£25 per month seems high to me for the first paid tier |
The games in Paris will be about £100k.
They are burning about £300k a month. |
 It's not surprising that H1 cash burn was significant but H2 will be better because of the Games in Paris. More important though is how the paying versions recruit customers The figures Allenby put forward indicate that at the lower average price of £25 per month they would genrate over £5M free cash a month and at the revised higher estimate of £36 that would rise to over £7.5M. There was a hefty amount of marketing cost in those figures but the only figure BIRD have given is the average £1.50 it actually cost to win individual users back in September 2024. Then the thinking seemed to be that once users were hooked on the free software a reasonable proportion would convert to the paying version when it becomes available. They have several examples of how others in the market dealt with winning paying customers for their software so it's likely they will go with the one that best suits BIRDs circumstances.
What is clear is that a placing, if it was thought necessary, would be at a very low price unless there was evidence of a good level of paying customer recruitment. That sort of price would be likely to trigger a bid given that the software would be seen to be working without gltches. But as outlined above the margins are so big it seems unlikely that at almost any expected level of customer recruitment they would be hamstrung by their cashflow - they had after all an initial target that is 40x 25,000. |
GB904150 - I think Diverse Income Trust were buying rather than selling. The ~4% notification was from several years ago when there were about 180m shares in issue. The ~3% was from more recently when there were 387m. So the number of shares held actually increased, rather than decreased - as can be seen in the total number of voting rights column of that RNS. |
...and if they are being sold down. |
Anyone have the list of PM micro fund holdings?
Would like to see where there were bad and good picks,
BWTFDIK
SSB |
Gosh cabi1 our "woodford" moment, note does not start with a Capital L
Why they put our BIRD in that clump of junk is beyond me..
That is why I invest alone.
BIRD IS THE WORD or saviour?
BWTDIK
SSB |
Probably Premier Miton, as they held Blackbird in this fund. |
Cabi1, What I don’t understand is why someone so desperately sold million Bird @4.62 ? We are in Qtr 1 and we are hoping for lots of positive news ? |
If it is from AFN then we all road kill.
BWTFDIK
SSB |
I guess we might hear partnership news soon?
Just a thought |
Crypto was always the way Salmon9
ADVFN bunch had an idea. Great idea
Seems I may have been one of the ones who bothered to learn.
Wait,,, let me guess?
BWTFDIK
SSB |
Thank you SSB for the newly granted coin! Maybe we should call you King SSB as you distribute your equivalent of Maundy money to the less advantaged. |
Salmon9 yes even deserve more for your wisdom - not you I am talking about..
We are all in this together.
BIRD will be the greatest investment I have ever made on AIM.
No advice,
BWTFDIK
SSB |
SSB
I apologise for not thanking you for the coin. I thought you had given it to me because I had done a lengthy, hopefully half decent post. |
"Hair" who are going to thank when you are millionare for having a small amount of BIRD shares?
BWTFDIK
SSB |
SSB I’d thank you profusely for any coins though I have absolutely no idea what use they are, if they’re worth owt, and how I’d even buy a fish lot down the chippy with them.
There’s some ungrateful and ungracious folks around.
I blame Margaret Thatcher.
For everything. |
That 1m on 3 Jan seems to have allowed that on same day 500k @ 5p and a few smaller ones settle.
BWTFDIK |
Try buying 1m though. |
well i suppose that was the 1,000,000 sell on 3rd jan!!!! keeping us down. |
Have a feeling our new NEDs were soaking them up?
What a bunch
BWTFDIK |
Fancy having 1 million less Bird shares in your account maybe 1.5 million if we count last week’s 500k |
Maybe they don't like the name and/or the logo? |
Hyper I will coin you on THE CULT. |
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