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The SP here is rising in advance of the Q1 results, just as they did prior to the land results in January.
I expect it to continue to rise until close of business on Friday.
What happens on Monday will then depend on three pieces of data:
(1) total monthly downloads for each of Jan to March.
(2) total revenue for the quarter.
(3) revenue per 1,000 downloads.
We've had lots of positive REACH updates since the least results, but nothing on these three data sets. They are what matters. If they are positive then the rise over the rest of this week will be sustained after Monday (or possibly boosted further). If they are not so positive the SP will fall back as it did after January's results.
I made good money on this share in 2021 and again between Sept and Jan. I don't hold at present but will keep a keen eye on the results on Monday as I do think it is a very good business.
Shares flying
Https://twitter.com/AlignResearch/status/1777635549743902788
Guys stop talking nonsense about Miles he has very clearly shown that he has been buying under 3 for some weeks and has always been very positive on boom
Grow up and focus on your own stuff
Agree on Miles. He sold out last rise and back in today for the Q1 results. Takes all sorts to make a market so no hate on that. Depending on Q1 will see how far up Boom can go for long term holders.
We can see the odd new twitter acc pumping boom at the moment. Part and parcel of the aim game.
Lets see what Q1 brings and this year as a whole.
Agree on Miles. He sold out lats rise and back in today for the Q1 results. Takes all sorts to make a market so no hate on that. Depending on Q1 will see how far up Boom can go for long term holders.
We can see the odd new twitter acc pumping boom at the moment. Part and parcel of the aim game.
Lets see what Q1 brings and this year as a whole.
I agree with his analysis crawshaw
Bearhunt3r, take everything Myles says with a pinch of salt
I'm back in profit today, Mondays Q1 update going to be good
From the "UPS" thread ....
BREAKOUT
BOOM 277.50p + 12.50p
The stock has gone over the Previous intraday high, There was resistance around 270p
2-month chart.... http://uk.advfn.com/p.php?pid=staticchart&s=L%5EBOOM&width=500&height=330&p=2&t=1&dm=2&vol=0&cb=
Https://twitter.com/MylesMcNulty/status/1777355102824657240
£13 Target
Strong afternoon
I had you down as chuck rhoades sr haha
That's approximately 5 times todays share price.
Boom is too undervalued right now
Cavendish update just 10 days ago reiterating target price of 1,300p;
AUDIOBOOM GROUP (BOOM): CORP Six new top tier podcast partnerships, forecasts reiterated Audioboom has announced six new exclusive partnerships with top tier podcasts, which are expected to add over 4m downloads per month to the 110m per month in Q4 23. The six new podcasts (Pretty X Unfiltered, BDA with Katherine Schwarzenegger, Soder, Omnibus, Do We Know Them?, and George Conway Explains It All To Sarah Longwell) selected Audioboom’s differentiated platform due to factors such as its full suite of capabilities, which includes inventory creation tool AdRip, the automated advertising marketplace Showcase, and the November launch of Advet. After an increase in the platform’s ranking to fourth in the February Triton Digital podcast rankers, supported by the November win of four top-tier podcasts, the new podcasts will continue to drive download and market share growth across the US and international markets. Today’s announcement will also enable the platform to target new operational records, after the record global audience reach of 38.6m unique global listeners in January, and a record 1bn ad impressions created in October. In the coming months, we expect management will continue to focus on winning and renewing podcasts on attractive terms, such as the extension of key partnerships with five top-tier podcasts in March. Combined with strong early progress for the newly launched brand advertising unit, which is in early-stage commercial partnerships with 8 of the 15 largest US ad agencies, we expect Audioboom will be excellently positioned to capitalise on more positive ad market sentiment through FY24. At this point, we reiterate our FY24E forecasts, and crucially note that our FY24E revenue growth of +21% does not include an improvement in ad pricing beyond Q4 23 levels. Any improvement in the macro environment will then drive upside to our revenue forecasts, which will gear strongly to adjusted EBITDA and cash. We reiterate our target price, and look forward to Audioboom capitalising on its strong foundation through robust operating and financial momentum at the Q1 update in April, the renewal of key podcasts on attractive terms, and new podcast wins.
