BPG Black Pearl Group

[winner69]

New listing on NZX

Whose going to have a go at making money out this

https://www.blackpearl.com/investor-centre/

and profile

https://blackpearl.com/governance/Blackpearl_Group_NZX_listing_profile_1st_dec.pdf

[Snow Leopard]

What is it that they do do?

[winner69]

What is it that they do do?

SaaS stuff .... that enough for you :)

[blackcap]

SaaS stuff .... that enough for you :)

"Blackpearl Group is a technology company that builds, acquires and markets data driven cloud services, consisting of a suite of productivity and digital marketing applications for small-to-medium sized businesses (SMB)

Through leveraging elements or entire components from the Pearl Engine, companies within the Group can access new markets, increase their value proposition, and improve their cost-to-revenue ratio faster and at near zero marginal cost.

We believe there is exponential growth waiting to be unlocked through the application of our technology, data, and talent."

[mondograss]

Right now, software that lets you add fancy marketing ads and analytics to your emails by the looks. But they appear to want to acquire other businesses that they can use to build out a portfolio SaaS applications to cross sell to their customers. I think its highly likely someone else much bigger will come along and eat their lunch (i.e. MailChimp).

[mwri]

Will we see it play out similarly to TWL that listed same time last year maybe?

[silverblizzard888]

The calibre of shareholders seems decent:

Teamwork Group holds the second largest tranche of 10.2 per cent while Logistics millionaire Sir Owen Glenn is the fifth largest shareholder with 7.5 per cent.
VTPE Investments of Scottsdale Arizona is the company's largest shareholder with 12.9 per cent. Blackpearl chair Tim Crown, a co-founder of Arizona-based and Nasdaq listed Insight Enterprises

Though the financials look like a mess, they need to do a presentation deck to explain why they are worth $43 million Mcap, cause as it stands the financials do not represent such a high value.

[blackcap]

The calibre of shareholders seems decent:

Teamwork Group holds the second largest tranche of 10.2 per cent while Logistics millionaire Sir Owen Glenn is the fifth largest shareholder with 7.5 per cent.
VTPE Investments of Scottsdale Arizona is the company's largest shareholder with 12.9 per cent. Blackpearl chair Tim Crown, a co-founder of Arizona-based and Nasdaq listed Insight Enterprises

Though the financials look like a mess, they need to do a presentation deck to explain why they are worth $43 million Mcap, cause as it stands the financials do not represent such a high value.

Correct. I know the promoter of this IPO (based in Wellington) and so had a look at the financials. Unless that paltry revenue of a mill or so grows dramatically, then the MCap is totally not justified. At these prices, it looks like a great short to me. But the shareholders including Sir Owen Glenn, do look quite formidable.

[silverblizzard888]

Correct. I know the promoter of this IPO (based in Wellington) and so had a look at the financials. Unless that paltry revenue of a mill or so grows dramatically, then the MCap is totally not justified. At these prices, it looks like a great short to me. But the shareholders including Sir Owen Glenn, do look quite formidable.

Share price just dipped below a dollar, would have been a great short indeed.

[winner69]

They probably sat around the table and decided 25 cents was a good and fair price and then agreed the NZX is a funny place so they said let's put a 1 in front of it so 125 was the 'list' price

some have been able to hock off a few at inflated prices .... and hoping they'll get to dump a few more to the bargain hunters

[blackcap]

They probably sat around the table and decided 25 cents was a good and fair price and then agreed the NZX is a funny place so they said let's put a 1 in front of it so 125 was the 'list' price

some have been able to hock off a few at inflated prices .... and hoping they'll get to dump a few more to the bargain hunters

Yeah you are probably not far off the mark. With a compliance listing like BPG, the price is irrelevant as no new capital was sought. So any price could have been used and it would make not a jot of difference. Looks like that 25 cents might be a reality sometime in the near future.

[silverblizzard888]

Not sure whose buying, but a fool and their money is surely departed at those prices.

The companies reference price of $1.25 is not great either, maybe meant as a joke, but can you truly trust the seriousness of the management team to have your best interest at heart if they knowingly shovel inflated shares to interested investors who could be mislead by the reference price and end up overpaying.

[nztx]

Not me , better fish to fry elsewhere and good multibagger opportunities :)

Far better to wait to see if & when the SP falls over a large cliff and what's left afterwards :)

[silverblizzard888]

At the moment all the company will do is burn cash and dilute through more acquisitions, so best to let it grow and stable out for a bit.

[whatsup]

How the muck did this share have $1 in front of it, now selling at .40 !!

