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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Started: whatwhatkid, 23 May 2024 15:53
Last post: Boombangabang, 23 May 2024 17:37
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
Started: whatwhatkid, 23 May 2024 14:24
Last post: neon, 23 May 2024 15:45
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
Loading
Started: Dessy, 23 May 2024 11:52
Last post: theannoyingdevil, 23 May 2024 12:43
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
Started: whatwhatkid, 22 May 2024 11:31
Last post: Bearhunt3r, 22 May 2024 12:01
Largest podcast show 22-23 May 2024
https://x.com/PodcastShowLDN
Waiting
Started: neon, 21 May 2024 11:15
Last post: Boombangabang, 21 May 2024 19:26
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?
Started: Cigam, 16 May 2024 16:08
Last post: Boombangabang, 17 May 2024 18:40
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.
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.
Started: whatwhatkid, 17 May 2024 11:39
Last post: whatwhatkid, 17 May 2024 11:39
Hope to see some more partnerships announced
Started: neon, 16 May 2024 09:15
Last post: neon, 16 May 2024 09:15
Get ready ladies and gents
Started: Boombangabang, 15 May 2024 18:43
Last post: Boombangabang, 15 May 2024 18:43
AIM is holding back many company valuations. In particular to us as Audioboom shareholders, the share price has dropped since Q1 2024 trading update which reported an 11pc increase in revenues and and EBITDA profit of USD 110k and a FY 2024 forecast of positive EBITDA. Compare this to ACAST on Swedish market. Shares up over 25pc with a forecast of positive EBITDA in FY2024.
What a sham AIM is.
There are huge media companies circling for synergy compatibility and takeovers for small companies, not to say Audio is in that category but the last update was that the order book is healthy and lots more to come! DYOR pls, i personally like the media and podcasts, i think these channels of communications play a key role in promoting political and business topics through advertising which appears to be a strength here at Audio IMO. It upto the management to now propel the company and its shares to new heights through positive outlook on its future.
Someone building a nice stake in BOOM this morning.
Would be nice to think they know something coming down the pipeline.
.
Started: whatwhatkid, 15 May 2024 10:27
Last post: whatwhatkid, 15 May 2024 10:27
March revenue highest in 2 years, what does Q2 hold?
Started: neon, 13 May 2024 22:05
Last post: neon, 13 May 2024 22:05
Https://twitter.com/TheRoaringKitty/status/1789807772542067105
Get this bloke to tweet about Audioboom 😂
Started: Boombangabang, 12 May 2024 22:26
Last post: Boombangabang, 12 May 2024 22:26
It’s worth noting on the matter of “picking off” certain shows:
When Boom lost Morbid it was their largest show. Boom are significantly more diversified now and any loss would be relatively insignificant. But Boom didn’t lose Morbid because of quality or performance. It lost it because the competitor offered a ridiculous minimum guarantee which Boom were not willing to match - and have been proven right. Boom would have lost money.
Amazon etc have been offering deals for single shows HIGHER than Boom’s entire market cap! They have lost significantly on these few deals over the last years.
No one is offering anything like the same minimum guarantee deals now
An acquisition is still a no brainer even excluding the tech and other offerings Boom have. However the last thing Boom want is an offering of 50% or even 100% premium to the current share price. Think about how that may have to be dealt with.
If Boom return to the "commit and overperform" trajectory it had built pre the ad slumps (which was a once-in-a-lifetime event with covid) the value of the company will be fully appreciated by the market, as it was before. The FY24 forecast is this return and Q124 was an excellent start. Cavendish have done their homework and there is a detailed Note issued.
Then the kind of premiums mentioned above could be interesting.
Started: Boombangabang, 10 May 2024 18:21
Last post: Boombangabang, 10 May 2024 18:21
Totally incorrect and inaccurate posts by 404.
Cigam has addressed most points and shown as misleading.
Looking at Wondery which cherry picked Morbid back in June 2022 the metrics show that Wondery has regressed even with this show with 7 million weekly downloads.
June 2022 weekly downloads 27.9 million and weekly users 7.1million
March 2024 weekly downloads 20.1 million and weekly users 6.7 million
All significantly down.
