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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gfinity Plc | LSE:GFIN | London | Ordinary Share | GB00BT9QD572 | ORD 0.01P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0425 | 14,074,942 | 07:42:43 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.035 | 0.05 | 0.0425 | 0.0425 | 0.0425 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Amusement & Rec Svcs, Nec | 2.19M | -10.26M | -0.0030 | -0.13 | 1.44M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:25:09 | O | 2,570,694 | 0.0367 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 22/11/2024 | 14:00 | UK RNS | Gfinity PLC Notice of AGM |
| 11/11/2024 | 14:35 | UK RNS | Gfinity PLC New business development and trading update |
| 07/10/2024 | 06:00 | UK RNS | Gfinity PLC Director/PDMR Shareholding |
| 26/9/2024 | 14:00 | UK RNS | Gfinity PLC Director/PDMR Shareholding |
| 26/9/2024 | 10:15 | UK RNS | Gfinity PLC Trading update and funding |
| 03/7/2024 | 16:48 | UK RNS | Gfinity PLC Holding(s) in Company |
| 19/3/2024 | 13:04 | ALNC |  Gfinity confident of improved profitability after transitional period |
| 19/3/2024 | 07:00 | UK RNS | Gfinity PLC Half-year Report |
| 14/2/2024 | 14:38 | UK RNS | Gfinity PLC Result of meeting and change of registered office |
| 30/1/2024 | 08:50 | UK RNS | Gfinity PLC Notice of GM |
Gfinity (GFIN) Share Charts1 Year Gfinity Chart |
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1 Month Gfinity Chart |
Intraday Gfinity Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/12/2024 | 09:07 | Gfinity: Leading eSports Tournaments Organiser | 2,551 |
| 08/4/2022 | 05:55 | GFinity - welcome to the world of Online Gaming and Watching Video Games Online! | 26 |
| 23/1/2020 | 11:00 | Gfinity (GFIN) One to Watch | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 14/12/2024 08:20 by Gfinity Daily Update Gfinity Plc is listed in the Amusement & Rec Svcs, Nec sector of the London Stock Exchange with ticker GFIN. The last closing price for Gfinity was 0.04p.Gfinity currently has 3,399,029,913 shares in issue. The market capitalisation of Gfinity is £1,359,612. Gfinity has a price to earnings ratio (PE ratio) of -0.13. This morning GFIN shares opened at 0.04p |
Posted at 04/12/2024 11:03 by letsgo5 Since the lows Gfin needs more of the herd to join Still should have been up A lot higher |
Posted at 11/11/2024 22:17 by dogboy Nothing irregular for Aim. Didn't MOS buy 49% of Mark Epstein's Krunchdata (also a Director of MOS) for £735k back in the day. What's good for the goose is good for the gander...Anyway good to hear GFIN expecting monthly profitability in 2025 |
Posted at 11/11/2024 18:52 by plattlaneboy My advice is be very careful - OM owned by Robert Keith who bought Athlos for £1 - David Halley works for him.Not rocket science what's going on here with an option for Gfin to buy it presumably with shareholders money to leave PI's flat once again. |
Posted at 11/11/2024 14:36 by tomboyb Gfinity PLC New business development and trading update11/11/2024 2:35pm RNS Regulatory News RNS Number : 7571L Gfinity PLC 11 November 2024 For immediate release 11 November 2024 Gfinity PLC ("Gfinity" or the "Company") New business development and trading update As previously announced on 26 September 2024, the Board of Gfinity plc (AIM:GFIN), which specialises in digital media and monetisation, intended to explore new business opportunities to develop and expand the Company's core focus of digital media content, further leveraging the infrastructure commercially available in the Company and intended to use the proceeds from the recent funding to explore these opportunities. The Board is pleased to announce that it has signed a non-binding Memorandum of Understanding ("MOU") with 0M Technology Solutions Ltd ("0M") to commercialise 0M's advanced artificial intelligence technology, Connected IQ ("CIQ"), which is specifically targeted at the connected video market. Gfinity and 0M intend to agree and sign a detailed legally binding agreement as soon as possible, and in any event no later than 6 months from the date of the MoU. The MOU outlines the scope of potential collaboration between Gfinity and 0M and which envisages that Gfinity will enter into an exclusive licence agreement with 0M ("Licence") for the use of CIQ and will pay a licence royalty fee to 0M expected to be equivalent to 30% of net profits generated by Gfinity from the Licence. CIQ has been developed by 0M and is now at the stage of being ready to be launched for commercial launch. The Board believes that the Licence will provide an opportunity for Gfinity to combine its current network and relationships within the advertising sector and digital