Share Name Share Symbol Market Type Share ISIN Share Description
Bright Things LSE:BGT London Ordinary Share GB00B00S8650 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.375p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 -1.7 -1.8 - 4.28

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Bright Things (BGT) Discussions and Chat

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Date Time Title Posts
14/7/201013:37Bright Things - Entry into Social Networking5,415.00
17/6/201010:44BGT Research Essentials - 2009/2010580.00
10/6/200910:12bright future for bgt7,743.00
13/4/200921:42****BRIGHT THINGS**** 2008 NEW ERA79.00
27/1/200911:49SocialGO Stats17.00

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carl79: Unless yo know something i dont, I am not sure how the share price this morning "should have been 4p" or what makes you think Vikrant has been suppressing the price all this time?? I was under the impression that the share price was here becasue the market does not know how close to profitability the company is, what the cash burn is or how quickly their revenue / profit lines are growing...If you know for a fact that Vikrant kept the price at sub 1.5p for so long and that following today's news, we'll see 4p no sweat then maybe you should be teaching me - seriously - becasue I am not following your logic... Yup, name change good but also suggests that nothing but SG is on the agenda in the future - so it gives focus and lets us know they think they have a viable company on SG alone but it also puts all the eggs in this basket - I can only assume it is a nice soft, big basket! :-)
the analyst: Norbus I agree, dilution doesn't seem to be something they are clued-up about, or bothered about. The focus on the funding issues and the shareholder value aspect of things is clear as mud On the one hand, if they issue themselves more shares at the 1.25p level, it shows confidence in the business and it usually means an opportunity for us to top up at similar levels (if we wish to). But, on the other hand, wouldn't it be better to issue shares to institutions as 4p? It's a shame, as the business model seems to be progressing well with increasing revenues month on month, despite the fact that V1 seems to be suffering a little as they concentrate the troops on V2. Obviously, the share price has not been helped by the uncertainty relating to both BGT's finances and the economy.
carl79: That's good if so - you dont start hiring if you need to watch the pennies - you make the existing team do more with less until cash is not so tight...promising... What would a B/E announcement do to the BGT share price if it were the next RNS we got. Double it? More?? What is the magic number of networks to get us there - 6,000 give or take? yes, my guess was that if the widgets are popular (and they are capable of developing them in house) then giving up revenue to 3rd parties is a complete waste...if not many networks take them, there is no point spending resource churning them out but if they are in demand then the numbers stack up in terms of RoI...
the analyst: I'm realistic norbus, whereas I see your vision of pumping the share price with spin and selling into it as totally unrealistic and unsustainable. That's my idea of a rose-tinted vision, based on nothing tangible. I don't mind if they pump the share price, but it's not my target. I have targets for the business and many of them are being met and a few seem to be taking longer than I had hoped for. One thing for sure, over the last 12 months they have become a real player in the sector. They have a product, people are paying for it, they have a revenue stream that increases month on month and right now they are getting great PR (do a google news search for socialgo). In what could be a $4 billion market, that is impressive Your targets seem to be based around share price, yearning for an MDC circa 2005 scenario - spin, pump, sell, spin, pump, sell, repeat as necessary. I don't think that creates genuine long-term value for holders With regards long-term investing, this is how I make a living. I still hold some ASC bought back in 2002 and I'm still waiting for them to come right too. Just drags on and on...
the analyst: Rather than use the term 'lazy', perhaps it would be kinder if I used the term 'british working ethics' I was told that Spence at WL was really frustrated by the working ethics at SG. Generally, the working ethics in the US are quite different from the UK and I can understand where Spence is coming from on that from my experience working in New York In many British companies I've seen, staff can't wait for Friday - the ritual drinking session followed by a weekend lazing around at home, then lethargically rolling into work on Monday morning, only to leave again by 5pm. Then there are the 30 days holidays per year. Not bad compared to France, but not productive compared to the US where you will quite often find the average joe working as if it's his company It's not about the absolute number of hours, but the environment in which people work. The way people feel about getting projects done well and on time, the feeling of excitement about the future... So, I hope that the team at BGT have the incentives (share options and enthusiasm from the top) that make them WANT to work all hours to get the platform where it should be, to get the share price where it should be. It's much better if staff love to work hard and take real pride in their achievements rather than them seeing their daily work as 'another day at the office' I'm not making accusations, I have no idea what the system is, but without updates from the company, all we can see is the platform and how it progresses day to day, which from my perspective seems slow in 2010. I thought it was good in 2009, but this year I have seen very little when I was expecting really big things Should moving the servers to a new host really have taken 3 months? I know that the senior staff work very hard at BGT, so I just hope the same is true for the others and that there is a very good reason why progress 'seems' so slow over the past four months Like I say, hopefully it is a combo of working on V2 and concierge service take-up
the analyst: I guess that at this stage, none of us know if a trading update would do good or bad for the share price, which presents a conundrum If it were that releasing an honest trading update would result in a price drop, then I prefer them to raise funds first at 1.25p, then update the market after Conversely, if an early (pre-results) update would result in a price increase, then I'm all for it prior to raising funds So, the question you have to ask yourself is whether pushing for an early update (pre-placing) would be good or bad for the share price? I'm OK with one final 1.25p placing, but not so happy with pushing the share price down and then placing shares at a discount I'm confident long-term that they can build a highly profitable business, but I would only push for an update if it would guarantee a share price rise....
