RE: AB’s route to Nasdaq?Today 11:41
Good spot Bh3.
I have seen speculation about BOOM moving to Nasdaq on this board. With so much of it's business done in the US it does seem logical. Audioboom may not yet meet all criteria necessary for the Nasdaq otherwise it would surely have done this.
Nasdaq buying AIM would be an interesting move but with so many loss making tiddlers with tiny revenues on the AIM? The AIM is currently bombed out though, with many stocks 80%+ below their peak. The main market hit new highs this week but the AIM is just above half of it's high. Maybe ripe for picking?
I've regularly teased that Michael Tobin is taking BOOM over by stealth. With a market cap below £40mln and so undervalued this could actually be on the cards. MT may consider heading an MBO. The management could continue to develop and grow the business. Three years of sustained growth and banked profits would then enable Audioboom to seek a full listing on the LSE and realise it's true worth.
In the meantime any of our rivals could offer a substantial premium to the feeble market cap for a company in this strong growth sector, pre or post my hypothetical buyout.