Member Info for IntrepidInvestor

but don't get me wrong Yatak. I am an optimist and still hold a position. that must mean I think something is possible:-

It's just that I can't stand the front of Dramper - the guy is an out and out blagger. If there were 'significant' sales, he would have told us. but, instead, he issues an RNS that is clearly aimed at puffing up the SP to help get the funding sorted by containing nothing of substance, but lots of inference - all issued with no real thought by him to the many who will be persuaded to part with their own cash to help him chase his dream - a dream that is still just that for now.
I am sure BIDS will get there eventually, but it's not happening right this second - which is the opposite of what lots of you think. So I just want to balance up that view from the latest RNS.
thats all.
intrepid

Hi yatak.
it's obviously positive. just look at the share price. but my point is that the RNS did not confirm any material evidence. lots more people playing games online, does not automatically mean money for BIDS. in fact, in this massively deep recession (have you seen the jobs figures out today in the USA - bad o bad), there simply may not be the cash to be spent on advertising that is required for this new category to get traction right now. I could be wrong. it might be that lots of companies are really keen to splash out on an untested category to get in front of the millions of people who are gaming - but that's across the whole sector, which is still not a given. More importantly, the RNS, as I read it, mainly stipulated new interest from gaming companies, not interest from advertisers. simply put, this is a puff on nothing other than expectation, which gaming companies are a part of.
don't want to keep repeating it but......................
SHOW ME THE MONEY!!

Until this category is recognised, there won't be a stampede to advertise on it, in my humble opinion; not in the deepest recession we are all likely to ever know, anyway.
COME ON 12p!!
intrepid

but count, I appreciate the fact that you haven't filtered me. what would be the fun in that? And you even bothered to check out my 'other posts' - which are, I suspect, far fewer than yours, even after today (I'm bored!).
intrepid.

oh, and just so you know, Count. My household have all had Covid-19. last one still has 'it', but nearly better.
not nice, but not that bad either, particularly for the youngsters - they hardly noticed it.
knocked me for 2, poss 3.
But, as they say, what doesn't kill you makes you stronger - but we know 2 people personally who have died from it. So I guess it's the luck of the drawer/being in an at risk group.
Not that this is relevant to BIDS - apparently, everyone who hasn't died is gaming and looking at Mcdonalds adverts and we are all getting richer by the minute.
oh, hang on, it didn't say that, exactly, in the RNS, did it?

NCYT - now there's a traders dream.
at least they post RNS's with actual figures in them. all crispy and factual and everything.
it's like the board of NCYT don't actually realise their RNS's can be utter waffle. who'd have thought, eh, Count.

Dear all (yes, including Count),
I've really enjoyed today.
its been fun.
intrepid

Hi Bottmzup
you could be right about the effect of the 'question of fund-raising' being off the table. The price may shoot up. But that will depend on the dilution. If they have to issue lots at 6p (as I suspect), that will increase shares by c. 83m. That's possibly bearable.
But what if the hissing from the SP today continues back down to that 5p level of 2 days ago? Then they will have to raise nearer 3p and that means c.165m new shiny shares. And you and all the other existing shareholders have only 60% of what they originally had. So the price will have to jump from c. 5p to 15p to be equal to what the SP is right now.
and that's all without any revenues.
hashtag:justsaying
hashtag:SHOWMETHEMONEY!!
hashtag:whydidibuyanapplecomputerwithnohashtagicononitskeyboard?
did i mention hashtag:SHOWMETHEMONEY!!
Intrepid

Bottomzp,
BIDS will only 'hang onto 30p-40p' once Dramper "show[s] me the money!!!'
This is basic stuff. anything else is puff - just ask Mr Puff-Daddy himself - Count.
Come on 12p!!!!! (if you can't beat 'em, join 'em).
intrepid.

Hi Deepjoy,
I feel you are wasting your time, but thank you for trying.