[Sideshow Bob]

Price inquiry already.....

https://www.nzx.com/announcements/403745

[blackcap]

Yeah you are probably not far off the mark. With a compliance listing like BPG, the price is irrelevant as no new capital was sought. So any price could have been used and it would make not a jot of difference. Looks like that 25 cents might be a reality sometime in the near future.

2 days later and we are nearly there. The NZX really needs to get with the play and avoid situations like this. How anyone could have sanctioned a nominal $1.25 on those books is beyond me.

[Entrep]

What kind of goobledy-gook is this? https://www.blackpearl.com/our-technology/

Wouldn’t touch it

[Sideshow Bob]

What kind of goobledy-gook is this? https://www.blackpearl.com/our-technology/

Wouldn’t touch it

One of the key rules isn't it - don't invest in what you don't understand. And I don't understand either.

[nztx]

Only a bungi jump sees a better near vertical descent seen so far in just a matter of days ;)

Was the cuttlery in the tearoom counted twice or counted with gold tinted glasses on ? ;)

The listing party might have been the best celebration seen, now everyone is back to paper cups :)

[winner69]

Only a bungi jump sees a better near vertical descent so far in a matter of days ;)

Was the cuttlery in the tearoom counted twice or counted with gold tinted glasses on ? ;)

Bit hard to say the 125 was a typo …they only meant to list at 25

RAD did much the same ……made up 80 cents as a listing price ….but punters got excited and pumped it to 170 odd ….now 30 cents

It’s called ‘price discovery’ or something like that

[Getty]

The money or the bag?

Reverse take over coming up on My Food Bag.

Black Pea Soup.

[nztx]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/BPG/403745/385234.pdf

Guess saying the thing was hyped up too high based on fresh air just aint the sort of answer to be
handed back to NZX on price enquiries, after the guts has fallen out of the SP in less than a week
since the company has sleepwalked onto the NZX boards ;)

[nztx]

The money or the bag?

Reverse take over coming up on My Food Bag.

Black Pea Soup.


Throw a few bags of gold in around the edges and a NTL share Scrip swap might soup things up
and all the boys and girls (a few snails, rare geckos and skinks included) downunder could be happy too :)

Nothing like a few billion more shares on the loose - that can't fall much further -
could be some black pearls buried in dem hills too - Win Win :)

[bull....]

penny dreadful coming?

[nztx]

penny dreadful coming?


I reckon -- finished up at 0.39 today, be interesting to see if any insider support / buying
to arrest the slide.. they would only be buying back what they sold at higher levels though :)

difficult to see how a $1.25 indicative could have pulled out of any of the hats for this ;)

[bull....]

I reckon -- finished up at 0.39 today, be interesting to see if any insider support / buying
to arrest the slide.. they would only be buying back what they sold at higher levels though :)

difficult to see how a $1.25 indicative could have pulled out of any of the hats for this ;)

exactly , be looking forward to the next financials :eek2:

[nztx]

delayed 20 minutes - 35.0 cps - Buy 0.36 Sell 0.40

More drift lower next week ? ;)

[whatsup]

DOWN another 10% today, what the ---- is going on here !

[clip]

Maybe nobody knows wtf they do or how tf they make money. Wonder who has shares to sell though

[blackcap]

Maybe nobody knows wtf they do or how tf they make money. Wonder who has shares to sell though

They don't make money. They make large losses on about 500k of revenue (from memory). But they do have great aspirations.

[Ferg]

We had a few listings where details on financials appear to be light. How do they get away with this? Is this the last of the crapola listings until the next boom cycle? This, HMY, MFB (and maybe others) are following a similar SP path. Disgraceful.

[blackcap]

We had a few listings where details on financials appear to be light. How do they get away with this? Is this the last of the crapola listings until the next boom cycle? This, HMY, MFB (and maybe others) are following a similar SP path. Disgraceful.

At least this was only a compliance listing and no capital was raised. The $1.25 was only a nominal figure. But it might have caught a few lazy investors out.

[kiwical]

Share purchase plan announced today. 51c per share.

https://www.nzx.com/announcements/420209?lid=4cufl9c149cu&utm_source=braze&utm_medium=email&utm_campaign=BRAZE0112NZ

[silverblizzard888]

They just finished their raise, they wanted $4m, but got $3.8m so some decent support for the raise. They have an aim to be profitable once they reach ARR in the region of $12-13m, which they have just recently reached $5m ARR with an average ARR gain of $400-500k per month so very much on track to reach this by the end of next year.

