Member Info for BradleyBiggle

This looks so attractive. I’ve increased my position ahead of any trading updates.

The strategy is good and we’ve seen the new licence deals land - I want to be in before numbers are reported and this goes mad. Sure this can’t stay under the radar for long...

Charts looking so strong! Align first target is .5 and I can see that no problem on pure chart technicals.

A trading update should set this on fire... never mind another project win!

There’s nothing happening anywhere I’m following. It’s dead out there today!

Cheers EyeGuy - very useful, as I’ve quickly come to expect from you!

I had seen the seller mentioned but forgot to factor it in my thinking... I see how this was an avoid a few months ago, but agree it’s looking good now. If the rate of new biz wins are anywhere near as strong as they seem they could be - winner. People hold off closing before Christmas, you never know what might drop early Jan. They certainly seem to be able to retain these large clients. Customer churn is a massive factor in SaaS models so that’s great news.

Oh and new marketing/sales funded by raise, so the only thing we’re waiting for is to hear the new biz conversation rate and confirmation of improved margins?

Mines one, had a limit on but thought better of it and got some skin in the game before Monday. :-)

SaaS margins, 95% customer retention rate (apparently?), cutting fixed costs, new CEO, recent raise, chunk of last years loss down to asset write down, convertible loan/warrants only about 90K outstanding, market leader in fairly envogue sector, product and high value consultancy rev streams.

Still trying to digest it all but it seems like CEO has made progress so far and has a credible background. Have I got this about right, anything I’m missing so far?

I’m expecting it to bounce around a bit, especially given markets generally. I’m not aware of anything in particular other than likely a bit of profit taking. Trend should be great over the coming months.

I’ve said before, I’d be disappointed if there wasn’t scaling planned via investments in large projects... what would be the point of the business.

Skier likes to make that point but doesn’t like to respond to the fact that the new African refineries are intended to be financed via a joint venture partner. Presumably as capitalized debt rather than a profit share. Every business finances large investments this way, a placement would be a stupid way to finance it.

You just have to ask yourself whether you really believe the directors are going to try to raise that much capex and desimate their company in doing so. Or, do the obvious thing and finance it like any other investment over time...

IMO your reasoning is correct. I’m not personally too distracted by the movement of gold prices other than clearly an increase makes operating margins less of a squeeze. There’s some fixed costs to run the reverse integration operation after all. I suppose also a wider industry trend may be folks pulling out of growth equities and into gold and gold associated stocks. So I wouldn’t ignore the gold price, but it’s not my main criteria for aprasing WSBN, bit of a red herring I think.

The much more interesting story for me is the reverse integration and the margins that brings as you correctly stated. This after the resolution of a funding deal that caused the price death spiral to this point. You now have a company that is expected to demonstrate profit in Q1 and has opportunities to scale to other regions... for a pretty nominal price of a shell business.

This was a buy for me at 0.1, it’s a buy for me now and I think would still be a buy at 0.3 depending on your timeframe and rate WSBN can win and deploy more projects.

Should be in progress or even completed now. Live stream from site would be nice without having to contact a PR firm.

Oh, Happy New Year by the way. Nice way to start it :)

Oh! On holiday so totally out of sync! :-D

How has this stayed here today!? Amazing. Couple of lucky folks are going to buy in before tomorrow.

I can’t even get a quote for 500k shares! (Not selling anyway)

Was expecting this to roar off this afternoon so we might be at that point. Still, amazing how 3% doesn’t look like much gain... I’d be thrilled with that by 12pm normally :-D

Yeah, loan convertion was expected. So this RNS is just business as usual really. Quite a healthy balance sheet now I’d have thought with the previous raise, plus profits from Hondourous. Gives me confidence in the platform from which to chase and close new business! Feeling even more confident than I was last week! :)

I don’t blame you (or anyone for that matter) for buying yourself a drink with some profits at .3 :) I don’t suppose trading this stock is mad either, but why anyone would bother to flip I don’t know! I’ll apend the time researching for the next thing instead though.

changedmam - I’m around 50% up. I’m still not anywhere near tempted to sell.

I slaved my nuts off for 3% a day shorting FTSE index the last few weeks. Sod that. Show me another investment / trade or convince me that under mattress is the best place for my sliced profit. Otherwise I’m staying fully in.

EyeGuy - that’s bang on. I’ve been happily watching this and considering where might I do a small profit take. The question though has to be why would I? What would I do with the cash that is a better investment than this!?

So I’ve concluded I’ll not top slice anywhere soon, it would just penalise me HARD in months to come. I’m bumping through any financing for new refineries, others profit taking, general corrections if we see some crazy 80% in a day again. I’m not selling a single share till this whole story plays out in 12-24 months.

I’d be more worried if they weren’t planning on investing into new regions and larger scale ops.

If the margins are there, go get it. (I’m in longer term)

Just for fun, let’s entertain the idea they stomach all the capex of a 10m refinery via a placing. At what SP is that, 1.4 where we are now? Probably not right? So buy now?

I’m not a finance guy but placing strikes me as a strange way to finance that sort of investment. I understand you would typically just capitalise the debt. Every business does this, no? I don’t want to be complacent, maybe someone can explain why investing in large projects with good fundamental business cases is a problem though? :)