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
Luke Winchester's 'Most Exciting Stock' on LiveWire today:...
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Last
34.0¢ |
Change
0.005(1.49%) |
Mkt cap ! $70.99M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 35.0¢ | 33.5¢ | $187.0K | 543.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14925 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 7747 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| AIM (ASX) Chart |