Member Info for Boombangabang

Spotify will be desperate to keep ahead of Amazon!

Sounds a bit of a French idiot.
£35 and out.

https://twitter.com/tcomprador/status/1489129020323246084?s=24

Who’d want Spotify shares ?

https://twitter.com/sportschris/status/1488641176957825027?s=24

I still think an announcement is due.

Given the extraordinary rise in the last few days I would say the company needs to make a statement. Note that the company was unavailable for comment yesterday.

Audioboom Becomes More Attractive in Podcast M&A Market -- Market Talk
(Dow Jones) -- 1739 GMT -

Audioboom could become a takeover target in a vibrant podcast M&A market, FinnCap says as shares in the on-demand audio and podcasting distribution service rise 9% to 1575 pence amid unconfirmed market speculation about potential bid interest. Traders said rumors were circulating about a possible approach for Audioboom, though the identity of any potential bidder was unknown. No-one from Audioboom was available to comment. Audioboom's continued expansion of its services and original programming is making it more attractive in an active podcast M&A market, with acquisitions at 4 to 10 times enterprise value/sales by mega-cap tech and audio tech peers since 2019, house brokerage FinnCap said in a note on Jan. 10. "We upgrade our price target to 2250 pence," FinnCap analyst Michael Hill says. (philip.waller@wsj.com)

Increase today of 10pc today following 7pc on Friday.
Will there be an announcement tonight of tomorrow?

Excellent reaction to price yesterday. Obviously the buying by Tobin of GBP15k is a strong indicator. Also Chris Akers has posted on Twitter that he expects price to be GBP33 and he’s been proved absolutely right on Boom in the past.
The brief retrace was due to a settling of a derivative contract, but now cleared.
As Master RSI says Monday may provide the opportunity to get back to GBP 16 again.
Have a good weekend

The last sentence says it all about the London Stock exchange being “stuffy”.
Not giving tech companies in Uk the same valuations as US.

http://digitaleditions.telegraph.co.uk/data/849/reader/reader.html?social#!preferred/0/package/849/pub/849/page/100/article/261978

Exactly. The USD500m question!

Short and sweet. Boom is worth right now a minimum of USD 500m or GBP 22.5 a share as per finnCap note out today. But the revenue estimate of USD 83m FY22 and USD 106m FY23 is way under forecast. More like USD 100m and USD 150m based on historical growth. Therefore on finnCap metrics of 5x , which is on low side, Boom’s fair value is USD750m. That’s GBP35 a share. Quite simple.

Well something is happening - and big. Why release the FY 21 trading results 10 days ahead of schedule. Must be potentially very big news. The management have given this information to interested parties ?!

Sorry typo.

They can’t do what happened in 2021 ……

A price very near the GBP16 fair value placed by finnCap in December( I think) should be realistic by time of trading update. Basing this on my expectation of a major new forecast for 2022. They do do what happened in 2021 and reforecast every couple of months. An aggressive and realistic forecast must be put out and this means increasing revenue from USD78 m to USD90 or more. Then do your own calculations to come up with a fair value.

From the company and business and market sector there’s only great news. But we all know how markets can be manipulated and things can get out of hand. The close period is always a time for traders and MM to have the opportunity to shake things up.

Meant to say Pet, I read the article on Tesla which was trying to prove the point that you lose a lot of potential profit by trading in and out. Sell of course if you don’t believe anymore or sell if you think it’s the top. But as you illustrate imagine if you’d bought those shares in the GBP2’s and just kept them you’d be sitting on a very handsome profit I bet. Never sold a share by the way. My one regret is I didn’t get in again at sub 2. Don’t ask me why!!

Pet, it’s not over yet this journey. I think I remember 2014 revenue being GBP 50k but I could be wrong. It’s truly a typical AIM tale. Boom was doing brilliantly and issued shares in Sept 2014 at 12p. The price in the market was 16p. This was interpreted as a discount, but the price had moved up in two days following the agreement for the new issue. All history I know but the churning of how misinformation changed the dynamics of Boom over 5 years is actually a disgrace to those who just wanted to kill another young media/tech company. It should have stayed private and then listed like an ACAST with a huge multiple. Boom is still playing catch-up. It’s a far better company than anything out there in podcasting. I agree with your price of GBP 25 being the fair value. But I fear Boom will be bought for GBP20. Having said that Candy etc put a figure of GBP 25 in their pledge agreement with AAA last year.
Much still to discuss until 19th.

Been here almost 8 years. Thankfully no Sirius!