We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Delayed reporting trade from 0838 today, 250,000 shares at 19.5 ( a buy )
Share buyers
Going for growth: Blackbird all set to push fast forward and fly high on cloud computing boom.
https://www.sharebuyers.co.uk/shares/blackbird-shares-going-for-growth-fast-forward-cloud-computing-boom/
Sp on it's way up again, after profit taking, in anticipation of continued good news as indicated - "As we continue to execute the next stage of our strategy and Blackbird becomes more widely adopted, I look forward to delivering further good news and strong results to the market."
With additional impetus from the ability to work from home effectively.
Good recovery ...it is in fact good news that there was a bit of a sell off after the results....those sold shares are now in the hands of people who will be holding now for the next leg up
Autumn is almost upon us and the decision makers back from holidays....things should only get better ongoing...
Enjoying the good weather this morning......
So am I....
GLA.
One of Bird's clients Peloton has just reported revenues nearly tripling on the surge in demand for home-based equipment amid the pandemic....all good for BIRD..
As it happens my son added few on the back of the latest retrace....(following my suggestion...)
So good for him.....
Max19
I would think some people sell and take profits while they can...especially if they have paper losses elsewhere....not a bad idea to have some profit safe in your back pocket...I can understand some selling ...
but..we know that there are plenty who sit on the sidelines and wait for what they think theat short term selling has stopped and buy up....
The share price only reflects the day's trade....doesnt reflect the mood of all shareholders....the vast majority are sitting and waiting....
There is always a bit of a retrace - then another RNS as you point out. I hope and believe they are likely 'on a roll' and we shall see the patter of higher highs and lows continuing in the shorter term.
Didn't expect such a sharp retrace....obviously some selling pressure for whatever reason....
If continue another addition from me is getting ready with the expectation for more contracts to be announced in the near term.
GLA.
Overall, we see the business as benefitting from its recent change in focus and extremely well placed to take advantage of the clear opportunities for cloud-based editing. These techniques have been available for some time, but COVID-19 may (as in many other industries) catalyse or accelerate the change. We look forward to further announcements from Blackbird over the coming months.
Executive summary
Blackbird is a well-capitalised, market-leading provider of fully featured professional- grade video editing and production software that is cloud-based, making it well-suited to the increasing trend for remote working that has been accelerated by the current COVID-19 pandemic.
Blackbird’s intellectual property (IP) is protected by 9 patents, with a further 5 pending, that cover 2 core aspects of its technology: the compression achieved by its codec and the navigation system used by its video player. This technology equips the Blackbird platform with unbeatable speed, scalability and quality for viewing, editing and publishing video in the cloud.
Since joining the company in September 2017, CEO Ian McDonough has rebranded the company and product as Blackbird, and has re-focused the business on direct infrastructure deals and partnerships with major digital media service providers (Original Equipment Manufacturers, or OEMs), which integrate Blackbird’s video editing suite into their own offering and resell the software platform to their own client-base.
2019 could be considered a year of transition for Blackbird’s customer base, away from project-based sales to annual licencing contracts, the success of which is reflected in its reported revenues growing by a healthy 24% year-on-year. Revenue growth accelerated to 49% y-o-y in H1 2020, reflecting the underlying momentum of the business, as well as a positive effect from COVID-19 boosting demand for remote working applications.
The current Software as a Service (SaaS) business model with annual or multi-year licencing gives the business good visibility with a high level of recurring and repeatable revenues, and the transition to longer-term contracts led to a dramatic increase in the contracted order book during 2019. At the year-end, deferred revenue and contracted but uninvoiced revenues totalled £1.9m, representing 1.75 times 2019 revenues. Of this, £0.8m – equating to 74% of 2019 revenues – related to revenues to be recognised in 2020. At end-August 2020, the contracted order book had risen to £2.0m, and secured revenue for 2020 stood at £1.45m, which is already 35% higher than FY 2019 reported revenues.
Blackbird’s relatively fixed cost base means that management’s targeted sales growth over the next two years, expected to be driven by sales coming from an increasing number of partnerships with large-scale global OEMs, should quickly take the business to profitability. While revenues grew strongly in H1 2020, operating costs were held lower than in the comparative period.
A further opportunity comes from deepening partnerships with the three main public cloud platforms: Microsoft Azure, Google Cloud Platform (GCP) and Amazon Web Services (AWS). More generally, the acceleration of organisations' migration to the cloud should open up further opportunities for Blackbird. The pace of this has been increasing over the last few years and has been further fuelled by COVID-19.
Note
26page company research not by Allen by capital now on the website - lots to take in and I guess this will be the basis of today’s presentation.
http://www.allenbycapital.com/research/research-bird_3_2142971402.pdf