Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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As many will know, because of my previous investment in New World, I have warned of the issues relating to the repayment of that loan later this year. These boards would be useless if anyone concerned about something did not change their tune when circumstances also change. I would now like to congratulate the company on achieving the investment from Ipsos. New World (and I still call them that) will be repaid and working capital is there for some time. Although cash burn is high you can now see the wood from the trees. Well done. The Ipsos investment could mean a future takeover by them, but it is never for sure. For example I was involved in ASOS when Bestseller built up a share of 29%. Everyone thought they would seek to takeover ASOS but actually they simply wanted to cement their working relationship with them and that has lasted for many years now. Good luck all.
Thats the gamble here Older. Everyone knows this is a huge punt. Dwindling cash reserves and the impending loan repayment/dilution were a big overhang which has now been removed. Ipsos has a huge global reach, and for a �9m macp company the rewards of this relationship could be huge for BST. No institutions as yet on the register but management have a lot of skin in the game and the directors all took their fees in shares back in August at 18.5, and also contributed to the raising at that price. It doesn't look like any of them have sold a bean since then. Scroll down the board and you'll see the frustration in this share after many bought in after TWs huge ramp. A few links for you to decide what the market potential could be. https://www.bigsofatech.com/investors https://res.cloudinary.com/big-sofa-tech/image/upload/pdfs/Admission_Document_2016.pdf https://www.ipsos.com/sites/default/files/2018-03/ipsos-presentation-annual-results-2017_va.pdf
I reckon its more about IPSOS protecting its reputation with this investment, because the only thing that's been disrupted up to now is that. A third of the sum raised after expenses is provision for the New World debt and the rest will go on paying wages. Have you seen how many directors this Group of two companies, BST, has?
Question to those in the know here. Is Big Sofa's technology really disruptive? Can someone please explain the scale of opportunity? Why hasn't the market picked up on it already? Cheers.
Yes indeed .Been forced to looking down the back of the sofa for some shrapnel having been stuck in here
Well its not very often that 20% of mcap is raised at a 45% premium to the closing SP on this market. This is a great vote of confidence in the product. and strategy This will allow redemption of the notes, further investment, avoids the need for any further dilutive fundraisings and gives access to the experience and global reach of Ipsos. Hopefully we see some results soon with new material contract wins to follow this up. Look forward to seeing the SP get a boost today, I'm deeply in the red on this one
That will probably be the Fool dumping then. As i’ve said before (last on 25 Nov) BST now has just 9 months to find GBP600,000 to pay back loans. If you can see that happening then invest...if not...get out before mass dilution and destruction.
Not hard to see why the SP is falling. Regarding their technology. There was an article in the FT about a fully automated Amazon Cafe, where the customers were tracked using Video recognition. The article said even Amazon haven't been able to fully automate Video analysis. So, if Amazon cant yet do ti, then I just wonder what BigSofa is actual doing with their Videos, other than just getting someone to watch them , manually, and running the voice through an off the shelf speech recognition program.
SP fell cause someone dumped 700k in shares this morning. And it was a contentless trading statement. Whats the cash balance? Broadening client base...surge in the number of proposals...sounds expensive. I smell another capital raise. They mentioned customers are poised to increase spend twice But I agree KUMS, this will take many years for BoD to fulfil their ambitions. This is a punt and I'm sticking around purely for the impressive client base
rise? It takes time and that's why I said this needs another 2 years to things to happen & income etc. Market don't like what they see.
TW(at) sharemuppets should hang his head in shame for inflicting yet another cash incinerator upon the band of fools who pay for his 'expert advice'. Utter charlatan
Lukewarm reaction this morning. 'Material' could be only £50k given only £0.5m in H1. Hopefully they have more contracts or positive 2018 outlook lined up to soften the blow of the trading statement later this month, given no announced contract wins in H2 I'm expecting it to be disappointing.
I totally agree!
tell us the numbers! you are a public company ffs
Only a matter of time until something materialises, far too much noise for nothing to be going on.
Negotiating with Nestles and McDonalds for big contracts. Three times current market cap if successful. Currently at nearly 30% discount on successful September placing. So where are those signatures eh?
Have heard that also. They've been working with huge multinationals so I won't be surprised if we land something massive very soon. Hold tight and watch...
Seems to be a bit of a bounce today. Hopefully you're right STrader. Been waiting a while for some contract news. Down to £8m Mcap, only £65m shares on issue this will fly on some good news
I think they are burning through £300-400k per month so the cash the cash that was raised a few months ago may be gone soon. If they need to tap the market it will be at a vastly discounted price (if they can at all). Volume is pitiful so it doesn't seem like anyone with a significant stake has cashed out but there is zero reason to buy this in the absence of any contract news. T this one might be a fizzer, the directors perhaps overconfident in their execution in winning over the big companies. If its any consolation the directors bought into this much larger than any of us and got burned as well. But there is still time and often patience is rewarded in this game.
kums, it's not difficult to work it out
still! What do we not know here that is the cause of such a heavy fall? Hmmm!
closer to 10 than 15. I can't help feeling this is overdone
Closer to 10p then 50p!
The Placing was for what 1.4 million in August. The cashburn is about 2.1 in six months , so about 350K a month. That's an estimate from the interims. There have been no new contract announcements. Just saying.
More tip disasters for TW. Kefi today. Others Wsbn, Flx, Nice. The one he said to sell at 0.32 or 0.35 is now 0.52. Ticker Vela. Hmmm