Member Info for Boombangabang

I meant 8 figure. Audioboom will be valued 9 figure.

Interesting find neon. A 9 figure sum could be 10m or 99m. GBP or USD. We need to hear a bit more about revenue etc if possible. A good start though to the start of further consolidation.

More than quite an achievement it’s unbelievable. We are talking about the USA and Boom is mixing it big time with the behemoths. No one on the UK market WANT to recognise this. It’s all mealy mouthed minutiae which they focus on. The sooner the company move to a US listing the better. The shares can still be kept in ISA.

AIM is holding back many company valuations. In particular to us as Audioboom shareholders, the share price has dropped since Q1 2024 trading update which reported an 11pc increase in revenues and and EBITDA profit of USD 110k and a FY 2024 forecast of positive EBITDA. Compare this to ACAST on Swedish market. Shares up over 25pc with a forecast of positive EBITDA in FY2024.

What a sham AIM is.

It’s worth noting on the matter of “picking off” certain shows:

When Boom lost Morbid it was their largest show. Boom are significantly more diversified now and any loss would be relatively insignificant. But Boom didn’t lose Morbid because of quality or performance. It lost it because the competitor offered a ridiculous minimum guarantee which Boom were not willing to match - and have been proven right. Boom would have lost money.

Amazon etc have been offering deals for single shows HIGHER than Boom’s entire market cap! They have lost significantly on these few deals over the last years.

No one is offering anything like the same minimum guarantee deals now

An acquisition is still a no brainer even excluding the tech and other offerings Boom have. However the last thing Boom want is an offering of 50% or even 100% premium to the current share price. Think about how that may have to be dealt with.

If Boom return to the "commit and overperform" trajectory it had built pre the ad slumps (which was a once-in-a-lifetime event with covid) the value of the company will be fully appreciated by the market, as it was before. The FY24 forecast is this return and Q124 was an excellent start. Cavendish have done their homework and there is a detailed Note issued.

Then the kind of premiums mentioned above could be interesting.

Totally incorrect and inaccurate posts by 404.

Cigam has addressed most points and shown as misleading.

Looking at Wondery which cherry picked Morbid back in June 2022 the metrics show that Wondery has regressed even with this show with 7 million weekly downloads.

June 2022 weekly downloads 27.9 million and weekly users 7.1million

March 2024 weekly downloads 20.1 million and weekly users 6.7 million

All significantly down.

Rifkin this is a much more accurate and better report on what iHeart has released. Very positive on the podcast side of the business.

Frankly 404x you can’t think straight. You’re banging a very empty and tinny drum. Nothing new. Audioboom are actually growing the number of podcasters both independent and in house. As already pointed out they have marketing tools with Show Case and Ad Rip etc which if you ever bother to listen or read up are providing bigger percentage of revenue.

Thanks PoeBardem for putting the record straight.

All as reported consistently by Stuart Last in the Quarterly Meets. Of course Audioboom is more than a publisher, originator and advertiser. I hope 404x takes note that all his disinformation has been caught out before.

You live in the past 404x. Always looking in your reverse mirror.

Very balanced post Cigam. You state the facts. Cavendish have used a multiple of 3 x revenue in their Note. Your research 1.5 to 2 x . Choose whichever Boom is simply undervalued to a huge degree. Most investors who know their onions have put a minimum of GBP10.

Good point wwkid. And to pluck a figure of £1m profit out of the air what on earth is they about.

With total clarity you have two posters who display the myopic view of AIM. Disregard to all the metrics used by all other stock exchanges to value companies. No wonder no company wants to be here. EBITDA is the internationally recognised measurement of profit. One off cost or income should not be the indicator to the business. Nothing is ever commented upon regarding revenue and market share. Any buyer will be looking at this trend. Any investor should also.

I’m with you whatwhatkid. A profit is a profit in any language apart from on AIM who have posters like MOneyman. This is why shares are so undervalued in UK. Always backward looking rather than forward towards future performance. Audioboom have over the past few years always performed as per forecast and better than competitors in a difficult advertising market. Any changes have always been advised well in advance

That’s almost a given record revenues. Boom is already profitable

Imagine bearhuntr3 what Berenberg would have done if there was a 20k sell.

In simple terms Bear, is Berenberg quoting prices it wants. Other MM may not be online but if Berenberg get trades at their prices the others fall into line.

Rifkin, Bear and Poe. All accurate sentiments and observations. Thank god the board has you.

Absurd that anyone could criticise Michael Tobin for buying shares. He’s invested £1.4m in the open market in purchases. He’s a super star and an excellent Chairman who’s supporting the management. I don’t believe the company are paying Stuart Last and Brad Clarke a fortune. I’d say their salaries are under market level from what I remember. They are salaried and to expect them to buy is mealy mouthed.

Another purchase yesterday of 5k at £2.40. Sending a huge and continued message that he knows what the future holds!