Member Info for shandypants2

what were your actual questions KOSH?

I asked about converting agents from the free/discount to full payers and this was answered although the answer was a little vague. They suggested they hadn't been focusing on this until recently so the data is limited etc. As this is surely the easiest way to drive revenues i can't believe this wasn't their number 1 priority.

Also if our prices are c10% of RM then surely it's a no brainer to be on OTMP, cost is barely £10 per month. If agents aren't signing up that's a big concern IMHO.

Thought the presentation was ok, not brilliant, and CEO came across quite well

Agree, but the recent cash raise was due to some contracts not being renewed which is clearly a concern.
The below was in the recent RNS new contracts are a necessity not a nice to have.

After taking into account the receipt of the minimum net proceeds of the Proposed Transaction of £0.57 million, the Directors are of the opinion that the Group has sufficient working capital for its present requirements, that is for at least the next 12 months. In reaching this conclusion the Directors have modelled a downside scenario under which they assume a further slight decrease in monthly recurring revenues during the FY22 financial year. Whilst their internal modelling demonstrates continuing cash headroom in the event that this revenue profile occurs, the Company's viability in the longer term remains critically dependent on its ability to capitalize on current positive momentum by securing a modest level of new sales to existing and potential customers. Given the nature of the COVID-19 Pandemic it is not possible to know the potential impact of the ongoing crisis on the activities of the Group for FY22 and beyond and, in particular, it is possible that as a direct or indirect result the Company will continue to experience a slower and/or lower sales conversion rate than the Directors have modelled within their downside case financial projections. This could in turn have a material adverse effect on the Group's business, results of operations, financial condition and prospects.

yes looking much better. I noticed on Oct 5th there was high spike in trading volumes - 13m shares, when usually it's a couple of million a day so reckoned that was the last of them and of course they expire tomorrow anyway.
GDM seems to be progressing very nicely too so hopefully results will be good and outlook statement will be bullish.
I agree 6p by end of month seems very achievable

i think results are ok, especially when compared with 2019. I'm less confident of the xmas period though based on the outlook statement issued today - see below

Outlook

Christmas is our key trading period and all of our efforts will focus on keeping our customers in stock at all times. We are working closely with manufacturers and suppliers to maintain continuity against ongoing uncertainties regarding hauliers' ability to attract a sufficient number of drivers.

Given ongoing supply chain challenges and uncertain timelines for the resumption of normal activity levels it is difficult to forecast with accuracy and certainty for the second half of the year. Market guidance will be released following our key Christmas trading period.

I love the way Mr D quotes an excess death figure that encompasses all deaths for a period and then attributes them all to flu - which in fact accounted for about 1/3 of the total.

According to official documentation the majority of excess winter deaths during the 2017/18 winter period were caused by either circulatory diseases, respiratory diseases, or dementia and Alzheimer’s disease. So clearly not all flu.

He then claims the covid death figures (and it's not all about death!!) are sexed up. Unbelievable.

Please filter him ASAP

you just don't get it do you Mr D. Surely, you understand that covid is not just about the death rate - due to covid hospitals have a massive backup, workers being off ill is having a big impact as is long covid and loss of education for our kids. Companies are delaying making investments until 'normal' returns and this is having a knock on effect on things like climate change etc.

As for your made up quote - so if only 0.2% of people die, well with over 7 bn in the world that's 14m i think. 10 m were killed in WW1 for comparison.

Mr D - jesus, covid is so normalised now that over 500 deaths a week barely gets a mention. Dangerous should not just be measured by the death rate - as JB says these kids are clearly spreading it to their parents and grandparents etc. Then there's the impact of long covid (which does impact kids) etc not to mention their 'lost' education.
Most of this country seem to think covid has gone - i barely see a mask these days and social distancing is non existence.

£1.4m cash at 30/6 - should be fine for another year IMHO based on current trading

good recent interview on Vo x markets. CEO says contract completion time is being reduced and recently they did $150k of new business in 1 week. Q4 has started well and is historically the most profitable quarter for BRSD.

Investor meets presentation next Tuesday, 19th Oct at 6pm. Free to sign up.

Recent interview on Vo x markets was quite bullish so hopefully CEO can keep the positive momentum going after a good week

IIG now holds 13,280k shares via there £1m convertible note.

At todays price of 11p that's almost £1.5m in value, so a cool £500k profit. Not bad going for a company valued at only £7m

Fantastic news. Surely opens the door for other companies to follow suit

Thanks T Rat - this offer isn't available if you just go directly into the website. Probably linked to a specific ad.

2 priced options are £170 or £75

a 6 figure sum - not cheap but gives access to a new, younger customer base so could be a great link up. Liberty is definitely this year's star from Love Island

re STC i was slightly confused by GB's comments regarding 200 enquiries a day and c30% conversion.

The STC app is pretty useless on its own and requires an username and password to access which is set up via the website. Not sure why anyone would download it if they weren't interested.

On the website there are 2 options - a 1 month option and a 3 month option , neither of which is free so not sure where the free option has come from - a 15% discount code did flash up though.

If the number of actual users is 60 a day that's c1.800 a month, or less than 10% of the 20k capacity. A lot of scope for improvement which is no doubt why we are utilising a marketing company.

I have signed up so i'll see how it goes. As it supposedly offers product advice i wonder how this would work as DVRG will be recommending other companies products. We do have Stoer (??) for men although for the last 2 years we have been told that's been at breakeven so clearly little money is being used to expand the range and coverage.

and here are the TR1s.

Also a good interview on V o X markets from last Friday (link never works, but easy to find).
Satago and Lloyds link up going well and any deal will be material to the group (10th Dec end date), 2 of the 4 entities now EBITDA positive, Oxygen a market leader, loads of opportunities for Playstack etc.
JW seems positive after a few quiet days

A really solid set of results IMHO.

Revenues up and profits (before exceptional items) considerably higher - expectations for the full year also slightly ahead of management expectations so H2 is also progressing well.
Cash is being well managed and no debt.
Only slight concern appears to be a drop in overall agents advertising which indicates that some are not being converted to payers after the initial free period.

loads of buying in anticipation of good results tomorrow - not. I trade today so far.

I'm expecting a decent set of numbers tomorrow. If marketing and IT costs have been carefully managed, hopefully both rev and EBITDA should show double digit growth

amazed that despite a positive RNS and 3 new contracts the SP has fallen today, however, since H1 results the negativity does seem to be due to rising costs. It's all very good growing revenues, which BRSD is, however, if costs are rising at a greater rate, as highlighted in the H1 numbers, then that's a concern.
Also loads of historical warrants, which may be suppressing current SP.

On balance more positives than negatives IMHO so happy to hold

agree - my point was the timing of the release of the results. Previous good news has been suppressed due to the warrants. Waiting until the warrants have expired before releasing the year end results (which was always going to be Oct - don't think they've ever confirmed an exact date yet) makes sense.
Most CEOs have a bonus element linked to the SP, so holding back (hopefully) good news appears to be the plan.