focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
EarlofAim - clearly a deluded spammer
500% upside on here before end of November 2022
Get in before the herds arrives (research and make up your mind, before this ballistic, Ex CEO of Tesco doesn't buy any companies)
https://twitter.com/BrandShieldltd/status/1531312732871577600?t=q4gSugiNhoCODgiA9F4-Bg&s=19
https://twitter.com/BrandShieldltd/status/1531294860032065540?t=eEbHcwk1juaoBgVuk0fJHw&s=19
#BRSD
Note that Terry Leahy and William Currie Investments wiped out the placing, thereby diluting the Israeli's hence their reducing TR1 announced today.
official twitter account from the company has been active recently, even today,
there is a message for all the holders if you can comprehend the tweets.
5 bagger coming!!!!!
brandshield is going to take off in a big way.
Waste of time share unprofitable company with growth slowing... and I'm a shareholder!
brandshield does exactly that 'BRAND PROTECTION'!
already the likes of Levi's clothing company uses brandshield online protection for their brand.
Many more will start to join Brandshield to get their High end brands protected from online fake merchandise.
Three TR1 RNS's in the morning put many off.
Rns dated 27 May, just need to clear the sellers or sellers probably coming to a halt.
Good news should take this back up to 20p+
"100% upside on Monday" The EarlofAim ; your aim was somewhat off. I dub thee Nostradamus lite.
Brandshield Systems jumped 17 per cent, or 1.4p to 9.65p after Sir Terry Leahy revealed a 6.96 per cent stake. The former Tesco boss, who is chairman of Morrisons among his corporate interests, bought shares in the cybersecurity company's £1m fundraising this week.
Chief executive Yoav Keren said the money means it can capitalise on 'a significant market opportunity'. Last month it won a contact with a pharma firm to identify and eradicate online threats, including fake pharmacies
I hardly use STRONG BUY from the drop down menu, however this time I am.
Strong buy
https://www.dailymail.co.uk/money/markets/article-10861845/MARKET-REPORT-Deliveroo-Just-Eat-shares-notable-fallers.html#article-10861845
could see 100% upside on Monday as free float got tiny due to huge 17% took by ex Tesco boss and his investment company.
Brandshield Systems jumped 17pc or 1.4p to 9.65p after Sir Terry Leahy revealed a 6.96pc stake. The former Tesco boss, who is Chairman of Morrisons among his corporate interests, bought shares in the cybersecurity company's £1m fundraising this week. Chief Executive Yoav Keren said the money means it can capitalise on 'a significant market opportunity'. Last month it won a contract with a pharma firm to identify threats, including fake pharmacies."
Excellent. Means the sp will increase on Monday. The daily mail effect
The valuation isn't actually the only positive - growing ARR in approx 5 months by 15% does not seem bad at all in the current, inflationary environment.
Looking at historical numbers growth is slower in H1 compared to H2. I make ARR growth over 6 month periods as follows:
Dec-19 $1,920,000.00 0%
Jun-20 $2,350,000.00 22%
Dec-20 $3,280,000.00 40%
Jun-21 $3,890,000.00 19%
Dec-21 $5,220,000.00 34%
May-22 $6,000,000.00 15%
It does show the growth rate is slowing, but that doesn't seem surprising to me given the macroeconomic situation.
Also some referenced below competitors (such as Red Points) having over 1000 customers vs Brandshield's approx 145. My understanding is Red Points covers the whole market (starter, professional, advanced and enterprise plans) vs BRSD targeting mainly blue chip companies, so ARR per customer should be higher for BRSD (I make it approx $41k per customer.)
All that being said, I'm equally disappointed by the fundraise, lack of info they gave vs Jan 22, and no reference to profitability / how long the cash will last.
I also didn't like the reference to 'budgetary restraints' given recent Jan raise (suggests they will continue operating under budgetary restraints...?) and "Further investment in BrandShield 3.0, which is now central in driving both existing customer retention and new business pipeline"
Further investment "now being central" reads as though, if they didn't invest further capital in 3.0, they would lose ground on competition. Makes sense, but sounds a bit desperate.
