Blackbird Share Discussion Threads

[washingmachine] 18/6/2024 20:35

Chart wise it’s played out perfectly
It’s hit the 3.5 target has mentioned a few weeks ago.

[pokerchips2] 18/6/2024 20:24

" and they did not cover the extensive market that is BIRDs target."

We know it is an initial $6 billion segment of the market,but I am not sure if that is all within english-language geographies or the figure is a global figure for that segment

[1macosta] 18/6/2024 20:09

I found this post in another forum and it pretty much sums it up. Disappointment is the only word I can think of.
Here's the post.
"After seven years of being invested and being told how amazing we are going to be, and that the technology is going to disrupt a billion-dollar industry. I had to turn off and save myself from hear this nauseating twaddle from CEO who in my opinion has now lost all credibility.

I was always impressed by the propaganda and how much personally money he had put in. But their body language and their appearance tell me all that I need to know about whats really going on here."

[pat_cash] 18/6/2024 19:37

They should be sending in Anne to drum up interest from the investment community.

[pat_cash] 18/6/2024 19:31

Based on £3.8m annual cash burn they should have at least £3.0m cash at paid launch. In the meantime, if they add more of the features that I360 was requesting, and they’ve recently been showing, along with plenty more podcast/social media content, they could have some decent free subs to convert to paid at launch. Assuming a £200 annual subs price and 25-30% cost of acquisition e.g. through affiliate commissions, they could negate the monthly cash burn by converting about 2-2.5k paying annual subs p/month.

If they start showing off the Edit, Manage, Distribution ideas they showed, then they could indeed get some decent interest. And it was a great point re the only publicly listed UK creator economy stock (probably one of the few globally). They should advertise that.

Obviously it's a bit gutting to see paid launch pushed back so far, but there's plenty they can do in the meantime whilst sitting on a pretty decent amount of cash.

[timbo003] 18/6/2024 19:08

Very glad I went along, had conversations with SW before and with SW and IM afterwards.

From what SW was saying it sounds like Premier Miton are not at the beginning of a long journey to sell down their stake, more likely they are forced sellers due to redemptions.

Also delighted to hear that BIRD still have £17m headroom for raising EIS/VCT funds. VCT manager's have a bit of a penchant for SaaS companies that have sales but require additional working capital in order to get sales to take off, which is where Blackbird are likley to be in 12 - 18 months time if things go according to plan.

From Ian's comments, it doesn't sound like they have considered, or will consider delisting either, which is a bit of a relief given that I have had three of my Aim holdings delist in the last 12 months

[chriscallen] 18/6/2024 18:57

The Creator economy is a significant plus for BIRD. I think it was pointed out that many of the US corporations that are aiming at it are privately owned so you cannot buy their shares. What is certain is that the businesses that BIRD is trying to emulate achieved exponential growth and they did not cover the extensive market that is BIRDs target.

[bonio10000] 18/6/2024 18:43

They are already on record as saying that post initial "launch" they will go to the market for more funds to push the product.

That's a fact.

I assume that will be late Q3 or Q4 2025.

Cash outflow of around £2m to £2.5m p.a. and a few months lead in to place the shares - that timeframe seems right to me to get it done with a decent buffer.

We now know there will likely be no material funds from Elevate to reduce cash outflows prior to that.

That leaves them a small window to get the share price up to avoid a decent dilution.

[shortsqueezer] 18/6/2024 18:38

Not something I'm concerned about with 6 million in the bank and monetisation early 2025.