Member Info for PoeBardem

Booming from 6th to 5th, up to 4th podcast network in the US in less than a year and 80% revenue booked for 2021 in 2 months. Still looks like a bargain valued 3x less than Wondery ($300m) now at 7th IMO? 14th of April trading update could be very interesting.

A-dog1 sells. Meanwhile in Boomtown a £135k buy at £4.50....

Agree Boombangabang, the company is evolving. IMHO chances to buy low are running out.

Big buy yesterday. £714k?

Rushfan - No sense in dwelling on the past. That was old management. Things have changed and Boom is growing up.

Agree with Boombangarang. Just getting started... a Boom coming methinks.

Agree Tovoc, should be £7-8 now. With Boom overtaking Wondery on track for similar revenues this year so even £7-8 could be low?

£13+ but above Wondery now so maybe it will be £19?

$300m = £12-13 for Boom?

Boom now 5th place above Wondery. Wondery sale price $300m....Boom current market cap $86m ?
https://tritondigitalv3.blob.core.windows.net/media/Default/PodcastReports/US_Podcast_Report_January_2021.pdf

Shame it's down under £4 again. A bargain before the next trip to £5?

What 2021 revenues are expected for 2021? $30m+? Last trading update:
'The Company has made a strong start to 2021, having already signed advertising bookings representing over 50% of the current market forecast for 2021 Group revenue'
Wondery acquired for $300m with $40m revenue. AB currently $73m value with $26m 2020 revenue on track for $30m+ revenue 2021.
Price should be 2-3x current even now?

I think £5 much sooner than end of the year!

Wasn't TW discredited?

Hard to argue against the progress in the last year despite Covid

- 2020 revenue of approximately US$26.8 million, up 20% on 2019 (US$22.3 million). Year-on-year growth outpaced the predicted wider industry average growth by 94% (2)
- Global revenue per 1,000 downloads (eCPM) for December 2020 increased to US$39.34, up 33% (December 2019: US$29.60)
- The Company has made a strong start to 2021, having already signed advertising bookings representing over 50% of the current market forecast for 2021 Group revenue

Consistent positive RNS updates for more than a year
Revenues continuing to grow despite pandemic
market growing including Apple, Spotify, Amazon and others expanding podcast services
Audioboom 6th biggest podcast network in US -triton Reports
Experienced Chairman insider continuing to increase shareholding since strategic review process concluded
Audioboom podcasts #1 / #3 on Apple Podcasts last week
How many more hints are needed?

Agree with Boombangabang. Past is the past, it was on AIM to early. More importantly, the company has been going from strength to strength for more than a year. With recent M&A not much imagination needed to see this sp or a sale at 2-4x where it is.

Thankfully they didn't sell it cheap, looking forward to a good market comparable exit.

petwilkinson - you suggest Boombangarang shows a "lack of understanding"

The assumed exit price is in line with recent M&A in the private space like Wondery $300m to Amazon. Wondery is the 4th largest and Audioboom is 6th. It's clear as day in the Triton reports.
tritondigitalv3.blob.core.windows.net/media/Default/PodcastReports/US%20Podcast%20Report_November%202020.pdf

Wondery revenue is "expected to be" $40m in 2020. AB expected to be $25m+ and Wondery were not profitable. Wondery has raised $15m in total. 10m in 2019 with $25m revenue at post-money value of $100m+ at least 2x AB current sp valuation.
AB has raised less ($11.6m) and has to dance around additional "funding options" because it is public and the same criticisms petw makes in the post. All of this information is available with simple online searches. Even if AB is half the revenue of Wondery $150m would be inline with recent M&A for AB or 3x + current sp.

Profit assumptions may affect some share buyer decisions, but I suspect public listing and share price holds the sale back currently, not profit. I would assume the management and controlling shareholders are not interested to sell cheap and why would shareholders want that either? It doesn't take a genius to deduce that acquirers can't publicly be seen to pay 3x or more of a sp. If the sp goes up nearer to recent m&a, a sales is increasingly likely at a premium to the share price. If the sp goes to £5 a 30% premium of £6+ is not an unreasonable assumption.

Frustrating it certainly is Maverick, but it's time will come. It would seem there was no lack of interested parties. It doesn't take much imagination to see this selling once the price is up over £4-5 closer to recent unlisted m&a.

Thank you for correcting RiverOtter

"Notified reduction in shareholding" - New investor comes in Candy is diluted therefore his shareholding change has to be publicly noted.

RiverOtter - You are losing credibility here

RiverOtter - Is this not dilution? Candy shares would be diluted when the new investor comes in.