Member Info for Boombangabang

Very very unusual with no movement at all today!

That would be an audacious bid hardcore, but would be accepted by the board of directors no doubt !

Andy my feeling a bid would be between £10 to £15. The £10 is easily attainable based on a low multiple of revenue. The market is now starting to realise valuations in the sector had fallen too much. Up to £15 would depend on multiple interested parties. Although Boom is profitable and the only company in the tech media sector to be so, the main metric for valuation is revenue. It’ll be a US buyer so they will be realistic on not be swayed by the UK market attitude.

Leg ache you’re a prime example of pompous and dogmatic posting.

Please stop pontificating legache.

Virgin Media owned by Liberty Global which is owned by Liberty Media. F1 is an important part of Liberty Media and Boom has produced and marketed the podcast Beyond the Grid since its inception. Are these dots correct?

How would Virgin work? It’s a telephone and tv company.

Getting back to pre Q4 and FY22 price. Ludicrous how some posters came here declaring that the reduction of operating expenses and directors bus were a bad sign. The business is forecast to bring in increased revenues and EBITDA in FY23.

You’re right Tradeorlth. He can’t know anything apart from what is in the public domain or that would be insider trading. So based on what we all know he’s taking the positive view on the growth of the company and perhaps an acquisition.
People have moved from complaining Tobin wasn’t buying onto criticism of Tobin buying. What is that all about. He’s bought all the way down from £22, exercised 300, 000 warrants into shares and paid £1,320,000. He must be in the red with this average price on his total holding of approx 720,000 shares. And all that happens is people look for something to gripe about.

We are on the same page HeresHopin. Incidentally I checked the latest ACAST figures. I was out of date. Head count is a crazy 590 with turnover $130m. That is some overhead!

HeresHopin - Stuart Last has always run a very lean company. He always makes the point in his quarterly investor calls. From memory headcount has averaged around 45. This compares to over 250 at ACAST who’s Turnover was only about 30pc higher. I think Stuart said at FY22 that 5 jobs had been made redundant. Please correct me anyone if I’m a bit out. With OPEX under control Boom will again be profitable. They forecast 2023 revenue to increase yet again and are looking to take 7pc of the market . Their Showcase business is going great guns and no one else has the back catalogue like Boom to provide that extra content and back up.

Sevieco - the facts can’t be denied and thx for stating them so clearly. Of course the buying again today by the chairman has nothing to do with all these positives!

I agree with you drice. Audioboom has not been trading on normal basics for some time. It has not benefited from the mini recovery in the tech sector. The company produced a strong set of financial and business results for FY22- better than any other company in the sector. So it continues to be
a restructure of the AAA shareholding having a negative effect.

Tommy, what are you on about. Firstly any valuation on earnings is EBITDA therefore tax has no bearing. Secondly please name me one company on this sector which isn’t valued purely on a revenue multiple. Read the finnCap note. Fmv is 4 times revenue.

Michael Tobin at it again. What a great sign that he continues to add to his shareholding. Will he offer to buy the company?
Only joking.

JetSet. Correct. And further if memory is correct the warrants were associated with a rolling loan facility provided by Tobin and Candy a few years ago to enable the company to finance the minimum guarantees required by Premium Content providers.
Anyway what is the relevance of all this now

Mr Bear a couple of points from presentation yesterday.
OPEX is well under control. The 5 new signings will bring in usd 8m pa. Gross margins on Premium podcasts were tighter in 2022 but expect to improve in 2023. Market share of podcast industry will increase to 7pc in 2023. Basically going forward the business is in great shape. If the advertising industry had been in better shape in 2022 revenue would have been 20pc higher.

How’s it risk free. The chairman and ceo have lost money in their recent purchases.

Well said bluerill. It beggars belief the facile comments this morning. Anything positive, Tobin buying for instance, is pushed aside and question asked why isn’t anyone else buying. I’m sure he’s buying not just to assuage the BB here. He’s buying to make money and knows the value is multiples of the current price.

Boom has increased both.