The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


Search articles by EPIC code

Audioboom takes the piss with misleading trading statement

2021-04-14 09:49:57

Stuart Last, CEO of Audioboom (BOOM), said today that "Q1 2021 was a breakthrough period” as he yakked on about record sales and a maiden EBITDA but when you deep dive into the numbers, you find that Last is clearly taking the piss. Let’s start with vanity, that is to say sales.


Audioboom: no one wants to buy it, the cashburn continues & a new investor well versed in the ways of the AIM sewer arrives

2020-10-14 14:31:47

Well what is not to like? Having tried to find a buyer for this loss-making POS since February 19, the process has now been terminated and the adviser fired. But Audioboom (BOOM) would not wish you to think badly of it as a result.


AudioBoom – as the cash runs out (again), when will the mothers accept that sales are just vanity?

2020-04-07 08:25:57

Audioboom (BOOM) may have dispensed with the services of free speech denying, relative hiring, value destroyer Rob Proctor but his successor Stuart Last is equally obsessed with sales at any cost, regarding cash generation (or lack of it) as seemingly irrelevant. As it happens today’s Q1 trading statement may be the last where he boasts about growing sales…


Audioboom – emphasises “revenue growth” & “EBITDA improvement”. Er… what about cash flow & the balance sheet?

2020-01-20 13:30:40

“Audioboom (AIM: BOOM), the leading global podcast company, is pleased to provide an unaudited trading update for the 12 months ended 31 December 2019” – with it emphasising “91% revenue growth and significant year-on-year EBITDA improvement”. The shares have though currently responded to 237.5p – a few percent lower...


Audioboom chairman Michael Tobin talks complete & utter bollocks

2019-12-20 09:08:36

I have long criticised the cash guzzling daft business that is Audioboom (BOOM) and its senior management, notably the former CEO free speech denying knobhead Rob Proctor. Now it is the chairman Michael Tobin who today talks patent bollocks. Do these folks not realise how ridiculous they look?


Feck off Rob Proctor – Mr Audioboom walks the plank: did he jump or was he pushed?

2019-09-30 09:47:50

Saying that he wished to pursue more entrepreneurial opportunities,  the founder and CEO of Audioboom (BOOM), free speech denying Rob Proctor has quit the company with immediate effect. Feck off Rob, the only question is whether other family members on the payroll (employed on merit natch) will be going too. And what, or who, prompted the departure of Proctor pere?


Audioboom – the scale of the pre placing cash fudge is revealed by shocking interims

2019-07-18 15:40:25

I have noted on this website several times how Audioboom (BOOM) has real form in giving a misleading indication of its cash  position and cashburn ahead of a bailout placing. I warned you that it was up to its old tricks again in the final months of 2018 and early 2019 ahead of two placings which came along as predicted. Now the scale of that naughtiness is revealed with dismal interims out today. Here is your timeline.


Audioboom – placing flops and it still dissembles: Gotcha!

2019-04-30 14:16:44

Last Thursday evening I revealed in a bit of a scoop that Audioboom (BOOM) was trying to raise £8 million at 2.5p. The next morning the company was forced into a statement and said it was trying to raise £5 million at 2.5p. That was not really true - I published the deck the wretched company had sent to potential investors showing it was trying to raise £8 million. Today it fessed up that it has raised just £2.8 million with £1.2 million of that coming from the board and the Candy Brothers chucking good money after bad. What a shower…


Audioboom struggling with placing, forced to scale back, dissembles in face of our scoop

2019-04-26 07:15:53

Yesterday I revealed that Audioboom (BOOM) was running around trying to raise £8 million at 2.5p HERE. The Company has responded with an RNS "Statement re Online Commentary on proposed fundraising." Oh come on CEO Rob Proctor you free speech denying knobhead, surely you can brinmg yourself to recognise which fine website scooped you and forced the statement. The statement natch dissembles as I shall demonstrate below.


