Member Info for PoeBardem

The company progress is solid, the facts remain and constructive posters like BigShow, Boombang and others have laid them out. Company on track for a strong year, no need to sell, doesnt take a genius to workout they turned down offers £7+. Close to this since the very early days, I dont see this selling until an offer is close to the broker note. More patience required, it will come methinks. IMO/DYOR

The company progress is solid, the facts remain and constructive posters like BigShow, Boombang and others have laid them out. Company on track for a strong year, no need to sell, doesnt take a genius to workout they turned down offers £7+. Close to this since the very early days, I dont see this selling until an offer is close to the broker note. More patience required, it will come methinks. IMO/DYOR

The target sale price has been up in lights for years. If the price held where it peaked in Jan or continued up further a deal might have been done close to that target. IMO/DYOR

If you think it would sell for as low as £7 youre clueless about the history of company and its major shareholders. Highly likely the offers they turned down were over £7. IMO/DYOR

£9 came and went lor_9. Clearly you like many were holding out for a premium on that. You cant now blame wealthy major shareholders for not taking a lower offer when the company is doing well and not needing to sell.

Nothing has really changed with the company progress, it is still going well and has been for some time. On track for a great year. The problem is AIM price does not reflect that, only what mms, traders and potential rumours of sale create. If the price had held at £9 rather than dropping 40% in the weeks that followed, perhaps a sale would have been agreed. The sale price target is clearly marked on the broker note and has been sometime

•buyer is no longer comfortable

Sensible posts Boombang and bigshow. Perkylad also makes a valid point not blaming management and to this perhaps if there wasn't a 40% sell off when the price peaked in Jan a deal might have been reached.

20-30% on £8 might have worked but if those discussions took place while the share was in free fall due to AIM selling it creates and impasse where the seller is no longer comfortable with what they might have been willing to pay at £8 premium and AB doesn't need to sell so don't take a lower offer.

AIM is its own self fulfilling cycle. IMO / DYOR

If youre happy with 20% lor_9 its lower risk getting that investing in top 10 US tech stocks. 20% on £5.40 would have been a terrible outcome

Some of the last few posts further reinforce why AIM is not helpful this company.

Agree Boombang. AIM listing is a problem and while I dont blame management for not taking low ball offers selling the company short (Id bet the largest shareholder had more to do with it anyhwo) there should be more on what is next and path to get the value in line with other companies in the industry. IMO / DYOR

It does not take much detective work to see that management are probably not the main drivers of the SR or the outcome decision.

Day to day management have been doing a good job continuing to build the company no easy task. Its more likely the largest long term shareholder his driving much of the SR and outcome decision and he is not known for taking a low ball deal.

Adding to that Im doubtful given the background of the chairman and his regular purchasing /averaging that he is a rush to sell too low either.

although more communication on the growth strategy from here would be good. IMO DYOR

Whose in loss beermunt? Many longterm holders will have far lower average. The one good thing about the AIM silliness is plenty of opportunity to get a low average over the years. The chairman buying again is a clear signal they still expect a good outcome at some point.

The outcome is not surprising. The company is performing well and does not need to sell. The largest shareholders who carryweight dont need to sell. the sale price target of £13 is up in lights. All the company needs to do is keep growing as it clearly is and sooner or later thetarget and the offer will meet. The share price is subject to the AIM nonsense, not the company quality or reality which as stated is offers above the 5.40 price. AIM is holding it back so a move to US markets would perhaps be a welcome strategic solution. IMO DYOR

Ignore the 80m link auto added not intended

Are these the numbers?

ACAST requires 100,759 shows to generate 170m downloads/views and placed 3rd on this ranking

446 employees

2025 Revenue $200m

Market cap: $655m

Valued at 3.2x Revenue?

Audioboom requires only 1,179 podcasts (a fraction of Acast) to generate 228m downloads/views and placed 1st on this ranking

47 employees

2025 Revenue: $80m

Market Cap: $137m

Valued at 1.17x revenue on AIM

It looks far more efficient and with growth potential than ACAST? Not to mention Audioboom does not need to sell, the brokers long term share price target which may indicate the price management would consider is £13/$17 (2.26x current share price). Numbers are expected to grow further. It is in a Strategic review and the indications are it is being looked at closely for a cash buyout.

Something missing? Is AIM a joke?

IMO/DYOR

Not to mention the price is hovering close to 6.50 and a 100% premium is well, £13. Any improvement in the sp makes the £13 more likely IMHO, DYOR

Given the strong continued performance AB is not a distressed seller. It does not 'need' to sell. The broker target is £13 so logically given the company does not need to sell and the profile of the largest shareholders cant see this going for less than £13. IMO DYOR

Gains may have his own view but if you do the research you will find that AIM companies can sell for 100% or more of their share price. Given AB usually announces something by now for updates and is in a strategic review, if the price is at say £6 then a premium buyout offer of £12 seems likely or rather £13 given that is the broker note. IMO DYOR

Precisely longt3

I'll repost for those who seem to be clueless about how it works.

Logic dictates that there is little news because they are in a strategic review. I won't bother explaining it, here is a copy and paste from google:

It is normal for an AIM-listed company to remain relatively silent during a strategic review, though this is subject to strict regulatory requirements. While companies often wait until the review is complete to announce a final outcome (such as a sale or restructuring), they must still comply with continuous disclosure obligations.

Key Reasons for Silence

Preventing Misinformation: Disclosing unfinished negotiations or early-stage options can create market volatility or mislead investors.

Maintaining Leverage: Keeping details private helps the company maintain its negotiating position with potential buyers or partners.

Legal Protections: Companies often sign Non-Disclosure Agreements (NDAs) during a review, which legally prevent them from sharing specific details until a deal is finalized.

Logic dictates that there is little news because they are in a strategic review. I won't bother explaining it, here is a copy and paste from google:

It is normal for an AIM-listed company to remain relatively silent during a strategic review, though this is subject to strict regulatory requirements. While companies often wait until the review is complete to announce a final outcome (such as a sale or restructuring), they must still comply with continuous disclosure obligations.

Key Reasons for Silence

Preventing Misinformation: Disclosing unfinished negotiations or early-stage options can create market volatility or mislead investors.

Maintaining Leverage: Keeping details private helps the company maintain its negotiating position with potential buyers or partners.

Legal Protections: Companies often sign Non-Disclosure Agreements (NDAs) during a review, which legally prevent them from sharing specific details until a deal is finalized.