Silver Bullet Data Servi... Share Discussion Threads

[chester9] 24/10/2024 06:42

Agreed they should have faced into that by now it's 8 months away. Revenue growth awful H1 and no figures for H2 just September very good. Shops take a lot of money on Bank Holidays when it rains. The next weekend they are quiet, as only so much money to go around. Where is the revenue growth and how much.

[chester9] 24/10/2024 06:37

I hate TUs like this.Great September strong start to H2. No figures. We have a debt facility based on receivables but that costs money, finance costs up 50% in H1 so expect same or higher. November and December positive EBITDA. If DEP/amm etc 830k in line with last year. Then expect loss for year 1.6m. The wording "eliminates the need for any additional funding to cover operational working capital" unless of course something sits outside operational needs. It's too vague still.

[dean44] 24/10/2024 06:31

Carefully worded rns, 'cover operational working capital'.

How about the £2.5m convertible loan note due in June 2025. How will they pay that?

[aishah] 24/10/2024 06:18

Trading Update:

Silverbullet has achieved record-breaking monthly revenue in September in line with management expectations, providing significant confidence of trading EBITDA positive from October.

Silverbullet has successfully secured a working capital facility allowing the Company to fully execute its growth strategy through FY25.

As mentioned in the Company's interim results published on 11 September 2024, the second half of the year has started particularly strongly, with new global contracts and strong visibility on full-year revenues. This momentum has continued as the Group delivered record-breaking revenue in September 2024 and remains on track to achieve an EBITDA positive run rate from October 2024 onwards.

The Company is also pleased to announce that it has secured a new working capital facility, ensuring support for its growth strategy through FY25. The funding takes the form of a receivables backed revolving credit facility, initially for £2m with up to £4m available over 24 months with eligible receivables over both UK and international invoices. The Board expects the facility to provide sufficient working capital for the business as it achieves its goal of an EBITDA positive run rate.

Ian James, CEO of Silverbullet, commented:

"We are delighted that the Company has continued to secure new global contracts resulting in a record trading month for the business. In addition, the new working capital facility announced today eliminates the need for any additional funding to cover operational working capital, providing a strong foundation for continued expansion."

[watfordhornet] 24/10/2024 06:17

I guess cash raise was expected.Chunky amount though

[jailbird] 22/10/2024 12:32

No other negative news could also mean, it went down on forced selling

For now, only issue is cash requirements in short term

Just need to look at if cash required for continued growth or to survive. The former at present now

[chester9] 22/10/2024 10:08

This keeps ticking up on no news other than spreadex getting out. No news means no reason for share price to go up. Raise finally incoming or contract news?

[jailbird] 18/10/2024 15:26

L2 tick up .. 3v1 SING moved up to bid Having been out of the action for a few days Let's see what next week brings

[aishah] 18/10/2024 14:15

Overhang remains if they want to exit completely. Company silent so assume no material change in outlook.

[jailbird] 18/10/2024 13:51

that means sold 832k of their holding

[t-raider] 18/10/2024 13:11

Holdings rns out.. below 3%. Won't hear anymore now...

[t-raider] 18/10/2024 08:40

The lack of liquidity does make this a fast mover. Not drawing a comparison, but watched SALT fly yesterday. One that has had a similar performance to SBDS over the last 12 months.

[qs99] 18/10/2024 08:32

IMO looks like the seller has cleared? DYO, no stock around but could be a decent opportunity? Views? DYOR

[parsons4] 18/10/2024 08:07

I already have lots !!

[jailbird] 18/10/2024 07:37

Gone NT to buy now for me anyhow

[jailbird] 18/10/2024 07:37

Parsons,I agree , if indeed a forced seller.

[parsons4] 18/10/2024 07:31

Well it looked like the balance of Spreadex stake was sold on the 15th !! but no RNS. I just wonder if this was not the shareholder putting the remaining shares into either a SIPP or another vehicle to create a taxable loss prior to the budget. An RNS would then not be needed. There were 2 other deals totalling 750,000 done at that time also. It does look to me that the fall was all about one shareholder running into trouble and needing to sell. If this is so, it explains the absence of an RNS !!

[jailbird] 17/10/2024 17:43

Yes but does not take away the fact that, cash is needed . As long as revenue trajectory is intact , I will have no problem with a small raise Be nice to hear of it with contract news though Also I wonder who bought up the Spreadex holding , be good to hear if BoD bought some too

[t-raider] 17/10/2024 16:40

Famous last words but feels like we're climbing off of the bottom now..

[jailbird] 17/10/2024 13:07

Ticking up on L2 now Chunky buys clearing the overhang

[jailbird] 16/10/2024 14:42

Correction 4p then 6p

[jailbird] 16/10/2024 14:41

See house broker ZEUS is pushing the bid higher now6p ahead all the others !

[jailbird] 16/10/2024 14:22

But you find forced sellers normally do There reasons to sell , unknown to us

[jailbird] 16/10/2024 14:05

Parsons Yes good point , willing to take big loss !

[t-raider] 16/10/2024 13:59

A catalyst for a material bounce is called for now !