Brave Bison (#BBSN) – “increased fourth offer for System1 Group” (#SYS1)
- 2026-09-14 06:57:59
UK 20:52 Friday, 18 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Marketing services and consultancy group Brave Bison (BBSN) has announced its first half of the 2026 calendar year results are “ahead of July 2026 trading update” and that it has strengthened its “platform-based, scalable capabilities”. How does the trading performance compare to the valuation at an 87p share price?
Marketing services and consultancy group Brave Bison (BBSN) has announced a “possible cash-and-share offer” for fellow AIM-listed System1 Group (SYS1). System1 has rejected the possible offer and Brave Bison states that the “announcement is intended to facilitate open conversations between the boards of Brave Bison and System1 with their respective shareholders. No equity fundraising is required to progress the possible offer”.
Marketing services and consultancy group Brave Bison (BBSN) has issued an “AGM Statement” including noting half-year net revenue increased to at least £23 million and “strong cash generation… a substantial net cash position”. What does the group’s current performance and outlook suggest from its valuation at a now close to 100p share price?
‘Digital services and content’ group Brave Bison (BBSN) has issued a trading update headlined “FY25 trading ahead of consensus following strong Q4 in Sport & Entertainment. Year end net cash of £4.3m significantly ahead of consensus”. How does that compare to the valuation at a 72p offer share price?
Shares in ‘Digital Services’ and ‘Digital Content’ group Brave Bison (BBSN) have recently performed strongly including rising above 90p earlier this month. Now though having fallen back a bit, the following is why we consider there likely significant further upside potential from here.
Having most recently announced a possible offer proposal of 13.9 shares for each share in Mission Group (TMG) with also a partial cash alternative, Brave Bison (BBSN) has now announced that it “is not willing to advance the possible offer without due diligence or access to key management. As such, Brave Bison confirms that it does not intend to make an offer”, with this with it “disappointed by the lack of engagement from the Mission board”. What of this with Brave Bison’s shares most recently at 2.45p and those of Mission Group currently more than 11% lower at 24p?
