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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?
Https://deadline.com/2024/05/podx-platform-media-deal-eight-figures-podcasts-1235923980/
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.
Get ready ladies and gents
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.
March revenue highest in 2 years, what does Q2 hold?
Someone building a nice stake in BOOM this morning.
Would be nice to think they know something coming down the pipeline.
.
Https://twitter.com/TheRoaringKitty/status/1789807772542067105
Get this bloke to tweet about Audioboom 😂
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.
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.
Rifkin this is a much more accurate and better report on what iHeart has released. Very positive on the podcast side of the business.
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.
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.