The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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You gotta love a conspiracy theory. Here’s another: with the court action, AAA go after RB for his debt and bankrupt him. His only go to is AB, unfortunately no liquidity and low share price. How long can he hold out from selling ? Does the SP really matter for investors, it’s looks range bound until the mysterious buy out comes in. But that won’t be happening until the shareholder court case is done and settled. There can only be one Victor. Conclusion the court case needs to end.
Another 5000 shares out of MMs hands
Not comparable to Darktrace obviously however this one seems to be almost on same level with US interests and exposure would not surprise me at all if this one gets a rampant bid or MB with a strong order book for next Q and future, great times ahead i would suggest. DYOR
He's a great Chairman to have with the endless support, but the silly thing is that he makes so many purchases of circa 5k whenever the Company isn't in a closed period that it's almost more noticeable when he doesn't. If he actually saved his pennies and made 100-200k purchases it would make the market take more notice.
One things for sure though. He isn't buying shares because he has too much money and needs to get rid of it. He's expecting it to pay off and sooner rather than later .
Another £12k worth purchase! Is he planning to buy the company? lol
Mike Tobin now at 5%.
Does not look like he will be stopping any time soon.
Back to the below post. Sudden uptick on volume, paying 340. Short covering?
RE: Media and tech stocks22 Apr 2024 18:15
AB’s share price has not moved in line with indices before. Someone suggested Nick Candy’s pledged shares to Bank Of Singapore were given as borrow to short AB. Has someone finally traced those shares to Berenberg? Are they suppressing the share price to cover the short position?
Market makers Berenberg&Marex are definitely up to no good judging by their movements last few sessions. It is worth keeping a close eye on them in coming sessions.
I refer to the below post by Growing Balls.
“If there was any requirement to buy shares as cheap as possible, there must be a certain large shareholder in Boom who needs to pass 2M Boom shares to Bank of Singapore in exchange for 30M GBP. If I was said person I would try and pursuade the powers that be get the shares as low as possible so I could buy them all and pass to BOS. Especially if I had already loaned my 2M shares out to to someone else.”
Https://www.reuters.com/world/uk/uk-stocks-may-finally-be-back-fashion-2024-04-23/
Good spot Bh3.
I have seen speculation about BOOM moving to Nasdaq on this board. With so much of it's business done in the US it does seem logical. Audioboom may not yet meet all criteria necessary for the Nasdaq otherwise it would surely have done this.
Nasdaq buying AIM would be an interesting move but with so many loss making tiddlers with tiny revenues on the AIM? The AIM is currently bombed out though, with many stocks 80%+ below their peak. The main market hit new highs this week but the AIM is just above half of it's high. Maybe ripe for picking?
I've regularly teased that Michael Tobin is taking BOOM over by stealth. With a market cap below £40mln and so undervalued this could actually be on the cards. MT may consider heading an MBO. The management could continue to develop and grow the business. Three years of sustained growth and banked profits would then enable Audioboom to seek a full listing on the LSE and realise it's true worth.
In the meantime any of our rivals could offer a substantial premium to the feeble market cap for a company in this strong growth sector, pre or post my hypothetical buyout.
yep i have to agree. nice value added that bearhunter. let's hope boom do something about this ****e aim listing. after what mgt said about this being so undervalued the price movement after the results will only highlight this more to them. will be funny to see if it listed in us with a valuation much higher coz i recon there would be a stampede of selling to start from existing shareholders coz if these listed in the us for a £5-6 equivalent i'll be at the front of the queue to take my profit
Bravo bearhuntr3 for posting this article. AIM is a complete shambles which is dominated by MM and their shorting cohorts. Valuations of many companies are so far from reality. The sooner Nasdaq makes a bid for AIM the better. As highlighted the loss of companies and the lack of appetite for new listings proves that AIM is no longer a creditable market. Spotify at USD 6.3b market cap is the most obvious indicator that media tech stocks should be at a minimum of 2x revenue.
Market cap of Spotify is USD63 billion which is 1.9 times annual revenue. Audioboom on this basis should be minimum valuation of USD9 per share or GBP7.50.
Q1 2024 financials just released. Shares up 15%. Quote from the statement
“ podcast advertising revenue grew faster than music driven by significant growth in impressions sold across Original and Licensed podcasts, partially offset by softer pricing. “
Very similar to Audiboom comments for Q1 2024.
You are right. Apologies, I'm a non holder but have boom on my watchlist so I was surprised when the app prompted this third director purchase this month. Regardless, its nice to see somebody backing the company this way.
GL
Sorry meant to say CFO
I would really like Stuart and the CEO to put their money where their mouth is and purchase shares. As they keep telling us the company is significantly undervalued.
He’s the non-executive chairman - Stuart Last is the CEO based in New York
CEO purchased another £13,500 worth shares in the open market! He is on fire, well done!
I suppose he can - not without exposing the illegal short and a massive short squeeze
Can he just not call back the borrow? That's how everyone else does it
AB’s share price has not moved in line with indices before. Someone suggested Nick Candy’s pledged shares to Bank Of Singapore were given as borrow to short AB. Has someone finally traced those shares to Berenberg? Are they suppressing the share price to cover the short position?
Market makers Berenberg&Marex are definitely up to no good judging by their movements last few sessions. It is worth keeping a close eye on them in coming sessions.
I refer to the below post by Growing Balls.
“If there was any requirement to buy shares as cheap as possible, there must be a certain large shareholder in Boom who needs to pass 2M Boom shares to Bank of Singapore in exchange for 30M GBP. If I was said person I would try and pursuade the powers that be get the shares as low as possible so I could buy them all and pass to BOS. Especially if I had already loaned my 2M shares out to to someone else.”
Management and long term shareholders are in complete agreement with your comments Dessy.
To correct a figure which I put out a couple of days ago concerning the Triton Podcast Ranker for March.
Of more relevance is Weekly Average Users which is what I stated. I did a miscalculation and as picked up by RunnerRunner there was a very slight reduction of 56k ( not an increase) to 5,546,000 in March from 5,602,000 in February. This compares, and that was my point, to a reduction of 400k for Audacy and a reduction of 300k for Wondery. I hope this is now clear.
This is a gem of a share, only 16m shares in circulation and should be well above £5 at least, the order book is strong for next quarter and whereby there is synergy who knows a potential suitor could swallow this one easily. DYOR
Calm down, is it increase over last year, rather than a monthly linear growth