 The fairly low volume today (especially if you ignore the 2x200k) suggests to me that there is no leak of bad news?
At this point, with the company seemingly progressing towards paid launch in 3 months or so, I'm not sure what bad news there would be. The only thing I can think is a placing to pay for a major marketing campaign. Although we've been told that they have enough money for the next 6 months or so, perhaps they want to start blitzing and signing up say 250k or 500k free users starting in January, and pay some upfront fees to influencers etc? I've got no idea how much that would all cost. They would need to publish a big feature update in advance of such a campaign IMO.
Alternatively as mentioned it could be Miton looking to get out to fund redemptions. At the last RNS in June they still had 57M shares, they may have placed the lot with a broker and told them to sell in blocks before 31 Dec, and then not declared as the order is still being worked?
It could even just be a large PI or that other fund 'Diverse Opportunities' which RNSed in June that they had reduced? BIRD is quite illiquid so dumping or buying a few million has an outsize impact on the share price
Just some thoughts anyway. No advice intended etc. |
I saw that 2x200k but I don't think it can be real, both at exactly the same price and exactly the same timestamp (to the second). Either they'll be cancelled later or it's some sort of MM-to-MM trade, IMO. I don't think anyone would have got 5.1p for sells that size, smaller sells were at 4.85p.
It would be great if directors would step in and buy some, but as mentioned it's possible they can't, there could be upcoming news. |
Will they stay happy I wonder |
Well, someone was happy to sell 400k at 5.1p.
Everything is glacial with this BOD. |
Shenanigans = seller trying to offload but no one happy to take the hospital pass |
For the second time today i spat out my tea laughing in public at stuff i read on advfn
this :-p
Lyqwyd 9 Dec '24 - 09:45 - 22200 of 22238
"Bird is the worst share on AIM, apart from all the others" Some bloke at The Churchill pub. |
Perhaps they can't |
Would be nice to see some of the much lauded NEDs buying. |
Volume is still very low. The big drop implies that shenanigans are going on behind the scenes?I still hold. |
Cyber
Presumably Allenby would have some insight if it’s an institution |
Pay for both ADVFN and IG L2 Dealer. ADVFN is much more friendly on the eyes, it's the only reason I've got ADVFN L2, it's easy to quickly check. IG actually better for quote sizes etc. |
What software do you use to see MM price? Is it Advfn.level 2? |
Has anyone got a friendly 'human' broker that they can ask about any market rumours/intel eg. are Miton now selling aggressively?The MM who has broken clear from the pack may be the one where Miton (or a.n.other) has placed a big line of stock?If they were selling then you would think they would have had to declare, but big sellers often seem to get away with it by placing a big sell and then only declaring when it's been fully executed... |
CFO Got it wrong buying at 7p then.
Seems like Anne got it right. Not bought any yet.
Despite predictions galore like...
"Dawn only had 71,000 shares after all these years.
I bet Anne has a lot more already." |
I would think they would want at least 50,000 users to be able to add that to the end of year reporting..they must be getting a reasonable idea of where to best target marketing and the questionnaire would have helped with that. |
The fact is that between the 24/09 (10K) and the 27/11 (40K) the number of verified users rose 3x. If they can continue at this rate they should have well in excess of 100K by the end of Q1 2025 and there has been very little publicity about the release date and what software options will actually be available. The one key determinant of the share price is the rate of conversion from verified users to paying users. 10% will see BIRD breaking even and more than that will create free cash flow that can be used to promote e.io more aggressively. |
Well the CFO bought more at 7p recently. We will have to wait until March next year for an indication of paying subscribers.This from AllenbyBlackbird plc* (BIRD.L, 6.0p/£23.2m)Update: Substantial growth in elevate.io users (20.11.24) elevate.io, the online collaborative video editing and content creation platform, now has more than 40,000 users in 120 countries. This compares 800 at the start of September. Recent additional features and functions include text generation, transformations, transitions and team structures and further features are being constantly added. Paid tier is on track for launch in Q1 2025.Allenby Capital comment: Blackbird is seeing strong uptake of its elevate.io cloud-based collaborative video editor for content creators and continues to expand the feature set. Cloud-based collaborative platforms have enjoyed considerable success in other fields (such as accountancy, word processing and design) and video editing represents another suitable application and Blackbird has a differentiated product offering.*Allenby Capital acts as Nomad and Broker to Blackbird plc. |
Irrelevant until the rest join him you mean.
A sell quote for 100k is only available at c.4.8p
You can buy 625k at the lowest available quote.
It's stacked to fall further as other MM's won't like to be left high and dry. |
There's been talk of a seller for a very long time. Fingers crossed for the New Year 🎊 |
Makes sense that an institution has to sell by year end for it’s portfolio results |
Well I can still sell 50k for 5.06p so the MM offering 3.5p is irrelevant?Buy 50k for 5.44p at the moment. Same price for 500k.Clearly there is more selling pressure though. I wonder if an earlier poster is right, and the insti who apparently want out need to sell by 31st Dec and don't care what loss they make? Window dressing, redemptions etc. |
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