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GFIN Gfinity Plc

0.12
0.0025 (2.13%)
14 Feb 2025 - 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
  0.0025 2.13% 0.12 98,932,143 16:35:14
Bid Price Offer Price High Price Low Price Open Price
0.11 0.125 0.12 0.1075 0.11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Amusement & Rec Svcs, Nec 2.19M -10.26M -0.0030 -0.40 3.99M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:19 O 6,387,214 0.115 GBX

Gfinity (GFIN) Latest News (1)

Gfinity News

Date Time Source Headline
14/2/202516:02UK RNSGfinity PLC Director/PDMR Shareholding
05/2/202517:00UK RNSGfinity PLC Issue of Equity
05/2/202511:08UK RNSGfinity PLC New business development and funding
31/1/202514:25UK RNSGfinity PLC Result of Meeting
16/1/202517:00UK RNSGfinity PLC Notice of GM
13/1/202514:26ALNCNewsEARNINGS: Hercules Site Services reports "another record year"
13/1/202513:15UK RNSGfinity PLC Restoration of trading
13/1/202513:15UK RNSAIM Restoration - Gfinity plc
13/1/202507:00UK RNSGfinity PLC Final Results
02/1/202507:30UK RNSAIM Suspension - Gfinity plc

Gfinity (GFIN) Discussions and Chat

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Gfinity (GFIN) Top Chat Posts

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Posted at 16/2/2025 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 0.12p.
Gfinity currently has 3,399,029,913 shares in issue. The market capitalisation of Gfinity is £4,078,836.
Gfinity has a price to earnings ratio (PE ratio) of -0.40.
This morning GFIN shares opened at 0.11p
Posted at 10/2/2025 14:20 by petersmith6
Sorry for the delay. I have been told that they can't answer the questions because of an NDA?, but all 8 have topped up their share holding in Gfinity via their ISA'S ..so make of that of that what you will
Posted at 05/2/2025 18:31 by darmz
This fonzi guy is hilarious He was pumping Mac before running to gfin He then tried to pump this which failed and continue to make references to the ceoWatch this person he will be gone tomorrow Comedy gold
Posted at 05/2/2025 17:13 by 2magpies
One more thing: you do know that Gfinity (legacy name - nothing to do with 'gaming' anymore, but hey ho, the BOD can't be bothered to rename) -- Gfinity has had umpteen 'new' ventures/project/changes of direction: now take a look at the share price chart .. and what a story it tells!
Posted at 05/2/2025 11:30 by tomboyb
For immediate release

5 February 2025

Gfinity PLC

("Gfinity" or the "Company")

New business development and fundraising

The Board is pleased to announce that, further to the announcement on 11 November 2024, the Company has signed today an exclusive licence agreement with 0M Technology Solutions Ltd ("0M") ("Licence") to commercialise 0M's advanced artificial intelligence technology, Connected IQ ("CIQ"), which is specifically targeted at the connected video market.

In addition, the Board is pleased to announce that the Company has also today raised £245,000, conditional on Admission, through a Company arranged subscription with third parties ("Subscription") at a price of 0.0625 pence per new Ordinary Share (the "Issue Price"). David Halley has informed the Board that he also intends to subscribe £15,000 for new Ordinary Shares at the Issue Price ("Director Subscription"). The proceeds (before expenses) from the Subscription and the proposed Director Subscription will amount to £260,000 in aggregate.

David Halley, CEO of Gfinity, commented:

"The funding allows us to continue our push into sectors which we think are exciting for the Company, namely Connected TV, Online Video and Artificial Intelligence. In addition, through our commercialisation of CIQ, we will gain an experienced team of Data and AI specialists to support our development."

CIQ licence and option

CIQ has been developed by 0M and is now at the stage of commercial adoption. 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 and sell-side platforms, to commercialise CIQ. The Company signed on 4 February 2025 an exclusive licence agreement with 0M ("Licence") and will pay a licence royalty fee to 0M equivalent to 30% of net profits generated by Gfinity from the Licence. Shareholders should note that while the Board is excited about CIQ's potential market, CIQ is still at an early stage with limited 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, Gfinity has on 4 February 2025 been granted the option, but not the obligation, to buy 0M, CIQ and its associated intellectual property ("Option") after the first anniversary of the date of execution of the Licence ("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.



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 19.6% of the Company's existing Ordinary Share Capital. Accordingly, the execution of the Licence and Option is a related party transaction pursuant to Rule 13 of the AIM Rules for Companies. The Directors consider, having consulted with the Company's nominated adviser, Beaumont Cornish, that the Licence and Option are fair and reasonable insofar as Gfinity's Shareholders are concerned. In particular the Directors have taken into account the Company's 70% profit share and exclusive rights under the Licence and the opportunity to develop new commercial relationships through introductions from 0M.

Fundraising

The Company has also today raised £245,000, conditional on Admission, through a Company arranged subscription with third parties ("Subscription") at a price of 0.0625 pence per New Ordinary Share (the "Issue Price") through the issue of 392,000,000 new Ordinary Shares ("Subscription Shares"). David Halley has also informed the Board that he intends to subscribe £15,000 for a further 24,000,000 new Ordinary Shares ("Director Subscription Sares") at the Issue Price ("Director Subscription") and a further announcement will be made in due course. The proceeds (before expenses) from the Subscription and the proposed Director Subscription (together the "Fundraising"), amounting to £260,000 in aggregate, will be used to develop the commercialisation of CIQ, new business opportunities and provide general working capital.

