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Sorry if this is a repeat, I haven’t been on this BB purposely since yesterday.
19/8 positive RNS - advertising pact with Epic Games
22/8 negative RNS - change of broker (ie for me - warning signs)
26/9 positive RNS - extension of FM agreement
26/9 positive RNS - 3 year FM advertising deal
27/9 positive RNS - DAN strategic partnership
30/9 negative RNS - Interim results
28/10 negative RNS - Director dealings
29/10 positive RNS - Bryan Neider to Advisory Committee
18/12 negative RNS - trading update
19/12 positive RNS - new advertising contracts
I was hoping for something today to mitigate yesterday as the pattern above suggested but didn’t want to say for being “shot down” as yesterday was a bloodbath and I had enough “told you so” back home let alone from the boards. I just stayed away from the BBs. Still there are many unanswered questions about today’s RNS but better than another “kick in the teeth”.
I wavered and sold 25% yesterday (I wish I hadn’t) to reduce my weighting here and keep as cash in case the SP went lower so I could buy back in. This morning, I found it difficult to buy back in and now considering whether I should or stay in cash for more news early next year.
I have found whatever I do with this share to be wrong in terms of selling or buying and always at the wrong time. As a result it is probably best I stick with my initial instinct and leave the shares alone for 12 months and therefore ride the peaks and troughs.
Comms at this company are really poor and they need to invest in a proper Investor Relations department to keep news flowing while at the same time being considered and not giving anything too sensitive away to competitors.
“However due to commitments previously anticipated to be recognised in 2019 having been delayed, it is clear that the Company will not NOW meet its revenue targets for 2019.”
Either this is poorly worded, or it has NOW only become clear that revenue targets will not be met. IF reference is to £5.9m then MAYBE we are close to that number or certainly in the low millions? Am I being too positive?
A revenue miss is surely built into the current SP so at this rate I am thinking maybe the SP drop has been overdone and this is cheap??
I am excited at the new games, but overall disappointed with JD like everyone else.
Still at least the NEDs haven’t left which is an “acid test” for me on this.
What does everybody else think?
FYI FP is the CTO not CFO.
A bit of stock market history: Apple IPO'd on this day in 1980.
The stock, after splits, is up 69,000% since then.
True Bob, we are fortunate indeed.
In addition, I've also been banned from digging in the town centre!! I was told there was gold down there on this BB!! Never again!!
I still remember the day of the interims when the share price tanked to 18p and then massively rebounded. That was on dire H1 revenues but sentiment soon returned. Today just baffles me on no news so can only imagine it's based on blind panic and not being the 'last one to turn the lights out' syndrome.
Personally speaking I can imagine a company like Codemasters buying a chunk, considering their mammoth acquisition in the US would make a 10% holding here look like chump change. After all, it's a win win situation considering they are one of BIDS largest customers and so have much to lose if something dire happens to the company and much to gain on the cheap if it does really well.
At least it gave me the opportunity to buy 250k shares at 14p and bring my average down so should be grateful I guess and if this is oversold I hope the investors come back tomorrow (hopefully with some news as a bonus).
If you were the CEO and knew there were no/very little revenues to speak about to the end of the year versus market expectations and subsequently sold out on that basis then that is insider trading. Particularly since he had made statements on LinkedIn, podcasts etc of how comfortable he was and giving everybody a great winter break etc. As a senior figure of a listed company you need to be beyond reproach and his brokers, NEDs and legal team would have reminded him of the same.
I think a "penny just dropped" in my mind.
Question: Why would the company grant the Chairman 1m share options and the CFO 500k share options at a price of 20p a share in early November if they thought they would be worthless? You would expect the Chairman and CFO to have regular sight of the financials wouldn't you? As a result, I think the price should be at least 20p if not more come the announcement (whenever that may be).
In addition the sale by JD and FP at 20p would look really bad if there were no revenues as there could be a complaint of insider trading.
Just a thought, I may be wrong but as repeated on this board before, what has changed except the radio silence???
Don’t panic, the 2 x 125k share trades at 14p are mine and they are buys, not sells
Excellent Martbmth
Bob has given me very positive 'food for thought' during my time on this board, so I personally welcome his views.
Anyway let's try to remain focused on here and please use the board to discuss the company and not the posters.
I would be happy to join with 500k too
Thank you Supejim - you’re a star.
Otherwise has JD ever confirmed that the £5.9m is his target? The only reason I ask is, I wouldn’t want him to say “all is on track” versus his target but with his target being a much smaller number!!
Does anybody have a copy of the broker note referred to in this article from September 2018?
https://cube.investments/bidstack-bids-profit-from-a-whole-new-world-of-advertising/
If so, can you please post on here?
Thanks
Thanks deepjoy, I was not aware of this in which case this helps to steady the nerves a little.
Thanks Bob, but this is not what I was looking for as I have read this many times before.
I’ll DM you offline so as not to clog up the board but thanks anyway.
Thanks Bob, will take another look for it. I only ask as personally speaking (whilst echoing the thoughts of some of my fellow investors here) that it may be worth a follow-up and making that consortium larger than 15.
Echoing Martbmth below, I also worry that when news does drop it will be too late as even 100% up on 10p is less than what it was last week. If that is the case I may as well sell out my remaining 450k shares today and buy back the day before the market closes for Christmas. In addition what if we got bought out at 20p at that point, JD will say it is great news for investors as it is 100% more than the closing price of 10p and more than 3 times the IPO price, and while he wouldn't be wrong, most of us will have made a massive loss by then.
From my perspective if I don't hear anything shortly I have a difficult decision to sell now and crystalise losses and buy back later. I hope I don't have to.
Thanks Bob but I couldn't find it.
Was the username "mniy" and was it circa 5th to 7th November?
I seem to recall a previous post on here when a consortium of our investors (15 or so including some 'whales') wrote to JD and he wrote them a "letter of comfort". Does anybody recall this and who it was that posted?
Thanks MGXY, it would be interesting to know how consistent this is across territories. Presumably also, this will vary considerably by demographic too?