Member Info for Boombangabang

Sentiment is changing and will continue to be more positive. This is a company in a growing sector and its trading results for 2020 reported last week prove this. On all measurable fronts Boom has shown an increase and improvement. The established metrics for valuation are on record, though all are US companies. The Uk market has to wake up and see the value in Boom. It will be paid through an acquisition.

Skid - anybody with a balanced view on Boom will see this being taken out by US company. Maybe the full valuation will not be attained but conservative range £6 - £7. I think there is a real appetite to catch up with Spotify!

£4.20 is still half the value as it’s based on only 2.5 times 2021 forecast. Minimum multiple is 5 based on US values. Yes this is the blind London investor view and that has to be lived with. But if London wants to be seen as a global exchange with a global view it has to wake up. Tech companies are being underrated and prices suppressed by short term traders. We know AIM is like this but it will shoot itself in the foot with new companies resisting a listing. Let’s not forget that Boom is really a US business and will attract an American buyer.

Massive endorsement. How long has it been running - 3 or 4 years already. Competition must have been pitching for this lucrative contract. Excellent Boom kept the contract and for a further 3 years.

Audioboom has been public for 6 years. It had £5m in the bank from the IPO. In the glare of analysts and some initial investors looking to make a quick few quid it did succeed for 6 months. That’s history. It became the target for shorting and its share price suffered. That had the knock on effect of having to issue more share each time it needed funds. So when a company grows from zero revenue in Year 1 to over $25m in year 6 it’s going to need cash. I agree that management have said no more fund raising but that was wrong. No point in dwelling on that. Whatever you want to debate about fund raising, guarantees or shareholders loans the company has performed and reached over the past 2or 3 years substantial revenue and has outperformed its peers. You can go on knocking the company, but it has a great business and indeed should have been sold mid last year. The CEO and CFO insanely announced a few months ago that the time wasn’t right and the company was mature. This is on the middle of the massive buying spree by huge media companies and the guys duffed their lines.
There’s now a second wave of acquisitions and I sincerely hope that the controlling shareholders take over the decision making and sell. If done correctly this is £6 minimum.

Agree with some points but I reinforce my points that profitability has nothing to do if Boom is sold.

Audioboom being public is the issue. Open criticism goes with this. All companies until they are mature need to raise cash, how many funding rounds did we see from Wondery and all the others. Spotify still isn’t profitable. Boom has performed probably better than all but the market, as you say, is not interested. Share issues have been made on falling rather than rising values. You’d never have had this in the private company sector who have investors wanting to see a company get stronger. We are all experienced enough to see that the share price has been forced lower by traders, not investors. That’s the crux.
The CEO had no grounds or right to say what he has on the timing of a sale. The directors and major shareholders made the decision in February. I believe that management inertia was also a contributing factor to a non sale. How things play out now depends on Apple and Sony. They both wanted Wondery but Amazon out bid them. Their desire or necessity to acquire can’t have gone away. Boom is the only company left in the market with sufficient content, production capability, contracts, advertising platform etc.
But Boom will not be bought on the metrics of profitability. That’s just daft and a non issue in this sector.
Boom’s future will be decided by investors rather than traders. It’s as simple as that.

You say Boom has to be profitable. Why? No other company which has been acquired ( approx 8) have been anywhere near cash flow positive nor profitable. Disingenuous to plonk the metric onto Boom. And it is 5/6th ranking in USA. Wonderry 4th. That surely tells the market something.

Your posts PoeBardem are always balanced and spot on. Thanks.

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RiverOtter for someone who has produced on the face of it a meticulous report I don't accept this was done in error. It's a plain RNS announcement and easy to see and read. If you're a serious analyst you'd know the format back to front.
You must have taken days trawling through filings in Singapore and Uk. To what end. There is a great new investor who stumped up £3.1m.
To connect the same shareholder with AAA is true of course but you make it all sound so Sherlock Holmes.
I bet the Singapore shareholder has shares in Apple, Spotify, Sony, Google. What do you want to make of that.
There is obviously still life in the sale process of Boom and I'd let the potential powers get on with it.
Otter, Incidentally please explain why you say Boom is not performing revenue and earnings wise.
To compare I'd like you to take a close look at Megaphone being the latest company to be sold. Please let us have your analysis on their comparable sales and earnings.
You focus quite rightly on how a company is financed. True Boom has had I think four or maybe five funding rounds in 6 years with approx $12m cash. Go and have a look how much the private podcasting companies have raised in the same period. They have much less revenue than Boom and stonking losses.
The SPV you totally misrepresent. It's a special vehicle to finance high valued podcasters. These are advanced payments required to guarantee the podcasters earnings. The advances are specific and not a general loan. The terms are arms length yet you imply otherwise.

If your going to analyse a company you have to measure against the company.s peers. You're doing yours in a vacuum.
Again to reiterate. You've been discredited by your scaremongering on Candy shareholding.

Typo - Triton deal NOT entered into

Do stop whining Gunner. You think you know everything posting endless detail. We’re all hurting. Just be an adult investor and look for the positives. You never ever give a balanced view. I’ll accept that criticism of the board is warranted. But there’s only one person who drove the Triton deal and it wasn’t Rob P. If you went to a presentation you’ll know he was not present. The deal in retrospect should have been entered into as it turned out Triton management hijacked the whole process. Boom management had been wise enough to have a Plan B which indicates great foresight. Do you think the recent financing and fund raise has been done over night. If you want Boom to succeed then get behind the management. If you want Boom to fail then that’s a very sad state to be in.

Your post is accurate as far as the snippet you give goes but why don’t you include the positive news that the fund raise is progressing well and will be issued at a quantum price and Candy will participate to the extent necessary to achieve the amount required. Now isn’t that good news instead of all this huffing and puffing and innuendo! Do you like bad news Hmmm!!!!

Myreddit owned by Boom that's the main point. Also you have to download the Reddit app first.

Yours is a pitiful attempt at analysing audioBoom. There is no logical merit in raking up comments of 3 years ago. For what purpose is obvious but it only reflects badly on you and I trust no one takes seriously your prior attempts at sarcasm. The business model of Boom is totally different to that of 3 years ago when it was a newly listed company. For any current shareholder or anyone thinking of do meaningful research there is plenty contained in the RNS releases over the past 12 months and look at the Twitter feed of Boom. For instance they announced today a new senior marketing appointment in the US advertising sales department. Read it. The appointment has been filled by a well regarded lady who I don't believe would be joining the company unless there was a real future, and soon. Boom is strong financially, no debt, no convertible loan notes. Its' revenues and listens growth are the best in the industry. As I say please do some serious research. Most posters here are knowledgeable. Peak54 is not so enjoy your very short time in the sun. I shalln't be continuing this thread as I know that's just what you'd want.