Trading update RNS 21/07/2020

Latest Official Bidstack News (RNS)
sectornitad
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Re: Trading update RNS 21/07/2020

Post by sectornitad »

... I consulted for a pretty crappy tech company in 2013. It had sales of £30m and needed 60+ staff to make a poxy £4m** profit annually. It was sold for £20M to a bigger company. It had a small growth potential and almost no synergies with the bigger company.

Edit... sorry meant 2m profit, not 4m!



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mike
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Re: Trading update RNS 21/07/2020

Post by mike »

The valuation of Bidstack definitely feels off...at least to those that know the real potential. Unfortunately the market just doesn't want to repeat the same mistake of 2019... Aim Share of the Year and all that...

This time last year I wouldn't have imagined I would be sitting here with just over 1m shares in the company (0.26% of the overall stake). Pretty mental.



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Re: Trading update RNS 21/07/2020

Post by Nickfletch70 »

@mike and what a once in a lifetime opportunity

I don’t know how old you are but imagine in years to come explaining to your grandchildren about Bidstack and that’s why they live in a castle, and the winners of that years Formula 1 , Drapers Breadcrumbs Racing is owned by JD himself

:D



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mike
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Re: Trading update RNS 21/07/2020

Post by mike »

@Nickfletch70

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Re: Trading update RNS 21/07/2020

Post by Nickfletch70 »

I’m sure you will be able to afford your own horse @mike come on....seriously? This is your Grankids we are talking about

:o



sectornitad
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Re: Trading update RNS 21/07/2020

Post by sectornitad »

Yes, the valuation is most definitely “off”!! I like the understatement..

I almost reckon that if we wake tomorrow with an RNS saying “Bidstack signs three year exclusive in Fortnite, CoD and Hyperscape and Fifa” the market would open with some dimwit offloading a load and then putter around for eight hours before closing neither up nor down... such is the lack of awareness out there!



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mike
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Re: Trading update RNS 21/07/2020

Post by mike »

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Re: Trading update RNS 21/07/2020

Post by sectornitad »

While I generally would rather JD is focussed on the business, at some point it is worth taking a week out to do the financial PR rounds and interviews. Tell the world what he is building and why they should care.. it is technically part of his job spec..



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Re: Trading update RNS 21/07/2020

Post by Mr_Chow »

I think sentiment has to change in the wider market. Probably a bit of hang over from the placement and a lot of short term flippers who got in low looking to exit.

Once the market believes they are back on track investors will be buying and holding for a run. Instead of cashing in 4.2p to 4.6p at the first chance.

AIM doesn’t have as much professional money looking out for value and ‘correcting’ the market when a stock is under valued. I don’t think the average AIM investor looks past the tipsters and some pretty vocal doubters remain.

Wouldn’t be surprised at all if those tipsters will be accumulating their position currently and waiting for enough good news to put together a video saying it’s a buy again. Just remember to cash out when the valuation gets silly as the broken market works both ways!

Markets get valuations very very wrong. Anyone seen The Big Short’? We’ve got to the bit where mortgage defaults are up but the bond prices keep rising. A correction is coming, just need the wider market to catch on.



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Re: Trading update RNS 21/07/2020

Post by lukehold »

CDOs are Dog shit wrapped in cat shit - great film :lol:



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