the analyst: Yup, I'm in agreement with Carl - most of us here are expecting another placing, airforce11 My guess, unless we get a very good trading update well before they have a placing, would be a price of 1.25p, just like all the other ones I'd be happy with that I'd also be happy if the people that take the majority of the shares are the Directors. Even happier if Vikrant increases his stake. I like Directors to have a VERY good incentive to do well via shares, rather than pay and bonuses, especially non-execs like Vikrant with his background, skills, connections etc. With plenty of shares and options, he will REALLY want SocialGO to succeed and will work much harder on making that happen Of course, I'd prefer it if we had a placing at 2p+, or if they didn't need one at all, lol :) Long-term, if you take the view that the aim is to build a company with a market cap of, lets say, £120m, then if they have 500-600m shares in issue by then, that is fine. It would mean a long-term share price of 20-24p Even with 1000m shares in issue, it would mean a share price of 12p Of course, getting the market cap up to £120m will be no mean feat, but it IS possible, given the product they have and the valuations of others in the arena (ning, being valued at £500m, for example)
ldmachin: ~~ADVFN*MODERATEDApologies the analyst to continue this on your thread, but... Carl79, You are pathetic. You take selective quotes from posts i have made and associate them with whatever you see fit to fit your agenda. When i ask you to repost my post in full to show that you have taken it out of context you then refuse. You are a liar. 1 - "I get the horrible feeling that 'have your own social network' is just a fad" Evidence proves this to be wrong - just as your potential investment in a company that ONLY does "create your own social networks" betrays you! ---- What evidence? It's taken 8 months just to get 1000 paying customers. With the current numbers, Social Go is a non-viable business. The fact that 100,000 people have created a network, and only 1% have deemed it worthy of paying for the product speaks for itself. YOU HAVE 1000 PAYING CUSTOMERS - AS I'VE SAID BEFORE, A PAPERSHOP HAS MORE PAYING CUSTOMERS ON IT'S BOOKS!!! 2 - "They need to be able to bring across all the history of posts, uploaded photos, uploaded movies, etc... Ning users will not want to lose this information if they transition over to SocialGo." Whilst this is true, you said it becasue you thought it not possible, a barrier if you will...this is despite me telling you it was possible to do just that!! ---- Another lie. I SAID IT WOULD TAKE MULTIPLE TOOLS, WHICH HAS PROVEN TO BE CORRECT. YOU WERE THE ONE WHO STATED IT COULD ALL BE DONE AT THE 'CLICK OF A BUTTON'. 3 - "I would have thought that the users of the social network would need to give permission for their details to be moved across to another social network site as it does not match the T&C that were outlayed when they first signed up to the social network account on Ning or wherever it may have been." And you thought permission required...just a requirement to sign up to the new T&Cs which is what I told you they need to do. ----- And another lie. I WAS THE ONE WHO SAID THEY WOULD HAVE TO RE-SIGN TERMS AND CONDITIONS! THIS IS GIVING CONSENT YOU FOOL! I QUOTED DATA PROTECTION LAWS TO YOU!. 4 - With reference the migration tool that you thought would not exist "I think it'll be very basic. I certainly don't think you'll be able to export the whole of your Ning data say and re-import it into SocialGo and organise it, say link posts with users. Very naive." Again, are you on smack! This is 100% incorrect! You can export all of your Ning site and import it to SG - you can even emulate the layout so users are not aware of the shift! If you cling to the fact that you need two tools to complete the process then why did you refer to it in the singular above...I think you did becasue you had no idea about what you were going on about! - YOU'RE TALKING ABSOLUTE RUBBISH. IF MIGRATING YOUR NETWORK SO PERFECTLY IS SO EASY AND STRAIGHT FORWARD (AT THE CLICK OF A BUTTON YOU INSIST ON)... WHY DO WIDGET LAB OFFER A SERVICE TO DO IT ALL FOR YOU FOR AN EXTORTIONATE $400+!!!!! ------------------------------------------------------------------------------- Let's look at a more recent lie of yours: Carl79 - 30 Oct'09 - 15:29 - 15 of 86 I'll make this quick LDM. You did say they'd go bust. You laughed at anyone considering investing as a result...the share price was lower than it is now when you made the comments! Your comment on the $ is taken on board but it is not feasible! Their customer base is predominantly US based. You suggest charging in Euro's becasue it is doing well right now - but you contradict yourself in the argument about BGT being a UK based company etc - they should in this case charge in £, no? If not then should I