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Consensus community valuation
$0.490
Average Intrinsic Value
35.5%
Overvalued by
Active Member Straws
#Broker/Analyst Views
Added 2 months ago
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#Broker/Analyst Views
Added 2 months ago

8-Apr-2020:  Phillip Capital: BidEnergy (BID): Software as a Service (SaaS): March Quarterly Report: Starting to Hum - Revenue up +81% YTD

PC have raised their TP for BID from $1.26 to $1.40 and maintained their "BUY (High Risk)" call. BID is currently trading in the 70s (70c to 79c range), suggesting they could almost double if they were to reach Phillip Capital's Target Price of $1.40.

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#Broker/Analyst Views
Last edited 2 months ago

9-Sep-19:  https://www.asx.com.au/documents/products/bid-190909-phillipcapital-origin-contract-and-fy19-results.pdf

Phillip Capital Client Note (update):  BidEnergy (BID)-Software as a Service:  Break-through contract with Origin Energy and FY19 Results 

  • Risk Rating: High
  • 24-mth Target Price (AUD): $1.90 (was $1.60)
  • Share Price (AUD): $0.625
  • 12-mth Price Range: $0.45 - $1.76
  • Forecast 12-mth Capital Growth: 204%
  • Forecast 12-mth Dividend Yield: 0.0%
  • 12-mth Total Shareholder Return: 204%
  • Market cap ($m): 72.2
  • Net debt (net cash) ($m)(Jun 19e): (4.2) [$4.2m net cash]
  • Enterprise Value ($m): 68.0
  • Gearing (Net Debt/ Equity): N/a – Net Cash
  • Shares on Issue (m): 115.5
  • Sector: Information Technology
  • Average Daily Value Traded ($): $387,000

 

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#Broker/Analyst Views
Last edited 3 months ago
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#Broker/Analyst Views
Last edited 5 months ago
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#Broker/Analyst Views
Last edited 6 months ago

4th June 2019:  http://www.asx.com.au/documents/research/phillipcapital-bid-simble-and-ucr-consultants-partnership.pdf

From Phillip Capital:  "BidEnergy (BID)-Software as a Service - UK SME deal to add 10,000 plus meters under management" (BUY) - 24-month PT: $2.20.

BID closed today (7-Jun-19) at $0.705 (70.5 cents per share, implying there is 212% upside from here over the next 2 years - if Phillip Capital is right.

BID is tiny - with a market cap of only ~$90m.  I would suggest keeping weightings to such a company appropriately small - regardless of the perceived possible upside from a broker like Phillip Capital - because there's plenty of risk in owning large positions in such tiny companies.  But I'm not a holder.

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#Broker/Analyst Views
Added 7 months ago

31-Oct-2019:  Phillip Capital:  BidEnergy (BID):  SaaS:  Q1 Report and Placement - Step change in Meters, Revenue & Costs

PC have a "Buy" on BID and a 24-month PT of $1.55 (down from $1.90).

BID closed at 55.5c ($0.555) on Friday (1-Nov-2019).

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#Bear Case
Added 7 months ago

no moat

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