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60 mill trade?
Https://www.investorschronicle.co.uk/ideas/2024/02/12/brave-bison-s-rally-is-far-from-over/
GLA
Oh i was absolutely ignoring and have been slowly adding here, was just curious if any had any observations on other shares with that lot. Seems mental that people pay for it with what is demonstrably bad info.
Anyhow, great day again here again, onwards and upwards
Just ignore DrJD as it is wildly incorrect. Must be using incorrect financial data, and as it is all AI driven no sense check to validate before publishing. Forecast PE ratio is 10. However, allowing for net cash of £6.8m on £35m market cap this is reduced even further to about 8. Still looking very cheap given the growth. Could almost double from here simply from multiple revaluation and definitely a good chance if they announce a trading ahead at some point in the next 6 months.
Well, after being here for some years, this is finally starting to pick up. A solid stock that remains undervalued.
Just noticed quite the hit piece on simply wall st. Quoting PE of 37, multiple red flags and an article entitled "Risks to shareholder returns are elevated at these prices for BBSN" from 26/1/24. Pretty sure its all AI driven, anyone paid any attention to this lot on other shares?
Nice upward momentum today
It's notable that Simon Thompson hasn't written an article following the trading update. I wonder if he plans to include it in his 2024 Bargain Shares, normally published in early February. BBSN certainly hits his criteria of strong balance sheet and lowly valuation
Indeed, BB did hoof it out of the park. https://twitter.com/LEMMINGINVESTOR/status/1749772191246205289
Great update and incredible value. I've added 2m shares this morning :)
Good results showing steady consistent growth, shame the share price always drops before results so the uptick only ever takes it back to where it was rather than the next leg up.
NEXT NEW FEATURE on https://lemminginvestor.substack.com 🚀 Brave Bison redefine digital influence.
https://twitter.com/LEMMINGINVESTOR/status/1744470693146669081
This Company has a number of things going for it:
- Profit making (made £1.5m in the 6 months to end of June 23 - up 14%)
- Acquired SocialChain (owned by Dragons Den's Steven Bartlett) in Feb 23 for an initial consideration of £7.7m, funded partly from placing of £4.75m @ 2.3p which was strongly oversubscribed
- Over 60% of the Company shares are not in public hands - a combination of Directors and II's
- At the time of the acquisition the CEO said he expected turnover to now increase to £40m for the year to Dec 23 - the half year results in June 23 reiterated this expectation
- Current MCap £27m - will this rise over the next couple of months in expectation of this increased turnover/profit?
This share needs some serious traction/volume to break out of this, it's being controlled by one investor.
Greens buying more again. come on bbsn.
Hopefully now heading back to around 2.4p
The greens and associates buying more.shows confidence.
Distressed seller, there's been various big sellers holding this down for years, and as a result it's a bit of an unloved stock.
Which is surprising considering what they're doing and achieving, I can't help but think they need a better invester relations PR specialist to drive the RNS and Reach news.
Looks like it was the Green brothers .. great to see them buying and now hold over 19%.. very positive sign!
Your questions answered! Great news, directors buying on the open market is the biggest plus a listed share can get.
Looking at all those 250,000 trades today, you have to wonder if the noble lord Ashcroft is filling his boots again.
One Good thing about BBSN is the directors are happy to hold a large % of the business. There ultimate goal is to make money off their shares. The only way to do this is to increase the Market cap of the business by acquisitions or generate income and pay dividends.
Either way its a win for other investors.
I'm happy to hold as long as they are.
Not sure what you are expecting. Very few companies give any more info than what BBSN have offered today, if anything they have been quite detailed in saying contract values for each deal and that it will allow them to hit the market expectations on profit. Most companies conveniently miss the bit of about what it means for profit and leave the shareholder guessing. I'm not a holder here but I think holders can assume that the 3.1m profit target will now be beaten most likely which is good news. I thought about buying in a few weeks ago but was put off by H1 performance and didn't think they would recover enough to meet targets despite them saying H2 would be better. They obviously knew these deals were likely to drop and they were right. Certainly one to keep monitoring and may add if there is a drop.
What puts me off this share is the opacity of their contracts. nothing ever really mentioned to give detailed information. it's very much like a blind date.
and the share is still a way off the previous supports of around 2.6ish.
needs to get a move on to get back there but, with their lack of details, hard to see who buys into it, outside of privileged ii's.