Member Info for Boombangabang

What’s happening with Audioboom is been dealt with very seriously. The advisers who have been engaged are top drawer and won’t be interested in acting for low value M&A. I’d say they start at $250m transaction value. The quality of Audioboom management and directors is all about gaining top dollar - Candy and Tobin know how to do this.

So do I care what rubbish some post here. Not at all. If they want to waste their time it’s up to them. It doesn’t take much to see through them.

It’s seems to be daily!

BigShow, you have a great way of finding pertinent media. Thx.

The debt on the balance sheet of iHeart has significantly held back a high valuation.

But guess what - Audioboom has no debt. That’s a huge positive. Clean balance sheet and perfect for an acquisition of the entire company.

However I know that US companies are very much in favour of Scheme of Arrangements when purchasing foreign public companies as it takes out the issue of dealing with cleaning up the shareholders register. So my opinion is the business and any assets are acquired rather than the shares in Audioboom.

Current valuation of ACAST is 2.2 x annual revenue.

Current valuation of BOOM is 1.75 x annual revenue.

Share price of BOOM should be around £8.25.

UK market still not giving full value to shares compared to even Stockholm!

Reading more closely the RNS from Audioboom. The dispensation on non disclosure of offerer does not apply to any company which is identified in any rumour or speculation.

Therefore iHeart and Fox are ruled out?

“The Takeover Panel Executive has granted a dispensation from the requirement of Rule 2.4(b) of the Code such that Audioboom is not required to identify any potential offeror with which the Company is in talks, or from which an approach has been received, unless that potential offeror has been specifically identified in any rumour or speculation.”

Dowgate bought 3000 at £6.48 today.

Management have hired Rockefeller. Obviously a huge financial company. So very telling it’s a US led financial adviser leading the transaction. This means the value of Audioboom will be a certain size to have accepted AB as a client. The interested parties will more than likely be US corporations and will like dealing with a serious outfit.

So what was the strategy of the posters yesterday who were bleating on about ancient financial ratios etc. I think we should award a tin pot to JC01 for his services to education!

Ratio of buys to sells is 1:3. Many trades of 1 share.

I prefer to take notice of long term shareholders, those increasing their holding such as Dowgate, and the directors advice which stated a month ago in an RNS to the market “ that shareholders should take no action at this time “ following the Sky report.

The company are in an “offer period” so I wait to see what happens and just as important the Strategic Review the management quite rightly initiated. Is it coincidental that they had already appointed advisers when the media started the news that iHeart and Fox were looking at Audioboom.

Anyway I prefer not to engage in any debate with posters who have no intention of conducting their comments maturely and accurately.

Following all the ridiculous posts today on negativity it’s worth noting again the post from BigShow earlier this morning. Wouldn’t like the information to get lost in this noise:

Q3 Dowgate commentaryToday 09:40

AUDIOBOOM (BOOM LN) - CORE HOLDING UPDATE

Audioboom was the key driver of Q3 returns as the company quickly integrated its first bolt-on acquisition which had been acquired on very attractive terms. Synergies are particularly compelling because Audioboom can deploy its showcase engine into acquired back catalogues where the incumbent publisher has no such program to generate new revenues, and as a platform structure supplementary cost synergies are obvious. The market has begun to understand this and reprice the potential of future selffunded deals now that Audioboom is forecast to become meaningfully cash generative next year and beyond. At 0.7x EV/Sales Audioboom shares had been trading at a material discount to transaction multiples of 2 to 4x sales and even after a strong rally ended the quarter not much north of 1x Sales. The Onward team were thus not totally shocked post period end to see Sky News break a story that the business was drawing acquisition attention itself from iHeartMedia and Fox Corp. The same attractions of Audioboom’s own M&A deal have flagged the possible upside in a larger party acquiring the whole group itself given its paltry public markets multiple.

Also 10k, 20k,15.4k and 9.5k. Amendment of £140k? Last RNS shows 1,224,442

Audiochuck recently valued in May at $250m following a $40m capital raise.

Well done ACAST for a very bullish Q3 statement. Gives even more credence to Audioboom results. I bet there’s no mealy mouthed comments on an ACAST board!

I share, as I’m sure most here do, your frustration. All will be revealed!

Audioboom mentioned in the LSE video clip this morning. I’ve never watched one of these as they are rather annoying popping up on the screen all the time! Who takes any notice? But good publicity.

I don’t know if 3rd Oct is a start date for the 28 day period. The announcement on 3rd Oct by Audioboom said that no offer had been made nor discussions taking place. My feeling is that an acquirer was actively in the background at this date and may subsequently be in friendly talks with Audioboom management. So perhaps there’s a different start date. Whether an RNS is needed to update the market of talks I don’t know.

Many thanks Stringerbell. Didn’t get reported on the LSE nor ii platforms.

BigShow, can’t see that trade! 100k shares?