Member Info for lootgaloot

Everyone's best mate Bob reminds me a lot of these low life boomer shop stewards who used to infest British industry when I first entered the work place in the nineties. "Don't worry lads, we're all in this together. Just keep paying the subs and we'll look after you". Sold us out on our pensions but made sure all their boomer mates got well compensated. Am I close Bob? Sound familiar?

I agree, people need to chill out. You either believe in the business model or you don't. Either way, the deal announced in December is clearly a major positive step for the company. As you said, the figures will reveal themselves in 18 months from now. Grumbling about not knowing the exact margin or what does "up to" £10m mean is churlish behaviour from people with an agenda to paint a negative picture.

Can I 100% say that BIDS will be a huge success? Am I happy with some of the communication from JD? The answer is "No". But I do know that if I wait for the full 2020 results before I invest then I'll have missed a big buying opportunity at this price.

I agree, Just like any business they will have an idea of the margin that is realistic/desirable. I don't know if the deal announced recently is PMP or Programmatic Direct (does anybody know?) but either way the exact margin achievable will not be known at this point. You are correct that they will probably have a very good estimate but they are under no obligation to reveal this. If I was buying baked beans from Heinz and selling them to Tesco I would not reveal to either Heinz or Tesco the margin I hope to achieve. My point is that thechancer wants full disclosure of all figures at this stage. Such figures are neither available at this time nor is it advisable to estimate in public.

PMP or Programmatic Direct, regardless; my point still stands. BIDs margin is the difference between what the publisher charges and what the agency pays. Negotiated deals or auctions; you cannot expect BIDS to know the margin beforehand. If I'm wrong please educate me and everyone else.

The thing is; they are not "all fair, constructive points". This has been explained many times already. It's very simple so the fact that thechancers cannot grasp the nature of the deal says more about him than it does about JD.

I'll explain one more time but I suspect those that refuse to understand will continue in ignorance. BIDS have a budget of up to £10m to advertise the agency clients. The % margin going to BIDS will depend on the price of that advertising paid to the publisher and how much the agency is prepared to pay for said advertising.

It's not complicated, its called business. The exact figures will be available once the business has been negotiated. JD doesn't have a crystal ball, he can't tell yo the margins no more than any salesperson can predict the margin of any future trade deals.

Is this really so difficult to understand?

I believe they will continue to spin the story that the return of the Moz licence is still a possibility. This will support the share price until such time as they can line up another licence and issue new shares at an inflated price. It's also possible that the so called potential buyer of the Moz licence is actually a seller of some low quality licence that they want shot of. It would be convenient for both parties to artificially support PFP share price to facilitate off-loading a low quality licence into the PFP shell.

All conjecture on my part but what else am I to believe given the history of this company.

He already admitted to trading the share; buying and selling while he was ramping. He has, more than any other poster, trashed this discussion board. What do you think?

JD shafted him. Along with the rest of us.

I was in here way back also. I remember the court ruling in UK. Ever since then it's been typical African corruption. It's sad for investors who have stuck with this for all that time. I can only assume The General is making unrealistic demands. Maybe it's for the best that everyone walks away and leaves him to it.

By the way, I said years ago that PFP should use what cash they had back then to buy another small mining licence as a means of generating revenue. Mainly because I could not see how waiting around for a Supreme Court ruling was a full time job for the BOD. Nice to see they finally agree with me albeit 5 years too late.

I'm out. 30% loss. Worth a punt but not to be. I may look again in a couple of months time.

A leak, good or bad, would result in a greater price movement than we have seen over the past few weeks. I can only assume the relatively stable price suggest all parties remain committed to the process? Or it could mean they are just waiting for the 5pm RNS from hell later today. I'll be lot more comfortable if we can make it to Monday morning without RNS.

The problem with another extension is that it tests the patience of the potential buyer. How long can you expect them to wait around while some old general argues with a company which isn't even the legal owner of the licence. Seriously, who would talk to these fools if the current potential buyer walks away.

I'm one of those that think that another extension would spell the end of PFP.

I'm fearing the 5pm Friday RNS which are always bad news. Having said that, if we don't get RNS today then it may suggest they are dotting the I and crossing the t on a deal to be announced next week. In other words, I remain clueless.

High minded principles about derisking and selling poorly managed companies but the truth is Align are balls deep in PFP. There's no way they could sell even a fraction of their current holding without seriously impacting the share price. Richard Jennings is a bit of a joke really. Not saying he cant be right about PFP but not somebody I would trust with my money.

Yes

Thought not.

You cannot short a micro cap like BIDS. Tell me a single broker who is offering to cover shorts on BIDS.

I am still trying to get my head around who would actually benefit from this deal falling through. It seems that all parties involved have burnt all their bridges and this really is the last chance for a successful conclusion.

If this deal falls through...

AFG walk away with nothing.
PFP lose all credibility with the potential buyer (and any future buyers) that they can broker an agreement.
General Veloso has a share in a mining licence which no institutional partner will touch while the Supreme Court judgement is still pending.
Diogo Cavaco is in the worst position of all. He seems to have fallen out with everyone. He also knows that the General has used his influence to transfer ownership of the licence once before; why not again?

It's like a scene from "The good, the bad and the ugly". There's enough gold (or ilmenite) for everyone but nobody is prepared to budge. Surely this has to happen?

I'm not a JW fan but I must say I was pleasantly surprised. He asked all the right questions and even doubled down on a few occasions when JD was waffling.

Another poor performance form JD in terms of communicating a clear message to the market. Lots of stuttering, hesitation etc. I get that he is not at liberty to divulge certain information but it beggars belief that a CEO of a publicly quoted company cannot get his **** together for a 30 minute interview. He must have known the recent string of RNSs would be discussed. How can you not spend a couple of hours the day before an interview talking yourself through what you are going to say?

Nevertheless. there were a few gems which seemed to be dragged out (well done again JW). I'm now confident that 2020 should be a good year for BIDS. I must admit there were times last week when I couldn't decide if the RNS releases was just poor communication or some kind of market manipulation. I'm now reassured the JD has an excellent strategy and will be able to execute.

However, I'm still worried that his poor communication will cost us dearly. He admitted a possible M&A fell through due to the recent fall in share price. How much did he personally contribute to that fall by selling shares right at the time of those negotiations.

At some point he will need to raise capital. Don't believe the BS on this board, there should be enough cash to see us through 2020. However, when the time comes he will need to demonstrate to institutional investors that he is a safe pair of hands. 2020 will be a big year for JD. He needs to achieve the business milestones he has promised to make available but he must also demonstrate he has matured into the role of a competent CEO.

If I were the CEO I would concern myself with running the business.

Releasing RNS is not an opportunity to manipulate share price. It is the appropriate way of communicating important and price sensitive news with the market.

I hope that JD will learn the lessons of 2019 and stick to what he is good at. Less ramping, less mindless ramblings on twitter and certainly no more interviews with shysters like JW.