Big Sofa Technologies Share Discussion Threads

[deanroberthunt] 21/12/2016 07:07

and the broker that nobody knows is run by an ex mate of "cash for questions" infamy, among other things, of Tony the Liar of all Liars Blair....what could possibly go wrong...buy, buy, buy

[deanroberthunt] 21/12/2016 07:05

jeez, listened to podcast sounds like another spiv chancer with no substance, married, or was, to an ex page 3 model......buy, buy, buy.....ffs!

[albanyvillas] 20/12/2016 21:06

Needs a lot of contracts wins just to break even, seems to cost alot to run this. It just doesn't seem to make enough to come close to breakeven. I calculate that the next fund raise will occur In 24 months and this will be sub 5p.

[albanyvillas] 20/12/2016 21:06

Needs a lot of contracts wins just to break even, seems to cost alot to run this. It just doesn't seem to make enough to come close to breakeven. I calculate that the next fund raise will occur In 24 months and this will be sub 5p.

[affemoose] 20/12/2016 21:04

buys showing as sells today. i know - i am a buyer

[gheebee] 20/12/2016 19:59

A Christmas Prayer: Preserve us from those who lose their nerve and sell and may we all receive a phone call when time is called on the pump. By the way, looking at the photo above I ask why is professional Yorkshireman Alan Bennett doing the rounds of the paid interviewers on behalf of this quintessentially Southern tripe?

[w0lf0fwallstreet] 20/12/2016 19:57

Sorry I will not be investing I'm out

[albanyvillas] 20/12/2016 19:53

Probably the puffers dumping

[dlku] 20/12/2016 15:56

2x 100k dumped

[aggieuk] 20/12/2016 12:24

I think so mate unless there's someone else yet to declare by TR1. Check the rns from this morning for the fine details.

[2vdm] 20/12/2016 11:37

Let's keep this thread positive and informative. No handbags!Aggieuk, was the P Levinson the 2.3m approx buy yesterday?

[larva] 20/12/2016 09:03

Guys,

check out REDS 1.15-1.2p and going northwards. People paying over the offer to buy shares.

With a new sales team

being put in place, an extended Product Stack, new

applications and a new ecosystem of partners following the

acquisition of Connect IB in 2016, we estimate adjusted PBT

will grow from £0.9m to £2.5m for the year ending January

2018. The Software Applications division will contribute 30%

to EBIT (2015: 7%), before central costs, with an EBIT margin

of 27% (2015: 8%). With free cashflow also expected to turn

positive next year we re-iterate our buy recommendation

with a price target of 2.2p representing 100% upside.

[barvin] 19/12/2016 22:17

What are you on about? Adam Reynolds is probably the most honest and successful investor on AIM.If you look at Crowdcube over a year ago they had a valuation of £7m.Get your facts straight.

[albanyvillas] 19/12/2016 22:00

dodgy prospectus

someone subscribed for £150,000 shares and presumably turned it 19 days later into £4m


?? is that correct?? looks a scam

[albanyvillas] 19/12/2016 20:10

bandflex19 Dec '16 - 15:57 - 18 of 23 1 0
From the admission doc.

"On 30 November 2016, the Company entered into the Acquisition Agreements, pursuant to which it has
conditionally agreed to acquire approximately 99.9 per cent. of the issued share capital of Big Sofa for a
purchase price of £4.146 million comprising the issue of 17,864,391 New Ordinary Shares at the Issue Price and cash of £1,109,297."

"Diluted Enlarged Issued Share Capital on Admission(2) 70,450,446" at 20p that gives a market cap of £14m

So 19 days ago it was only worth £4.1m, so why is it worth more than £14m today.


"Big Sofa made a loss of £0.964 million for the 15 month period ended 30 April 2016. Since then the
Company continues to be loss making, as it continues to invest in its infrastructure, including increasing its
headcount from 17 to 23 employees, which has been funded by loans from its directors, the £675,000 loan
from NWOG, the £100,000 loan from HubCo and a recent £150,000 equity investment."

And it's loss making, with revenue of £452,913



good post

[smart_investor] 19/12/2016 16:28

Try getting the basic market cap figure correct first then we can have a sensible discussion.

Share price x shares in issue = market cap

You can do it!

[bandflex] 19/12/2016 16:24

You are an idiot ramper trying to look clever and failing. If I am wrong then the admission doc. is wrong isn't it.

[smart_investor] 19/12/2016 16:16

Band flex you are wrong on both posts. Number 1 - you have not taken the cash raised into consideration so go research that and re-do your initial valuation. Also re-do your current market cap sum. You are a few million too much!
Number 2 - NWOG loan is not held in shares so your dump theory is well.... rubbish!

[bandflex] 19/12/2016 16:16

Employee(11) and director(6) wages and benefits came to £958,231 for 2016, no wonder they made a loss. Lucky they are on the AIM market gravy train now.

[bandflex] 19/12/2016 16:07

With regards to NWOG the admission doc. states

"On 9 May 2016, Big Sofa signed heads of terms with AIM-quoted New World Oil and Gas plc
(“NWOG”), with a view to NWOG acquiring Big Sofa by way of a reverse takeover. During the
negotiation and diligence period since that time NWOG made loans totalling £675,000 to Big Sofa.
NWOG announced on 17 October 2016 that an issue had arisen in connection with a transaction
previously carried out by NWOG which may have a material impact on its financial condition. Big
Sofa Limited terminated discussions due to the uncertainty surrounding this legacy issue.
NWOG subsequently agreed with Big Sofa and HubCo that its £675,000 loan to Big Sofa would, on
Admission, be varied so that NWOG had the option to convert the loan into New Ordinary Shares in
the Company. Further details of this are set out in paragraph 12(xii) of Part VI of this document"

So I would imagine NWOG will dump as soon as they can to get the loan money back.