Herald & Numis8 Jul 2020 11:29
Hi all, first post on this board. I have been following BIDS for a while. Admittedly with some frustration at lack of transparency when it comes to revenues, however I do understand the very unique situation they are in and appreciate the NDAs they are subject to. The sheer potential and scale of the addressable market is enough to keep me interested.
Firstly, a quick note on Herald... I work in the investment industry and I can tell you that Herald are an incredibly well regarded specialist tech boutique, with a proven expertise in the small cap space. I'm surprised more of you hadn't heard of them with the Herald Investment Trust being over £1bn in assets now. To have them as major shareholders at this early stage is extremely exciting. I also suggest they would have done more than just "kick the tyres" on this one, so again very promising.
Whilst Numis does not cover BIDS yet, I have heard they were sniffing around last year, gauging interest from the wider investment community. Although this evidently didn't materialise, BIDS could come back onto their radar with renewed interest and developments. Numis is a real heavyweight when it comes to research coverage and corporate broking in the UK, so having them cover BIDS could spark mass interest.
Disclaimer: everything mentioned should be considered opinion, not fact.
GLA