Member Info for Sisteract

Well sort of !!!!!. More like a renewal.

I'd be worried if it hadn't been renewed as that would mean there is something better/cheaper available.

Good PR Though. !!

I’ve never understood why people moan about the AIM.

If they care to research it the AIM was set up specifically for small companies to access the public market for funding. Therefore fund raising and share dilution is inevitable. So what else are companies who don’t make any money going to do when they need money.

Blaming the AIM is pointless and actually wrong.Raising money is inevitable so the best way to make money is to trade is on the ups and down of the story.

I hope they raise the money and when the dust settles around 2.5p I’ll buy in for 30-50% on the next bit of positivity in the story. Seen it many times. Money for old rope !!!!!

Like I said there is money in a good story and I’m is very good story teller.!!

All so predictable!!! And what was it IM said reasonably recently about a raise ????…… all aboard the gravy train !!!!!

It’s just a game to be played and I can’t believe some who actually believe this an investment. No so stupid to trade this share then !!

I often wonder what the exit or end game is for bird.

Is it organic growth to copy Veed. Figma et all. If so they need cash and lots of it or is it to build a product/company that they can sell. My view is the latter because it's much easier. So where is that big player with deep pockets coming from, the industry or private equity. Personally I don't see it coming from the industry as they seem to be following their own developments.Although bird have proof of concept they don't have proof of commercial success, this is why they have to focus on the quality of product, it has to be superior and become the "go to product" with a unique USP. If it isn't PE will go no where near it in a saturated market place. For me next 12 to 18 months are really important. They need to get some market traction otherwise this will just forever become a story telling share. !

I have to laugh at some of this . Addressable market $6.9 Billion. Where on earth do they pluck this stuff from. At 1% of that bird are looking at turnover of £690m. 0.1% - £69m. Bird are barely on lap 2 of a 69 lap journey. One thing that really worries me is birds fascination on focussing on the USA, sure it's the biggest market but also the largest competitors. Servicing a far away market is extremely difficult with how many staff ?and I've spend all my working life trading with North America and Americans much prefer to buy from Americans. Hit the Americans when you've got a proper product sure.. but now ??I'm not sure on that strategy. But Bird carry on the journey balancing development with cash.

Money for old rope.Play the game. Hopefully I'll be buying back at 3.50 within a month unless bird pull something out of the hat !!

I often hear Figma and Canva in the blackbird conversation but really they are galaxies apart.

Canva - T/o £2.7 Billion, 5K employees. Stated in 2014 and made a profit 3 years later with 295,000 paying customers

Figma T/o 700 Million. Product Launch 2016. Now with 2,800 employees. 4/5 Million users

Bird - Last Accounts - Revenue £2m, Loss £2.4M, Employees about 50, Paying Users known 100.

Bird will do Canva.. Really. It will take years and years of organic growth.With Al the worlds going to change at pace.

My guess is that they will build a sellable product as soon as they can and exit as soon as they can and if PM start dumping regularly leaving the directors in the box seat why on earth wouldn't they take it private. !It's the obvious thing to do.

Not sure we should be thanking Premier Milton for offloading... there's hardly a long queue of buyers.

Premier Milton are not daft and they'll have their reasons. If there is further selling by them it's won't be a great sign.

Absolutely the number of paying customers is the No 1. But informing the the lowly list of private investors who own next to Zip of the company is hardly a priority. Directorate change they are legally bound to announce but paid users no. Bird are probably aware that their announcement of the soaring 40,000 turned into a PR disaster when they announced 100 paying

users and are now quite guarded.The trouble with private investors is that many expect a constant new flow weekly, monthly etc but it never happens like that in business. Things take months and years with the shifting sands of technology as bird shareholders know only to well to their cost. The priority of the PI's who are predominantly interested in the rather lowly share price is no where near the priority of the directors.

That maybe true UserSteve but it may not be the case that it's a vote of no confidence. Eagle Eye, MoneyHub and Bird are three very different businesses and I know that women can't do it all. Bird certainly has a longer journey ahead and for whatever reason she's decided it's not now a journey for her. ! She's had her wrist slapped so the company paying the least, losing money and with the longest journey gets the axe. I would do the same as would most people !

