The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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I feel your pain, Yes2014, and I think the corporate plod has questions to ask, since clearly, the bidder had access to privileged information, to put it politely, that wasn�t in the public domain before bidding. When the books were ruled off last Sept just 571 of the banks clients were using the Freeagent software, which had grown to circa 1300 by the time the numbers were released in early Dec. That figure now stands at over 10,000. Bidding only a matter of days ahead of a trading update, locking up FreeAgent Directors so the usual caveat of backing the bid unless a higher offer is forthcoming and with the subscription growth trajectory front of mind, the deal is great for the bank but maybe not so for everyone else.
Sold out last week at a 30% loss - sick.
Got my money back plus a couple of bob, thought I made a mistake buying -just shows you can never tell on aim.
Oh how we laughed..
Nelson Mendela!
Share this video https://youtu.be/UlksZfgduPY
The announcement that MTD will not apply to businesses under the VAT threshold means that a large chunk of the potential market has gone.
Momentum is building here! Future-proof product in a growing market. This one makes perfect sense and is a challenger to the likes of Xero. I'm also in Ideagen and missed the boat on Kainos 12 months ago - not missing this boat!
Latest RNS -freeagent the accountancy pack for small business's on track and looking to grow very significantly indeed with deal announced with RBS bank which will be kicking in shortly. Should do really well this year and grow like topsy. Freeagent's share price moves up and down on very small share buys or sells so any good news can really make it move. l Have just bought in on recent dip hoping for a double by next year-looks way overlooked at the moment
seems to be the quietest BB share in the UK. i'm fairly new to this company but so far, I like the idea of servicing the micro company sector (massive mkt) in a supportive environment thks to HMRC reform (filing corporate returns digitally, quarterly). Their revenue growth rate seems to be 30%+, but likely much higher going forward as they focus on accounting practice channel (as opposed to direct sales). This accounting practice channel has grown 100% yoy so it might be replicated this year again, so it might take total revenue growth 50%+ this year. This takes you to GBP 13mn+ annual revenues roughly. So at current knocked-down price of 100p/share (or 40mn mcap), its trading at 3x expected current year revenue. that's very low for a biz that captures gross profit margin above 80%. They have about GBP 4mn of cash in the bank, no debt. and their cash burn suggest they can easily cover another 18-21mth of biz activity, by which time they will generate maiden net profit. This is all I really know at this stage but it seems to me, this can be worth twice the current valuation as soon as we have updates on current revenue growth (quarterly updates soon?) Beyond 2017, as/if they seem realistically closer to profitability, this can easily be worth multiple of current mcap, but way too early to tell. btw, the CEO statement in the recently published annual report was very useful I thought. whoever is watching this BB, pls add any comment if relevant...thks LVI
they need shares dropped it and now NT
As outlined at the time of IPO, in line with its growth strategy, FreeAgent is dedicated to attracting more customers through its accountancy practice channel, introducing the benefits of FreeAgent to thousands of other businesses.
WHOOSH!!!!!!!!!!!!!!!!!!!!!!!!!!
...a decent rise here today
Had a gamble on these today. Hoping it pays off
To the fantastic world of AIM! Wishing you and the shareholders here the best of luck, you'll need it ;-) Need to research and find out what your about before i take a punt here