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  1. #1
    Speedy Az winner69's Avatar
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    Default BPG Black Pearl Group

    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/Bl...le_1st_dec.pdf
    Last edited by winner69; 02-12-2022 at 08:09 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #2
    Reincarnated Panthera Snow Leopard's Avatar
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    What is it that they do do?
    om mani peme hum

  3. #3
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Snow Leopard View Post
    What is it that they do do?
    SaaS stuff .... that enough for you
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #4
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    Quote Originally Posted by winner69 View Post
    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."
    Last edited by blackcap; 02-12-2022 at 09:24 AM. Reason: add quotation marks

  5. #5
    Herbacious
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    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).

  6. #6
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    Will we see it play out similarly to TWL that listed same time last year maybe?

  7. #7
    2019 NZ Stock Picking Winner silverblizzard888's Avatar
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    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.
    Last edited by silverblizzard888; 02-12-2022 at 09:58 AM.

  8. #8
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    Quote Originally Posted by silverblizzard888 View Post
    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.

  9. #9
    2019 NZ Stock Picking Winner silverblizzard888's Avatar
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    Quote Originally Posted by blackcap View Post
    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.

  10. #10
    Speedy Az winner69's Avatar
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    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
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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