Ft Fbt Discussion Threads

[chriscallen] 19/2/2019 22:15

But several "large" contracts were mentioned last November. Remember the post:
"15 Nov '18 - 11:20 - 3858 of 4389
Thanks guys!

He also stated during Q&As that he expects to complete on several large deals in the short to medium term.

seven figure annual revenue was a large deal"

It must have been the case that IM was already talking to these prospects so there was whatever lead time that had occurred up to 15/11 and another 3 months since. Perhaps somebody should have asked what he meant by short term?

[nickb] 19/2/2019 21:24

Big contracts take ages and we have little control on the timing.

[nickb] 19/2/2019 21:21

He said so on social media.

He is back for next weeks BVE show in London doing a presentation.

IM is certainly putting a lot of effort in.

[sickness] 19/2/2019 21:13

Where did you see he’s in the states?

[paulcon1] 19/2/2019 20:53

ChrisC

Agree, I think it will, also, give everyone at FBT a big lift to know they can land a big contract.

Here's hoping!

GLA

[aimster4400] 19/2/2019 19:40

Imo there's no way the CEO is in the US this often just drumming up business especially as he already has a senior team there. There's more likely something big in the offing. If we see IM surrounded by a team of lawyers in Twitter then it's dollar signs alround!

[chriscallen] 19/2/2019 19:09

The fact that Jeff is in the UK but IM has chosen to be in the USA is indicative that he thinks he needs to be there more than in London and he is using Jeff as cover. So perhaps the long awaited contracts are beginning to move up the line? It would give everybody on this BB a great lift to know they can win large contracts rather than tiddlers.

[nickb] 19/2/2019 16:42

In other news

Despite Brexit
Greggs share price hits all time-high after launch 🚀 earlier of its vegan sausage rolls.

[nickb] 19/2/2019 15:47

Sounds about right.

[gnnmartin] 19/2/2019 15:21

At the risk of being tedious, I return to the adjusted floatation price. I can't find a record of the initial flotation price, but I assure you that (subject to the limits of my ageing brain) the initial flotation price was 20p or 22p dependent on the number subscribed. Such an unusual subscription arrangement, together with the fact that I knew Stephen fairly well after years of Eidos meetings, plus my gratitude for the enormous profit I made on Eidos shares, makes it likely that I remember the flotation. Add to that the fact that I failed to apply in time for the shares and the fact that they shot up more than 10 fold in a matter of days helps to keep the memory fresh.

As I said, I can't find record of the flotation price but if you look at the 2004 annual report (available on the FBT web site) you will see that Vic Steele had option exercisable from 25/1/2003 at 30p, and further option exercisable from 2/10/2003 at £2.175, which reflects the enormous increase in the share price immediately following flotation. Finally in an announcement dated 1/3/2000 various directors bought small quantities of shares at prices ranging from £1.40 to £3.80, showing the violent movement of the share price in the previous few days, and in an announcement dated 27/3/2000 the company called an EGM in part to propose a 5 for 1 split in the shares.

So I repeat my assertion that the adjusted flotation price is between 4p & 4.4p.

[chriscallen] 19/2/2019 12:59

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Great interview last week with Nick Singfield-Strank (left), Head of Technical Production at RDF Television. Nick discussed how they use Blackbird extensively to view, edit and distribute video when producing TV shows such as @Channel4's

[chriscallen] 19/2/2019 10:58

Certainly IM being back in the USA explains why he has gone relatively quiet again. The time difference, especially with the west coast, doesn't help to expedite matters which is presumably why he's gone. He will be acutely aware of what he has previously said about "large contracts" and the annual results being expected in mid March. But there would be virtually no pressure from the likes of Miton if he managed to land a couple of the target contracts before mid March... they do think in reasonable time scales albeit not in decades. But the clock is ticking for results to be forthcoming under IMs stewardship especially as the team he now has are mainly his picks and ones that he has selected to stay. He has made clear progress in attacking the US market but those all important signatures on the bottom line seem to elude him. Perhaps opening an office in California or a US subsidiary might help? (it did with my first employer which had been trying for 20 years to win work there and only did so when they traded through an Inc and with the present POTUS being seen as obviously foreign isn't a good thing)

[bonio10000] 19/2/2019 08:58

No wonder Aziz was so fat.

All those free buffets.

Gluttony is never an attractive trait - especially in one entrusted with third party monies.

[paulcon1] 19/2/2019 08:48

CEO said he was back stateside (in Feb) so an 'aching feet and jet lag' tweet is to be expected...

😉

[bonio10000] 19/2/2019 08:37

Bound to be a Buffalo Sabres renewal in there.

Maybe a tweet on the new series of Gold Rush too.

[paulcon1] 19/2/2019 08:35

Am guessing there will be a myriad of RNS's in the next 4 weeks though!

1 - Notification of results
2 - Cheeky Sweetner
3 - Results
4 - Notification of Share Options

GLA

[bonio10000] 19/2/2019 08:02

So - nearly 3 months on since IM was serenading private investors with tales of 6 and 7 figure deals.

And nothing other than an RNS with a last line it wasn't monetarily significant.

Plus ca change.

[nickb] 18/2/2019 14:31

FBT is not an investment it is a BET on the technology that bet is looking mighty interesting now.

All imho

[nickb] 18/2/2019 14:28

The original investors paid about 20p and would have sold a few months later at 200p

[chriscallen] 18/2/2019 13:32

If the shares were worth £2.50 in 2000 then looking at the RPI £5.00 is about the level now to get investors back to break even. To get a real return of say 5% p.a. over 19 years would require the share price to get to just short of £10. The original investors, if there are any left, would have done better to back stocks like Nestle, Novartis, etc. without any premium for the risk being taken into account. It may well be a winner now but as others have said this is really high risk and was even more so when there was no Cloud on the horizon.

[paulcon1] 18/2/2019 12:19

So if we consider the dilutions, share price for Year 2000 investors to break even - £5.00

I'll take £5.00!! - Thank-You

[bonio10000] 18/2/2019 08:47

The main dilutions being under this board of course. And also due to their strategic errors.

[paulcon1] 18/2/2019 08:30

So just to be clear, the FBT share price has gone from £2.50p - £0.075p per Share over the space of 19 years AND has experience at least 3 dilutions.

OH Dear! I feel ill! 😷

GLA

2000 - 1 FBT share worth - -------------------------------------------------------------------------------------------
2019 - 1 FBT share worth - --

Please note, graphic NOT to scale 😂 😂

[nickb] 16/2/2019 10:25

Dot com days so it probably went up 100% on the first day of trading.

The days when you had to telephone your broker only to listen to on hold music while watching the share price rise 5% a minute and it took you 20 mins to get through😁

Whole generation of investors who have never experienced that!

[bonio10000] 16/2/2019 10:09

Did Gogglebox Iran get cut due to sanctions?