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And big buys today?
No wonder they have been quiet
On this web-site buys can show as sells and vice-versa.
There is a massive short position that needs to be closed. Several million shares. The price is being manipulated to keep the share price down. Someone is going to get extremely burned very soon. I don’t know if that’s a positive or a negative for the chat group. But take away from it what you will.
Bearhunt,
You are right, I was thinking of H1 results . SO if they are going to release the Q2 results ahead of the H2 results then it may be this month. [ Q2 however does not really end till 30th June, but I suppose they will know within the last week of the month how things have been going].
Forward-looking statement by SL, Q1 update 15th April.
Stuart Last, CEO of Audioboom, commented:
"2024 has started exactly as we hoped with the positive momentum of the final quarter of last year continuing. We recorded our second successive period of year-on-year revenue growth and adjusted EBITDA profit as our recovery from the challenging market conditions of 2023 continued. Over this coming year I expect our revenue growth rate to improve further. We have more than US$55 million of contracted revenue for 2024 from advance advertising bookings, and we are perfectly positioned at this stage of the year to deliver our goals of record revenue and adjusted EBITDA profitability.
We have made investments in our sales operation, and I am very pleased to bring two highly skilled and experienced executives into the Audioboom team. Molly Harvey in the US and Shaun Wilson in the UK will focus on expanding our blue-chip brand customer base to drive revenue and continue the maturation of our podcast monetisation engine.
Other key initiatives within the Company - including the continued growth of our Showcase marketplace, accelerated ad inventory creation, the expansion of our brand platform Sonic, and the restructuring and renewal of podcaster contracts on more favourable terms - continued to progress well in Q1.
We also took our first steps in the utilisation of AI to generate advertising creative and translate content for international distribution, as well as expanding our work in monetising YouTube content. These are two areas I believe will provide significant opportunity for the business in the coming years.
Sentiment in the advertising industry continues to improve, which can be seen in our progress so far. The team at Audioboom are continuing to create strong value in our platform for creators and brands, and we all look forward to delivering a record 2024."
Why 16th July?
Last Q2 update was 23-06-2023
Q2 update is due in less than 4 weeks. They are usually regular in the Quarterly updates. My expectations is that the results will be out on 16th July.
Recently they have been quick to update
If someone is selling then someone is buying in the background as the share price have held up remarkably well. Unless the mm are happy to hold a shed loads of these which again suggest that they believe the can turn them over at a higher price.
With what appears to be a constant daily sells each day, much greater than the apparent buys, the share price have held steady around this value.
The selling continues. there's a big investor trying to get out as you can see the trades every day. until they've got out the share price isn't going anywhere
A trading update and Q1 results must be due hence no buying. Locked out period.
Where’s Tobin?
Acast raised $67m in venture funding almost 7x what AB has. hmm wonder how they have that cash balance. If AB even hint at raising money it gets knocked by the same critics here who say anything to spin a negative
Beware when Monaco Zach and certain posters are back in the lead up to results.
"Acast also had $58 million in cash in their last end of year report" hahahaha...that might be the big difference in valuation then
Acast also had $58 million in cash in their last end of year report.
Very perceptive overtrader. I’m sure you’ve done your sums on how undervalued Audioboom is. Nearest competitor is ACAST which trades on Stockholm exchange currently at 1.5 times revenue. Market Cap is 2.6 bSEK with a turnover over 1.7b SEK. It also makes an EBITDA loss of 254b SEK.
Audioboom value should be USD112m based on revenue of USD75m times 1.5. That’s USD 7 or GBP5.50.
Minimum.
Welcome to the zoo new visitor. Don’t let comments on a chat room affect your investment decisions.
As a new visitor to this board I wondered if your post might have some merit but a quick glance at your posting history tells me all I need to know.
How’s the court case going ? Have Bank of Singapore recovered their 2 million shares yet leveraged from NC. This horse ain’t going nowhere until the jockey club decides how it’s gonna run.
Surely this SP will move upwards next week, with only 16.3m shares in circulation its going to move in leaps and bounds obviously pending how its perceived and how the board promotes the company prospects.
Not sure what this is. Nasdaq is 17600.
Nasdaq 19.6k
Tech is rallying to record highs - Nasdaq 1960
The market is a sea of red. At work so has not heard if some economic data has spooked investors.
I don't really worry too much about tgd day to day fluctuations, unless you are a day trader. Tye general trend is up so for my investment time zone, no issues though I would like it to go up in a straight line.