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Your ignorance is astounding. Good luck mate
It's this paragraph I'm referring to.
The agreement, thought to be one of the industry's largest programmatic in-game advertising deals, will give Azerion's SSP and sales teams exclusive access to all of Bidstack's advertising formats and will see the company become Bidstack's sole external reseller.
It's funny you mention NCYT Johnny or whichever account your currently using. Those who know about NCYT will know that having 90% of your revenue with 1 customer has the potential to jump up on you and sock you right in the mouth.
I do have a similar reservation here. The Azerion deal is labelled exclusive. Does the exclusivity represent the entire bid service offering or just one aspect of it? Will there be significant revenue from other customers?
Nice to see DRB83 has written off his massive lost in NCYT and has now eventually moved onto some other stocks.
Steve if you are referring to moi , I don’t post often but here a long time and yes I have an awful lot of these as well.
DRB83,
You do realise that placings aren't the only way to raise funds?. There's certainly nothing which I've read which would suggest a placing is coming, quite the contrary.
Nice try
DRB on overtime and now Jonny 1 post appears.
Yes, I was wondering what revenue would be required for breakeven.
If admin costs are say £12m in 2023
Op margin is maintained at 40%
Revenue required to breakeven would be £12/0.4 = £30m.
I believe expected revenue for 2023 is £24m (not sure) so this would stack up with what the board are saying. 2024 will be the first profit imo.
The question for me is, can the bod manage the business to 2024 with the £4-4.5m cash they had in July.
Thanks , didn’t spot that reading on I phone, but I’d expect costs to navigate towards break even if not by year end , certainly H1 2023 . All good imo GLA
Juno, operating costs have halved? Can you elaborate please. Are you comparing 6 months to FY?
Also, the loss per share, you are comparing apples and oranges. 0.3p is 6 months 2022. 1.21p is 12 months 2021. Also, the weighted number of shares are significantly more in 2022 Vs 2021 due to the huge number of shares issued in July21.
Juno11,
Extract from today's RNS:
The interim results have been prepared on a going concern basis which assumes that the Group will be able to continue trading for the foreseeable future. Although an operating loss has been reported for the reporting period and an operating loss is expected to be incurred in the 12 months subsequent to the date of this report, the Directors believe, having considered all available information, including the cash resources currently available to the Group and the Company's proven ability to raise further equity funds from its supportive shareholder base, that the Group will have sufficient funds to meet its expected committed and contractual expenditure for the foreseeable future. Thus, the Directors continue to adopt the going concern basis of accounting in preparing the interim financial report for the period ended 30 June 2022.
These are the directors words, not mine:
Although an operating loss has been reported for the reporting period and an operating loss is expected to be incurred in the 12 months subsequent to the date of this report,
The directors are expecting to report an operating loss 12 months out.
And this:
and the Company's proven ability to raise further equity funds from its supportive shareholder base, that the Group will have sufficient funds.
Basically, the directors are preparing shareholders that a placing may be required in the near future. Some on here are convinced that a placing will definitely not be required.
There is a risk and it's only fair to highlight it so investors can discuss and make informed decisions with their hard earned money. Rampers won't like it.
Unless I have missed it , I didn’t read any where mentioning a raise. I also note unless someone else has mentioned it operational costs has more than halved and loss per share is 0.3 as opposed to 1.21 . Given as stated revenues are going to ramp up H2 those numbers are are going to be closer to Zero . What is not to like about that ?
Agreed Bottomz. This tool is as fake as it comes.
Didn't take long for the deramper comment. I disagree, I believe the market is bothered about cash flow. Lots of questions around whether a raise will be needed here. I think the business looks good. A good fast growing industry to be in and great potential here. I saw an issue with cash collection and wondered if anyone else did or maybe some lth's could explain it. No one has yet. All I have received is 'dont worry it isn't a issue'.
If you're one of those investors that just ignores the bad and just focuses on the good then ALB
Posted 11 times on here in the last 30 days.....all today!
So yet another deramper spotting the huge potential for exponential growth with Bids, so wants in lower.
Invents an issue, that the market doesn`t give a flying rats arris about, in order to create fear, uncertainty, and doubt...a FUD poster!
Its all part of the AIM game, but he knows the in-game advertising game is the place to be...thats why he`s here.