Blackbird Share Discussion Threads

[kcowe] 19/2/2024 11:24

matched buys and sells then at 7p ...

[horneblower] 19/2/2024 11:16

The seller is still offloading, but not below 7p.

[spoonmuff] 19/2/2024 11:15

Yeah in between the buy and sell price too. Would have said bed and ISA but they he 100k looks like a sell. Not sure on the other 2

[kcowe] 19/2/2024 11:14

big blocks going through .. interesting .

[horneblower] 19/2/2024 11:11

I bought two lots of 70k at marginally over 7p.

So, these larger trades going through at 7p which are marked up as sells are in fact buys imo.

[salmon9] 17/2/2024 14:04

John Veals
Thank you very much for that, I appreciate your insight and openness.
In the recent past I too had a crash and burn investment.
I chose two companies at the same time to invest in. The largest investment went into an AIM firm of lawyers called Ince with a turnover of £100 million. It seemed dynamic in the way it was attempting to grow in the marketplace of legal companies and I thought being a firm of lawyers they would be a conservative safe bet. Blackbird was my much more speculative buy, and so I invested on a smaller scale.
Ince shot up from around 30p to 80p, but then company problems surfaced. The MD gave reassuring information at the Investor Meets Company presentations and even declared he was reintroducing a dividend due to improved financial performance.
Things went from bad to worse at at 15p I decided it would crash, so I offloaded everything and switched all the money into additional Blackbird shares also at 15p because I was feeling that Blackbird was going to do well with Enterprise. That may still happen but I feel very fortunate that elevate.io has appeared on the scene! Ince did crash, the remnants were taken over, and the company that bought what was left has now also crashed!
I was naive in believing a solicitor would not lie to shareholders. I discussed this point with a retired solicitor and he said words to the effect of "It is the 92% of solicitors who aren't straight who give the rest of us a bad name!" A very expensive lesson!!

[johnveals] 17/2/2024 10:40

Salmon9 If you haven’t already read it I would add The Art of Execution, it and Investing Through the Looking Glass (written by Tim Price, himself a fund manager) are both essential reading for any investor imo. As one of the famous successful investors said “If you want to stand out from the crowd you have to do something different from the crowd”, or words to that effect. There are lots of investing games to play but the biggest obstacle in all of them is ourselves and our human biases. Blackbird is one of two moonshots I still have in play, the other is on life support, there are also several moonshots that have crashed and burned. So Blackbird is also the last roll of the dice for me and will be the last pre profit company I ever invest in.

[salmon9] 16/2/2024 20:28

Johnveales
Thank you for recommending "Investing through the looking glass". Based on your recommendation, I will read it, and I acknowledge the wisdom of the very calculated approach to investing. If you are an investment professional, it probably has to be that way, and if you are an amateur investor then you would be well advised to be as calculated and objective as possible.
My situation is that I have spent my life breaking the mould and thoughtfully defying convention, searching for a better innovative way, and at this stage in my life I was drawn to Blackbird by business logic, but also by the excitement I felt when I read about what they had created. That led to my investment being significantly intuitive.
So I am where I am, with fingers crossed. For me this is the last roll of the dice!!

[jamesjmb] 16/2/2024 19:52

A wee bit of a gambler in many of us here Salmon. Great fun the slot😊s

[johnveals] 16/2/2024 19:23

Salmon9, have you read Investing Through the Looking Glass? It’s very good.

[salmon9] 16/2/2024 19:03

Yes Cabi. That is the irony of it!!
The "rules" that some funds work under in order to satisfy more cautious professional investors means that they can't risk early stage investments which may be unstable, and they don't want to spend lots of time trying to understand a small company that may or may not make it. It might look like spending analysts time on a distraction rather than a likely sound investment proposition.

We are lucky, we can take our own risk and hopefully enjoy the excitement of a successful outcome!

As a boy, I loved the penny slot machines, pulling the handle and praying for a row of 3 cherries. It hardly ever happened, but listening to the shower of coins hitting the metal payout tray was amazing! Maybe that was before your time!!

[geheimnis2] 16/2/2024 18:10

Sooo

I think we have another five - maximum - six - or fewer Cowboy Boot Fridays before launch

Not long to go, ladies!

[cabi1] 16/2/2024 17:58

S9.

He can buy in when Blackbird evolves into a Unicorn.

[salmon9] 16/2/2024 13:59

Interesting question Cabi!

I discussed Blackbird with him several years ago, and he felt that at that stage there was significant uncertainty about what they would manage to achieve in terms of a successful business.
I had already made my investment by then, and I hadn't asked his advice in advance of my decision because I didn't want to burden him with any sense of responsibility for
my investment decision. I knew it carried risk.

His fund is a tech fund but only big companies so Blackbird would be too small for them based on low market cap.

I will be sure to not hold back in sharing my success with him when it happens!! I am certainly fixated on trying to outperform, even though at this stage it feels like travelling in a submarine!
Hopefully there won't be any depth charges!

[salmon9] 16/2/2024 13:01

JV,
My son is a hedge fund CEO and I am certain that their intention is to outperform, and so appeal to more investors than would otherwise be the case.
I expect there are some ambitious funds and some funds that are less ambitious.

[johnveals] 16/2/2024 11:23

HB you make a very good point at 08:16 this morning. Funds make their money from fees for asset gathering, not whether they generate profit for their clients. Their goal is to not underperform which is why they are all mediocre and often struggle to beat the trackers. Take a look at Tim Price’s excellent book Investing Through the Looking Glass for more detail.

[horneblower] 16/2/2024 11:19

Thanks bonio.I'll remind you of that later :)

[spoonmuff] 16/2/2024 10:47

Just got back from a European trip. Did I miss much (other than another 10% drop)

[salmon9] 16/2/2024 10:44

How funny.....
My late post yesterday said "I am still surprised that a fund doesn't accumulate a position at the rate of 100,000 to 150,000 shares per day at prices from where we are now"

First trade today was a 169,000 buy!!!

Just a coincidence of course, but a nice one!

[bonio10000] 16/2/2024 10:04

HB

I would liken trying to invest in early stage companies that result in Unicorns as being akin to one of your charts being right.

Best.

Bonio.

[cabi1] 16/2/2024 09:36

I think it will be on time.

However I tend to agree with Bonio.

It will be a quiet launch, then marketing will start.

I would imagine there they have enough interest for launch, and they would rather it build slowly, than get completely swamped and things go wrong.

That happens you lose them, and they ain’t coming back.

Plus with all this OpenAi video launch, our marketing will just get lost, at moment.

[nick2412] 16/2/2024 09:29

I think they have reiterated 'this quarter' a lot of times so I'd anticipate launch is still on track. Perhaps the current 'quiet' is being mistaken for a delay.

That said, I am hoping they launch the complete 'wow factor' platform that includes the player with all its additional monetisation and steering of subscribers to the editor. So if it needs a slight extension for all the bells and whistles to be up and running for launch then that's all for the good.

[cyberbub] 16/2/2024 09:16

A month here or there is no big deal. Better to get it right than have a disastrous launch.