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The last we heard formally on Yentra was the interims, which said it is “working to onboard initial partners”
But the Koneqt site says Evolve is already being deployed across at least industrial recycling, fleet operations and education, and it seems likely into tier one banks and the worlds first carbon credit exchange!
Most CEO’s would announce first customers on a new JV. Don’t know why ours is different!
Yep
In the absence of news were left with conjecture. But apart from anything the WPP piece does demonstrate their focus on contextual targeting.
TBH I’ve never really looked into a tie up with a really big name - just seemed to pie in the sky.
But when you listen to DH in his interview, and take the WPP piece, perhaps it’s not so unlikely…
Interesting - but still waiting.
News soon I hope.
Well put. This is languishing because people are getting impatient at not getting any updates, admittedly me included. But that doesn’t change the fundamentals, and news will come.
Honestly, at this price I’d be scooping up stock if I wasn’t already fully loaded.
I keep asking myself why DH steadfastly refuses to give news when we KNOW there is so much he could be telling us. Either he just can’t be bothered (possible but unlikely), news isn’t as we hope (but then, apart from the silence, absolutely nothing points to that, quite the opposite in fact), or he is waiting on something or otherwise restricted.
As a glass half full chap I’m hoping that the current silence, in the context of everything else, points to big news coming. And if that happens this will explode.
Very happy to have loaded here in size in April.
Underwater on paper for now. But content to wait for news on all fronts.
Believe the 3 legs of my investment criteria are covered:
*right business areas/assets
*the right management of those businesses
* enough cash
Time will tell in short order.
Well, a quiet but solid day today.
I'm no real chartist but do have two observations.
The 50DMA is within a hairs breadth of crossing above the 200DMA for the first time since October. A Golden Cross. Yes, I know its a lagging indicator, but still....!
The candlestick pattern over the last few days is a classic bull hammer reversal, even if its weakened by the low volume today.
Tomorrow would be a great day for news given this set up!
Me too Cityal. Feels like a base here and a real opportunity for some.
£2m MC is just ridiculous.
Maybe seller/sellers exhausted, if so leaves it clear for some positive news flow from DH, RNS preferable to tweets. On the basis of what we already know £2m+ m/c is a pittance, when the news starts I would expect a big move upwards.
Sorry, the actual phrase used by pubx was "scale our battle TESTED agentic marketplace"
This is just it though. He seems happy to leave an information vacuum which then naturally drives FUD.
I'm baffled and frustrated, but then almost every day I read something else that renews my confidence.
Yesterday, for example, Pubx announced the appointment of a new stack engineer. That was tame in itself, but in the same post they talked about scaling their "battle hardened" agentic marketplace. Now, I wasn't really sure if that was still in build or not, but the reality seems to been that its in market, already been piloted/tested, and is now getting fully scaled (hence the significant hiring into America).
Recognising of course that whilst Pubx have confirmed our partnership, DH hasn'tyet beyond a cryptic tweet. Why he doesn't I don't know.
But as a little snippet, I got into private conversation with Natie over linkedin a few days ago, and whilst he was naturally cautious about saying anything he was clear that there has been a lot going on with Yentra than he can currently talk about, but they he will shortly be posting much more about it directly. Whether that happens I don't know, but again it gives me confidence that we really arent being told anywhere near the full story with either CIQ or Yentra and it is just a matter of time.
Lets see eh!
Company is in good shape, plenty to look forward and can't see DH diluting at these levels. Could turn out to be a great top up before news
Hope so
Not so sure, looks like a fishing trip to me...we'll see
Started: Tritoretire, 11 May 2026 17:44
Last post: Muck165, 5 days ago
These are all possibilities.
Very mindful, however, that excitement grew here after 2025 Cannes, nearly a year ago, when CIQ posted they were “finalising deals”.
We could get news anytime on CIQ deals or the Pubx partnership.
Equally on Yentra, regarding the whole host of actual deployments and partnerships now made clear on Koneqt.com, that go well beyond the TTRO and ESG partnerships we’ve been told about formally.
Any normal CEO would be chomping at the bit to update us on all this. It’s baffling DH doesn’t.
Perhaps we should think ourselves lucky that we do know whilst the rest of the mkt doesn’t!
Industry conferences for the remainder of 2026 - critical for Connected IQ, as these events typically serve as the stage for unveiling performance data and new AI agent capabilities.
Key Q2 & Q3 Industry Events (2026)
• AdExchanger Programmatic AI (18-20 May - Las Vegas): A primary venue for deep technical dives into the "agentic shift".
CIQ Relevance: Expect discussions on how AgenticOS signals are evolving.
• IAB UK AI Growth Summit (May 21, 2026 - London)
CIQ Relevance: This summit focuses exclusively on how AI is reshaping advertising via live demos and hands-on showcases. It aligns with Gfinity’s push to demonstrate CIQ’s market-leading logo and emotion detection models.
