Fitbug Share Discussion Threads

[brx7] 19/1/2017 11:58

So its to help MMs tally up all the trades, short of stock?..

[tivoliworldgaming] 19/1/2017 11:47

Lighthouse is right. Far too many hopers like on the minutes before the Churchill decision came in.

[twodegrees] 19/1/2017 11:41

LATE TRADES SHOWING NOW FROM YESTERDAY...The price buy to sell ration shows huge swings just before suspension. any ideas!!!!

[bibdaddy] 19/1/2017 11:18

Get a life LMA you just roam around the boards deramping everything...NTOG, FITB and EDL..still I suppose it pays the rent for the room you have at your mums house!!

[lightmyarse] 19/1/2017 11:07

The news will disappoint many hereJust shows dnt follow twitter rampers as they have already exited and are working on the next ramp whilst these simple minded newbies are trapped whilst buying a share when it was 500% up

[ch4p_85] 19/1/2017 10:49

The more I think about it it could very well be Fitbit making an offer. Buy it now whilst cheap. I'd settle for 5p a share

[bibdaddy] 19/1/2017 10:48

May be a 2pm RNS when US markets open

[mister md] 19/1/2017 10:37

www.thememo.com/2017/01/19/sally-gunnell-fitbug-app-fitness-app-sally-gunnell-business-corporate-wellbeing/

"I’ve also got Fitbug’s Kiqplan app, keeping me motivated and making sure I’m balancing things like sleep with my exercise and nutrition."

[gimmetheloot] 19/1/2017 10:09

During the remainder of the second half of the current financial year, the Directors will continue to build upon the B2B success to date, concentrating the Group's resources on providing digital wellness solutions to the corporate sector through its key partners. As previously stated, the Company has identified a low cost entry point to market via relationships with strategic partners.

The Group continues to focus on its pipeline of potential B2B opportunities working closely with Willis Towers Watson in South East Asia and its other key strategic partners to explore further roll out opportunities. As previously announced, Punter Southall Health & Protection Consulting Limited extended Fitbug's Digital Wellness Solution to four of its clients between November 2015 and February 2016. In addition, the Group is simultaneously reducing its costs significantly in order to reach its goal of reducing its expenses by over 30 per cent. in the current financial year.

Fitbug is working in a fast expanding market space, offering wellness services to a growing number of global corporate clients. Its goal is to help substantial organisations create a culture of wellness that increases employee productivity and reduces healthcare costs by helping to promote and engage employees in living a more positive lifestyle. Fitbug has created a simple, powerful and high value Digital Wellness solution that engages users by making this process personal and fun.

[verulamium] 19/1/2017 09:42

The Fitbit suggestion is certainly a possibility, given that the suspension was after US opening as well.

The terms of the settlement with Fitbit were confidential. It's entirely possible that Fitbit agreed to something in the (fairly reasonable at the time) assumption that Fitbug would go under, which (after yesterday's deal or price action) is now cheaper to buy themselves out of by buying the company.

Who knows. No rush to find out...unless you're foolishly trading on borrowed money of course.

[itr7] 19/1/2017 09:28

sd_anon, Fitbit has history with Fitbug - they had a big legal dispute over the name which went on for some time - settled some time last year I believe. Therefore I'd be surprised if they were on commercially friendly enough terms for a takeover. However, the potential for vertical integration is clear - for example a similar company in the wearable space would be apple, but also jawbone - there are plenty of these companies that could pick up a Fitbug and use their software to enhance their own product. Current market cap is about £9mln - let's say double that for a bid, which makes it small enough to be worth buying instead of taking a year or two to develop your own solution.

[sd_anon] 19/1/2017 08:56

So I did a bit of Google-ing on Fitbit... seem to be struggling a bit and apparently trying to enter the corporate wellness sector. Fitbit is a $1Bn+ company and could buy out FitBug with some loose pocket change. All speculation obviously but my bet is a Fitbit takeover which can't be announced until the US markets are open too. So is it 2pm we're waiting for? Again speculation. DYOR etc etc. GLA.

[mudbath] 19/1/2017 08:54

Dusseldorf posted ,

" NW1 investments pumped £8.7m cash in here and converted it at 2.5p, this is fact.

NW1 also own 50% of the issued share capital after inject more cash at 0.25p.

NW1 is 50:50 owned by the son and daughter of the guys who sold Holmes Place and LA Fitness respectively.

The son is CEO of Holmes Place international, which owns 81 fitness clubs and expanding rapidly.

Kirsch who pumped in £1m, also own 50% of HPI.

CEO of HPI said he was looking to return to UK 'shortly' last year in a magazine interview."

Gusseldorf feels that he could be barking up the wrong tree...But imo he is right on the money.
Fact can be stranger than fiction and however the Fitbug saga eventually pans out its journey on AIM has been pretty fascinating.(for me anyway)

[chesty1] 19/1/2017 08:35

So much speculation, none of us know. It's best to switch off the bb's but keep refreshing your screen for the rns lol.Be lucky to all.

[wisteria2] 19/1/2017 08:32

Might be suspended for a week!!

[ch4p_85] 19/1/2017 08:30

Bad news or not I just want the speculation to end so I can make a decision... I feel like Andy from that prison film.

[boysie72] 19/1/2017 08:30

If 14,000 delivered in December, then it shows you don't have to alert the market straight away. So something else can clearly of happened since then it is about to happen. We could do this all day, negative or positive, you choose. But no one here knows why the suspension happened.

[boysie72] 19/1/2017 08:26

Maybe the company that ordered them haven't rolled them out yet, maybe they're being rebranded for the Asian company, maybe a placing was made or going to be made at a lower level, maybe a TO bid, maybe anything else we could all assume.