Australian (ASX) Stock Market Forum

BUD - Buddy Technologies

Jump to new
Sale seasons coming up should see some good figures for Buddy.
Will borrow 9k's post on generalised expected US sales forecasts, with thanks.

Economic implications of a SARS/Coronavirus outbreak

I understand what you are saying, and I appreciate that wealth has just been transferred from one group of people to another, but it seems to me that there are other factors at play. Those Wall Street people had jobs before and they have jobs now. Those Mums and Dads who owned businesses had...
www.aussiestockforums.com www.aussiestockforums.com
 
I know lots of stuff is getting sold but are they making money. I am a little wary that their pricing could have been screwed down and profits might be marginal. Maybe they are priced to gain exposure and are in a marketing regime. Any thoughts.
 
jbocker said:
Any thoughts.
Click to expand...

That has been my concern from when I first looked at BUD, for it to be an investable business in my world it needs to demonstrate that it can scale up and move from a money losing business to something generating free cash flow and ROIIC in excess of my hurdle rate.

I love the product and use LIFX lights throughout my house, but that doesn't make it a good business!

I think the picture will become a lot clearer over the next couple of quarters, I have it on my watchlist in case it can pivot.

For investors that are happy to take the risk of speculating on early stage growth businesses it is probably a good one to have a punt on, with relevant position sizing.
 
galumay said:
That has been my concern from when I first looked at BUD, for it to be an investable business in my world it needs to demonstrate that it can scale up and move from a money losing business to something generating free cash flow and ROIIC in excess of my hurdle rate.

I love the product and use LIFX lights throughout my house, but that doesn't make it a good business!

I think the picture will become a lot clearer over the next couple of quarters, I have it on my watchlist in case it can pivot.

For investors that are happy to take the risk of speculating on early stage growth businesses it is probably a good one to have a punt on, with relevant position sizing.
Click to expand...
Yeah, very good product although a little pricy, the problem I also see is how can they scale up and sell more to get to break even point ?

In the mean time it's going to be regular capital raisings to keep the company going...
 
Those with concerns as above may wish to read today's non market sensitive (apparently) announcement by the good Buddy concerning repayment of financial agreements.

As you can see from the chart, the market was pleased with the news, rewarding the share price with a near 21% rise this afternoon with a strong close, suggesting possible continuation of momentum.

One could hope that this news triggers a continued uptrend reversal from the past 4 months.

The past few weeks have had me questioning myself regarding this holding, however I remind myself I am in it for the long haul and have not budged an inch with my holding.
1 year chart.

Screenshot_20201217-161948.png
 
frugal.rock said:
Those with concerns as above may wish to read today's non market sensitive (apparently) announcement by the good Buddy concerning repayment of financial agreements.

The past few weeks have had me questioning myself regarding this holding, however I remind myself I am in it for the long haul and have not budged an inch with my holding.
Click to expand...

They seemed to have consolidated/streamlined their Loan situation with $10 million available immediately (hope that's correct? .... i only read it quickly for a minute)

Nice reversal bar today. Closed on the High of the day on solid Volume (tick).

If it can sneak the SP back above that "Volume cluster of Sellers" back on 17-19 November ( 056 cents), it should be well back on track.

Good luck Rock. You have backed your vision on this one, much like I have with VML. Lets hope neither of us find out we needed to go to SpecSavers down the track:geek: (where did I leave my glasses?)
 
Nice to see this morning's non market sensitive announcement as per below. Innovation and integration.

ASX MARKET RELEASE
First Integration Between LIFX,
Buddy Ohm and
Amazon Alexa Launched

SUMMARY
● Amazon (NASDAQ:AMZN) has launched a new Alexa Smart Energy initiative, which allows consumers to track the energy their smart devices are consuming conveniently on an energy dashboard in their Alexa mobile app

● LIFX was asked by Amazon to be one of the first to integrate its smart light devices into the Alexa energy dashboard, whereby Ohm energy data is shared with Alexa to help populate the energy dashboard feature

● Intelligent Control will enable Alexa to take action on hunches like turning off a LIFX light when a customer is out of the house, or has fallen asleep

● All single zone LIFX smart lights now support Alexa energy dashboard, with multi-zone and LIFX Switch support coming in the new year

● Compatible LIFX smart light products are being prominently featured in Alexa Smart
Energy promotions, and the Company expects its support for this important sustainability
program to be a contributor to sales growth via Amazon in 2021.
 
Dropped again today but the whole market did too so can't really read much into it.
 
ASX MARKET RELEASE
Buddy Signs Additional Manufacturing Agreement
to Grow Scale

SUMMARY

● Buddy has executed a new manufacturing agreement with Nanchang Innotech Homesmart Co. Ltd. to increase manufacturing scale, breadth of product range and to reduce the overall cost of building LIFX products

● This new manufacturing agreement follows the Company’s refinancing arrangements last week, with the addition of further manufacturing capacity (on commercially standard payment terms) being a condition of that financing

● Following execution of the new agreement, new orders have been placed for products that will be developed, certified, and manufactured for delivery in mid-2021

● Innotech will deliver both new products and be a new manufacturer for existing products in 2021.
13 January 2021
 
frugal.rock said:
ASX MARKET RELEASE
Buddy Signs Additional Manufacturing Agreement
to Grow Scale

SUMMARY

● Buddy has executed a new manufacturing agreement with Nanchang Innotech Homesmart Co. Ltd. to increase manufacturing scale, breadth of product range and to reduce the overall cost of building LIFX products

● This new manufacturing agreement follows the Company’s refinancing arrangements last week, with the addition of further manufacturing capacity (on commercially standard payment terms) being a condition of that financing

● Following execution of the new agreement, new orders have been placed for products that will be developed, certified, and manufactured for delivery in mid-2021

● Innotech will deliver both new products and be a new manufacturer for existing products in 2021.
13 January 2021
Click to expand...
I guess it's good to see that they are doing something to get towards a Break Even sustainable model...

Can't see this company living on capital raisings forever, if investors can't see any effort to get towards profitability.
 
Yes, it seems the PFG group care about the money they're lending to BUD and have exerted some control over the way BUD spends it.
New manufacturing capability won't have any impact until mid-2021 and later for other products.

Looking at this as a possible reversal opportunity but I want it to jump through one of my hoops first.
 
over9k said:
Ok guys I just sold today so whoever's holding can expect a bounce tomorrow :)
Click to expand...
I am looking forward to the December quarter results.
(You know, the quarter where they couldn't keep up with sales and running out of product with all product "flying" off the shelves, my interpretation of it anyway)

I have added to my position today by means of standing order.
:2twocents:wheniwasaboy:
 
Mmm its last earnings report was positive though and that did nothing to change its trajectory at all. It's just been on a melt for months before finally consolidating around the 50ish mark:

12121212121231444444444.jpg


It'd obviously be nice for you to see evidence of a turnaround but the market clearly isn't expecting one.
 

Similar threads

System
SAS - Sky and Space Company
2 3
Replies
53
Views
16K
greggles
greggles
System
AB1 - Animoca Brands Corporation
Replies
15
Views
7K
she'll be right
S
System
BIG - Big Un Limited
2 3
Replies
51
Views
19K
noirua
noirua
System
TKF - TikForce Limited
Replies
0
Views
4K
System
System
System
G79 - Goldoz Limited
Replies
7
Views
6K
System
System
Top