Member Info for amirichyet

Think he's gone to the Bahamas with JW where he can sit in quiet contemplation of a job well done! #unrelatedcompany (rocketship emoji)

... disclaimer major potential caveats to my calcs! Anyway think price action is quite interesting today - very tight - big buyer or seller hoovering up maybe?

yV00 - the way bids are accounting revenue means they only need to hit £1.44m to get £6m by my previous calcs!

Ok update for the weekend challenge and we have a total of 0 entries! Maybe the prize wasn't large or existent enough for any takers! Still time people so will leave it open for a bit more - tempted to award it to the poster that mentioned more consoles being sold at Currys if no entries by tomorrow! Quick recap:

Feel free to post quotes (anon. of course - watch those NDAs!) or any insight from 3rd parties using Bids tech and you could be in line to be crowned king or queen of the weekend challenge!

GLA

Cheers BGW - agree 24% doesn't look too shabby and looks like what FM was bringing in mostly. Highlights for me that the accounting for revenue policy is an interesting choice! - using the DSPs cost figure as your own revenue figure, and not usually allowed under GAAP with an agency relationship. This though does make hitting that £6m target much easier - £1.5m sales should do the trick! Maybe this is why JDs not too worried!? Agree though scalibility is the key, which has not been shown to date but there are tentative signs about. Impossible to know at present as data is so limited and everything on lockdown.

Ok no posts yet for the weekend challenge but fear not there's still more than 24 hours to go. Could be a prize for this (no seriously). A quick recap:

Feel free to post quotes (anon. of course - watch those NDAs!) or any insight from 3rd parties and you could be in line to be crowned king or queen of the weekend challenge!

Evening bidsters - talk about this £300k of sales for year ending 31/12/2018 got me thinking so I've been doing some digging on the figures. Here's my take:

Ok so for:
Year ending 31/12/2018 we have £316,906 sales, £240,849 cost of sales (note 93% of sales to one customer only here).
6 month period ending 30/06/2019 we have £26,692 sales, £20,286 cost of sales.

A few interesting things from the above:
The gross profit margin for both periods exactly the same at 24% (good to know).
But this throws an issue for me: Why should there even be a 'cost of sales' figure for an advertising business? With an agency you would not expect cost of sales. Can only lead to 2 conclusions in my view:
1. Bidstack NOT acting as an agent but buying advertising space from the games pub. (say in bulk) and selling on to demand side clients. Bidstack thus taking the financial risk/reward of matching the two sides to generate max profit.
2. Bidstack IS actually an agent between the Demand Side and Supply Side and the accounting not quite done to standard shall we say – and follows that actual sales should have been reported as £76k in 2018 and £6k first half of 2019.

Problem for me here is that a 24% constant gross profit margin points to an agency relationship and to no. 2 as the most likely candidate.

Any thoughts welcome on this but at least I think the margin figure has been extrapolated as many questions have asked on this in the past.

Fursake think it was £26k or so rounded up!

In the spirit of Xmas, and a nod to deep research, to using our collective efforts to help one another how about a weekend challenge?

Bidstack have a few DSPs and SPSs we all know about, tradedesk, densu, game engines etc. Now these are massive companies with lots of people so I'm sure some guys here knows someone (friend of a friend!) in the Dev or advertising space that has worked on anything Bidstack.

Feel free to post quotes (anon. of course - watch those NDAs!) or any insight from 3rd parties and you could be in line to be crowned king or queen of the weekend challenge! Winner announced on Monday - Go deep people!

Mlf51
Yes he definitely did change his mind and is back in - am just highlighting the flip flopping as nothing has fundamentally changed company wise from his previous position. Not saying anything wrong with this just understand he's a trader, another thoroughbred from the vox stable! The ramp money is back in so fully expect share price to rise next week - that's all.

Alan Green not too long ago in a podcast said he sold his stake in bids! At least it looks like there's a concerted effort from a few fronts to do a mini pump and flip fomo next week.

Take your point deepjoy, will not be going after a falling knife as if I do decide to top up it will be based on actual/better data. My overall position now though is a fraction compared to pre director sells.

My strategy here now is to hold what's not too uncomfortable to lose another 50% but being enough for moderate potential upside (insert rocketship emoji). Think general consensus is 2nd half revenue guidance is way off so will have something to top up at bargain basement prices if I still believe in LT prospects at that point. All talk about collaborations, contracts, strategic partnerships, advisory board, buy outs, apart from FM at the moment is mostly PR guff and speculation. News blackout means just that usually - no news - and seen nothing 3rd hand to corroborate that the bidstack SDK is being used at any scale ATM. Plenty of time to get back in one I see any hint of proper traction in other games. Hats off to JD and JW tagteam though in the 'newsflow period'- well played. Am intrigued about the Xmas present though!

And now we await the RNS...

You going to the meeting TM?

Can't wait for the next platform161 festive giveaway, case studies for xmas, these guys know how to throw a party!

This is not a proper case study, this is a three page document, one page being the glossy front cover, half a page of quotes and maybe a page of narrative even I could cobble together in 5 min. Is this the Xmas present!? BIZZARE

Hands up who wants to go to JDs meeting? It's a virtual meeting, so virtual it doesn't even exist!

...which is why I think this meeting story is made up BS

Roley - no not unless we all get an invite. He should start acting like a director.