Bidstack Group Share Chat (BIDS)

I would suggest helx disappearance is a sign that the battle has been won. Presumably his contract came to an end at the end of July, and the derampers (Allbran included) have been moved on to a new target.

https://twitter.com/hassardnigel/status/1556941740497592320?s=21&t=Jy0aRn68zMeEUMf8ZIJfPA

Steve if you are referring to moi , I don’t post often but here a long time and yes I have an awful lot of these as well.

DRB83,

You do realise that placings aren't the only way to raise funds?. There's certainly nothing which I've read which would suggest a placing is coming, quite the contrary.

Nice try

DRB on overtime and now Jonny 1 post appears.

Or BUY and hold ??

You lot can't see the wood for the tree's. Todays RNS had a glaring omission. No mention of any deal with a triple A studio.

Draper did mean Azerion when he was talking about a triple A.

Time to accept it and move on.

Forward thinking business, massive growth potential… but and hold.

Yes, I was wondering what revenue would be required for breakeven.

If admin costs are say £12m in 2023
Op margin is maintained at 40%

Revenue required to breakeven would be £12/0.4 = £30m.

I believe expected revenue for 2023 is £24m (not sure) so this would stack up with what the board are saying. 2024 will be the first profit imo.

The question for me is, can the bod manage the business to 2024 with the £4-4.5m cash they had in July.

Thanks , didn’t spot that reading on I phone, but I’d expect costs to navigate towards break even if not by year end , certainly H1 2023 . All good imo GLA

Juno, operating costs have halved? Can you elaborate please. Are you comparing 6 months to FY?

Also, the loss per share, you are comparing apples and oranges. 0.3p is 6 months 2022. 1.21p is 12 months 2021. Also, the weighted number of shares are significantly more in 2022 Vs 2021 due to the huge number of shares issued in July21.

Juno11,

Extract from today's RNS:

The interim results have been prepared on a going concern basis which assumes that the Group will be able to continue trading for the foreseeable future. Although an operating loss has been reported for the reporting period and an operating loss is expected to be incurred in the 12 months subsequent to the date of this report, the Directors believe, having considered all available information, including the cash resources currently available to the Group and the Company's proven ability to raise further equity funds from its supportive shareholder base, that the Group will have sufficient funds to meet its expected committed and contractual expenditure for the foreseeable future. Thus, the Directors continue to adopt the going concern basis of accounting in preparing the interim financial report for the period ended 30 June 2022.

These are the directors words, not mine:
Although an operating loss has been reported for the reporting period and an operating loss is expected to be incurred in the 12 months subsequent to the date of this report,

The directors are expecting to report an operating loss 12 months out.

And this:
and the Company's proven ability to raise further equity funds from its supportive shareholder base, that the Group will have sufficient funds.

Basically, the directors are preparing shareholders that a placing may be required in the near future. Some on here are convinced that a placing will definitely not be required.

There is a risk and it's only fair to highlight it so investors can discuss and make informed decisions with their hard earned money. Rampers won't like it.

Unless I have missed it , I didn’t read any where mentioning a raise. I also note unless someone else has mentioned it operational costs has more than halved and loss per share is 0.3 as opposed to 1.21 . Given as stated revenues are going to ramp up H2 those numbers are are going to be closer to Zero . What is not to like about that ?

Agreed Bottomz. This tool is as fake as it comes.

Didn't take long for the deramper comment. I disagree, I believe the market is bothered about cash flow. Lots of questions around whether a raise will be needed here. I think the business looks good. A good fast growing industry to be in and great potential here. I saw an issue with cash collection and wondered if anyone else did or maybe some lth's could explain it. No one has yet. All I have received is 'dont worry it isn't a issue'.

If you're one of those investors that just ignores the bad and just focuses on the good then ALB

Posted 11 times on here in the last 30 days.....all today!
So yet another deramper spotting the huge potential for exponential growth with Bids, so wants in lower.
Invents an issue, that the market doesn`t give a flying rats arris about, in order to create fear, uncertainty, and doubt...a FUD poster!

Its all part of the AIM game, but he knows the in-game advertising game is the place to be...thats why he`s here.

We appear to be paying our invoices within 30 days for the majority anyway. There may be agreements where certain suppliers don't invoice us for a month or so after the usual 30 days. This could explain the accruals and this would certainly help our cash flow. My main concern is not about payables, we are in control of when we pay money. My main concern is cash coming in. This is all about maintaining a healthy bank balance to avoid the need for a raise. If you are pinning all your hopes on Azerion revenue coming into the bank promptly then let's hope we haven't made any agreements with them that allow them to pay after 60 or 90 days because a raise would certainly be on the cards.

Share4, take a look at the cash flow. Receivables are increasing whilst payables staying flat. You say this is a good thing but this is not good for cash flow.

Anyone serious about their investment here should at least raise this as a question and not just assume everything is all rosey because sales have increased abit.

Cash is king and we need to see trade receivables alot lower than it is.

Accruals are pretty standard practice for any business. I never said there was anything odd about them. I haven't questioned the accruals.

Like I said, regardless of what system is used, if an invoice is due to paid in 30 days then I don't care if they pay Bacs, Chaps or even cheque as long as I receive the money.

If you believe the Bids system is responsible for the £3m debtors when they only have £2m sales then please elaborate.

To summarise what you're saying DRB

Oh we're not collecting money this is bad

But I'm just going to ignore the fact that we're not paying the game companies within 30 days either and this is how its been done for years. Now that the receivables are finally above the payables this is bad, yeah bad, placing, low bank balance omg

Funny DRB you seem to keep banging on about trade receivables and how they could cause an issue bla bla, while ignoring the level of accruals in the payables. You do understand that people make deals with each other outside of pay us within 30 days don't you?

Yeah it does matter because you're stating there's something odd about the accruals, which is based on what? How are payments made to and from an advertising platform? You seem to think we're a building firm.

Share4, does it matter how we get our money and how we pay our suppliers. It only matters that we do it. Not sure what relevance your challenge has.

No disasters, no shocks, all ticking along nicely.
Some sellers taking profits from their 2.5p - 2.8p buys...enjoy your 20% guys.

Rising trend still very much intact, new buyers replacing old sellers...as per rising trend dynamics.
Healthy growth trajectory in an exponentially growing, and already massive industry...whats not to like?

Way past the inflection point, and now in snowball territory.

To think that a few short blinks of an eye ago, in big picture terms, Bids were living on test spend income of £140k full year, and now they`re generating over £2m for the weakest H1 period compared to H2.... yet the likes of Girlz is STILL shaking like a shyting dog!!

The ads are targeted towards different categories of audiences across the global theatre of gaming Girlz, thats why you can`t see them, its not because they`re not there otherwise where do you think the income is coming from?

Share4, re the £1m I was responding to the Twitter link below. Not my calcs.

According to the annual accounts the trade payables are made up of

£0.5m Trade payables
£0.5m wages
£1.7m accruals

We don't know enough about accruals to establish what they are for so putting them to one side that leaves £1m to be paid in 30 days. So actually supports the monthly charges estimate.

We seem to be good at paying our bills on time but not so good at collecting or receipts. This could be an issue when the bank balance starts reducing down to £2m. Can't ignore that the company has mentioned that a raise is possible.

https://twitter.com/HenrySundayHere/status/1556598262869774336?t=2ZnXPZLbfPGh20vggpEWOw&s=19