Member Info for Boombangabang

Merely the “wrong” closing price on Friday at 380 as already discussed. Mid price close was 355p.

Mid closing was 355p. The 380p quoted was due to a very small trade at 16:35. This means MM can quote at opening on Monday 25p down. You couldn’t make it up if you tried!

Audiboom jump to 2nd if I’ve read this correctly. Haven’t had time to analyse.

Let’s see how Triton Ranker features in the next day or two.

BeardedDragon there you go. You’ve posted one of the most up tick recommended posts of all times perhaps

Excellent analysis longt3rminvestor. Spot on. Current market cap is 50% of low estimate value £5.98.

All media and tech down. Even with both Nasdaq and Dow up over 4%. ACAST as well down 5%. Audioboom down is exaggerated by false closing price of 310p. Should have been 300p

The PodX acquisition of Limonada may have brought valuations back to 2021/2022 levels at around 3x to 5x revenue. Revenue multiple is the main driver in establishing a value in this sector. ACAST is EBITDA loss making as just announced on Tuesday. Audioboom is the only consistently positive earnings company in the podcasting business as far as I can ascertain. That’s a bonus. Audiboom also has Showcase which is its highest gross margin product. That’s a USP for those looking for one.

Can’t see entire article BigShow as its subscription. Is there information on the revenues or other metric of lemonada as this would be useful to see how valuation was calculated.Thx

The trading is quite ridiculous and not based on any of the metrics valuing a company like Audioboom. Market Cap bears no comparison to other companies in the sector. It’s simply and unfortunately down to traders. ACAST has shown good strength as has Spotify.

A couple of interesting posts this morning. Here are my thoughts:

1. There is one onerous contract and I'm sure the company will look to renew it, but on fairer terms. It was signed before the ad market recession, at the height of the podcasting landgrab so it's unlikely the show would require a minimum guarantee anywhere near as high as the original one. Audioboom has a really good record of renewing partnerships - they recently announced renewals with No Such Thing As A Fish and True Crime Obsessed which will take both partnership close to 10 years by the end of the terms

2. If they don't renew, it will because they have stayed disciplined in how they operate - that is good for shareholders. They've talked a lot over the last year of not chasing the top-line and focusing on higher quality revenue. That can clearly be seen in the Q1 results with 10X EBITDA after they relinquished $3m of under-performing revenue. So if it doesn't renew, you'll see them make up the revenue with higher quality partnerships and EBITDA will be improved.

3. Yes, cash generation has been limited by the onerous contract. But Management have been clear that an overperformance in EBITDA this year will gear to cash and that in 2026 onwards EBITDA will be a proxy for cash just like it was before the onerous contract.

4. I'm sure they want to get into an upgrade cycle like they did in 2024, but there's seasonality in the business model so they will only likely upgrade across H2. The seasonality is not just in revenue being stronger in H2 because of higher advertising demand linked to Thanksgining, Black Friday, NFL season, EPL season and Christmas. There's also hard seasonality in EBITDA because of the way they partner with podcasters. If they pay a minimum guarantee it will be paid to a podcaster monthly on a flat-rate basis - let's say $50k per month for a $600k minimum guarantee. When advertising demand is low in Q1 they may only achieve $40k on that podcast so they have to 'true-up' $10k to pay what they are contracted to pay. That reduces gross margin and EBITDA. But by Q4 where demand is highest they may sell $60k on that podcast. They won't pay $60k because they already trued-up an amount earlier in the year - they'll recoup $10k which will improve margin and EBITDA. So EBITDA can gear heavily to the second half of the year in their model.

Every means under the sun are being used in an attempt to keep the share price low. Most media and tech company prices have recovered much of the drop in share value. Not in AIM. There has been no correction since tariffs were announced. Even more so after the coordinated attack after the AB trading update a few weeks ago. It can’t continue as AB is being valued on a market cap of less than 12 months revenue. All in all a ridiculous situation. A comparable value will be realised. Whether by relisting in US or a take out offer.

Great bullet points Mcsquares. Nothing to add.

Why the very early morning? ACAST had the same at 5%. No rise during the day even though NASDQ etc are up over 2%. Something wrong.

Fair point and as shown by podscribe ranking Audioboom are currently 6th on live ranking. Worth a look at the statistics in podscribe. Audioboom has some of the best. For instance % of Ads that are Host Read are 68%. Dis and Views are 137.8m and Dir. Res 83%. These are higher than most other companies other than Spotify and lends to my point that their margins are above the norm.

Podcast market in USA is now dominated by the big four - iHeart, NPR, Audacy and Audioboom who are way out in front. My bet is Audioboom has the best margins with its high quality inventory and advertising technique

And member since Dec 2024. That’s 3 months of disinformation on this board.

The price gets ripped to shreds by people who will say anything which is totally untrue. As you say they work as a team. Their attacks are vitriolic on individuals and the company. We have to be tough enough to deal with it. The pity is that AB is attracting this attention which isn’t normal for a proper company with substantial revenue and profit. Keep the above for start ups in mining and pharmaceutical!

Hope so provided Wall st doesn’t go deep into red.

Exactly Mav. The long term holders here have been doing a first class job reminding us all of the positive and thriving business of AB. With the excellent management and directors AB are an exciting and unique company. I suppose we should have expected the bad guys to reappear to spread their negativity. However it surprised me the extent of the false information did to the share price. Trumps tariffs gave a platform which was unhelpful. Timing may of changed on M&A as potential acquirers grappled with the market mayhem. As seasoned businessmen they will still be viewing the and their sector with an eagle eye and wait for the appropriate moment. In the meantime I take no notice, even though short term traders might, of the what can only be described as juvenile and invidious posts. I don’t even want to mention names as they will bask in their self serving notoriety

Good to see you back here Mav1967!