Wasn't initially impressed by their numbers when they listed, but I'm slowly coming round after seeing how quick they have been in building that $5m ARR with very minimal amount of customers. Sort of reminds me of the good old days of Pushpay, so I've taken part in the capital raise with an interest to add more if they keep performing over the coming months.

Short term probably a bit of pressure on the share price, lots probably took part seeing the share price at 60 cents and being able to get shares at 51 cents might have looked at it as a good flip. Share price is at 55 cents now with over 200k shares on offer, so looks like many had planned to exit right after for a quick flip, so probably see the share price at least come down to the 51 cent mark over the coming weeks. Also the next update is at January so share price will come under pressure with no news anyway.

[silverblizzard888]

Interim report is out https://www.nzx.com/announcements/422657

The business is moving so fast the financial report is almost useless except to compare where they once were and where they are now.

Their outlook: "The year ahead promises to be one of strategic scaling, where we aim to amplify our reach while upholding the financial discipline that has been a hallmark of our journey. With a clear vision and a proven strategy, Blackpearl Group is set to not just meet but exceed expectations, as we continue to chart our course towards a future marked by exceptional growth and profitability."

Notable Achievements
• Achieved $5 million ARR as of 31 October 2023.
• Raised $3.8 million post-30th September 2023

[Rawz]

They need to raise more funds and soon

[Rawz]

They need to raise more funds and soon
Oh I see they have done this already and SP has fallen away

[silverblizzard888]

Oh I see they have done this already and SP has fallen away

Yup they've recently done their raise, current share price is 47 cents, much lower than their raising price of 51 cents. Not a very well know stock yet and still a lot to prove to the market, but there on their way. Given the way they've grown it looks very much on track. Just in 7 months from April they've grown ARR from $2.8m to $5m in October.

ARR Growth


April
$2.8m


May
$3.1m


June
$3.3m


July
$3.6m


August
$4.2m


September
$4.6m


October
$5m

[Rawz]

I suppose a lot of demand has been sucked out of this via the cap raise which wasn’t fully subscribed. And a portion of that cap raise were no doubt people looking for an arbitrage profit.

Be interesting to see where the SP goes

[silverblizzard888]

I suppose a lot of demand has been sucked out of this via the cap raise which wasn’t fully subscribed. And a portion of that cap raise were no doubt people looking for an arbitrage profit.

Be interesting to see where the SP goes

Yeah for sure, theres always a bit of an overhang for a month or so after a cap raise. Decent buying today, stocks come up to 49 cents and next stops back to 51 cent raising price. if they company continues to perform as they have recently the stock price will take care of itself in the long run.

[silverblizzard888]

There pathway to grow revenues with partners is going well.

Reported amount of partners:
September: 54
December: 65

3 September "54 partners were at various stages of onboarding and partner revenue was already significant, contributing 28 per cent of total revenue in August."
https://www.reseller.co.nz/article/708603/nzx-listed-black-pearl-courts-partners-new-nexus-programme/

1 December "Digital marketing partners, of which there were now 65, were seeking Blackpearl out themselves."
https://www.reseller.co.nz/article/709645/blackpearl-outlines-partner-strategy-high-quality-challenges/

[Rawz]

NZX Market Announcements (https://announcements.nzx.com/detail/425039)

Pretty good. I dont hold. Once to watch i reckon. I did pick it in the stock picking comp lol

KEY HIGHLIGHTS
• Subscription Revenue: Achieved a 215% increase year-on-year, reaching $1.2 million in Q3 FY24, up 29% from the previous quarter, Q2 FY24.
• Annual Recurring Revenue (ARR): Achieved a 122% increase year-on-year, totalling $5.5 million as of 31 December 2023, up 20% from the previous quarter, Q2 FY24.
• Gross profit margin increased to 73%, compared to 50% in Q3 FY23 and 70% in the previous quarter, Q2 FY24.
• ARR Per Employee: Demonstrated a significant increase of 314% year-on-year and 28% from the previous quarter, highlighting our team's productivity and effectiveness.

BPG’s Chief Executive Nick Lissette commented on Q3 results, saying: "Every comparative metric has soared into triple digits, some even surpassing expectations multiple times over.” Despite challenges in the US market, recurring revenues increased 20% from Q2. Our short-term goals of $10 million recurring revenue and cash-flow profitability are imminent.Lissette’s focus is on sustained exponential growth through product development, infrastructure optimisation, and robust operations. With bolder long-term targets, including reaching the $100 million revenue mark, BPG remains committed to innovation, strategic growth, and continued success.FINANCIAL UPDATEBPG’s Q3 success marked a leap forward. We achieved substantial growth in subscription revenue, a rise in ARR, and demonstrated our continuing operational scalability and efficiencies through offshore resourcing and prior investment in our private platform, the Pearl Engine," notes Karen Cargill. "These results highlight our team's dedication, positioning us for ongoing success in the dynamic market.”

