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George and Keld have said all year that they expect things to heat up in Q4. DOT parachains are going to do the impossible and dwarf KR1's previous unbelievable compounding.
My money is following George and Keld's view, rather than yours Mr Dribble.
I think Doge started out as a joke, but I believe it will become a self fulfilling prophecy and end up being a success, as it gains more real world usage, due to the network effects of how big it is getting. And I wouldn't rule out Elon linking it into the Tesla ecosystem in some way in the future. His ego would like him to have his own money IMO.
As far as KR1 go, I echo what others have said, these guys are incredible. KSM is only just getting started, and Polkadot hasn't even begun yet. The compounding that is to come over the 1-3 years from the parachains + the growing valuations + growing staking revenues is mind boggling.
KR1 have lots of DOT to play with. I think the NAV will snowball very quickly once their parachains begin and mature. What a start with Moonriver, expertly navigated by the guys. Hopefully a small sign of the bigger things to come.
Can't disagree there Rich.
I also think the mcap is where it is because of low sentiment in the leader(s) of this ship, as Sloane says below.
I will personally be sitting on the fence until results, because I think the market will react to the reality of the numbers. Whether that is correct or not for a company still in building phase, is another matter.
Yes there is that grey area Rich. But other revenue streams might be:
Fifa shirt sponsorship
Whatever agreement they had with Gfinity
And deals such as the Burberry Hyper Scape one
There are probably 1 or 2 others. They've mentioned sponsorship a few times. A wild guess but maybe YouTuber/secondary viewer and skins within games might be another.
So if they pad out the £4m with mainly low margin stuff from the above, then that to me will not be a result. Yes they will still hit target but the platform should be 90% of the focus of where revenue needs to come from.
And to demonstrate my point, look at the share price in Feb when they wheeled out the numbers for 2020, when they had exceeded targets. The share price halved because the market saw through the £1.7m for what it was. Low margin and not scalable revenue.
Girdz if that is the case that is something. As I understand it from the DAU's, if they can get the billboards as busy in Top Eleven as they did in Football Manager during Q4 last year, then that could be a catlayst that might turn revenue.
RichTheNewbie - to the naked eye, looking at revenue figures alone would seem sensible. However bidstack have several revenue streams, some more profitable than others. All eyes on the profit margin % for me, as this indicates how much traffic is running through the platform. The platform is what they are building here, right? This is the frictionless scale element that got everybody frothing (myself included) back in 2019.
Yes and not to mention other game announcements, where we are still waiting for bids tech to appear in.
Hyper Scape, nearly 1 year today and we're still waiting.
I imagine the cold hard numbers of how much revenue has been generated through the Codemasters partnerships in nearly 3 years would be an embarrassing figure. And people are expecting a step change in revenue through some piddly obscure mobile game publisher!?
Top Eleven seems to be the type of game they need and lots of them. Any signs of ads in that game yet?
Well I think there have been some getting a very nice lifestyle off the back of shareholder money in exchange for over promising and under delivering Qwertii.
I think results Tuesday. Good news and bad usually follow with this share. We’ve seen it many times, as chancers points, so I think results will drop after these 2 partnerships.
Jabber with the volume needed to churn through the placing, I think we’re beyond bb’s affecting anything here. Bids management need to affect it by finally coming up with some revenue and proving they have a viable business.
It is still in concept stage, I think that is the issue. It has been in concept stage since Autumn 2018.
Jam tomorrow whilst costs went through the roof has resulted in nearly 1 billion shares in issue and a rock bottom sentiment.
Have a look at any of bids competitors and they have half the head count, some even more than half. If the market and product are still developing then you manage costs accordingly. They have rinsed through 3 lots of different sales teams by my reckoning. Doesn't have the smell of a company still at concept stage to me. Smells of something else.
Jabber - every time this share has had a down day when numbers come out. I have no reason to think that won't happen again.
Bottmzup - I do not trust the management because of previous performance, and so therefore it is not a LTH. If it does come good for LTH's, I can live with the fact that I would make the same decision again based on what I know now. I believe we will have at least 1 spike in the SP once the placing churn has gone, so I may dive in for the short term for that reason. I do not believe they have made any technical progress, where is the evidence of this? Why is the SDK not live in Hyper Scape still?
WolfofWarks - What you have said might be true. But the cold hard reality is bids have hardly generated any revenue at all in their existence. The signs are that this is not going to change any time soon. That can only mean more dilution further down the line for LTH's unfortunately.
Indeed, that is my point Girdz.
Investors did not buy in here to hold shares in an ad agency reseller. They brought a tech company. So bids need to get their tech in these games. First up Hyper Scape, that was RNS'd just shy of 1 year ago.
Yes nearly 1 year ago, and still not in Hyper Scape.
I double dare 1 of the rampers to attempt a shoe shine on that fact.
Haven't they previously resold ad space for Ubi and EA? Which is very different to having their tech in any Ubi and EA games. So that would allow for the below comment.
Results surely can't be far away if not tomorrow. Although revenues I believe approx. £800k as they have previously advised.
I am interested in the profit margin %. This % should be above 20% if they are generating the majority through the platform serving ads. Anything less and you assume this revenue is coming via low margin sponsorship stuff or reselling ala Burberry/Hyper Scape. Which is I am guessing not what shareholders are investing their hard earned in for.
Talking of which, still no bids tech in Hyper Scape? Broker note said at some point in Q2 unless I am mistaken?
2023 for open exchange buying!? And verification process needs to be uniformed before that can happen.
I shudder when I think back to JD's podcasts and his predictions on when both of the above would be live.
TrueInvest - my issue is what part of the £4m and £9m will be generated via the platform at a competitive profit margin of 20-30%. And what part of the £4m and £9m will be low margin 'marketing agency' type deals, such as the Fifa shirt sponsorship stuff and the Burberry Hyperscape revenue.
You have no idea what price I brought and what price I sold. And it makes no odds what I think other posters are doing here.
The above 2 points have ZERO to do with bidstack. Lets keep the chat to bidstack shall we, and not fill the forum with inane playground he said she said. tia
You have tripped yourself up there Guile. Anybody who sees my post history will see I was an investor and supporter for 2 years - I sold out in Feb when I saw this for what it was/is. So try again and address my point directly about staff turnover, instead of waffling on about hot air. You should get a job at bidstack.
You might do ok from 2p, so long as it is a short term thing. Might dive back in myself after H1 results (which I think will not be great, all eyes on the profit margin %) but will only be a short term flip flop.
Staff turnover is terrible. That isn't an opinion btw, based on fact. Look at the length of tenure all employees have, it makes grim reading. Recruitment has been terrible.
Anybody piping up with 'oh look at the negative deramper' well address my above point directly with any facts that prove what I've said is BS. I'll wait.