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The BODs statement from March 2021
"the Company is well capitalised to continue to deliver on its objectives, with an increased cash position of £1.8m compared to £1.6m at the start of the period."
What happened a year later - a massively discounted and signposted to mates fundraise .
Actions speak loader than words IMHO.
The Outlook quoted by the BOD stated :
"The fundraise provides the runway needed for the Company to be profitable on a month by month basis in 2023."
".....the long-term prospects or future pathway to profitability in 2023."
this is useful, thanks for posting.
It does show the potential growth for GDM, which is fantastic.
My only slightly negative comment is that whilst i agree GFIN should be profitable in 2023 (so the year from 1/7/22) that doesn't mean it will be profitable on 1/7/22 as stated. If it makes a H1 loss and and larger H2 profit then it is profitable for the year - just saying.
Hi All,
Here is some info that maybe useful thanks to @Starpunchshares
https://twitter.com/Starpunchshares/status/1512051897561239552?s=20&t=rnuOP3ZwmBrvmzyYVzB7zw
Kev
rolybirkin,
yes..all correct....thanks.....they are burning about £100k a month of "Net cash used by operating activities" in H1.. so...the cash level supports that now..with the fund raise....however I think that fund raise did p*iss off a lot of people though especially with the added shares and warrants ..
I think the "gain" will have to come from a bounce off any oversold level because once a valuation is recovered the number of shares makes further increases much harder
Best of luck
Understand your point Pokerchips and agree, but revenue will be booked as revenue and costs (such as a percentage of revenues) will be booked as a cost of sale.
It may mean GFIN take longer than originally expected (this was noted in the last set of accounts) to get to break even but there will likely be revenue growth.
Guidance for 2022 (year to end June) ranges between £7m and £7.5m and I have taken a lowball number of £6.6m (two rimes 1H) and comfortable cheap at that level.
Overall, stocks like GFIN look cheap compared to many others being valued at 2.28 times 2021 revenues - similar sector BIDS is valued at almost 10 times 2021 revenues as an example.
Not trying to talk up GFIN. Just comfortable at this valuation .
roleybirkin
Keep a track on what they still owe the acquisitions , in terms of slices of near- term revenues etc etc ..and the cash to costs levels.... this market is coming into the summer where there is a lull in activity...pick up again in the Autumn/winter where the strengths should return ...if...the world is in a better place than now ( hopefully so) !!!
The valuation is now a little over £13m which seems low given the interim revenue of £3.3m.
Assuming no growth for the 2H and the company would be announcing £6.6m for the year...
So the company is now valued on just 2 times the lowest revenue number likely.
What we also know is that January, February and then March all saw GDM unique views per month rise from Decembers 13.9m to March being around 17.5m so extremely positive.
All in all, the shares look cheap unless there is something we have not been told???
x5 multiplier ....?
with a staggering number of shares ...now ridiculously at 1.3 BILLION ...they have totally f*cked up any chance of getting to those kind of multiples .... not to forget the massive number of warrants outstanding to add even more to the share ballooning population
At some point in the future they will probably consolidate the shares to basically make that outrageously massive number magically disappear.....
BOD have managed the dilution situation in a pretty BAD manner...but then again their friends are there in the City whom they splash warrants at and kneel at their feet...... private investors are like pigeons to them ..a f*cking nuisance
You be waiting a long time for 5X multiplier from Gfinity