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Girdz,
Look at last years placing, it turned over for 2 months before accelerating to 8p, bounced around for a while then moved up and hit 13.5/14P ...
St Ledgers Day 8th September ....
Last 2 weeks been able to buy in under the placing price .. sit tight and hold for news flow to commence.
No Brainer.
So for clarity - what price are you prepared to buy in (buy more) at? - (Also take it you're not valuing any of the £10m cash raise as part of your calcs).
Might have a punt like cannacourd.
Plenty of time to get in at those levels
1p share price is £8mil mkt cap.
Absolutely no reason for mkt cap to tick up at the minute as no ads in any of the games bids have announced this year apart from mr bean delivering a sub way.
Whoop whoop
When are you & Girdz going to buy a few more here? You post enough in the forum so you must be interested.
You're absolutely right Girdz.
Great article find CVB123 & thanks for posting. Liked the bit about being at 'peak fear' & strong risk/reward ratio. That's exactly why I'm here. Thought it was very honest too, especially the final summary (postives / negatives) - there is risk here - as with all investments, but at these levels & after BID's latest fund raising it feels like a risk worth taking. GLA holders.
https://www.lse.co.uk/rns/BIDS/exclusive-partnership-with-nordeus-nmyeyj9u2twzmo0.html AND partnership with CAPITAL GAMES TO..
What the T Bull reach message.
Been lots of RNSs that have amounted to nothing.
Look for ads in games.
That’s what the company does.
No ads in games = no revenue coming in
BIDS is in stronger position now and I do feel this will come good look at latest RNS people rather then reading this BOARD. 3-4 P NEXT MONTH
Yeah good idea buy off of that summary.
What Micheal Taylor is trying to do is get PIs to have a punt so SP rises and he can off loads his placing shares.
So obvious. Bit like Justin Waite.
Good luck following his advice.
Have a look for ads in bids games. And not house ads.
If you start seeing some maybe start to get your involved then.
Just bought shares in BIDS at 2.18 after reading Michael Taylor's summary, copied below.
2. Bidstack (BIDS)
If you’ve been around a few years you’re probably aware of Bidstack.
But if you’re not: I’ll sum it up.
Bidstack is a technology company that puts native advertising into video games.
It’s pretty cool - although the company has promised far too much and delivered too little.
This didn’t stop it from multibagging though - eventually hitting £100 million market cap which was bubble territory.
Back in 2019, the market was hyped about Google Stadia and the stock rallied hard for several days, only to gap up on the announcement.
I warned about this in my group and it turns out this was the absolute blowoff top.
Since then, the stock has been nowhere near 40p.
Here is the chart from the recent year.
For some reason, the company decided to not raise money when the stock was above double digits (or maybe it couldn’t?) but it has raised over £10 million at 2p.
It was obvious the company needed money at 12p, so I should've shorted the stock and covered going net long in the recent placing.
Last year, the stock multibagged from the placing I took at 4p, and the company has just raised again at 2p.
I believe there’s a good chance the stock sees material upside from these levels, because right now we’re in peak fear.
Bidstack has just raised over £10 million at a pre-money EV of less than £6 million.
Nothing is priced in.
But the company has actually made progress with partners and proof of concept trials, and is now starting to commercialise.
Institutions have come on board the register, and the cash leaves enough money for at least 12 months.
Everybody hates Bidstack.
Everybody has written it off.
Maybe they’re right to do so - but the risk/reward here is great.
The company is well funded which protects my downside, and any positive developments may start to change the narrative.
With a change of narrative, the sentiment increases and powers it higher.
We see stocks move because of a change in sentiment all the time.
However, let’s acknowledge that Bidstack still has plenty of risk.
It still hasn’t achieved anything.
History would suggest that the company will disappoint the market and there will almost certainly be another placing in the future.
But with the price trading around 2p, you’re getting a similar entry to me at the 2p placing and are buying closer to the danger zone - the point where you cut the trade.
It's no Vodafone though, that's for sure.
Positives
The refinancing everyone knew the company needed is now complete
Company now at the start of its commercialisation journey
Negatives
Bidstack has a history of overpromising and underdelivering
Not profitable and cash burn may increase further