RE: Bidstack article8 Oct 2019 22:27
Bidstack #BIDS 30p
By billfunk, September 6 in Shares Trading
billfunk 5,161billfunk
Posted September 6
Bidstack are a native in-game advertiser. One key aspect this type of advertising is that it is immersive. For example if you are playing a football game, like FIFA, and you see advertising banners around the pitch, this does not break the immersion of the simulation. Immersive advertising like this is "good" advertising. (Bad advertising being like TV adverts breaking up a film).
Bidstack were one of the first movers in this practically virgin industry. There are 2.6bn people playing computer games and Bidstack have currently partnered with many groups including Football Manager, Dirt Rally and Grid. They have recently signed an agreement with TradeDesk, TTD, a $9bn valued advertising platform, in order to get their products to market.
Yet to report a profit, with an MCAP of £76.5m, Bidstack offers the potential of being a billion pound player. Indeed there are rumours of them moving to the American markets once they have a few years of good figures behind them. Price action wise, BIDS has been in a consolidation since the high of 41.5p in early June. 30p appears to be a fairly solid floor here. Once hard figures come through this should be the catalyst for the next move upwards towards £1.