Hyper
Interesting, anything is possible with $ billions involved expect games of smoke and mirrors
I would sell 10% of my shares @4.5p to help Google to end up with 10% it would be worth it! |
Pat
If you have a lot of projects it’s a very useful update to get a thumbnail visual
One thing that has disappeared for me is the upload progress bar which might fool new users as nothing appears to happen during upload |
And what if that 10% is at £200m ?
Just dreaming! |
If it is Premier Miton they have held BIRD for over 10 years. The CEO is a Premier man and has a reputation for focusing on getting results. The problem now may be that he is seeing what is promised in the light of the past track record... 24 years of losses coming home to roost. On the numbers alone BIRD sticks out like a sore thumb. He isn't on his own as BIRD is dubbed a "sucker stock" elsewhere. But most investments come with the warning that "the past is no guide to future performance" and for once that is going to be right here as BIRD finally takes off like a rocket. |
 I'm totally clueless about the sale of illiquid stock by institutional investors. Only from past investments I have seen the sell down of shares by institutions that have depressed the share price for many months to a year and then the final holding a major chunk going for a good price to a major player.
So would this scenario be allowed or work?. A big boy who wants let's say 10% of Blackbird shares on a specific date. They approach Miton to buy 10% but Miton have 15%. Before even talking to Miton they are told that they are not allowed to profit from the deal when it is made public. To do this Miton would have to sell 5% of there stock in Blackbird prior to the final exchange of 10% of stock on the agreed date, the 10% at a good price. The agreed date being the date when an RNS is released concerning big boy purchase in Blackbird.
On RNS of big boy purchase, our share price rockets, Miton has sold all its shares in Blackbird (so can't gain from inside knowledge) and big boy has 10% stake on the date specified. Everyone is happy ☺️
This is just my thoughts and what I think maybe currently happening. I have no information that this is happening or is even possible. No investment advice intended. imho, dyo.
Comments? |
A very minor/unexciting update seems to be that they’re adding automatically generated thumbnails to projects in the Projects/Recent Projects view. If a thumbnail hasn’t generated, I think you can go into the project and then out again, and it will. Hopefully more updates to follow shortly… |
Probably have declare at fund level. Similarly, if IM’s wife or family members buy/sell then it’s reported they’ve done so, and the IM & Family total on website is updated. Who knows. |
Pat Cash, yes I know DIT are a Miton fund, but if they're included in the main Miton 15% why did they declare separately last summer? |
Good point on ‘new manager’ |
It totally depends on what's going on at the fund, new manager, new strategy, redemptions etc. It's not unusual for a fund or an insti to dump a holding in a company at a massive loss, completely unrelated to the performance or prospects of the actual company. I've seen it many times. The holders of that fund rarely have any understanding of the individual companies held, they just want their annual dividends and/or annual capital gain, if they get that they're happy.I don't see how the main Miton fund could hope to sell out their full 15% holding in an illiquid stock, although they might be selling a chunk.I think it's poor that Blackbird's large shareholders page doesn't include Diverse Income Trust despite them declaring a 3.1% holding months ago. I've complained to the shareholders email address but haven't had a reply. |
Statistically a 10 bagger is more likely to lose 90% than go on to become a 100 bagger.
We are playing a numbers game and hoping that our knowledge swings the game in our favour.
Hopefully we’re right. |
And the answer is, it’s not about outperformance, it is about numbers and avoiding underperformance.
Blackbird is the share with the highest potential share price appreciation in my portfolio, I do however have shares with lower potential but higher confidence, imo.
billions not millions |
They are not even going to raise much money
£45k per million shares which in terms of a fund must be small change. |
Great question! |
Here is a question for the persistent seller..........
Do you really know so little about the detail of Blackbird's business, and the amazing prospects for their soon to be launched elevate.io video editing platform, that you think you have any other share in your portfolio that has better prospects for significant share price appreciation than Blackbird over the next 12 months?? |
Why wouldn’t a fund manager hold higher levels of cash or cash equivalents in a fund that invests in shares that can at times be illiquid?
Seems crazy to be pushed into being a forced large seller
Anyway happy to have took some |
I would suggest it is.
A delayed paid launch of course did not help matters and has probably put pressure on their funds.
Self fulfilling |
4.62 offered.
The seller is still here.
I hope it’s not Miton trying to sell the whole lot. |
It’s frustrating owning a company with a MarCap of £17.9m when you believe it to be potentially worth £billions. Over 200 bags if we are right.
Mmmmmmmmmm, dopamine. |
But it could be done, eventually... And we have the big advantage compared to early Grammarly that we *know* it can be done - we can see it working in front of us! |
'It can't be done'. |
An interesting article on another software startup, to add to the posts about Canva and Figma recently. |
SSB
It would have been nice to do that
Stephen has gone quite on Blackbird 10 hopefully more soon. |
Not sure how the legal bit works, but,
I could take NickB's whole youtube video amd clip and share the bits I like using Elevate.io and Spark.
Probably just using Spark(which is Blackbird and Elevate) ;-) from what I have seen.
Blackbird/FBT were so ahead some could not see it.
BWTFDIK
ssb |
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