Bright Things Share Discussion Threads

[norbus] 16/4/2010 06:02

Ning Exodus to GO ? that ought to be worth a hike in the share price

[the analyst] 16/4/2010 05:39

Watched the video about the GOIM, looked OK to me as an early product. Yes, main thing is that it works seamlessly and without bugs

Also noticed a podcast presented on vimeo

[carl79] 16/4/2010 02:46

sorry -

link for above :

I wonder what he means by "new wave"??

[carl79] 16/4/2010 02:43

Hi TA, yes, the new one. It looks ok but it is not a smooth / exciting to use as i'd have hoped but its early days - if it is functional and not buggy then thats the main thing...

[carl79] 16/4/2010 02:41

SocialGO. A better choice.
By Alex H
We are delighted to welcome a new wave of network owners to SocialGO today who are interested in building communities on our platform.

When deciding where to create a community online it's important to choose a platform which gives you simple and straight forward guarantees on how your service will be managed and how access to your data will be maintained.

At SocialGO, we have always been focused on creating a platform that is open, honest and designed around you. We haven't constantly changed our business model, shut of our API's or expelled developers and this has meant that our network owners have grown to trust and rely on our service.

We look forward to bringing some real innovation to our space over the next year as the SocialGO team sets out to redefine what is possible in niche community building.

PS. GO IM Premium with all the goodies you can see here is coming next week!

[jas0701] 15/4/2010 23:26

Been in this from 14p about 4 years ago.
Not sure about 5 bagger?

Jas

[the analyst] 15/4/2010 23:09

Hi Crownsucks,

Can I ask who tipped BGT to you and why? I've not seen it tipped anywhere

Five-bagger is possible, though most of us think they will need to raise more funds.

If they get to break-even within the next year, I think they will do very well. Personally, I'm expecting them to 10-bag, but I appreciate it could take a long time and it might require quite a bit of luck along the way. This is a high-risk / high-reward company that trades in a very competitive sector

[the analyst] 15/4/2010 23:08

Hi Carl,

Are you talking about the new GOIM Premium? I didn't manage to take a look at it yet, but yes, speed is really important and it probably needs to look the part too

I guess that when you look at any tech widget these days, the bar has been set by Apple - they need to look good, work well, work responsively, be highly intuitive to use....

If they fail on these counts, people look at them as being second rate

[carl79] 15/4/2010 17:47

what did you think of GO IM...it is no where near as crisp and clean as i would have liked...its just "ok"...but it is still in BETA. In terms of the basics, it is very exciting...my issues are more to do with aesthetics and speed

[the analyst] 15/4/2010 16:48

Lots of good stuff in today's SocialGO newsletter...

[carl79] 15/4/2010 11:32

Hi Norbus,I can all but guarantee that if a placing is announced you will be able to buy from the open market at or at least very close to the price - of course maybe not in the millions but if you want say £40k of shares then i'm sure making yourself known to the company as a serious investor may help you in acquiring a block. I have always managed to buy below the placing and take a few 100k easy but I have time to pick and choose my buying moments...not as easy if you dont have that ability. So, for me, the complaining about placees buying lower than us does not wash - for the most part they pay more per share than we can...BUT, what does irritate me is the requirement to buy more to maintain my level of dilution - we all want a £100M CAP but if they achive it by issuing 10Bn shares who gives a stuff! I used to have a sizeable holding, just under needing to declare but I have not maintained my level of dilution for one reason or another, namely it was near impossible to lose money around 8-12m ago in the FTSE100 so I put funds there as opposed to here safe in the knowledge that if i called it wrong, i'd still own a large and probably viable company not likely to go bust (eg KAZ, BT.A, LLOY, TSCO, TATE etc) - im glad i did, for obvious reasons...

We put up with dilution if there is light at the end of the tunnel and I think that there is but it can not continue ad infenitum.

