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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Fitbug | FITB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.1675 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.1675 | 0.1675 |
| Top Posts |
|---|
Posted at 11/4/2017 07:29 by bibdaddy FITBUG HOLDINGS PLC ('FITBUG' OR 'THE COMPANY')Non-regulatory - Customer Renewal Fitbug Holdings Plc (AIM: FITB), the AIM quoted digital wellness provider for corporate organisations, now trading as Kin Wellness, is pleased to announce a customer renewal for wellbeing services with a large financial institution. After a successful first year, the client has renewed its arrangements with the Company's strategic partner, for the same group of employees as the previous year. This is expected to generate around £70,000 of service revenues for the Group during 2017. Client confidentiality does not allow for the disclosure of further details at this time. This non-regulatory RNS Reach communication is part of our strategy to provide more frequent updates to our shareholders. |
Posted at 13/3/2017 09:05 by mudbath The Directors and shareholders of NW1 along with the remainder of the Fitbug concert party are all very much intertwined, being, in the main,a group of highly successful Jewish entrepreneurs involved in the Health Club industry.Alongside owning the rump of the FITB equity and of course continuing to enable its survival,NW1 holds a Debenture over Fitbug's fixed and floating assets. It is apparent then that the concert party could exercise full control over this AIM listed micro cap. The concert party constituents also run a chain of Health Clubs under the Playgate name.One of these alone,Playgate Regents Palace,making a profit of £1,249,117 in the year ended Dec 2015. Interestingly the various clubs operating under the Playgate banner have recently all been brought together,becoming wholly owned subsidiaries of The Healthclub Collection Ltd,which itself is owned and directed by Concert Party members. Why then,would this very wealthy market orientated clique continue to plough serious cash into FITB yet otherwise remain unconnected except for its shareholdings and providing essential financial support? For me,they either see the FITB business model gaining sufficient traction to enable profits to be generated,or (as this seems virtually impossible)to introduce a new dimension via the injection of their Health Club expertise,and or,businesses. The Concert Party are the only ones,imo,who will be cognizant with the prospects for Fitbug's success and shareholders must wait for them to show their hand. In the meantime FITB seems to be run by a titular BOD who continue to look very disposable. It remains very questionable why there have not been a series of holdings RNSs,for undoubtedly there have been several recent notifiable amendments,percentag |
Posted at 27/1/2017 09:20 by cpap man empirestate27 Jan '17 - 09:08 - 563558 of 563562 1 0FITB Fitbug 0.18/0.185p, picked up a few here this morning, ALL BUYS so far and at sub placing price. Keep em peeled iLeeman27 Jan '17 - 09:12 - 563559 of 563562 1 0 @empire bought some just now. No doubt this will bounce soon. empirestate27 Jan '17 - 09:12 - 563560 of 563562 1 0 FITB, premium offer trade gone through at 0.1859 FITB Reckon that the placing is close to clearing at FITB and then it will be a case of whoosh! Remember that FITB were trading just the other day at 1p+ |
Posted at 25/1/2017 13:12 by ravin146 As i said earlier, all teh signs of a placing were there...Whenever their broker hybridan ramps up their stock...there is a placing. Welcome to AIM. Hybridan Retweeted Lynsey Barber @lynseybarber Jan 18 Remember UK wearable tech company Fitbug? Shares are up more than 130% hxxp://www.cityam.co 2 replies . 2 retweets 8 likes Hybridan @HybridanLLP Jan 18 .@FitbugActive: New customer win covering 14k employees - … #AIM $FITB.L #digital #wellness #wellnesswednesday #Fitbug 0 replies . 1 retweet 1 like The certainly would have known they intended to do a placing when the share ramped up, voluntarily suspended its own shares and then rushed to released a tarding update to please the regulators imo. Nevertheless...teh news was positive and great start to teh year ahead pipeline corps they mentioned. imo, dyor,gla |
