Big Sofa Technologies Share Discussion Threads

[pet lover] 09/7/2017 20:06

HAZL.

Great research, I had not seen or read those posts.

The Trolls on this thread are linked to the failed attempt to get rid of the board at NEW.

All of this was going on long before BST was floated in December last year.

It's a vendetta.

If one looks deeper into the Trolls past you find something that remains constant.

FAILER.

[toffeeman] 09/7/2017 19:58

What I want to know is what the BST software (whatever it is) actually DOES and whether:

1. It has any competitive advantage over other similar offerings.
2. If they have protected IP

I need to understand the detailed answer to these two questions (which currently I don't).

If the answer to either question is no then there is no investment case.

All imho

[hazl] 09/7/2017 19:54

I have found this from last year petlover.
It sounds as if they really rate the technology but were trying to oust out the old board is that correct?
Now they are trying a different tack and trying to frighten people away is that it?
Why can they be allowed to get away with it?








IMO

[gheebee] 09/7/2017 19:23

Oh, but I have read those notes. That statement was two weeks ago. Being a disruptive tech company I'm sure one of the chaps can operate the self filing system.

"The figures for the years ended 31 December 2016 and 2015 do not constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006."

Now read (as in try to understand) the last four filings.

[hazl] 09/7/2017 19:23

What 'tangled webs we weave'.


EDIT
Petlover seems to have the detail.
As to the rest,it's just too complicated,for me anyway.

[pet lover] 09/7/2017 19:04

GheeBee: if only you had read the report and accounts.


It told shareholders,and the Nomad, two weeks ago that they had NOT yet been sent to companies house.!

I must say, your scheming posts backfire each and every time..


1. The figures for the years ended 31 December 2016 and 2015 do not constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006. The figures for the year ended 31 December 2016 have been extracted from the statutory accounts for that year on which the auditor has issued an unqualified audit report which have yet to be delivered to the Registrar of Companies. The figures for the year ended 31 December 2015 have been extracted from the statutory accounts for that year which have been delivered to the Registrar of Companies. This announcement was approved by the board of directors on 27 June 2017 and authorised for issue on 28 June 2017.

2. The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards adopted by the International Accounting Standards Board ('IASB') and interpretations issued by the International Financial Reporting Interpretations Committee of the IASB (together 'IFRS') as endorsed by the European Union. The information in this preliminary statement has been extracted from the audited financial statements for the year ended 31 December 2016 and as such, does not contain all the information required to be disclosed in the financial statements prepared in accordance with the International Financial Reporting Standards ('IFRS').

[gheebee] 09/7/2017 18:57

As was said before,anyone drawing on the thoughts of Chairman Dan to make a point has already lost the argument but if you want to keep demonstrating your own level of moral turpitude, crack on I say.

[pet lover] 09/7/2017 18:56

GheeBee.

Up to his nasty little tricks again .


"And just for finishers, have a look at Companies House, the red font and the recent auditor filings and see if you can work out what's happened before the Nomad and the market do."


BST put out their results at the end of June 2017, on time.

They will no doubt take a few days be sent to companies house and a few more to be registered on their platform.

However if for any reason they have not arrived a fine may be imposed.

That fine is £750.00

[pet lover] 09/7/2017 18:40

GheeBee

I personal think you should look in the mirror first.

[pet lover] 09/7/2017 18:35

OK now start to look at this from the other parties point of view.

IPSOS has signed a agreement/partnership with BST.

IPSOS is the NO 3 in the market research sector, with revenues of £1.3BN

14,000 world wide staff.

Struggling to keep up any kind of growth rate, within their own business.

They now have a new offering, to offer their customers, of video analytics.

In just about every part of the world.

Around 10% of the. IPSOS workforce are in direct sales say 1400.

If each one sells just ONE SURVEY A YEAR @ £15,000 = a whopping £21M just from IPSOS.

