Member Info for Bearhunt3r

Tr1 should set pace

Https://m.youtube.com/watch?v=URIzySF5JLU

Master trader from Monaco Zak sitting here on LSE posting misinformation to help trade for pocket change.. meanwhile his archenemies Bonniers are flying around in private jets lmao hahaha

Https://twitter.com/stuartlast/status/1779851193998569631

Zak’s post - RE: BuysToday 13:15

boombang....."looks like mostly buys today so very strange way for mm to set the market spread" how on earth can u make that statement when the stock is down yes down -10.75%! are u ******ed???? seriously, i worry for u

Anyone trading this would be happy with all the buys flooding in and share price reversing, down only 9.92% now. You seem rattled it is rising Zak lmao haha.

great post as usual bbb.

some of us will continue to build positions the size of the empire state and sell for a lot more than fish and chips money. the time and effort this lemming puts into making a few hundred (which is ****** btw) you can make £10-15k trading forex pairs. there is a reason tobin continues to buy when he can, he will be making bank big time. i can trade the life out of ab if i wanted to, but that is not why i am here. the longer the market prices ab incorrectly, the more i will add.

You were spreading FUD at the time to kill sentiment so you can buy as low as possible. When posters like Zak are spreading FUD they are trying to buy shares as cheap as possible to go close shorts and go long.

You should read back on his previous claims. He has been caught out many times. Apparently, he is long at £9 and decided to sell at 320 lmao. If he is the master trader he claims to be, he could trade liquid stocks in big caps, no small caps for a happy meal.

Zak7795 “I bought another 5k at 255pToday 09:40

But for full disclosure I sold 5k at 320p last week....that's trading”

Here is your evidence Zak and his cronies have been toying with the share price - shorting&Long to suit. Eventually the truth comes out, tell 1 lie and you need a 100 to cover it up!

788k traded last week, 370k traded today.

How many times can you possibly sell and buyback to make up that volume Zak hahah.

50k, 20k, 15k, 10k etc blocks flying in since last week. That is not pi money. That is a heavyweight loading up for a reason imo, not in for a silly trade like you.

All positions are required to be declared in the event of a bid. There will be no more hiding for anyone hiding short positions.

370k traded today so far.. someone accumulating on open market ahead of a potential bid?

Beating market forecasts is the way to go.

@Audioboom

's management is acutely aware of this, following that remarkable share price run over 2 years that began in H2 2020.

Over the past 4-5 months, the Company has been trading at the steepest discount it ever has, relative to its own revenues. If it were tracking its own historic valuation, it should be at over 700p right now. In contrast, the Company is now arguably in its strongest ever position. Its topline is growing rapidly once more - outstripping the growth of the wider podcasting industry, in fact; and is likely to move into healthy profitability this year. Management is openly signposting that 2024 will be a record year.

Forecast upgrades will come, and will drive BOOM's share price much higher over the next 12 months, I believe.

N.B. I do have a significant holding and I will continue to add as and when I can, at sub 300p.

M&A interesting comment from the board for sure.. buyers must be circling with results out the way.

Good to finally see the board open to the idea of potential bids. Looking forward to the red dot flashing on LSE with a stonking bid from a suitor.

Myles done a great assessment on valuations - see below.

M&A in the podcasting space tends to be based on enterprise value/sales ratio (or price-to-sales ratio, which is the same except that it does not account for cash or debt on the balance sheet).

Transactions in the space over the past five years for which there is publicly available financial data include:

- iHeartMedia acquiring Triton Media for an enterprise value of $228m (an EV/Sales ratio of 5.0x)

- Amazon acquiring Wondery for an enterprise value of $300m (an EV/Sales ratio of 7.5x)

- Sirius XM acquiring Stitcher for an enterprise value of $325m (an EV/Sales ratio of 4.5x)

- Spotify acquiring Gimlet Media for an enterprise value of $230m (an EV/Sales ratio of 10.2x)

That's a mean EV/Sales ratio of 6.8x.