BREAKING EXCLUSIVE: Project Coffee - Audioboom set to place again at 2.5p

2019-04-25 15:31:40

The codename for the latest bailout funding of Audioboom (BOOM) is Project Coffee. The presentation, which I have seen, gushes about growth opportunities but that is always the way with this serial deliverer of jam tomorrow. There is no mentioning of burgeoning trade payables. That is always the way with Audioboom and its bailout placings. Anyhow, the company is, according to its jargin filled document "now seeking to raise a ‘growth’ capital round of c£8m at c2.5p per share."  With the stock at 2.3-25p that might be a bit of an ask. Time for an official comment on this ShareProphets scoop methinks...


Audioboom Trading Statement: what it says is bullshit what it does not say is more important – placing ahoy

2019-01-21 01:57:19

Free speech denying, relative employing, value destroying serial bullshitter Rob Proctor of Audioboom (BOOM) is at it again with a trading statement that Nomad Allenby should be thoroughly ashamed of, in every respect.


The mystery of the Audioboom Dog that barked – SMTM mothers!

2018-11-26 01:13:37

Following a week of intense share price weakness, Audioboom (BOOM) has served up, what looks like, a panicked trading statement. It is long on blather but fails to mention the one thing that really matters: the looming cash crisis. This company could be out of money and insolvent by Christmas, indeed sooner, but free speech denying, family on the payroll poltroon of a CEO Rob Proctor fails to address that elephant in the room. I suppose that there is some good news.


Champion value destroyers Audioboom issue another dire warning dressed up in bullshit- bankruptcy looms

2018-10-04 08:31:55

Oh dear, oh dear. At what point will those who have backed this crock of shit decide that it is not worth chucking any more cash down this black hole. I know that free speech denying boss Rob Proctor and his relatives on the payroll need jobs but but this company is just a disaster zone. As he wakes up for a meeting with Karma today, Proctor tries to polish the turd but today’s lack of profits/almost out of cash warning is his worst yet. And that takes some doing given his track record of abject operational failure and of consistent value destruction 


Audioboom – half-year results, “fully funded through to expected cash break even”. You sure?

2018-07-19 13:43:08

Podcasting platform company Audioboom (BOOM) has announced results for its half year ended 31st May 2018, including emphasising “revenue increased by 43% to £2.6 million (H1 2017: £1.8 million)… adjusted EBITDA loss reduced to £2.2 million (H1 2017: £2.6 million)… Fully funded through to expected cash break even”. Hmmm…


Audioboom – “knows of no reason” for share price fall. Er…

2018-07-14 04:41:21

Audioboom Group (BOOM) has announced that it is to announce results for its half year ended 31st May 2018 “on or around 20th July” - and also taken the opportunity to hit out at the share price decline since restoration of trading in its shares on 14th June. Hmmm…


Audioboom - Karma for Rob Proctor with his fecking cornflakes: RTO pulled, almost bankrupt

2018-05-15 03:42:28

I cannot hide my pleasure at today's catastrophic news from Audioboom (BOOM). Media companies should believe in free speech - Rob Proctor's outfit buckled at once forcing me to move bearcast elsewhere. And now Proctor's company faces possible bankruptcy in four weeks time. Ha fucking ha. This is a shambles.


Audioboom – facing cash crunch ahoy again… a proposed reverse takeover

2018-02-13 07:56:43

Spoken word audio on-demand platform company Audioboom (BOOM) has announced a proposed $185 million reverse acquisition of USA-headquartered online audio industry technology provider Triton Digital, Inc. – this following shares in Audioboom having risen from 3.34p to above 3.6p yesterday (hmmm!)…


Audioboom Trading statement - all the money's (nearly) gone

2017-12-18 03:02:27

Low grade Broadcast platform Audioboom (BOOM) has served up a year end trading statement today which is stuffed full of jam tomorrow but cannot hide the fact that it remains a cash guzzling monster and that nearly all the money has gone. Yet another bailout placing is inevitable.


