Luke Winchester's 'Most Exciting Stock' on LiveWire today:
WHAT’S YOUR MOST EXCITING STOCK CURRENTLY?
AI Media Technologies (ASX: AIM)
Market cap: $78 million
Another small holding in the Merewether fund, Winchester recently took a small position in the provider of captioning services to media companies such as Channel 7, Channel 9, and Foxtel.
When AIM floated, the firm was a “human labour business” but that has changed in recent years on the back of a 2021 acquisition. The US-based firm, EEG Enterprises, owns an automated captioning business that has improved the accuracy by almost 10% - at a fraction of the cost. As an example, Winchester notes live captioning of an event such as the latest US Super Bowl would traditionally cost around US$80 an hour.
“Whereas AI media sells their automated captioning at $8 an hour, they're 10 times cheaper, as that accuracy is now overtaking humans.”
https://www.livewiremarkets.com/wires/the-best-asx-micro-caps-you-ve-likely-never-heard-of
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Last
41.8¢ |
Change
-0.023(5.11%) |
Mkt cap ! $91.87M |
Open | High | Low | Value | Volume |
44.0¢ | 44.0¢ | 41.0¢ | $39.23K | 93.61K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7820 | 41.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.5¢ | 282 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 13198 | 0.410 |
2 | 26404 | 0.400 |
1 | 282 | 0.390 |
1 | 5000 | 0.385 |
1 | 15000 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.425 | 282 | 1 |
0.435 | 7178 | 2 |
0.440 | 32174 | 2 |
0.445 | 30981 | 3 |
0.450 | 84180 | 4 |
Last trade - 12.24pm 16/08/2024 (20 minute delay) ? |
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