Adgorithms Share Discussion Threads

[kev0856153] 17/3/2017 07:49

blimey when I saw the title of the rns I was expecting something worth a few million at least. $300K is peanuts when revenues in the 1st half were $8.7M

[loveandmoney1] 17/3/2017 07:34

great news if its the start of winning big contracts gl

[battlebus2] 17/3/2017 07:31

A minimum of $300k, with the dollar rate I'd have guessed it would be much more that £240k Loveandmoney??

[loveandmoney1] 17/3/2017 07:20

that'll be £240k annualised.

[battlebus2] 17/3/2017 07:16

Significant contract win. $300k annualised

[bookbroker] 02/2/2017 20:48

Interesting aside, CMO at Adgo. is a woman called Amy Inlow, she worked in similar role at Experian, left to work likewise at Tracx, stayed a year then departed for Adgo., I just hope that the staff are not all on the gravy train, I mean they must have offered her a decent package to lure her away, but then maybe she was simply not happy at Tracx!

[bookbroker] 02/2/2017 20:35

My issue is look at their website, the news section does itemise statements put to the LSE, whereas it did yesterday, all it consists of all the publicity they receive for being a fast growing company, take a look at it and remark here, I would be interested to hear your opinion! The cash pile is big enough providing they do not fritter it, the management here seem ultra confident in their ability to execute their strategy, that's what bothers me, cash rich for now, but what about this time next year! And take a look at their FB. and Twitter sites, not a lot to say, maybe that's simply because these sort of tech. cos. don't have time to comment, or they all working so hard spending that cash!

[battlebus2] 02/2/2017 18:45

We will have to wait on the results to find that out. Although some similarities ADGO is different to CROS and heading in a different direction, I prefer CROS and only have a small holding here averaging around 18.7p. CROS have come to the end of their strategic review but it's early days here and will take some time possibly two years. For me the cash pile is sufficient to see us through but it all hinges on the traction will Albert which is the big question. CROS is my share for 2017 but as ever DYOR etc.

[hybrasil] 02/2/2017 18:27

Rather surprised to see you here battlebus but you are ubiquitous. I read your summation on the cros thread. I was seriously stung in global brands (Swiss dominos)and am very sceptical about some
Participants in aim
Yet I think this space is very interesting even if I only pretend to understand what it is that Albert does
I think a better explanation as to what is happening to the cash might help?

[bookbroker] 01/2/2017 19:06

I would be interested to see a broker note as regards today's statement, and Liberum's views on the prospects following the announcement, it is very difficult to ascertain where the capital absorbed has been spent, presumably R&D., the payroll does not seem much larger following today's comment, however they seem to be top heavy in management. Looking at the website, and noticeably in the section about clients, where there were six companies highlighted as interested parties in their product, there are now four, that can mean many things off course, as they do say they are leasing with numerous potential leads. However was it really of such consequence to comment upon a $75,000 contract with an unnamed Phillipine co. in the statement today. I appreciate that every little helps, but it will need considerably more than this to generate a meaningful return. Today's report, for one reason or another, was bitterly disappointing, it is hard enough these days to find cos. amongst all the hoopla, and with genuine prospects these days on any bourse, let alone the UK ones! I can see why there are so few listings these days, there is just a high level of scepticism felt in this age!

[bookbroker] 01/2/2017 14:55

What really irks me most is that I believe Albert to be great product, one buys into the co. albeit around the twenty pence mark, so I can not say I was clobbered by its original fall, but at a price where they have still got plenty of capital to develop the product discreetly and effectively, if that is at all possible in this ever evolving environment, and try and grow organically without breaking the bank. It strikes me that their original business model is screwed, not by their own faults or inertia, but the market for ads has changed, for the better probably, so stop wasting capital pursuing that agenda!

[battlebus2] 01/2/2017 14:32

Added a tad more to the folio fwiw.

[battlebus2] 01/2/2017 14:05

The burn rate won't be as much surely?

[kev0856153] 01/2/2017 14:01

They are idiots. The problem is their funds have gone from $28m to $22m in just 6 months. At that rate they have nothing left in 1 year and 10 months. There is no-one at home here. The directors must go now.

[bookbroker] 01/2/2017 13:08

Simply despicable!

[bookbroker] 01/2/2017 13:07

Although the market for stock is thin, it's like the market is telling the management that they can NOT simply use this as an exercise in corporate profligeracy, it has lost 90%+ since listing, an absolute disgrace, it is no wonder the IPO market has simply dried up!

[battlebus2] 01/2/2017 13:06

That's the question BB, can we see some traction with Albert.

[bookbroker] 01/2/2017 13:04

Understand that, but this co. is now valued at half cash, what I wonder is whether this Albert is chasing his own shadow!

[bookbroker] 01/2/2017 12:42

What you do not want is a crisis of confidence, otherwise hand the cash back to shareholders rather than blowing it, the fall hopefully be a wake-up call, that if they are not operating a scam!

[bookbroker] 01/2/2017 12:39

I think the guys running this co. really think a little more about containing costs, they have a duty of responsibility to do so, they are a listed co. even if they have done very nicely thus far, but cash burn is a real issue!

[bookbroker] 01/2/2017 11:56

As far as their forecasts were concerned, the only ones apart from themselves who supposedly were in the picture should have have been Liberum, they are the house broker who presumably keep in reasonably regular contact with ADGO. This is like any start-up, a target to break even, as far as the previous results are concerned, they are totally irrelevant, the co. has had to completely re-invent itself!