Member Info for Raleigh

Take what out on other people? Arrogant clap trap.

So which Housebuilder's so will do best over the next say, 6 months, or any period you like?

All these clever clogs do the same - spouting irrelevancies and responding to it.

Why bother about Crest Nicholson on here. SB anticipated a 'nightmare' with Vistry on the Galliford Try purchase - not the case at all.

There is always a bit of a retrace - then another RNS as you point out. I hope and believe they are likely 'on a roll' and we shall see the patter of higher highs and lows continuing in the shorter term.

I thought it was JFK. Never mind.

A rising tide lifts all boats.

I have read the previous posts with interest. And no doubt historically valid points have been made. Taking a broad brush, the share prices have all been battered by Covid. And now worries over the economy, and Brexit raises its head again. All house builders have challenges ahead. Some will fare better than others, but their challenges are similar.
I liked today's report, specifically the references to integration and synergies, and I think Vistry partnerships will provide a degree of improved resilience in uncertain times.
One can pick over all of these builders at the moment, with guidance from the past, and still finish up in the same place when trying to forecast what lies ahead.

Oh, no. It's gone up again.

All house builders down - worries about a 'hard Brexit' being quoted.

We shall all feel more comfortable when it goes down.

Could not have expected better. Confidence underpinned by record forward sales position.

TechMarketView reports:-

Monday 07 September 2020
Blackbird rising on COVID-19 thermals
Blackbird logoThe green shoots of recovery that started taking root at the end of FY19 at cloud video platform provider Blackbird have deepened and strengthened over the past 12 months (to 30 June 2020) leading to the company reporting record revenue in H1, despite the COVID-19 situation.

Revenue increased 49% to £714k and while the company is still loss making, losses are reducing: net loss before tax was £924k vs. the £1,017k loss of the prior year. At £714k EBITDA loss (apart from equaling revenue) saw a 30% improvement. H2 started well with £1,453k of secured revenue (as of 31 August) vs. £943k at the same point last year. The focus on infrastructure deals and the OEM channel (including Tata Communications who secured it first deal post period) served Blackbird well.

Given that the company concentrates on video production and monetisation across news and particularly sports and there were no live sports for much of the period, the H1 results were very good. Several of the deals closed during H1 (which included Arsenal FC and Liverpool FC) were new, others were valuable extensions, and the remote editing capability was in demand. It looks like Blackbird benefitted from being able to provide ‘work from home’ video editing capability and COVID-19 digital acceleration. The task now is maintaining the trend in revenue growth while pushing towards profitability.

I sense some boredom not quite being expressed. We have been kept well-informed hence no surprises. 49% revenue increase year on year - a record. What should be up is up, and well, what should be kept down is down. And the type and quality of contracts are and will be improving, and accumulating. And plenty of cash left in the bank.

"I am really excited about our future prospects as we continue to deliver against our strategy and look forward to delivering further good news to the market."

Yes please, more of the same.

Blackbird mentioned that on 27th.April - "The successful equity fundraise in November 2019 means the Company is well capitalised for multiple years and gives us the chance to build market share as more businesses that create video move to flexible and remote working."
With £7965k in the bank on 31st December 2019, no debt, and operating costs then running at £2689 p.a., we are perhaps good for at least 2 years, ignoring the push backs mentioned. If things go well, in 2 years things will look different - and if more cash is needed they need not necessarily run to share issue - with management owning over 26% they will not be keen on dilution either.
Shareholdings https://www.blackbird.video/aim-rule-26-information/
I see no reason to be concerned with capital raises at this stage.

I have no thoughts of the results putting the company in profit. In my view, the emphasis will remain on growth - increasing sales volume through partnerships/resellers - and continuing R and D to better future-proof the successful product from a delivery perspective. The inflexion point is coming, as per the link posted by another poster, thankyou.
https://www.proactiveinvestors.co.uk/companies/news/928289/blackbird-sees-the-contracts-flying-in-as-cloud-based-editing-system-proves-a-lockdown-winner-928289.html

Just another article, including :-

The CMA news is "unexpected", said broker Liberum, "as we thought the industry had resolved this issue".
Analysts at Peel Hunt said: “While probably not a massive surprise it had been very quiet on this front for a while.”
Noting that the practice of selling houses with ground rents effectively stopped three to five years ago, though some homeowners are still affected, the analysts added that “this will be unhelpful for sentiment and we would expect some fines and reparations in due course, although we would not expect the amounts to be material”. 

https://www.proactiveinvestors.co.uk/companies/news/928286/three-ftse-100-builders--wrists-slapped-by-watchdog-over-unfair-leasehold-terms-928286.html

Just another article, including :-

The CMA news is "unexpected", said broker Liberum, "as we thought the industry had resolved this issue".
Analysts at Peel Hunt said: “While probably not a massive surprise it had been very quiet on this front for a while.”
Noting that the practice of selling houses with ground rents effectively stopped three to five years ago, though some homeowners are still affected, the analysts added that “this will be unhelpful for sentiment and we would expect some fines and reparations in due course, although we would not expect the amounts to be material”. 

https://www.proactiveinvestors.co.uk/companies/news/928286/three-ftse-100-builders--wrists-slapped-by-watchdog-over-unfair-leasehold-terms-928286.html

Just another article, including :-

The CMA news is "unexpected", said broker Liberum, "as we thought the industry had resolved this issue".
Analysts at Peel Hunt said: “While probably not a massive surprise it had been very quiet on this front for a while.”
Noting that the practice of selling houses with ground rents effectively stopped three to five years ago, though some homeowners are still affected, the analysts added that “this will be unhelpful for sentiment and we would expect some fines and reparations in due course, although we would not expect the amounts to be material”. 

https://www.proactiveinvestors.co.uk/companies/news/928286/three-ftse-100-builders--wrists-slapped-by-watchdog-over-unfair-leasehold-terms-928286.html

I do not know what the January article said but people were not happy about the scheme in 2018. https://www.thisismoney.co.uk/money/mortgageshome/article-6043987/Taylor-Wimpeys-leasehold-scandal-redress-fund-spent-one-tenth-budget.html
It has been rumbling on for years so none of this will be taking the company by surprise. And of course, their activities over recent years will have been conducted in the light of what were considered shortcomings in the past.
I am ignoring it for the purposes of my investment .