Blackbird Share Discussion Threads

[chriscallen] 18/6/2024 09:18

bonio10000 If you are right it simply means they are not using EBITDA, which is the norm when presenting accounts, but have adopted their own possibly unique measure. They are after all likely to be the only AIM Listed share that hasn't ever made a profit in the 24 years it has been quoted.

[geheimnis2] 18/6/2024 09:10

Break even is break even, b

It is meaningful to cash

[bonio10000] 18/6/2024 09:02

I don't think when they mentioned break even for enterpris the thought was it would be based on revenues of £1.5m p.a.

So yes, meaningless.

[pat_cash] 18/6/2024 09:01

It’s not meaningless; they’re reducing some cost in that division, as they should, and it helps the overall cash position. Though it would be meaningless if they did it simply be reallocating cost to elevate.io or Corporate, which I wouldn’t put past them!

[bonio10000] 18/6/2024 08:50

Note 2 to the annual report. They split corporate overheads out of elevate and enterprise.

So if that is the measure of break even, and it also ignores capitalised spend, it is meaningless.

[bonio10000] 18/6/2024 08:48

Check the annual report.

[chriscallen] 18/6/2024 08:37

EBITA = Earnings Before Interest Tax and Amortisation (Depreciation) All other costs are taken into account including BoD salaries etc

[hairflick] 18/6/2024 08:31

Sounds like they sold around £20k worth

[bonio10000] 18/6/2024 08:26

Let's hope PM are just rebalancing and not selling a good chunk.

[bonio10000] 18/6/2024 08:25

The same player demo they do every year?

I'm staggered anyone would travel to, let alone place any credence on, a word they say.

SR is the only point of interest.

[tegell1] 18/6/2024 08:19

Is this player demo today sounding more close to use than ever before?

[tegell1] 18/6/2024 08:17

I agree about deadlines. Must be something achievable work to

[bonio10000] 18/6/2024 08:05

High hundreds of users, and hopefully a user is a user and not just an account, is a good start.

The rest is non descript word salad.

The lack of timelines will continue to weigh on the share.

Not sure the issue with staying q4 or h1 for a fuller release.

We must be really really tantalising close to forecasts in the market now.

[bonio10000] 18/6/2024 08:02

Break even ignores central costs like BOD and the such. They always leave that out.

[chriscallen] 18/6/2024 08:00

SSB Thanks. Your memory is clearly a lot better than mine.

That statement suggests that BIRD as a whole will be near EBITDA breakeven since most of the elevate expensess will be capialised as the cost of creating the new software.

[sideshowbull] 18/6/2024 07:24

"the M&E market back in 2022 leading to a refocus of our investment and resources into the creator space and elevate.io. We have taken decisive action against our M&E cost base last year and this year and, as previously stated, are targeting an EBITDA break even for the Blackbird division in 2024".

[chriscallen] 18/6/2024 07:09

I listened to the video of last week's podcast yesterday evening. SR was clearly on top of his task and will not be deflected from creating a "must use" product.

That leaves only one question for this morning: "What is the current level of cash and is it sufficent to get elevate.io released and generating income sufficient to rule out another placing?"

[terminator101] 18/6/2024 07:09

High hundreds huh cult members. Premier miton bailing out. Don't worry it's all fine.