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Agreed BBB
“ The other key factor is Steven Smith being on Audioboom board has worked for him for 15 years, he'll have given Candy the inside track on everything.” From 404x
Guys the above statement from 404x is distressing. I wasn’t aware of this connection. I think we all need to contact Stuart Last or Mike Tobin and demand some answers. Also worth bringing this to the attention of the fca. It’s now apparent why these trolls have been trying so hard to create FUD on AB and why they were so confident shorting AB with their inside man Steven Smith. They are all in cahoots with each other shorting AB, anyone with half a brain cell can see. All making sense now.
Below are couple of key initiatives from Elliot Luther last year. I guess they were referring to Steven Smith? This is absolutely disgusting. So Candy managed to pledge his shares to Bank of Singapore above £20 in return for £40m, he then illegally obtained a WWFO and used the £40m to short AB shares with the help of his inside man Steven Smith. This explains how AB shares have traded more than the total shares in circulation within 12months. That peado
Candy done all this due to a spat with Bonnier, utter scumbag.
E&L key initiatives
b. Prohibition on stock lending and short selling among Consortium members and their affiliates.
c. An open letter to the Audioboom Board requesting a statement from directors that they and their affiliates will not be involved in stock lending or short selling and asking any directors unwilling or unable to make such statement to resign with immediate effect.
Only thing I lemmings can do is scream at bonnier over the internet lmao hahah. Feel sorry for u muppets. Ur boy candy& his left testicle Steven smith should’ve done their dd like all sensible businessmen to avoid this mess. Anyway happy hunting bonnier u lemmings hahahah.. let us get back to AB.
Amazing how wrong I get it?
Ur sitting on LSE on a Monday night touting for help to take down ur enemy bonnier hahahah lmao
404x, Zak and the rest of u muppets have all pulled ur pants down in front of everyone LSE. I was just trolling u lemmings. I actually now believe there’s truth in what bonnier has claimed. Candy&his city connections have been manipulating AB all along with the help of Steven Smith. U idi-ots have confirmed this today with ur posts lmao hahahah. Good luck finding the stock to close ur shorts, rug pull soon. Sounds like Steven Smith will be going on vacation to HMP lol.
Ironically none of this makes a difference to AB. AB are doing all the right things and will rerate in short, medium and long term.
@404x are u candy or Steven smith? Hahahaha
How does feel to be on Epsteins list?
404x fca declining to investigate ur case, now ur touting for help on LSE to take down bonnier bwahahahaha keep clutching at straws with ur court case hahaha lmao
“Last night, Candy said he complained to the Financial Conduct Authority, but the regulator has declined to investigate.”
Fca refused to take NC seriously but according to u this news paper article holds weight hahaha. FCA prob refused to take NC seriously because they are already have him and his cronies like u and Zak under investigation.
"The FCA said it could not comment on 'ongoing litigation', but added: 'We take market abuse concerns seriously.' "
Just make sure u get out of short positions in time fellas, all eyes on u.
For the record all this noise has no bearing on AB and it’s business. Blowout Q1 results are around the corner, sp will respond accordingly. These ridiculous prices is a opportunity to load up before results. I won’t be surprised if AB throw us a bone and release some unexpected news on contracts earlier, it will be a nice buzz for those on the wrong side of the trade.
Short13 Dec 2023 11:53
Posted on ADVFN forum
"The Claimant (nick candy) failed to disclose to the Court at an ex parte hearing on 25 July 2022 (the "Without Notice Hearing") that 2,000,000 of its shares in Audioboom had been pledged to the Bank of Singapore in February 2022 for which the Claimant received £30,000,000 in cash; and Moreover, the Claimant has consistently refused to confirm and or deny that other Audioboom transactions were entered into, or that through third parties, deliberate short positions were created once the Claimant had received this cash from the Bank of Singapore."
RE: Short13 Dec 2023 12:35
Possibly..
https://www.intelligenceonline.com/corporate-intelligence/2023/11/16/nick-candy-ropes-in-usg-security-for-legal-battles,110098338-art
Bonnier’s plans to file for large scale conspiracy against candy represents an audacious counter-attack on his part. The British jet-setter is also a major donor of the British Conservative party, who pulls strings in the city of London. The filing targets a large number of people accused of complicity with him. Two other parties have indicated that they are ready to back bonnier’s accusations.
Zak ur post on 9th Feb. Check the volume. Buys always out doing sells but mm’s refuse to price this appropriately. Same mm’s who are complicit in manipulating the share price for last 2 years. By ur own logic it’s the mm’s failing to do their job.
