George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
what an opportunity to top up again a company with mcap of 60 mill with a ev contract now worth up to 54mill over 4 years and even talking about a potential dividend in the future to shareholders and all because they are rubbish at writing RNS
Thank you poker for your balanced thoughts at last some sense without the other stuff and i await the placing before deciding whether it is worth a small investment ,what was concerning going forward looking at the accounts was the small margins the large overheads and the revenue needed to be generated to get anywhere near a profitable company any thoughts going forward?
results out yesterday
1/in ad advertising
2/fund raises
3/expanded workforce
4 /news flows of increased interest, contracts signed
5/revenues disappoint
does this sound familiar
The point is Bidstack is having the same problems and what we need to understand is why these companies are not bringing in the revenues the market expects
1/Too early for the tech
2/Covid has pushed back increase in revenue streams
3/advertisers are just not convinced of the benefits of this advertising space
4/bad management
These companies will not see their share prices reflect their value until the market sees a path to profitability which is some way off until we see some major uplift in their revenues ,with bids and a mcap of 14.5 mill if you believe in the tech it could be worth a small investment after the fund raise,it is difficult to put a value on a company like this as it not profit making but you could say 2 to 3 times revenue and how much would it cost you to setup, develop ,the company to where it is now .I feel very sorry for investors that have lost money here ,and have been disappointed with the lack of communication from bidstack it was interesting that mirriads communications the last few months before their results was also lacking, obviously no news is not good news!
It is also fact that bidstack with its fundamentals at the time was never worth anywhere near what people paid for it and that was purely based on hype,
agree, i suppose with the updates from mirriad about new income streams this year the market was disappointed with the revenues, covid has affected advertising spending also but the market still sees the company not profitable for several more years ,
well put Fukurokuju79 agree with all that..
companies like this are often driven by hype ,speculation up and down as you can see, as they are still developing and since they do not make a profit it is difficult to put a value on them, personally the 8.5p i would agree with if their revenue was 9mill as stated for 2022,if you wait until the placing at least you will know they can keep going for another year and with news flows see what direction the company is going but accept in this case communication from bidstack could be better
i take it everyone has read the whole stifel note revenue 9mill 2022yr interesting that they say the pandemic is responsible for the revised revenue figure well that sounds acceptable ,also that it is high risk but high reward well yes i think we would all agree with that ,once the fund raise happens that might be the time to take a small position when we know they will have funding for another year.
looking to invest in versarien but noticed on the accounts that cost of sales seem high around 76 % so i imagine they will need to increase revenue by at least 3x to break even any thoughts on what application for the material could transform things or is it still too early to say,
well Jongrey your post were not very adult were they, look we know the history, we know the risks and it wont sink or swim on whether draper drives a merc or a mini!! it will be revenue,cost of sales and overheads DYOR
Lets hope not leng _man got to keep the faith and stick with it ,just a shame these boards are infected by certain people with nothing constructive to offer
dont be I averaged down to 10p, you will know by the middle of the year where your investment is going, I am afraid this board is infected by a minority of very unpleasant people
Dont know about year on year but a year I would agree if they could that it would be outstanding!! and we would break evenby the end of this year, i think sturdz18, many shareholders are frustrated with the lack of comms from bids i understand that completely and to be honest it makes me nervous, but been here over a year and will stick it out ,it could well come good in the end but the longer it goes on the more dillution we will see
sentiment can drive the share price but at the end of the day its figures that count everything is in place so hopefully we will see these revenues ramp up ,although gaming has boomed ,probably ad spend has been held back ,looking at the accounts they have 6months before they need funds and that is if revenue flattens, if it on upward trend probably the end of the year
no your sturdz18 and we still await year end accounts for 2020
around 25mill I would say sturdz18 accounts only tell you about the past, until we have year end 20 accounts and revenue forecasts hard to nail the revenue figure down will depend on cost of sales and overheads as they scale up ,agree leng-man .
agree with that ,personally until we have the year end accounts in full and projections for revenue growth its hard to judge the outcome as things stand we would need 2mill/month revenue for break even but as you say now they have scaled up, revenue could soar ,i dont suppose the overheads will change much now?, the cost of sale is high at the moment will this change all this is a factor in planning a road to profitability being able to calculate how much revenue we will need and seeing how long this will take ,this will tell us how much more funding might be required
600,000 per month of course
unlikely just yet, cost of sales around 75% leaving them 25% of revenue as profit overheads running at around £600,000 even if revenue was flat have around 6months old chap, but agree will need funds unless revenue explodes later this year