The Brains Trust, page-895

BID

200m shares on issue, currently bidding at 5.9c , last trade at 6.3c , giving it a rough MC of $12m
with cash according to last quarterly of $8.1m, which is a result of the $10m raise they did at 10c not too long ago

Tech Saas software company Bid Energy therefore has an EV of roughly $4m , which I think is extremely cheap for a company that
has big name clients such as BP petroleum, NSW govt, Yarra Water and alliances with KPMG.
reassuringly, client retention has been 100% and hopefully this will also spill onto the upcoming Quarterly


not sure why this hasnt picked up like IAM, CR8 style, considering the backing behind it. although it did float in the midst of the tech down turn.

funnily enough its a Cygnet float, the only one I can think of that hasn't flown at open (1PG, ISX, GSC, FBR come to mind...enough bags there to sink a ship)

meanwhile Cygnet shells such asn TKL are commanding higher EV's than BID... ($7m cap with $1m cash?)

market will pick up on this one in due course I think..