Big Sofa Technologies Share Discussion Threads

[laptop15] 18/6/2018 07:31

Takeover or buyout on the cards imo....otherwise why rns it ;-)

[gheebee] 18/6/2018 07:26

Well, if it is interesting it's that it's taken a couple of months for the Nomad to switch on to the implications of the IPSOS dilutive bail out.

[laptop15] 18/6/2018 07:16

Interesting RNS

[chimers] 13/6/2018 11:13

Edited for your delight.

[albanyvillas] 13/6/2018 08:49

Notsold a single sofa. Disgraceful

[toffeeman] 13/6/2018 08:40

The local council charges £30 to remove old sofas - not long now methinks

[kirtonender9] 12/6/2018 23:10

Fallen through previous support which doesn't give much encouragement. A lie RSI can stay low for long periods. I would want to see some positive divergence before relying on a low RSI. Macd and Momentum falling,

[gheebee] 12/6/2018 22:04

Never mind the £5m admin expenses and the £1.5m revenue, you just look at some random lines on a graph and keep pumping.

[laptop15] 12/6/2018 21:27

I took some today and expect this to bounce, RSI under 30 shows oversold backed up by the MFI showing under 20 again oversold. A reversal will happen very soon here! Also Bollinger bands narrowing another sign there is about to be a change in momentum to the upside!! Will the GIANT FRENCH MEDIA company buy more of BST?? My guess is they will and quite possibly will takeover this company.

[pj 1] 12/6/2018 12:44

No support chart wise then if it doesn't bounce from here. Yet another Hot Stock Rocket tip heading away from the stars...…̷0;……..

[gheebee] 12/6/2018 12:36

Too many other companies can do this just as well and cheaper. This company is still trading on its contact books and there is nothing more stale than a three year old contact book. Remember, this was a Unilever sponsored start up over five years ago and they hardly get a mention by BST these days. IPSOS are partners of Unilever and it's pretty clear they bailed out BST earlier this year as a favour to Unilever. BST has been unable to retain its senior staff and although they trumpet their arrival they never mention their departures.

[albanyvillas] 12/6/2018 11:08

the stuffing is coming out, roll on 4p

[colinzeal] 12/6/2018 11:00

Who knows but I think someone will bid for this soon enough at these levels (worth less than £10m now!!). It's clear that the market thinks that the current management are failing to deliver and the lack of contact news since January reinforces that perception. I do see value in the services they offer however, and it's clear that a lot of very reputable companies feel the same. Perhaps with a better team, along with more investment, they can deliver on promises. If you're McDonald's paying £150,000pa for BST services for example, why not bid for the company and bring it all in house? Seems a bargain here.

[laptop15] 12/6/2018 10:58

Anyone a buyer at these levels??? I read 2 different articles in sharephrophets website, one was positive and one was negative

[gheebee] 12/6/2018 08:19

Happy to assist as per 2016:

“The market cap is £10,000,000 with just over 5 and a bit million pounds in cash” (this wasn't true: cash was in fact £2.5m)

“From £400,000 of revenue to £1,500,000 of revenue [referring to revenue in 2016]" (this wasn't true: revenue was in fact £756k).

“I would expect revenue in 2017 to be somewhere in the region of £4,000,000 to £4,500,000 from £2,000,000R30;with a cost base probably of £5,000,000 to £5,250,000, losing £1,000,000 in 2017” (This forecast incorrectly boosted revenue for 2016 to £2,000,000 but 2017 turned out at c£1.3m).

[barvin] 11/6/2018 22:31

Good comments Colin, but is it worth a risky punt? Must be very disappointing for those who have put in firm cash into this pre IPSOS. The directors have let many down and many porkies regarding profit projections. Be interesting to look back and see what they forecast for 2017/2018 a year or two ago

[colinzeal] 11/6/2018 19:45

I think the prospect of them buying the company out looks more and more interesting as time goes on, especially as there has been minimal contract news over the past few months - I can't imagine that they're best pleased having bought a significant stake at 18p to see minimal progress. Next few months crucial imo.

[barvin] 11/6/2018 17:38

Is this going into a downward spiral? Needs to hold above 10p, only on AIM can these tech stocks get away with astronomical losses. The IPSOS involment does add some intrigue though and tgey may be the eventual buyers? Would they be prepared to put in another 2 to 3 million as the market cap goes under 10 mill?

[opodio] 09/6/2018 21:13

hxxps://www.retailgazette.co.uk/blog/2018/06/dfs-founders-fabb-sofas-falls-administration/