IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
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Ouch, that’s was very hurtful. Hope that you got the name calling out of your system. Such mastery of the English language. Did you get that from the dummies guide to insults ?
Growingball is another sad twa). Just hear to warn others for no reason other than the goodness of his heart. What a to66er. lol.
Desperate attempts by shorters to create FUD - new shorts opened on IG today.
Good insight on how these gangs operate on this page - https://x.com/AbuseMarket
Usually they are quick to post good news , nothing for 6 weeks and no director buys . Excitement gfor Q2 is muted
Hoping for a June update like last year
That was just a free advice about life choice, not an invitation to start online discussion with you.
Nothing personal just that I really can't afford the time.
Sorry if I have offended , for all I know you may be elderly and staying by yourself and this is the only medium you use to have communication with people.
Stay well.
Were you still dreaming about all your riches ? Perhaps you should get up earlier as well… wake the f£&k up !!
Ostrich syndrome. LOL
Q2 need to be a clean set of results. Record revenue and increase in cash otherwise markets will get bored
Wash, Rinse, Repeat. Yawn - a bit like your posting history on BOOM.
"pathetic AIM listing"
"losses are increasing year on year"
"no true value"
"pretty abysmal performance for the stock so far this year"
Time to move on growingballs. You're the boring one.
Growingballs,
Yawn, You must be really bored to spend so much time on a BB of a share you do not own.
7am in the morning and you are up posting on a BB for a share you have no interest. Life is too short mate, get a hobby or something. If you have the money to invest, use your time usefully to research on where to put your money since you have ruled this one out.
All eyes on the update in 6 weeks time. You mean the standard pump and dump to make a 20% profit for the traders. Wash, Rinse, Repeat. Yawn.
Interesting article and some good points made by the author. You can get around the paywall if you copy the link and paste it into google. If you click on the first result that comes up, the article should be available in full.
From doing some research online (LinkedIn, etc.) it seems the Podcast Show in London was a success and the industry appears to be growing rapidly. I also saw a quote from the new Audioboom VP for UK Sales (Shaun Wilson) about a new product they've just launched:
"Mike Newman and I led a panel with No Such Thing As A FISH celebrating 10 years of the iconic podcast with the FISH engaged and as funny as ever. We launched a new product.. Audioboom Echo a scalable audience buy which allows brands to leverage the hosts reads of our top tier talent across a package of relevant podcasts."
All eyes on the Q2 update in around six weeks time.
Https://www.investorschronicle.co.uk/ideas/2024/06/05/how-sound-a-stock-is-audioboom/
This podcast distributor looks to be at the start of an uptrend, and the fundamentals are supportive, says Michael Taylor
The market is certainly hotting up despite the uncertainty of the election. The televised debate on 4 June passed without either side landing any knockouts, with many phrases repeated (one 10 times) and exaggerated sighs representing more of a pantomime than a serious discussion. When the choice is between these two court jesters then the only loser is Britain. And with Mr Farage re-entering the scene it looks like comedy value will only increase. Certainly, both parties have upped their meme game – a game Labour appears to be winning at the moment. But do eyeballs translate into votes? Potentially, yes. Unfortunately, if lies are repeated often enough, they become believable. This is known as the ‘illusory truth effect’, where, when we are repeatedly exposed to false information often enough, we come to believe it to be true.
In any case, the market has shrugged off the election for now. But if we have learned anything about polls it’s that they can’t be relied upon, as we saw with Brexit and Trump. We also can’t rely on how the market may react to these, as the S&P 500 often fell when Trump posted gains. Yet the market went up on Trump’s election as the narrative shifted to what he would do for markets, rather than the worry priced in pre-election.
Click on link for full article
Hedge funds bet against London
There’s no two ways about it. For American investors, the U.K. stock market hasn’t exactly been the place to be, with underperforming indices and a troubling dearth of new listings in the last few years.
There are reasons for that, from lower liquidity to the country’s relative inability to scale tech companies. But it’s possible to take Britain-bashing too far, as some Wall Street bears are discovering.
According to information obtained by the Financial Times, some of the world’s biggest hedge funds have been caught off guard by sudden valuation increases in British stocks they bet would fail.
Shorting involves borrowing a stock to sell in the market then buying it back before a deadline in the hope its value has fallen.
In recent years, the U.K. stock market has appeared to be a fertile hunting ground for short sellers. British stocks have lagged U.S. peers, partly because the latter have benefited more from the recent AI boom.
Shares in the S&P 500 have jumped close to 24% in the last 12 months, while the FTSE 100 is up just over 8%.
Commentators have also decried the London Stock Exchange for its lack of liquidity, with several major companies, including travel company Tui, delisting or avoiding IPOing in London and opting instead for other exchanges. Public listings have dropped 25% in the last 10 years, as exits have exceeded new flotations.
Is London back?
Data from S&P Global Market Intelligence, viewed by the FT, shows some major U.K. companies, including BT, Abrdn, and Ocado, are attracting significant short interest.
