Blackbird Plc

0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Blackbird Plc LSE:BIRD London Ordinary Share GB0004740477 ORD 0.8P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 6.00 322,055 08:00:00
Bid Price Offer Price High Price Low Price Open Price
5.50 6.50 6.00 6.00 6.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Computer Programming Service 2.85 -1.92 - - 22.05
Last Trade Time Trade Type Trade Size Trade Price Currency
15:30:43 O 50,008 5.98 GBX

Blackbird (BIRD) Latest News (1)

Blackbird (BIRD) Discussions and Chat

Blackbird Forums and Chat

Date Time Title Posts
27/5/202321:50BLACKBIRD PLC 5,066
27/5/202319:58THE CULT125
27/5/202313:422020: Sing a song of six pounds GUILD10,852
23/2/202313:02Shysters pretending to short1
03/1/202310:452022: meteoric rise - powered by blackbird8,235

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Blackbird (BIRD) Top Chat Posts

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Posted at 27/5/2023 15:06 by cabi1
The Analyst.


I genuinely think they were under pressure to be seen
to cut down on cash burn, especially after the A+E announcement and share price drop.

Their focus is on a couple of more larger than EVS PBB deals which they see as the way to spread BIRD across the industry, plus the Creator App.

I think the ones they let go were just twiddling their thumbs, as direct deals have been put on the back burner.

I still believe we come good, and then get bought out in next 18 months/2 years.

I’m really excited about the Creator App, and think Sumit and Mo will make a success of it.

If they do the share price will explode.

It’s just going to be a waiting game.

Regards David Main going that’s a result, as he’s a complete waste of space and just a hanger on from the past.

Hopefully we get some progress reports at the AGM.

IM better not throw a sickie again, and man up.

I would also like to see the BOD buying in size down here, but maybe they are restricted.


Posted at 27/5/2023 13:05 by the analyst
Interesting times ahead.

Might be famous last words, but I am feeling confident.

If this were a different company, I'd be thinking that they are about to rip-off investors, issue a load of shares and dilute investors out the picture. A share price dropping like a stone, a lost contract, lack of new deals, cost savings, reducing marketing staff, and a non-exec fleeing prior to an AGM...

With most AiM companies, that's a 'wouldn't touch with a bargepole' situation. I'd normally be writing off my shareholding at this stage, tbh.

But I don't think that this is the case, here. For two huge reasons:

1) Plenty of cash in the bank, enough for at least two years imo. Even with the increased costs associated with the SaaS product. Enough time to make quite a few deals, and release new products, and time for the products to gain traction.

2) Stephen Streater. He still has a big shareholding and I believe he is a good person, and would always do the right thing regarding investors. I genuinely feel that his personal credibility (being a good person) would be far more important to him than any monetary gain that involved ripping investors off.

I do still think that at some stage, they will spin off the SaaS / Prosumer business, and the newco will pay a hefty annual minimum to licence the IP from Blackbird.

Hopefully whatever is brewing, they are planning on taking all investors on the ride with them. If so, then the current share price could be bargain of the century. But who knows?

Posted at 18/5/2023 14:14 by chriscallen
So if the news is not good the policy is to publish it on the LSE but not on BIRDs own website? That presumably means that the site is devoid of any news except very significant wins... as indeed is the position as of now.

In April 2022 when the policy of "no news except major news" was confirmed the share price stood at 16.75p. The justification was that they did not want to draw attention to the fact that BIRD was a small company (though a simple click to the LSE website would have elicited this fact anyway). Now well over a year on the price is 6.5p, which capitalizes the company at £23.89M, a drop of over 62% since then which draws even more attention to the size of the company and its lack of commercial success. Hargreaves Hale criticized the policy in their report which named BIRD as its worst performing investment and since then the position has only got worse. The policy needs to be jettisoned but, of course, that will not stop the slide if there is actually no good news to announce. The payroll has expanded considerably so is it fair to assume that some of those recruits actually know how to win sales or are they all backroom people for servicing the as yet non existent client base?

Posted at 18/5/2023 09:24 by chriscallen
The further fall in the share price this morning suggests that despite the sterling efforts of support by BB members here the market is still taking the view that the continued silence means BIRD has no good news to share with shareholders and potential investors. For some of us it means retirement is indefinitely postponed at best. The BoD now needs to extricate BIRD from the mess it is in - over a third of the share price is supported by cash in the bank which means the value of the technology and the underlying patents it holds are at a completely give away valuation. The time cannot be far away when the IIs finally lose any remaining confidence they have that BIRD can deliver any meaningful return to shareholders. Is there any reason on the current evidence to believe that the fall will not continue until Q4?
Posted at 13/5/2023 11:26 by salmon9
I agree totally that the drop in the share price was not logical based on the facts that are known to us. Who knows why A and E made their decision, but as a number of us have said, it may well be due to internal changes/priorities/plans at A and E which are not necessarily a negative for Blackbird's products and service.

