Brave Bison Group (BBSN)

Sector:

IT Services

Index:

FTSE AIM All-Share

2.37p
   
  • Change Today:
    -0.28p
  • 52 Week High: 2.88p
  • 52 Week Low: 1.53p
  • Currency: UK Pounds
  • Shares Issued: 1,288.15m
  • Volume: 936,639
  • Market Cap: £30.49m

Advertising spend falls in 'demanding' period for Brave Bison

By Josh White

Date: Wednesday 17 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Social video company Brave Bison said on Wednesday that the last five months had been "demanding", as direct result of the Covid-19 coronavirus pandemic.
The AIM-traded firm, which was holding its annual general meeting, said that its relationships with major platforms, including Facebook, Snap, YouTube, and TikTok, had put it in a decent position to benefit from the growth in digital advertising spend and proliferation of digital media.

Executive chairman Oliver Green noted the company recently became a creative partner of Snap and TikTok, distributing its own content across the platforms, as well as working alongside them with clients.

"Our network of managed YouTube channels saw revenues grow by over 60% last year," Green told shareholders.

"YouTube continues to be an area of focus for us and, whilst we have seen a reduction in advertising across all social platforms during the pandemic, we are fully prepared to take advantage of a bounce back in marketing spend as lockdowns are lifted across the world."

Green said that, despite a softening in the Japan and Asia-Pacific region since the beginning of the year due to Covid-19, Brave Bison was still working with new and existing clients within the branded content and influencer marketing space.

"We continue to review our overheads in line with performance, and we have made significant reductions to discretionary spending, lease and staff costs.

"Our team is now leaner, but nimbler, and we are well placed for recovery in the second half of this year and in the run up to the Olympics."

The company's board had evolved "significantly" since the year-end, Oliver Green added, noting that it had welcomed Matt Law and Philippa Norridge.

He said Law's experience in digital and creative services had already proven "invaluable", while Norridge's financial acumen would be "instrumental" in the development of the firm.

"We are looking to bolster the board with a further non-executive director in the near future.

"Finally, we continue to look for growth opportunities.

"Mergers and acquisitions are a core part of our strategy to build a profitable, growing, media and marketing group."

At 1038 BST, shares in Brave Bison were down 7.14% at 1.3p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BBSN Market Data

Currency UK Pounds
Share Price 2.37p
Change Today -0.28p
% Change -10.69 %
52 Week High 2.88p
52 Week Low 1.53p
Volume 936,639
Shares Issued 1,288.15m
Market Cap £30.49m

BBSN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.48% below the market average3.48% below the market average3.48% below the market average3.48% below the market average3.48% below the market average
78.31% above the sector average78.31% above the sector average78.31% above the sector average78.31% above the sector average78.31% above the sector average
Price Trend
71.61% above the market average71.61% above the market average71.61% above the market average71.61% above the market average71.61% above the market average
64.84% above the sector average64.84% above the sector average64.84% above the sector average64.84% above the sector average64.84% above the sector average
Income Not Available
Growth
65.33% above the market average65.33% above the market average65.33% above the market average65.33% above the market average65.33% above the market average
34.94% above the sector average34.94% above the sector average34.94% above the sector average34.94% above the sector average34.94% above the sector average

BBSN Dividends

No dividends found

Trades for 23-Jul-2024

Time Volume / Share Price
08:54 18,413 @ 2.48p
08:50 12,138 @ 2.47p
08:44 5,000 @ 2.44p
08:44 12,000 @ 2.50p
08:43 250,000 @ 2.34p

BBSN Key Personnel

CFO Philippa Norridge

Top of Page