Ft Fbt Discussion Threads

[paulcon1] 05/3/2019 08:34

Good news and congratulations to the FBT team on its first multi-year contract with IMG. As confirmed in the RNS this is an extension (and expansion) to the existing contract.

Timing is 'dubious' as many on here had predicted such FBT 'pre-results shenanigans' but hey ho, better than no contract wins.

Should not be one of the 'significant deals' suggested by the CEO as it is not new business.

Good luck to all shareholders, this next week or so, it could get rocky.

[bonio10000] 05/3/2019 07:46

As predicted.Good old IMG and their short term contracts requiring frequent renewals.I know each contract is discrete business and needs an RNS but it is farcical after FY results announcement and prior to the actual results.New board, same tricks treating shareholders like mugs. Low 6 figures over 3 years? Wow....

[nickb] 05/3/2019 07:38

Chris
We will have to agree to disagree then but as far as I’m concerned this is not really PR but an extended contract win announcement.

U.K. Regulatory announcement.

[chriscallen] 05/3/2019 07:26

NicKB Sorry I don't agree with you. PR is all about the relations a Company has with its shareholders and a much wider audiance. FBT has been truly awful in the past, falling short of the expectations it has created on almost every single occasion and creating a major credibility problem. Here we have IM saying publically that he expected to close several large deals in the short to medium term and then actually delivering one in less than 6 months.I'd say that's great PR and very good news for shareholders too. If he can stay on track we shouldn't forget there was a reference to lots of potential medium sized deals (£100K to £1M) too.

[nickb] 05/3/2019 07:12

Chris
This isn’t PR

[amt] 05/3/2019 07:08

Blackbird is gaining traction in Europe and particularly, North America, where we work with leading companies in sports and media.

[chriscallen] 05/3/2019 07:07

What a surprise! They seem to be getting their PR together at last. This could be one of the "several" large deals mentioned by IM but even if it is that leaves 2 more to come before next Thursday. What odds the share price falls today on past history?

[sideshowbull] 05/3/2019 07:04

Groundhog day.

[geheimnis2] 04/3/2019 22:53

I think I am correct in saying that FBT share price has never risen on the announcement of results....

[nickb] 04/3/2019 16:13

Chris
Just don’t be disheartened if they don’t announce anything with significant revenue.

Financial results day has always been met with great dissatisfaction.

Investors only want to see solid financial progress they’re not buying technical progress.

They should sell out to a Microsoft or Google if they can.
IMHO.

[chriscallen] 04/3/2019 15:35

NickB I am not saying that an announcement would be delayed for months but it could be managed for a few weeks if that helped presentation. The fact that it's the Cheltenham Festival will lure some people away from their screens which might dull the pain a bit. To be honest I'm surprised they didn't bury the announcement by putting it out on Tuesday 12th. We both think that the losses will increase though with TownNews kicking in for 3 mths it might not be quite as bad as I initially feared.
Getting announcements of good news out would be a sign that the company was managing that aspect of its affairs something that is has been woeful at in the past... though I confess that I struggle to find more than an occasional ray of golden sunshine that they could have used effectively in the last 12 mths.

[_m_k] 04/3/2019 15:05

From memory new business announcements have tended not to coincide with results release. There's always a first time I guess.

[nickb] 04/3/2019 14:33

Yes but that would be an announcement for NAB time in April I doubt any large potential customers would agree with holding out on industry news for our results day.

Wishful thinking that they are going to announce a major revenue deal on results day to cover up bad financial results.

Our costs must have increased substantially I reckon so Forbidden Technologies posted increased losses
will be the headline
I would guess.

We shall see.

[chriscallen] 04/3/2019 13:34

NickB The contract isn't signed until it's signed... but it can be signed off by both parties and then held in escrow by the lawyers usually by making it contingent on some other event that is time limited but certain. It just needs a very little imagination.

[paulcon1] 04/3/2019 11:35

Interesting week or so ahead!

GL

[nickb] 04/3/2019 11:23

How can they hold back any significant revenue deal announcements from the market that’s not allowed as far as I know.

[chriscallen] 04/3/2019 11:14

Well spotted Nick. Now the only significant unknown is whether they have signed any deals that they have held back.

[nickb] 04/3/2019 11:03

12th of March

[paulcon1] 04/3/2019 10:24

McSean

There is a possibility that the results under Ole (IM) could be worse than the results under José (Aziz)

GLM

[bonio10000] 04/3/2019 09:54

I think they have given up on it.

In which case just pull the website.

Fits in well with this and the fund raisings.

800 registrations a week with no marketing but we have no revenues? Epic.

Forbidden Technologies PLC

30 March 2016

30 March 2016

Forbidden Technologies plc

("Forbidden" or the "Company")

First Captevate Customers

Forbidden Technologies plc (AIM: FBT), the AIM-quoted owner and developer of Forscene (the market-leading cloud video platform), Captevate (the consumer video editor), and eva (the video social network), is pleased to announce its first paying Captevate customers and a stable but modest customer conversion rate.

The Captevate online video editor is designed to make video editing simple for everyone. It is in a rapid and continuing development programme, with new features released every two weeks; a process which will continue for the coming months in a 'perpetual beta' programme.

Captevate's organic Google rankings have been impressive, with www.Captevate.com ranking in the top 10 search results for more than 650 keywords. The site visitors from these searches generate more than 800 free trial registrations per week, a number which has increased month on month. So far, more than 30,000 people have registered for a free trial of Captevate.

Since the beginning of March, Forbidden has been testing monetisation models using multivariate testing methodologies. Despite the embryonic nature of the product, Forbidden has now achieved a modest and stable customer conversion rate (the percentage of people who start a free trial and then convert to paying customers).

With fewer than 60% of its final features fully implemented, the product's continuing evolution - and testing of further monetisation models - is expected to lead to further increases in the overall customer conversion rate.

Jovana Ljiljak, General Manager of Captevate, said:

"When people use Captevate, they fall in love with how easy it is to make amazing videos. My team and I are working really hard to add features which will drive conversion rate. With this process, I am confident that Captevate will make a meaningful financial contribution in 2017."

Aziz Musa, Chief Executive of Forbidden Technologies, said:

"Captevate has such incredible potential, and the customer engagement data is impressive. With all three of our products now contributing in 2016, our future looks more exciting than ever before."

[mcsean2164] 04/3/2019 09:52

Captivate was renamed Onlinevideoeditor. You can get a free security license from cloud flare (https) otherwise the site is flagged as unsafe. Fbts onlinevideoeditor site is unsafe. About £60 a year would easily cover the cost.

IM clearly doesn't know java from html and neither do marketing so it appears.

[bonio10000] 04/3/2019 09:33

I thought Captevate was getting generic clicks, usage and revenues?

Clearly more economy with the truth.

[mcsean2164] 04/3/2019 09:29

Chris,

Given the state of

eva

onlinevideoeditor


Their social profile.

I doubt it. The most baffling thing of all, what is their sales and marketing department achieving?

S

Paul,

Currently doesn't look like IM is Ole Solksjaer....

[paulcon1] 04/3/2019 09:09

No clue, I think the timing of the results may (as you said in a previous post) depend on the outcome and what else is going on ie tech updates/contract wins.

Whatever the result this is the first clear indication of the performance of the CEO and 'his' team.

GL