Very good comments kdogg and pretty much in line with a post I made a while back. It’s the quality of the downloads that matters and the IOS modification has weeded out those that really don’t count and advertising agents have been wary about. It must be same as “followers “ on X. How many are truly reading those so called influencers.
The RNS which announced the date of the AGM on 24th July does not give a date for the release of the H1 results. The Investor Meet date and time will also be announced.
Isn’t it indicative of some posters here. Every time the company releases an RNS for the benefit of advising the market on how the company’s business is progressing their comments are purely negative and subversive. The RNS today confirmed the resigning of important shows. That’s GOOD for the company and this for shareholders.
Let’s clarify that whatwhat posts are totally misleading. All companies dropped a place in the Triton Ranker in May due to the entry of I Heart for the first time and and into top position. Also all companies continue to show the effect of Apple IOS. So two statements this morning absolutely incorrect in the assumptions made
Very interesting proposition Cigam. Goalhanger is a new company with little history on performance. I read in the papers last week that there has been a recent spike in audience figures. According to Lineker. Still it’s something for AB advisers to consider. Not a fan of Lineker though!
The key point is since December AB have closed the gap on Audacy from 2.2m downloads to 110k.
Apple IOS change has affected the entire industry and statistics.
I would also point to the unique listeners ranker that Triton publishes... in that metric there is growth since December.
So more listeners coming in to podcasting (ie, the industry is not slowing down), but a resetting of how many episodes they each listen to due to the Apple now weeding out automatic downloads beyond a certain threshold.
Going back to Phil01 post about iHeart. Their market is only USD 147m and the share price is at a low. Looking at Sirius this is a more likely match. They’ve just been knocked off top spot but if you add Audiboom’s figures they’d jump back up to number one. AB produce Beyond the Grid for Sirius so a good connection in business already. Sirius has a market cap of USD11bn and share price is recovering. All food for thought.
RE: No directors buys for nearly 8 weeks21 Jun 2024 14:01
If the directors announce at Q2 that plans to relist are being implemented how would that go down. I don’t know the process and whether minorities would have to accept. On balance it must be a good move.
Correct Phil01.Audioboom has 12,344,096 average weekly downloads and closing fast on Audacy with 12,475,541. Iheart is the number 1 audio media company in US.
Very perceptive overtrader. I’m sure you’ve done your sums on how undervalued Audioboom is. Nearest competitor is ACAST which trades on Stockholm exchange currently at 1.5 times revenue. Market Cap is 2.6 bSEK with a turnover over 1.7b SEK. It also makes an EBITDA loss of 254b SEK.
Audioboom value should be USD112m based on revenue of USD75m times 1.5. That’s USD 7 or GBP5.50.
RE: UK firms being targeted for buyout on a weekly basis now - Boom next23 May 2024 17:37
We all know that directors must manage a company for the benefit of shareholders. I can foresee the directors of Audioboom being put in an invidious situation having to perform its fiduciary responsibilities by recommending a potential bid at a multiple of the current trading range of its shares. Until traders stop mucking around the big gain to be made on Audioboom won’t be realised. Solid investors who are wise to the possibility of a take out in the region of USD 13 have to get involved and get this market price up to USD 7 pretty smartly. Much better to make double of USD 7 than double the current of USD3 (GBP2.5).