Member Info for MikeyB55

Are they selling anything? No announcements or news at all. Come on Ian, you are letting your investors down.

Why would these rule changes impact THG and SFOR? Companies are moving to the auS markets because of greater liquidity and hence higher share prices. Changing the rules for the alondon market to remove regulation will bring in more risky, businesses who don't think they will pass financial scrutiny in the US markets? I would assume that this will lead to lower prices as investors factor in risk for any company on these markets. Ie driving the price down for the companies that are already listed as they are now mixed in with lower regulated rules. What's needed is government tax breaks etc, to drive more liquidity into the London markets because the companies listed there have better opportunity, lower corporate taxes, etc.

I may be missing the point of this article, so can you help explain why you think it will drive the price up? Thanks

Good insights. Thanks hyper. The challenge though is that the patents protect their IP from being copied. The value of the IP has to be reflected in the revenue - ie customers will pay for the product. They do have a good product, but its called by brand dominance from Adobe Premiere Pro, Avid and the other big brand editors that are ingrained in the professional editing culture. The lower end of the market is not clearly defined, differentiated or priced and this is where Blackbird are competing. Need to up marketing spend to define the value proposition, differentiation and value and start to post sales. They had a brilliant marketing guy a few years ago and it all seems to have gone downhill since he left. This is an area they should invest in to push the value. Most of the marketing/PR seems to be aimed at investors rather than customers. Hopefully they get their act together and push forward

Difficult time for Bird and being reflected in the share price. This is not a stock for long term holding given that its at its lowest for the last 5 years. Reflects the confidence levels of investors. Ians active PR has worked well and the company did really well on raising cash on this messaging, but it the continual promise of future success has worn thin. It is a pivotal time now for BIRD to gain traction by winning new fee paying customers, or we will see new share price lows being hit.

Poker, here I have been thinking you are an insider, but you don't have all the facts on this. Of course they have changed their business model completely. They completley shifted their focus from b2b to b2c. This is a completely different business model, messaging, target customers etc. They let go their key marketing people, who were b2b focused. Their business has changed completely. You are very quick to shout down people on this board with different opinions, often without the facts. Chill. Life's to short.

Has anyone noticed that Ian has update hi LinkedIn profile. It now reads like CV looking for a new position. Revised to be an entrepreneur that raises cash, resets strategy etc. From past experience when this happens the individual is marketing themselves for a new job. They have given up on the Blackbird product and strategy that has been driven for the last 5 years under Ian and now reinvented themselves as ElevateIO. Different market, user base, pricing model, marketing & sales model, etc. Wonder if his revision of his LinkedIn CV is a reflection of his belief in the new strategy. Thoughts?

Why would they raise £1m now. They have always been very astute at raising new capital from equity when their share price was pumped and peaked. They are absolutely brilliant at this. Raising £1m now, launching a premature beta product without the functionality and giving it away free, does not fill investors with confidence. They are going to struggle to raise the share price with hype messages only. This phase for them is now over I think. Too much of it. Its going to take real revenue growth to make a difference to the share price.

The 3m share buyback is very small. This is a relatively weak attempt to stop the share price from continually falling. At least the execs are doing something to halt the slide. Would have more impact if the execs bought share themselves as this would reflect confidence that the share price will move upwards from here

Poker, i think that this has always been their challenge. Larger organisations don't buy into their proprietary Codec. They all want Adobe/Avid etc which is part of the media ecosystem. Hence why customer still pay high prices for Adobe Premier Pro. At the bottom end of the market, there are hundreds of free editors, many of which are cloud based. So not a good place for Bird to be positioning. Also a volume play for low cost licences is a big change for a business selling b2b software. Sales, marketing, everything changes. It has to be sold off a website as the sales cost won't carry people costs. This is a very risky play

Giving up on the US listing as they are launching their new b2c product is a bit confusing. I would have thought they would have left this to well after the launch as it would ha e driven US visibility in investment markets. It makes no sense to cancel this now. They are also trying to keep it under the radar with the timing of the RNS. Maybe even the execs don't believe in this company anymore. New untested product, shift from b2b to b2c - this is a complete new offer to a new market. Reflects that they have given up on the old product. Goingbto need a lot more that fluffy announcements from Ian to get this back on track.

Snap in the US share price has doubled in the last month. They are measured on ad revenue. US is now a good benchmark on ad revenue company movement. SFOR will be on the move soon, especially with the view that inflation has now peaked. Interesting times

Race to the bottom here I think. They have given up on the b2b product completely. Have built a new b2c product and are hoping to launch. This is in effect a startup then, with no proven product market fit. This will take a while to validate. Enjoy reading the bs comparing the company to Figma. Insider pumpers . Good luck all. I'm out now and just taking the loss

Bird share price jumped 30% on the directors buys. We need some tangible revenue results and contract new wins. This has just drifted back to 7p now. Also complete lack of interest in this company now as the messages on this board have dried up

Where do we find Ian M shareholding on their website. This looks like he has sold a lot of shares if the joint holding of these two is only 2 %, as previously he held over 7%.

Looks like the 'distressed seller' got out at a good price. Revenue down 36% from last year. This is disastrous. Taking a lot of pain on this company. In my portfolio. Didn't expect their revenues to tank as badly. Come on pampers.. you know who you are. Let's get the BS going so I can exit reasonably from this mess.

Wow. Bird up 120% in the last month. They must finally be going to have a good trading update on new deals. I'm has been silent for quite a while now with the fluff posts. Finally expecting real deal updates coming soon. When do they provide their H1 trading update?

Good to see the share price moving, but its based on the market, not on any announcements or deals, so have to be cautious. Also I see the SVP Marketing has left. Can't be a good sign when the execs are leaving. Bird need some solid sales growth announcements to move up or there wil further downside to this price. When do the announce Q2 results?

Poker

Bird are cutting costs now as profitability is the main driver behind tech share prices and most tech companies have gone through headcount cuts and given their share prices a boost. This should happen here now, which is good. I'm sure they are not too worried about tax credits as they are carrying 10+ years of losses on their books. It's a concern that they are not closing deals. This sector has hotted up significantly over the past 6 months with broadcasters moving to cloud, but I expect Adobe, Lucid Link, Dalet, IPV, Iconik are the beneficiaries here. Be good to see them close some deals but hopefully next financial update with them closer to profitability will bump up the price.

Bird as still valued at about 12 Annual Recurring Revenue, so this is a high valuation. Market average is 6x at the moment. Their cash position is keeping the stock up, but they are burning more cash than their EBIT losses on an annual basis. Be interesting to see where this lands. Range between 3 - 10 I would think. And it would need to be based on super positive news of actual deals closing as there has been nothing posted about new wins. Still good volatility in the stock price to play with, but I don't think that the only way is up just yet. Good luck to all the actual investors here.

Wow, this is material, given that they had to announce to the market that they list the client. 'Less than 10% of revenue' must mean close to 10%. Given they are struggling for new business and don't have a flurry of new wins to announce this is going to be difficult to absorb. Good that they have cash, but typically this loss will be reflected in their share price as they are valued on a multiple of their ARR. Going to be an interesting financial update when they release their numbers.