RE: Nice to see all those buys....9 Feb 2024 20:04
I asked Marex yesterday. I don't know Kevin but I do know another fella who works on the desk. They said they have been very quiet in the name but think Bonnier is out of the stock now.
Maybe bonnier is right, candy has found himself unstuck with his short position. Does any of it matter.. no
Value will out sooner than later in AB and Stuart Last will be our driving force. I am buying as many AB shares as I can despite the noise. 16.3m shares in circulation. When AB goes vertical you will either be in or out.
And even more so the EBITDA forecast of $1.3m. The RNS of 16 Feb suggests that the Company is already building on the Q4 revenue figure of $19.2m. Furthermore, the Company has become much leaner over the past 12 months (headcount reduced), and has reduced minimum guarantee obligations for its podcast creators (will be over $2.5m throughout 2024).
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.
2/2
I've been doing a bit of work on #AUDIOBOOM #BOOM's valuation.
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.
The next challenge is to understand what could catalyze a major (and sustained) share price rerating again. For me, this is very simple: continued topline growth (following the excellent Q4 2023), and a return to healthy profitability, which leads to forecast upgrades.
My own view is that BOOM smashes the consensus revenue forecast for 2024 of $79m
Continued 1/
U missed out the biggest culprit of them all, Alan Duff. He is the ring leader connected to all the market makers and brokers, he is responsible for deceiving 100’s of investors who lost their life savings. Who do u think is feeding the mm’s misinformation in order to manipulate AB’s share price?
My opinion is the same as MM
What an update from #AUDIOBOOM #BOOM.
- In January, podcasts were downloaded by over 38.6 million unique listeners worldwide, a new monthly record and more than 9% up on Q4 2023's monthly average;
-
@Audioboom
remains the 5th largest podcaster in the US, but is growing faster than its competitors. Should move into 4th place soon.
The Company's turnaround following the industry-wide slump in podcasting (H2 '22 - H1 '23) is gaining pace. I am absolutely convinced that the consensus revenue forecast of $79m for FY24 will be smashed, as will the EBITDA forecast of $1.3m.
I've sat here (stupidly?!) and watched paper gains (peaked at +143% last month, after November entry) reduce alarmingly over the past five weeks, as the share price has retraced by as much as 38% from the 345p high. Hopefully today's news begins to justify the lack of profit taking!
To repeat some of my post from last month: BOOM is now trading on a 2024 PSR of around 0.65x. 'Resting' fair value is 3x that, in my view - with a T/O value perhaps 6-10x that.
Just a shame ur opinion means diddly squat. According to u bonnier has been the seller for the last 2 years from £22 lmao hahaha
At least put some effort into ur FUD haha
Master rsi, how’s the chart looking? Any gaps?
That doesn’t make livestock correct when he posted
RIP Zak u died a long time ago on this bb hahaha
Turn it around.. do u think allegations from a no mark in a news paper article affects the share price?
“Last night, Candy said he complained to the Financial Conduct Authority, but the regulator has declined to investigate.”
Fca refused to take NC seriously but according to u this news paper article holds weight hahaha. FCA prob refused to take NC seriously because they are already have him and his cronies like u and Zak under investigation.
"The FCA said it could not comment on 'ongoing litigation', but added: 'We take market abuse concerns seriously.' "
Just make sure u get out of short positions in time fellas, all eyes on u.
For the record all this noise has no bearing on AB and it’s business. Blowout Q1 results are around the corner, sp will respond accordingly. These ridiculous prices is a opportunity to load up before results. I won’t be surprised if AB throw us a bone and release some unexpected news on contracts earlier, it will be a nice buzz for those on the wrong side of the trade.
Lmao hahaha nice story livestock. U decided the bad press on a Sunday was going to drag the sp down, not the fact u and ur cronies are attempting to manipulate hahah
@zak looks like u knee jerked too early like ur mate candy with his illegal wwfo lmao, u should’ve waited a few minutes before posting hahah
Oh, really zak or should we say livestock? 404x? Newdealz?
How many pseudonyms are u hiding behind?
What exactly was he right about?
Livestock jumped on FUDING, as soon as the article was released over the weekend, article pushed out by NC, it seems there are merits to RB’s claims? Maybe that is the reason why the FCA declined to investigate. More Bonnier nightmares for u Zak, say ur prayers before u sleep Hahahah
Livestock is that the best u can do after a number of failed attempts to mislead and create FUD.
Prob best u keep ur mouth shut in future hahah