media monetisation, together with the initial relationships CIQ has already established with top-tier agencies, sell-side platforms, to commercialise CIQ. David Halley, CEO of Gfinity, commented: "This proposed partnership represents an opportunity for Gfinity to combine innovative AI technology with scalable solutions in the fast-growing connected video and advertising industry. With the current rate of growth of video content through platforms such as Connected TV and Youtube, video is becoming the dominant medium for information online, and Gfinity can provide a valuable service to the monetisation of this market. The MOU aligns with our strategic focus on delivering value to our shareholders by capitalising on key industry trends." The MoU is non-binding and there is no certainty that definitive binding agreements will be entered into in due course or on the terms as set out in the MoU. Shareholders should note that while the Board is excited about CIQ's potential market, CIQ is still at an early stage with no sales track record and there is no certainty as to how sales might develop under the Licence. 0M is a newly formed company with no published accounts. In addition, the MoU envisages that Gfinity will have the option, but not the obligation, to buy 0M, CIQ and its associated intellectual property after the first anniversary of the date of execution of the binding Licence agreement ("Effective Date") for a consideration of £2 million. The Option will otherwise lapse on the third anniversary of the Effective Date. Given the lack of trading and commercialisation to date, the current value of 0M and assets, which are the subject of the Option, is limited unless and until the commercialisation by Gfinity under the Licence is successful, which is not guaranteed. The Option price and value of the Licence is based on the Board's current assessment of potential outcomes of commercialisation and prospective sales in 2025 and beyond, based on the Board's own internal estimates, the current status of the software and the potential pipeline of customers. A further announcement will be made in due course when binding agreements are completed. 0M is beneficially owned by Robert Keith, who is currently interested in 704,419,692 Ordinary Shares held by him directly and indirectly and which represent approximately 20.7% of the Company's existing Ordinary Share Capital. Accordingly, the execution of any binding agreement with 0M will be a related party transaction pursuant to Rule 13 of the AIM Rules for Companies, and will be dealt with accordingly at the time. Current trading As previously reported, during the last year Gfinity has completed a 12-month cost-cutting programme, reducing headcount and technology expenses. Following this restructuring, these changes have been reflected in improvement in profitability in the last quarter of 2024 and the Board is pleased to announce that it currently expects to meet its objective to achieve monthly profitability by the end of 2024, whilst leveraging its strengthened commercial resources in the coming year. Other Information |
Posted at 07/10/2024 08:29 by 7rademark If gfin survive and progress a return to 5p would be initially possible. That's a 2400% gain from here. All Conservative but with the usual risks. |
Posted at 07/10/2024 08:27 by 7rademark I think that at 0.1p gfin was priced to go bust. It's now 0.02p. So a fair price today given the directors buying cost savings post restructuring and reversal in the sector would be 0.1p. That's a 400% gain from today. |
Posted at 05/7/2024 15:21 by smcl What is going on with this share. No news!! |
Posted at 02/7/2024 09:43 by kaos3 1. private not institutional people are involved2. relative managable total summ 3. not much news 4. they do not buy at this low price - eg limited by regulation 5. if going well ... eg cash flow is turning ... no need to be public with all the regulations and costs imho it is either take out or closing ... but i am optimist so i go for a take out gfin got capital light business |
Posted at 02/7/2024 09:18 by zen12 Wonder why directors not buying yet if distressed seller (or maybe in background)...bargain price if they believe in what they've said in RNS! |
