We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yeah, Hi Woodie.
Trust you are well.
Moz. Glad to see you about.
Woodie Woodstock
People seem to forget we have contracts with, Totum, Toshiba, World skills, Eagle Eye, Valassis, Yoyo Wallet and launchpad is already in the USA as of mid year 2019 with a large un-named retailer across multiple states.
I think there is a few surprises to come with Dev imo.
There are plenty of other Investments, read this mornings Trading Update for PRSM for example.
£74 Million in Cash, at least £98M revenue & significant growth.
SP of £8.80 looks mighty cheap.
John Henry, good morning.
As you know, I had a big holding here but reduced by 90% when I became aware VR Education had launched a similar product with the same Name ‘Educate’ - and Facebook partnered with them via the Oculus hardware.
I am concerned that at some point there may be a legal disagreement between VR Education & DEV Clever over this, but in any case, it’s confusing to the consumer.
The following week DEV announced their update and the SP dropped from 3p ish to around 2p, the market didn’t like the ‘10% of the £100M market by 2023’, the time frame suggested revenue ‘drag’.
Lastly their are 2 remaining issues, illiquidity & 1p IPO sellers.
However, the IPO sellers by now must be getting pretty low although we need a Holdings update.
The illiquidity causes rapid shifts in the SP which makes it volatile, so big red days are in turn followed by big blue ones, but it’s not a comfortable investment right now.
I do remain interested in DEV & maintain a small holding, would I increase it again? perhaps further down the line when we see some revenue figures & an update on the gamification business, we’re certainly partnering with some global majors.
Thanks for your help.
If you Google Vanguard Fight for Rudiarius and look at the gamer reviews they are very positive. Also it is multi platform ..PC Xbox PlayStation and mobile. I don't think it can be too far away from release just awaiting news. Plenty to come here. GL whatever you choose to do.
OK thanks. I noticed that upon rereading it. A mistake born of spending too much time around resource stocks, lol. Thanks my friend.
What's the deal with the video game? Does it have a real shot at success or is it just a gimmicky thing?
For starters the UK market is worth in excess of £100 Million PER ANNUM.
Fair enough, I only looked quickly at the numbers so they may be incorrect as per the disclaimer in my post. I'd appreciate a few pointers as to where I'm going wrong though. If you don't mind, that would be great.
Alwayswinning May I suggest you reread the strategic update, your figures are all wrong.
.........Not an expert on this by any means so feel free to correct me.
I've noticed a bit of a buzz around this lately and thought I'd check it out.
So correct me if I'm wrong, the main service DEV is offering is the VR tech aimed at educational institutions. It said the UK market was worth around £100m in total and DEV is targeting 10% of it by 2023. That's £10m and the company is already valued at that so there's not much value here currently based on that alone.
The North American market is estimated to be worth £600m. How much of that DEV can realistically target is up in the air I suppose, so let's say 5%, given ( I'd imagine at least) increased competition North America, if not now, then soon. That's £30m. It would also take a longer for that to come to fruition I'd imagine given the structure of the North American market for this service.
So by my calculations, and I could well be wrong, so please correct me if I am. They're targeting at a very rough estimate a market share worth £40m over the next 5-6 years or thereabouts. Again, assumptions have been made to arrive at this as per my calculations above.
I don't know about the other areas of the business, but I assume that's the biggest area and to be brutally honest, it doesn't seem all that impressive given this is already valued at £10m
I don't know enough about the video game thing, is that worth anything?
If anyone could fill me in on any other important areas of the business I've overlooked I'd appreciate it.