Member Info for Raleigh

On that last, we are due an update/6month results.

Undoubtedly we shall be updated further on the Live X partnership at results on 7th. September. In the meantime, Blackbird now forms part of Live x's offering ( their technology stack ) which appears to put Blackbird achieving a first result on their objective as expressed on 27th. April.

"Our strategy is working. We have been strengthening our focus on News and Sports clients, where our objective is to be a key component in our end customers technology stacks (via direct B2B sales) as well as establishing ourselves as a vital component in the technology stacks of solutions providers (Original Equipment Manufacturers or OEMs).  OEMs provided real leverage to our sales strategy as they sell our solution as part of their total service. The net effect of this SaaS business model is a significant growth in our average deal size and contract length, growth in our average revenue per client and growth in our repeatable revenue per client."

That was officially a trading update. "Given the present economic uncertainty, short-term financial guidance remains suspended. We will provide a further update with our Half Year results in September."

From 27th.April 2020.
"While 2019 was a fantastic year for demonstrating the attraction of Blackbird to large scale global customers, the true scale opportunity for our world leading software will be our OEM opportunity - the 'Blackbird Inside' model."

In fact, I think it is significant, as they do. They have previously said that OEM deals was their aim to create sales volume - and to the best of my knowledge this is the first.

I do not know that it is just a relatively small contract. It is ongoing and referred to as an OEM model - which is where they want to be going.

"Blackbird is the only show in town. We're excited to incorporate Blackbird into our tech offering and look forward to Live X and our clients benefitting from the significant productivity efficiencies the platform delivers."

"Secondly it's an OEM model where Blackbird is trusted to deliver on some of the world's most relevant content, like the Democratic National Convention, as part of Live X's technology stack."

Difficult to see Sig being worthy of part of a general correction downwards at the moment. My hope is it will not get ahead of itself and that the individual company will justify its price.

Mr Hunnicutt and Blackbird found each other - birds of a feather. His previous appears very positive to the pursuit of OEM deals.

There are good days and those that are not so good. On that, following the recapitalisation I had rather expected to be beyond the current price by now. With no holdings RNS decrease and pi's buying at 30p, I wonder where the sells in such numbers are coming from. The future for construction seems at least fair, but perhaps it is in the perception of availability of products, or fears of further full lockdowns. I do not see the latter as probable.
As it is, I continue to take the view that CD and R have considered all the potential scenarios before cornerstoning the capital raise, and IKO for their own reasons took up their full entitlement at 30p - which I think would have been considered a discount for existing shareholders at the time. I do not expect negativity in the next update ( though inevitably some Covid comment ) - more a positive update as to how the 'new plan' is progressing under the recently appointed board.
But we have progressed sp wise since the most recent low of 27p.

In my view to move this meaningfully it will take a positive trading update to prove that having right-sized, the company is continuing to gain contracts. They are at least now able to turn their minds outwards with a stronger sales team - "supported by forthcoming developments in marketing and lead generation activities we plan to implement in 2020."

I can only generalise. Some builders will fare better than others, no doubt, dividends, what have you. My interest is a simplistic one and lies in sp advancement across the industry, over time, however long it takes.

All we know is they have it under consideration, following the bonus issue - "The Board recognises the value of dividends to shareholders and will consider this in its future dividend strategy." Perhaps we shall learn more next month.
Though in common with most there is no short term financial guidance, the company seems quite confident with its relative prospects, in particular arising from Vistry Partnerships, as summarised in the last report.

It will turn and stay turned one day. Whenever those selling down have finished. Understandably, nobody holding their breath on a daily basis.

"Well yes as in the way of all flesh and don't disagree that at circa 37p is possibly an acceptable entry point and clearly there is some activity in the London market "
From you, that will do for me!

The whole market has been and still is in a state of flux, but will eventually recover. Foxtons will have to pick their way through London changing conditions the same as others. Here is another article. https://news.sky.com/story/foxtons-sees-property-sales-recover-after-stamp-duty-cut-12038096

https://www.theguardian.com/money/2020/jul/28/cut-in-stamp-duty-has-only-really-benefited-london-says-zoopla

As reported according to Zoopla.
The government’s stamp duty cut to reboot Britain’s virus-stricken property market has benefited London most and had little impact elsewhere so far, according to Zoopla. In a reflection of the disproportionate benefit for wealthier buyers, the property website said that agreed house sales in the capital jumped by 27% in the first two weeks of the stamp duty holiday. - Guardian

Well, that did not work out for you.

Yes. The market is, as expected, slow over what it was - Brexit was given previously, and now we have Covid - along with many others in the various sectors. It is a pity, as at the end of the year the London market was recovering/moving quite well - I have some small experience of that at a personal level.
Specifically, there is nothing in the RNS I would comment upon - other than that there seems to be a degree of confirmation of thoughts of moving further into the lettings market.

Not Savills. But perhaps Marsh and Parsons of LSL or Countrywide London offices where they 'farm the same ground.' Know what I mean - more like with like than Countrywide Southampton. And investors here know Foxtons is fundamentally in the London Market. And I think it is widely accepted that London may at least lag the provincial market.
Having said that, I have not seen any data on completions post lockdown, that were not already in the pipeline and temporarily held up,relative to London or elsewhere. Perhaps you have?