Abrdn shares are down more than 10% in the year to date, while shares in Ocado are down more than 50%, fueling speculation that they could fall further.
But the paper reports that it’s other companies—namely those that have been M&A targets, particularly in the mid-cap range—that have burnt hedge funds like Millennium, GLG, and Gladstone Capital Management.
The underperformance of U.K. stocks has made an awkward tightrope for investors to walk.
While low and falling valuations have offered opportunities for short sellers, bargain-hunting companies are increasingly eyeing their own opportunities to acquire those U.K. firms on the cheap.
Groups including Darktrace and Hargreaves Lansdown have been the subject of takeover bids in recent months, sending their valuations soaring and leaving short-selling hedge funds on the ground.
The FT reports those offers have been particularly damaging for Millennium, GLG, and Gladstone.
For hedge fund investors who avoided the rush to U.K. mid-cap firms, the move has never made much sense.
“Shorting any U.K. mid-cap is insane, literally insane,” an unnamed hedge fund executive told the FT.
He explained the relatively small size of most U.K. stocks meant the risk-reward balance was highly unlikely to pay off.
“Your sell case has to be unbelievably compelling and feature the stock going do
More positive news re London via m&a not so good for shorts..
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No doubt Audio Boom is one such company which has high marketing/advertising potential and the outlook hopefully will be great in next set of results, i guess this probably puts it in the category of being taken over or swallowed up by another competitor, i am not insinuating that it will get a bid not at all but it has the potential and may be vulnerable at these low prices of being taken over at a cheap price especially when there are only 16m shares in the market. DYOR
Stuart Last did say M&A activity within 12 months beginning of the year.
Had a fantastic run on GPL&PFC recently. I will be moving profits into AB on any dips.
Hedge funds are increasingly wary of betting against UK stocks after being burnt by a wave of takeover bids at companies targeted by short sellers.
Millennium Management, GLG and Gladstone Capital Management are among funds to have been caught out in recent weeks as stocks such as fund supermarket Hargreaves Lansdown, cyber security provider Darktrace and video game services company Keywords Studios soared after attracting offers.
Hedge fund managers say that while all three companies have had difficulties recently, knockdown share prices are piquing the interest of these groups’ foreign rivals or private equity buyers, making it a risky business to bet on share price declines.
“Shorting any UK mid-cap is insane, literally insane,” said one hedge fund executive who specialises in shorting stocks.
“The numbers [valuations] are just so low in the vast majority of cases that a $2bn UK company is peanuts for any mid-sized American company. Your sell case has to be unbelievably compelling and feature the stock going down at least 50 per cent” or there is a risk you lose 50 per cent if the stock gets bid for, the person added.
Shorting involves borrowing shares and then selling them in the market, in the hope of buying them back at a lower price.
M&A involving a UK target is 84 per cent higher this year than it was during the same period in 2023, according to data from London Stock Exchange Group, based on value of deals. “The UK public-to-private market is especially busy right now,” said Stefan Arnold-Soulby, partner at law firm Paul Weiss.
The wave of dealmaking has come in response to a yawning valuation gap between UK stocks and markets elsewhere — particularly the US. London’s FTSE 100 index trades at 12 times the estimated earnings of its members for the coming year, according to Bloomberg data. Wall Street’s benchmark S&P 500 index, in comparison, trades at about 21.8 times forward earnings.
Josh Jones, a portfolio manager at Boston Partners, said his bets against UK stocks were at near-record lows relative to his bets on rising prices.
“We bet against two types of companies: extremely overvalued stocks with a low risk of being bought, but there are not many of them in the UK market right now; or against businesses with fundamental issues or bad balance sheets
2024 losses on bad contracts were prebooked in 2023 and they’ve removed more minimum in guarantees so 2024 figures should present much better
Try again
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Its only a matter of time before it becomes impossible to ignore
Would say thats nonsense growingballs. Common sense its doubtful these major shareholders would accept less than £10
https://audioboomplc.com/major-shareholders/
More likely it moves to a US market. At some point it will be on the up again
Pretty abysmal performance for the stock this year so far. Having got in December my holdings are 10% down, despite what people say is great news and great results. Well the market doesn’t seem to think so. The only way out for an investor at the moment is rumours of a takeover, there’s no rush though as there hasn’t been any such rumour for years since the offer of AAA and LVHM, and we know what happened there. In all seriousness, the losses are increasing year on year for AB, I wouldn’t put it past them to take offer with a premium of 40% to todays price, given that there’s nothing the BOD seem to be able to do to pump it any higher. A typically unexciting stick to be in.
“The market is seeing many stocks breaking out and some are moving upwards even on no news, which is certainly a change in the last few weeks.
One stock that has not moved in recent weeks is Audioboom (BOOM). This is a podcast distribution company that is now trading from its strongest ever position.“
https://www.investorschronicle.co.uk/ideas/2024/06/05/how-sound-a-stock-is-audioboom/
They need to move to this exchange, the UK market is not appreciating AB. They will be profitable.