How can the MM be regulated. They would say it’s the market demand which dictates. That’s plainly false.
There is no genuine seller, only short sellers.
This morning is a perfect example how the mm’s refuse to make a fair market. It has been nt to buy for over 30 minutes now, pure manipulation. I agree with your sentiment, with recent news flow, market makers should be marking these at fair valuation. Cavendish current broker target £13
Based on excellent news so far this year, imo boom should be 400p+ by now.
This is an opportunity to.load up cheaply thanks to a seller ( who must be almost done) . I have doubed my holding in the month of March.
Target 1000p this year or take out higher than that.
Gla
Https://advanced-television.com/2024/04/04/survey-80-of-podcast-listeners-want-personalised-ads/
Audioboom Group plc
("Audioboom" or the "Company")
Audioboom Announces Executive Hires and Record Advertising Inventory
Audioboom (AIM: BOOM), the leading global podcast company, is pleased to announce the hiring of two key sales executives to expand the Company's revenue operations.
Molly Harvey, formerly of SiriusXM and CBS Radio, joins Audioboom as Vice President of Brand Sales, while Shaun Wilson, formerly of Spotify and Sony Entertainment, joins as Vice President of UK Sales. Shaun is returning to Audioboom, where he previously held the role of UK Head of Sales.
The pair will drive the expansion of Audioboom's blue-chip customer base following the successful launch of the Company's brand-focused sales unit in 2023 which has seen strong early-stage traction with monetisation partnerships established at 8 out the top 15 major US advertising agencies.
Joining the Company in April 2024, Harvey and Wilson will have access to record levels of advertising inventory through the Audioboom platform. In March 2024, Audioboom created more than 1.1 billion available advertising impressions - 10% more than the previously announced record of 1 billion in October 2023.
Audioboom's CEO, Stuart Last, commented: "Our network flywheel is generating record levels of advertising inventory and we are investing in our sales operation to ensure we extract maximum value from it. Molly and Shaun are highly skilled and experienced sales executives, and they will play a key part in the growth of Audioboom's monetisation engine."
Molly Harvey, VP of Brand Sales, commented: "I'm thrilled to join the team at Audioboom, where I'm looking forward to leveraging my passion for podcasts and advertising to drive measurable results for our brand partners."
Shaun Wilson, VP of UK Sales, commented: "My return to Audioboom comes at an opportune time in the podcast space where brands are calling out for premium, creative, outside the box executions to really differentiate themselves to audiences."
Thanks, stargate. Good to get technical info occasionally.
Correction, Weekly outside price bar, was on 12/2/24, not 24/2/24, typo error.
The parabolic SAR, indicator, often used, for stop loss purpose, is currently descending, so that I calculate the value will be approximately 259.50 tomorrow Friday 5/4/24. This position of the parabolic SAR tomorrow, fits in well with the scenario of a potential break above 260, in the subsequent days.
Supporting bullish scenario , weekly outside price bar of 24/2/24, which also fulfilled the characteristic of a Japanese candlestick pattern. Subsequent weekly price bars, which mostly were contained with the price range of the outside bar. implying price compression. If and when there is a sp, break above 260, this will also break above the RSI, high, causing a bullish failure swing. The ATR(average true range) chart indicator or a multiple thereof can be used to determine suitable stop level, not forgetting to factor in the normal equity spread.
Next week will be the last opportunity to take positions before the blockbuster numbers on Monday 15th.
Market backdrop is now more favourable so I would expect a revised broker tp and boom trading at fair value in coming weeks and months. Manipulation cannot last forever.
Good point. I was wondering if some of this activity was ISA and or year end tax driven. So buyers waiting for new ISA allowance and some sellers taking gains or losses for this tax year