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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.
Started: Boombangabang, 12 Jun 2024 16:40
Last post: Bearhunt3r, 12 Jun 2024 17:09
Several individuals and entities are continuing to collaborate to manipulate the share price.
Buyers are happily picking up the low hanging fruit.
Stuart Last has made a commitment to implement beneficial changes if the AIM market does not value AB appropriately. Despite the sector's growth of over 30%+ in the States recently, AB has maintained complete silence.
There’s still a regular daily seller of 10k block of shares. What do you think bearhuntr3?
Perhaps Cavendish and or the company can approach the FCA.
Started: Rifkin67, 8 Jun 2024 14:54
Last post: Bearhunt3r, 12 Jun 2024 09:45
I would recommend that individuals reach out to FCA to request an investigation into the manipulation of AB. The FCA is more likely to take swift action in response to an increased number of complaints.
Noballs (Growingballs) has recently sold out of his position, and his initial action was to engage in deramping on this forum in order to drive the price down for the purpose of buying in at a lower price. This behavior warrants attention from the FCA.
For anyone who missed it, this is how these manipulating gangs operate: https://x.com/AbuseMarket
Get real. If your holdings were doing so well (I say your as I sold out last week) you would not be living on a knife edge and be so fast to challenge alternatives. Wait for the humongous drop chaps. Time to short, buy back in the 150s. Wash rinse repeat
Growing balls needs to grow up and grow a pair of balls. What a complete moron :). Sad and pathetic as I first thought. Good to be right.
Could his disastrous investments in ASLR and AAA be the reason?
Here is one of his posts about ASLR from 14/07/20.
"It’s looks like they’ve possibly managed to stitch a plan together. R. Bonnier in the mix looks very interesting also, there seems to be mixed opinions on this. However can’t see that having a driven smart entrepreneur as part of the team could do any harm whatsoever, it doesn’t matter what the papers say, old news and probably down to journalist sensationalism. At the end of the day we got news and that’s one box ticked."
Here's a post from growingballs about AAA from 08/02/21.
"What a rock star ! Well done AAA. Strap in. Locked and loaded."
ASLR and AAA are no more. 2 busted flushes, yet this guy lectures us on the BOOM board. He has many synergies and similarities (including specific words and phrases) with another BOOM disruptor who was also involved with AAA. Any guesses?
Started: Bearhunt3r, 6 Jun 2024 15:02
Last post: Bearhunt3r, 8 Jun 2024 13:38
You’re
Your a bunch of spiv wanabee’s. Think that your all connected but in reality your lost sheep, drinking your lager shandy’s and working out how to slaughter posters en-masse. Sad individuals indeed.
Noballs
That was very hurtful
Ouch, that’s was very hurtful. Hope that you got the name calling out of your system. Such mastery of the English language. Did you get that from the dummies guide to insults ?
Growingball is another sad twa). Just hear to warn others for no reason other than the goodness of his heart. What a to66er. lol.
Started: Shortandsweet, 6 Jun 2024 12:25
Last post: Shortandsweet, 6 Jun 2024 13:48
Hedge funds bet against London
There’s no two ways about it. For American investors, the U.K. stock market hasn’t exactly been the place to be, with underperforming indices and a troubling dearth of new listings in the last few years.
There are reasons for that, from lower liquidity to the country’s relative inability to scale tech companies. But it’s possible to take Britain-bashing too far, as some Wall Street bears are discovering.
According to information obtained by the Financial Times, some of the world’s biggest hedge funds have been caught off guard by sudden valuation increases in British stocks they bet would fail.
Shorting involves borrowing a stock to sell in the market then buying it back before a deadline in the hope its value has fallen.
In recent years, the U.K. stock market has appeared to be a fertile hunting ground for short sellers. British stocks have lagged U.S. peers, partly because the latter have benefited more from the recent AI boom.
Shares in the S&P 500 have jumped close to 24% in the last 12 months, while the FTSE 100 is up just over 8%.
Commentators have also decried the London Stock Exchange for its lack of liquidity, with several major companies, including travel company Tui, delisting or avoiding IPOing in London and opting instead for other exchanges. Public listings have dropped 25% in the last 10 years, as exits have exceeded new flotations.
Is London back?
Data from S&P Global Market Intelligence, viewed by the FT, shows some major U.K. companies, including BT, Abrdn, and Ocado, are attracting significant short interest.
Abrdn shares are down more than 10% in the year to date, while shares in Ocado are down more than 50%, fueling speculation that they could fall further.
But the paper reports that it’s other companies—namely those that have been M&A targets, particularly in the mid-cap range—that have burnt hedge funds like Millennium, GLG, and Gladstone Capital Management.
The underperformance of U.K. stocks has made an awkward tightrope for investors to walk.
While low and falling valuations have offered opportunities for short sellers, bargain-hunting companies are increasingly eyeing their own opportunities to acquire those U.K. firms on the cheap.
Groups including Darktrace and Hargreaves Lansdown have been the subject of takeover bids in recent months, sending their valuations soaring and leaving short-selling hedge funds on the ground.
The FT reports those offers have been particularly damaging for Millennium, GLG, and Gladstone.
For hedge fund investors who avoided the rush to U.K. mid-cap firms, the move has never made much sense.
“Shorting any U.K. mid-cap is insane, literally insane,” an unnamed hedge fund executive told the FT.
He explained the relatively small size of most U.K. stocks meant the risk-reward balance was highly unlikely to pay off.
“Your sell case has to be unbelievably compelling and feature the stock going do
More positive news re London via m&a not so good for shorts..