My own BST revenue target is one million a month by December 2017 IN TOTAL. IPSOS only needs to chip in its share of around a third of that or £300,000 (or £3.6M in 2018)

Going back on myself, only one in five of IPSOS direct sales staff need to sell just one survey a year.

[gheebee] 09/7/2017 18:17

Some Sunday evening fun.....
Compare and contrast this website for an MR video company

With this website for another MR video company

then scan this presentation

and ask yourself which one would you go forward with if you were SSI?

Then remember that BST was incubated by Unilever over 3 years (or one technical lifecycle as some call it), that Unilever has a strategic partnership with IPSOS and so does P&G, it seems. Then mull over that the service contract, as opposed to the sales partnership, with Unilever was from Jan 2016 and that the UK Government facilitation contract ended in May this year (why did no one mention that before?)

And just for finishers, have a look at Companies House, the red font and the recent auditor filings and see if you can work out what's happened before the Nomad and the market do.

[taurusthebear] 09/7/2017 17:35

Well hazl, I cetainly wouldn't invest based on BB comments, because they are all tarnished by subjectivity.

But the recent story is good, and based on that, coupled with the pullback, I'll probably take an initial position.

But it's software, it's murky, and overheads rise with new offices opening. For a small company, there's a thin line between exponential growth and collapse, but for now, I may tend more towards the former. :0)

[smart_investor] 09/7/2017 15:03

Regarding the three deals signed with BST with the multinationals since April 2017.


4th April 2017 - Deal signed with IPSOS who have market cap £1.2 Billion

10th April 2017 - Deal signed with Survey Sampling International. I cannot find value but they are big.

12 June 2017 - Deal signed with Proctor & Gamble who have a market cap of over £160 Billion.



Looking good for BST who are a small small AIM listed company valued at approx £12m

[panic investor] 09/7/2017 11:54

Many thanks everybody for your input - appreciated

[hazl] 09/7/2017 11:10

673 excellent post.....provides clarity.
Thanks smart investor.

[smart_investor] 09/7/2017 11:04

My prediction & simple calculations on potential Calendar 2017 revenues on what we know:

Full year results for 2016 showed revenue of £760,000. If that revenue over the calendar year is split into months it gives average monthly revenues of £63,000 a month in 2016.

In the year end results for 2016, looking forward into 2017 we were told and I quote from the RNS 'Strong start to 2017, with revenues in June more than three times greater than January'.

We can take a good guess at the January 2017 revenue figure based on average monthly income from the year before - it being £63,000.

Now we can work out June 2017 revenues based on quote in the RNS saying revenues in June 2017 being three times greater than January 2017.

£63,000 (average monthly 2016 revenue) x 3 = £189,000 June 2017 revenue

This is where it gets exciting in my opinion. HotStockRockets found out from the company and I quote: 'The bottom line is that sales were indeed a mere £757,000, that was c100% up on 2015. Sales in June 2017 will be thrice what they were in January 2017. And those close to the company expect sales by December to be 3-5 times higher than they are in June.'

June Revenue = £189,000

They say sales in December to be 3-5 times higher than June.

That give a potential December revenue figure of between £567,000 (three times) & £945,000 (five times)

So potentially in December 2017 revenues for that month alone be more than the total revenue (£760,000) announced for calendar year 2016.

Did someone comment put a rocket up your portfolio?

[smart_investor] 09/7/2017 10:39

Simple timeline of events on what we know to date.

Revenues for 2016 calendar year £760,000 as per results. So what has happened since then to boost revenues in calendar year 2017?


December 2016 - 19th December BST list on AIM and now have the cash to grow the business 'rapidly' they say

March 2017 - BST open up office and expands to North America. The biggest market globally for video analytics. The Company's US hub is strategically located within easy reach of key existing and potential customers in the region including several large consumer insight agencies and consumer packaged goods companies.

April 2017 - Deal number 1. BST signs Global Licence Agreement with a Leading Market Research Company. We know this to now be IPSOS. Simon commented at the time - "This is a potentially transformational development for Big Sofa over the medium term.

