Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
The steady growth we are currently seeing in the SP bodes well. If we can see continued increments to say 4-4.5p before a TU then I will be delighted. After a positive update, probably falling mid December, we could we’ll see that doubling, maybe even double figures early into the New Year. At 10p the market cap will still be under 130m, so plenty of further opportunity from there.
helx, can i suggest you pop down to Bosham, stand on the beach and try and stop the tide coming in, I think you might have a bit more joy!
Clearly your biggest dread helx. Something touched a nerve. Every possibility this will become reality, why do you think they have been raising funds to develop the platform which gives commercial rights holders, such as ‘global sports teams’, control over adverts that appears in their licenced IP.
This has FIFA and EA sports written all over it, you may scoff, but it is coming! You’re right Girdz, I’ve been here a while and I can exactly what is going on here, I sense from helx’s desperation so can he…
My son mentioned this week that he had seen adverts in FIFA for the first time, including; MacDonalds, Coca Cola, adidas and Hyundai, amongst others. Obviously FIFA is owned by EA sports, of which there has been much speculation that they are the AAA publisher that BIDS have an agreement with. Is it conceivable that BIDS are behind these new ads?
Just demonstrating a simple calculation Helx. I dread to think how you will cope when this takes off and JD with his 39million shares realises his wealth. I sense you might be pig sick, ridiculous as it may sound, you've committed as much of your time to this company as he has. The difference is, he has ignored you and got on with something positive, whilst you've been obsessing over him and contributed nothing. It's weird behavoir and I can't see your jealousy making you anything other than very uphappy. I have zero doubt this will be a success, might be worth your while looking into counselling now...don't leave it too late. It might actually help you move on.
The calculation is quite simple; $50 per 1000 impressions = 0.05$ per impression
2 billion x 0.05 = $100M per month
Which equals $1.2 billion per annum.
(this might be ten fold out, if; impressions are $50 per 10,000 or if we are talking American billion rather than UK billion, if that's the case we may be looking at either $120 million, or $12 billion a year, depending which way it goes, either is fine with me).
And...don't forget the targeted $100m a year from the USA as well...oh, and the rest of the world. This is being to look a lot like a licence to print money.
Of course this is a concern, the Azerion deal was central to BIDs plans and revenue targets only a few months ago.
The fact JD goes on the explain the georgraphical limitations of Azerion and then promotes what BIDS is doing in North America somewhat leads me to the conclusion that he doesn't hold out a lot of hope of resolving this. He appears to have already moved on. The tone of his email is not great either, suggesting Azerion were trying to manipulate the price to enable a cheap takeover, I find his naivety embarrassing. I dread to think what the bods at Azerion will make of it all.
BIDS is potentially a great company, but time and time again I can't help coming to the same conclusion, JD is out of his depth. Despite some great progress in recent months, he does strike me as the biggest liability to the on going success of this business. I'll continue to hold and hope this mess sorts it self out.
Reading between the lines I think todays RNS was simply put out to say this share is undervalued at this price. The average price in the past 12 months has been 36% above the NAV, this would equate to about 22p, whereas the share is curently trading at 24% below the NAV. I take that as a hold, this should come back sooner rather than later...
I would agree, there is 10m more in the bank, but furthermore this new placing will already have been factored in by now. I would expect the SP to increase once they have been distributed and we can move on. I do feel the market is waiting for 28 October and the SP is unlikely to do a lot between now and then.
Helx reminds me of a slightly deranged uncle that sits in the corner of the room and is ever present, but with nothing sensible to contribute. He never misses a family get together, but everyone knows not to get talking to him, as he is incredibly boring and makes little sense of the real world.
I don’t want to sound condescending, but we’ll miss the poor ole chap when he’s gone.
By my calculations, if they raise the full 10m, it will increase the number of shares by 37.5%, to approx 1.28B. This takes a bit of digesting, so for the SP to get to 10p (by Christmas) the market cap will be 128 million. Whats is the consensus on that...(stupid question, no doubt!)
He might be right helx, he says 10p, you say 1p, the truth is none of us really know. What we are all doing is taking a keen interest, as we all recognise the potential here. For what it’s worth I would say 5.5p, the average of everyone’s opinion tends to be more accurate than any one’s individual guess!
Not true Sloane, they made a provision for a placing, if one was required. Naturally if busines takes off, they may not need one. There was always a provison for one, but no gurantee, how do you not know that if you are a serious investor?
Well said Bottom, Aldebran sound likes he's lost the plot. Incredible progress being made by DIBS under J Draper's stewardship. How much progress do we need before these derampers clear off to their next target.
Do you think it would be difficult to raise 10m, with a 30m guaranteed minimum revenue deal with azerion? Clearly they don't need the money yet, which I assume we can all agree can only be a good thing. I would imgaine there would be loads of financing options out there for a company like BIDS, monies up front for advertsing deals would be a possiblilty. On the scale of things 10m is not an insummountable sum to raise. All really quite exciting, I suggest you take the weekend of Aldebran and try and relax.
I think this move was inevitable, and probably a very wise one. Growing cellular meat is extremely complicated, and there is a very long and expensive route to market. It quite probably will never happen, certainly not until all the money Agrononics has invetsed as been used up, and then a huge dilution of shares in inevitable, in order to keep some of these companies up and running. Precision fermentation is much more likely to harvest financial reward, it is quicker, cheaper, already proven and will willingly be accepted by the consumer.
Ditch the cellular meat, stick with fermentation is my favoured route.
Yes, but did the letter go?
Letter on hold then?
Go on Steven, let us see your letter, give us all a good laugh.