Top Twenty, The Stocks of the Year For 202114 Jan 2021 14:14
https://www.share-talk.com/top-twenty-the-stocks-of-the-year-for-2021/#gs.p2ofac
Bidstack (BIDS): On Track To Exceed Expectations
"It is still the case that when push comes to shove, the junior end of the London stock market remains most comfortable with resources plays. This is said even in the wake of a year in which biotech, pharma and tech stocks have outperformed exceptionally. One of the new economy plays which has still to have its days in the sun, despite improving fundamentals driven by the pandemic is in-game advertising platform Bidstack. Here It would appear the delay in stock market appreciation may actually work in the company’s favour, given the way that the share price is still relatively close to the “ground floor” valuation zone. Indeed, given the way that Bidstack used one of the stock market’s best phrases in its latest trading update. It said that it is on track to beat market expectations, due to a significant increase in advertiser demand in the second half of 2020. The implication here is that in the wake of the arrival of COVID-19, advertising agencies, after losing traction in existing areas, have beaten a path to the growth area of video gaming. Given that shares of Bidstack were trading as high as 35p in 2019, and flatlined for 2020, well under 10p, it may be correct to assume that the new year could be the starting gun for a fresh appraisal of the company’s business model."