404x - how can a purchaser be “saddled” with prior losses?
You do realise these can be carried forward to offset future profits? So it’s actually an advantage until these are used up.
The company has no debt so there’s minimal risk in the balance sheet for any purchaser.
Frankly 404x you can’t think straight. You’re banging a very empty and tinny drum. Nothing new. Audioboom are actually growing the number of podcasters both independent and in house. As already pointed out they have marketing tools with Show Case and Ad Rip etc which if you ever bother to listen or read up are providing bigger percentage of revenue.
I would think about it from an acquirer point of view. Which would be more cost effective, buying the whole company, or peeling off an individual podcaster they have signed up?
Buying the company means being saddled with an enterprise that made a loss of $19m+ last year, made a loss in 4 out of the 5 last years, and has cumulative losses to date of $54m+.
Alternatively they could poach individual podcaster(s). These are the only real assets the business has (that lack of assets is why reported NAV is only $0.13 per share). Do that and you save tens of millions, are free of any encumbrances, and the hassle of trying to turn around the operating business. Personally I can see why Wondery went for this option.
Thanks PoeBardem for putting the record straight.
All as reported consistently by Stuart Last in the Quarterly Meets. Of course Audioboom is more than a publisher, originator and advertiser. I hope 404x takes note that all his disinformation has been caught out before.
Started: Rifkin67, 10 May 2024 12:54
Last post: Boombangabang, 10 May 2024 16:47
Rifkin this is a much more accurate and better report on what iHeart has released. Very positive on the podcast side of the business.
Advertising marketing is booming again! FUTR is up by 130p in last five days alone.
GLA
IHeartMedia Inc released 1st quarter figures yesterday.
'The company experienced a slight year over year revenue decline of 1.5% which was within the expected range of flat to down 2%'.
This company has several arms, with the podcasting business being a smaller part. Share price fell back. However.
'Podcast revenues continued to grow, with an 18% increase.'
'Political advertising is expected to provide material upside in the second half of the year.'
Just about every report coming out of the USA this year suggests strong podcast business growth.
Anything happening here? all gone quiet after yesterday's small rise in SP?
They have already booked US$7.4 million of future onerous contract losses in the 2023 accounts and reduced minimum guarantees by US$5 million on renewals, as long as no repeat of these then both adjusted and unadjusted profits will return
The total loss before tax for the year was US$16.8 million versus the prior year loss of US$0.4 million, mainly due to the US$7.4 million provision for the future estimated net loss of two onerous contracts and the US$5.1 million loss incurred on the two contracts in 2023.
Was an example. At-least remain balanced. The bottom line is the market dictates the value. Ask yourself why. The figures are mudane at the moment. I know you guys won’t like it and jump at me but thats the bottom line. You can’t say I am like zak who is a serial deramper. Look at my previous posts.
Good point wwkid. And to pluck a figure of £1m profit out of the air what on earth is they about.
With total clarity you have two posters who display the myopic view of AIM. Disregard to all the metrics used by all other stock exchanges to value companies. No wonder no company wants to be here. EBITDA is the internationally recognised measurement of profit. One off cost or income should not be the indicator to the business. Nothing is ever commented upon regarding revenue and market share. Any buyer will be looking at this trend. Any investor should also.
Started: whatwhatkid, 3 May 2024 14:55
Last post: whatwhatkid, 4 May 2024 08:23
Why would it be £100k profit again in Q2? Q1 is always historically weak, advance payments. Reduced minimum guarantees, onerous contracts winding down , increased downloads and eCPM
As usual expecting the good news to be announced pre quarter end
100k or so in profit doesn't mean much. You can see the pump before results and some coming on here for a pump, buying at the new support and pumping it until results. The fact is the figures have still not been great in terms of decent profits hence the share price didn’t hold on q1. It will only gain traction when results are much better and buying of these shares will only then exceed the selling.
For now it will float around here maybe making 10/20% or maybe more.
That’s almost a given record revenues. Boom is already profitable
Record revenues and profitable in Q2
Calm down. Tide will only turn when AB can generate decent profit from decent revenues.