Only positive for me is that a SAAS company should probs be valued on 5 x ARR. Converted to GBP I make it we should be on approx 17p per share, so 50% upside from here.
"Brandshield Systems jumped 17pc or 1.4p to 9.65p after Sir Terry Leahy revealed a 6.96pc stake. The former Tesco boss, who is Chairman of Morrisons among his corporate interests, bought shares in the cybersecurity company's £1m fundraising this week. Chief Executive Yoav Keren said the money means it can capitalise on 'a significant market opportunity'. Last month it won a contract with a pharma firm to identify threats, including fake pharmacies."
BrandShield
@BrandShieldltd
Heard this? 70% of companies are planning to increase their investment in #cybersecurity - but which type of security solutions should they focus on?
In this blog we explain the importance of #threathunting to secure your business:
https://hubs.ly/Q01ccRNG0
#BRSD
The January fund raise resulted in an additional 10.71m shares. It looks like William Currie took up 3.57m then, Sir Leahy's position prior to this weeks fund raise was 3.57m shares, which could imply that he also subscribed to the January fund raise in the same amount again as William Currie. Sir Leahy is connected with the William Currie group as per their website. The subscription price in January was 14p and 8p now, so that could put Sir Leahy's total investment at c£1m total - £500k for January fundraise and £500k for May fundraise. So the January fundraise could be two-thirds Currie/Leahy, and one third some other parties. May fundraise was 100% Currie/Sir Leahy. Not stating all this as facts, just some speculation based on piecing together and making some assumptions from the information available.
I have a different opinion to many on the board today. While they see the positives from the parties, in particular SIr Leahy, that subscribed to this weeks fund raise, I view the fact that another fundraise has been needed so soon after January, that it is at a substantially lower valuation than January, and that the implied YTD 2022 Brandshield progress in customer/ARR numbers in my opinion are not great (decelerating) as more negatives.
If Sir Leahy is already in for £500k of his own money and William Currie is in for maybe >£1.2m at higher valuations prior to this week's further fundraise, what options do they really have if the scenario is (not saying that this is indeed the actual reality of the situation) that Brandshield is facing a cash crunch and need an injection ?
Companies can often put out statements that create a positive spin on things, but the reality is something different. Not saying this is the case here, but worth considering. Look at what companies are saying, but see if that is stacking up with the numbers. 2021 growth looked good, 2022 I am not so sure.
Actually the info is contained in the RNS on 24/5 - i just didn't read that far down. Only 2 subscribers - Currie and Leahy. If i had bothered i would have topped up earlier this week!!!
nicwe, thanks for the reply and yes all seems logical.
A bit surprised the fundraise was taken up by just 2 people/companies but your rationale that Leahy was already a shareholder makes sense.
Still wouldn't be surprised to see another Tr1 in the next few days.
Hopefully all the bad news is out of the way now and the SP can start moving forward.
worth researching over the weekend!
multi multi bagger coming in the near future.
join the dots
@shandypants2 - Tracing back through the TR1 notification RNS's and doing some sums, if I have got the maths right the positions could be as follows:
William Currie held 5.43m shares (see TR1 notification RNS 12/11/2021) prior to the 28 Jan 2022 fund raise. Spreadex Ltd appeared to be quite a large seller according to theirTR1 notifications over 2021.
William Currie subscribed to the 28 Jan 2022 fundraise, so their next batch of shares taking them up to 9m (see TR1 notification RNS 07/02/2022) could have been new shares issued by Brandshield from the fundraise rather than bought on secondary market.
Now the latest fundraise earlier this week saw William Currie shares increase to 15.2m (TR1 notification RNS 27/05/2022), again new shares issued by Brandshield rather than bought on secondary market. Brandshield issued 12.5m shares for this fund raise, William Currie's position increased by 6.25m (from 9m to 15.2m), which would imply that William Currie went 50/50 with Sir Leahy and Sir Leahy acquired 6.25m from this fund raise.
Sir Leahy TR1 RNS notification from today states his total shares as 9.82m, so if 6.25m came from the fund raise (new shares issued by Brandshield) then he could have already held 3.57m prior to the fund raise. The 3.57m would have been below the 3% ownership notification threshold so that's why we may not have heard about his prior position before this.