Gfinity Share Discussion Threads

[bobby1904] 23/10/2019 09:54

Perhaps people have actually spent half an hour to read past the first paragraph of the Accounts! And realise the trajectory here & that actually cash position is strong. So many on AIM moan about everything but never do any proper research. I'm confident that the revenue growth is set to continue here & the co. will continue to consolidate itself as a market leader in the fast growing eSports sector.

[hazl] 23/10/2019 09:45

Ooh ....we have interest again!

[hazl] 22/10/2019 12:38

Thanks appreciated bobby.

[bobby1904] 22/10/2019 12:34

Utter rubbish and highly misleading! I won't type up here but I've posted the correct figures on LSE. Read that....

[cumnor] 21/10/2019 21:31

Agree hazl. Some posters are clueless about accounts.

[hazl] 21/10/2019 20:04

'Reduction of 30% in adjusted operating loss* to £8.6m with further reductions expected in 2019/20 financial year
Net cash of £0.6m at year end, supplemented by completion of £5.25m capital raise in July'


in contrast to post 503

[5oletrader] 21/10/2019 15:57

https://www.proactiveinvestors.co.uk/companies/news/905247/gfinity-plc-reports-revenue-growth-above-80-for-second-year-running-905247.html

[jforshaw1953] 21/10/2019 14:51

Currently 61 employees according to simply wall st. Wikipedia is out of date

[ileeman] 21/10/2019 14:46

Good update, shame about admin costs continuing to increase.

They need to rein in costs, current cash will only last another 3-4 months.

[allonblack] 21/10/2019 14:32

I thought the Allenby note had a disappointing forecast. 25m of revs and only 1m of cashflow. I think im right in saying only 20 people work at this company. 25m for a marketing platform of 20 people isnt bad. Thats the problem here. This company is worth more to someone else who can lever the relationships and remove the bulk of the admin costs.

[blackrolie00] 21/10/2019 14:27

That 6p rally was to do with them working with Amazon on their twitch platform for a competition,people began thinking of a possible buyout by the tech giant (So many deluded investors in this stock it's sad)

[walrus king] 21/10/2019 13:10

It's been a long time.......getting from there to here......it's been a long time.........but our time is finally near........

Hello old timers I am new to this stock, it seems to have a long history of destruction of share holder value. However there are signs this year of some kind of turnaround in management and commercial strategy, out of interest what do you guys think fuelled the rally past 6p earlier this year? I see that this rally was subsequently checked by a placement, do you expect this to reoccur?

[blackrolie00] 21/10/2019 11:34

Keep with that wishful attitude,you must be a great investor!

[cumnor] 21/10/2019 09:58

Excellent results-will be taken as a bite-size morsel by one of the big gamers for 15-20p within 2 years, esp as will be at BE with no debt and the most important asset of all to media companies, game makers and advertisers-access to a growing number of young gamers with money to spend whose main outlet for entertainment is interactive gaming. Couple of morons above who can't read results. This is just not about ebidta on gaming-it is more about advertising and cross selling by non digital media savvy businesses and corporations to the next two generations of spenders and influencers. FB is old hat-Companies like GFin are the future.

[hazl] 21/10/2019 09:36

I think the market is not approving now of any tech that is not in profit.
Sadly....that end of the cycle.

Wait and see mode I guess.

[allonblack] 21/10/2019 08:44

This biz is starting to look like an excellent buy for someone like Future Plc. If I was them I would offer 35m and they could scale the revs very quickly. Their events biz long with Gamesradar. PCGamer and Four Four Two would have great revenue share possibilities with this business.

[cpap man] 21/10/2019 08:15

BOWL starting to form here?

[hazl] 21/10/2019 08:13

EXACTLY AS ABOVE POSTERS HAVE STATED.

'
Reduction of 30% in adjusted operating loss* to £8.6m with further reductions expected in 2019/20 financial year
Net cash of £0.6m at year end, supplemented by completion of £5.25m capital raise in July'

[jungmana] 21/10/2019 08:12

I think at least one more raise by mid 2020 of say another GBP 4m would be required imo.On track for breakeven in 2021

[bobby1904] 21/10/2019 08:09

As usual people can't read (or perhaps don't want to!). Cash in back is over £5m!

[blackrolie00] 21/10/2019 08:09

If you believe there won't be another raise I have nothing else to say to you.

[global nomad] 21/10/2019 08:01

They raised 5.25m after Year end...only 4 months ago,, if by June admin was going up less that revenue and the reported costs of around 1m / month have been brought into check, then things are heading in the right direction.

[bowles22] 21/10/2019 08:00

Cash - I do not think you have read it correctly

Cash and cash equivalents

Year-end cash of GBP0.6m (2018: GBP3.7m) was in line with expectations. This figure was impacted by the phasing of invoicing on certain key projects, which resulted in a trade and other receivables balance of GBP2.3m at year end. A total of GBP1.8m of this balance was collected in the first three weeks of July 2019. This was supplemented at the end of the month by the completion of an oversubscribed equity fundraise, raising a further GBP5.25m (gross) with strong support from both new and existing investors, leaving the business well positioned going into the 2019/20 financial year.