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Pros:
"The Company has also made extensive cost savings across the business and the monthly cost base in July will be £185k (annualised at £2.2m) compared to a monthly average of £600k in H1 FY23. The Company currently has cash reserves of £0.4m. The Directors believe that these cost savings provide the Directors with an organisation that can achieve operating profitability on an EBITDA basis in the near term."
No further cash raise required:
"Chairman, Neville Upton commented "This has been a difficult year for Digital Media with the Company having losses across all verticals, however after a significant re-structuring, we are confident that Gfinity will flourish without the requirement to raise further working capital. By focussing on our core web offering for Gamers, we are able to remove the capital intensive businesses of software development and esports events, and focus on returning to a positive return on investment. We will update the shareholders shortly on a more detailed strategy."
The non exec director resigning is a big clue.
They will say they cant justify costs of listing and lack of liquidity etc
VernetLes, the company has no debt so cancellation is not a possibility IMO.
Bidding would be far easier for the remaining 75% or so shares that are in public hands. 0.50p gets my vote.
DYOR
Why bid when you can threaten cancellation
And BIDS tanking down to 0.5
Think this industry is done
Looks like seller out. Company has no debt and has what looks like a profitable gaming business. The price is a steal down here IMO. Now is the best time for the BOD to make a bid if they are serious about acquiring the rest of the shares - 0.50p per share could be taken up quick IMO.
DYOR
0.065p bid now....hold tight folks, looks like this could be the bottom.
Not much on offer at 0.070p.
DYOR
0.070p bid and punters selling below that. Could be a hell of a bounce from here if the BOD release some positive news.
A bid at even 0.50p would look good now surely??
How low are the MM's going to take the SP? Surely it is a rich picking for the majority holders now. Market cap sub £2m now.
DYOR
30% held between the two.
interest growing in the market, couple of mill here and there,
game is on.
gla
Itv, looking to build on there streaming ,
gfin, is on there short list, and robert keith & john story, know it.
gla. dyor
This is primeing up,
buys coming in.
no brainer,
rto written all over it.
8 bagger , rto
gla
The key risk is that with low cash they announce a delist from Aim
Robert Keith will have the whole company soon for sweet FA IMO.
Not suggesting, by the way, that they will pay their average of about 1.5p to buy it / take it private. Just highlighting that Robert Keith / Charles Street were paying 5p ish back in 2021 for their GFIN shares. Presumably they must have seen something they liked back then....?
Good luck, Brighty
What we do know from the holdings / TR1's is that Charles Street / Robert Keith have been investing in GFIN since at least May 2021 - so not just a recent attempt to buy in cheap - as the share price when he started acquiring the holdings in GFIN was over 5p. Even with his recent buying at much lower prices it would appear that the current average price Charles Street / Robert Keith paid is going to be somewhere over 1.5p...
Good luck, Brighty
Oh the times i've heared that.
If the Directors want to stiff over retail it will 100% happen. See ITS.L etc
In which case the minimum that can be bid is the highest share price that either paid in the past 12 months under Takeover rules.
Interesting one to watch and I have put in 5m tickets to see where this goes.
Interesting that Story and Keith are at 29%
Concert parties perhaps
They will bid as little as they think they can get away with. 0.16 , maybe 0.18 if we are really lucky.
If they are complete sh1sters they will try and mop this up with the threat of cancellation
Yes, something doesn't feel right about the very upbeat guidance dated 31st March and the announcement yesterday. Two months ago they were reporting revenue up by 106% over the last 6 months to £4.1m and we know that Robert Keith has added to his holding in GFIN taking it up to 12.02%. Like you, I do wonder if an MBO or bid at a bargain basement price is being planned? That said, 1p a share would still represent excellent value for the buyers based on the RNS dated 31st March 2023.
Good luck, Brighty
John Story and Robert Keith hold approx 29.3% of GFIN as of 31st March:
John Story 12.6%
Robert Keith 12.0%
Charles Street International Limited (HK) 4.7% (Robert Keith)
https://www.thisismoney.co.uk/money/markets/article-3949568/SMALL-CAP-MOVERS-High-tech-investor-Robert-Keith-takes-strong-Blur-Group.html
Good luck, Brighty
Brighty, with respect a 1p is for the birds.
The rns was mildly downbeat for a reason.
Storey and Keith hold 25%
If they are on board ..it's a done deal
Just above the 0.15 warrants