Posted at 09/2/2023 12:17 by tomboyb 09 February 2023Gfinity PLC ("Gfinity", the "Company" or the "Group") Business update and financing The Board of Gfinity plc (AIM:GFIN), the leading esports solutions provider, today provides a business update and details on discussions in relation to equity financing . Business update On 23 December 2022, the Company announced its final year results for the year ended 30 June 2022. These results reported a reduction in Adjusted Operating Loss of 28% to £2.0m, and a closing year-end cash position of £2.1m. This represented a third straight improvement in the Adjusted Operating Loss, driven by growth in revenue attached to Gfinity's owned tech IP, audience and esports properties. The Com pany intends to publish its unaudited financial results for the six months ended 30 December 2022 during March 2023. Based on management accounts the Company expects to report the following: Financial Highlights: 1. Revenue of £4.1m; an increase of 26% on H1 FY22 and a 106% improvement on the previous 6 months. 2. Adjusted operating loss of £0.8m, an increase of 102% on H1 FY22; however, this is an improvement of 47% on the previous 6 months. Operational Highlights: Athlos: Over the past 12 months Gfinity has made a significant investment to productise its competitive esports technology platform under the Athlos brand, allowing this technology to be deployed at scale, directly into publishers' games. This technology allows publishers to easily deploy competitive functionality into their games. Gamers who participate in competitive play are proven to spend significantly more time and money in-game than casual gamers, enabling publishers to drive significant increases in revenue per user. Athlos, has delivered a highly successful beta programme with one of the world's largest mobile game publishers and was successfully integrated into 2 further betas in FY23. It has now been integrated into 8 games. In January 2023, Athlos exited its beta phase with the announcement of a deal with another global top ten mobile game developer. The board believes that Gfinity has first mover advantage in a market worth over £800m. The Athlos platform delivers an extremely attractive value proposition to video game developers and publishers. The platform has proven, during its beta programme, to deliver deep player engagement, the key to driving increases in a game's live service revenue. As the only SAAS tournament platform that is integrated directly into a video game, the player experience is seamless. All other competitors require players to engage outside the game creating a very poor player experience. Athlos can be deployed technically within days and operationally within weeks setting itself apart from competitors. As a result, there is little reason for a developer to develop their own competitive technology as it would require scarce development resources to be deployed, at a significant cost, over many years. With the industry transition over the last few years to free to play, live service business models built on in-game monetization, the Athlos platform is a critical service to dramatically improve player engagement and publisher revenue. To accelerate growth and to solidify Athlos' first-mover advantage, Gfinity is seeking outside investment. The Company is in discussions with several parties, with a view of taking a direct investment in the Athlos platform and thereby reducing the cash cost to Gfinity. The Directors currently expect the pre-money valuation that will be ascribed to Athlos upon external investment to be at a significant premium to Gfinity's investment cost. Gfinity expects to retain a significant stake in the platform, but the venture would benefit from the additional capital to complete further product enhancements and scale the marketing, sales and customer support functions to the substantial business opportunity. Gfinity Digital Media ("GDM") The Gfinity Digital Media business continues to represent a valuable asset for the Company, with an average of 13.1m monthly active users (MAUs) visiting Gfinity's owned and operated platforms in H1. A Google algorithm update impacted our SEO traffic in September of 2022, along with many of the largest publishing companies; however, the team has made significant progress to recover and improve GDM's rankings across sites, with latest audience levels across our network (in January) returning to 13m monthly unique visitors. External economic factors have impacted advertising rates across the whole sector over the past 6 months, but GDM still delivered revenue of £1.5m in H1 of FY23, a decrease of 11% on H1 of FY22, but an increase of 20% on the previous 6 months . Esports Solutions Esports Solutions delivered revenue of £2.5m in H1 of FY23, representing an increase of 71% on H1 of FY22; and an increase of 323% on the previous 6 months. Gfinity has enjoyed success in supporting clients from the traditional sports sector in the development of their esports and gaming strategies and business plans, then supporting the roll-out of these plans - leveraging Gfinity's capability to build digital communities and deploy market-leading esports technology. The Directors are