expect my phone bill to be in Euros next month because that would get the respective company an extra 5% before the additional costs associated with cross currency trades! Come on, be sensible. They charge in Dollars - get over it. If the dollar plummets then i guess they'll address the problem by either charging more dollars or switching the currency to GBP - doubt they'd ever charge solely in Euros unless the EU is where their action comes from... ref your comments to TA - you do know that they have close to 100k networks in total right? A lot of these ex-ning users are in that camp - not ONLY in the premium one!! So they "got" far more than just 1000 ning customers this past 6 months and continue to do should remember that in all of Nings existence they only have 11/12k paying customers - in 6 months BGT has a 10th of this and is gaining ground by the day. "Ning can just constantly undercut Social Go prices until BGT runs out of cash..." This shows how little you know of the industry, Ning's strategy and the way BGT will win out here - look, in a nut shell this is not going to be about cost, it will ultimately be about functionality - SG is a more functional platform if albeit immature right now. At least you now call it a good product, you never used to! lol And here is a post i made over a year ago, noticed the BOLDED wording. LDMachin - 26 Sep'08 - 12:15 - 2073 of 4691 the analyst, I've taken a look at this company and offering my opinion as to why i chose not to invest at this time, that is all. Current investors didn't like my opinions, that is all... they have a vested interest in this company and don't like opposing views and are very protective, i.e. 'Go elsewhere', ' that is total rubbish' and all that... heard it a million times before from the PLW guys... right up until it was suspended. The nominal shareprice value of this stock is 1p. If there is to be any fund-raising done which requires the issue of the shares... then it can only be done at a minimum of 1p (the nominal value)... so, it is in the best interests of the company to do it asap, with the shareprice is just over 1p. Like i've said the product is good. But i don't like the lingering fund-raising issues... this company has a history of doing nothing but fund-raising and the injection of funds not leading to generating profits. And i believe that most people who sign up to 'Social Go', will choose the 'free option' with advertising... and i think the hit and referral rates will need to be very high for SocialGo to make any money on the advertising on these 'free option' sites... and i don't think the hit and referral rates will be that high. You may get a couple of hundred who pay for the package and/or extras without advertising, but a couple of hundred won't be enough to cover cost of sales and central business costs and to service debt. It's a judgement. That is my judgement. You have yours... it's a as simple as that. This is not an investment for me at this time for all the reasons i have repeatedly stated." ---- Also notice how i include full posts as not to distort as you have done. Now go and give some of your consultancy advice to a villiage idiot, 'cause they'd be the only person crazy enough to take any kind of advice from the likes of you.
ljsquash: I see LDM's history shows mainly Argonaut and LNG so he possibly lost a lot on the BGT share price fall (As have we if we sold now). Though some intellect in the arguments a lot of flaws also and not even a fair "glass half empty" return to Carl's view point.
dell314: Carl - thanks for your reply. Whilst it is clear that remuneration to the vendors for Commonworld is variable with product performance and BGT share price, don't get distracted by the apparent share only remuneration. It is also clear that the vendors are quids in, even if the product turns out to be complete pants, as they control the company being paid to develop the product. I'd imagine that development will take considerable funding and consequently earn the vendors a tidy sum, even if the product fails. FWIW, I think it's rather optimistic to cite Dominic as a shrewd cookie seeing as Bubble failed, the DVD games don't appear to have set the world on fire and now they appear to be jumping on a new bandwagon to save their positions. Third time lucky? Maybe, but I wouldn't bank on it... clafferty - You asked why the placing was at such a severe discount to prevailing share price I'd offer two suggestions: 1) The current and previous businesses have failed, so you'd expect anyone putting new money in to want a larger stake for less money. 2) The prevailing share price was largely driven up by bulletin board rampers expecting great things from the Tiger Woods game and probably not reflective of the current state/value of the existing business... All IMHO, DYOR etc. Rgds dell
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