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I got in size last week. P1ssed about the early price action this morning as feels like a low now, with all the China news as negative as it can be. If the valuation doesn’t re rate then someone (Allianz, Chubb, HSBC etc) will take PRU out.
Never owned this one but bought a large chunk today playing the undervalued brand and China eco recovery (which is massively underpriced for all China related stocks) through 2024.
Try buying low and selling high. Then you’ll be able to avoid Butlins which sounds dreadful
I bought a significant stake throughout all of last week. Average just above 51p. The valuation is completely detached from fundamentals and this has now derated versus the listed peers by about 10% since Wednesday alone. Market clearly expects ongoing outflows as per industry trends but that’s in the price. Back to 60p fairly quickly I’d imagine.
It's not about luck. it's about whether you think the company's valuation here does or doesn't reflect reality. And talking of reality, what's the benefit of an AIM listing when the shares are valued as they are. Yes a benefit to small shareholders of daily 'liquidity' (if you can call AIM that, given the ridiculous spread that shares trade at.).
Other companies with subscription based revenues can command a multiple 5x of what BRSD is valued at. So anyone who isn't happy with the events, then they can sell - but selling below 5.68p is frankly stupid in my view, and on a 2-3 year view the story hasn't changed for me, this is a $40-50m market cap company, and possibly $100m if their market share opportunity is as big as it can be.
I've had this before when a share has delisted (and then relisted a few years later, actually for a decent profit). You just do nothing but accept this will be a few years wait. And i don't disagree that small investors are being shafted here vs institutions, however, there is method in the madness. They're basically telling you they think the business is worth a lot more than AIM is ever going to value it at (the problem with UK markets vs say the US). So anyone selling now is only doing so if they want to realize the loss / cash of their position. But personally I think it's too late in the game to be selling. And I've got a lot invested here, and have been underwater for some time, but given my previous experiences of delistings I am going to accept the reality and hold on to see how the future pans out as their addressable market is massive and I would imagine ,in time, it continues to grow and then gets sold to a larger AI/tech company.
You can't win with people on here. equity dilution was a concern, now they've got a non convertible bridging loan for all of a month or two and people throw the old 'wonder what the interest rate is' line in. clueless
Likewise MSM, been adding anything around 200p. Scooped up 120,000 shares in the last few weeks. Once this seller clears it moves, and cherry on cake is another O&G services company thinks this is too cheap down here for the tech they hold.
Sure, cheers. That’s not new news but maybe they can crystallise this value. BRSD is silly cheap even without factoring this stake in
What’s happening at WeShop?
This is going to the be decided in the European court. BEY can now sue for substantial damages. This might be an all out better outcome for shareholders given 12-18 months.
if the rate of client wins continues it wouldn't be improbable for a larger cyber operator to acquire BRSD and integrate their offering within a bigger suite of products. industry M&A tends to be 4-5 SAAS so we're talking 15-30p (assuming progress and contract wins continues)