Audioboom: pretentious new sales monkey joins but when's the next bailout placing

2017-10-24 01:00:22

I sense that this is the start of another pump before the dump of yet another bailout placing by the free speech-denying tossers at Audioboom (BOOM). Today we have news that Oli Walters has joined as head of UK sales. Oli pretentious millennial twist on Oliver perhaps? I am sure that he will fit in brilliantly  and help rack up an admin overhead which is now closer to £600,000 a month than £500,000.


Audioboom – following another quarterly update with Rob omitting the meaningful financials, house broker updates…

2017-09-08 00:15:48

Audioboom (BOOM) was able to get its shares up by more than 12%, above 2p, yesterday on the back of a “Third Quarter Update”. Unfortunately though this was achieved by CEO Rob Proctor again substituting jam tomorrow verbiage for meaningful financials – as Tom Winnifrith noted in a BearCast HERE. There has since been an update by house broker Allenby Capital…


The Bearcast the Audioboom pussies pulled after Roger Lawson threatened is back: find out what Roger wants you not to hear!

2017-08-05 01:22:08

Has Roger Lawson of ShareSoc not heard of the Streisand Effect?  Last week his lawyers sent a take-down letter to Audioboom about a bearcast that he asserted ( wrongly) was defamatory and libellous. Since the podcast is more than a year old and so was rarely listened to these days his act was pointless but, more importantly,, Audioboom had no legal liability as libel is time limited by statute.  But Audioboom has no cojones just like it has no FD after the last chap resigned without any explanation given but with immediate effect the other day. We explained this tale of media cowardice in full HERE.  However...


BREAKING: Now Roger Lawson & his lawyers get Audioboom to get Bearcast taken down

2017-07-27 06:38:13

Roger Lawson of ShareSoc is determined to use his wealth to stop publication of legitimate comments about his writing and share dealing activities and has thus threatened me, Tom Winnifrith with both a libel case and an injunction for harassment. 


Audioboom - CFO walks with immediate effect - why?

2017-07-27 00:13:01

Audioboom (BOOM) has today announced that CFO, David McDonagh has left "with immediate effect". It says it is looking for a replacement but gives no reason for the departure. And oddly this resignation occurs just one week after the company published interims. It was clearly not planned.


Audioboom – interims, ‘ideally placed to be a leading player in next evolution of the internet’?

2017-07-20 07:49:44

Audioboom (BOOM), which describes itself as “the leading spoken word audio on-demand platform”, has announced results for its half year ended 31st May 2017, with CEO Rob Proctor arguing “we are ideally placed to be a leading player in this next evolution of the internet”


Audioboom – Q2 update & summary of some commissioned research. Er, how about some cash information Rob?

2017-06-07 05:15:27

Audioboom (BOOM) has updated on the second quarter of its year, emphasising “strong performance for the first quarter of the year continued”. However, the shares have currently responded lower. Hmmm…


Audioboom – results more than five months after its year-end, the accounts show why…

2017-05-03 03:00:29

Spoken word audio on-demand platform company, Audioboom (BOOM) has announced results for its year ended 30th November 2016. Hmmm – more than five months after the year-end then, rarely a good sign…


Audioboom – BOOM! Discounted fundraising follows bullish ‘KPI’ update earlier this month

2017-03-21 04:44:50

Noting the balance sheet position (and related-party transactions) suggested continued caution, I previously updated on spoken-word audio platform company Audioboom (BOOM) earlier this month as the shares were recovering above 3p on the back of a “First Quarter KPI Update” announcement. Now BOOM – it’s discounted placing ahoy!...


Audioboom – claims “impressive KPI performance”, but what about cash?

