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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Trufin Plc | TRU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.50 | 3.09% | 83.50 | 14:00:14 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 80.50 | 80.50 | 83.50 | 81.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 06/1/2025 16:47 by z1co Excellent write up in the ASKTRADERSTRUFIN SHARES JUMP AS PRE-TAX PROFIT TO BE ‘SIGNIFICANTLY AHEAD’ OF EXPECTATIONS SAM BOUGHEDDA UPDATED 6 JAN 2025 TruFin (LON: TRU) shares jumped by more than 8% in early Monday trading after the company announced it expects its adjusted profit before tax (PBT) for 2024 to significantly exceed market expectations, marking its first full-year profit a year earlier than anticipated. For the year ended 31 December 2024, TruFin projects a PBT of over £0.5 million. The number represents a strong turnaround from a loss of £6.6 million in 2023. The company, which focuses on growing fintech and banking businesses, added that adjusted EBITDA is also expected to be ahead of previous expectations, exceeding £7 million, reflecting a year-on-year improvement of more than £10 million. Group revenue is forecasted at approximately £54 million, representing a substantial 197% increase from £18.1 million in 2023. The strong financial performance is attributed to exceptional year-end results from Playstack Limited's games, particularly Balatro, which won multiple awards at the Game Awards, boosting December sales. Playstack's revenue growth surpassed 440%, with EBITDA increasing by over 2,000%. Oxygen Finance Group is also said to have delivered robust results, with revenue growth of 21% to at least £7.5 million and EBITDA rising by 65% to no less than £2.1 million. The company secured four new Early Payment clients in 2024, ending the year with a record 62 clients. Although Satago Financial Solutions faced challenges, including the loss of a Tier-1 Bank contract, TruFin said it realigned its cost base and is in advanced talks with potential clients. Satago aims to achieve cash flow breakeven within 18 months. “What a year for the Group. A year of many firsts,” said CEO James van den Bergh. “This is the first time we have grown revenues by more than 190%. It is the first year we have recorded an EBITDA profit and the first year we have achieved a profit before tax – a year ahead of schedule.” He added that “after years of considered investment and planning, Playstack has come of age.” |
Posted at 06/1/2025 12:58 by z1co Huge rerate for TRU in 2025 |
Posted at 28/11/2024 13:36 by cottoner Disclosure: I'm not a gamer, I've never played Balatro and I'm pretty sure I never will, my interest is purely as an investment opportunity.However according to reports online, it seems that many of the gamers who do play Balatro become quite addicted to it. On 18th Nov TRU issued a TU which started: TruFin is pleased to announce that it expects revenues for the 12 months ending 31 December 2024 to be significantly ahead of market expectations at more than £42m (FY23: £18.1m), representing year-on-year growth in excess of 132%. This has predominately been driven by a strong performance from the console and mobile divisions of Playstack Ltd ("Playstack"). On Nov 19th the 2024 Games Awards announced the nominated video games across the different categories. Balatro were nominated in 5 categories: Best Mobile Game Best Independent Game Best Debut Indie Game Best Game Direction Game of the Year The Best Debut Indie Game sounds a big possibility and many appear to be saying it has a chance of the Big one, The Game of the Year. However many gamers hadn't even heard of Balatro until the Games Award nominations were announced and this has caused a another spike of sales of Balatro. The Games Award event takes place in LA on Dec 13th. If Balatro did win any/or several awards then expect a further surge in sales. Basically I believe that due to the above TRU will beat their current expectations for revenue for year ending 2024 and going forward based on Baltro's future potential and other games Playstack have going forward. Just purely as a Playstack play I see TRU as a good bet. |
Posted at 28/11/2024 12:36 by sphere25 Had a little short term trade here at 70p.The short version: Is this going to breakout above 70p? Someone is coming in here mopping up quietly in the background. Market makers are moving higher here today as well. The less short version: Encouraging update after that big contract loss. Is it true that they're in talks with other big players for Satago? No idea how that plays out. Not familiar with this one. Just wondering if that update has surprised (and how big could Balatro be?) the market enough to cause a breakout above 70p. Watching someone picking up some decent blocks here. Someone has come in for 550k @67p, bits have gone through at around the mid point of 69p and there are currently three delayed prints of 150k @ 69.4p showing on the book today so clearly accumulation going on. That chart could carry momentum if it can break 70p. Two market makers have moved up this morning to 69p so it is four on the bid at 69p versus one at 70p. That doesn't mean it is going to breakout, don't know how big that seller at 70p is, but it looks like shares on offer are drying up with only smaller parcels available now. This is all high level stuff that I'm piecing together as I go along, but it looks like there is some decent growth here. It is EBITDAAAAAAA though, never tells the story, but the market values this stuff on EBITDAAAAAA so here goes: "As a result, the Board expects 2026 revenues for the Group to be more than £55m with an expected Group EBITDA margin of no less than 20%" £11squillion of EBITDAAAAAA versus a market cap of £74m with a clean looking balance sheet (i.e. not burdened by whopping debt or huge payables) with about £10m of cash. So on that suspect metric, it is a bargain! Maybe they are buying in size recently because Balatro is going to be bigger than they thought? Maybe a big hit, here to stay? There is alot more to this company of course, but I don't have the time to look in. I just try and look for quick trades. Over to you, TRU experts and long term holders...and maybe Balatro enthusiasts. So can it break above 70p for some chart momentum? It is an exit and little loss if it goes stale here. All imo DYOR |
Posted at 18/11/2024 12:02 by martinmc123 4*Trufin issued a bumper update this morning, the Group expects revenues for the 12 months ending 31 December 2024 to be significantly ahead of market expectations at more than £42m (FY23: £18.1m), representing year-on-year growth in excess of 132%. This has predominately been driven by a strong performance from the console and mobile divisions of Playstack Ltd. As a result the Group is on track to record its first year of positive EBITDA, at no less than £3.5m (FY23: £(3.5)m), also...from WeaalthOracle wealthoracle.co.uk/d |
Posted at 17/9/2024 06:41 by hatfullofsky TruFin Delivers Maiden First Half Profit as Playstack SoarsExceptional results from Playstack |
Posted at 22/2/2024 07:55 by sev22 Playstack Limited ("Playstack") releases its fastest selling game. |
Posted at 10/12/2021 13:44 by padherf https://www.voxmarke |
Posted at 16/12/2020 08:55 by jibba jabber No one knows about TRU, the message needs to be spread to get buyers in |
Posted at 11/12/2020 12:37 by genierub Have a feeling this is going to rocket this afternoon having reached 89p already. All eyes on Tru for a Friday finish.NT every few minutes. Buys disguised as sells Market makers absolutely fishing and not letting you buy in bulk. Im calling it now. Big finish here with a massive gap up on Mon. |
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