Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Are people selling because they are nervous of the impending TU? Or are they taking profit from the last funding round?Do people expect a further funding round? Shares went up c10% yesterday on nothing in particular and have fallen c14% today on nothing. Maybe mm’s are playing games?
Thankfully the options have a strike price of 3.6p and not 1.8p, as could have been the case a few weeks ago.
Can someone tell me what level the diluted share price needs to rise to, to reach the all time non diluted market high?
My view is that the market has already fully discounted a funding round. It’s not going to be at 3p as helx would have you believe. The gaming advertising market is growing quickly enough to grab the attention of VC’s. Did Anzu not just raise millions through VC funding. BIDS will tap into the VC market, as and when funding is required. I’m guessing that the wheels will already be in motion. Once completed the sp will add 25%, quickly, as is usually the way. The market will then concentrate on new business/revenue for 2021. Break even would be acceptable for 2021, moving into profit thereafter.
BIDS will raise money from VC’s, not from Jonny £1k. Once the funding is in place the shares will be back above 10p, quicker than you can say ‘foul’. The company are moving forward with their strategy in a fast growing market. VC’s will be all over BIDS like the proverbial cheap suit. I’am going for revenue of £6-7mln in 2021, which should see them break even. Remember! For advertisers it’s all about ‘eyeballs’. Gaming is where they’ll get the biggest ad penetration per dollar. Im buying now because i won’t get a chance in any funding round.
Native in-game advertising is in its infancy so the early movers are always likely to lose money before the market matures. Tesla ripped through cash for years, and a lot of people questioned the viability of electric vehicles. They are currently valued at €800bln. BIDS are now really well placed to take advantage of this new advertising medium. Whilst I agree that they will need to raise cash, in H1 21, if I had known that the revenue numbers, for 2020, were going to come in at £1.7m, I would have jumped at the opportunity to buy shares at 6p. So I have just jumped in, at 6p. I’am intrigued by the “other opportunities that BIDS are exploring”. Possibly a new revenue stream?
Keep calm, dear!! It’s only money
Bidstack sp will be 25p, minimum, by Easter. I’ll keep buying so long as the price action and news flow remain positive. Done the same with EQTEC and AFC.
Probably best to ask Herald. They bought 6% of the company at the last fund raising. They’ve an excellent track record so I’am sure that they did their due diligence. I’m pretty sure that they didn’t invest on a whim. All high growth business burn cash in the early stages of new disruptive technology. It’s always been thus. In-game advertising is disruptive because unlike tv advertising the advertising is immersive. The player cannot zip through the adverts because they are an integral part of the game. That’s what makes them so valuable to advertisers. It’s all about ‘eyeball time’. Research has been carried out to back this up.
Profit taking? Even if you bought at the placing in June, and haven’t sold already, you’d be mad to sell now. Sp was in double digits at the start of the year and will definitely end the year in dd. The news has been overwhelmingly positive and I expect that to continue. I bet you Herald aren’t profit taking. They’ll be in this for the long game, and so am I. IMHO I think that the shares will hit 20p, before the year end.
Britbox will a huge success, and revenue source for ITV, going forward. Content is everything in streaming and Jonny foreigner loves British content. Once this is rolled out globally the subscriber numbers will be huge. I wouldn’t be surprised if ITV are acquired by one of the big players, for ITV’s content and their 50% share of Britbox.
He licks his wounds and scuttles into the undergrowth. 2p or not 2p, we’ll never know.
Helx. You’re like a broken record. We are still in H2, if you hadn’t noticed, and the H2 performance “will be very significantly second half weighted”. The company has made even further progress since June, so where is the bad news? A booming industry, takeovers of developers and a new ad based income stream. Can you smell the roses?
Silly me. How did I miss that in June. What interim results?
The sp is up a miserly 0.5p since the Ubisoft and Real Cricket 2020 announcements. Who is selling? Is there still an overhang from the placement? I can’t imagine that there are too many shorters out there. Small investors seem to be the only buyers/sellers. The sp needs to see institutional money.
The sp should be up in double digits on this news, coming so quickly after the Ubisoft announcement. The timing of Stifel’s ‘buy’ recommendation is all the more interesting. Global, targeted, online in-game advertising. Get onboard guys!!!!
Stifel’s timing is interesting, though. I suggest that they might know a bit more than you or I about the pipeline. I do know that the games industry is booming, as backed up by Microsoft’s purchase of a large games developer this week, and In game advertising will grow exponentially from here. The pie will be large and BIDS are in pole position to take advantage of a massive ad market.
Stifel resume coverage, of Bidstack, with a ‘Buy Rating’.