Member Info for guygad

Not a lot of chat addressing the stock performance in the last couple of years. Paul Hill doing his job?

That funny

Is Paul Hill no still banging the table on this?

Anyone is bidding 0.35p for this thing

Who he?

I've a full position in the name, so that my bias. But.... are we not due for a trading update?

Sorry to read of your losses. Your fault (same as my fault when I've made a bad call) but mostly the fault of Draper--what a wasted opportunity.

In nothing but a supportive spirit, take a look at Plant Health Care. The thing is funded, in a good sector, and to my looks to have solid prospects. Cenkos has good coverage which anyone should read before pushing in any cash. All this noted.... I've a full position in the name so I'm not a neutral observer. And to be clear I've had my losses before, most recently in ARC, ARIX and 4dPharma, so my track record is not without blemish.

Best of luck, and the like

Even if they get in a new management team and the balance sheet is magically fixed, they are not still only one of many in the field. The first mover luster of 2019 is gone and it's not coming back.

"Due to the continued comprehensive losses generated by the group of £7.572 million in the year

ended 31 December 2022 (£6.286 million in 2021) there is a risk that the Group may not have sufficient

resources to continue trading for the foreseeable future (see note 2)."

"As set out in note 2 a material uncertainty has been disclosed in relation to the Group’s going concern status."

Asking these questions is like a house hunter asking after the wallpaper when the house is on fire.

It will go lower still--the going concern statement is awful.

ThePublican777.... Indeed i do understand tech valuations but BIDS is not really a tech play more of a subset of the tech sector--a platform model which would result in any top line growth having a disproportionate growth in bottom line results. The problem is not the model but the execution by management.

I use the example 10x growth in revenues merely to show that the existing and future dilution in the share base will hamstring any impact on per share performance. No one believes that the company will generate 10x growth this year or more accurately last year, for we are still waiting for audited results.

Moreover, because much of the revenue is paid to ad agencies (as a cost of goods sold) the pass-through impact on bottom line results means that this platform cannot generate metrics that perform in line with near monopoly service providers like ebay, google, facebook, tiktok, etc., until it scales to the size of Tradedesk.

Again, the problem here is management execution--Draper's claimed, on Justin Waite's podcasts from 2+ years ago, that the company would build the fully functioning platform (three years work) in one year. Had BIDS fulfilled this promise it would not now be but one operator (and far from best of breed) in a crowded field.

Helx2: To be clear--I'm not suggesting that the share price will reach 2p. I'm suggesting that your 1.75p of investment per share is buying 2p of revenues (not profit) per share and only if they 10x revenues year over year and don't dilute the share base with another raise.

Unless BIDS blows out of the water the numbers (and if they have, why wait until June to release them), the next capital raise will take place at a huge discount--witness the numerous capital raise for any number of cash poor companies in the last six months. (And this is gonna get worse with the next interest rate rise.) Any number of '2nd half weighting/ huge pipeline, contracts poised to be signed' comments from the company is not gonna change this.

Currently BIDS has 1.3b shares outstanding, but we could easily see close to 2bn shares at the dilution. At this point, revenue growth wont matter--it will still be at pennies of revenue per share.

Assuming revenues grow 10x, and assuming no dilution from a capital raise, your 1.75p share investment will by 2p of revenue........ again, IF revenues grow 10x and without any dilution. If they only 4x revenues and dilute to 2b shares, your 1.75p buys half a penny of revenues,

Of course, we all buy stock for future growth but, for me, this management long ago lost any credibility.

Check out the cash burn, cash position and £10.5m of GW and intangibles on their balance sheet

Aparkinsonuk

That’s a weird ad mix for The Lake District. Could you get any more info on those ads—time of day, day of week, more precise location?

Whether one is pessimistic or optimistic about Bidstack, this would be an interesting insight.

Feeling like an idiot missing a joke, but to be clear the article is missing a decimal point—£2.95…. More than 6x return if it hits.

My guess: Friday 26 May

Thanks for this. Cynically, and not knowing anything else they wrote to you, I doubt their response could consist of anything else or contain additional granularity. That noted, responding to an email (and an email sent to the in this context) is encouraging and reflects well on management.

Okyo has the weirdest capital structure I've ever seen. Took a look at that a couple of years ago and ran in the other direction.