April 2017 - Deal number 2. BST sign Global Agreement with Leading Consumer Research Solutions Provider Survey Sampling International (SSI). At the time Chris Fanning, President and Chief Executive Officer of SSI, added: "We are pleased to be working with Big Sofa - a market leader for enhanced data collection methods in video - as we strive to provide customers with the best technology and services."

June 2017 - Deal number 3. Global Agreement with Major Consumer Goods Multinational who we know now to be P&G. Simon commented "I am very excited by the momentum being generated in the business. This Global Systems Partnership status follows the Global Licence Agreement with leading market research agency, Ipsos, just two months ago which is also beginning to contribute significantly to revenues with projects being undertaken for blue chip international clients."

July 2017 - Calendar 2016 Results announced. We are told in the post year end highlights that BST have had a "Strong start to 2017, with revenues in June more than three times greater than January". We are also told BST have 'Secured several significant contracts (Deal 1, 2 & 3 above) which underpin a substantial new business pipeline, which are expected to contribute material revenues during the current year'

[hazl] 09/7/2017 10:13

I think the main problem for me here,is the share-tipsters seem to be at war and I have noticed this in a different firm as well.
This clouds the issue as I have said in a different post.
BBS are full of people with their own agenda and it's such a shame because it's the management and the PI's that miss out.

Each to their own.
It's not without risk....what firm is?
But it is the politics here that detract from the real fundamentals,in my opinion.

[hazl] 09/7/2017 10:07

Simple ...don't invest then taurus 8-)

I looked at the announcements and the final results
before I bought a few, not the bbs.

The future has the answer and none of us are privvy to that, so all we can go on are the results so far,the experts(as far as we can assess them to be) for me, they are the analysts in the articles,the way things have gone so far in this technological revolution and the company themselves management-wise.
Then we can make a decision.
Because there are some 'knowns',as petlover points out....the large firms interest, and some 'unknowns'...true with any new firm and new idea....I have decided to risk a small amount because I like the idea and think it's worth a punt.

[boros10] 09/7/2017 09:51

The recent RNS says, "As a result of this, the market for video analytics is anticipated to expand at a compound annual growth rate of 20.6 per cent to GBP7.19 billion between 2015 to 2023."This means the current market for video analytics is £2bn (end of 2016). That's already a big big number so why in the Y/E 2016 could BST only muster £700k of revenue and be targeting only a couple of million plus by the end of this year? It suggests either the segment of the video analytics market addressable by BST is much much smaller (so why mention the £7bn market size by 2023!!) or that BST is a tiny player in a big market with plenty of competitors. I don't know which but I do get the strong sense that it is overhyped which is why I am short. The next few months should provide some clarity.

[taurusthebear] 09/7/2017 09:44

Very loose stuff, though, based on others being supposed experts. All supposition regarding survey numbers and income.

Lemmings follow each other over cliffs, but I prefer to understand what the real deal is before investing. :0)

[pet lover] 09/7/2017 07:01

I just don't get some investors.

Sit back and ask,why IPSOS, SSI, UNILEVER, and P&G have all chosen this software.?

Then do the next set of sums.

Each survey is now being invoiced at an average of £15,000.

Then work out what income is delivered if each company does just one a day.?

That's a tiny 90 odd per month.

IPSOS alone has 16,500 staff.

Have a nice day.

[panic investor] 09/7/2017 06:00

Taurus that was my first impression - to be fair though BLNX was just a YouTube copy. I've got up early to do some research

[taurusthebear] 08/7/2017 22:44

There's a lot of waffle in the blurb surrounding this company, but what does it all mean? What are the USPs, and why would people invest in yet another digital start-up without a unique, easily understandable selling point?

Certainly a good punt at such a low market cap., and if they do ever break into profit, there's no arguing with hard financial data, but the hype does rather remind me of Blinkx... :0)

[hazl] 08/7/2017 19:52

post 92 of petlovers thread