Consistent performer | Bucking the trend | Patience needed
Results from AIM covered here include those of a company which has been a consistent performer over a number of years. However, those investing in the shares with an eye on benefiting from potential Inheritance Tax planning reliefs should perhaps be wary.
Audioboom: bucking the trend Shares in podcast company Audioboom (AIM: BOOM) continue to hold up in the current fragile small cap market, supported by some excellent results. . Revenue for the year ending 31 December 2021 climbed 125% to US$60.3m with a maiden annual profit before tax of US$1.7m. Average monthly downloads on its platform for the fourth quarter increased to 113 million, up 39% on the comparable quarter in 2020, and global downloads in October 2021 reached a record 115.7 million. However, of even greater significance from a commercial standpoint, average revenue per 1,000 downloads in the fourth quarter rose…