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No doubt Audio Boom is one such company which has high marketing/advertising potential and the outlook hopefully will be great in next set of results, i guess this probably puts it in the category of being taken over or swallowed up by another competitor, i am not insinuating that it will get a bid not at all but it has the potential and may be vulnerable at these low prices of being taken over at a cheap price especially when there are only 16m shares in the market. DYOR
Stuart Last did say M&A activity within 12 months beginning of the year.
Had a fantastic run on GPL&PFC recently. I will be moving profits into AB on any dips.
Hedge funds are increasingly wary of betting against UK stocks after being burnt by a wave of takeover bids at companies targeted by short sellers.
Millennium Management, GLG and Gladstone Capital Management are among funds to have been caught out in recent weeks as stocks such as fund supermarket Hargreaves Lansdown, cyber security provider Darktrace and video game services company Keywords Studios soared after attracting offers.
Hedge fund managers say that while all three companies have had difficulties recently, knockdown share prices are piquing the interest of these groups’ foreign rivals or private equity buyers, making it a risky business to bet on share price declines.
“Shorting any UK mid-cap is insane, literally insane,” said one hedge fund executive who specialises in shorting stocks.
“The numbers [valuations] are just so low in the vast majority of cases that a $2bn UK company is peanuts for any mid-sized American company. Your sell case has to be unbelievably compelling and feature the stock going down at least 50 per cent” or there is a risk you lose 50 per cent if the stock gets bid for, the person added.
Shorting involves borrowing shares and then selling them in the market, in the hope of buying them back at a lower price.
M&A involving a UK target is 84 per cent higher this year than it was during the same period in 2023, according to data from London Stock Exchange Group, based on value of deals. “The UK public-to-private market is especially busy right now,” said Stefan Arnold-Soulby, partner at law firm Paul Weiss.
The wave of dealmaking has come in response to a yawning valuation gap between UK stocks and markets elsewhere — particularly the US. London’s FTSE 100 index trades at 12 times the estimated earnings of its members for the coming year, according to Bloomberg data. Wall Street’s benchmark S&P 500 index, in comparison, trades at about 21.8 times forward earnings.
Josh Jones, a portfolio manager at Boston Partners, said his bets against UK stocks were at near-record lows relative to his bets on rising prices.
“We bet against two types of companies: extremely overvalued stocks with a low risk of being bought, but there are not many of them in the UK market right now; or against businesses with fundamental issues or bad balance sheets
Started: neon, 5 Jun 2024 22:29
Last post: whatwhatkid, 6 Jun 2024 11:50
2024 losses on bad contracts were prebooked in 2023 and they’ve removed more minimum in guarantees so 2024 figures should present much better
Try again
[LINK REMOVED]
[LINK REMOVED]
Its only a matter of time before it becomes impossible to ignore
Would say thats nonsense growingballs. Common sense its doubtful these major shareholders would accept less than £10
https://audioboomplc.com/major-shareholders/
More likely it moves to a US market. At some point it will be on the up again
Pretty abysmal performance for the stock this year so far. Having got in December my holdings are 10% down, despite what people say is great news and great results. Well the market doesn’t seem to think so. The only way out for an investor at the moment is rumours of a takeover, there’s no rush though as there hasn’t been any such rumour for years since the offer of AAA and LVHM, and we know what happened there. In all seriousness, the losses are increasing year on year for AB, I wouldn’t put it past them to take offer with a premium of 40% to todays price, given that there’s nothing the BOD seem to be able to do to pump it any higher. A typically unexciting stick to be in.
Started: neon, 5 Jun 2024 10:13
Last post: AZM90, 5 Jun 2024 16:44
They need to move to this exchange, the UK market is not appreciating AB. They will be profitable.
Simply observing the Nasdaq can clearly indicate the shift in sentiment. Any high quality stock such as AB, which is currently oversold and undervalued, should be considered a top choice for all investors.
It looks like some clever traders do know how to manipulate the SP, well done to them! If you can earn some bucks this way then so be it. However sentiments are certainly changing so fingers crossed
In the last one month alone. Advertising industry is certainly bouncing back. Let’s see if boom shows a bit of life again. Somebody inform roaring kitty to tweet about boom 😂
Started: whatwhatkid, 30 May 2024 13:23
Last post: Bearhunt3r, 1 Jun 2024 12:43
“Someone selling 20k and buying 20k shows someone thinks it is overvalued”
how did you come to that conclusion?
Is it solely the belief that an asset is overvalued that prompts an individual to sell?
Dessy "with someone selling 20k shows shows someone thinks the co is overvalued" ur statement can be taken both ways no? Someone sold 20k and someone bought 20k. It means nothing
With someone bagging 20k shares shows the value of this company, the share price will reflect its true value with a strong order book into Q2.
Nice
Started: whatwhatkid, 31 May 2024 19:19
Last post: whatwhatkid, 31 May 2024 19:19
Fingers crossed - April didn’t look too stellar
Started: whatwhatkid, 29 May 2024 22:30
Last post: whatwhatkid, 29 May 2024 22:30
Started: whatwhatkid, 24 May 2024 09:58
Last post: neon, 29 May 2024 13:10
Only 16.38m share in issue and sellers/traders can't keep selling forever and at some point they will stop. The entire sector is bouncing back so a rising tide will float all boats sooner or later.
GLA
Is that another £80k sold this morning and bid hasn’t changed?
Background buying, order filling
£80k of sales today and bid goes up?
The bid price has gone better to 255p from 250p
A large delayed trade is most likely for the rise in the bid. Volume of 34K so far
Started: neon, 29 May 2024 12:48
Last post: neon, 29 May 2024 12:48
Started: whatwhatkid, 23 May 2024 14:24
Last post: Dessy, 26 May 2024 10:39
What does that actually mean? a bid on its way via the M&A theme? AB as defo sounded out its potentials, only matter of time it gets swallowed up in my opinion? DYOR
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.....
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
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: 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.