The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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AB displayed a for sale sign Q1 this year. Those within the industry who were previously unaware of AB's undervalued status are now informed following the occurrence of this week's event.
All the heavy weights in the industry were at the event.
Stuart Lasts comment start of the year - “M&A activity within 12 months”
Imagine if we get THE DIARY OF a CEO contract.....
No reason why they shouldn’t but patience will run out
We all know that directors must manage a company for the benefit of shareholders. I can foresee the directors of Audioboom being put in an invidious situation having to perform its fiduciary responsibilities by recommending a potential bid at a multiple of the current trading range of its shares. Until traders stop mucking around the big gain to be made on Audioboom won’t be realised. Solid investors who are wise to the possibility of a take out in the region of USD 13 have to get involved and get this market price up to USD 7 pretty smartly. Much better to make double of USD 7 than double the current of USD3 (GBP2.5).
Let’s go
Some clever traders are range trading it at the moment but it all might change in a flash since the ad spend are increasing across the board and with elections upcoming, boom might finally start booming again.
Huge podcasting event this week. Time to load up.
AB is a sitting duck
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I like Audioboom i do. Cheap as chips ready to be taken out.
More podcasts and more advertising is exactly what BOOM is looking to drive. That's where the revenues and profits come from.
It's always difficult to be patient through the quiet times (from a results/RNS perspective) but you don't want to be chasing it when this takes off. Especially given the low number of shares in issue.
Good points Dessy!
Something ongoing in background, buys have increased and with only 16m shares in circulation this will get past to £4 and over sharply if something materialises, maybe with increased political activities more podcasts and more advertising! DYOR
Largest podcast show 22-23 May 2024
https://x.com/PodcastShowLDN
Waiting
I meant 8 figure. Audioboom will be valued 9 figure.
A 9 figure sum is actually 100mn+.
Interesting find neon. A 9 figure sum could be 10m or 99m. GBP or USD. We need to hear a bit more about revenue etc if possible. A good start though to the start of further consolidation.
Only founded in 2021 - audioboom will go for 9 figures?
More than quite an achievement it’s unbelievable. We are talking about the USA and Boom is mixing it big time with the behemoths. No one on the UK market WANT to recognise this. It’s all mealy mouthed minutiae which they focus on. The sooner the company move to a US listing the better. The shares can still be kept in ISA.
BOOM in 4th place is quite an achievement given the three names above them. Wondery is now owned by Amazon and has a range of highly popular podcasts on its roster, while NPR and SiriusXM are major networks with huge audiences.
So they are right up there with the best in the business but only have a valuation of £40M...
For BOOM, now it's about driving sales and fully monetising it's advertising stock (as the ad market recovers), while also continuing to reduce minimum guarantee obligations. I'm very interested to see what impact the new Sales VP's have on the business, as I'm hoping they can grow annual revenues into the $80-$100M bracket.
Time will tell and I'm looking forward to the Q2 numbers in mid-July.
Hope to see some more partnerships announced
So what does that mean? is the fourth position good for Audio?
And at the rate they have been closing in on 4th place over the last few months, it is highly likely they take 4th spot next month, in weekly average downloads.
Just released this afternoon - https://tritonrankers.com/rankers/us/networks-weekly-users/2024/4
Audioboom maintains 4th position by Weekly Avg Users and 5th position by Weekly Avg Downloads.