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Another awful repeat interim broadcast from the company, bloody clowns they are
They are certainly super incompetent! Another super drop ahoy
Looking good for a bounce in the GFIN share price now on the back of these numbers:
* H1 Revenue of £4.1m (H1 FY22: £3.3m), 26% up year on year and most encouraging is 106% up on the previous six-months.
* The most impressive messaging however is that GFIN's esports solutions, particularly in the football and motorsports space, has seen revenue shoot up by 70% year on year to £2.5m (H1 FY22: £1.5m).
* Looks like the Saudi Professional League, Formula 1 Esports Series and V10 R League series featuring teams such as Mercedes, Red Bull, McLaren, Ford and Aston Martin are pulling in big numbers. You can't argue with a 70% increase. That's impressive.
* Plus there's an interesting line in the results about "delivering an esports operating plan for a leading UK football club". If this is a Man Utd, Liverpool, Newcastle Utd, Man city kind of brand this could be huge moving forward.
Robert Keith's decision to take a 12.02% holding looks a smart move. Dont forget that Keith is the hi-tech investor, known for his past involvement with Eidos (Lara Croft) and Fast Search & Transferwhich he sold to Microsoft for $1.2bn.
Other noteworthy points today in the RNS include the post-period Playgendary deal with Athlos plus Todd Sitrin, former Head of Competitive Gaming at EA, added to Athlos leadership group as a Strategic Advisor.
This sounds encouraging....
Good luck, Brighty
whats twitter saying? anything else to back this up?
I have noticed on linkedin lots of staff who have worked for gfinity stating they are leaving or I suspect being made redundant? I see this as a good thing. Hopefully, cutting the wage bill in the right place and keeping good employees to bring costs down.
only 10/12 days left for them to exercise their previous warrants, atleast the company could get a massive(!) £3K instead of £25K original price but no, they won't! May be they each awarded themselves a £10K pay rise this time and used that money to buy their placing shares at .15p with warrants at the shareholders expense!
I wouldn't be surprised if Robert Keith would ultimately like to take the company Private and put his own team in charge
Blur Group is now private ..called Maistro now
If it is THE Robert Keith I think it is then his investment in GFIN is very interesting and probably quite significant.
Financial Times: "Keith is a low-profile, hi-tech investor best known for his past involvement with Eidos (which gave us Lara Croft). But he also co-founded, in Oslo, what used to be known as Fast Search & Transfer. It’s now called Microsoft Development Center Norway after Microsoft bought the business for $1.2bn nine years ago, and made it the centerpiece of its enterprise search offering".
https://www.proactiveinvestors.com/companies/news/169194/small-cap-movers-it-s-all-a-blur-as-former-eidos-director-swoops-169194.html
I'd say that today's holding RNS announcing Robert Keith's 12.02% holding is certainly one to watch....
Good luck, Brighty
On another note, see if the following directors exercise their old warrants before 4th April 2023 that they shamelessly gifted themselves for .15p instead of 1.25p at the shareholders expense!
https://twitter.com/Ash_Tech1/status/1625196664565661696
My take is that since they have decimated their investors, at some point they will consolidate the shares (1 for 100 for example) to make it look good to rob their new investors. If you hear anything about consolidation, just run for the hills if you are a holder.
It seems some people are getting carried away, just like the way we did back in March/April 2022 with all the holding RNS. There is nothing wrong with it provided people book their profit ASAP as Traders will definitely pump it to take their 10%/12% and leave naïve the private investors getting trapped and losing money just like us, like a vicious circle. Wait for their results atleast as historically gfinity always disappointed the market, highly doubt it will be exceptional this time considering the whole industry is somewhat dying.
https://esportsgen.com/is-the-esports-industry-slowly-dying-check-details/
GLA
We should be getting the 6 months results during March from GFIN too. On 9th Feb 2023 GFIN confirmed: "The Company intends to publish its unaudited financial results for the six months ended 30 December 2022 during March 2023".
What we also know is that the Company expects to report revenue of £4.1m; an increase of 26% on H1 FY22 and a 106% improvement on the previous 6 months. We've also been told to expect a loss of £0.8m, which will be an improvement of 47% on the previous 6 months.
Maybe that's why Robert Keith is feeling confident to up his holding in GFIN from 5.63% to 12.02%....
Good luck, Brighty
its always great time to buy when IIs loading uppppp
todays TR1 holder paid 0.15 for his shares!!
we are paying 15% less than that!!
Placing was done at 0.15
Currently trading at 0.12?
Should move higher from here!
that is great news
someone is really confident!!
this is the buy zone
SP should move higher from here.
cash is near to mcap now!!
hold tight............ RERATE is coming!!
dyor
lol
What an idiot!
Brighty1
He didn't increase in open market mate, check the crossing date, 7th March 2023, it's his placing share, ofcourse with warrants! I'm just going by the facts. Gfinity was meant to release their half year result mid Feb which has been delayed again and you know what happens with delayed results. It's your money so feel free to trade the way you like but just be careful with this company, it's a value trap! I'm sure you will see a series of big sells soon as warrant holders will sell in any spike.
GL
Nice 10% banked neon old sarrrn.
Pick the bottoms mate. Thats what its all about this game!
Interesting (& encouraging news) to see that Robert Keith has increased his holding from 5.63% to 12.02% (318,477,778 shares) today. What does he know that we don't?....
https://www.londonstockexchange.com/news-article/GFIN/holding-s-in-company/15874557
https://www.marketwatch.com/story/gfinity-s-shareholder-robert-keith-increases-stake-b2572bf0
Good luck, Brighty
gfinity had 1,316 million shares in issue and just confirmed another 1,333 million with warrants to be issued tomorrow taking the total to: 2,649 million. We saw warrant holders always sold constantly no matter what! Company confirmed it's not growing as previously claimed (including their rampy tweets), infact going in reverse with higher cash burn rate and needed £1.5 million minimum as working capital (not product development) to stay afloat so now raised £2 million instead at shareholders expense. Point to be noted in March 2022, they wanted £1 million initially but ended up raising £2.7 million with warrants instead.
It's your money so should be your choice but any private investor out there considering buying this disaster, think again!
Moneysponge, remember MOS and what you did there?
Better oil your own machine, mate!
Neon is the type of guy who's ex girlfriends all have restraining orders against him
Just can't move on can he
lol
and it started already, 0.13 is the current SP, it never gets old lol
I see .07/.08 within days/weeks
lol
you keep buying RazzaB, GL as you will need that.
New shares have been issued apparently, get ready for the warrant holders to start dumping imminently. Rinse and repeat.
This bearish attitude is a buy signal for me.
We are about at bottom.
I don’t think they are fraudsters, just an extremely incompetent management team. CEO is gone, but the CFO who has put through the last two atrocious placings is still around. Why should he still be here when he has no cash flow skills.
Avoid.
Is this the general consensus here?