Member Info for Boombangabang

You highlight the potential administrative issues in trying to take a public company private through acquisition. This is why an offer is taking some time. US companies are loath to get involved but I think in Audioboom case one of the big one’s will be tempted through necessity.
If anyone can explain how a potential buyer can drive the price of a share down I’d like to hear the details.

I’ve been in touch with Stuart Last who has allowed me to pass on the following information :
Down load and user figures are really good news as Boom are closer to the No 2 and 3 spots in May and business is progressing well.

The downloads is all about timing of the big shows and when new episodes are launched. AudioBoom had a break with one big show on hiatus which took a one week’s planned break and effected the numbers in May but June will be back to normal. Audacy saw a drop of 11% in consumption numbers and NPR a 2% drop.

And has 10% of the top 100 shows!

Hope so , Mack!

Filter - I did a week ago . Who wants to see that utter tripe.

Something obviously up! Not usual to have a 12% increase. City rumours again! No idea where a bid may be coming from. Would love a simple straightforward offer from Spotify!

Really good view. Balanced comments.

Correct. Posts gone and I recommend others follow. He can have his own private conversation

Good idea as it’s total inane verbiage.

Can’t find Boom note on finnCap which is amateurish but then proceeds to post two long screeds of verbiage which has pretentious tones. Someone to be avoided.

And as others have posted - the tech sector is down over 50% from Spot to Uber to deliveroo. Implying there’s a problem with Boom is misleading!

Kat - You’re not trying hard enough. FinnCap have a fair market value of £22.50 in latest note after Q1. They expect to increase this of some long term contracts are renewed this month. Get a grip!

Checked it out and yes IME disposed of shares. Just shows as PI’s we know nothing what’s going on. Obviously MM do!
Are we expecting a good reaction tomorrow due to this and also US market up.

Especially when Tobin is buying almost every day. He doesn’t need an extra 1k or 2k shares considering is aggregate holding. But he’s still putting in £20- £30,000 each time and I believe giving a signal.

Are you trying to be deliberately obtuse in valuation.
Revenue is the metric for the industry. Fortunately Audioboom is also profitable but no other company in media is valued on earnings!
So why do so -because you want to choose a meaningless misinterpreted value.

FinnCap summary
Audioboom record Q1 results and strong FY21 results in April, yesterday’s trading update confirms that its excellent momentum has continued into April. Revenue for the month has organically grown +86% yoy to $7.1m, as its direct premium advertising business (c65% of revenue) is continuing to benefit from robust pricing, with its average global revenue per 1,000 downloads (eCPM) increasing to $53.9 from $50.5 in Q1 22, and robust volumes, with a new record for global monthly downloads of 131.9m vs 126.2m in Q1 22. Including investment to further differentiate its content and platform, April adjusted EBITDA has grown to $0.5m from $0.05m in April 21, and it has now generated $1.3m of adjusted EBITDA in the seasonally weakest four months of the year vs our FY22 forecast of $4.0m. Excellent management of working capital has then delivered an increase in April net cash to $4.4m from $3.3m at Q1 22. After upgrading FY22 and FY23 revenue by +6-7% and upgrading FY22 and FY23 adjusted EBITDA by +32% at the trading update on 10 January, we conservatively leave our forecasts unchanged at this point, as management is working through the renewal of key content partnerships. It has already delivered numerous successful renewals in Q1 22, and as Audioboom continues to scale its platform and builds out its strategically valuable original content, it is developing its attractiveness in a very active podcast M&A market, with acquisitions at 4-10x EV/Sales by mega-cap tech and audio tech peers. We reiterate our price target of 2,250p or 5x FY23 EV/Sales, and we look forward to it demonstrating strong operating momentum at its Q2 22 trading update in July, announcing material new podcast wins and renewals, and the group potentially benefitting from an attractive approach to acquire Audioboom.
- Audioboom’s investment case –

https://tritondigitalv3.blob.core.windows.net/media/Default/PodcastReports/USA%20Ranker%20-%20April%202022.pdf

So we agree now Shedit. Numero 4 no question marks. It’s what Stuart Last said last month that really counts.

https://twitter.com/sportschris/status/1527182370532691969?s=24&t=EaG-WtgoQH7SP-Vx7VElgQ

No doubt it will move up. How much depends on the cash element of a potential deal. £500m finance for a full cash bid or £330m for a £20 part cash deal ( which I think would have to be a minimum) and balance of £10 in shares.

We know nothing about the trading unless you’re an MM.
My take is there is a medium sized seller in the background as 5k and more are made each day and seems to get the low price of the day. I would hazard a private investor. The MM are more than happy to mark this down for whatever reason. Nothing has changed but Boom is being tarred with the same anti subscription brush which has devastated Spotify in particular.