Posted at 22/1/2017 09:35 by phil1969 As has been pointed out recently, on 29th June 2016 it was announced that NW1 and Kifin would convert a total of £8.4m of loans into FITB stock worth just £840,000.At the same time, the interim CFO took the roll CFO on properly. Just in time to get issued 11m options. In the RNS, FITB are also keen to point out his experience in Mergers and acquisitions. "Tyler has worked with the Company as interim CFO since early December 2015. Prior to that Tyler has spent more than 10 years providing mergers and acquisitions advisory, debt placement, management consulting and interim CEO and CFO services to a wide variety of tech, media and electronics businesses." He has moved back to California and a new CFO put in place who also has experience of M&A after selling 48% of one of his last firms to private equity investors. Tyler has kept the door open to FITB and it's reported in the RNS "is available on an ad hoc basis". This is unusual if a new experienced CFO is in place so I can only assume Tyler was working on something which is still ongoing. Since June 29th 2016, there's more to FITB business model than the wellbeing industry. A merger or RTO is the most logical explanation NW1 and Kifin would convert the outstanding debt at the equivalent share price of 2.5p Plenty of upside and a buying opportunity at 0.3p if this is the case. I don't see FITB as a stock I would buy into off the back of its current operations. I view FITB like I do many shells but they also have a business which is currently a drain on cash. My 9m investment is risk/reward play on a merger or RTO with HPI, NW1, Kifin connections. I can't see wenesdays RNS and the subsequent ramping (and deramping) as the sole reason for the share price running away. It was an excellent opportunity for those 'in the know' to buy in quantity without being accused of insider trading. They were buying off the back of the 'news' ;-) which would also explain the £107k buy. There is no way that was a sell looking at the timings and price spike. Large investors who are showing huge losses didn't make their stock available to MM's on the spike. Looking at fridays updated holdings page on the FITB website. No one offloaded into the spike. A very cleverly timed no news RNS. You have to ask yourself if the order was delivered late December, why leave it nearly a month to announce. IMHO |
Posted at 20/1/2017 14:34 by dusseldorf Mister MD - I've expanded my sensible stock collection with some boring stocks for divis like Legal and gen, M&S and Galliford, but still retain quite a few speculative punts. I think PTY (Parity) is quite sensible and may be suitable for you. large turnover vs. mcap and returning to profitability. I'm hoping for divi long term.cpap man - My history on FITB is well documented on this thread, was negative from during the spike to 19p, and negative every penny down all the way down to buying 2m at 0.17p. A view pretty much vindicated by the decline 99%. I changed to buyer a couple of weeks ago after I reviewed my watch list in the new year and realised FITB met most conditions for purchase which were making me avoid: - Back out of selling units (albeit only retail) - Convert the debt (ok, they converted 'nearly' all the debt) - Focus on software, not peripherals - I wanted to know what NW1 are up to, why invest £10m in a company that seems to struggle with high overheads and a start-up concept thats actually been running a few years already (FITB used to sell trackers to companies as well as retail for years) I have no love for FITB the company, and RNS whilst positive was just white noise for me. The only reason I'm investing more now as I think NW1 investments have ulterior motives here. I think there are two outcomes: 1. NW1 really have no clue and just threw £10m at FITB because they are chasing loses 2. NW1 do have a plan, and it's two shareholders, who are the off spring of two guys who floated and sold their fitness businesses (Holmes place and LA Fitness) are looking to reverse Holmes Place International into the fitbug shell. NW1 director Jonathan Fisher is CEO of Holmes place international. NW1 own 50% of fitb, and that is all the company owns. If 2. proves to be correct, NW1's conversion of £8.7m at 2.5p may well be an achievable price target. It's a long shot, but don't let my purchases fool you into thinking I can make my money on Fitbug the trading company, it's an RTO I'm here for - I think the trading co. is a zombie company that's allowing a bigger corporate transaction. Wouldn't suprise me to see fitbug sold, or consumed by another corporate action. |
Posted at 18/1/2017 15:35 by dusseldorf Worth a repost for those stuck in:Dusseldorf - 11 Jan 2017 - 14:50:07 - 68 of 176 "INVESTING IN DIGITAL WELLNESS" $$$$$ FITBUG ЈЈЈ mudbath - I'll migrate across to this thread. I've turned buyer after 2.5 years of being negative. My posts below: Dusseldorf 11 Jan '17 - 10:02 - 8504 of 8506 975k purchase from me today (interestingly I bought at bid price 0.17p, when spread is 0.17-0.2). Now holding just under 2m at 0.17 average. That will do until FY results out IMO showing exceptional shift in balance sheet fortunes. I would read this again very carefully from RNS (29/06/2016 06:01). It's all very incestuous if you ask me, but perhaps the 4x London clubs are not the only speculative (mine) target of the concert party to actually make money here - Holmes Place International(80x clubs). They have grand plans to launch 20 new boutique clubs by end 2017 where is money coming from (IPO?)