Ft Fbt Discussion Threads

[chriscallen] 21/8/2018 08:22

US multi-year infrastructure contracts means I think embedding your software in the clients systems so deeply that they are effectively inseparable without great cost and disruption. If so it's a big leap for potential clients so I can see why they would take their time. This latest announcement follows a pattern which I would expect to see repeated: year 1 toe in the water, year 2 extend the areas, year 3 full blooded integration. TownNews seems to be in year 2 of this process but well on the way to year 3. It's a pity we don't know about others. Like using Microsoft they become tied in and effectively have to take the inevitable upgrades in future years to keep the system fully functioning. Or does it mean something totally different?

[aimster4400] 21/8/2018 07:57

When they released it last year it was a significant deal so must be over 70k and renewing that is a decent thing, but how many new customers has IM signed? I can only think of 1 which isn't a great return for a years work. Still optimistic on the interims based on the 80% Q1 growth

[bonio10000] 21/8/2018 07:27

You'd defo think the fan fare they give it, the price would be more than our annual turnover.Sadly, £20k is probably about right. Giving it away.

[geheimnis2] 21/8/2018 07:03

10k per year?

[mcsean2164] 20/8/2018 23:52

Bonio,

Credit where it's due, it's a great result for FBT not to lose a client, who knows, they may actually be charging 'iconic New York local sports network'.

[cabi1] 20/8/2018 22:48

IM comments on his LinkedIn page, regards MSG Networks.

Very happy to have renewed our partnership with this iconic New York local sports network (I wish I could say their name but I can’t). It’s a great demonstration of how we are moving our business from purely UK project based work to US multi-year infrastructure contracts. It’s also great to work with a cutting edge team across many US sports that helps drive our tech forward

[mcsean2164] 20/8/2018 20:59

Probably just IM leaving the company or talking about it with the family and friends he talked into buying shares.

New acronyms for fbt...

Fools Buy This!
Farty Belchy Technology.

[chriscallen] 20/8/2018 18:32

Today an existing contract was extended for a third year by a large quoted US Group, widely thought to be MSG. The result was in anybody's terms a substantial drop in the share price. MSG is currently capitalised at US$7,320,000,000. If FBT was going to fold how much would MSG pay to stop it falling into the hands of Amazon, Microsoft or another direct competitor... £20m, £30m or more? If I were the CEo of the Us Corp I know I wouldn't let it go even at the price of £30M if it is as good as it is said and that's in a meltdown.

[nickb] 20/8/2018 16:32

That’s more like it!

[paulcon1] 20/8/2018 15:16

And a 3p share price by Monday!

[bonio10000] 20/8/2018 14:48

Well - that has been the case for 4 years.

Maybe there is an Eva update too?

[paulcon1] 20/8/2018 14:26

Bonio

If you are correct there will be an RNS contract win tomorrow, a partnership deal on Wednesday, a product upgrade on Thursday and (Terrible) Half Year results on Friday!!

😱

[nickb] 20/8/2018 14:05

With the heavy selling going on perhaps more good news might be on the way!

[paulcon1] 20/8/2018 13:56

Chris C


Sorry

Make that -8%

😄

[nickb] 20/8/2018 11:51

Traders selling on the news?

[nickb] 20/8/2018 11:29

Poor numbers upbeat prospects?

[paulcon1] 20/8/2018 10:30

What are we expecting from the Half Year results?

Anyone care to predict?

[nickb] 20/8/2018 10:02

Shows it works and in a very demanding workflow.

[paulcon1] 20/8/2018 09:38

Good news -Well done FBT

hxxp://www.forbidden.co.uk/2018/08/20/leading-us-sports-content-production-company-extends-blackbird-partnership-with-forbidden/

[1cs] 20/8/2018 09:21

Leading US Sports Content Production Company Extends Blackbird Partnership with ForbiddenPR

Forbidden Technologies plc, the developer and seller of Blackbird, the workstation experience in the cloud, has announced that a leading US sports content production company has extended its Blackbird partnership into a third year.
The award-winning industry leader in sports production and content development and distribution which is based at an iconic sports venue in New York, first deployed Blackbird in 2016. Blackbird is now a core part of the cloud video editing, enrichment and distribution infrastructure of 16 of the company's sports channels, dramatically improving the time-to-market of digital content such as highlights and clips of popular sports games and events. Over 500 live games of 10 famous professional sports teams from the NFL, NHL, NBA and MLS are covered annually.
Blackbird has enabled the company to maximize its revenue opportunities through the rapid distribution of edited content to worldwide audiences across multiple online channels. The ground-breaking technology of Blackbird has also reduced the company's reliance on physical hardware allowing staff to work remotely in the cloud from anywhere.
Forbidden CEO, Ian McDonough said: "Working with this client over these past two years has been a fantastic experience for the Blackbird team and I am delighted we are extending this partnership again. They are a trailblazing organization who have not only recognized the unique value of Blackbird but also helped us develop it further to expand into new areas of their workflows which even led to an Emmy award nomination this year."

[sickness] 20/8/2018 09:10

Deal extension announced on the fbt twitter, can't paste the link from my phone.

[chriscallen] 20/8/2018 07:38

It's always difficult to be sure because so much depends on the form the contract takes. If it has a clause enabling the amount of services taken to be increased no RNS would be required unless the amount of the new work is more than the criteria set for an RNS e.g. 10% of turnover since either the winning of the original contract had an RNS or it was below the limits. Even more difficult is the type of latest win from TownNews because there was an RNS, then Buffet placed work on his newspapers with Lee (TownNews parent corporation) and now we have Melville. So should any work from Melville be compared with what was gained last year from that source, with the increased work declared by the RNS, with that work as enhanced by any income from the Buffet deal or as a stand alone? Given FBTs parsimony with news that discloses the value of contracts even by inference I suspect they will default to the "no need to disclose" position unless there is an event horizon imminent e.g.financial results.