• Programmatic Pioneers Summit (2-3 June - London): This event focuses on mastering automation and AI. It is a key opportunity for Brkthru to present real-world case studies of their autonomous traders.
CIQ Relevance: Recognized as Europe’s leading programmatic event, its 2026 agenda specifically covers Enhancing Contextual Targeting and the use of AI to enhance creativity. CIQ’s core value is its privacy-compliant, contextual video marketing, which is a primary theme here.
• The AI Summit London (10–11 June): Focuses on enterprise AI and automation at scale-ideal for proving the ROI of Connected IQ's visual signals.
• Cannes Lions International Festival of Creativity (22–26 June): The most influential event on the calendar. In 2026, Cannes Lions has introduced a new AI Craft subcategory. PubMatic typically hosts major networking and strategy sessions here to showcase platform innovations like AgenticOS.
CIQ Relevance: This global flagship event for brand leaders and tech innovators is where major agencies-many of whom Gfinity is currently in commercial discussions with-convene to source new technology.
• AI World Congress (June 23–24, 2026 – London)
CIQ Relevance: A dedicated forum for AI ecosystem professionals, focusing on enterprise AI trends and adoption.
Reckon he’s just buying a bit more time, then will release a number of big RNSs.
Plenty of CIQ related conferences coming up in May and June. Think he will time different bits of news to correspond with these events.
Must be plenty of news to be released can’t think of another reason why he would delay!
Frustrating but sure it will be worthwhile.
Holding strong and long.
P#ssing me right off, Muck!
Well, he’s just posted again…
Getting irritating now.
https://x.com/TheDavidHalley/status/2053753727572443252
It’s just so confusing and frustrating.
We know, for a fact, that more has been going on with CIQ and Yentra than were being formally told.
Most CEOs would be champing at the bit to highlight it.
So why isn’t DH? The longer he leaves it, the more the market will fear it’s just fluff.
But then I’m a glass half full kind of chap. If he doesn’t think the Pubx partnership, Pubmatic partnership, actual Evolve deployments across fleet operations, tier one banks, industrial recycling (to name a few), along with Edlatam as a distribution partner are worthy of an RNS, then when we get an RNS it should be huge!
And tbh, I think it will be utterly criminal if CIQ and Yentra don’t make hay given their positioning, which will make our current MCAP look like chicken feed.
These tweets are all well and good as far as the bigger picture is concerned, we need updates on the progress of our company by way of RNS preferably, I hope we have not been spun a story by DH for reasons we are unaware of. I have a reasonable holding and fully understand the tricks played by some AIM companies. On paper this looks good and on DH last podcast he put the case for positivity very well. Fingers crossed.
Still no news - disappointing :(
Another from DH
https://x.com/TheDavidHalley/status/2053543417557197288
DH posted about the new Yentra site today.
https://x.com/TheDavidHalley/status/2053045104797954390
It’s pretty innocuous by itself. What isn’t is that as of right now, it’s had nearly 90k views! This is from an account that only has 261 followers.
I think he is looking to drip feed Pompal.
I just don’t think he’s started the drip yet.
But I think that’s coming imminently because those warrants expire in about 3 months.
Hi Muck, maybe that’s the case but what would be the benefit of that. Surely it’s better to drip feed the market with good news, for a sustained rise? They need the SP above 0.12 for five consecutive days(I think) to action warrants. Putting it all out in one go would likely create a P&D.
DH has now posted the correct article he meant to post this morning.
Omnicom the largest advertising agency in the world.
Complete conjecture at this stage but could a tie up with CIQ be on the cards via a white label product.
Many dots lead that way. Let’s see!!
https://x.com/thedavidhalley/status/2052388591439942081?s=46&t=iMXjikbR1K9rsYxwYT_fXQ
Can’t argue with that Pompal. A year of discussions, tests, pilots and market infrastructure integrations and partnerships.
The market now needs to see the results of what we are told is market leading, in demand, scaleable, and cost efficient tech.
Jarv, he’s been tweeting that for a year. In that year, we haven’t announced one contract. Not one.
Forgot this little snippet
https://www.linkedin.com/jobs/view/business-development-director-at-pubx-4405555632/
So, having just hired a President -North America, Pubx are now hiring for a US Business Development Director to support her.
Anyone who follows Pubx cannot have failed to note the very significant increase in their hiring over the last 6 months but particularly from Feb, to include engineers, stack developers, product manager, and business development and sales guys. Equally this latest listing confirms they have 35 people but a profitable - you do the math on what revenue they must be generating to cover even that cost. And on top of that CH records show they continue to attract funding and are bringing serious industry counterparts onto their share register.
The point is, they are a serious and growing company that are going all in on their new AgenticOS marketplace. We are a confirmed partner, and for lots of reasons I won’t regurgitate, I think an integral one. The difficulty really is that DH just hasn’t confirmed it with any detail yet.
