Member Info for TheWednesday

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

Hope you're right.

I think they were right to cut divi and if they can get things right going forward this could prove to be a chance to snap up a bargain.

Could someone please clarify.

The headlines are all talking about 40% dividend cut, but surely the real dividend cut here is more like 60%.

We are being told the full year is down from approx 15c to 9c. That's 40% and I do not dispute that.

However, the 9c is made up of:
4.84 interim and the just announced 4.16 Final.

The 15.07c in 2018 was made up of:
4.84 interim and 10.23 final.

Now, I would accept the headlines talking of a 40% cut in dividend if we were to expect 9c being the new base for full year, but I can't imagine next year's interim will be 4.84. I would expect it to be nearer 1.95c as this would roughly keep it proportionate to the final dividend.

The Final has been reduced from 10.23 to 4.16, roughly a 60% cut. I would expect roughly the same to happen to the next declared interim.

I see next year's full dividend being around 6.1c, a 60% cut, and not 9c, a 40% cut.

Could someone please correct me if this is wrong.

UTO
FTB

Ramazotti, did you own these shares prior to 13/11/2017? If so that could explain it. I held 169,252 Fitbug shares at an average of 0.71p, as of 12/11/2017 following the 5,000:1 share consolidation I was left with 33 shares at an average of £36.36 (3636p). Had I done nothing I would still own these 33 shares, now in Bidstack and still at an average of £36.36.
Fortunately (perhaps stupidly) I purchased further shares in Kin at approx 7.2p, 5.4p and finally, on the last day before suspension at just over 3p. This has left me with just short of 19,000 Bidstack shares at an average of just over 11.5p.
It was a gamble on a reverse takeover happening and luckily I now have some chance of getting my money back and possibly making a profit. Up until a couple of months ago I had written it all off completely.

Small change to many on here I know, but an amount I would rather not lose completely, but was prepared to take a punt with.

Hope that helps and good luck all

Well I could buy 10,000 shares in company A today at �1 per share, sell 5,000 of them next week for �2 and get all my �10,000 back. I would be holding 5,000 shares in company a at no cost at all, or an average of �0.00. It may be that the share price has never been below �1 in it's history, that wouldn't alter the fact I can claim a �0.00 average. However, I get your point. The fact that he doesn't reply suggests it is probably pie in the sky.

30 August 2018 I believe. I hope they come up with something, especially as in the last RNS they said "The Company has rejected a number of potential acquisitions". No idea what the terms of those potential deals were but in my opinion even 4-5p per share is better than nothing. GLA

Rob-berry?