? NW1 (50% FITB owner) is an investment vehicle for the children of Fisher and Turner - I'm still not convinced they have written off £10m+ in FITB: Concert Party The Concert Party comprises NW1, Kifin, Prime Interaction, Allan Fisher, David Turner and members of their immediate families. Allan Fisher and David Turner are both founders and were (until 28 June 2016) directors of the Company. They have other business dealings and experience in health clubs with Mr Fisher being one of the founders of Holmes Place International ("HPI") and Mr Turner being a co-founder of LA Fitness. Mr Fisher continues to be a director shareholder in HPI and Mr Turner is also a director of HPI, representing the interest of the independent shareholders. NW1 is an investment vehicle with the adult children of Mr Turner and Mr Fisher being the two shareholders of that vehicle. In addition to its equity investment in the Company, in recent years NW1 has provided investment into the Company by way of loan notes to the sum of GBP8,239,000. Kifin is a Kirsh Group subsidiary. In 2007, HPI had the opportunity to acquire other elements of the old Holmes Place Europe business and Kirsh Group provided the funding for that acquisition and became a 30 per cent. shareholder in HPI. The Kirsh Group subsequently made a further investment into HPI taking its stake to 49.9 per cent. Over recent years, Kifin has provided investment into the Company by way of loan notes to the sum of GBP1,000,000. Prime Interaction is an investment holding company whose directors are Barry Stiefel (who is also the manager of the Kirsh family office) and Robin Fisher. Mr Fisher has, in addition, a distant family connection with Mr Kirsh. The aggregate interests of all the members of the Concert Party currently comprises 82,474,999 Ordinary Shares representing approximately 29.30 per cent. of the Existing Ordinary Shares. In addition, members of the Concert Party hold convertible loan notes which can be converted into 53,333,334 Ordinary Shares in the Company. Following completion of the Proposals, the aggregate interests of all the members of the Concert Party will be between 778,874,999 New Ordinary Shares and 1,662,901,324 New Ordinary Shares (respectively between 38.5 per cent. and 89.3 per cent. of the Enlarged Share Capital), depending on the quantum of funding to be provided by NW1 under the Underwriting Agreement. Dusseldorf 11 Jan '17 - 12:02 - 8506 of 8506 In follow-up to above, in Feb 2016 pg 36: Holmes Place CEO Jonathan Fisher (son of Allan Fisher) and 50% holder in NW1 investments said it was shortly time to bring Holmes Place and (new) Evo concept to the UK nearly 1 year ago. In short, I think Fitbug is a zombie co. but Fisher and Turner (Fisher in conjunction with his son at NW1) plan to re-enter the UK with Holmes Place/Evo and my money is on FITB being the entity (listing vehicle) to achieve it hence all the ridiculous funding being thrown at it by NW1. That would be a deal worth several hundred million. |
Posted at 18/12/2016 10:50 by knigel mudbath - there is one thing that gives me hope here.FITBUG market valuation is less than £ 3 million CTAG market valuation is £ 40 million (but changes every day lol) So either CTAG is over valued or FITB is undervalued. Also FITB has revenue and a decent gross profit ratio although still making losses. My point is that the LSE CTAG thread has 1,000 posts per day while the FITB thread 2 or 3. I can't understand the lack of interest in FITB and the unbelievable pumping of CTAG - I have a feeling that some time next year CTAG will drop back to reality while FITB will make a recovery - so will add here this week and wait. GL |
Posted at 18/12/2016 10:13 by mudbath KNIGELK said the other day that,"We all make mistakes and/or errors of judgement - especially with investment."Individually,that is very true and most,including myself,are now showing a loss on FITB. Yet the constituents of the "concert party",supporting Fitbug ,go way beyond any one individual getting it wrong.Indeed recent history shows of a wide group of very talented individuals having and continuing to provide significant funds thus enabling Fitbug to continue trading.These funds will undoubtedly be lost unless FITB in its present form achieves traction and profitability,or more likely,imo,something is put into the public domain that causes the share price to move upwards very significantly. Looking at the Concert Party we see heavyweights such as NW1, Kifin(being a Kirsh group subsidiary, Prime Interaction(Prime Interaction is an investment holding company whose directors are Barry Stiefel (who was also the manager of the Kirsh family office) and Robin Fisher. Mr Fisher has, in addition, a distant family connection with Mr Kirsh)together with the Holmes Place owners Allan Fisher, David Turner and members of their immediate families. There are countless ways by which ANY member of the Concert Party could stimulate investor interest in Fitbug and I would be both surprised and disappointed if we do not receive news on this front at some stage. |