That’s part of the news I think he’s building for release.
And remember Pubx are just one partner. We’re already integrated into IRIS.TV for inventory and partnered with two of the largest SSP”s for scale, including Pubmatic that are truly leading the AgenticOS charge.
Honestly, DH needs to be shot if he can’t make serious money here given all the positioning
I think that's most likely the case Mac.
Just some little observations from today;
1. We bounced off the 200 DMA support....again.
2. Natie has continued his almost daily posts but is now regularly tagging two more people - one is a partner at Baker Tilley and the other is Head of Visa Direct UK and Ireland. May be nothing, but in the past I've highlighted that he was tagging the CDEO of Edlatam and postulated they might be working together, and that proved true. So it may well be that Yentra is working with Visa ( the new Koneqt site does talk about a tier one bank - not quite the same I admit, but...), and could be working with BT (which would be great) but even better using BT as an in for all its audit customers. All conjecture I know.
3) the closing auction was interesting. We have a bidder wanting about 170k at 0.57 and a seller offering 274k at 0.55. We crossed for the whole 274k at 0.57, which meant that whoever was buying was prepared to chase the stock. Tomorrows opening auction may prove interesting.
4 - We had another MM join the book today - Singer. Now a MM only ever joins the book if its worth their while, ie they expect to make money through increased trading activity. I admit, that could be selling or buying - the MM doesn't care. Some might worry its a precursor to a raise and I suppose that's possible. But I think it very unlikely, not least because Halley only said a couple of weeks ago that we are fine for cash, our burn is negligible (and if the interims are to be believed then we should currently be seeing a significant increase in revenue)k and because every other raise here has been Company led and not broker led.
I've already got too much stock here but against my better judgement I added a further 7m this afternoon. I'm confident in what we have here and am just as frustrated that DH seems intent on not updating us. But I truly do think he is building the pressure in the cooker, and wanting to time its release. If I'm wrong then I'll just have to suck it up!!
GLA
Mac.... lets hope so
Probably just an impatient investor, we are due an update but it's a waiting game
On a postcard please, who is the seller?
Muck keep up the good work, GFIN is indeed looking very interesting
Some interesting and very encouraging CTV stats and forecasts here
https://www.stackadapt.com/resources/blog/connected-tv-stats
CIQ is riding 2 huge waves, Agentic and CTV.
Both are cresting.
£3m MCAP seems utterly daft to me
Interesting to see DH tweet this same Pubmatic piece yesterday, along with a comment.
https://x.com/TheDavidHalley/status/2049137850755534983
“ The agentic move in advertising continues. It is the logical path and CIQ stands to benefit.
CTV and online video is the future of media, and understanding the contents of millions of hours of video is the only true way to advertise there compared to linear tv (defined programs, easy context eg Coronation Street) and websites (first party data is enough)”
Pubmatic released this today, clearly showing how its agentic curation and buying platform is accelerating globally.
https://pubmatic.com/news/pubmatics-agenticos-accelerates-globally-as-agentic-campaigns-unlock-efficiency-and-performance/
I think this is the bit to take special note of
“AgenticOS, launched at CES in January 2026, is an operating system of more than 20 agents that includes: Audience Discovery, Inventory Marketplace and Curation, Media Activation, including brand safety and budget capping, Deal Management, Fee Transparency, and Insightd, and connects to partner agents, inventory and data partners through current and new protocols. These agents operate across PubMatic’s compounding assets: premium inventory spanning 2,000+ publishers and 100,000+ sites/apps (including 28 of the top 30 global streamers), a data ecosystem of 200+ data and commerce media partners giving agents continuously learning targeting and audience capabilities, direct activation and interoperability through Activate, enabling real-time buying without intermediaries. This all sits on the most advanced owned and operated infrastructure purpose-built for accelerated computing and analytics”
Exactly what I’ve been saying here. CIQ is a data partner providing insights. Any agency or brand using AgenticOS gets an automatically curated solution from across the Pubmatic data partners, including us. If we cut the mustard, the agents should choose us, and one of the metrics will be cost. That, according to DH, is where we smash the competition.
Whatever else, this piece clearly demonstrates that CIQ is superbly positioned to benefit from a “ validated behavioral shift in digital advertising”
Someone took it. Bid now 0.056.
Had a ‘Corporate Update’ on 2nd May last year, FWIW.
Just before the opening auction finished our 10m bidder showed their hand again at 0.6. No takers. Demand is there.
Thks DJP...
Your getting confused with Guild esports which changed name to ALRT - he has no association with GFIN.
