Fitbug Share Discussion Threads

[mudbath] 09/1/2017 17:32

Don't move your markers or unfasten your seatbelts, ye of little faith, for this baby,whatever detractors might think, will perform.

[crackdown2020] 09/1/2017 17:07

Moved up after selling,interesting facts

[crackdown2020] 09/1/2017 16:50

Finnaly is moving in to right direction

[dusseldorf] 09/1/2017 12:45

Believe it or not, I've just bought a few FITB - at 'high risk'. For over 2 years now (ever since it spiked to 20p) I've been saying the same things:

- Avoid as overpriced
- Convert all the debt
- Stop selling wearables/close it down
- Focus on software only
- What are NW1 playing at?

FITB has not dropped off my radar namely because I've been intrigued as to how NW1 stand ever to make any money on this. It also appears to have achieved 'most' of the things that were making me avoid.

I note a Director of NW1 investments is also a Director of 'The health club collection' (4 health clubs in some prestigious London locations).

My new theory is that FITB/Kiqplan will eventually be sold and the clubs reversed into the remaining shell.

I am still no fan of the fitb model, but Ravins link for the CTO showed that the company has off-shored the tech development and a CTO recruit suggests the company is not in imminent danger of demise.

[ravin146] 08/1/2017 22:47

Another new recruit on it way it seems...https://www.linkedin.com/jobs/view/244106472?trk=biz-mob-pub-see-jobAnna is certainly cost cutting and removing all the old team from the failure Paul landau days.

[knigel] 08/1/2017 20:36

Good link on LSE from independent source "But, unlike other companies, Fitbug is focusing on a mobile app (“kiqplan̶1;) that combines data from all kind of fitness trackers, such as Nike fuelband, Jawbone, Samsung Health and what not. More importantly, their business model is shifting towards a B2B where large companies buy subscriptions for their employees. The employees use the app, get fit, healthy; and everyone’s happy."
I still think we are too cheap OR Ctag too expensive re market value.. news please Anna!

[rameshh] 08/1/2017 15:51

Afternoon all, As I noted a few weeks back the fitbug app on AppStore is to be discontinued soon.Fitbug app users will now transfer to Kiqplan...another positive and logical change whilst also cutting cost base. Great positive decision.https://support.kiqplan.com/index.php?/Knowledgebase/List/Index/74/moving-from-fitbug-to-kiqplanAnna will certainly need contract now to be won until the upcoming trading update!Imo, dyor. #buybuttonrready

[ravin146] 07/1/2017 14:41

Anna G ?@annagudNHS will experience a £30 billion funding shortage by 2020?! At The Economist #MHealth https://www.linkedin.com/pulse/economis...Anna needs to be careful what she posts, she may have her very own funding crisis...if contract are not won in the coming months...products ready...they need to sell now!

[ravin146] 07/1/2017 12:08

Dussel you are still here posting shyt lmao...have you actually long or short this might?You missed the boat years ago, prob miss any spike due here soon too lolllDyor, before reading a wolly like Dussel who made no money over the years!Filtered again!

[dusseldorf] 06/1/2017 16:38

It's no shell, but with an operating/delivery overhead of £3-4m/year (what is that on?!) and H1 sales of £750k, without significant improvements or dramatic shift in business type, it will need further funding to continue trading beyond a year (as last year).

Burn rate will improve as interest overhead will drop a fair amount, but it's burning cash so quickly, how long before they call it a day?

[dt1010] 06/1/2017 16:31

Or another way to read it...this is a bankrupt shell.

[knigel] 04/1/2017 22:24

Similar thoughts with CTAG Duseldorf? Look at the amount that company has gone though over the last few months!

[dusseldorf] 04/1/2017 21:45

...or another way to read it

1. We've got rid of nearly all our staff as things didnt go according to plan
2. What we did with wearables and retail didnt work, so we're going back to what we were ok at 3 years ago (corporate wellness is not new at Fitbug) but we're hoping the software can help us make money.
3. We raised even more money at a massive discount which means we can just about survive another 12 months

I firmly believe this is a zombie co. but i'd love to see NW1 pull a rabbit out of the hat. It feels more Daniels than Dynamo though.

[rameshh] 04/1/2017 17:49

Evening all, happy new year...Though Fitbug is not at the CES, it will be positive to see how employee wellness is promoted. Wait and see.Looking at the interim results in sept 16, the board stated:Donald Stewart, Fitbug Chairman, commented on the results, "Fitbug has continued to focus on implementing its turnaround strategy. This involves concentrating our resources on providing digital wellness solutions to the corporate sector through our key partners. This strategy has seen encouraging progress in the first half and has allowed the Group to grow end-user engagement while simultaneously reducing our cost base significantly. With our additional working capital and reduced levels of debt following our successful fundraise in July, the Board is confident as to the Company's future prospects."Anna Gudmundson, Fitbug CEO, added, "Having only brought the new Corporate Wellness offering to market at the end of 2015, it is great to see the Company starting to benefit from the new strategy in such a short period of time. It is still early days for our digital wellness platform but we pleased to see our clients using the service and, in the case of some large organisations, starting rollouts across thousands of employees. We have successfully restructured the Group and now have a substantially smaller, more focussed and experienced team which is accelerating our ability to deliver, as well as improving quality across all areas of the business."From the above two key points....substantial cost and debt cutting to improve the bottom line, and finally the chairman stating that the fundraise was for working capital...could that mean no new products...and all focus on employees selling wellness programs.The next couple of months are key...how much of that money remains, what had it been spent on beside salaries...marketing/Sally Gunnel partnership...or new stick for a new contract?Imo

[digger2779] 03/1/2017 11:58

Until they come out with some proper news such as contract wins this will carry on down.

[mudbath] 03/1/2017 11:39

Were Status Quo referring to Fitbug investors ?

"I want all the world to see
To see you're laughing, and you're laughing at me
I can take it all from you
Again again again again
Again again again and deeper and down
Down down deeper and down."

I have the appropriate lyrics on hand in the event of the share price surging upwards.

[crackdown2020] 03/1/2017 11:35

No reason for this drop, after one sell reported @11:15. Well done, that's want market wants? Easy shares from scared holders, for thers books. Coz they running low

[digger2779] 03/1/2017 11:28

Well the market thinks otherwise

[crackdown2020] 03/1/2017 11:04

This should be Up not down after buying pressure ! ! !

[crackdown2020] 03/1/2017 10:55

Drop after buys showing as sell, well done well done. Again again, let make a phone call

[knigel] 02/1/2017 10:34

How apt - Crisis management is definitely needed here to repair the damage to the share price!!

[mudbath] 02/1/2017 10:21

Fitbug's latest appointment to the BOD,namely Heidi Steiger,looks to have the necessary skill set, for her claimed speciality is "Crisis Management"!
Maybe she has recently added this to dovetail in with her new role.

[rameshh] 28/12/2016 18:06

Evening all, hope Christmas festivities are going well.https://vimeo.com/185498419http://www.bbc.co.uk/news/health-38402655?ocid=socialflow_twitter&ns_mchannel=social&ns_campaign=bbcnews&ns_source=twitterTwo articles which could be the hot topic of 2017 and fitbug's new wellness startup. Any big contract could see this gain traction in share price #buybottonready until next update!Dyor, gla, 2017 could be big imo