Australian (ASX) Stock Market Forum

BTH - Bigtincan Holdings

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peter2 said:
For heavens sake, this dog has fallen 90%. If support fails then this is gone.

They lost money in 2022, and again in 2023.

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Thanks @peter2

One of the funds which follows one of us obviously saw your post as there was some selling for a few days afterwards.

I didn't buy. I wish Mick @mullokintyre well. There is not much change in the sp of this yapper. Hugging 14.5c -15.5c. Not making a profit has never stopped other dogs from increasing their sp. but I must admit that on the chart a move lower looks more likely than a recovery.

bth.png

gg
 
And so it came to pass.
bth.png


BTH one of my picks in the 2024 Year comp has broken down from a trading range quite spectacularly. Thanks @barney for alerting me to this in your Price Sensitive Announcements thread. The PSA thread is one of my go to threads on ASF to highlight events that might have gone through to the keeper.

Anyways BTH is a huge yapper and has dropped after a CR.

FYI @debtfree

gg
 
mullokintyre said:
Rejecting an offer at 18 cents when the Sp was in free fall at 10 cents seems like a slightly rash response to me.
The Sp has rallied up 17% now the dust has settled and its trading again.
Perhaps the market thinks that revised offers from more than one party might be in the offing.
One can only hope.
Mick
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All the best with your holding Mick @mullokintyre The chart will be more informative than any fundamental news on BTH. They are quite opaque with the value vs. future earnings p/e.

I might have a better chance in the Year24 Competition if the eels come out for a takeover meal on BTH. @debtfree

gg
 
Not much to report on BTH for July. A non-renounceable offer of shares at 10c was undersubscribed by holders but the shortfall of 60% was taken up by sub-underwriters.

Directors did buy.

It hangs about 11c. Not a resounding endorsement of the company.

One of my picks in the 2024 Comp. @debtfree

gg
 
Big tin can Annual out.
Slightly better reading than I expected.
It says that it became cash flow positive in second half, always a good sign when you can actually make money.
The sad part is revenue was down 5% from previous year, though I would take that if it meant the company actually made some money.
Unfortunately, it still made a an accounting loss.
Fortunately, that loss was about about 50% lower than last years.
They had some big customer sign ons toward the end of the FY, so I would expect that next year to continue to improve.
Unfortunately, no guidance provided, the glossy work of art said it would be provided at the AGM.
So far under water, my holding is worth small change, so will continue to hold in the vain hope it will come good.
Mick
 
mullokintyre said:
Big tin can Annual out.
Slightly better reading than I expected.
It says that it became cash flow positive in second half, always a good sign when you can actually make money.
The sad part is revenue was down 5% from previous year, though I would take that if it meant the company actually made some money.
Unfortunately, it still made a an accounting loss.
Fortunately, that loss was about about 50% lower than last years.
They had some big customer sign ons toward the end of the FY, so I would expect that next year to continue to improve.
Unfortunately, no guidance provided, the glossy work of art said it would be provided at the AGM.
So far under water, my holding is worth small change, so will continue to hold in the vain hope it will come good.
Mick
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Wow, up 20% today.
Bit more of this and I will be back in the green.
Wonder if NBIO will be coming back with a revised offer??
Mick
 
BTH is one of my Y24 tips. @debtfree

There is some excitement about the camp on a not too bad recent earnings report and again talks of a takeover. I don;t hold but those who do would be glad.

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gg
 
BTH has received a non binding offer to purchase.
Take it boys, take it.
Its the only way I will ever make anything out of this one.
20 cents is a nice profit for me, take it, take it!
mick
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mullokintyre said:
BTH has received a non binding offer to purchase.
Take it boys, take it.
Its the only way I will ever make anything out of this one.
20 cents is a nice profit for me, take it, take it!
mick
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BTH is my pick in the 2024 Comp. It started 2024 at $0.20 and has been ailing.

I guess getting out with no loss is the best I could hope for.

@debtfree

gg
 
Garpal Gumnut said:
BTH is my pick in the 2024 Comp. It started 2024 at $0.20 and has been ailing.

I guess getting out with no loss is the best I could hope for.

@debtfree

gg
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Surely they will take the offer this time.
At 20 cents, Its about 12% above the previous one, and way above the recently languishing share price.
Will take 19 cents for my stake to get out with a profit.
Mick
 
mullokintyre said:
Surely they will take the offer this time.
At 20 cents, Its about 12% above the previous one, and way above the recently languishing share price.
Will take 19 cents for my stake to get out with a profit.
Mick
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That was a brave buy of yours. Well done. They’ll have to take it surely although they had an offer of 80c + not too long ago.

Fingers crossed for you.

gg
 
mullokintyre said:
Such a fine line between bravery and stupidity.
mick
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Nah, mate. It was a good move. Well done. If nothing happens it should stick between 15-20c anyways.

I had a look in the Kray-Zee forum and there seems to be lots happening board wise to resist a t/o and lots of keyboard warriors getting out their weapons. I reckon it's worth more than 20c. Maybe you'll make a decent profit.

gg
 
Garpal Gumnut said:
Nah, mate. It was a good move. Well done. If nothing happens it should stick between 15-20c anyways.

I had a look in the Kray-Zee forum and there seems to be lots happening board wise to resist a t/o and lots of keyboard warriors getting out their weapons. I reckon it's worth more than 20c. Maybe you'll make a decent profit.

gg
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I took 16 this afternoon.
After the last NBIO got knocked back by the board, the SP was pummelled.
there is no guarantee they will not take this offer.
In the long run, it may well prove to be the right strategy.
I decided to take the 11 % profit and live to fight another day.

Mick
 
back to 20c, on a second (conditional ) offer.

BTH has received a non-binding proposal for a business combination from NASDAQ-listed Investcorp India Acquisition Corp (NASDAQ: IVCA), a publicly-traded special purpose acquisition company. Under the IVCA
Proposal, all of the shares in Bigtincan would be exchanged for shares in a newly formed Cayman Island holding company at an implied equity value for 100% of Bigtincan fully diluted shares of US$275m (or approximately A$400m or $0.472 per share at the current exchange rate). The IVCA Proposal also envisions a partial cash election opportunity at A$0.2352 per Bigtincan share (as an alternative to receiving Newco shares) subject to availability of funds and a scale back mechanism.
 
Oh dear. A SPAC domiciled in the Cayman Islands. It makes me want to flee although I don't hold. It is a pick of mine for the Y2024 Comp @debtfree

It should finish the year at 18c unless some prince from Myanmar or some other s*ithole comes out of the woodwork.

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gg
 
Just an update on BTH, one of my picks @debtfree in the 2024 Comp. It is set to go on to the NASDAQ should shareholders approve at the AGM on 29/11. Investcorp will take the shares on a 1:20 basis giving an implied value of 48c per share. It currently trades at 17c. and the Board is solidly backing it.

Investcorp will take Bigtincan Holdings to the NASDAQ. It’ll inject US$12.5 million and take a 20 per cent stake in the company.

There is a competing offer from a private equity mob at under 22c a share which so far is unbinding. It is a shame really as the fundamentals sounded promising when I picked it. I never bought it as it had dropped a fair bit after Covid like many ASX listed tech stocks.

gg
 
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