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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bright Things | LSE:BGT | London | Ordinary Share | GB00B00S8650 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.375 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 1.375 | GBX |
Bright Things (BGT) Share Charts1 Year Bright Things Chart |
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1 Month Bright Things Chart |
Intraday Bright Things Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 14/7/2010 | 12:37 | Bright Things - Entry into Social Networking | 5,415 |
| 17/6/2010 | 09:44 | BGT Research Essentials - 2009/2010 | 580 |
| 10/6/2009 | 09:12 | bright future for bgt | 7,743 |
| 13/4/2009 | 20:42 | ****BRIGHT THINGS**** 2008 NEW ERA | 79 |
| 27/1/2009 | 11:49 | SocialGO Stats | 17 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 03/6/2010 12:21 by carl79 TA, yes, it is yet another potential positive but I am not reading too much into it. I dont know the minutia of the discussion that have taken place and what, if any, concessions BGT have made to retain Veddis as investors.Norbus, no disrespect implied by what you say so none taken. You have your opinion as do I. You were not so sure it was screaming out that Vikram simply wanted more (hence the depressed price - im assuming this is what you mean??) a wee while ago though and if anything you were quite irritated at the low price, regardless of how temporary or misleading! Ultimately, regardless of what is said, the share price was at the 1p level becasue the wider market did not have an appetite for the shares. This could be the result of a multitude of reasons and im not saying the share price deserved to be at 1p, but at the time, there was no one putting their hand in their pocket, not even you or I (who are bulls). Unless you are in some way intimating that Vikrant has ordered a veto on any positive information coming from the company in order to suppress market interest, I honestly do not understand how you think this one man influenced the likes of you and I to not buy more shares at 1.05 (which I actually considered yesterday before the move north). I got a quote for 150k three times and nearly pressed buy but have promised myself i'll only top up sub 1p as i actually think i have enough BGT...Its semantics anyway. If we hit 4p with no more than a peep from the company, i'll be shocked but i wont be complaining! If we dont though and this stagnates or even drifts in the lull between news, I may remind you of this conversation if you start to get agitated at the lack of company news and apparent disinterest in driving the share price .. |
Posted at 02/6/2010 21:42 by carl79 We have the same goal in mind Norbus - i want to make a significant return on my investment as do you. I have been invested in BGT quite a bit longer than you though and believe me when i say that if you talk about 4p as a near certainty on the bakc of them securing funds alone then you'll not only disappoint yourself, but you'll disappoint the people that bought into your optimism. I have been guilty of adding up what I thought were 2 and 2 and getting 4 only to be proven wrong by something not quite being as it seemed...It is good that BGT have money for a while yet but I just dont think the share price is ready for massive movements - not unless news is around the corner (which it may well be)...Let me put it this way, if you went to a bank for a loan to buy BGT at 4p a share and you used your comments above as the basis of your rational, do you think you'd be successful in acquiring the loan - or put another way, if you had the required funds, would you pay 4p per share for BGT tomorrow? I think that until you knew how much they were making and how sustainable that revenue was, you'd be a fool to do so and I am a current investor, not a deramper - just trying to keep things realistic given the info we have...TA - yep - id be heavily disappointed if BGT dilute further. They now need to take this to the next level - not simply to retain shareholders but in terms of pure business, I don't think that SocialGO will be a success in in 24 months time - it needs to hit the mark in 12 months or less or we will lose too much ground to the competition - we lose customers to Ning every day as it stands. Spence has a good story as do others out there and their stories will only get better as time goes on... in a nutshell we need explosive growth or we'll be overtaken. My guess is that this next 12 months are make or break and V2 needs to be a substantial improvement on the current platform if this is really going to be a platform fit for large corporates and true entrepreneurs to take advantage of. I want to see b/e in this period and any future funding should be in order to grow more rapidly as opposed to keep the lights on and staff paid... I have no aversion to 4p by the way, i just think it will come after a load more specifics, not on the back of Vikrant supposedly declaring he has had his fill and allowing the share price to float up |
