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Yes cash is king but as a growing company like bidstack which I will expect them to grow at least 1000% this coming year will need to utilise all their money in the bank to grow. That is one of the reasons that they manage to raise over £10m in July this year. They say they have enough funds till next year but what if they are wrong. To me the biggest risk in this company is cash flow not the product. Have this company promise something to share holders and did not deliver ? Thats why their share price went down (I think they promise to break even by 2020 by the director and that did not happen) As you said cash is king. If I told you it was good for your health to jump of a brige will you do it? Most likely not i hope. I will only believe what a company had said when it is delivered. Unfortunately this company track record is not too great. Thats the reason I am waiting for their next anual report because that is facts and not a promise .
Helx2 - shame your wrong on the figures there. £10.8mil raised but £5mil is for Drapers secret project.
Also not sure where you are getting your plus £4mil from.
So even including that £4mil, it’s only really £3.4mil in the bank with opex of £400k a month at least.
Need to start generating their own money quick!!
Oh Jabba, you just can't see that these are heading nowhere but south. Good job Draper got that shrewd Norwich city deal...that'll save us. Dear oh dear
I
I don’t think you read my post properly - they’ll have plenty of cash for the rest of this year and for 2022 - if turnover hasn’t stepped up in 2022 then maybe there will be a raise in 2023 but that’s a way off. Cash is king and they’re on top of it having raised 10.8m in July this year coupled with their increasing TO that will chip away at the large administrative expenses - which they’ve also stated is now a priority in their recent interim report.
But hey what do I know - I only read the company report.
Not that drunk yet.
The forever optimistic. (I use to be like that and realise i was losing more money then I was making at shares)
Been their many times especially the dotcom period. Nothing can go wrong and then S*&^ happen. Was you investing then or still in nappys.
Let me tell you I have invested (gamble) in may penny shares and made some good money but lost a bucket loads as well. All I am saying , take the emotion out investing and look at the company annual report. Its amazing how much it can tell. I could be totally wrong but what if I am correct? How many penny stock can you lose before you run out of money. Money and cash flow is the number one thing that keeps any company in business. My gut feeling (emtion again) telling me to invest but might wait for their next anual report to come out before I invest, even if I have to pay a higher share price.
Talking about drinks I might have a red wine now.
Great discussion people and keep it friendly
Silly Tango - been drinking too much fizz. Classic Gridz supporting more negative spin.
10.8m +£600k = 11.4m cash in the bank in July. Add to that 4m TO = 15m less 7m admin expenses and you get a company with 8.4m in the bank that has shown huge growth in a single year. Keep that 7m in the bank for the following year in the event that all growth stops across 2022 lol. This share is primed to move up - question is: when… (imminently would be my guess)
Lots of progress since then and more to come.
Financial Highlights
· Revenue of £820k (H1 2020: £274k);
· Gross margin improvement to 34.5% (H1 2020: 27.9%);
· Period end cash balance of £695k (30 June 2020: £5.9m);
· Loss per share reduced to 0.74 pence (H1 2020: loss of 1.18 pence per share).
Post Period End Highlights
· Successful £10.863m equity fundraising (before expenses) completed on 23 July 2021;
· Bryan Neider, 25 year veteran at Electronic Arts, joined the Board as an independent Non-Executive Director on 23 July 2021.
Operational Highlights
- Significant progress made in onboarding titles across stadium, racing and open world environments as well as Unity, Unreal and custom games engines;
- Now offering advertisers increased and broader inventory from a portfolio with over 30 games;
- Reinforcing relationships with the world's leading agency holding groups which are now growing outside of the UK and US;
- Developing momentum in engaging directly with brands;
- Continuing to integrate with established third party ad-tech vendors which increases accessibility to Bidstack inventory in core markets;
- Significant developments with the IAB, the industry trade body, in defining "in-game" as a new formal advertising category and providing scalable guidelines.
Donald Stewart, Chairman, said:
"Following completion of the fundraise on 23 July 2021, with approximately £10.2 million of net proceeds, Bidstack is now well capitalised to exploit the commercial opportunities it currently has and to pursue its strategy for some time to come.
"The second half of the current financial year has started well and in line with our expectations. Since the period end Bidstack has onboarded a number of new games including Nordeus' flagship football management game, Top Eleven, T-Bull's classic car driving simulation game Racing Classics PRO: Drag Race & Real Speed, Motionlab Interactive's multiplayer PDC Darts Match and Suji Games' animated simulation game Hyper Airways. We expect a number of further games to join Bidstack's roster in the second half.
"With improving visibility of the sales pipeline, we believe the Company has a strong pipeline of revenue for the second half as existing advertisers rebook with growing spend and business development efforts come to fruition.
"The Company continues to expect to deliver revenues for the year in line with market expectations. In addition, the Board has been focussed on improving gross margin and controlling the Group's total operational costs going forward, as it starts to rebalance capital deployed to reflect the shift from product development to commercialisation."
James Draper, Chief Executive, said:
"I want to put on record how proud I am of the team's continued work towards establishing Bidstack as a stalwart of in-game advertising. Watching our incredible staff establish and build-out relationships with some of the world's most recognised advertisers, agencies, technology providers and game
That's right Girdz if.
Why you looking at next 3 quarters Jab?
If Bidstack don’t deliver the £4mil at the end of this quarter, then they are behind where they expect to be, and will be burning through the last fund raise.
I know you think I’m just bashing but take your rose tinted off and Have a listen to Tango. Talking sense.
For better or worse ?
Calm down tango. A lot can change in the next 3 quarters.
They need every penny from share holders and investors. So why do you think their share price is going down for the past 6 month from the cash injection? Because their is a high chance they will need a new round of funding next year.
I am not saying this is a bad company but like Amazon in the early stages, they was burning cash with no profit for many years and now the rest is history. Please note I am not saying bidstack will turn out to be Amazon! As I said high risk high return. If they do fall further I will certainly buy this company up. Please do your own research
with approximately £10.2 million of net proceeds, Bidstack is now well capitalised to exploit the commercial opportunities it currently has and to pursue its strategy for some time to come.