Yes TA, I also picked up on that.
Good to hear the 'concierge' plan is popular - I wonder how many have bought it? It will certainly held the RPU. I can only imagine how this would rocket if they said they had broken even with a continuing revenue growth projection - eg profit in the preceding 12 months. It would be the best news BGT had released since my involvement and i'd buy a load on the back of it as im sure others would...

[norbus] 15/4/2010 10:53

If these guys are not dunces, they ought to give the share price some cheer.

Maybe no need to raise more till Sept, with Dom & Vickram giving the company an understanding that they will buy at 1.25 again. That is ok for Dom & Vic but not for us. Unless we are offered at same.

[the analyst] 15/4/2010 10:21

As it seems they are aiming for break-even before V2 is released, we could hope for it within a year from now. That could still involve raising another £1 or £2m, depending on how they intend to get there (more employees, more marketing), but it is very good to hear break-even mentioned.

Maybe they hope to get there earlier than 2011, though, who knows? My target for break-even remains as summer 2011

Good to hear the 'concierge' plan is popular - I wonder how many have bought it?

[the analyst] 15/4/2010 10:16

"Should have been a conductor"

True, but I'm also seeing potential as a creative sculptor or a potter, if he suddenly loses interest in being a web guru

[norbus] 15/4/2010 10:05

Should have been a conductor with the hand movements. Have not seen Alex before but seemed confident. growth is relevant; he also said niche, and seemed unafraid of Ning; could be Vickram opened wired door.

[carl79] 15/4/2010 08:53

Thanks TA - I toook exactly the same message from that as you!

Break even was mentioned BEFORE the next version of the platform which i can only assume is V" (which seems a year [or so] away) "so I think break even, the next version of the platform and lots of little things as well that we're doing all the time...."

Maybe they are doing better than we are thinking - didn't sound like a soundbite from a company haemorrhaging money hand over fist and about to come cap in hand for more...We also got wind of "milestones" which is something i said we needed if we are to keep shareholders on board...now if they start formalising those - ie tell us in RNSs what they are planning to achieve, by when and then how they got on, I think we would see some real share price progress...

A part of me thinks that of course, Alex needs to be upbeat but i certainly got the impression that as far as b/e goes, they are not a million miles away...lets see how it all unfolds - it will at least be a good indicator of how transparent their public statements are - ie if they announce a need for £1M tomorrow I may start filtering A LOT of what they say publicly as it would appear to be spin, BUT, if they don't require cash for a good while, then I can place more stock in what they say in press releases and if they are positive, I can assume things are going well and treat my investment accordingly - i'd love to buy more but await some more clarity on performance...

[the analyst] 14/4/2010 21:46

More references for that piece:

[the analyst] 14/4/2010 21:39

Nice comment from Alex in that video:

"Every month on month our business is going up and our sales are growing. It's all going in the right direction"

We have already had that snippet from Dom recently, but it is good to get it confirmed once again. He also mentions that every month they get closer to break-even. Of course, that could mean anything and "closer" doesn't mean "close", but it's another decent sounds bite to be had, that will help influnece anyone thinking of starting a network, or perhaps, potential investors

Alex's main two points when asked about his vision of the future for SocialGO:

1 - Breakeven
2 - Next version of the platform (within the next year)

[the analyst] 14/4/2010 21:36

Great to see this on Wired TV, Next Web and Tech fluff:



Excellent PR, imo

[the analyst] 14/4/2010 09:28

Ning availability metrics - 99.999% uptime in March

[the analyst] 14/4/2010 09:27

Nings new video chat widget:

[carl79] 13/4/2010 18:57

ha ha, wish it were that easy (AND FUN) to keep track of BGT premium networks...

[the analyst] 13/4/2010 18:23

Back in the early days of asos, a few of us used to put orders in to keep a tally on sales. It worked beautifully.

Of course, it was much more enjoyable with them, as they were growing sales so quickly each time we put an order in we were blown away with the figures...