Tinybuild Share Discussion Threads

[moonshine3] 29/9/2023 07:45

iamthemagnificent - 01 Aug 2023 - 17:54:57 - 7463 of 7507 Small-Dish-A completely open un-moderated thread - DISH
So wrong with your sub 0.1

Stabilizing ready for liftoff

Dont forget IOG, TBLD, GCG

[moonshine3] 28/9/2023 20:28

Original posts



iamthemagnificent - 01 Aug 2023 - 17:51:54 - 5654 of 5999 IOG - NORTH SEA GAS - IOG
hehe good trading Sir

The reverse indicator firestorm911 signalled a BUY here - loaded up and slightly in profit

But I hear greed is good, so holding on for a bigger profit.

GLA
iamthemagnificent - 01 Aug 2023 - 14:59:25 - 5643 of 5999 IOG - NORTH SEA GAS - IOG
Had to FOK as none available online

Broker sorted it out for me

First 2 lots purchased.

GLA.

iamthemagnificent - 01 Aug 2023 - 14:58:28 - 5642 of 5999 IOG - NORTH SEA GAS - IOG
Heyyyyyyyy the reverse indicator firestorm911 is here !

In which case - I've started loading up at 1.7p for the bounce

[disc0dave46] 28/9/2023 16:53

Results presentationHttps://www.investormeetcompany.com/investor/meeting/interim-results-213/presentation

[nchanning] 27/9/2023 08:25

Zeus aren't afraid to pump a POS stock normally , with numerous dreadful IPOs in their past. But even they don't seem to be able to muster any enthusiasm in their commissioned broker note this morning ....

[volsung] 27/9/2023 07:03

Reasonable start

[angersharkz] 26/9/2023 15:33

Yes, I read the stocko review earlier on this afternoon. Said this year has been a disaster but remains a possible turnaround.

Some buyers coming in later on in the day but I did notice a few sizeable trades go through earlier on. What looked like possible institution offloading. Expect we’ll get some RNS tomorrow.

[volsung] 26/9/2023 14:56

I like stockos view on this which is that a turnaround is possible so I’ve stuck another wedge of cash in the abyss

[angersharkz] 26/9/2023 14:08

The guidance for cash at year end hasn’t changed still expected to be between $10-$20m so I wouldn’t expect it necessary to draw the credit facility…..but it is there if needed. Although it would certainly be preferable to remain debt free if possible.

The wording in the half year report centres around addressing costs so I can’t see them burning through as much cash in H2 but we’ll have to wait and see come the year end report.

Alex will have to shape himself pronto and turn things around…..TBLD has had loss making years before and turned things around so he’ll have to do it again.

[disc0dave46] 26/9/2023 13:45

Given they've burnt their way through $12m of cash in the first six months, and costs are escalating at a horrific rate, wouldn't bank on them not drawing down their CF.At least the CEO hadn't given his wife $148k dividend this H1.

[angersharkz] 26/9/2023 12:53

‘there is no floor for where this stuff could trade.’

Well, there is a floor it could trade at, it could go to 0p. Given that the share price is currently about 8p it doesn’t have a great deal further to fall.

With a market cap now of just £16m ish you would effectively be buying free money if the company can hold on to the $20m net cash by December this year. Plus there is a revolving undrawn credit facility of $35m which will give the company some breathing room over the next 12-18 months to address current issues.

The market currently values all company IP’s and titles at $0…..and on that basis I picked up my last trench of these this morning and will let it ride until the fat lady sings.

[phowdo] 26/9/2023 10:17

Always be wary jumping into a sector when its been red hot.
Some of us oldtimers remember the first time around with videogame companies - EID,RGE,WHOG,SEG,AGT that all crashed and burned in the early 2000s. This rapid downturn in the gaming sector was inevitable after the insane euphoria during the pandemic. Utter junk like this and DEVO being floated (and founders cashing in at the IPO) should have been ample warning to investors who have seen it time and again across multiple sectors.

[catabrit] 26/9/2023 09:55

Hahaha Kemche. Best comment of the day by far!

[kemche] 26/9/2023 09:51

Scurrilous rumour doing the rounds that they will soon rebrand as Tinymarketcap.

[catabrit] 26/9/2023 09:38

This will breach new lows. There’s zero point owning it. It was always likely heading lower. The business model is super challenging, as is the sector. And that, combined with safe six percent yield available on your cash, makes this a very hard sell in the current market.

All this stuff will eventually trade like options and that’s when you want to buy a basket of them. Much like the resource or commodity stocks that were heading to the moon post the GFC and subsequently tanked in 2015 and 2016.

We’re in early to mid-innings across the board for loads of trashy businesses like this one.

Sorry to be the bearer of bad news and I genuinely hope I’m wrong. I’m not short but one glance of this and many others and you can just tell where the puck is going.

It’s just logic / math.

Unless you’ve got a resilient revenue profile or some sort of hard asset backing to protect the probable downside, there is no floor for where this stuff could trade.

It will ebb and flow as people make some speculative punts but for long term investors who care about principal, this and multiple others just doesn’t cut it.

Anyway, that’s my two cents’ worth.

[volsung] 26/9/2023 09:31

Knew I should have sold yesterday
Oh well back to square 1

[kemche] 26/9/2023 08:38

"We are setting new Company records in terms of wishlists" That's new!

[kimchi1] 24/9/2023 09:49

meanwhile over at GKP just before the 30% rally:

firestorm911 - 18 Sep 2023 - 19:50:33 - 690693 of 691135 THE NEW GKP / Drilling for Super Giants (moderated) - GKP
Dead cat bounce is over; we pilled more shorts.



What an absolute LOSER !!!

[kimchi1] 24/9/2023 09:28

Yes he did well selling for a 40% gain at over 14p - he bought loads under 10p

I hear firestorm911s average is 103p ? Ouch.

[moonshine3] 24/9/2023 06:45

iamthemagnificent - 22 Aug 2023 - 14:25:56 - 311 of 346 Tiny Build Games - TBLD
A few profit-takers and up it goes again.

Added some more at 13.9p.