Posted at 05/7/2016 09:00 by mudbath It will be interesting to see how many shares will be bought in FITB via this crowdfunding venture."AIM-listed Fitbug looks to crowdfunding to raise capital for corporate wellness market push SyndicateRoom offers retail investors chance to take part in Fitbug's £2.6m fundraise Announcement follows SyndicateRoom's recent participation in FTSE 250 fundraise Funds will support wearable tech company's renewed focus on delivering digital wellness products and services to the B2B market Cambridge, UK - 5 July 2016 - SyndicateRoom, the equity crowdfunding platform, is offering its members the chance to take part in a share offer for AIM-quoted technology developer and digital wellness pioneer, Fitbug. SyndicateRoom will be the sole retail distribution agent for the fundraise and will offer EIS (Enterprise Investment Scheme) shares, on the same terms as institutional investors. Fitbug plans to raise £2.6 million during this raise. £852,000 has already been raised through institutional investors, with up to £1.76 million to be raised via SyndicateRoom and other investors at the same issue price. The funding round is expected to close by 25 July 2016. In August 2015, Anna Gudmundson was appointed Chief Executive of Fitbug. She is currently executing a turnaround drive for the business, moving the company's focus away from delivering wearable devices to an over-saturated B2C market, and instead, capitalising on the growing global corporate audience for digital wellness. The US corporate wellness market is forecast to grow 8.4% annually over the next 5 years to $12.1 billion, which demonstrates the potential in other markets. Digital wellness initiatives have proven to lead to reduced corporate costs associated with absenteeism, and to increased employee productivity. Fitbug has experienced an encouraging start to trading in 2016 with Q1 B2B sales in excess of £400,000, a significant increase over like for like sales in Q1 of 2015, providing validation for the new strategy. Furthermore, Fitbug anticipates a strong pipeline for the corporate market, forecasting in excess of £1.1m over expected contract lifetimes. Fitbug has identified a low cost entry point to market and at the end of April 2016, the company had approximately 100,000 users of its digital products. SyndicateRoom will provide Fitbug with previously untapped retail demand, in support of the company's capital needs. As the only crowdfunding platform to have intermediary status with the London Stock Exchange, SyndicateRoom is the only alternative investment platform offering retail investors access to both the public and private equity markets. Most recently, SyndicateRoom members participated in 3i Infrastructure PLC's £385m share placing, proving the platform is well placed to promote a diverse range of equity funding rounds, from early stage through to public companies. Anna Gudmundson, Chief Executive of Fitbug Holdings Plc, said, "Having assessed a range of finance options to support our short-term and long-term working capital needs, we were particularly excited by the prospect of offering new shares to investors via SyndicateRoom. With its recent membership of the London Stock Exchange, SyndicateRoom is the only platform that could effectively distribute our shares direct to crowdfund investors, enabling us to expand the number of owner-advocates for our business as we focus on becoming a leader within this space by delivering an innovative app-based technology to enhance employee wellness." SyndicateRoom CEO and co-Founder Goncalo de Vasconcelos said, "We're thrilled to provide our members the opportunity to take equity in another innovative and high growth business. In times of uncertainty and market volatility, companies will be looking outside of the traditional lending sector. Today's announcement highlights the importance of retail investors as an ever growing number of publicly listed companies are using SyndicateRoom to tap into retail investors demand. SyndicateRoom still remains the only crowdfunding platform that provides retail investors with direct access to company equity at the same economic terms as institutional investors." Tom Hinton, head of capital markets, SyndicateRoom commented, "Fitbug's decision to raise via SyndicateRoom demonstrates our unique ability to offer interesting capital market opportunities that can't be found elsewhere by retail investors. It's fantastic to see the platform helping companies access a broad pool of demand and market capital raises in such an innovative way." SyndicateRoom provides its members with access to the entire funding journey of growth businesses, from early-stage crowdfunding rounds through to high-growth IPOs and discounted placings." |
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