I pointed out the same back in Sept last yr - that the 'fixed costs' are clearly the amount BIDS has to pay over the the gaming co's as their share of the overall revenue takes. From memory, the amount left for BIDS was 24% exactly, from H1 2019 accounts. That struck me as meaning 20% + VAT, but I was not confident that VAT would appear in that section of the accounts. But either way, the figure was exactly 24%. That means that BIDS gets as actual 'money we can use for whatever purpose we like' either 20% or 24% (depending on the VAT issue).
They then need to pay all their costs out of that 20%-24%.
Lets assume they are getting 24% net, not 20%.
Currently, that means they would need to 'book' revenues (assuming JD uses the 'max up the reveunes' approach) of c £25m to show actual after 'cost of sales' revs of c. £6m, which would be enough to cover known costs of £500,000 pcm (again, a figure I accurately predicted back in autumn of 2019).
This is clearly possible in the future, once advertisers are A) confident that the new category actually 'exists' and is a bonefide way to spend their marketing/advertising budgets and B) they have income coming in to spend.
Neither of those currently can be said to be the case. There is still no announcement from any bonefide advertising category body that 'in game advertising' is now a newly recognised category. I am hoping someone on this BB can prove me wrong on this very important point, but, as it stands, I've not seen any announcement.
There is clearly a massive global squeeze on company incomes across the board. A very limited number of companies might still have deep enough pockets to advertise their way through the next 2-3 months. But they will have a very strong negotiating position and will get great deals from every channel/category. Their advertising budgets will be hotly pursued by everyone, including BIDS (or Anzu, ITV, The Sunday Times, virgin Radio etc). Most firms simply won't be able to book advertising or will massively scale back theirs, because they have much more pressing needs for the cash they currently have in their bank accounts.
so the short term is still all about cash-in-hand - and how long before BIDS needs to raise more.
a few more "you say it all, when you say nothing at all" Ronan Keating style RNSs will help the cause.
Come on 12p!!!!
Intrepid.

https://m.youtube.com/watch?v=1-mOKMq19zU

HI Pillar2Post
Try to think of a re-rating as the price catching up with fundamentals. All the while there is no news, MMs adjust their price on the orders/trades they see (or get hit with, and actually never saw). That is the 'voting machine' that Buffet refers to.
But a re-rate can be because of an RNS that delivers fundaments that the MMs own research team will then crunch thru the numbers and suggest a new level for the SP. This can be more seen as the 'weighing machine' that Buffet refers to and is usually longer in the making due to it's historical bent.
We are all voting the price up and down until we get actual news that then sets the price for that duration.
Currently, a fair amount of positive 'votes' for BIDS - but on no fundamentals - therefore this spike is of exactly the same nature as the first spike from 5p-ish to 40p. Don't forget to take some profits.
intrepid.

Count. don't be a kill-joy. I'm having some fun.
Who knows; you might actually be correct this time.
we will soon all know.
intrepid.

Hi Count.
why is it that only you are allowed to be here? oh yes. because you are a paid employee of BIDS.
I forget.
tell me, Mr Marketing Exec of BIDS, what happened to that 'proven' c. £2.6m of revenues you had generated in Oct-DEC 2018?
intrepid

Hi Jabberba
Where is there any official comment on 'income now coming in'?
for everyone' sake, please highlight exactly where BIDS have said that significant revenues are now 'in' and I will shut up.
intrepid

Hi Jimmystocks.
not talking it down, merely pointing out that smell.
intrepid

* thing, not think

Hi Piller2post.
there are no 'shorts' left in BIDS now. They all made their money ages ago. When a share reaches 3p from 40p, you can be certain that no-one (and I mean no-one) is still shorting at 3p.

This think will rise on purchases alone now, not people closing shorts they somehow decided were still viable at 3p.

What 'this' won't kill off, is the need for cash within the next 8 weeks. Unless, of course, BIDS fails in that time - that'll kill off the need - but that's akin to killing the patient to cure them of the disease. I don't even think JD is that stupid.
Intrepid.

Hi Girds.
you should re-read my posts re bids.
I was all loved up to start off with it; in at 5.8p and loaded up all the way to 19p, with an average of 12p.
but I turned when I could not see any advertising in the SEP19 release of GRID (or was it DIRT2).
the selling of as many shares as they could was the biggest red flag and then the profits warning that exposed the lies of the 2018 revenues (and the lies in the APR19 prospectus for raising the further £5m) was the final nail.
I don't and won't trust JD again. I won't be alone in that view and that will affect how easy they will be able to raise cash (i.e., 'not very easily').
Smart money sees this sort of deceit for what it is and stays away - or gets a fantastic price at the cost of all the existing shareholders (dilution).
Count and Co don't want to talk about the elephant in the room, but we can all see and smell it. that's why its the perfect metaphor for this situation. We all know there is fund-raising coming. Why some refuse to talk about or acknowledge that fact, does not remove it. Instead, their unwillingness to discuss it should highlight their bias (and hidden agendas, or stupidity - take your pick).
My advice is also don't trust anyone who refuses to talk about the Loxodonta Elephantus that is standing in the butter in the fridge while it's mates are waiting in the mini parked outside.
Intrepid

That’s why SFOR is my biggest holding.
Knew of him from early WPP days (worked for the broker of WPP when it was ‘Wire Plastic Products’ and made supermarket hand baskets. Been a fan most of the way.

Gadzooks.
I am back in profit on this share.
Every cloud...........
Intrepid.