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
30.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.68M |
Open | High | Low | Value | Volume |
30.5¢ | 30.5¢ | 29.0¢ | $120.2K | 397.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 101272 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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32.0¢ | 90796 | 4 |
View Market Depth
No. | Vol. | Price($) |
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4 | 101272 | 0.290 |
1 | 10526 | 0.285 |
3 | 77703 | 0.270 |
2 | 11950 | 0.260 |
2 | 32000 | 0.250 |
Price($) | Vol. | No. |
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0.320 | 90796 | 4 |
0.325 | 19500 | 1 |
0.335 | 28000 | 1 |
0.340 | 40000 | 2 |
0.350 | 134993 | 4 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
29.5¢ |
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Change
0.000 ( 3.28 %) |
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Open | High | Low | Volume | ||
30.0¢ | 30.5¢ | 29.5¢ | 30516 | ||
Last updated 15.56pm 17/06/2024 ? |
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