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More to come from Boom with an expanding network of podcast shows and many more to come on stream.
Very interesting article by Jeremy Clarkson who has written half page on why he a podcast convert.
The figures have always shown an incredible increase in listeners. Advertising will follow the trend. You see.
I think you mean 1000p.
New research shows podcasts deliver best attention to adverts compared to any other media
https://audacyinc.com/insights/new-dentsu-research-in-the-attention-economy-podcasts-outperform-all-others/
If the holding is below 3pc no obligation. And of course there will be others who don’t t self regulate properly or indeed on a timely basis.
Good point Monsieur Bear.
Looks like his size of buy. Another GBP10k if so.
I remember all that of course. And I think we are in a similar scenario as a few years ago at the start of the second peak. Buyers are around but trying to get stock at cheapest price. Understandable of course but this doesn’t get the price up until there’s some a good run of positive news. The H1 results were as good as they could have been given the advertising market. No one is giving credit to the business performance and rising KPI’s. The best exit price will still be via acquisition as a 4x revenue should be achievable. The Aim market will never give such a value, although it’s the generally accepted metric in US. I too have some powder but acting a bit like other buyers as mentioned above, which I’m not proud of. Good luck with your investments.
Quite right Rifkin, and thx for research as saved me doing the job. Any buy is significant. Gripes and moans are insignificant. Always new people looking here so company is entitled to update on how it is measured. I think it’s the first time Edison and Triton have been aligned. The simple fact is Audioboom are doing an incredible job being in the mix with some very large and well financed competitors. AB is a lean operation and management is to be congratulated for seeing last year some downturn in worldwide advertising and slimed down numbers to reduce costs. They are also exceptional in managing their finances. But mostly they’ve grown the core business and now expanding.
Very good to see you back. Metrics could t be better and as people have posted it’s time advertising picked up. I don’t know if there has been a concert to get the price down. It certainly seems like it. But one has to look at other tech and media shares which have been hit hard. Spotify for instance. I think the second half of this year will show excellent growth and mainly in Q4.
Well done the Chairman. To continue his buying yesterday with GBP10k sends the continuing message that Audioboom is on the right track.
Https://variety.com/2023/digital/news/podcast-ad-revenue-2023-forecast-study-1235610164/#:~:text=Podcast%20U.S.%20Ad%20Revenue%202023,Billion%2C%20up%2025%25%20%2D%20Variety
Totally agree Sieveco.
Zak stop banging on about your instagram photo of your account. No one is interested.
Some months ago I gave Zak the benefit of my doubts. But he’s really shown true colours today. There’s a difference between constructive criticism or analysis, however Zak in just vindictive.
The company has reiterated time again, the business metrics are doing very well. Advertising market, FOR EVERYONE, just has to buck up. This will fly again. Stuart Last and Tobin know that. The advertising market has not turned its back on podcasting as it’s a growing media.
When you say unable to buy or unable to sell. I assume that was at the price you wanted.
Good management are continuing the conference calls. I think they’ll have plenty to say. Stuart Last being in London is interesting - maybe.
Then why don’t you see how well the fundamentals are doing in the company. The announcement a couple of weeks ago gave those facts and all time highs in KPI’s. The company maintains its very good position in USA , Canada and Australia.
Can you see this?
Sometimes, Marsh, when someone is so far in the red and there’s not much more to lose they’ll rubbish a share to vent their frustration. I’ve heard this in personal discussions but not on a BB. Also he’s obviously had his fill of Roger Sargent - does he still have 300,000 shares?
I’m hopeful of H1. I trust management of Last, Clarke and Michael Tobin has been a very proactive chairman. They were honest to give plenty of pre advice that they were working on a new forecast which as I’ve said before I don’t believe will be drastically different from the original.
My understanding is that the brokers ( finnCap) have to sign off and issue any forecast figures. It prevents unruly directors from issuing projections without proper audit.
aaa suspended at 54p. another rodger sargent ****up