Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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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.
Kate Burns stepping down as CEO.
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)
Solid fundamentals here and results all heading in right direction. With no debt and £4m cash the risk here really is minimal - whether we get a takeover or just steady rise, there is serious upside.
https://twitter.com/surprised_trade/status/1269570003013173248
a tiddler but cash, revenue and take over target suggest it'll be a bigger fish shortly
Mcap £7m Cash £4m, No debt. Revenue £16.8m
Hopefully people will catch up on that with the AGM in a week and a half's time. The Company have asked shareholders to submit questions and they will answer them. All noises are positive at the moment, growth in numbers has been accelerated by Global lockdown and awareness from prospective clients has also improved as they and their staff are all locked down and experiencing the new order of online usage.
Wow, looking at the fundamentals, BB is very undervalued.
https://www.thedrum.com/opinion/2020/06/04/why-ugc-exploding-popularity-among-brands-during-covid-19
Global spending on ad-based video on demand (AVOD) is set to more than double to $53 billion by 2025. Very good news for online video content companies.
https://www.digitaltveurope.com/2020/06/01/us-overtakes-china-as-home-of-avod-with-spending-to-top-us53-billion-by-2025/
https://t.co/7rLUgXK9bb
Good news.
https://twitter.com/surprised_trade/status/1264983320313704453
angent on board & holding close to 30%, appears a takeover target as business re focus improves Mcap £7m
Cash £4m, No debt. Revenue £16.8m
That was a nice little rally at the end of day I wonder what’s happening next week???
This effect also occurs when MMs aren't crooks (OK can't say when) and it can be sells as buys as easily as vice versa. But it may be a temptation for them sometimes.
I sometimes think they sacrifice income for ease. Sure they make money in an orderly market, they can make a lot more in a raging market if they get it right.
Thanks Singer67. As you quite rightly say buys are often shown as sells due to the way they are calculated.
Meanwhile, Tangent are no doubt looking at when to merge the two companies.