Posted at 02/6/2010 15:32 by carl79 Unless yo know something i dont, I am not sure how the share price this morning "should have been 4p" or what makes you think Vikrant has been suppressing the price all this time?? I was under the impression that the share price was here becasue the market does not know how close to profitability the company is, what the cash burn is or how quickly their revenue / profit lines are growing...If you know for a fact that Vikrant kept the price at sub 1.5p for so long and that following today's news, we'll see 4p no sweat then maybe you should be teaching me - seriously - becasue I am not following your logic...Yup, name change good but also suggests that nothing but SG is on the agenda in the future - so it gives focus and lets us know they think they have a viable company on SG alone but it also puts all the eggs in this basket - I can only assume it is a nice soft, big basket! :-) |
Posted at 08/5/2010 10:09 by carl79 That's good if so - you dont start hiring if you need to watch the pennies - you make the existing team do more with less until cash is not so tight...promising...What would a B/E announcement do to the BGT share price if it were the next RNS we got. Double it? More?? What is the magic number of networks to get us there - 6,000 give or take? yes, my guess was that if the widgets are popular (and they are capable of developing them in house) then giving up revenue to 3rd parties is a complete waste...if not many networks take them, there is no point spending resource churning them out but if they are in demand then the numbers stack up in terms of RoI... |
Posted at 06/5/2010 15:56 by carl79 If we get no RNS till Sept, the implications are that they are generating healthy revenue and are closer to B/E so this is why (I think ) TA's mouth waters at the prospect...mine too - nothing would please me more than for the company to announce they are in or virtually in the black and self financing...Agree with TA though, i'd be surprised if we are there yet and thus expect another bought of funding (hopefully via debt as opposed to dilution)Regards an update though, TA I think I disagree. With Ning dropping the bombshell and with this bombshell impacting our model at a fundamental level, I think BGT should be re-confirming or resetting their strategy to us shareholders. If we become the de-facto home for free networks, our ability to market ourselves as a premium network supplier gets diluted - its okay when you have a healthy proportion of premium custoemrs but if we slip below 1% of sign ups being premium then i'd argue we lost focus - i would also argue the premium customers are not getting the service/attention they are paying for and with the likes of Ning actively out for their business BGT can not afford for that to become the perception... Whether the update is via RNS or simply a statement posted to the interweb, i dont care but i do want to know what BGT are going to do now Ning has shown its pricing hand - i would not be comfortable investing more money until i felt sure they were monetising the opportunity effectively and whilst Dom clearly understands and is vocal about the flaws of a freemium model, i am not seeing evidence that BGT are actively creating a premium business - what is the difference between the current model and Nings old one (in general - not at a specifc level)?? Even the ratios of free v premium seem in line with the old Ning model - hence my desire for an update becasue that clearly can not last...I take on board our lower cost base etc etc and if it is working for BGT, great, i think they should tell us that retaining a free product and having x% of free networks does not adversely effect profit / service and then i'll buy more shares...simples.... |
Posted at 06/5/2010 13:04 by the analyst I'm realistic norbus, whereas I see your vision of pumping the share price with spin and selling into it as totally unrealistic and unsustainable. That's my idea of a rose-tinted vision, based on nothing tangible. I don't mind if they pump the share price, but it's not my target. I have targets for the business and many of them are being met and a few seem to be taking longer than I had hoped for. One thing for sure, over the last 12 months they have become a real player in the sector. They have a product, people are paying for it, they have a revenue stream that increases month on month and right now they are getting great PR (do a google news search for socialgo). In what could be a $4 billion market, that is impressive Your targets seem to be based around share price, yearning for an MDC circa 2005 scenario - spin, pump, sell, spin, pump, sell, repeat as necessary. I don't think that creates genuine long-term value for holders With regards long-term investing, this is how I make a living. I still hold some ASC bought back in 2002 and I'm still waiting for them to come right too. Just drags on and on... |
