RE: Genuinely a good time to be in here10 Nov 2023 10:21
Email, I’m not sure why you specifically asked me but here we go. End of year is 31st Dec so expect a trading update any time after that. Last year it was mid-Feb. As the trading update needs to be pretty accurate, it needs to include all revenues up to and including 31st Dec so don’t expect to hear anything on 2nd Jan.
As far as prospects, my own opinion is purely based on the value of the IP within the business. There’s the IP in both Bidstack and Pubguard to consider. The current IP and continuing investment in R&D means the underlying value of Bids is growing despite revenues. Then there’s the fact that, though revenues have not been quite what most hear would expect or like, this is still an embryonic product. I would suggest that in terms of the tech, Bids are way ahead of the competition and poised to dominate this area of MarTech.
Unfortunately, the board have not behaved in a particularly professional manner, both in terms of communication and financial prudence. I think though that lessons have been learned.
For my own part, I’m not expecting to get rich overnight. No one sensible buys into a tech company to do so. The foundations have been laid and time will tell as to how this moves. The IP combined with such a low share price makes Bids extremely vulnerable to a takeover and that’s probably going to be the saviour for many here.
GLA