Bluebird Merchant Ventures (GB:BMV)
LSE:BMV
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Bluebird Merchant Ventures
(LSE:BMV)
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Select Model
Rating:43Neutral
Price Target:
0.15 p
▼(-23.68% Downside)
Action:ReiteratedDate:01/31/26
The score is held down primarily by weak financial performance (no revenue, ongoing operating losses, and persistent negative cash flow), with only balance-sheet leverage metrics providing partial support. Technicals add further pressure given a clear downtrend versus all key moving averages and negative MACD. Valuation contributes negatively as the company is loss-making (negative P/E) and no dividend yield data is available.
Positive Factors
Low leverage balance sheet
A conservatively levered balance sheet with very low debt reduces refinancing and interest rate risk over the medium term. This structural financial flexibility gives management runway to execute strategic options or withstand revenue shortfalls without immediate solvency pressure.
Negative Factors
No reported revenue
Absence of reported revenues is a fundamental constraint: without product-market monetization the business cannot self-fund operations long term. This structural shortfall forces dependence on external financing and raises execution risk for any commercial strategy.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage balance sheet
A conservatively levered balance sheet with very low debt reduces refinancing and interest rate risk over the medium term. This structural financial flexibility gives management runway to execute strategic options or withstand revenue shortfalls without immediate solvency pressure.
Read all positive factors
Bluebird Merchant Ventures (BMV) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.81M
Dividend YieldN/A
Average Volume (3M)8.63M
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees7
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,013,667,500
10 Day Avg. Volume10,909,974
30 Day Avg. Volume8,628,560
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)0.25
Price to Sales (P/S)0.00
P/FCF Ratio-9.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bluebird Merchant Ventures Business Overview & Revenue Model
Company Description
Bluebird Merchant Ventures Limited, together with its subsidiaries, engages in mining and developing of gold properties. It holds interests in the Gubong project and Kochang project located in South Korea. The company was incorporated in 2014 and ...
Bluebird Merchant Ventures Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 1.06M | -703.00K | -228.00K | -908.22K | -687.00K | -600.44K |
| Net Income | -2.62M | -898.00K | -258.00K | -1.48M | 7.53M | -899.67K |
Balance Sheet | ||||||
| Total Assets | 20.19M | 19.95M | 20.14M | 20.08M | 20.04M | 1.79M |
| Cash, Cash Equivalents and Short-Term Investments | 203.61K | 37.03K | 269.85K | 35.91K | 166.67K | 72.84K |
| Total Debt | 735.17K | 683.38K | 353.30K | 1.00M | 779.08K | 176.70K |
| Total Liabilities | 4.64M | 1.06M | 794.80K | 1.81M | 1.29M | 619.21K |
| Stockholders Equity | 15.55M | 18.89M | 19.35M | 18.27M | 18.75M | 1.17M |
Cash Flow | ||||||
| Free Cash Flow | -600.00 | -521.80K | -616.00K | -1.81M | -401.00 | -235.00 |
| Operating Cash Flow | -531.00 | -453.23K | -616.00K | -1.81M | -401.00 | -235.00 |
| Investing Cash Flow | -26.00 | -68.57K | 0.00 | 0.00 | -55.17K | -257.75K |
| Financing Cash Flow | 660.00 | 288.98K | 849.94K | 429.24K | 550.46K | 560.12K |
Bluebird Merchant Ventures Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | £19.28M | -1.29 | -9.71% | ― | ― | ― | |
49 Neutral | £8.37M | -3.57 | -67.90% | ― | ― | ― | |
43 Neutral | £1.81M | -1.12 | -15.28% | ― | ― | ― | |
43 Neutral | £4.05M | -0.78 | -44.29% | ― | ― | ― | |
41 Neutral | £3.24M | -2,196.99 | -0.07% | ― | ― | ― | |
40 Underperform | £6.00M | -0.53 | ― | ― | -76.58% | 83.44% |
* Basic Materials Sector Average
GB:BMV
Bluebird Merchant Ventures
0.09
-0.59
-86.76%
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Bluebird Merchant Ventures Corporate Events
Business Operations and StrategyExecutive/Board Changes
Bluebird Mining Ventures Strengthens Board, Forms Advisory Committee and Adds Senior Finance Hire
Positive
Jan 28, 2026
Bluebird Mining Ventures has overhauled its governance and senior leadership structure, announcing the departure of non-executive director Cedric Simonet and the planned appointment of former JPMorgan precious metals specialist Frank Amato and dig...
Business Operations and StrategyPrivate Placements and Financing
Bluebird Mining Ventures Raises Capital and Expands Share Base to Back Gold Streaming Growth
Positive
Jan 22, 2026
Bluebird Mining Ventures has admitted 1,149,983,767 new ordinary shares to trading on the Main Market of the London Stock Exchange, raising approximately £626,228 through a placing, direct subscription and WRAP retail offer, while also issuin...
Business Operations and StrategyPrivate Placements and Financing
Bluebird Mining Ventures Sets 22 January Admission Date for Major Share Issuance
Positive
Jan 21, 2026
Bluebird Mining Ventures Ltd confirmed that, following the closure of its WRAP retail offer, it expects the admission of a substantial block of new ordinary shares to take place on 22 January 2026, as set out in its recent prospectus. The issuance...
Private Placements and Financing
Bluebird Mining Raises £620k and Expands Share Capital Through Retail Offer and Placing
Positive
Jan 20, 2026
Bluebird Mining Ventures has completed a £19,727.98 raise through its WRAP Retail Offer at 0.15 pence per share, issuing 13,151,989 new ordinary shares to participating retail investors. Combined with an earlier placing and subscription of 40...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Bluebird Mining Ventures Publishes Prospectus and Refines Growth Strategy with New Funding and Share Incentive Trust
Positive
Jan 16, 2026
Bluebird Mining Ventures has published an FCA-approved prospectus and outlined a strategic pivot that includes a full reassessment of its legacy South Korean projects, with a legal review to determine whether to advance development or exit, while ...
Private Placements and Financing
Bluebird Mining Opens Retail Offer After £600,000 Institutional Fundraise
Positive
Jan 16, 2026
Bluebird Mining Ventures has launched a WRAP retail offer to raise up to £130,000 through the issue of up to 86,666,666 new ordinary shares at £0.0015 each, giving existing UK retail shareholders the opportunity to participate on the sam...
Business Operations and StrategyPrivate Placements and Financing
Bluebird Mining Ventures Reshapes Equity Structure Amid Rising Interest in Digital Gold Streaming
Positive
Jan 9, 2026
Bluebird Mining Ventures has reported a surge in inbound interest from institutional and strategic counterparties in its gold streaming and treasury model, particularly around tokenised and digitally settled gold structures, as macro conditions an...
Business Operations and StrategyPrivate Placements and Financing
Bluebird Mining Ventures Proposes Fundraise and Capital Restructuring to Advance Gold-Focused Strategy
Positive
Dec 18, 2025
Bluebird Mining Ventures has announced a £627,450 equity fundraise and a series of capital reorganisation measures to strengthen operational stability and support its gold-focused streaming and treasury strategy. Key initiatives include legac...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
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