In addition, the Company will issue new warrants "(Warrants") pursuant to the Fundraising on the basis of one Warrant for every Subscription Share or Director Subscription Share. Holders of the Warrants may subscribe for one new Ordinary Share in the Company at a price of 0.09p for 18 months commencing on issuance. The Warrant instrument contains a provision that if the volume weighted average price of a Gfinity Ordinary Share trades above 0.12p for five consecutive business days, and a Warrant holder exercises Warrants within 20 business days after being notified of such by the Company, the Warrant holder will then become entitled to receive a new Warrant ("New Warrant") on the basis of one New Warrant for every Warrant exercised. Holders of the New Warrants may then subscribe for one new Ordinary Share in the Company at a price of 0.2p for an 18-month period from issuance.



Admission

The Subscription Shares and the Director Subscription Shares (together the "Fundraising Shares") will amount in aggregate to 416,000,000 New Ordinary Shares. The Fundraising Shares will, when issued, rank pari passu in all respects with the existing Ordinary Shares. Application is being made for the 416,000,000 Fundraising Shares to be admitted to trading on AIM and Admission is expected to take place on or around 14 February 2025.



Other Information

A copy of this announcement is available at the Company's website: www.gfinityplc.com
Posted at 03/2/2025 23:01 by muck166
The fact is they could have asked for the increased headroom at the pre Xmas AGM but didn’t. They just went for the standard 30%, only to increase it a few weeks later. Something happened over the new year to prompt that, the same thing which probably prompted Mole getting his slice of the pie just one day before our GM.

And it can’t be coincidence that the new headroom of £200k at nominal correlates beautifully with the assumed £2m option price. I think it shows Halley’s confidence that the share price will be at least 0.1p when capital is needed. Naturally it would need to be even higher assuming normal mkt discounts.
Posted at 03/2/2025 08:33 by muck166
I see a resolution to increase headroom to 56% was passed at the GM. That can, I think, only be to give comfort to 0M that we could raise the option price. Also, the sole Director of 0M (Andrew Mole) was allotted 15% 0M stock last week - interesting also that both Halley and Keith took shares in Moles main venture, Pubx AI, last year.

No doubt in my mind that all these connected people n have known a CIQ deal was in the offing long before we were told, likely explaining the Halley/Keith investments at .0015 in Sept.

For me, the delay in signing a binding CIQ agreement hasn’t owed to any material disagreement on terms, but more to practicalities - publication of GFIN accounts, new headroom authority, Mole participation.

So I think news of a binding deal is very close
Posted at 18/12/2024 23:33 by 2magpies
"parsons4
18 Dec '24 - 21:53 - 2577 of 2579
0 3 0
The AIM market never ceases to amaze me. Being a qualified accountant for over 50 years I understand how the audit will not be signed off till January..."


.....................................


The reason(s) for the GFIN audit being signed off until early Jan, can't be known to you (unless you have been given this information privily). Nothing to do with how long you have been a qualified accountant.

If it was so obvious, and perfectly ok, then any listed Company with FY Accounts to 30th June, would have a delayed audit sign-off.


Whatever the reasons, an impending suspension may well spook the share price

Tomorrow will tell.
Posted at 18/12/2024 21:53 by parsons4
The AIM market never ceases to amaze me. Being a qualified accountant for over 50 years I understand how the audit will not be signed off till January. My guess is that there will be big profit-taking first thing in the morning. But the powers that be would be quite happy to slow down the rise in the share price to get their mates in !!ahead of suspension and probably quite interesting developments. I for one will hang on to my under water holding. GLA
Posted at 11/11/2024 14:36 by tomboyb
Gfinity PLC New business development and trading update
11/11/2024 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 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:



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
Gfinity share price data is direct from the London Stock Exchange

Gfinity Frequently Asked Questions (FAQ)

What is the current Gfinity share price?
The current share price of Gfinity is 0.12p
How many Gfinity shares are in issue?
Gfinity has 3,399,029,913 shares in issue
What is the market cap of Gfinity?
The market capitalisation of Gfinity is GBP 3.99M
What is the 1 year trading range for Gfinity share price?
Gfinity has traded in the range of 0.0145p to 0.1275p during the past year
What is the PE ratio of Gfinity?
The price to earnings ratio of Gfinity is -0.4
What is the cash to sales ratio of Gfinity?
The cash to sales ratio of Gfinity is 2
What is the reporting currency for Gfinity?
Gfinity reports financial results in GBP
What is the latest annual turnover for Gfinity?
The latest annual turnover of Gfinity is GBP 2.19M
What is the latest annual profit for Gfinity?
The latest annual profit of Gfinity is GBP -10.26M
What is the registered address of Gfinity?
The registered address for Gfinity is 16 GREAT QUEEN STREET, LONDON, WC2B 5AH
What is the Gfinity website address?
The website address for Gfinity is www.gfinityplc.com
Which industry sector does Gfinity operate in?
Gfinity operates in the AMUSEMENT & REC SVCS, NEC sector

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