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Well I have a different view Pokerchips and that's what makes the world go round. I may be a cynical old goat but these interviews are almost exclusively for the private investor and how many private investors lose money on AIM shares.. you and I know the percentage is frightening. Whether it's detailed analysis or not... there are no difficult questions...on lost customers for example..... it's spoon fed promotion. If it is paid for as you say and you may be right I don't know... that should be made very clear in any interview so the potential investor is fully aware of it.
I do Pokerchips but it's of interest in this case. All they do is give the companies involved the oxygen of publicity to the poor private investor presenting the"everything will be ok and it's looking rosy for the future"scenario. Proper analytical financial interviewers would have a field day but that would put private investors off so that's not going to happen. After all they need to butter the PI's up for the next fundraise on the AIM.
We'll Poker... Those interviews were like a supporters club. Not one difficult question which there should of been just oh... bye the way you are still losing money. Ian's response well... there'll be further expenditure this year before roll out so they'll still be losing more money. It's been kicked further down the road. Good that Ian is back at work and I didn't think he looked very perky. SW share purchase smacks a little of "Crickey... What happend to the share price... do some thing someone.!!. I don't think they thought the markets would respond so negatively.
We'll, the markets have reacted very negatively. People are looking past the positivity fluff and at hard facts. The previous strategy just isn't producing the results and there is so much uncertainity moving forward... not only on the product but the timeframe. People are putting their faith in Sumit and Mo.. what happens if they leave?. IM not turning up was a PR disaster however it is dressed up.
Some fair comments there pokerchips. IM really looks in my view a bit of a fool especially with his "shockwave" comment.
You said many moons ago that Birds value was in its IP. Do you still think this is the case with it's slightly changed development strategy it now has. Things move on and it may not have the value it once had.Because if it isn't bird are likely to be rapidly overtaken by much bigger pockets. Sumit I think will become the focal point of the business and I should think he has a wry smile with ten million or so in thebank. Lets hope it's used wisely and not for more feathering of the nest.
We'll, what a disappointment that was. The trouble with bird is that too many people talk a good gamed haven't produced and now it's Sumit's turn. To some degree the event was saved by him.Other presenters looked totally exposed and spun as best they could.
IM has hung his hat on a strategy that isn't working half as well as they thought. Very poor that he wasn't there although ill it seems but there are ways of conveying confidence even remotely by him. It would have been far better and easier to postpone if that was the case. I think there is more to it and it wouldn't surprise if he wasn't there in the foreseeable. So where are bird now.... exactly where they have been for years... losing money and promising riches in years to come... whilst building a business on ever shifting sands. Over to you Sumit !
Maybe Pockerchips... They are turning over on average 55K a week and boy that's is a tiddler. !!
They have the gall to say they are in a strong financial position. Money in the bank is not a stong financial position, they are losing money and turning over peanuts.My money is on a another fundraise within the next 12 months to 18 months.
Pressure is on boys !!
Its actually really disappionting and confirms that bird is a massively risky share.!
Oh Dear.... Pokerchips.... I look forward to your defence of that.!!
In the words of the great Deborah Meaden.... I won't be investing. !!
Pokerchips. I admire you.... you seem to be bird's biggest cheerleader..... are you on the PR payroll ?
You are very eloquent in what you say and theory and examples are fine but it hasn't or ever been translated to where it matters with bird. There are hundreds if not thousands of tech companies working on the next big thing in whatever tech field they re working in. They have to start making substantial money or there will be years of fundraises to hopefully strike the gold in them their hills. Promises, promises and we are working on something is not an investment case !!
I just don't see what you see... perhaps I'll be convinced tomorrow. !!
I beg to differ.... all that came out of that was "we are working on a new platform...blah..blah...blah.
The problem as they illuded to is that their world is changing so rapidly... so how to you create a product that you can monitize in an ever changing world. It all seemed very vague and even the new guys have IM's talent for talking a good game. As those of you who read my posts know I have sold but I kept an eye on it to see if there was anything these new guys would say to persuade me to reinvest. They didn't.... so I won't. Good luck to all those who continue in hope.
What makes you think the share price should go up ?. This isn't new information. Its been signposted in previous releases and information provided. many times. So it should be of no suprise to anyone least of all the markets.
SP20... Directors have to act in the best interests of shareholders.Directors also act in the best interests of the company, it's employees and themselves not necessarily in that order.What is perceived as fair is irrelevant. For example a company may go to the markets to raise money leading to dilution. It might not be fair to shareholders short term but the company would view it as in the shareholders bests interests over the longer term. It's all perception and private investors are generally short term in their thinking. The lowly private investor like myself has to accept it.. we have no sway.. never will have. The only power we have is to buy or sell ...nothing else really matters.
Its obvious why there is a rush to exercise the share options. Anyone on the shareholder register by the 10th March is entitled to the 0.5p dividend payable the end of the month. Ports is right about the AIM. The AIM exchange was set up specifically to assist small companies raise money in the markets which is why dilution is never far away.
Deep... if we hit 50p this year I'd be doing cartwheels and I haven't done those for a long long time. I'd probably would have sold well before we get there. Personally I think if we hit 35p consistently this year I'd be pleased. Anything can happen of course so who knows but it would have to be something dramatic to get it to those levels in short order. Director buying has traditionally caused share price growth but if its steady as she goes growth I think it will be more likely 2/3 years.
DX' two brokers are forecasting target prices of around 50p to 57P with a 25% upside this year. I'd be happy with that and a progressive dividend.
Yes, pretty mooted response from the markets but really confirmation of the information that was already in the public domain. Two things stood out for me. Like you Ports... 2 man freight pretty flat at 4% growth and they have to be a bit disappointed with that. Parcels growth up 20% which is admittedly from a very low base.Hopefully the Tufnells claim will be dealt with soon and Dx can focus on what DX do well.
Well, the bird fan club is pretty quiet. Just nothing happening. But don't worry folks, we're working on it, it's coming, it's coming.... it's all the IP. keep the faith... bird is word...blah..blah.blah. You can only talk a good game for so long and it's been way to long. I must admit that I was taken in by IM's credibility as a front man but there is nothing to back it up and you can only make promises for so long. This and other discussion boards just become techie discussion boards and where the prevalent thought is that if we get in with so and so we'll make a fortune.
I've decided to ditch over the last week or so and plough my funds into a logistics company that one prevalent poster on this board ridiculed me for holding shares in a year or so ago. A company now on the verge of paying a dividend.!! Good Luck.
Ports... Whether this is an opportunistic or slightly spurious claim by Tufnells it has to dealt with. It's in Tufnells interests to do as much damage to DX whether reputational or financial. There is no love lost between the two now. I can't imagine this going to the high court.. Can you imagine the publicity... £50 Bungs between two national carriers not to mention the costs.
If this reaches the high court I'd consider it a monumental failure by DX... far more than DX's failure to recognise Grant Thorntons concerns.
I don't share triviality of this matter and the statement in the RNS fills me with dread.
" The group intends to defend its position robustly" What is there to defend, they have admitted bribery. Reminds me of the amateurish stance they took with the previous auditors and look what happened then !!
Tunnels will have taken legal advice, how serious it all becomes we don't know but as someone says it needs dealing with pronto.
I'm pleased Lloyd hasn't comeback.. I had visions. Regardless, he is a wealthy man and will do pretty well out of DX moving forward. With the appointment of PI as CEO there is some consistency moving forward lloyds strategy. I'd agree with those commenting on the Macro economic outlook but that's long term now. Russia and the parts of the east are turning away from the west permanently and we and future generations are going to have to get used to the difficulties it will create. In light of that I've become a bit more short term in my share dealing.