Not sure it's bad news in my opinion.She's not crucial to the business. Eagle Eye solutions who pay her 56K per year in last accounts ( More than bird) could have slapped her wrist. They're a much bigger operation who actually make a profit and they may have felt she was spending to much time on bird/elevate so naturally bird had to go. She joined Bird in March last year and money hub in the summer. Money hub being a bigger operation as well. The tiddler had to go.

Hagreaves Lansdown is the stockbroker and they hold the shares in a nominee account for the beneficial owner. ie the person who bought the shares through the HL trading platform. So the 10% is the sum total of shares for the hundreds or thousands of people who bought bird shares though HL.It will just be individuals with 0.001% or less or more. There only needs to be a compulsory declaration if one of those individuals holds 3% or more. HL don't own any shares they are just in a nominee account for each individual under the HL name.

Yes it will be . If HL had 10% it would have been declared.

The interesting point is that HL is has been bought by Private Equity. It's the way things are going on the AIM. The market was specifically set up to help small companies raise money on the capital markets. Bird when they last fundraised went to wealthy individuals rather than the markets. I actually don't see how bird benefits by being on the AIM and actually think it will go private within the next couple of years.

Well hopefully Elevate.io Tintin. But bird have to market and promote themselves better. Even if you search video editing into Google - Bird/Elevate are well down the list. That's just plain, simple and easy marketing. No-one is going to find them at the bottom of the pile. If you have the best product shout about it... No-one is going to buy if they don't know you're there. I can't believe how weak bird are at marketing, sales and promotion. It's the most important part of any business by far.

I'm not sure it really matters what Veed do or how good it is. It's just another video editor when bird are building a video editing interface. They are quite evidently building a very complex product so the real issues here are time and money. Have they got the time.... I have no idea..Do they have the money....the answer to that is not enough currently in my view. There will always be a market for a basic video editor for the masses but a complex one takes a lot more thought and planning. The question is how big is the market for a complex one and when is the time the product is good enough. SR said elevate will have everything you need and nothing you don't need. But when is that and is it subject to change. What is it a year ....since Elevate was introduced. It is going to take much longer than that to develop a complex product 2/3years who nows. As long a bird can keep the finances in order, keep telling a good story I think it's a very lucrative short term trading proposition.

Interesting read below so thanks for posting. It would be interesting to see the financials to drill down to the detail in the accounts to investigate growth in intervening 17 years. Have we got to wait that long for bird ?... Not sure I'll still be here There is a difference though Accounts is Accounts and very little changes and it's been around for years. Balance sheet, PL, Income Statement, VAT, Invoices, Bills etc etc. .At the time Xero set up Sage was the dominant force and Xero really took off a few years ago following the the government's requirement to Make Tax Digital. Video Editing has far more players in the game and the AL development and who know what follows. The creator economy is relatively new and who knows how it will develop. In 17 years unlike Accounts it will be very different to the way it is know. Bird may well have a good product, that meets the way the creator economy changes but it has to be a product that people want and are prepared to pay for.

If it follows the xero trajectory we'll all be pretty happy but hopefully in a shorter timescale.

Yes, but there was no reason to stop the offer. There is hardly a clamour for the product and they need paying customers. They are charging for seats and storage though. Like most things it’s a numbers game !!

Nice of Mikey to agree with me. I often feel that short term traders are looked down upon by the "Investors"

Pokerchips - I don't think I am being misleading. I'm sure the posters on here are intelligent enough to understand that I'm only giving my opinion. I don't criticise or patronise other posters but I may give my opinion on points they raise. Isn't that active debate. Anyway they can think I'm talking rubbish or they may think there is some merit on what I say, but does it really matter. !!!?

You may remember that I made some money on DX sale a couple of years ago. I didn't know much about transport logistics apart from chatting to the courier drivers when they deliver. But I do understand business and I know as well as you do that a company making money is generally a better bet than one that constantly loses money. Let's both enjoy journey. !