Announcements28 Mar 2017 00:14
Like I said I will probably buy in as a gamble for a quick profit. Don't see it as a long term bet. Of course they like to impress the easily impressed with their RNS. Like I said previously its just like another no hoper that I've gambled on with the intention of holding only for day trading and spikes from rampers as the company itself is also pretty pathetic. This is what they posted and the shares rose 300% at one point during the day. The easily led also read and made the ...OOOHHHHH.....and AAHHHH...sounds....Well to be fair they used the company figures from previous orders to work out the value....ie...each unit = £40 x 14,000 = £560,000 + 12 months support for them 14,000x £60 = £840,000 so they believed it to be worth £1.4 million to them. EQUIVALENT to 50% of their market cap. so naturally the shares rocketed 300% in a few hours....This was the announcement
Fitbug announces new customer win covering 14,000 employees
18th January 2017, London: Fitbug Holdings Plc, the AIM quoted digital wellness technology provider for corporate organisations, today announces a customer win with a global financial services group in Asia. The customer will use Fitbug's digital wellness services to help maximise employee performance, with the end goals of improving employee engagement, and reducing absenteeism and risk of chronic illness.
Fitbug has secured an initial 1-year corporate wellness programme, which includes ongoing service revenue, together with an order for 14,000 devices. The devices were shipped in December and the programme is rolling out early this year. The client wishes to remain anonymous at this time.
Only when they were forced to give details to the LSE...they gave the figures....They gave away the units for FREE and only charged £60,000 for the years service instead of the regular £840k...Giving them a total of £60,000 instead of the £1.4m that was assumed.That's how these and dozens more on aim make their RNS sound so good....I wouldn't read too much into the RNS of these small companies