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I missed this from last week;
10/04/2024 "Seasalt appoints Brave Bison for paid social as part of UK clothing brand’s overseas expansion push"
Correction: bought 200k shares.
Been in for years now and love the steady and consistent growth of this company.. bought another 400k shares as I believe results will be good and more good things to come!
Full year FY23 results out Monday first thing.
Trading update issued in Mid January gives you an idea as to where the numbers are going to be.
Look at the equivalent releases for last year, and you will get a feel for the growth trajectory.
At c£35m market cap, it is still a SmallCap company, but it is growing, and in the right space in terms of tech advertising.
Based on fundamentals, SP should go north of 3p. Test will be to see if the IR team can widen the circle of interest, so that any gains are locked in.
Best of luck
A flurry of buys coming in .is there news coming in.
I've heard that this company is in many large orgs bidding for work, AI & Marketing is about to revolutionise how companies push content out to their visitors and Brave seem to be at the centre of it.
I'm in the industry and Brave are mixing with the big boys and if they can land some deals then this is going to move north nicely.
IMOO
This is a company going places, and at this price it is currently under-valued.
Last Trading Update at the end of January '24 sign-posted EBITDA for Financial year ending 31-12-23 as being £4.3m up 43% on the previous year (FY22), which was 70% up on FY21. These numbers should be confirmed in their results announcement due out end of next month.
They also had c £6.8m of net cash in the bank at the year end.
The business is a Centre of excellence for Digital Marketing.... Helping well known brands get the best return from their advertising spend on social media platforms. So pretty leading edge / contemporary activity. Arguably it is a "Tech" business, albeit asset lite, and focussed on acquiring and managing customers.
Management have plenty of skin in the game, owning c20% of the share equity between the Green Brothers and the Finance Director.
If it were put up for sale tomorrow, on a multiple of 10x EBITDA plus cash, the price tag would be £50m. The current growth trajectory only pushes this number north.
Current Market Cap is just shy of £30m. - so a 66% upside in a growing, profitable, cash generative company operating in the digital space.
That's why I topped up today!
Big afternoon buy again today at full ask
Hopefully IC article inspires a few more
Tide turning and about to break up?
60 mill trade?
Https://www.investorschronicle.co.uk/ideas/2024/02/12/brave-bison-s-rally-is-far-from-over/
GLA
Oh i was absolutely ignoring and have been slowly adding here, was just curious if any had any observations on other shares with that lot. Seems mental that people pay for it with what is demonstrably bad info.
Anyhow, great day again here again, onwards and upwards
Just ignore DrJD as it is wildly incorrect. Must be using incorrect financial data, and as it is all AI driven no sense check to validate before publishing. Forecast PE ratio is 10. However, allowing for net cash of £6.8m on £35m market cap this is reduced even further to about 8. Still looking very cheap given the growth. Could almost double from here simply from multiple revaluation and definitely a good chance if they announce a trading ahead at some point in the next 6 months.
Well, after being here for some years, this is finally starting to pick up. A solid stock that remains undervalued.
Just noticed quite the hit piece on simply wall st. Quoting PE of 37, multiple red flags and an article entitled "Risks to shareholder returns are elevated at these prices for BBSN" from 26/1/24. Pretty sure its all AI driven, anyone paid any attention to this lot on other shares?
Nice upward momentum today
It's notable that Simon Thompson hasn't written an article following the trading update. I wonder if he plans to include it in his 2024 Bargain Shares, normally published in early February. BBSN certainly hits his criteria of strong balance sheet and lowly valuation
Indeed, BB did hoof it out of the park. https://twitter.com/LEMMINGINVESTOR/status/1749772191246205289
Great update and incredible value. I've added 2m shares this morning :)
Good results showing steady consistent growth, shame the share price always drops before results so the uptick only ever takes it back to where it was rather than the next leg up.
NEXT NEW FEATURE on https://lemminginvestor.substack.com 🚀 Brave Bison redefine digital influence.
https://twitter.com/LEMMINGINVESTOR/status/1744470693146669081
This Company has a number of things going for it:
- Profit making (made £1.5m in the 6 months to end of June 23 - up 14%)
- Acquired SocialChain (owned by Dragons Den's Steven Bartlett) in Feb 23 for an initial consideration of £7.7m, funded partly from placing of £4.75m @ 2.3p which was strongly oversubscribed
- Over 60% of the Company shares are not in public hands - a combination of Directors and II's
- At the time of the acquisition the CEO said he expected turnover to now increase to £40m for the year to Dec 23 - the half year results in June 23 reiterated this expectation
- Current MCap £27m - will this rise over the next couple of months in expectation of this increased turnover/profit?
This share needs some serious traction/volume to break out of this, it's being controlled by one investor.
Greens buying more again. come on bbsn.
Hopefully now heading back to around 2.4p
The greens and associates buying more.shows confidence.