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Hope you are right jimmy.
Shares for salaries doesn’t pay the bills intrepid.
I think aswell potential is so big, this goes higher than 20p without revenues confirmed imo (once funding is sorted).
My guess if EA or ATVI confirmed, funding sorted and IAB Gold standard confirmed, we would be sitting at around 80p.
What about cost savings of not being able to travel to these game exhibitions Intrepid? They flew everybody out to Gamescom or similar last year. Bet they’ll save a chunk in expenses from that. And revenues my guess, although still not significant, will be higher than what was projected, and also what was achieved in Oct, Nov and Dec last year. So brings the cash burn down further.
My rough guess is cash burn 300-350k rather than 500k.
The potential can only take this so far. My estimation would be 20p. If we can get a solid revenue update then the sky is the limit.
Maybe the idea of switching salaries for shares might still have legs?
I stand corrected. It seems BIDS will have to furlough staff to benefit and furloughed staff must not work.
I’ve not had to furlough any staff so not been through the details.
£25000 max benefit on business rates won’t even blip on their cash flows, if still running at £500k a month.
In that case, it’s revenues or funding by June.
Strange, where did my post go?
And JD did say on the last vox podcast that all their staff are set up to work from home.
Hi Intrepid, if I understand the furlough process correctly, any staff on furlough are not allowed to undertake any work (even answer an email), so given bidstack will be very busy, phone will be red hot with incoming enquiries, and developer team busy executing new campaigns at short notice (see govt dirt rally campaign), then I don't think they will be furloughing any of their staff.
Where they may save costs is on things such as travel, accommodation and expenses for events and gaming exhibitions, that they would have had a full calendar booked in for. They also have business premises and so would have been entitled to a grant of a mimumum of £10k, likely more given their offices are probably quite big.
Given you have run businesses previously as per you mentioning this before, I would have thought you would be aware of all of this.
Just to add on the revenue side. I agree, it is very important and the proof in the pudding is everything. BUT in the new broker note it is state no significant revenues expected to be brought in until Q3. Many companies have given a Covid 19 update without mentioning revenues. NCTY is a special case. Bidstack is more relevant to covid 19 because gaming is seeing a big uptick and they were directly involved in a govt campaign that got plenty of press, to showcase what they can do. It was also released as an RNS Reach, which again is all about showing their capabilities.
Significant revs not pencilled in until Q3. Fully agree that plenty should get on their back if these revenues don't come then.
I know you think I work for some share tipster. Not sure how you came to that view but it is what it is (incorrect).
I have put lots of assumptions down over the months. But my comment that figures are instant is not one of those assumptions. It was confirmed at the last AGM as a fact.
I mention it because it is a vital fact. There is no ‘historical’ aspect to BIDS revenue gathering as is the case in many businesses; BIDS know what their revenue is the moment an impression is made thru their technology on a gamers screen. It is simply 100% live and instant. Same with Facebook and google ads. Those 2 insist on being pre-paid (as far as I am aware) - let’s hope bids are doing the same.
but I sense a growing consensus that proven revenues are now the key.
The Count and I have gained a bit more of an understanding of each other and quite civil exchanges on NCYT. We mean no harm to each other and hopefully enjoy the ribbing.
Re my view on BIDS. I still hold a £1k per point interest on IG. I suspect I won’t sell at 12p but also expect the fundraising will go thru successfully. But I predict that the SP won’t take off until both that fund-raising and proven genuine revenues are sorted.
I still think the key to the revenues is the official classification of this new channel as a bonafide advertising category.
So that’s 3 things I think need to occur before this gets a rocket up it’s a.
1. More funds
2. Category recognition
3. Proven revs (which could theoretically occur before 1 is required if 2 is met also before 1 is required.
I calculate BIDS may have a bit more time than June for cash call. Govt help with salaries will likely help with c. 45%-50% of their wage bill - based on assumption that the average wage at BIDS is c £50k pa. so a cost to the company of £55k pa or £4500 pcm; cover of £2500 pcm will reduce that cost by roughly 45%.
As I suspect they could also offer shares to employees in lieu of missing 55% of salary, that could reduce their wage bill to zero.
That’s what I would do. That would mean reduction of cash burn-thru rate of c £250,000 per month. Which means that June abyss gets pushed back to September.
Only fly in the ointment is that the lack of an RNS to confirm the wages issue suggests BIDS have either not thought thru things (worrying) or it’s not possible (most staff overseas and therefore not covered).
Fingers crossed for an RNS that does shed some light on this cost issue and shows BIDS has managed to reduce the wage bill.
Very interesting Intrepid that you mention instant reporting and bids knowing in real time what their revenues are and therefore would or should be reporting it instantly. The Share profits gang, Tom and crew were using this line repeatedly aswell last year. Hmmmm
Beware false (share) prophets folks.
Now how is that Tesla short getting on?
Wouldn’t that be nice.
As Helx and intrepid say revenue is what is needed ??
I was thinking that was a relatively positive post from intrepid also.
Let’s hope those revenues are forthcoming.
So to sum that all up intrepid. You are happy enough with the current price & revenue or projected revenue will 30 bag us.
PoD (“Prince of Darkness” aka CountD) is posting on NCYT. Seems he wants his money in there now.
Are you still keeping the faith here PoD?
It’s both interesting and ironic that you choose NCYT as your comparison share.
I, too, cited NCYT only the other day on this BB, following the bizarre comment from County-Mr-something-of-the-night-about-him, who inferred I was “sick” for investing in and commenting in NCYT. My response to his off-topic personal attack on me was to highlight that NCYT have issued RNSs with actual meaningful figures in them; unlike BIDS, which is still only capable of issuing RNSs written by ‘sleight of hand’ - RNSs containing no material meaningful content but enough subject matter to allude to good times.
NCYT, on the other hand, say things like “orders for 3.5m kits [at £8 each]” and “we are unable to predict our future sales but can confirm rapidly increasing and sustained enquiries” (or words to that effect). NCYT has increased c 35 times in less than 3 months because they have confirmed they have orders and cash in the bank. Of course, the steep rise (which I’ve only ever seen in one of my investments once before - Amber Day back in 87’) is solely down to their particular niche product and COVID-19 global pandemic.
I still think BIDS may one day raise 30 times but I guarantee that will only now be on the back of proven revenues (and, just to be clear, not necessarily profits - revenues alone will do it).
Continued smoke and mirrors from a clearly dis-trusted CEO won’t.
I am currently of the opinion that BIDS is now very likely getting lots of enquiries but still no revenues. Because it is 100% guaranteed that, if revenues were already flowing, Dramper would have told us in no uncertain terms already. Their reporting systems are instantaneous (they know the figures the moment someone ‘views’ an impression) so they know what their revs are.
As for the Prince of Darkness’ comment re my being sick for investing in NCYT: without my capital and tgat of everyone else, there would be no NCYT to help in the fight against Coronavirus & COVID-19.
Freedom of capital allocation and trust placed in those we give it to is 95% of the answer to the question “how are we going to beat this or any future pandemic?”
Enjoy the sun today everyone.
Share price is a good place Helx. Look at NCYT, 20 bag on potential.
Have a good weekend chaps
Excellent find, bids is my prediction for the share of 2020 excluding NCYT !!