The share price drop was simply what was needed to cope with the imbalance between sellers and buyers. It is a pity that a number of people panicked, and pathetic commentators like Terminator and Clocktower leapt in immediately, to stoke fear as much as they could.

The lack of news from Blackbird on solid progress has clearly made some people very jumpy and liable to panic. However, once solid progress is announced, then the level of confidence and optimism will surely rise.

Posted at 08/5/2023 18:50 by sideshowbull
I am very confident in my BIRD.

So confident that I added to my original decent holding:

A few friends joined..

sideshowbull - 28 Apr 2023 - 08:02:47 - 3896 of 4238 BLACKBIRD PLC - BIRD
Added 59007

sideshowbull - 03 May 2023 - 10:29:50 - 4047 of 4238 BLACKBIRD PLC - BIRD
Added 25007

My teen also added to a CTF, their call.

No advice.


Posted at 04/5/2023 13:22 by chriscallen
The big corporations are under pressure from many directions. To match competitors they have to make the video production process cheaper, faster and higher quality. They also have to reduce carbon emissions under pressure from governments and public opinion. Technology can help them achieve improvements. So the market for BIRD exists and is growing fast. But from a shareholders viewpoint the drawback is that contracts with customers like EVS will not be announced (unless both EVS and the end customer agree) nor will contracts routed through MSFT, AWS, Google etc. The first concrete evidence would be in quarterly updates if these are implemented. BIRD may do deals directly but my guess is that they may well be smaller and at lower margins so they will concentrate their efforts on the large intermediaries because that makes commercial and financial sense. The bulk of their own sales force will be concentrated on the Creator economy and the exploitation of the new offering.

It's frustrating but one good announcement would add considerable credibility to what is being painted as a positive picture. In its absence any investor, existing or new, is still faced with a company that has never made a profit, cannot say when it expects to do so or even break even in cash terms and will not announce anything less than the sort of deal for which an RNS is required by LSE rules. So on that basis I don't expect to see any great improvement in the volume of share purchases and the share price until Q4 when a forecast may be forthcoming.

Posted at 02/5/2023 09:49 by salmon9
I know this is partly speculation, but standing back, it feels to me that the mist is beginning to lift.
Blackbird have a track record of technical excellence in their specialist field. They have released little detailed information for a long time about the detail of what they are working on, but during their period of silence, we have seen that they have assembled an impressive team of new talented people who have been sufficiently impressed with Blackbird to give up their jobs and come and work for Blackbird. These technically expert people clearly believe that Blackbird will be successful in the near future.

Blackbird knew that their silence, and lack of significant news announcements would result in little appetite for anyone to buy Blackbird shares. They knew and accepted that without a surplus of buyers over sellers the share price would decline sharply. They are focused on the bigger picture, and they believe that when they announce the product of their latest phase of development work, it will be a big, big success, and the share price will rise significantly.

The period we have been through has required steady nerves, patience, and belief.

Posted at 01/5/2023 18:20 by horneblower
It's no good just hoping the share price will beat 10p and continue to rise.

It doesn't need much but without buyers the share price will sink again.

Having faith is not enough. Let's get the price moving in the right direction. ↨↑↨;

Posted at 25/4/2023 11:28 by mcsean2164

You and bonio are right. I am simply trying to reduce the price to buy more.

My 8 years as a shareholder has been a grand ploy so that at 8p and after 8 years being a shareholder, I could finally put up a spreadsheet to crush the shareprice.

It has nothing with the ennui I experience reading posters citing a share price of 50p or £24 and a huge addressable market while the share price tanks and our revenue is about the same as an average McDonald's restaurant whilst running a loss.

FWIW, I very much hope your guess is right and not cab1's!

Again if anyone has any prize suggestions.... I could throw in a copy of Reminiscences of a Stock Operator for the winner!

Also, I've seen a lot of 10 million in the bank. I'm assuming we've lost around £500k in the first three months, so less than 10 million banked now. As I've said before, I think most could easily establish a business to sell at a loss.

666 days since FIFA RNS is 13 - 10 - 2023 and yes it's a FRIDAY!!!

Blackbird share price data is direct from the London Stock Exchange
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