FUTURE OUTLOOK

Looking forward, BPG continues to navigate a path of robust growth and assured profitability. Our focus remains firmly on the strategic pillars of innovation, market expansion, and customer-centric product development. This approach has not only solidified our position but also set the stage for significant expansions and new ventures.This quarter has been marked by significant progress in our technology and strategic partnerships. Notably, the development of our Pearl Large Language Model (LLM) prototype stands as a pivotal achievement. This hybrid large language model integrates open-source and proprietary capabilities alongside our bespoke AI. Pearl LLM will underpin additional product features that help our customers find more customers through refining audience targeting and strengthening the utility of insights for sales and marketing functions.The value of this technology lies not only in the immediate use to enhance our current products, but also provides the backbone for further innovation. This technology improves with additional data flows and the use cases expand as customers engage with it. Our hybrid approach means we continue to leverage advancements in the AI eco-system while being centred on the most powerful specific use cases for our customers.

[silverblizzard888]

ARR slowed down a bit in growth with just $500k increased over 2 months from the last update, which is about $250k per month growth. Great aspirations to want to hit a long term goal of $100m revenue and seems theres more certainty that $10 million revenue is the breakeven point.

ARR Growth


April
$2.8m


May
$3.1m


June
$3.3m


July
$3.6m


August
$4.2m


September
$4.6m


October
$5m



December
$5.5m

[silverblizzard888]

New update from BPG, their ARR has just reached $7m with February being a colossal month generating $1m ARR in a single month. These guys are ones to watch for sure.

"Black Pearl Group is pleased to advise the market that in February 2024 the Company secured over NZ$1million in new Annual Recurring Revenue (ARR), moving the total ARR to over NZ$7million."
https://www.nzx.com/announcements/427295

ARR Growth


April 2023
$2.8m


May
$3.1m


June
$3.3m


July
$3.6m


August
$4.2m


September
$4.6m


October
$5m


December
$5.5m


January 2024
$6m


February
$7m

[blackcap]

New update from BPG, their ARR has just reached $7m with February being a colossal month generating $1m ARR in a single month. These guys are ones to watch for sure.

"Black Pearl Group is pleased to advise the market that in February 2024 the Company secured over NZ$1million in new Annual Recurring Revenue (ARR), moving the total ARR to over NZ$7million."
https://www.nzx.com/announcements/427295

ARR Growth


April 2023
$2.8m


May
$3.1m


June
$3.3m


July
$3.6m


August
$4.2m


September
$4.6m


October
$5m


December
$5.5m


January 2024
$6m


February
$7m





Looks like the CEO of BPG is going to present on Tuesday night at the Wellington Branch of the NZSA. 7:30pm, Khandallah town hall. RSVP required.

[sunnysleeper11]

heading in the right direction for sure
any idea if these ARR are from upselling or new clients?
needs CR all the time due the very large losses they make each year - par for the course for tech companies





New update from BPG, their ARR has just reached $7m with February being a colossal month generating $1m ARR in a single month. These guys are ones to watch for sure.

"Black Pearl Group is pleased to advise the market that in February 2024 the Company secured over NZ$1million in new Annual Recurring Revenue (ARR), moving the total ARR to over NZ$7million."
https://www.nzx.com/announcements/427295

ARR Growth


April 2023
$2.8m


May
$3.1m


June
$3.3m


July
$3.6m


August
$4.2m


September
$4.6m


October
$5m


December
$5.5m


January 2024
$6m


February
$7m

[silverblizzard888]

heading in the right direction for sure
any idea if these ARR are from upselling or new clients?
needs CR all the time due the very large losses they make each year - par for the course for tech companies

ARR increase is from both upselling new products to existing customers and new customers.
These guys are nearly at their breakeven point, so unlikely to need a CR unless they wanted to chase more growth or make an acquisition. They have talked in the past the focus is about balancing profit and growth together.

[silverblizzard888]

Market starting to find a liking for this stock, up 18.75% today to 57 cents and potentially more to come. Could be the stock market darling for this year if they continue to perform. More financial updates coming out in a months time

[nztx]

heading in the right direction for sure
any idea if these ARR are from upselling or new clients?
needs CR all the time due the very large losses they make each year - par for the course for tech companies


Wonder what happened to Nov 2023 ? :)

Did everyone go on holiday for the whole month or is Nov now not a month in the Tech calendar ?

