Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
As part of his due diligence, Dr vonRosen will have had insights into the new deal which is currently protected by an NDA. They will also receive information about other deals in the pipeline.
Such an investor does not commit unless those opportunities are certain to bear fruit.
I'm increasingly convinced that the 'material' contract protected by the NDA is a monster.
I genuinely think Dev's software will be in nearly every school in Asia in the coming years.
Exciting times ahead.
SCSW had an article about Reach back in November when the SP was £1.
It's previously been behind a paywall but now available as a sample copy for those who'd like to read more about the investment case here:
www.scsw.co.uk/samplecopy.php
Not seen much speculation about this. My guess is another deal in India.
Possibly Government funded schools?? That would certainly fulfil the 'material' part.
It goes without saying, that would blow the share price through the roof! SS would be a billionaire.
Reach included in a partnership with Google for their News Showcase service, curating content and crucially - getting paid for it!
Very good news indeed!
"We welcome this initiative and its potential to give public interest journalism a more visible platform in Google,” says David Higgerson, Chief Audience Officer of Reach, the largest commercial publisher in the U.K, with many regional and national brands. “For us, public interest journalism thrives when it is not just about recording events but is of genuine interest to the public and is able to attract an audience that means it is sustainable. Google's work here will help give readers a new way to discover news which is important to them, which they may not otherwise have discovered."
Yep I'd expect this to steadily rise until results on March 1st. There will probably then be a sell off.
But looking to the future, this is likely to follow the same path as FUTR and breaking into the FTSE 250 will only accelerate that.
WRT to speculative shares, check out BRES. They have a huge graphite resource in Uganda (graphite is the main constituent in EV batteries) and in the next couple of months they will issue a JORC which should at least double the market cap of the company.
Hi Yo-Homes.
It wasn't a mindless ramp 'on no news'. The trading statement describing 'booking revenues substantially ahead of management expectations' was issued on 3rd Feb when SP was 24p. Since then price pulled back slightly to 22p which is to be expected given the 26% rise which occurred on the 2nd Feb.
The price action the last couple of days suggests the profit taking has stopped, the buys have taken control and we're on the next leg up which is spurred on by the excellent trading statement.
Lets not forget:
"In addition, Dev Clever very recently executed another material EdTech and services contract. The details of this comprehensive partnership agreement are currently subject to an NDA, which expires when this innovative proposition goes live for general availability. This is expected to occur in the second half of the 2021 calendar year."
This is the news which will give us 30p.
30p in sight.
What's your target price Master?
I'd class a 1200% year on year increase as a step change.
This isn't 2018, it's 2021.
Bids forecast last year that there would be a step change in revenues and they achieved it.
The one thing I didn't spot when researching was the amount of bitter former holders who clearly lost a lot of money. But I'm trusting my research ignoring the noise. If its pays off, great. If not, its no one's fault but my own.
Previous resistance around 22p area should now provide support. This will be 30p by the end of next week.
Having recently bought in to BIDS with an average of 10p, I'm pretty disappointed by the recent drop. I spent a fair amount of time researching Bidstack so I've been back through my notes to see if there was something I'd missed, but having done so it's only reaffirmed my conviction. The revenues / loss / cash were all pretty much as forecast and I didn't buy for this years results, I bought in for the results in 2-3 years time.
Below is a summary of the forecast vs actual numbers:
Revenues - £1.5m (Stifel note) vs £1.7m
Loss - £7m (Stifel note) vs £7.2m
Cash - £3.1m (Bidlievers) vs £2.76m
But the key metrics for me are that from H1 to H2, the revenues increased 460% whereas their costs increased 40%. Over the next year or so, I'd expect their costs to stabilise but the revenue growth to continue at a similar rate.
Assuming the costs do stay as they are now, BIDS need a revenue of c£30m to break even. So is this realistic?
Well to put it into context, I had a look at a company called Clear Channel Direct who own 2500 billboards in the UK. According to companies House their revs last year were £150m. That's UK alone and with maybe a thousand eyeballs per billboard. Now consider a billboard in an RPG game with a million players worldwide everyday. Add to that pitchside billboards, shirt sponsors, trackside advertising and the potential is mind blowing.
With new tech, its inevitable that develops will need convincing to let it loose in their games, and advertisers will need convincing of the benefit of IGA. A 460% increase in revenues suggests this process it starting to happen. Soon the handbrake will be released and 6p per share will seem an absolute bargain.
I'm topping up and staying long!
SCSW Tweet:
"Reach riding the blue wave, just 8p away from where the magic happens. Last year review was March 3rd
scsw.co.uk/searchresults.php?textfield=Reach+-+I+expect+it+to+be+in+the+running+for+FTSE-250+soon+enough&ftype=
Spare a moment for Luxor losing >£8m (who shorted c65p and still short?)"
My largest holding also, and no intention of selling anytime soon.