which has gone from 1.5p last March to just under 10p today, provides a conservative valuation yardstick. The recent flow of announcements reveals the group is gaining significant traction with content providers. Its partnership with Nobex Technologies opens the door to 20,000 radio stations worldwide with 500mln users streamed via the American firm’s award winning app. Deals of this ilk were the thing of dreams back in April 2013 when the business in its current form started with just 25,000 registered users. Proctor said: 'We started from a low base less than two years ago'. He added: 'I think we have done alright so far, but we have big plans for 2015 and we can see the hockey stick growth beginning across a number of our key KPIs'.
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