conscious, however, of the inconsistent nature of service delivery work, and also the high cost to the Company of delivering a true end-to-end esports solution; and the resources required to support clients in their activations around the globe. To that end, Gfinity has partnered with a US esports business to jointly deliver solutions on a profit-share basis and no fixed cost. This deal gives Gfinity access to a state-of-the-art US based esports arena as the new home for any production and live events. As a result, effective immediately, Gfinity has decided to close the Gfinity Arena in Fulham, further reducing the Company's fixed cost base. Corporate restructure and proposed board changes: In April 2020 a new 'what we own' strategy for Gfinity was outlined. As part of this we set out to: 1. Manage the economics of the business: right-size the business; reduce our losses; and create a pathway to profitability by end 2023 2. Rebalance the Company's revenue sources, with less dependence on esports services/operations, and delivering improved financial predictability. This has been achieved by creating three stand-alone revenue generating pillars within the business: a. Our owned community of hard-to-reach gamers, through GDM b. Our owned, licensable Technology IP (re-branded Athlos in August 2022) c. Our legacy Esports solutions (previously esports operations) which has pivoted, to focus on fewer, more financially rewarding motorsport and football assignments, and consulting services. This strategy has delivered significant progress: 3 consecutive years of significantly reduced Adjusted Operating Loss. In line with this strategy, experienced experts in their respective sectors have been brought in to lead each of the business units. Athlos Game Technologies is led by Thomas Preising, a former GM & Country/Regional Director of India and the Middle East. Tom works with Gfinity's Head of Product, Mike Stevens alongside industry veteran Todd Sitrin (Strategic Advisor), the former Head of Competitive Gaming for EA Len Rinaldi, former GM of Apple for Western Europe provides strategic input to this group from a board perspective. In September 2022, Gfinity announced the appointment of an experienced leader in the digital media sector - Rebekah Billingsley - as MD of the GDM business, Rebekah overseas a strong leadership group and is supported by non-executive director Hugo Drayton, who also sits on the board of Future plc. Gfinity's Esports Solutions team is overseen by Chief Operating Officer Jonathan Hall, supported by Head of Esports Michael Valentine. The heads of each of these business units report directly to the board. In light of this change, the following changes will be made to the board of directors with immediate effect: 1. Neville Upton, current non-Executive Chairman, will take on the role of Executive Chairman. 2. John Clarke, current Chief Executive Officer, will step down from his role and will leave the Company. 3. Jonathan Hall, Chief Financial and Operating Officer, will take Executive responsibility for the Esports Solutions business. Financing discussions As detailed in the Group's final results' announcement on 23 December 2022, the Board has agreed the Group will require additional external funding, in order to continue to deliver its strategy. Today, the Group has cash of £0.4m. Given the continued investment in Athlos, the directors believe the Company will require additional working capital in March 2023. Therefore, the Directors announce their intentions to raise a minimum sum of £1.5m, via an equity placing and subscription. Based on the current business plan, this sum will allow the business the headroom to complete the proposed corporate restructuring, secure the planned external investment into Athlos over the next few months and take the business through to break-even point. The Directors have received an opinion letter confirming that it is expected that any eligible investments would qualify for EIS/ VCT relief. The Directors have engaged with existing and potential new investors over the past week. Shareholders should be aware that funding discussions remain ongoing and while there is no certainty on the outcome of these discussions or the terms, the Directors expect to close the terms of the equity funding round in February 2023. A further update will be made as appropriate. Investors who are interested in participating in the equity funding round should contact IR@gfinity.net. Enquiries : Gfinity plc Neville Upton, Executive Chairman www.gfinityplc.com ir@gfinity.net Canaccord Genuity Limited (Nominated Adviser and Broker) Bobbie Hilliam / Patrick Dolaghan Tel: +44 (0)207 |
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