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Investor discussions for Blackbird Plc (BIRD) on ADVFN reveal a mix of concern and optimism regarding the company's financial situation and upcoming product launch. A notable point highlighted is the current cash position of approximately £5.6 million, with projections indicating a potential cash burn that could deplete resources to around £3 million by the end of March. Asserting on the potential need for a fundraising placing, user "the stigologist" expressed apprehension about whether this is sufficient for a successful product launch. This sentiment reflects a cautious stance among investors about the company's immediate financial health.
Despite the concerns, there is optimism regarding BIRD's upcoming product "elevate," particularly with a launch slated around the SXSW event in March. Discussions have pointed to the software being accessible and appealing to a large market, hinting at potential subscriber growth. Investor "cyberbub" noted that "News drives share prices for real investors, not short term traders," suggesting a belief that the forthcoming product developments could catalyze a positive shift in stock performance. The interplay between skepticism and hope is evident, with many investors anticipating significant updates leading to the launch, indicating a largely positive sentiment about the long-term prospects of the company.
Quotes like, “I thought we’d sell our technology to Larry Ellison,” coupled with expectations for a “burst of freebie users signed up,” portray a mixture of excitement and speculation for the future. Investors are considerate of the potential risks but are hopeful for effective strategies that could ultimately yield substantial returns.
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Blackbird PLC (AIM: BIRD) recently provided updates regarding its employee share option schemes and the pricing for its Long Term Incentive Plan (LTIP). As of December 31, 2024, Blackbird reported a total of 6,293,422 ordinary shares available in its employee stock option scheme, indicating ongoing commitment to incentivizing its workforce. Additionally, the company confirmed that no securities were issued under this scheme during the reporting period from July 1, 2024, to December 31, 2024.
Moreover, the company announced pricing details for units being issued under its LTIP, which was extended following shareholder approval at the 2024 Annual General Meeting. This plan aims to reward members of the management team through cash payments linked to enhanced shareholder value, demonstrating Blackbird’s focus on aligning management incentives with the financial performance of the company. These initiatives underline Blackbird's strategic focus on enhancing employee and management engagement to drive overall growth and shareholder returns.
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Yes true I'd forgotten about SXSW (UK govt paid-for trip). Makes sense that they may well want to do a big launch at SXSW. If it's some sort of public demo they will definitely want to have as many impressive features as possible available, but more important to make sure they're working! (As shown by many famous launch glitches!) |
Features will of course continue to be added after launch |
SXSW is March 7th - 15th |
Yep |
I'm more with Horneblower on this, I think it's more likely right at the end of Q1, they will want to have as many features dropped as possible before inviting people to pay hard cash for the product.I would expect to see an announcement about another burst of freebie users signed up though. They will want the total to be into 6 figures to make an impact IMO |
I think they will be aiming to launch sometime between early Feb and early March . |
Maybe an elevate pre launch presentation for investors in a few weeks time would be welcomed |
Looking at the recent progress RNSes, I would hope for a further progress update later this month? Perhaps w/c 20 Jan. |
Yes Cyberhub I meant to say access! |
No need for installation at all of course! |
Gehemenis2 |
Eidos was founded in 1990 by Stephen Streater. |
Maybe Stephen Streater can see if Larry is interested in buying elevate.io. |
Take Adobe they are running at $500 million a Q |
This may be correct, salmon |
NickB |
Sorry if I sounded dismissive earlier Horneblower, it wasn't intended, your option for a takeover after launch milestones are achieved is also perfectly reasonable. None of us know so it's just speculation. But there are certainly examples of loss-making companies being taken over for large prices. I agree it does seem hard to believe though that with the market cap at £20m today, someone might come in with a £1bn+ bid... Not impossible though... |
Shortsqeeze |
Possibly NickB, but if they keep many of the best features (eg collaboration) behind the paywall, how will freebie users know whether it's worth paying for? |
HB |
Salmon |
Possibly NickB, but if they keep many of the best features (eg collaboration) behind the paywall, how will freebie users know whether it's worth paying for? I suppose they could just pay up for a couple of months, and no harm done if it's not quite what they needed. Or as mentioned by others, they could give full access to all features for a month and then the best features (or the full app) are disabled until people pay.Anyway it's all a moot point, as we've said we have to trust that the professionals in management have a viable plan for monetisation... |
I believe that they are following the tried and tested Canva Figma model of Free and paid tiers |
NickB |
NickB I can understand the logic of being taken out but the facts now make a pre-release bid unlikely. A bid after the paid release does make sense for any bidder as they will have some feedback on the rate of take up. |
Type | Ordinary Share |
Share ISIN | GB0004740477 |
Sector | Computer Programming Service |
Bid Price | 4.50 |
Offer Price | 5.00 |
Open | 4.75 |
Shares Traded | 185,200 |
Last Trade | 08:00:00 |
Low - High | 4.75 - 4.75 |
Turnover | 1.94M |
Profit | -2.49M |
EPS - Basic | -0.0064 |
PE Ratio | -7.42 |
Market Cap | 18.39M |
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