Member Info for Boombangabang

Excellent post PoeBardem. Seeing the shareholdings makes you think there are some major shareholders who will be horrified at what the market is doing to the value of Audioboom. Not much can be done until after Q3 as insiders can’t trade. Maybe we’ll see a return to a fairer price in the next 3 months.

So do I Zak. I have no idea how Ad industry is doing. I seen no negative media comment for many months so if you have any information please post your source. Audioboom’s business is and will be fine and grow. The shareholder issue which you raise is a problem but will be resolved.

Q3 should be out on Monday 16th. Maybe they’ll be super quick and get it out sometime next week. It can only be positive news with new shows and talent recently signed up. Rock solid in the Triton and Edison podcast league tables. This is a false market and I believe will quickly re rate to normal metrics (as I’ve said before!). Sorry to repeat myself.

Rifkin you’ve done very well to explain the negative and misleading comments. There is nothing to be done to stop this nonsense except wait for Q3 and the expected positive financial results. Nothing from company means that they are track to meet FY 2023 forecast.

Fair comments Soundman. I can’t see Boom being taken private. Simply haven’t got the necessary shareholder majority who will vote in favour. I’d probably agree but I’d lose the ISA wrapper advantage. But at this level the value of the investment is negligible so perhaps not a consideration. I don’t know what else the company, management or shareholders can do. There is absolutely no buying apart from directors. Investors are waiting for Q3 now. Will what are expected to be excellent figures give a big boost is anyones guess.

Triton have released August figures. Weekly Downloads for August were 18,455,228 which is highest ever. Up from 14,968,861 August last year and 16,736,222 last month July.

Weekly average users 5,471,125 compared to 5,113,237 last year and 5,120,887 last month.

Should translate into excellent Q3 financials.

Investor Chronicle have consistently not written balanced reports. To give a headline like this gives proof.

Read the RNS on 19th July detailing the H1 figures.

Audioboom are cash flow positive, cash in bank is up. Margins are up. The company made a full provision for a specific contract. Read note 9.

If some don’t care to be informed then comments by growing balls are irrelevant.

Error. It’s Q2 that needed the reforecast.

Lots of conflated comments and the same old arguments.

Management reviewed the 2023 financial forecast over 3 months ago giving good notice that Q3 would not be as expected due to the continuing sluggish Advertising sector. They professionally submitted a new forecast through finnCap. Audioboom is a fine company with directors still buying shares. They believe that adverting spend is on the up turn and that new shows and contracts being renewed give all the positive indications needed. As far as the company knowing who’s selling this is virtually impossible given the use of nominees. For sure there is an undercurrent of negative investing but this will be turned around very quickly and I hope with Q3 results. The price can be kept down only for so long until the metrics of valuing a company are again applied. No one who is selling can give a valuation as they are motivated to crash a company using spurious reasoning. Audioboom will recover - perhaps not to it’s highs but which companies in media sector will.

Thx Rifkin. Good points. Also take a look at ACAST. Down 7pc today to almost 12 month low. General malaise in sector?

What is Montrichard? Tobin can’t buy if he wanted as too close to Q3. Stuart Last on X advising a wrong link to Boom about a GBP4m dispute. You see how wrong news and information is being spread !

A market cap of half annual revenue is plainly ridiculous. There can be no logical reason based on valuation metrics. The price is what is in the market but there is going to be an almighty correction. When is anyone’s guess. Sentiment has nothing to do with it either.

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.