Posted at 06/5/2010 08:05 by carl79 Perfectly normal to lose heart Norbus - but keep focused on the "prize" whatever your particular prize is. I see BGT carving out a niche in the premium market and if the industry tags this a worth $4Bn then we dont need a very big slice to make us rich! But we are not there yet - i've mentioned my concerns so wont labour the point but i still see it as viable so still keep holding. The day that i feel they are not going to make it, be that Ning starts dominating, or another competitor flies in, the product does not improve quick enough, sign ups decline etc etc i'll re-evaluate...but till then i would not call a fellow holder a rose tinted spectacle wearer becasue we're all looking at the same beast and all have similar expectations (that our investment will grow - the level of growth will likely be very different in each holders mind)...You are spot on regards an update - we need one ASAP now. Ning changed the game when they closed up shop to free and SG hav up to not responded adequately. Certainly from a shareholder perspective. Regardless of what is said, Ning eliminating Free has a significant bearing on BGT's strategy because they now have specific, focussed competition AND are looking like the home of choice for the discarded Free sites - Both of these events need addressing imo. Ning's decision to charge all sites will improve their revenue but as yet, we don't know if it will reduce BGT's revenue - BGT need to announce how they can assure shareholder's that it won't... One clear positive that remains is that for every week that passes, BGT must be getting closer to B/E - and if we do in fact reach B/E then assuming we are not required to suffer massive dilution, we should all make healthy returns - at an average of sub 3p, I still think a return is possible and I have enough powder to take my average to sub 2p if I think we are turning a corner...(given BGT's speed of movement on positive news though, i may never get the chance to top up as this share can move like lightening with the right type of news behind it! Most days however it is either flat or declining - this is the way of the world with an AIM listed stock that provides few updates, is not yet posting profits and is pushing a service that is not quite mainstream...you must have known that when you invested - the history was / is a fairly good indicator...strategy shoulkd be get in at a comfortable level, build up your stake and then if your calculations are correct, when the share moves, you become much much richer - this is not a share you buy and then enjoy daily movements with the ability to trade regularly... As far as how appealing this is, I agree it isn't, and this is why i withdrew from AIM apart from a select group of holdings - in times of recession, I felt it unwise to have most of my portfolio in illiquid stocks...but im happy with my lot and with the right direction (which you either think they have or you dont), BGT have every chance of making me a touch more wealthy and that for me is the prize i focus on - until something fundamental changes, I keep my eyes on that prize and try to filter out noise like the interim share price .. |
Posted at 16/4/2010 12:10 by carl79 AH! The penny drops!So this "new wave" is a load of customers from Ning - it all fits now... On the face of it it seems great BUT I am worried! Here's for why... Ok, so you'll have seen my recent posts about the two business models - the free ning one which we all knew could not last, and the premium paid for one. In these posts i've said that BGT should perhaps start charging $1 a month for all the free networks - it would remove "dead sites" and probably still elicit payment from people with over 10 members - what is £7 a year to run a mini network...buying a round of drinks for just two people cost more...anyway...So, it looks like Ning have been thinking on those lines - why offer a free product at all when you are as large as they are? They have used "free hooks" to grow at lightening speed and now if they cull 80% of all of their sites in this move they still have a massive revenue generating network base! I think it will probably work out for them...The other potentially more worrying thing is this - now that Ning are focussing 100% on making their platform the best premium platform out there we have real, dangerous competition. Their platform is inherently different and not as flexible but they have a boat load of cash and an army of developers - they also have a massive base and market penetration level in terms of awareness...so BGT is no longer the only (real) place to go for premium sites! BGT need to bring their A game on this one from a product perspective and also from a business perspective... But BGT will likely get massive waves of new customers wont they? Yes but do we WANT then??! I dont think so - not for free anyway - WHY? Well, quite simply because our model is not and never has been the same as Ning's - if we take on 300,000 free networks tomorrow and add 100,000 a month from then on guess what, we'll be in the same mess as Ning are right now in 2 years time - if we ever get that far - i cant see UK investors throwing £100M at a company that is proposing to follow in the footsteps of a competitor that proved quite eloquently that the model fails! So what do i hope they do? I would like to see BGT react in kind to this turn a round from Ning. As has been mentioned on the other thread, i'd like to see BGT make some revenue from the free sites they acquire from Ning be that via a managed integration or something else along those lines - WE DONT (imo) want to dilute our current % of premium networks becasue all that does is tell the