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I was able to add the £2K at 1.40p but only by fok. Pleased to see that has ticked up the SP.
Hi surprised. Like me not surprised ;-)
;-)
Thanks cmin. Buying is hotting up.
Hi saintpeter7, they are showing as sells @ 1.37p at 16:25:14, both next to each other.
Sorry cminhinnett but I can’t see the 2 x 1m trades on 19 June in the list of trades on here. Don’t doubt what you say; are trades sometimes not shown here?
SP7, I completely agree with your point, there were also 2 x 1m trades on 19th June, so that could be as much as 1% of issued share capital being bought up in last week. The MMs seem to have been happy to hold Bid at 1.30p and collect some quite chunky sells, obviously because they know that they can flip them to the large buyer, likely to be Tangent.
The 4m shares bought is equivalent to 0.65% of the issued share capital. Tangent had 27.3% when last reported.
At yet another large buy - 2.5m today after yesterday's 1.5m. Someone is buying up any loose shares. Tangent may be about to pounce.
All 1.3475p are buys recorded in red.
https://investegate.co.uk/brave-bison-grp-plc--bbsn-/rns/agm-statement/202006170700051636Q/
Am happy enough with the AGM statement above. Like the final paragraph in particular. Just a matter of time before the merger with Tangent IMHO.
In my view we are getting ever closer to the expected takeover by Tangent. All the ducks are lined up as they say. This company is very much under the radar as shown by the small number of trades on Friday. Don’t think we need too many buys to see the SP tick up with the last trade being a buy at 1.40p.
In my view, there is still time to buy if you are not already invested and to top up otherwise as I expect the takeover to be at least 2.6p which would value the company at just £16m. Indeed not unreasonable to expect a higher figure than that.
The company is succeeding to take on new clients and increase its revenue helped by the additional social media channels it has added to its platform. I very much expect Tangent to have been doing the same. They have a good list of clients themselves including Sky, Volvo and Regis.
Thanks Simmy. As a full-time worker I sometimes miss these things.
All the Board in position then now.
Saintpeter....she was appointed permanent CFO on 6 May this year...!!!!
Also she sits as a director in the board at Tangent. All will be revealed soon enough i feel.
Dyor
I expect Philippa Norridge to be appointed permanent CFO next.
Excellent post cminhinnett. Those who sell now are so short-sighted. Why does a company take a 27% interest in another and fill the Board positions, other than to merge/takeover and obtain a stock market listing for its own business strengthened by the combination of the two businesses. Tangent has some major clients and a listing will help them expand further.
I disagree that it will go for peanuts as I feel that it is massively undervalued at this SP, below is a summary pulled together by a keen supporter of BBSN and I feel it summarises the current position very well:
Brave Bison (BBSN)
Online content company.
Owned and operated content.
Revenues directly linked to online viewing figures.
Client list for operated content includes the likes of Lego, P&G, PGA tour, European tour, World chase tag.
Market cap £8m
Cash £4m
No debt or other borrowings.
Revenue £16.8m
Small loss in 2019 (EBIDTA £0.4m) due to external factor of Facebook policy change costing them £7.3m in revenue. That’s now sorted; all the Facebook pages are remonetised, and the company is experiencing rapid online growth across all platforms. Positive cash inflow expected in 2020.
Impressive levels of growth, even before lockdown:
YouTube management revenues up 66%
Snapchat revenues up 484%
Facebook video view times up 283%
Now growth is taking off even faster because of the increased online activity during lockdown. Viewing numbers across all their owned and operated online content have jumped up by a further 20%, and followers of their online channels are up by a further 56%. These figures are growing all the time, and with revenues being directly linked to online activity, they are set to have a very significant impact for BBSN going forward.
BBSN are also expanding their online content into Instagram and TikTok, including a recent strategic acquisition of The Hook Group, which massively increases their footprint on these platforms. Another big jump up in BBSNs revenues will be due when Instagram and TikTok roll out their monetisation plans later this year.
Last week, their newly appointed chairman described BBSN as having “immense potential”, a view shared by many other investors. And it’s not just words. He has backed that up by buying 27% of the shares. Massive show of confidence in the company, and great to have the chairman aligning his interests with those of other shareholders. Several other institutional investors and high net worth individuals also have >5% holdings. As a group, they now hold 70% of the company, and many of them are still accumulating. Strong takeover target, but with large shareholders having previously bought at much higher levels than the current SP, any offer would have to be at a significant premium if it were to even be considered.
Prospects really look excellent for BBSN going forward. Massively undervalued market cap, strong financial position, rapid growth company. Very few companies offer low risk investment, yet still retain genuine high reward potential. BBSN is one of them.
4p hopefully but got a feeling it will go for peanuts, now that Katie gone.
Been here before
Well they are going to have to make it attractive to all the other shareholders for them to sell, that means the large shareholders, of which approx. 70% of the share capital is in their hands. CIP are the ones that perhaps hold the key as they were buying at or above these levels over the last months, they will want to see a profit from their investment.
Any idea what price per share would likely to be offered for a buyout ??? With all this potential !!!
SP showing in red but I can sell higher than yesterday and above mid price.
https://twitter.com/surprised_trade/status/1270963728553521157
another step toward takeover....'Tangent' chairman now in place, they hold 27% so far..
Tangent takeover/merger will happen sometime.
1.4p is the point to break through, from that target is above 2p...
https://uk.advfn.com/cmn/fbb/thread.php3?id=40081245&from=3476
Gone to NT after this morning's buys, looks good for a breakout on the chart and with AGM next Wednesday looking for more interest in this 'shockingly undervalued' share.
Look to fill or kill or limit buys to get any at 1.35p, they still have to give you NMS (which I think is 200k)