Member Info for trader250

Best to wait after results. Quiz need to re-position more to online. One still to watch for me.

Sorry - you are right, my mistake (bit of manflu at present). The agreements has of course been signe!

Yes indeed but you will note the deal has NOT been signed (read the RNS).

The most damming statement in today's RNS is this:-

"in anticipation that this agreement would eventually be signed."

The former RNS confirmed the company had "entered into" an agreement. So there is no legally binding Trading Agreement - it has not been signed! The clusterf@@@ begins on Monday...

It does not take a corporate lawyer to note the caveat "if received" in the RNS (hence why that RNS was required to be issued)...

You are right. The Milestone RNS was a dog's breakfast of smoke and mirrors. That RNS should really have stated the identity of the digital marketing company. In addition, it should have at least alluded to the likely annual estimated revenue as these figures surely would have been discussed (prior to the issue of the Trading Update). To allude to an advertising budget as "revenue" thus misleading some investors is clearly why legal have forced BIDS to issue the RNS today. I like what the company is doing but their investor relations is a shambles. Not impressive so far.

No. The recent RNS was clearly issued (no doubt imposed on the company by the NOMAD) to clarify the "if received". The first RNS simply stated it had entered into a Trading agreement with a global marketing company with a budget of £10m p/a. It states this company only has an annual budget spend - not guaranteed income. Some posters here are sorely mistaken if they think the £10m is a given. BIDS have been forced to issue this RNS (a bit naughty to do this after hours following a 20% rise) to correct any misunderstanding. This will be volatile for a bit and certainly tank when the results come out.

They are obliged under FTSE rules to alert the market if results are materially different to those forecasted- the NOMAD would have insisted on the RNS being released. Today's RNS is so woolly and confusing . Name the company involved , be specific on what this means in terms of revenue. It's all about the revenue. A down day tomorrow?

Not quite- it says "up to". It is a budget. A positive in any event and expect a decent rebound today.

TW has a good record in seeing through the hype. I agree with you that this SP has further to fall. AIM is merciless. My post of 26 /11:-
So what is your SP prediction for end Q4? If they miss their 2019 target then this will drop 50% and then slide towards 6p. Still too risky for me so would rather wait for results. Again, my concern is recent chunky sells by Directors, no iis holding and currently overvalued given the miniscule revenue to date. So be prepared to lose a lot if expectations are not met (such is the nature of AIM).

You are clearly deluded - read the RNS...

Obviously there was no mention of (the poor) revenues and likewise, no mention of how much cash BIDS has left. That's a real concern. We will just have to wait until the results in Q1 2020. Only the foolhardy will be buying today but I do not see (not even a dead cat) bounce today as Maverick thinks there will be.

Hear Hear. So sorry for those who are deep in the red here.

Agree entirely . So far we have seen no substance but just hype on dodgy websites and Linkedin. I would rather wait until the results and see what the revenues are. It's all about the revenue (in RNS form). In the meantime, if the story really is good as it's made out to be, we can expect significant Director buys (but I doubt it).

Well said Jock. In the absence of any indication of revenues, this will fall even harder. The directors knew what they were doing when they sold their £600k. 4p soon surely? As mentioned, the smart money exited a while ago. BIDS have surely missed the boat here- it's all too good to be true. This reminds me of BOOM, FITB CTAG etc

Yes indeed. On cue for 6p. AIM is unforgiving. The unsettling thing is, there are no HNWs buying into the BIDS story. Usually, if the investment case is good, there will be a steady accumulation which is not happening here. Quite the reverse with the recent £600k director sells. It seems the smart money (from the 6/8p days) is still exiting with a view to seeing some profit. Not at all comforting/encouraging and the SP is being driven by fear by the looks of it (MMs have nothing to do with fixing the price here).

Any such meeting would essentially be a waste of time. Imparting any non-public information/price sensitive information to select investors other than the appropriate RNS channels is prohibited and BIDS will have LSE standards to comply with for engaging with shareholders (and that includes any "select" investor meet-ups).

JD is entitled to meet up with investors if he wants to. I frequently speak to /meet Directors in respect of companies I am/might want to invest in but there is a limit on what a Director can say. He may make encouraging comments and expand upon issues which are already in the public domain which is fine. The red flag for me is still the £600k sells by JD and another. Why so much? I doubt market expectations for H2 will be met so this sort of meeting will probably steady the ship enroute to Xmas (be prepared for twitter updates following the meet). I like the concept (of BIDS) but if the tech really works as they say it does, BIDS would not be on AIM but would have been bought out by a PE group by now. Safe thing to do is to wait for RNS and not to act on a twitter/BB post (no regulation whatsoever).

Yes but not by the Quiz family members who appear not to to be interested in investing their chunky IPO windfalls at these bucket shop prices. I wonder if they have any appetite left for the business now that they have made their millions?

Emma-Lou Montgomery, associate director from Fidelity Personal Investing’s share dealing service, has been looking at the results from Quiz mentioned earlier.

Shareholders will be scratching their heads, she said.

"There are certainly more questions than answers raised; not least by the 85% fall in underlying pre-tax profits," she says. "This is predominantly an online business, yet the group’s underlying stores and concession seem to be providing the biggest drag on profits. So why not ditch them?

“It looks like up to half may close, as it attempts to renegotiate or terminate leases over the next two years. In the meantime they will just be an additional cost that the group could do without.

"The all-important Christmas trading period is underway and investors and management alike will be hoping Quiz has what it takes to stand out in the fiercely competitive fast-fashion retail marketplace it’s currently looking a little bit lost in.”

Quiz says it has 73 stores and 171 concessions in the UK.