BPG Black Pearl Group

[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/42...gn=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