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Good post shandypants and thanks for sharing. The information should be in the annual report in due course but it's poor if they don't share or reply properly.
BRSD is on my watchlist as potentially it looks like a high growth stock. I believe Justin Waite, who does pretty well with the small caps was interested but he seems to have moved on. Perhaps he found management a bit too reticent to engage as well.
The CEO seems to be bullish and willing to do media interviews so he should realise small cap shares rely on retail investors so good communication goes hand in hand with a healthy share price. I was in a (very) small cap (Starcom) and the FD was disinterested in their AGM slumped in his chair and playing on his phone. I sold - the Company may do very well going forward but I place a lot of weight in how directors engage with their shareholders.
Potentially, it does look like BRSD revenues could grow very quickly. It doesn't bother me that the Company invariably can't give the name of a client just as long as they update with the value and some information about the size of the client and the sector.
As I say, I like the look of BRSD and may invest when I can free up cash from other investments but outstanding low priced warrants can be a drag on the share price so I'll take a look to see how may are around and their expiry date(s).
Just to let you know last month via investor relations i emailed the company asking for details of the expenses listed on their annual accounts (as the details provided don't equate to the top line number reported) and also about the warrants as they have millions still outstanding , many at quite low prices.
Anyway after a few chasers they did finally respond on the warrants - supposedly they are old warrants and any new ones issues have been at the 20p placing price.
I was told they would get back to me regarding the expenses. It is now 1 month since my initial email and still no reply. It is a pretty standard question so i have emailed them again to chase them up and let them know how disappointed i am in their lack of response to a shareholder.
Pretty poor investor relations.
Thanks for update Shandy.
Please do share any feedback you get on expense breakdown.
yes, price action since the results is a concern. Results were pretty much a known from the Feb update (when share price was c24p) although the increased loss was a little disappointing.
Anyway, on a rainy morning in Scotland i've had a look at the recently announced financials via the brandshield website. As it's the first year of trading the the spin off only happened in December it is quite difficult to do a year on year comparison.
Headlines up that whilst revenues were up and also gross profit (increased from c$1m to c$1.5m) the expenses increased by c$2m so the loss widened. About $1.4m is attributed to spin off costs so that still leaves an increase of over $500k. Now when i've tried to look at these expenses the associated note (number 7) only lists a sub set of these costs and they haven't risen much despite additional staff. I will email the company and ask why the expenses aren't broken down in full and why they don't equate to the amount in the accounts. A little concerning IMHO.
The update since YE is encouraging with ARR up over 90% and new contract numbers looking good. Some companies give an updated cash position at this time. BRSD didn't. Not necessarily a negative but could indicate that cash is getting lower.
The only other point i have noticed is the ridiculous amount of warrants issued in Dec 2020 (30m in total). There were some old historical ones, but loads of news ones have been issued up to 2030 at a price of about 9p a share. I'm personally not a great fan of warrants and definitely not at such a discount.
I think the H1 trading update should provide more info as to progress. I will be very interested in the cash figure and we want to avoid a discounted placing. I'm hoping BRSD will be profitable by late 2021 and long term am still very positive on this share
Seems like some very good growth forecasts for this company. I have a small holding for now and will continue to hold / top up if falls further. It’s a growth industry and still very much under the radar. A share for the 2/3 year portfolio for me with some exciting times ahead
Price continues to fall on small but continual selling.
Quite surprising but I am happy holding any company with the growth Brandshield have been announcing.
They also have a set of legacy holdings written down effectively to zero, but each could yield some value.
And what a sector to be sitting in.... Smarttech247 announcing a major contract win this morning shows the focus on protecting on-line assets.
something smells fishy here. the price is being forced back, Cheap RTO We shop into brandhsield?