[silverblizzard888]

Wonder what happened to Nov 2023 ? :)

Did everyone go on holiday for the whole month or is Nov now not a month in the Tech calendar ?

No financials or hints were provided for that month, so left it blank. It'd be a pure guess how they performed.

[silverblizzard888]

Strong open at 61 cents with big orders starting to pile in. Barely any stock for sale though.

[sunnysleeper11]

you move markets blizzard

Strong open at 61 cents with big orders starting to pile in. Barely any stock for sale though.

[Leemsip]

I bought in yesterday with no due diligence on the company at all, have no idea what they do. Only a small parcel.

Everything is pretty bubbly so keen to ride this one up...

[sunnysleeper11]

quite a road block now blizz!
pre IPO investors patiently waiting in the wings

Strong open at 61 cents with big orders starting to pile in. Barely any stock for sale though.

[silverblizzard888]

quite a road block now blizz!
pre IPO investors patiently waiting in the wings

Yeah it seems someone is intent on placing roadblocks up. The day the stock started flying someone placed 100k shares at 61,62 and 63 cents either to sell down or prevent the stock from rising. Either way need more momentum to keep moving up, which could be once they publish the March results. Buying momentum has slowed so either we consolidate at 60 or slowly trend back down a little.

My view has always been more about the business in the long run and these guys are on fire. $10m ARR will be an easy target to get this year. If they can on average sign up $500k in ARR a month from now on thats $5m more ARR by the end of the year on top of the current $7m, which they could end up around $13m ARR. As the revenue grows they will be able to utilise more resources to grow and create a snowball effect. I could see them at $30m ARR by the end of next year if their product is as good as they say it is then the stock will move multiple folds if they achieve that.

[Joshuatree]

Yes it looks to me the risk is on the upside from here so I've bought an initial shoal of shares.

[silverblizzard888]

Yes it looks to me the risk is on the upside from here so I've bought an initial shoal of shares.

Should be news next week on the March ARR numbers, if they can maintain 500k or more ARR increase then its safe to say they have substantially de-risk themselves and its onwards and upwards for the business. If they get over a million in ARR for March then wow the company is going to rocket.

[Joshuatree]

Should be news next week on the March ARR numbers, if they can maintain 500k or more ARR increase then its safe to say they have substantially de-risk themselves and its onwards and upwards for the business. If they get over a million in ARR for March then wow the company is going to rocket.

Looking good atp silver, up re 20% :) and at a 1 year high.Greater price, greater expectations, i hope so.

[silverblizzard888]

Looking good atp silver, up re 20% :) and at a 1 year high.Greater price, greater expectations, i hope so.

If the share price grows as much as their revenues are growing, its safe to say we'll be over $1 before the year ends.

[silverblizzard888]

At 67 cents now, stock continues to steadily rise. Should have March ARR results pretty soon.

[X-men]

I have been reading and looking at their tech..... pretty cool. Using AI to help the marketing and looking who visit the website and push through more sales.

[X-men]

https://pearldiver.io/

For those wonder how this company make money from saas

[Ggcc]

Looks like there is a bit of resistance for now. it has gone up very fast recently on not much news. A lot of hype built in. Although if they do what they mention, this share should be one to keep an eye on.

[silverblizzard888]

Looks like there is a bit of resistance for now. it has gone up very fast recently on not much news. A lot of hype built in. Although if they do what they mention, this share should be one to keep an eye on.

Yup 70 cents looks like the ceiling for now, looks like every 10 cents it moves up theres resistance. For a while it stayed below 50 cents, then moved to 60 cents and dropped a bit before moving to where we are now at 70 cents, looks like a similar scenario. Those March results will have to be compelling enough if we are to move beyond 70 cents.

[percy]

https://www.nzx.com/announcements/429526


Loved this comment.
"Looking forward, Blackpearl Group is positioned for a dynamic future."

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/BPG/429526/416701.pdf

[Ggcc]

https://www.nzx.com/announcements/429526


Loved this comment.
"Looking forward, Blackpearl Group is positioned for a dynamic future."

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/BPG/429526/416701.pdf
It looks very promising

[silverblizzard888]

BPG continue to grow well with $400k ARR added in March to reach $7.4m ARR

ARR Growth


April 2023
$2.8m


May
$3.1m


June
$3.3m


July
$3.6m


August
$4.2m


September
$4.6m


October
$5m


November
$5.25


December
$5.5m


January 2024
$6m


February
$7m


March
$7.4