The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
well if they can get the gross margin higher and the operating costs margin lower ...then the bottom line will see a great difference ...those are the next two challenges to tackle head on in this next phase ...
Patience is a virtue. Like I said wait and then either stfu or get on with your life. Pastures new and all that. Maybe you could find a bull in said pasture.
“So once they achieve open exchange buying they can look forward to both much higher fill rate, and higher margins.”
Exactly what I am waiting to see the “open exchange”
The margin will be lower on test spends, with large studios, and sponsorship work.
Stifel explained the 13% margin in 2020 as being due to test spends rather than commercial margins.
Going forward Bidstack expect in-game ad margins to be 20-50% (up to 50% for smaller publishers) and for sponsorship margins to be 20%.
On a blended basis Cenkos are forecasting a 25% margin for 2021 with scope to increases once the number of smaller publishers increases.
‘Overall, we have assumed a stable gross margin of 25% for Bidstack but this will be determined within each year by the mix of business activity. There is scope for this gross margin to increase once programmatic advertising revenue commences and increasing numbers of mobile games publishers are onboarded.’
So once they achieve open exchange buying they can look forward to both much higher fill rate, and higher margins.
Hahaha yes i sit next to helx all day bashing Bidstack.
If that makes you sleep better at night!!
Lol
Obviously I really hope you are successful with your Bidstack investment, and you have times your entry perfect.
I’m a mug for believing and trusting the CEO in 2019
My mistake.
However Draper hasn’t covered himself in glory since.
Not going through it all as been said so many times.
Ahh yes, the guy who sits next to you.
Mr Angel.....maybe you should learn to read properly. I definitely didn't say in the 1's today.
True invest
That’s if they get 25% margin.
You need to have a look at last years numbers and see what the margin is there.
Try 10%!
No explanation why.
Angelis. Think you are getting me mixed up with helx
Girdz, Some of your trolling posts have been taken down. I remember you saying yesterday that you were willing to bet this would be in the 1's today. Its as shame someone didnt take you up on your offer.
Girdz crying about Draper again. Jesus. Why don’t you wait until you start seeing adverts, buy back in and then rejoin the chat. Everyone’s happy.
Gridz, in Dec last year they confirmed they were ahead of market expectation. The came in at £1.7m vs £1.5m forecast.
You say '£10mil won’t go far if they are bringing nothing in.'
Actually it will get them to the end of 2022, even with zero revenue, based on the Cenkos forecast for costs.
The forecast £4m and £9m revenue for 2021 and 2022 will get them £3.2m of additional cash (@ the forecast 25% margin) and will last them to June 2023. Any additional revenue will extend that.
And in terms of irons in fires, Bidstack always have “irons in fires” hidden by NDAS.
Your a bids newbie though. You’ll get used to draper letting you down
Guile - I have been clear to in my posts in that I am looking to see ads in games Bidstack says they are in.
I down loaded most games and nothing really so far.
Let’s see what happens.
We’ll have an idea before December, like we did last year, whether bids will get close to £4mi.
You explicitly confirmed it was your last post here less than 2 days ago… - really great at sticking to your word lol - shoo shoo deramper shoo!
Wasn't there another tweeter pumping this earlier in the week?
Heavily depends on your timescales here. I think they have enough irons in fires to turn this tide & don't think an immediate spike of revenue is likely or expected. Progress that the gap is closing would be a more reasonable expectation. But like you say - if you're waiting until December to find out their confirmed revenue numbers then I think you might be missing any short term rebound in share price. That's initially what I'm here for - any prolonged holding decisions to be made after that point.
Guile - don’t be so sure re sudden drop.
If ads are light and infrequent, and TU in Dec confirms this, then fully expect the share price to pull back.
£10mil won’t go far if they are bringing nothing in.
Even £4mil revs is only circa 800k to bids.
The market wants to see bids scale now.
Not another false start.
Can’t keep saying we building out.
I am not confident with the games inventory that bids can scale.
Bids had a decent game last year and lost it. (Real cricket)
Let’s hope they don’t do the same with what they have
sometimes it's just nice to meet in the middle :D
Are we ramping or de-ramping today?
I lose track.
Thank you for this considered post. I don't think a sudden drop is on the cards here for the next 6 months given that the latest fundraise has now been sorted - but if you have been burned in the past then I understand your additional caution.
I note Helx hasn't yet responded to my question - don't be shy mate - what's your buy-in range and why?
“Look at last years placing, it turned over for 2 months before accelerating to 8p, bounced around for a while then moved up and hit 13.5/14P”
I’ve already said why the SP hit 14p.
Go and have a look at the trading update in January and the SP decimation soon after when the truth was announced.
Then short after that 2021 revenue reduced from around £9mil to £4mil. All with out telling the market.
Sly little broker note from a stifel that some one found.
As it currently stands I can’t see Bidstack making £4mi this year, unless there’s an “ads on” in September and there are big names like Burberry, paco rabanne etc like last year.
Guile - I’ll wait to see that things are finally kicking on here.
You could accumulate all you want here but if it’s ends up being a disaster again then could see a penny or less.
50% drop immediately and will need 100% gain to break even.
Don’t envisage seeing much action in terms of ads in august.
Having looked at both the football and tennis management games I think some works needs to be done to established where exactly to put non intrusive ads. No obvious space at the moment so imagine this is going to take time.
Good luck to all with your investment here but will remain sceptical here until I some ad delivery.
Just wanted some insight of the levels at which the two most negative board posters would consider ('re-')buying BIDs at. Good to hear that Girdz is at least considering it - finally a positive! Think they should dip in now personally speaking as anything from 1.8p to 2.5p is the range i'll keep accumulating at - wouldn't want them to miss the boat.
Guys
With respect...I think the forum should be working more together than squabbling over silly little things..like a price movement over a couple of days .....
The private investor is NOT competing with each other as a forum might suggest......all us PI's are up against the machine of the City and the pro traders who can shift and move around the SP and really get everyone arguing in a matter of minutes ... we can be used like mice in an experiment if they so wish...think about it
Need to maybe step back now the placing is done and think of who the PI is REALLY up against