Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Also, more than a few on here were insisting that the Fitbug offering was actually better than Fitbit.
Maybe it was, I don't know. Could just have been another VHS v Betamax scenario.
I know it was Jilson, but for a long time there was some hope that we'd get one over on them in court.
Wasn't to be though.
"which may make some readers who have been hanging around here since it's previous incarnation *"
Insert laugh or cry, I'm not sure which.
If Synge is still around he may have an opinion.
In other news, which may make some readers who have been hanging around here since it's previous incarnation, Fitbit has been snapped up by Google for $2.1bn.
Ahh, what could have been...
...perhaps still could be.
GLA
Many thanks
3%-4% is not a lot.
However, it has been suggested on here that this was all he was allowed to sell under the terms of the lock-in. This view seems to be supported by the wording of the RNS.
The question is, had he been allowed to sell 10% or 20% of his holding, would he? Only JD knows the answer to that.
Francesco sold 20% of his holding. (1.5m out of 7.25m). He does have over 20m options though.
GLA
Thanks,
I see it now.
GLA
Apparently he did.
And apparently it required the exact same £300k to put right.
GLA
Calamari,
I apologise ii advance if I'm being stupid here, but where does it tell us that is all they were allowed to sell. It tells us that 1,500,000 is all they did sell, but I can't see where it says this was their limit.
I suspect you are right by the way, and think it highly likely they would have sold more if they could. Just my opinion, obviously.
Also, I accept that 1,500,000 is not a significant portion of JDs holding, but it's a bit more significant for FP.
GLA
Perhaps.
Would have been nice if he'd given the market a heads up about the fact we had zero revenue in H1, rather than a wishy washy statement about being skewed more to H2 than previously envisaged.
Still don't fully understand why H1 was so poor. What happened to the £300k at the back end of last year? Only two possibilities for me:
1 - Those spending the £300k decided not to renew and no other new business was forthcoming. Disappointing if true and a genuine worry.
2 - Bidstack cancelled the previous income stream in order to concentrate on other areas. If true then fair play, however this should have been RNS'd in my opinion as it is pretty material to know whether or not the company you are invested in is actually trying to secure business or not.
Anyway, like the sucker I am I will not panic and sell out just yet, and may even be daft enough to add more if this goes sub 15p
GLA
As no-one else on here is mentioning it I will.
Those of you predicting 18p and getting pilloried for it have now been proved right, which is unfortunate for me as I continued to hold, and will continue to do so.
However, I must admit to not being as confident as I was before. I find it hard to put any positive spin on directors selling like this and I now fear those predicting 14p may just prove to be right.
GLA
I have not read the article but assume it is alluding to the recent revenue figures of £26k versus the H1 targets.
I must admit, I never thought they'd hit H1 revenue target as my interpretation of JD's words about revenue being more skewed to the second half than previously anticipated were a clear hint that H1 was not going to produce the expected numbers. Many others on here interpreted it differently, suggesting that H1 would hit but that H2 would be better than expected. Fair enough, it's all down to interpretation.
I think what most, if not all on here would agree on is that we expected much better H1 figures than we got. In the run up to the results many on here were predicting a pleasant surprise and that we may even beat forecast. Even the most pessimistic were suggesting around £0.5m, and were getting ridiculed for it. Personally, I expected between £0.8m and £1m.
The fact is that with £26k (test spend) I can only assume one of two reasons:
1 - the revenue from the previous year £0.3m has totally dried up and we have not been able to attract any more,
2 - it was a strategic decision to stop all sales in the short term, not actively seek any new sales, and instead concentrate on other areas of development.
If it was the first then you could argue that JD was hinting at it with his words, albeit not stressing quite how bad it was.
If it was the second then I do feel a little bit let down as this would have been a material course of action that the market should have been told about.
These are only my thoughts on the situation, nothing more.
I continue to hold here, and may even top up a bit more should they drop into the teens as I do believe the company will come good. I will feel a lot more comfortable when we actually see some money come in.
GLA
Possibly.
Then again he'll be the one laughing loudest if the share price drops to the teens on Monday.
None of us have any idea what will happen.
Possibly.
And that's one of the reasons I'm not prepared to gamble and try and trade this. I am holding tight.
But there was a hint in the results - "As a fast-growing business, we expect that revenues in 2019 will be significantly second half weighted with perhaps a more marked split than previously anticipated."
My take on this is that it suggests the first half year will be lower than expected but that better performance than expected in the second half will make up for it, meaning the H1 guidance will be missed but full year guidance will be met.
For example: if FY guidance is £6m with H1 expected to be £2m and H2 £4m, the statement suggests they now believe that H1 may only be £1.5m but H2 will be £4.5m, FY will still be £6m. These figures are totally made up by me just as an example.
The point is I believe the company has indicated H1 revenue will be less than initially projected.
I have no agenda here and I will be more than happy if they meet or exceed H1 guidance.
I hold share here and although I think the company has warned us that H1 figures will miss I am still not going to sell. If I was braver I would be selling some of my holding with the intention of getting back in when the results land and share price falls. However, I am not at all brave and would rather take the risk of missing out on the chance to trade a little, in favour of holding what I have in case this suddenly takes off.
Good luck all
I read it a different way.
I took from the statement that the first half figure would be missed but that they'd make it up in the second half. The net result being that the full year figure would be met.
The cynic in me interprets this as corporate language for "we'll miss first half forecast" and buys them time to cover the cracks in the second half.
The optimist in me hopes it simply reflects a shift in focus away from sales in the short term and that they will grow rapidly once all ducks are in a row.
For this reason I am hanging on to my shares and will probably top up if results are taken badly.
If we're making predictions I'll go for between £1-1.2m for H1.
No doubt Fortnite is a massive game, but where does the RNS suggest Bidstack will be involved with it?
There's only a tenuous link in the fact the same people are involved.
I will be very happy to be wrong on this as I am a holder.
Not sure of significance. But of those reported trades, the 3 x 250,000 account for £200k. They were all sells but took place between 8.33 and 9.53 in the morning. I guess they were why the brief spike didn't last too long when trading opened.
Thanks,
nice to see it in action.
Hi all,
I'm invested here by accident, like many will be. I was originally in Fitbug/KIN and held on. I've since topped up here and am now down to an average of just over 10p (at one time was over £33 with KIN!!!).
I read this board quite a lot and follow the arguments about is it over priced / under priced etc.
I really like the idea of this business and they do seem to be putting together an impressive team. That's a definite positive.
The tricky bit for me is the revenues. I realise this may not be a massive issue for this company at the moment as it is it's future revenue that is important. The reason I am holding on is because I believe in the team and the concept and do not want to miss out on future earnings or even a takeover. However, I feel it's important we make progress with revenue but do wonder whether the company is not attracting as much interest as expected. We have already been told revenue will be more weighted to the second half of the year then previously forecast. A diplomatic way of saying we aren't on target for first half in my opinion. I'm not really to worried about that though as already stated, I'm in for the long haul.
What I would like is some feedback from gamers if possible. I'm not a gamer at all but I'm sure some on here are. If anyone on here is playing the games Bidstack is already in, what level of advertising are you seeing? I would have thought anyone invested here who plays the games may have some idea of whether or not Bids are actually generating much income at the moment.
Apologies for the rambling post but would be interested to hear thoughts.
Cheers