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Its not a huge number of trades. Darren CFO leaving felt uncomfortable, as it always does, which may delay results until Chris Ellis gets his feet under the table. Last year we had been updated with Q1 results by now and interims were mid June. It would be good to get a trading update out as SP has slipped 44% from highs.
Chris's job is to confirm or not Darren's numbers and to confirm clear EBITDA positive message from Ian with an update on cash which should be good given the £1m raise late last year. If Ian backtracks on his view it wont be good.
44% drop needs news or it will keep sliding
Any thoughts on latest drop? Seems a limited volume of trades significantly affects price so I am not really too concerned about it.
These Board changes are a huge positive inmy book, the CFO was a light weight and is being replaced by a very capable man with great experience in managing a big successful business. The lady from Omnicom will be very well connected to the biggest US brands. Both of these high profile people will have taken a very good look under the bonnet at Silver Bullet and like what they see. I think someone read this all wrong and got worried about nothing, typical in this weak market but a great buying opportunity in what will be a super growth stock over the next decade IMO.
Results in a month.
Bad timing for cfo to depart. Also previously stated would hit profitability in early 2024. Latest talk is in 2024 so prob related to cfo departing.
I never like the fact that he had no shares(from his pocket)and always a cfo to buy shares in the company with his own money so reassure
Seems amicable, with replacement also announced.
Market seems to have completely overreacted.
Problem is that it looks suspicious when you CFO leaves with immediate effect .
Do you believe the last update or has some shxx hit the fan .
Difficult to judge without any more info .
Does anyone know when the next TU or business announcement will be ?
I agree. Hopefully this will bounce
Board changes look positive to me but markets don't seem keen!
SBDS name 40 blue chip clients and so far Mars is the largest and signed a $2.3m contract for this year. The potential here is massive without any new clients. The renewals are particularly positive because these Companies have used the product/service for three years and are increasing their spend. That speaks volumes for the quality of SB. I'm sure there are new brand wins but they are unlikely to start will a multi million dollar deal. I agree they will be bought out as often happens with cutting edge UK companies.
True e but why would a big player take years replicating when it could use loose change to snap SB up. They will take years to replicate plus have to find the expertise.
Spend 40-50 million and they have a ready made package 2 years earlier than it would take to create. Along with some blue chip clients
I agree with both of these last posts, but I have a nagging doubt. I just cannot envisage these huge American tech giants just letting Silverbullet do it's thing. Maybe a takeover, or how hard would it be for them to replicate? Not very imo, but we shall see.
At the moment it's just contract renewals though, they badly need some new business.
This little Company is achieveing great things but almost nobody is taking any notice. Sooner or later they will and SBDS will be a big winner imho.
Sooner or later, their position in the market post cookies will be very powerful and the blue chip client list demonstrates the
huge value here. All time high 330p, recent high 190p, both will be taken out this year imho.
Hardly the disaster narrative you're trying to portray David. 12 trades totalling £21k.
...do not fall in love with the story...look at the flow of money....
I took a profit on this a few weeks ago, I was thinking silverbullet against huge American tech giants? They will be swept aside imo.
Chart not looking great, assuming Justin Waite getting out
I tried to offload about £5000 this morning and they wouldn't take the trade. Looking at the price heading back up, I'm glad they didn't!
There were a lot of big sellers after the RNS this morning, which would account for the price drop. Glad it's recovered a bit now.
Https://m.youtube.com/watch?v=WX_VegBpSqM&t=4s&pp=ygUbc2lsdmVyIGJ1bGxldCBkYXRhIHNlcnZpY2Vz
It's market manipulation for sure, it's bouncing now. I've filled my boots on the dip.
The market knows best!
Aside from the (good...!?) trading update is there a second RNS....?
Market makers artificially tanking share price!?
Why marked down....?
Already booked over £5m for 2024 and looking to go EBITDA positive early this year. Great company.