Started: whatwhatkid, 3 May 2024 13:17
Last post: Dessy, 3 May 2024 16:25
Only 16m shares in circulation, one event and these shares will rocket, true value would be above £6 at least if anything happens. Good buying volumes atm.
Big buyer is still loading
Started: whatwhatkid, 3 May 2024 12:53
Last post: whatwhatkid, 3 May 2024 12:53
Our turn next
Started: whatwhatkid, 2 May 2024 08:28
Last post: whatwhatkid, 2 May 2024 08:28
Roll on Q2 figures
He’s doing what good investors should do. Buy regularly.
He knows much more about the future of this company than any of us. Follow the money.
He’s trying to average down his price, whilst at the same time trying to convince shareholders to buy more to hopefully drive the price up. He is probably heavily underwater at the moment.
Any1 know why this to Michael to in guy buying small amounts stovk since 2022 around 10k or less, no other director buying. Is it tax reasons
Started: Bearhunt3r, 1 May 2024 17:18
Last post: Bearhunt3r, 1 May 2024 19:01
BBB, Yes, you could say that.. along with spoofing, forcing the shareprice lower on low volume, refusing to make a fair market, sitting on the offer with no stock list goes on. However, I believe more than one market maker is complicit in colluding to keep a stranglehold on the shareprice. Market maker Marex (Zak7795 close friends and go to MM) have traded more than 1.9m shares from Jan-Apr this year. Marex have traded double the amount of shares house broker cenkos have traded in the same period. Ex market makers with insiders at brokers, market makers, companies (Audioboom) play a pivotal role in the manipulation by feeding the stock to their market maker insiders.
These charlatans are everything that is wrong with the UK markets. In the event these shorting gangs become unstuck, they will force the company to issue new equity by any means necessary.. bribery, blackmail, smear campaigns to name a few.
Check out this twitter page https://twitter.com/AbuseMarket
In simple terms Bear, is Berenberg quoting prices it wants. Other MM may not be online but if Berenberg get trades at their prices the others fall into line.
Took another swing at Audioboom #BOOM today. Again felt like manipulation with relatively small sales pressing price this morn & a certain MM trying to hold down. They are going to get caught again. Offer dried completely towards the close and we couldnt even buy 5k at the price
https://twitter.com/AlignResearch/status/1785700640921878916
Started: Boombangabang, 1 May 2024 16:41
Last post: Boombangabang, 1 May 2024 16:41
Rifkin, Bear and Poe. All accurate sentiments and observations. Thank god the board has you.
Absurd that anyone could criticise Michael Tobin for buying shares. He’s invested £1.4m in the open market in purchases. He’s a super star and an excellent Chairman who’s supporting the management. I don’t believe the company are paying Stuart Last and Brad Clarke a fortune. I’d say their salaries are under market level from what I remember. They are salaried and to expect them to buy is mealy mouthed.
Started: Boombangabang, 30 Apr 2024 07:14
Last post: Bearhunt3r, 1 May 2024 12:05
Looks like we got both ha
Tobin continues his buying spree
Why would MT not average over time? Not the smart move when the SP does not respond well to positive news? His commitment is substantial over time and shows no sign of stop. Is there an eg of another non-exec Chairman doing similar buys in another stock. Any comparable?
Perhaps others aren’t investing because they already hold a substantial position at a reasonable average and are put off being punched in the face by the SP each time they do.
Possibly a wild assumption that day to day management can afford to invest personally particularly when the value of the business they may hold their wealth opportunity in goes down on good news. Positive news in the main over the last year, the SP has gone down significantly. They have incentive based positions in the success. Their job is to keep delivering and they regularly do but the market punches them in the face every time they do. Whatever is keeping the price down, coordinated shenanigans or not.
I myself have said the same regarding purchases and even though Steve and co. have reiterated that Audioboom is undervalued, they have not bought too many shares themselves. Tobin is buying yes buy its pocket change to him.
Anyone else struggling to buy?
For a multimillionaire like Michael Tobin, are £10k purchases really a big thing? It’d be like me continuously investing £10 in Audioboom which I could do multiple times a month.
If we see more meaningful purchases or other directors buying, I’ll take notice