In the graph below, I have charted Audioboom's quarterly revenues over the past 5 years / 20 quarters from Q1 2019 to Q4 2023 (y-axis, left side) against the average weighted market capitalization for each quarter (y-axis, right side).

I have used a PSR over EV/Sales as BOOM did not have any significant debt in the period, nor did it ever have surplus cash (in fact, it relied on cash injections from equity raises until 2020). Accordingly, PSR in BOOM's case is an adequate proxy for EV/Sales, when comparing against the aforementioned M&A activity.

On average, across the 5-year period, BOOM has traded on a current year PSR of 1.85x (and a median PSR of 1.55x).

The combination of the share price collapse throughout last year (which bottomed in early November), coupled with the return to strong topline growth in Q4, means that the stock is now trading at a 62% discount to where it has traded over the past five years, on a PSR basis. Or to put it another way, just to be trading in line with where it has (relative to its revenues) over the pat five years, BOOM should currently be priced at 717p.

Now consider the known M&A valuations of the past five years. A mean EV/Sales ratio of 6.8x - versus BOOM's currently at 0.68x.

Based purely on previous M&A activity and using the peer group average, BOOM's "premium takeover" valuation would be 10x / 900% higher than it is: 2,500p.

The challenge is to understand why the share price collapsed over the past two years, and if the collapse was too extreme / unwarranted. My own view is that a temporary topline contraction in 2023 - caused by both the loss of a key podcast (Morbid) in 2022, and by a major downturn in the global advertising market between Q3 2022 and Q3 2023 - caused major uncertainty and yes, did drive an unwarranted sell off.

Continued on next post

You did not buy another 5k Zak, you bought back what you sold 😜haha

It is only fair to blame them for buying as well Zak haha

2024 is set to be a record year for Audioboom, and - as I highlight in our Q1 2024 Trading Update, released today - we are perfectly positioned to achieve these goals after positive trading in the first 3 months of 2024 in which we delivered revenue of US$17.1 million (up 11% on Q1 2023: US$15.4 million) and adjusted EBITDA profit of US$0.1 million. I expect the revenue growth rate to accelerate through upcoming quarters, and EBITDA profit to grow accordingly.

I am buoyed by the US$55 million of advertising that we currently have booked for the year. This compares with the US$50 million booked at the same stage last year but, in relative terms, we are even further ahead, as in 2023 approximately US$7 million of advertising campaigns were cancelled between April and September due to ad market deterioration.

In 2024 our main investment will be into our sales operation, specifically the growth of our brand awareness team tasked with bringing a new group of blue-chip customers to Audiobooom. We recently announced the hiring of 2 key executives - Shaun Wilson, formerly of Sony Entertainment and Spotify, in the role of Head of UK Sales and Molly Harvey, formerly of SiriusXM and CBS Radio in the role of Vice President of Brand Sales.

Operationally 2024 has started well. In January we hit a new record user number with 38.6 million unique listeners downloading content from Audioboom. Our creator network continues to grow with recently announced new signings including Pretty X Unfiltered, Soder, BDA with Katherine Schwarzenegger, Omnibus, Do We Know Them? and George Conway Explains It All To Sarah Longwell expected to add more than 4 million downloads to the network each month. Our pipeline of new business remains strong, and we expect to convert this opportunity to new podcaster partnerships throughout the year.

We continue to focus on the core operational improvements we initiated last year. Alongside the growth of our brand advertising unit and expansion of our creator network, the upward momentum of Showcase, the further exploitation of advertising inventory levels, and the continued growth of our Sonic brand platform, we are forecasting record revenue in 2024.

Record revenue, combined with the improved podcaster revenue shares and removal of more than US$5 million of minimum guarantee obligations through contract restructuring, is expected to take us back to a position of EBITDA profitability for the full year and as a Board, look to the future with confidence.

We are committed to delivering these financial goals despite still operating in a weakened advertising market. Any meaningful recovery in the ad market would bring further upside.

Lol he is only looking for clout from me.

If he does not see value at 310, it is best to ignore him.

It is the trajectory that is important.

Buyout sooner rather than later imo

Now for a blue finish