market that we are NOT focussing on premium networks... Finally, I think, as per other post that BGT should still think about charging customers (all). It is true that we are not as large as Ning and changing the model may have a big impact on our numbers BUT this time we have a catalyst...That catalyst is Nings decision. In essence, if a decision to charge $1 would mean 80% of our number dropped instantly that may have previously been a disaster in terms of PR etc. However, with potentially 100's of 1,000s networks being dumped off Ning, all we need to do is charge ALOT less than Ning and these sites may just see SG as the lesser of two evils - not ideal to be perceived in that way (you'd ideally want customers to be very enthused and happy about joining) but hey, we are here to make money - not to provide a home for anyone who wants a free network. If Ning members are stuck between a rock and a hard place, they may opt for the "hard place" because they know a rock is solid - the hard place could be a number of things, non of which as hard as a rock... In my opinion, having a Free option is not as important as it was last week becasue there is not going to be a free Ning network for people to go and create instead - so it will (or rather could) come down to who provides the best, most cost effective premium network - Ning or SocialGO. With Ning pushing all of their Free customers out to market, what is the point of SG continuing to offer a free option. It was only ever their to offer people a "taste" that would hopefully move them up the value chain. Well, Ning has given them a taste for us so we dont need to - migrate them up the value chain with a BETTER PREMIUM PRODUCT than Ning straight away and do away with the Free option imo - I mean, even if we only got 3% of the networks that Ning will cull onto our premium product (or a cheaper variant) thats still many multiples of our current install base. It seems a no brainer for me but then im wired on coffee as im working on something big just now so have been putting in the hours :-)... So in conclusion I am posing this question and i only really see two options. 1/ Should SocialGO open the doors unconditionally to Ning (free) customers and for that matter keep their own Free service? 2/ Should they can their Free offering too and start charging - even if only marginally? I guess there is a third option of taking them as free but with a view to charging further down the line when they have critical mass but that is something they would probably not publicly state until just before the change so we wont know...Welcome any thoughts from our regular posters... |
Posted at 12/4/2010 22:24 by the analyst I guess that at this stage, none of us know if a trading update would do good or bad for the share price, which presents a conundrumIf it were that releasing an honest trading update would result in a price drop, then I prefer them to raise funds first at 1.25p, then update the market after Conversely, if an early (pre-results) update would result in a price increase, then I'm all for it prior to raising funds So, the question you have to ask yourself is whether pushing for an early update (pre-placing) would be good or bad for the share price? I'm OK with one final 1.25p placing, but not so happy with pushing the share price down and then placing shares at a discount I'm confident long-term that they can build a highly profitable business, but I would only push for an update if it would guarantee a share price rise.... |
Posted at 22/3/2010 08:26 by carl79 TA - I think that what WL asked for was a bridge to far. For all we know, they wanted a large salary and may not even have been prepared to remain exclusive SG developers...At the time - and even now imo, I would think it more important to ensure that conversion (to premium) is maintained and then increased...once they know how to do this, then they can look to adding more fancy functionality and of course be in a better position to pay for it. I don't think it would justify paying out multiple £k's developing something primarily for premium sites when you only have 500 on the books...of course, 2,000+ and it becomes more attractive...I guess what i mean is that there is no point buying a new suit and getting too dressed up for the dance when you have not yet been invited...With reference WL ability - yep, they are clearly gifted developers and their apparent mercenary attitude makes me think that they would have no problem doing much more work for BGT if the price was right... The placing price (lets assume there is a greater chance of a cash call than not) will most likely be at sub 1.5p unless there is competition for the stock and BGT can charge a premium. They will not, (as a group of directors etc), pay over the ods themselves unless they absolutely need to - why would they? I'd love to see BGT come out and say that they are doing a placing at 100% above current trading levels for obvious reasons, but i will not be surprised if they don't and i wont get angry about it...but after this round of cash, i will get very irritated if they don't start growing the share price and returning value to us holders... |
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