The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Interesting point in the vox podcast today, when asked about funding. JD ssysvthey are ok for now, and potentially looking at new government funding schemes. We all know the government is offering loans to business due to the coronavirus.
So potentially a loan to tie us over and not fund raising!!!!!
Interesting!
A government backed loan would certainly make sense!
Regarding government loans, All companies have to look at raising cash by other means, government loans are a last resort.
Yes and the market as crashed making traditional fund raising difficult at present, ense the loans you muppet!
Agree count
Pair of sad muppets!
I didn’t think bids would be eligible for any government grants but they could be for the Coronavirus Business Interruption Loan Scheme, presuming they pass the banks rules and get accepted.
This offers up to £5mil.
I’m not saying bids can get it, but there is potential.
I'm pleased to see 39% for you guys today but don't be drawn in to a false sense of security by the waffling RNS. It gave no indication of adjusted revenue projections.
The company needs to raise its own funds as the Government loans are to assist previously profitable company's through this difficult time. They are not there to prop up badly managed shipwrecks losing £5m like bids. Management accounts showing profitability need to be provided in order to qualify. Bids will never meet the criteria for such a loan.
Most mug posters and their audience on here are an MM's dream. Beware of the spike!
That was my initial thought as well Jilson, the banks won’t accept bidstack same as a bank wouldn’t accept a personal loan from me if I was leaking money
James Draper:
"We are in a situation where we don't have to immediately raise funds."
Unfortunately you are going to have to wait a little longer to buy in chancers. Or perhaps the wording isn't clear enough.
Listen to the podcast you weasel. Looks like H1 revenues will be adjusted.
On the Government loans, they are on a case by case basis with the banks! Do you really think any new and pre profit companies are not going to get loans? you must be thicker than I first thought.
Draper is the one who has dragged this company through the shyte Count. IF there is something of substance here, i genuinely congratulate Draper and all of you bidliever cult crew. Let's see and not get too excited....i remain cautious at the moment.
Hi Hit
In addition JD has confirmed that they are thriving under the virus in his earlier RNS so would also be difficult to convince the banks that the virus has interrupted the business.
The government Loan Scheme does not seem an option.
It is nice to see you a little bit more upbeat today though helx.
And I would agree, over excitement has been this share's main problem in the past. To me it looks like expectations are being managed a lot better so far this year but it is up to investors to react with the newsflow and not get carried away too early.
Having said that, this has been oversold and it will be interesting to see where the market re-rates it with some renewed interest from investors.
It makes me a feel a little bit sick the fact that if bids are successful helx will also do well.
Doesn’t deserve it
James response about the revenue target being hit was somewhat flaky. Appreciate he cant disclose much but doesnt really instill confidence.
I think i'll hold back on topping up until that inevitable fund raise is completed. The government has much bigger issues to focus on at present, Bidstack is the least of them, just ask a SXX holder! Interesting wording in the RNS too, more and more clues that they've got a relationship going with EA, hopefully that develops into a larger partnership.
fudgerella30, I think you need to read up regards government help.
Jilson, it is not overly complicated, the interruption loan is to be offered to businesses should the bank not be able to offer the loan on traditional terms. So either the bank is happy to lend under their own terms or they are able to offer the BILS which will have an 80% British Business Bank guarantee. Bidstack have 50 staff to support, should they feel that they need to apply for funding through their bank and go down the BILS route then they will most likely get it.
So a lot of pre-profit, revenue generating companies are going to go bankrupt?
It is done on a case by case basis by the banks.
Chancers. I think you need to learn to read!
Don't be too optimistic just yet Girdz . The pomagne needs to be on ice for a while longer imho.
Just for the weasels, thick ones and those that find it overly complicated;
would consider viable, were it not for the COVID-19 pandemic
would consider viable, were it not for the COVID-19 pandemic
"The government will provide lenders with a guarantee of 80% on each loan (subject to pre-lender cap on claims) to give lenders further confidence in continuing to provide finance to SMEs. The scheme will be delivered through commercial lenders, backed by the government-owned British Business Bank.
You are eligible for the scheme if:
• your business is UK based, with turnover of no more than £45 million per year
• your business meets the other British Business Bank eligibility criteria
WHO IS ELIGIBLE
Your business must:
Be UK-based in its business activity
Have an annual turnover of no more than £45 million
Have a borrowing proposal which the lender:
would consider viable, were it not for the COVID-19 pandemic
believes will enable you to trade out of any short-term to medium-term difficulty"
THERE IS VERY LIKELY NO GOVERNMENT LOAN AVAILABLE FOR BIDS FOR 2 REASONS;
1, THERE HAS BEEN NO BUSINESS INTERRUPTION (CONFIRMED BY JD EARLIER), IN FACT THE OPPOSITE
2, THIS COMPANY WOULD NOT BE CONSIDERED VIABLE BY A UK BANK WITHOUT SECURITY, WERE IT NOT FOR THE COVID-19 PANDEMIC
Ok Wind up time for fudgerella30, How is your PF going ;-) I bet it takes you all of 1 second to check it out with your one company, Guess you won't be in profit for a while, that's what happens when you put all your eggs into one basket.
Looks like i will be cashing in a few grand of Premium bonds next month and put it into next years B&B ISA, I wonder if i can make some money from the FT 350 over the next year. what about you fudgerella30, Wonder if you will see a profit this year.
Macbeth's witches are still casting their shadow here. Pun intended...
Countdracula55, Great to hear that Bids is good for cash and don't need to raise money.
I am sure that the government will have bids at the front of the queue, Not sure how the Virus is effecting bids with all of this good news and most will be able to work from home.
Least you have put my mind at ease that bids is OK for money.
Narcissistic. I wonder what you are hiding.
Someone who is constantly going on about other investments in a share they are not invested in = pond life.