I am re-posting this with updated details following the consolidation.
For new investors, BID was consolidated on the basis of 680 shares into 100 - a reduction ratio of 6.8:1.
- BID heads: Current no. shares on issue is now 108,923,832
- BIDO is currently in the money. Strike price was 10c now 68c. Currently SP is 100 so options are in the money 32c per share. Number of BIDO available is 4,180,963. This will earn the company almost $3m upon exercising by June. The options will also earn holders a greater fortune once BID announces cash flow positive I am predicting before this date.
Also predicting there will be a major announcements imminently.
_ _ _ _ _ _ _
Anyone else understanding the massive potential here? Aside from the revolutionary BidBilly and its potential that I have detailed previously the highlights are:
- cash burn down 50%
- 27 new enterprise clients so far this year including 12,300 sites!
- Group revenues $4.8m
- Bid ASR up 59% to $2.9
- minimal churn 3%
- meter numbers of over 22,000 which is more than doubling the number this year alone
- cash position is $4.2m
Very active markets throughout Australia, the US and now the UK.
This UK will take off and they are gearing to ramp up sales which is a stepping stone on to Europe.
And as the only RPA player (in the world!) in energy - we already have 70 clients and just in Australia there are 4000 customers!
And the kicker...2019 is all about growth - we will be cash flow positive before 4th qtr 2019. So I expect this to actually happen by end of FY 2018 putting all the BIDO option holders on a course to riches. Similarly the conversion of the options will be massive financial boost to BID - around $2.8m worth will be converted progressively. They are hard to get but with SP increasing the options are gold at these prices.
Finally - along with acceleration into the UK and Europe we have the untapped potential in the USA which will be nothing short of massive this coming year.
Some time ago I picked the SP would hit 10c when we were trading below 1c. Not many agreed.
With all this new potential and varying revenue streams, I can envisage BID as a $10bn company in the making with a SP of $91.80 within a few more years. More ST I am picking a new MC target of around $1bn by end of next year - SP of $9.18.
Watch this space.
