focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
The $16m isnt being paid to LBE. Its going into the JV.
They are only valuing the whole of the Norwegian assets at $16m (not $32m). For their $16m Japex are getting half the Norwegian asset plus half the $16m.
Seems low valuation given everything LBE have spent over the years.
Looks fully valued now. LBE's share of the Norwegian JV is worth $16m, about the same as the market cap.
The cash will quickly be used up on capex.
Will be a long wait for newsflow so could drift down to 10-15p range.
Disappointed that revenue didn't come in higher. H2 similar to 2021 which was impacted by Covid - was hoping for much higher.
Based on £5.5m revenue Zeus were forecasting £47k profit. That's a PE ratio of about 30.
Expensive and not in the best sector with the cost of living crisis.
Video of Kroger ads in Madden.
https://youtu.be/7gxHJ9lMw1M
Looks so good. Big and clear and so much screen time. Great brand exposure.
Bidstack are running a campaign for Kruger across their games, including Madden.
Kroger are the largest supermarket in the US. Over $140bn of revenue. More than 3 times Coca cola.
Should have said 'it has been free for years'
Same as EA's other major sports titles on mobile. They make money through advertising and micro transactions. And now we know Bidstack are an ad partner!
There's only one version of Madden mobile and it has been free for year.
It's one of the most popular sports games on mobile in the US.
Serving ads in Madden Mobile is huge news. Not only for the ad revenue but for the fact that EA are now using Bidstack. EA are a $35bn company with $7bn of revenue. They have the biggest game franchises on the planet.
BIDS displaying ads in Madden mobile. Huge news!
People really should join the telegram group. A techy guy in the group showed that the Bidstack SDK was recently put into Madden mobile.
Some websites also provide a service of analysing apps for sdk integration. Like this one:
https://42matters.com/sdks/ios/bidstack
This shows the top 5 apps, by recent download numbers, which have the Bidstack SDK.
There it is in black and white. Madden NFL 23.
McDonald's ads in UK.
Bids still serving Open Market ads in games in the US and Europe. Dont need Azerion for that. Fully automated. Revenue still flowing.
Suggest people join the telegram group for better discussion and screenshots.
Just seen that anzu got valued at $200m in their raise in 22, and Admix valued at $300m in their merger in 22.
Bidstack at $32m with $10m+ in cash.
Hugely undervalued. 10x undervaluation compared to peers.
Getting some details on the Azerion situation and it is looking much better.
Azerion press release posted above and also a press article.
Bidstack have sued Azerion in Dutch court.
Importantly there are no counter claims from Azerion - theyre not suing Bidstack.
Bidstack are suing for unpaid invoices and may sue for damages of $30m.
Azerion think the proceeds from the contract should be lower.
Therefore the downside for Bidstack is now limited.
Worst case is that the outstanding invoices for the last few months aren't paid and Bidstack find another European reseller, or sell themselves in Europe. Bidstack can always drop the court case.
I think it's likely to settle out of court and Bidstack will be paid some cash.
Incredibly cheap at this level. Limited downside and huge upside.