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GFIN Gfinity Plc

0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
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% 0.0335 7,119,835 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.032 0.035 0.0335 0.0335 0.0335
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Amusement & Rec Svcs, Nec 2.19M -10.26M -0.0030 -0.10 1.02M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:10 O 5,000,000 0.0325 GBX

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Gfinity (GFIN) Discussions and Chat

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Posted at 24/5/2024 09:20 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 0.03p.
Gfinity currently has 3,399,029,913 shares in issue. The market capitalisation of Gfinity is £1,019,709.
Gfinity has a price to earnings ratio (PE ratio) of -0.10.
This morning GFIN shares opened at 0.03p
Posted at 19/3/2024 10:41 by parsons4
The last placing was at .06p so a lot of small investors will be happy to get their money back. But a good opportunity to get in at this price imho
Posted at 08/12/2023 14:40 by nav_mike
Genuine question....what is the plan here, as they seem to be selling off most of the trading businesses?

Is it the idea for a large investor to use the GFIN listing to reverse an unlisted business into? Without this, can digital media generate sufficient cash flow?
Posted at 07/9/2023 08:13 by smackeraim
Seems happy to buy at this price
Posted at 14/3/2023 14:44 by thirty fifty twenty
hi tomboyb - is this the Robert Keith of Eidos? do you know much of his current business interests? and why buy 12% of GFIN. maybe he has inside on the sale negotiations?

GFIN is in my portfolio
Posted at 14/2/2023 09:34 by fitnessman
Gfinity showed promise and i had planned to hold on for the long term with this, averaging as i do.Looking deeper into the company though, it seems the athlos software hasnt gained much traction, their arena has or is closing down, the main websites and blogs are weak and over saturated with google ads (spamming is a bad sign!), they could be much better. They have a decent social following which its what the business is formed around, but its still small numbers compared to major influencers. Does anyone have any solid positives they can share, maybe iv missed something?!I still think gfinity are uniqely positioned in the UK market, i just cant see at the moment how they plan to grow or improve their offerings in any substantial way!
Posted at 13/2/2023 22:06 by jungmana
The audacity of these folks;Existing WarrantsDuring the 2022 placing and subscription, the Company issued one warrant to each placee and subscriber that subscribed for one Ordinary Share at the Issue Price of 1.25 pence per Ordinary Share. The Existing Warrants were only exercisable for 12 months from the date of issuance, such date being on or around 04 April 2023.The Directors recognise that the Existing Warrants are unlikely to be exercised based on the Issue Price of the Existing Warrants and the current share price. The Directors therefore believe it is appropriate to reduce the Issue Price of the Existing Warrants to 0.15p, being the Issue Price, for the remaining period of time during which the Existing Warrants can be exercised.The following Directors are holders of Existing Warrants by virtue of subscribing in the 2022 placing and subscription:No. of Existing Warrants Director held Len Rinaldi 2,000,000 Hugo Drayton 1,600,000 Jonathan Hall 2,000,000
Posted at 10/2/2023 11:47 by parsons4
For what it's worth I still believe in GFIN and topped up yesterday at .24p !! John Clarke has now gone and their plan seems very do-able. I am losing, big time, on this but unlike some others that I managed to throw out before the rot set in, I am sticking with GFIN. Good luck to all the believers still here !!
Posted at 09/2/2023 14:35 by kemche
Another good call David!

kemche - 23 Dec 2022 - 09:07:51 - 2262 of 2289 Gfinity: Leading eSports Tournaments Organiser - GFIN
David Gruen - 11 Apr 2022 - 08:47:18 - 2224 of 2262 Gfinity: Leading eSports Tournaments Organiser - GFIN
Ahhhh my old mate Kemche. Bashed OSI at 4p and it hit 20p within a couple of sessions.

A great contra-indicator.

"Know thy enemy and know yourself; in a hundred battles, you will never be defeated."

kemche - 09 Apr 2022 - 12:08:06 - 2223 of 2262 Gfinity: Leading eSports Tournaments Organiser - GFIN
David, Yes. Profitability "targeted" for 2023 then whoosh!

kemche - 09 Mar 2022 - 13:11:53 - 2148 of 2262 Gfinity: Leading eSports Tournaments Organiser - GFIN

Yet another John's Story / Barry special served.
Posted at 09/2/2023 12:17 by tomboyb
09 February 2023

Gfinity 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:


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

Enquiries :

Gfinity plc

Neville Upton, Executive Chairman

Canaccord Genuity Limited (Nominated Adviser and Broker)

Bobbie Hilliam / Patrick Dolaghan

Tel: +44 (0)207
Posted at 23/12/2022 09:07 by kemche
David Gruen - 11 Apr 2022 - 08:47:18 - 2224 of 2262 Gfinity: Leading eSports Tournaments Organiser - GFIN
Ahhhh my old mate Kemche. Bashed OSI at 4p and it hit 20p within a couple of sessions.

A great contra-indicator.

"Know thy enemy and know yourself; in a hundred battles, you will never be defeated."
kemche - 09 Apr 2022 - 12:08:06 - 2223 of 2262 Gfinity: Leading eSports Tournaments Organiser - GFIN
David, Yes. Profitability "targeted" for 2023 then whoosh!
kemche - 09 Mar 2022 - 13:11:53 - 2148 of 2262 Gfinity: Leading eSports Tournaments Organiser - GFIN
Yet another John's Story / Barry special served.
Gfinity share price data is direct from the London Stock Exchange

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