Ft Fbt Discussion Threads

[horneblower] 15/2/2019 18:54

I can't find the actual flotation price but my chart shows that the share price at close of the first day's trading on 29th Feb 2000 was 57p (adjusted for the 5 for 1 split on the 16th May 2000).
That would suggest an 86% reduction in share price.

(The peak price was 252.5p on 24th July 2000.)

[bonio10000] 15/2/2019 18:40

Gogglebox Iran. LOL.What a company.

[paulcon1] 15/2/2019 18:12

Latest FBT Tweet:

Come and see us talk at @BVExpo on 28th Feb about how Blackbird is used in the cloud video workflows of some of the best known TV shows! #BVE2019 @envypost @C4Gogglebox #DelhiCops #GoldRush #postproduction #cloudvideo #FBT

[gnnmartin] 15/2/2019 17:28

Mcs, I think FBT are standing at about double their (adjusted) flotation price. If I remember correctly, they floated at about 20p or 22p, shot up immediately, and had a 5 for 1 split, so the adjusted flotation price is about 4p.

I had got to know Stephen having been a shareholder in Eidos from the very beginning, and he kindly sent me an invitation to subscribe to the initial float of FBT. The offer was something like up to 20,000 shares at 20p or up to 50,000 at 22p, and I was so fazed by the idea of charging more per share for those subscribing for larger quantities that I did not get round to applying until near the closing date, only to find the offer had closed early being over subscribed. All this from memory, so the fine detail may be wrong, but I'm fairly confident about the 20p/22p floatation price.

[mcsean2164] 15/2/2019 14:55

I forgot about the logo and the weird new brand name. Anyway, quite a tenure. Hope pat_cash's prediction comes good. Asos to beat!

Interesting article :

Over the past 20 years, investors would have lost money in 72 per cent of all the companies ever to have listed on Aim, according to the professors, who were part of the team who designed the FTSE 100 index.

Analysing data on the 2,877 companies which have listed on Aim, they calculate that in more than 30 per cent of cases, shareholders lost at least 95 per cent of their investment.
Admission date 29 Feb 2000

I can't find the flotation price but seems to be 57p. Initial investors have only lost about 85% of their investment, so we're in the 70% that haven't lost 95%, I think, although that quaote may not be base on initial flotation price

[pat_cash] 15/2/2019 13:05

From now, I think this company is going to be the biggest success story the AIM has ever seen.

[bonio10000] 15/2/2019 11:28

Yep

But he has also updated the forscene logo to blackbird and dug up a 2012 presentation with Jai Cave.

[bonio10000] 15/2/2019 10:16

I assume you mean Nickb?

He was banging on about a move to adoption years ago.

Just that nobody seems to want to adopt the ugly child.

[nickb] 15/2/2019 10:09

Chris
It’s a very high risk technology concept share at this stage.

No good looking at it as a conventional investment it’s not.

They have delivered great technology and IM is delivering all the groundwork for business growth at the beginning of a huge growth market for Cloud Video Editing + our unique Viewer for consumer content.

If it was a great success now you would not be able to buy the shares for 8p

We investors take the risk for the big rewards

[paulcon1] 15/2/2019 10:07

Bonio

And some posters will drag out the ' disruptive technology' and 'the industry's move to the cloud is finally here' and 'past results are no indication of future performance' comments out of the closet.

😂

[bonio10000] 15/2/2019 10:00

I'll make a note for the big day.

"market leading"

[paulcon1] 15/2/2019 09:51

'These are exciting times for FBT'
'Our clients are unanimous, FBT tech is a game changer'
'We do not envisage a fund raise in the near future'
'Target profitability in 2020'
'Although revenue in 2018 was disappointing and expenditure increased exponentially, the board believe that we have a strategy that will prove successful in the future'

😂

[bonio10000] 15/2/2019 09:39

Results bingo:

MSG
Deltatre
Emmy awards
Town news
Successful placing
Increasing adoption
Focused
Preferred measure
Deferred revenue
Building blocks

any others?

[chriscallen] 15/2/2019 09:28

Whilst the Investors, like the orchestra on the Titanic, play on the clock ticks away remorselessly. If they have the same timescale as last year we are now 18 days away from an RNS.... announcing the date of the release of the Annual Financial Statements (only fantasists would have thought I was leading up to announcement of a win(s) involving substantial money)and 28 days from being able to find a comfortable chair to see if there is any grain of comfort when we read the figures. It definitely won't be in last years results though the CEO might well point to big exciting opportunities that are imminently about to be signed... possibly... perhaps... Ah well, 2020 might be better.

[nickb] 15/2/2019 09:05

Surely it’s now up to the customers to sign up?

IM has in my opinion done some excellent foundation building work on the sales business side in the US it’s never looked so good but the big sales breakthrough still awaits.

[_m_k] 15/2/2019 09:00

Suggest making it shareware - if you buy shares you can use it!