2017-03-03 06:31:52

Shares in spoken-word audio platform company Audioboom (BOOM) are currently recovering above 3p on the back of a “First Quarter KPI Update” announcement. Hmmm, let’s take a look…


Audioboom – progress towards 100% acquisition in murky related-party transaction

2017-02-24 07:51:47

Audioboom (BOOM) has updated that it “has received a further acceptance of its offer to purchase the entire issued share capital of SONR” and “is in the process of exercising the squeeze-out rights… to acquire, on a compulsory basis, the remaining balance”. It looks like the 100% acquisition in a murky related-party transaction is thus nearing completion…


Audioboom – related-party bailout & acquisition with marked uplift from “nominal consideration” in sub 6 months

2017-01-25 04:28:46

Having last month noted on spoken-word audio platform company Audioboom (BOOM) that nearly all the money’s gone AGAIN, I note an announcement today of an agreement to acquire SONR News Ltd for an all-share £1.42 million and the issue of a £1 million, 10% interest, convertible loan note...


West Ham, the Hindenberg, Red Ed and Audioboom - odd one out contest result

2016-12-18 04:23:24

No-one quite got the exact answer I was looking for which explained why the Hindenberg was the odd one out in the four images below. The wrong answers are here.


Audioboom – claims “reached a crucial tipping point”. Er, yep… nearly all the money’s gone AGAIN!

2016-12-14 05:58:50

Previously writing on spoken-word audio platform company, Audioboom (BOOM) I noted “agreement for investment from China ‘not yet been reached’, surely not to be cash crunch ahoy AGAIN!”. The company is now “pleased to provide an update on its Q4 KPIs and trading for the year ended 30 November 2016” and, well, er…


Audioboom - Horseshit Trading Update from cashburning central

2016-10-11 03:51:14

Later today I shall record another most excellent Bearcast using the Audioboom (BOOM) platform which to date appears to have generated advertising revenue for me of er...nothing at all. That is somewhat below what I was led to expect but who cares, I bring you my expletive ridden thoughts for the sheer pleasure of it. Let's start early today with the tourette's: The Audioboom trading statement is just plain shite.


Audioboom – agreement for investment from China “not yet been reached”, surely not to be cash crunch ahoy AGAIN!

2016-10-03 03:20:36

On 5th August Rob Proctor, CEO of spoken word audio platform Audioboom (BOOM), was “pleased to report that Audioboom has made further tangible progress in H1 2016, growing revenue, securing significant new content partners and further broadening its geographic distribution”. However, the financials showed it was cash crunch ahoy. Less than an hour later it was placing ahoy and there is now a “Strategic investment discussions update”


Audioboom growth rate is too slow and cash burn too high

2016-08-29 07:47:53

Often it can be hard to value companies in the media sector, and at times quite a lot of future revenue potential is being factored into the current share price and the rate of growth plays a big part in that.


Audioboom - drowning in red flags - where to start: sell

2016-08-05 03:03:24

I noted a week ago, here, that Audioboom (BOOM) shares were weak and that since it was running out of cash I reckoned a placing was afoot. Lo and behold there is indeed a £2.55 million placing at 2.5p today but there is also a stream of other announcements which are a red flag festival. This is a horror story.


Audioboom – CEO shares purchase a vote of confidence… or not?

2016-03-29 07:35:12

Shares in spoken‐word audio platform company Audioboom (BOOM) currently trade more than 20% higher at 3.5p on the back of an announcement that its Chief Executive Rob Proctor has purchased 650,000 shares in the company at 2.98p each. Hmmm…


Audioboom 2015 results & Q1 2016 update, it reckons ‘obvious delight’, I (& the market) again disagree…

2016-03-08 05:14:50

Rob Proctor, CEO of spoken-word audio platform, Audioboom (BOOM) states “I and the team are obviously delighted with our progress during Q1. With the appointment of commercial directors in the USA, UK and India, combined with increased activity of the Cumulus media sales team, I believe that Audioboom is now acutely focussed on the key elements of its business, allowing it to target revenue growth and long-term profitability for shareholders”. The shares though are currently down more than 10%, at 3.125p. Hmm…


