Blackbird Share Discussion Threads

[geheimnis2] 29/2/2024 16:21

Not convinced by the auditor point

They would just switch off marketing spend - 5.9m would easily last 12 months

[shortsqueezer] 29/2/2024 16:01

Not read TW piece yet but if that info is correct then the results will be not good. But nobody was expecting them to be. But I'd be interested to see what the outgoings are allocated to. Hard to see why the auditors would be concerned to be honest.

[chriscallen] 29/2/2024 15:43

Compared with 28p the downside now is very limited. Whilst estimates of £37 may be a few years away of being achieved the economics of elevate.io do mean that a substantial increase in the share price when it happens could catch many on the hop. If the likes of MSFT or AWS are seen to be supportive a rise may come even more quickly than the user numbers.

[m5] 29/2/2024 15:20

Slightly different take by TW that the money was raised to placate the auditors that they have enough money to continue going forward, considering it's cash burn.

[invest360] 29/2/2024 13:22

It’s a tiny shadow of what’s to come. If they prove the model, the share price will rise dramatically and they’ll want to raise as much as possible (say, £50 m at a 20% dilution) to hyper scale ASAP.

[spoonmuff] 29/2/2024 13:13

That’s quite the example Ortega lol

[horneblower] 29/2/2024 12:01

Yes imo. Probably around 35p.

[jj_1237] 29/2/2024 11:48

just a quick thought ... it was clearly stated (to my ears at least) at the special event and the last agm, that more money needed to be raised.
i'm assuming this wasn't it though, should we expect another placing at some point in the next year?

[invest360] 29/2/2024 11:27

I have no problems with these placings. At this level AIM is a fundamentally illiquid market. Unless liquidity can be 'injected' through placings and other 'temporary off-market' MM activity, BB wouldn't be able to attract institutional investors and wouldn't have access to much-needed sources of capital. AIM would be a wasteland - and BB with it.
I get that we PIs are often the last to know - but...
1./ I've never been aware that the share price has moved that much as a result of these transactions,
2./ We've always been able to buy in at pretty much the same price as the large investors once the news had been broadcast, and
3./ Almost all this ends up maintaining the health of the company to prepare the way for it to multi-bag.
Finally, as Timbo003 so elegantly demonstrated, if you want a more significant stake, just contact the brokers, and they'll do what they can to accommodate. Any of us could have done exactly the same! He just showed more initiative.
To my mind it's all just tittle-tattle and inconsequential moaning - none of which changes the fundamentals: That is, a company that has tech impressive enough to distribute video for the Olympics and create an app for the whole of Bloomberg (incl. their prosumer - non-pro-editor - reporters and producers) is about to launch a mass-market prosumer app. The investment risk is highly asymmetric:
- a 25% chance of going from 7p down to 0p (over about 2 years),
- a 25% of going up to £7.00 and
- a 50% chance of doing something in the middle (with the insiders putting more of their own money in).
I'm glad I've got so much skin in the game - nailbiting, though it may be. If nothing else, Easter's going to be interesting this year...

[cyberbub] 29/2/2024 11:22

People are stressing far too much about this small placing IMO. If you believe that Elevate is a game changer (and you do, otherwise you wouldn't be invested and posting on this board, right?), then you now have a chance to top up or average down at 5% above the price that HNWs and directors just bought at... So go for it!

[shortsqueezer] 29/2/2024 11:06

Must be a big sell pending at 6.0 ?

[muffster] 29/2/2024 11:06

Oh well at least you can use this as a loss against CGT, which will be 3k in April...almost all investors will get caught out.More money, diluted shareholding, still loss making.

[shortsqueezer] 29/2/2024 11:03

Yep. Mine being one of them :-)