The editing capability went live with paying customers in 2007 and over time it has been enhanced in various ways in terms of supporting infrasructure (MAM, watch folders, edge server etc), a facelift of the editor, more recently the java script support and of course continuous improvement of the core video codec.

A major issue has been adoption of cloud as a way to do business. It's happening but slowly. Most commercial firms still use MS Office for example I bet. I guess post production is no different, slow but sure. My daughters school uses Google docs across the board so things can and will change I believe.

The big cloud storage firms are a major target and a java script editor is a great fit with 93pb added to YT each year alone.

I remember a hassle for using FORscene initially (same goes for any cloud service) was having to upload content to the cloud. Once the content is in the cloud however (and this is I expect going to be more the norm going forward) you have the reverse problem for desktop editing - you have the hassle of downloading it in order to edit it :-) so this works against the likes of conventional desktop software or companies with clunky cloud solutions.

[horneblower] 15/2/2019 00:44

I'm purely a chartist and I can see from the chart that there SHOULD be a push up towards 12p-plus, in a few months time. However, 40p and more is where the share price COULD go if the company starts to get its act together.

It HAS the potential. Does it have the balls?

[nickb] 15/2/2019 00:20

All those massive companies have poor Cloud Video Editing Tech while ours is so next generation true Cloud native.

Motoring Analogy
They have made a faster horse that works in the Cloud we have built a lightweight Tesla for the Cloud

Imho of course😀

[nickb] 15/2/2019 00:09

Chris

The 3 Editing companies are

Avid...no money and they have their own Cloud solution.

Adobe plenty of money and an easy fit
But they have a very clunky low tech solution called Rush plus a small company called BeBop have Cloud virtualisation technology that is causing a lot of interest amongst US editors so Adobe appear more aligned to virtualisation of its software it appears but that could change of course.
Very easy business fit for them to buy us as they have the clients and our latest update plays better with the Adobe platform and Microsoft Azure is Adobe’s Cloud provider.

Apple
Highly secretive but they do appear to be working on some kind of Cloud video editing solution. But it’s Top Secret with Apple so who knows if they are interested in us.
Aziz bigged up Apple/ BBC PoC (rumoured names) but nothing came of it at least for now.

Cloud providers

Are Amazon AWS No sign of interest.

Microsoft likes us

Google used to like us 10 years ago!
Big changes at google going on and IM Knows the top person to talk to.
Google see Media as a key Cloud vertical to chase.
They also have YouTube so you’d think they would be checking us out.

But so far as we all know nothing!

Nevertheless we are in interesting times indeed.

Past performance is totally irrelevant here.

[bonio10000] 14/2/2019 21:22

That minimises Miton and management returns. They could have sold years ago and not issued options and new shares like confetti.

[paulcon1] 14/2/2019 20:40

Agreed, the best option for ROI for LTS is a company and/or codec sale to a major tech company, however all the rhetoric out of FBT suggests (to me) for the next 18 months (or till the money runs out) they are 'going it alone'

IMHO

[chriscallen] 14/2/2019 20:15

The problem they have it seems is nobody wants to buy it. Yet all the users say its a very good product. But what if one very large company attempted to get exclusive hold of it? Would all the others be happy to see a big player rolling it out? Probably not. So IMs strategy to maximise shareholders return is to entice a major player into making a bid. The others cannot allow this to happen unless they can guarantee that they will not be frozen out. That could precipitate a mutual bid by all players who see the value of Blackbird.
So which of the big players could be persuaded to make a deal that locks out everybody else?

[nickb] 14/2/2019 19:50

It’s not been a commercial service for 19 years it’s only just out of the labs!

Many years of development with some useful sales that have helped the development and real world user tests

For me the Technology / Product launch happened with java script version.

Plus Cloud didn’t exist for the media industry and it’s like a supertanker for it to change course and adopt Cloud but it’s finally ready

Still waiting signs of real adoption of our technology sadly.

If IM can’t get them to sign up I don’t think anyone else could I just hope he doesn’t give up yet!

However it could be exciting times and a great future ahead.

Jam tomorrow share!

[paulcon1] 14/2/2019 19:36

H/Blower

Agree with your sentiment, except for the fact it is woefully slow to watch as a shareholder and I am not fully aware of FBT's strategy and confused by their lack of marketing, I think the CEO has the skills and enthusiasm to sell the FBT technology to the masses. (After 18 months he does need a sizeable contract win though!) and he seems a good match for Mr Streater's tech producing capabilities.

The Tech seems both a game changer and readily and easily accessible to/for a multiple amount of sectors.

- The Newsletter posted to 1000's of video professionals
- Stateside visits to meet clients
- NAB and other Tech show appearances
All show they are doing the right things and should pay dividends long term.

The past has been painful and frustrating, more so for the staff at FBT, My hunch is that the upgrades to the tech (soon to be unveiled) will show the tech to be 'must have and too good to ignore'.

One eye watering (financial) or eye catching (marquee company) contract and FBT will be flying.

IMHO