Audioboom Group – another agreement announced, but cannot fool all of the people all of the time

2016-02-03 04:50:02

Audioboom (BOOM) has announced “it has been selected as one of 11 podcast/spoken word content partners for the new look Google Play application in the USA”. This follows an announcement last month of the signing of a partnership Heads of Terms with leading Indian film company Eros, but the shares are continuing to head lower – currently at 3.375p having commenced the year at more than 4p and been briefly over 16p in 2014. The following reviews…


Zak Mir's Bulletin Board Heroes: Argos Resources, Audioboom, Earthport, Ortac Resources, Sareum, Sovereign Mines of Africa

2016-01-07 02:31:22

Featuring shares in Argoes Resources (ARG), Audioboom (BOOM), Earthport (EPO), Ortac Resources (OTC), Sareum (SAR) and Sovereign Mines of Africa (SMA) with share price targets for all six stocks.


Zak Mir's Great Request Show: Audioboom, Avanti Communications, IQE

2015-12-19 06:23:20

If you want me to analyse a stock for you just drop me a line at - Today I look at shares in Audioboom (BOOM), Avanti Communications (AVN) and IQE (IQE) setting share price targets for all three stocks.


Rob Proctor of Audioboom breaks AIM Rules with Justin the Clown

2015-12-17 00:48:12

A kind reader points out that Rob Proctor of Audioboom (BOOM) has committed a clear breach of AIM Rules in a podcast recorded with Justin the Clown on ADVFN on Tuesday this week following the latest dire (lack of) profits warning.


Audioboom Group – year-end trading update; CEO Rob Proctor claims “success”, I (& the market) disagree…

2015-12-14 08:20:52

Spoken-word audio platform group Audioboom (BOOM) has updated first on its ‘KPIs’ (including the likes of record total monthly and quarterly listens, 859 new content channels added during the quarter and over 275,000 new registered users signing up) and then on its financials & outlook; including “revenues increased significantly on the previous year but are below market expectations” and “shift in timing and pace of adoption will have an impact on expected full year revenues for 2016”. Uh-oh…


Zak Mir's Bulletin Board Heroes: Audioboom, Arria NLG, Falcon Oil & Gas, InternetQ, Westminster Group

2015-12-06 04:52:33

Featuring shares in Audioboom (BOOM), Arria NLG (NLG), Falcon Oil & Gas (FOG), InternetQ (INTQ) and Westminster Group (WSG) with share price targets for all five stocks


Zak Mir's Bulletin Board Heroes: Audioboom, Bellzone Mining, Hague & London Oil, Pantheon Resources, Scancell Holdings, Sovereign Mines of Africa

2015-10-15 23:33:18

Featuring shares in Audioboom (BOOM), Bellzone Mining (BZM), Hague & London Oil (HNL), Pantheon Resources (PANR), Scancell Holdings (SCLP), Sovereign Mines of Africa (SMA), together with some share price targets.


Audioboom Group – update following quarterly KPI’s and a director resignation

2015-09-22 04:10:46

Since I previously updated on Audioboom Group (BOOM) and its “global strategy to create the world's first audio content syndication and advertising network”, the company has announced ‘Quarterly key performance indicators’ and, today, a ‘Resignation of director’…


Zak Mir's Great Request Show: Audioboom, Infrastrata, Savannah Resources

2015-09-17 04:47:12

If you want me to analyse a stock for you just drop me a line at - Today I look at Audioboom (BOOM), Infrastrata (INFA), Savannah Resources (SAV)


The Pizza hardman meets Rob Proctor of Audioboom

2015-09-10 06:24:35

AudioBoom (BOOM) is a perplexing company. It feels like a tech start-up but, rather than pursue round after round of venture capital, AudioBoom last year instead listed on AIM. It currently sits at 5p per share. Two days ago, it was announced that YOLO Leisure & Technology (the Candy Brothers) had bought one million shares at 3p each.


