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Couple of monster buys after hours!
Do we know for sure that the India government schools contract which they announced in the latest RNS is not the one which was covered by the NDA?
I guess the latest RNS would have made reference to the NDA if so.
If it's not, it's more than likely the NDA contract is not in India.
Very excited for the next 6 months!
Much better.
The #AAA RNS from yesterday should hopefully give us a bit of a lift. Now 30p has gone the next resistance level is 40p. We may well reach that by the end of June.
Great day - red to blue.
Be interesting to see if we can get past 30p, it proved a sticking point in the past.
Thanks for the info GSmiley.
The 'live' websites are the reason I first invested in Reach when it was down at the 50p level. I live in Teesside and 'Teesside Live' is the place to go for local news. They are expanding this brand to all areas of the UK meaning the daily viewing audience will be up there with the national news websites.
As you say, monetising these visitors is key and progress in this area is still at an early stage meaning considerable growth potential.
The SP is very well supported at the 3.8p level and seems to bounce off it quite hard offering some decent opportunities for traders.
For longer term holders, trading update should be due in about a month. Most of the haters predicted a placing well before now so it would appear they have at least enough cash to get us to the interim results. My hope is that there's enough positives in those results to warrant continuing to hold.
If LSE's algo is right then buys outnumbered sells by 10-1 today.
Always seems to be a delayed reaction on this one. Took a day or two for the market to wake up to the NISA agreement.
1.4m schools, and that's India alone. Can't imagine it will be too much longer until they target other Asian countries.
Just had a blast on mad skills bmx, one of the Turborilla games recently added to the Bidstack portfolio. A few ads on there, all of which are well placed right at the start line for maximum view time. The sky broadband ad looked great. However I'd estimate fill rate to be less than 5%.
IMO this is what is holding Bids back. But its only a matter of time until the advertisers wake up to opportunity here. The big agencies won't have set up dedicated departments for less than 5% fill rates.
All this board seems to be bothered about is James Draper and how he sold some shares at 30p. Forget the past for one second, take a look at the tech they have, the potential market size and the advertisers who are starting to wake up to IGA and seriously tell me this company is worth £17m.
This is just the start. At some point it will explode!
I topped up at 35p and was happy to pay that price on the basis I believe it will be much higher in the future.
The fact it is now 23p is frustrating as if I'd waited I could have got better value, but I'm still happy with my holding as I still believe it will be much higher in the future.
Billionaires don't invest in duds.
Bullish pinbar today at a key level of support.
Fingers crossed its the start of the bulls regaining control.
These games are very popular so excellent news.
Seems to be a bit of shift in strategy to target more mobile games rather than AAA. This is definitely the way to go to increase revenues during the early years of IGA.
This will hopefully find support on the 100SMA which is currently at 25p. This level has also acted as support in the past in early March.
A lot of people on the sidelines will have been waiting for an entry so hoping it does bounce but I think this will consolidate at the 25 - 30p level until further news.
Alan Duff just tweeted that the seller is done - "Watch these trade back up now."
Great to see significant progress been made by Bidstack helping establish this completely new area of advertising. The development is plain to see:
First build the software (done) - then attract the games developers (ever increasing inventory) - then attract the ad agencies (major agencies now have dedicated gaming divisions) - then attract the advertisers.
For me, it is only a matter of time before the advertisers flood in. Given the absence of any revenue figures for the year to date, I suspect the fill rates are still very low. But Q1 is historically the quietest period for advertisers.
If you're prepared to be patient, there is significant potential here. If not, don't invest.