Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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The directors did not sell any shares.
They hold the same number as pre the placing but their respective holdings fell to 9.24% due to the issue of additional shares.
This has turned into a real sh*t show of a share, what a disappointment :o(
Just checking but I assume the reduction is due to the placing on Jan 28th?
Good Corporate Governance
Today BrandShield Systems Plc issued two TR1’s which appear to be similar.
The first thing that concerns me is that CEO Yoav Keren crossed a notifiable percentage threshold on the 4th February 2022 and only notified the Company yesterday.
That is almost 7 weeks to inform the Market they have reduced their shareholding. Is that good Corporate Governance? (I know the reason why their % reduced)
The second thing I noticed is that your CEO meant to inform you on 23rd March 2023 (one year and two months later) but it appears this notification was sent “early” by mistake!
I would expect another TR1 to be issued to correct the year to “2022” and maybe when they do, they could enlighten you as to why they feel that shareholders should not be updated in a timely manner as to when a major shareholder crosses a percentage notifiable shareholding.
RKB
PS The Share Registrar obviously knew on the 4th of February 2022 but did not think to prompt CEO!
The SP means little? Maybe in the short term, but as this as halved in the last 6 or so months it would be naive to ignore it.
I like BRSD - good products in a growth sector, but it's not just about growth - it's about getting to profitability. Based on the last financials it appears the costs are increasing at the same or greater level than the revenues. If this continues then the recent placing will need to be repeated next year.
I, and it appears the market, want to see this loss come down as revenues increase.
draft
interesting find
looks like part of the ongoing war further north
sad state of affairs
wish the ukrainians a quick end of this ridiculous attempt by putin to take over a democratic land
cat
The share price means little. All about following the company growth in clients, revenues and product.
Happy to continue buying at these levels.
and also the placing in Jan has strengthened the balance sheet allowing for the marketing etc to be continued to support the growth.
It is just the SP that hasn't been so great in Q1!!!
Looking like it's been a great Q1 for BRSD.
Multiple new clients signed and two key cornerstone clients secured may well take ARR through the $6m level.
It is certainly close and a 14% plus increase on the end of December bodes well for the coming year.
“which has already secured several key customer wins in 2022”
States Brandshield…..
Crypto gaming mandate secured.
Growth continues apace.
oh well thats a reveal indeed
its all under the same umbrella now of cyber attack regardless of method.
Does it protect against fraudulent Russian oligarchs. If it does we’re in big business.lol. Brandshield is way undervalued and services needed more than ever.
Brandshield protects against Fraudulent listings/ phishing not direct cyber attacks or has it changed
If they can attack safestyle UK who else is on the list
https://www.youinvest.co.uk/articles/latestnews/241355/aim-winners-losers-safestyle-uk-hurt-russian-cyber-attack
Anyone thinks there safe best think again. Brandshield products and services will be needed more than ever. Unlike a company with Russian assets having sanctions on them we will actually be needed to protect the assets of our firms.
This will will fly as the number of attacks increase. The Russians will retaliate with cyber war fare for sure.
Brandshield is not impacted by inflation etc so it’s one area to park your money I think
Ukraine live updates: Cyber attack knocks down government and bank websites
And Brandshield is valued at 3x ARR and that multiple will be falling rapidly on the growth projected. The SP will reflect the business eventually.
Good information draft.
I am good continuing to buy at these levels. It does seem cheap with $5.22m ARR at end December and contracts signed driving that ARR up nicely.
One day we will check the price and it will have jumped. Hoping that may be one day soon.
see the DARK rns, Darktrace is acquiring Cybersprint for €47.5 million ($53.7 million) to be paid approximately 75% in cash and 25% in equity, valuing the transaction at approximately 12.5 times Cybersprint's annual recurring revenue (ARR).
acquiring at 12.5times the revenue, - interesting so if someone came to take over BRSD theyd have to pay a premium most likely
yes this is the problem - the smaller microcap cyber shares have mostly been shafted. Osirium down to 5p today.
Theres still an outside chance one of the smaller mcap cyber companies like CYBA or BRSD does have a crazy rise but would need a huge contract or some crazynews to do it.
Working in IT there are "big" cyber attacks on a daily basis and regularly reported ones, so no it won't send the share soaring. The simple reason this share doesn't move (not upwards anyway) is it's a loss making tech share listed on the ftse, probably be very different with a US listing. Frustrating as I'm now significantly underwater on it!