Audioboom Group – substantial existing equity stake placed out… but at a substantial discount…

2015-09-07 03:59:24

With its shares have risen towards 17p last year and commenced 2015 at more than 10p, a bearish stance on Audioboom Group (BOOM) has proven wise since – with the shares slipping below 4p last month. The announcement of the placing out of an existing equity stake of 10.8% in the company has though currently helped the shares recover a further approaching 17%, to 5.25p, but does this change the picture here?


The Russell Brand Kiss of Death - watch out Audioboom

2015-07-13 06:54:14

Russell Brand, hero to millions, and thought leader of our time, has an envious track record. That is a track record of supporting something and it then going horribly wrong. Will the Brand kiss of death also curse Audioboom (BOOM)?


Audioboom Group – warning on financial performance wrapped in a new partnership announcement

2015-07-13 04:29:35

Since I previously updated in June HERE, Audioboom Group (BOOM) has warned on near-term financial performance – though at the end of an announcement of “an agreement with Cumulus Media Holdings, Inc., the second largest radio group in the USA” from which “we expect to benefit from a considerable increase in monthly listens and registered users but also a steady flow of advertising revenues”


Zak Mir's Bulletin Board Heroes - Audioboom, Blinkx, Cap-XX, Castleton Technologies, Netscientific, Proxama

2015-07-12 23:46:49

Featuring Audioboom (BOOM), Blinkx (BLNX), Cap-XX (CPX), Castleton Technologies (CTP), Netscientific (NSCI), Proxama (PROX)


Audioboom Group – claims ‘KPI’s’ booming, but what about the financial performance?

2015-06-06 01:37:34

Audioboom Group (BOOM) has announced “key performance indicators” for the second quarter of its year to end November 2015. How helpful though are these in assessing the investment promise on offer?


Rob Proctor of Audioboom: There will be no deals done below 12.5p and we have no plans to initiate any in the short term

2015-03-02 01:33:52

It is Doc Holiday here. Let me declare that I have a small shareholding in Audioboom (BOOM) and I met up with its boss Rob Proctor last week to create the interview below. I rate the shares as a buy and while I know that some on ShareProphets disagree I am glad that because it is a website dedicated to free speech and a two way exchange of opinion, it is running this article.


Audioboom Group – a far from booming current financial performance, will this change?

2015-02-24 05:05:43

Audioboom Group (BOOM) – which describes itself as “the leading spoken-word audio on-demand mobile platform” - has announced results for an 11 month period ended 30th November 2014. Does “a period of continued growth in its active userbase and content partners” suggest long-term investment promise or is this another over-hyped social media play?


Audioboom stops hitting a man in the crowd and responds to Bear Waz Shakoor

2014-12-18 03:07:17

You will note that the by-line on this article is mine. Just as it was on yesterday’s where I then reprinted the words of my pal Waz Shakoor. Presumably all the bears of Audioboom (BOOM) will now go attacking me too. What follows is actually a response from Audioboom CEO Rob Proctor. It is a response I asked him to pen.


The Short case for the AudioBoom bears

2014-12-17 05:35:07

My pal Waz Shakoor has posted a precis of why he has gone short of Audioboom (BOOM) over on TMF. As ever his research is detailed and interesting. The Great Waz writes of a company which at 11.5p is valued at £62 million on the AIM Casino:


Audioboom - video of presentation from ShareProphets seminar

2014-10-30 07:42:41

Audioboom (BOOM) was the second company presenting on Monday night at the ShareProphets seminar and its talk was followed by a lively Q&A. We hope you take something away from the video of the event.


2011-10-07 07:40:46

About ShareProphets

Contact Us

Advertise With Us

Send Us A Tip


Terms of Service

Privacy Policy

Cookie Policy

Forgot My Password

Forgot My Username

Resend Account Validation Token

Site by Everywhen