Big Sofa Technologies Share Discussion Threads

[superg1] 03/2/2018 14:19

PJ1

A host of HSR tips are starting to stink.

This one, PHE, OBT, Concepta, FLX.

Is the 'tip' just a pump so they can dump.

[superg1] 03/2/2018 14:19

PJ1

A host of HSR tips are starting to stink.

This one, PHE, OBT, Concepta, FLX.

Is the 'tip' just a pump so they can dump.

[gheebee] 01/2/2018 16:38

Seven directors at BSTG and another four at BSTL with the most expensive on £12k a month will soon get through that and never mind the workers.

[barvin] 01/2/2018 16:19

Fair value of 5/6p and that's being generous as there must be another cash call by the end of next month imo.

£400k cash (with £800k owing) as of July 17 and £1.5m raised in August 17. Must be on vapour now, throw in a few late payers and it's squeaky bum time.

NOTE: Payment terms of Unilever are 90 days hxxp://payontime.co.uk/news-and-information/are-you-becoming-your-customers-unnoffical-lender

[gheebee] 01/2/2018 15:43

That rather underlines my point. If TW is now in the habit of talking to someone in the company I hope it isn't AR because if it is....

[gheebee] 01/2/2018 11:32

Within hours of the end of 2016 AR said:

“They’ve come from £400,000 of revenue to £1,500,000 of revenue [referring to revenue in 2016]" It was half that at £756k.

and

“I would expect revenue in 2017 to be somewhere in the region of £4,000,000 to £4,500,000 from £2,000,000 with a cost base probably of £5,000,000 to £5,250,000, losing £1,000,000 in 2017”

So £1m to £1.5m is a bit out then. Lets hope he got the costs figure wrong (but in the right way).

[toyin] 01/2/2018 08:18

Seriously, Ben Turney!!!

[pj 1] 01/2/2018 08:02

bbmsionlypostafter
31 Jan '18 - 22:53 - 1601 of 1601
0 2 0
TW is good at spotting the dogs & frauds, not so good as a tipster.
=================================================================================
What is your evidence for this?

[bbmsionlypostafter] 31/1/2018 22:53

TW is good at spotting the dogs & frauds, not so good as a tipster.

[barvin] 31/1/2018 21:53

Reynolds states mid way in this podcast from a year ago, 2017 cautious revenues of £4m(£1.3m announced today) and 2018 profits of £2m(Winni states £1m profits today, how can this even be when they reckon £4.5m turnover in 2018 and Reynolds said costbase was £5-5.5m?!) LOL Reynolds skips over the cost base of £5m per year mid way in the podcast too!!!!! Things have obviously gone off the rails somewhere and how things can be hyped up

For some reason, TW seems to have wrapped his ego in this one and can't admit he got it wrong, which is a shame as he knows his stuff. Which makes the constant ShareProphets pumping on any updates even more embarrassing. I owned this stock too, and got out at 23p. I fell for the Adam Reynolds Midas beliefs as well.

In December, Amazon AWS launched Amazon Rekognition Video that pretty much does what Big Sofa does at a fraction of the cost. Meaning you can a) Do it yourself for 1/100 of their cost [7p per minute of video] and B) Competition in this market is coming big time

But seriously, I don't even think the product they offer is actually useful. Unilever customers of videos buying bogroll etc, might sound good to the marketing director when pitched but not much substance in it in reality. bigsofatech.com

£4m this year turnover? No chance, mark my words. Fundraising this year, guaranteed dyor. And for goodness sake, change the bloody ridiculous name. What intelligent, market leading salesman or software engineer tells his mates/colleagues/CV they work at Big Sofa? Sounds trivial, but its a big factor is ego. As we can see ;-)

[pj 1] 31/1/2018 20:22

Even if they ''do'' £4m Revs then at £2.5m 6 month administration costs then they are still losing money.

This HSR tip is really starting to stink.....

[gheebee] 31/1/2018 17:03

You really have to wonder why, if they are true, the company itself didn't say those things.
Talk about self serving!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[toffeeman] 31/1/2018 16:41

Talk about a naive analysis!!

[gheebee] 31/1/2018 10:40

As long as the share price is kept up at this level, as long as the directors can issue more shares and as long as there's an AIM then they'll be alright.

On a completely different tack, did anyone else notice that the broker, Hobart, is run by the man who founded the Presidents Club? I bet the BST Christmas Party over in Ohio was a real hoot(ers).

"The most Barry Townsley, a stockbroker and “lifetime president of The Presidents Club,” could muster in the way of a response when asked for comment by the F.T. was that he hasn’t been to the dinner in 10 years, that previously it was “very nice and [civilized],” and that “What goes on now is not my business.” Vanity Fair, appropriately enough

[pj 1] 31/1/2018 10:35

Exactly. The figures make little sense. ''Profitablility '' was expected in 2018. It's hard to see it being anywhere near for 2.5 years.

Strictly speaking it must be insolvent?

[gheebee] 31/1/2018 10:33

"Revenues in the second half of 2017 significantly outweighing the first half"

£2.5m to bring in £.5m in the first half becomes(£2.5m?)to bring in £.8m and some promises of some jam tomorrow in the second.

If £800,000k significantly outweighs £500,000 then what equivalent form of words describes £5m compared with £1.3m?

"Costs in 2017 overwhelmingly dwarfing revenues in 2017"?

[pj 1] 31/1/2018 10:23

What's the betting >70% of Revenues are stuck in Debtors.

[chimers] 31/1/2018 10:20

"Business" ?

[pj 1] 31/1/2018 10:18

It's actually worse than I thought.

Admin expenses were £2.5m at half year. The Business seems to be out of control.

[gheebee] 31/1/2018 09:28

Barvin,

The two key sales leads (Richard Collins and Amanda Boote) both bailed out last year and after only a year with the company. She was particularly disillusioned, something which she tweeted openly. In their place were recruited a couple of people with only "influence" to offer. Nothing more stale than stale influence.

[larva] 31/1/2018 09:27

very well put chimers



How Is A Turkey Like A Sofa?










They both gonna get stuffed

[chimers] 31/1/2018 09:26

Its a scam.
Thats it there is nothing more to discuss.