Audioboom Grp. Share Price (BOOM)

“It's been less than two months since Spotify announced its acquisition of podcasting companies Gimlet Media and Anchor, a high-quality narrative podcast producer and a distribution and monetization service, respectively. Recode reported at the time that Gimlet alone cost Spotify more than $200 million.”

At that price BOOM would be worth £12 a share, DYOR, and whenever the super rich are carving and hoovering up small podcast companies like BOOM, $200m is like a weeks profit for them. It is becoming a land grab in the growing podcast market and BOOM is well placed to be swallowed up.

All the best
Ax

A great RNS but, as before , the market reacts with suspicion. That suspicion is I think due to a perception that the company lives on cash injections and credit. The suspicion is also rooted in the many and various inflated promises emanating from management.

In the past there has been whingeing from management that it would all be different if the company were listed in the US. That may be so, but it isn't and the uber-hype from management doesn't sit well with UK investors IMHO.

I remain invested in BOOM but have scaled-down when I could. I think life is too short to hold on for decades to get a return. I used to like RP (and I'm sure he's a great bloke on a personal level) but the company has been long on hype and promises and singularly failed to deliver shareholder value.

When and as the chance presents itself I will sell. I've been in BOOM from the beginning and had I put my money elsewhere I'd be much better off. It's been interesting but, overall, a daft investment for me.

Good luck to all of you who remain stalwarts!

Lxxxx

Revenue surges, but once again profitability is elusive. Will Rob Proctor's promises ever come true?

It seems they've also set up a new operation in Austin, Texas, at least according to Sonic IM's website: https://sonicim.com with new staff deployed. I wonder whether this company will go the way of Sonr News?

Reading this report makes me feel that the management and directors have completely stitched up the shareholders of Audioboom...directors skimming off the top of podcast revenue with SPV Investments funding agreement, millions of warrants for directors and share-based payments for employees...will this ever reach profitability?

Spoil sport! After such a long miserable time, let us daydream a bit!!!

You must be dreaming, 1200 p !!!!