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.
Phillip Capital Client Note (update): BidEnergy (BID)-Software as a Service: Break-through contract with Origin Energy and FY19 Results
24-mth Target Price = A$1.60 (was $2.20)
Risk Rating: High
25 June 2019: Phillip Capital: BID - Software as a Service (SaaS) - "Multiple Growth Drivers" - update.
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.
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).