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Buy some shares then we will delist!!
Attractive proposition.
Another AiM scam
First of all, that's needlessly anti-semitic, so knock it off. Secondly, the key people and institutions that are f-ing you are almost entirely British.
Hmm another Israeli terrorist attack
Sure, and if you're willing (or able) to keep an unlisted/private share for 3/4 years until the Company is sold or re-listed, then the group's 5.68p investment is a good sign for you. Otherwise, this is a case of 'They did it because they can....' and a complete whiff by the Takeover Panel.
A total disaster
5.68 pence per Ordinary Share is over 25% of current price. Both Sir Terence Leahy and William Currie both subscribing to another $500,000 each.
The placing is the least of the news. Shares are being de-listed without a group with more than 30% having to make a bid. Outrageous
Well, I was wrong about needing another placing!
Raise $3.32 million (£2.68 million) in a Subscription of 47,137,662 new Ordinary Shares and up to £2.20 million in an Open Offer of up to 38,669,962 new Ordinary Shares, each at 5.68 pence per Ordinary Share (in each case before expenses)
- Strong new business momentum achieved in the first half of 2023, with the Company securing 45 new customer wins in the period to take its total number of customers to 209. This growth continued post-period end, and as at end of August 2023, BrandShield services 214 custome
Def seem to be doing something right and most of their business is in the USA
Impressive results, Brandshield does always hit it's financial targets, so the estimated end of year Revenues of $11 million looks very achievable. With revenue growth continuing at such a high rate, and operational costs reducing, who knows, maybe we'll be in profit by year end...
And then there is the added bonus of Brandshield's holding in WeShop, conservatively valued at $3,840,920. All for a Market cap of $7m.
Hi Shandypants2,
The company has stated in it's Final Year results from July, that: "the Company believes it will get cash flow positive during 2024 without the need for further funding." and also :
“an increased emphasis has been placed on achieving a cash flow generative position in 2024. The operational cash burn has been significantly reduced through various initiatives including the roll out of the enhanced 'BrandShield 3.0' platform to the Company's clients. This has allowed greater automation to be achieved leading to wider re-structuring within certain areas of the Company, particularly within the enforcement division. Other cost cutting has been achieved including a reduction in cloud based costs. The Company also holds legacy investment assets that it is seeking to dispose of in an orderly way. Opportunities may arise to dispose of these however the Company is not reliant on this in a going concern scenario. In addition, the directors have undertaken sensitivity reviews of the forecasts to model the effects of lower than budgeted growth and believe that cost reductions would be achievable if needed (albeit to the detriment of the Group's long term strategy) if required to avoid the need for a fundraise within the next 12 months. These measures would include if required the Directors deferring an element of their salaries. As such, the Directors consider that the Group will have access to adequate resources to meet operational requirements for at least 12 months from the date of approval of these financial statements.
I'm guessing that would be why Sir Terence Leahy and William Currie were prepared to buy more shares back in May, otherwise why risk dilution?
BrandShield Ltd has an agreement with Leumi Bank to provide a revolving credit line facility of up to 8 million NIS (c. $2.2 million) for 24 months, ending on 26 September 2023, the renewal of which is in the process of being negotiated by the Company. The credit line bears a competitive interest rate. The facility allows drawdown of up to four times Monthly Revenue (net of churn) and includes covenants of a type typical of such an agreement
At 30 June 2023, the Directors' view of fair value of the Company's investment in WeShop Ltd is $3,840,920 ($3,663,072 at 31 December 2022). This remains in line with the aggregate cost of investment. While WeShop remains pre-revenue, the Directors continue to believe that social commerce represents an exciting and authentic digital shopping opportunity, particularly post Covid-19 which has driven more traffic online and away from the high street. While the Directors are hopeful of a deliverable transaction at an attractive valuation, they consider it prudent to continue to fair value the asset at cost
Strange timing - why not wait until 7am tomorrow.
revenue growth and gross profit increase looks good, but still making excessive losses (over £2m for this 6 months) and marketing spend is now £2.5m, almost as much as the gross profit.
Cash burn is reducing but with £1.3m cash in bank and there are a lot of trade payables on the accounts so i'm not sure there is sufficient cash to get it to cash positive.
That was a surprise release after the close
Looks like they are making real progress
https://www.lse.co.uk/rns/BRSD/half-year-results-for-6-months-ended-30-june-2023-jhavfkm5pmr7xuk.html
Shh, the longer the better... just keep accumulating ;0)
Luvvly Jubbly
Totally under the radar
I would imagine tbis gets taken over by a larger co
Current market cap is laughable
The assessment of the final tranche of the long-term incentive plan options, scheduled for June 2023, would have been based on the May 2023 ARR figure of $9.3m (RNS 03/07/2023). However, this falls significantly short of the upper end of the incentive plan target of $13m, indicating that the company is far from achieving its ambitious goal.
In May, the bid price for the company was around 5p and possibly even lower. However, after the RNS announcement regarding increased shareholdings from Currie/Leahy, the share price started to rise above 7p. Since then, there has been a gradual decline and bids are now back at the 5p level. We are hopeful for an upcoming RNS stating that they have surpassed the $10m ARR milestone. According to their publication, they were at approximately $9.3m by the end of May.
In May, the bid price for the company was around 5p and possibly even lower. However, after the RNS announcement regarding increased shareholdings from Currie/Leahy, the share price started to rise above 7p. Since then, there has been a gradual decline and bids are now back at the 5p level. We are hopeful for an upcoming RNS stating that they have surpassed the $10m ARR milestone. According to their publication, they were at approximately $9.3m by the end of May.
The financial calendar for the year is not available.
Subject Line: Absent Annual Report 2022
Rephrased Content: The annual report for 2022 is currently unavailable.
Follow brandshield on my watchlist, I have a couple of other SaaS cyber shares - by the way this is NOT a cyber play.
What does put me off is the large CEO general remuneration and salaries, these are so far out of whack compared to the market and the value they could add.
Why should they get locked in? They are not going to be board members?
They have only been listed since covid on the uk market
Methinks ye talks sh%t
On the WeShop point, I think they are now able to offload their stake if they can find a buyer. I imagine it would be one of their priorities to offload non-core holdings to raise cash to fund their core BrandShield operations. If they wait for a full WeShop IPO on a main trading board then I imagine they will get locked into another period ( 1.5-2 years ? ) of not being able to sell as existing shareholders at IPO date. My interpretation is that there is no buyer at the price they want for that size stake of WeShop. In terms of early stage company, I think Brandshield have been in existence for 10 years, so I am not sure how long it takes to get our of that early stage label.