Big Sofa Technologies Share Discussion Threads

[pugg1ey] 03/1/2018 07:51

so what is the minimum revenue this will generate? They say 'material revenue' so why can't a figure be given?

(obviously I know the answer as they have to do a placing with the bucket shops)

[1savvyinvestor] 03/1/2018 07:47

Vague vague vague figures wise. Stampede to buy this morning, sell off later is my guess

[failedqs] 03/1/2018 07:46

Hardly the cascade of huge orders we have been expecting.....
I see a placing coming, there must be an imminent cash crunch due to the timing of any revenue.
For the record, I'm a holder, currently about 50% down. Any placing will be at a discount, so I see the short term outlook as pretty bleak but longer term it should be ok. Its all a matter of timing your investment, and I got it very wrong here.

[2bozmo] 03/1/2018 07:37

Great news. Two huge companies.

[hamidahamida] 03/1/2018 07:23

Big Sofa (AIM: BST), a fast-growing international video analytics provider to consumer brands and market research agencies, is pleased to announce two significant contract wins with Target Corporation ("Target"), a leading US retailer, and Zurich North America ("Zurich"), the US company of the global insurance group.Both customers have retained Big Sofa on a monthly subscription model, with initial terms of six and twelve months respectively (beginning 1 January 2018). The board anticipates that these subscriptions will lead to material revenue contributions during 2018.Importantly, an element of Big Sofa's strategy is to convert key client relationships into long-term, recurring revenue generating customers. As such, the board believes these subscription-based contract wins are further evidence of the validation of this strategy.Target will leverage Big Sofa's technology and expertise on a continuous basis to analyse existing and new video content to generate detailed insight into in-store consumer behaviour and preference. Zurich will build on its Big Sofa subscription to data-mine and analyse both existing and new customer video content to facilitate Zurich's drive to put customers at the heart of its business strategy.Simon Lidington, Chief Executive Officer of Big Sofa, commented:"Big Sofa's status as the disruptive video analytics technology of choice for clients of Zurich's and Target's scale continues to validate our belief that video will transform the consumer insight market as the preferred medium for capturing real consumer behaviour. An increasing number of the largest companies in the world are choosing Big Sofa's technology for its unrivalled ability to deliver fast, high quality and cost-effective insight and consumer knowledge and these contract wins demonstrate our ability to convert relationships with these large, global organisations into high quality recurring revenue streams."Big Sofa expects to publish a trading update for the year ended 31 December 2017 later in January 2018.

[hamidahamida] 03/1/2018 07:19

Giants signed up

[gheebee] 03/1/2018 07:13

Placing is on the way...

[barvin] 28/12/2017 23:43

Certainly a slow RNS stock, unless we get a Xmas trading statement in Jan regarding sofa sales.

[opodio] 27/12/2017 18:02

I’m bored of this now

Waited ages and they haven’t sold a small sofa even

And people have been poached by dfs

And the money is running out soon it is bust

[larva] 27/12/2017 07:20

DFS Furniture plc (“DFS” or the “Group”)

Acquisition of Assets by Sofa Workshop and DFS

DFS Furniture plc is pleased to announce that the Group has acquired certain store leases, assets and intellectual property of Multiyork Furniture Limited (in administration) (“Multiyork221;) (the “Transaction”), primarily for Sofa Workshop.

Under the Transaction the Group has acquired eight store leases, with six stores intended to be converted to trade as Sofa Workshop, and two intended to be converted to DFS. The members of the Multiyork retail teams at the eight transferred stores have been offered roles within the Group as part of the acquisition.

Alongside the acquisition of store leases, DFS has also acquired all intellectual property rights of Multiyork, including the Multiyork trademark, product designs, domain names and marketing databases.

Total consideration payable for the Transaction is £1.2 million.

Multiyork will continue to be traded by the administrators until 18 February, under a licence from DFS, at which point trading under the Multiyork brand will cease.

Gill Stewart, CEO, Sofa Workshop commented:
“We are delighted to take this opportunity to expand our store network, offering customers a local presence where they can experience Sofa Workshop’s exclusive range of modern, luxury, hand-made furniture. We very much look forward to welcoming the sales colleagues from Multiyork as part of our network of experienced store teams.”

Ian Filby, CEO, DFS Furniture commented:
“We are pleased by this positive outcome, which offers a clear opportunity to accelerate our growth plans for Sofa Workshop, as it continues to go from strength to strength.”


With DFS getting stronger and selling loads of sofas, this one looks finished as it hasn't sold a single sofa in 2 years

[barvin] 24/12/2017 12:05

Will the Square Mile's favourite sofa company make it into the ShareProphets 2018 tip list? One last desperate pump?

[vatpaul] 19/12/2017 22:57

wouldn't want to hold this when it warns

[kenbachelor] 14/12/2017 17:06

Vatpaul - Look at the top of the page.

[toffeeman] 14/12/2017 16:41

Fantastic if this keeps rising by the same percentage each day it will reach 56p in three weeks!!! It's a no brainer I must sell all my Bitcoins and buy BST :)

[vatpaul] 14/12/2017 15:55

where is the tops list ken

[kenbachelor] 14/12/2017 15:32

It's good to see BST in 28th position of the tops list, so does that mean that Pet Lover's bought some more?

[opodio] 14/12/2017 05:59

Still no sofas sold

[hydrus] 13/12/2017 21:10

Petlover disappeared off ADVFN. Either broke or using another alias.

[discodave4] 13/12/2017 20:56

wtf......blue......somebody bought a sofa?

[vatpaul] 13/12/2017 10:26

Yes.

Where is the love?





ps. i think this is going BUST

[barvin] 12/12/2017 17:32

First Carpetright, now Big Sofa. This has really had the stuffing taken out.Hope Winny cleared his large stake from his trust fund, bad call from him and Reynolds. 60p target and all that.Anyway could still come out with some good numbers but not looking good, at all. "Up to 50% off float price, these prices can't stay this high forever"

[opodio] 12/12/2017 16:01

Sofa sales stall in cold weather as people stay indoors ?