Australian (ASX) Stock Market Forum

BUD - Buddy Technologies

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Bud looking good for a return to grace, in my opinion.
Recent non market sensitive announcements haven't shown in SP yet. Nice steady increase since April though.
Aiming for 5 cent target santa rally or before.

Screenshot_20200723-190804.png
 
And pop she goes.
I don't understand why these announcements are not classified market sensitive. I guess I need to revise my understanding according to "official" definitions.
Hit a high of $0.02 which was a 43% rise.
Waiting for a "market sensitive" announcement... today's announcement.

"ASX MARKET RELEASE
LIFX Launches New Smart Light with U.S. Retail Partners Amazon;
Best Buy
SUMMARY
● LIFX will launch sales of its new low-cost white smart light, the LIFX White, at Amazon
(NASDAQ:AMZN) and Best Buy (NYSE:BBY) in the United States on Monday
● LIFX White is a new low cost product, and forms a significant strategic component of
the Company’s “Big Eight Goals” for 2020
● LIFX White is launching exclusively as a stand-alone light with retail partner Amazon
and LIFX.com, while it is launching exclusively in a two-pack configuration with retail
partner Best Buy
● The launch of this new product reinforces the Company’s relationship with these large retailers which sought a smart light product that could be sold in large scale quantities but that was priced for affordability and whole-home deployments."

Giddy up Buddy!:D
(old habits die hard, jumped off at 19, back on at 18...;) profit reinvested as well...:cautious:...;):2twocents)

DYOR
 
Well done FR ( @frugal.rock )..... You called it early. It happened. Enjoy the spoils:)

If it forms a solid range over the next 2-3 weeks (preferably above 0.014 ..... Under 0.013 bets are off), it should set up for a decent move higher, (imo)

If it runs back to todays high too quick, it could turn into a flash trade. (ie quick spike higher ... extended retrace/ranging afterwards) Purely my own observations; no foundation in fact:cautious:;)
 
On the speccie priced end of the market, BUD is showing good uptrend change characteristics, however, I honestly don't consider BUD to be a speccie stock anymore.

It has massive potential to challenge the likes of Phillips amongst other light bulbers.
It has obselence in its favour amongst other factors, including the led environmental push etc. :xyxthumbs

Why would the likes of Microsoft, Google, Amazon etc be collaborating with BUD it if was just "pissing in the wind" ? :cool:

I considered today, that the technology could also change the face of film and television lighting also.
The ability to change the colour temperature of the light on the fly is a no brainer, in my opinion.
Would open up many more filming location and timing opportunities and reduce the need for other props such as chimeras etc...
gaffer's take note !
If Panavision Lighting are Arri etc took note, a further niche could be created... :2twocents
 
Sometimes the horse is so old and stubborn and jaded with life, even pushing it, with a carrot dangling from a fishing rod in front of it's long face, won't get it to move.
No use flogging a dead horse.

Shop's don't have any range of incandescent bulbs anymore, halogen are power hungry in comparison to LED.
CFL's use nasty gas and materials...
It's a no brainer, IMHO.
Obsolescence dictates that LED is the go to globe.
Add to that the ability to control remotely, set your own colour temperature, an advantage over the main competitor (Phillips), being price (hub not required) and user reviews stating the lighting output is the brightest in comparison to other products.
This is a light bulb moment for some. Others may think not.

Have posted a 3 year chart, as I consider this to be the timeframe I am investing in. :2twocents

You tube for you Rob. :D
 
Announcement this morning.

Buddy Restructures Financing to Unlock LIFX Production at Scale

SUMMARY
● In October 2019, Buddy announced a US$6 million Inventory Finance facility, which formed an integral component of its trade finance facilities to fund the Company’s LIFX smart lights
● Arrangements have now been made to restructure this facility as a Purchase Order Finance facility, which means it can be used to finance the upfront cost of raw
materials and the manufacturing of products instead of financing already built product in warehouses
● This new PO facility structure aligns completely with the revised payment terms required of the Company by LIFX’s manufacturer, and was used to fund 100% of the
Company’s A$3.8 million initial order of LIFX White smart lights
● The PO facility will now be deployed to fund new inbound purchase orders, and is expected to unlock LIFX smart light production at scale.

DYOR
 
frugal.rock said:
This is a light bulb moment for some.
Click to expand...

A "bad pun" should never be let go to the keeper;)

I believe your logic is sound FR. With LIFX displacing Osram in Bauhaus stores, as announced yesterday, they are certainly gaining traction in the market place.

I know we certainly don't use any old style light bulbs at home anymore. LED generates more light and way less heat.

aa lightbulb.jpg
 
Have revised my TP target from $0.05 to $0.20 (which I don't think is unreasonable), over the next 12 to 18 months.
With the big US names associated, I envisage Buddy will attract international investment, particularly from the US.
The train is chugging along nicely.
:2twocents
Do Your Own Research

 
I have LIFX lights in my house, they are a great product & happy to pay the higher price for the long life and wifi integration with other devices, BUT, that is the narrative, is there a viable business here? Not yet, and not obviously. So my position is buy the lights, not the business!

It is one I am keeping an eye on to see if they can make it a profitable business, thats a long way off at this point though.
 
Just Announced.

ASX MARKET RELEASE
LIFX to be Stocked at U.S. Retailer Lowe’s; Investor Webinar
SUMMARY
● LIFX has executed a vendor agreement with Lowe’s (NYSE:LOW), the world’s second largest hardware store chain, to stock LIFX products
● Lowe’s does not stock LIFX’s largest competitor, opening up a significant positioning opportunity for LIFX in the U.S. market
● The Company has scheduled an investor webinar for members of the Buddy management team to discuss the recent Q4FY20 Appendix 4C and

Commentary on the announcement also.

Buddy does more than just domestic lighting and WiFi and etc, they have a commercial side that incorporates senors etc into buildings, management kind of gear. DYOR.

The technical analysis guys are very quiet. I wonder why... (not really, the chart says it all, it's not rocket science, or is it ?!)
 
Just announced.
ASX MARKET RELEASE
LIFX Receives Largest Ever Orders for Smart Lights, at A$3.6m
SUMMARY
● LIFX has received purchase orders for approximately US$2.6m (A$3.6m) of LIFX White, the Company’s recently introduced low-cost white smart light
● This represents the largest set of orders for smart lights the Company has ever received, eclipsing the previous largest orders by 14% in terms of unit volumes
● Orders for just LIFX White lights in 2020 are now greater in number than LIFX sold of all its different smart lighting SKUs combined in 2019
● The Company continues to see orders placed for the balance of its smart lighting range of products, all of which are incremental to the figures announced herein.
 

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