The sellers are just PI’s getting bored, largest holders here are management, Robert Keith the CIQ licence holder and Pubx linked shareholder and Farzad GANA director - even if it was Farzad selling, he would be long gone now as he has around 3%
Just small traders jumping in and out for tiny profits and/or losses. Holding here for newsflow that’s incoming as per David Halleys recent Interview
Think David Beckham has a legacy shareholding here, does he still have it? could he be the seller, he really has no purpose here anymore.
Started: Muck165, 17 Apr 2026 12:41
Last post: Muck165, 24 Apr 2026
The real frustration for me Pompal is that the scale of opportunity here really is blue sky. Its no exaggeration for me to say that CTV, and contextual targeting is at the absolute forefront of the whole structural shift in privacy first brand safe advertising driven by an agentic buying process.
By way of example, Pubmatic just released their Q1 results, surpassing the guidance range and saying ;
"Agentic AI is creating a structural shift that is redefining the entire digital advertising market. Our AI solutions are seeing the fastest adoption of any product launch in our history."
I’ve been honored to lead our Americas business and witness the acceleration in AI adoption and CTV momentum firsthand"
CIQ is one of their AI partners, but we're also partnered with Magnite and I'm sure Pubx, and are told we have a direct user plug in.
Our routes to market are there, our scale potential is there, are costs are super attractive. I just wish that Halley would give us a bit more than "we're in demand", "expect significant revenue growth", "in discussions etc". Show me how that demand and discussions are translating into real commercial traction! That is what the market is looking for now.
https://investors.pubmatic.com/news-releases/news-release-details/pubmatic-reports-preliminary-first-quarter-2026-revenue-and
Muck, it is so frustrating. I do feel that we’re on the verge of multiple announcements but there is a niggling element of doubt, given Halleys form. He can post/tweet away and give an interview(which was hugely encouraging) but as I’ve said before, the market will only listen to Regulatory releases. We’ve had nothing and he really needs to put up now.
There’s certainly a bit of frustration out there.
The fact is, the CIQ update given in the interims almost mirrors that given in the May 25 update - CIQ getting first revenue, in discussions with major agencies, and white labelling.
So what has happened in the 11 months since May? We don’t really know. We can only infer from the hiring, the web overhaul, and Halley’s general positivity and calmness. And we certainly at the forefront of everything going on in the industry, and are told we’re in demand.
The potential is huge. Traders looking for a spike know that, hence the weird daily buying and selling as they take a chance and lose patience when news doesn’t fall in their lap.
All that said, I do think shareholders deserve a bit more comms and transparency from DH.
City, there are possibly many sellers that came in the hope of news and are now getting bored. This is still hanging around the 0.06 region so not all bad.
Appreciate your positive tones, a lot makes sense however price action is getting very frustrating and does not instill confidence....who is this bloody seller?
Started: Hightower, 24 Apr 2026 13:28
Last post: Hightower, 24 Apr 2026
I have a strong feeling
Let's see
Started: cityal, 24 Apr 2026 12:37
Last post: cityal, 24 Apr 2026
As much as I am a little despondent with the price action at present I am still bullish medium to longer term, when this selling does stop the book could turn very abruptly to the upside.
Don’t know if anyone noticed, but we had a bidder wanting 10m shares in the auction just now.
They came in offering to pay 0.058 but got no takers, so lifted to 0.059 and still got no takers.
It’s rare to get any auction interest here, let alone for that size. Suggests we have strong background buyer support.
And equally, there’s plenty of liquidity currently for anyone wanting to hit the bid. They just aren’t. So feels like after a period of consolidation we have a stickier base of holders.
So Pubx just announced a new appointment of President - North America, to support their "rapid global expansion"
https://www.linkedin.com/posts/pubxai_northamerica-agenticai-pubtech-activity-7452746904674709504-L6aE?utm_source=share&utm_medium=member_desktop&rcm=ACoAAEuI5eIBooawepY_Ubn_CKcFOzTXAaBN1HA
And she is certainly up for the job
https://www.linkedin.com/posts/johannabergqvist_a-toddler-called-charlie-biting-his-brothers-ugcPost-7452754197503959040-SsF7?utm_source=share&utm_medium=member_desktop&rcm=ACoAAEuI5eIBooawepY_Ubn_CKcFOzTXAaBN1HA
I love this bit -
"The advertising industry has long accepted an imbalance: Advertisers get sophisticated AI powered tools inside walled gardens, while publishers outside them are left behind. Ad dollars follow the tooling, not the audiences and independent publishing and journalism pay the price. Over that time, Ad tech has become a value extraction instead of value addition.
pubX is changing that. We've launched the first end to end agentic advertising marketplace, where AI-powered buying and selling agents negotiate directly to create deals traditional programmatic cannot match.
→ For publishers: real representation. First-party data and CONTEXTUAL INTELLIGENCE go straight to buyers. No signal loss. Full transparency. Human in the loop approval on every deal.
I cannot believe that CIQ is not providing this contextual intelligence given Mole has been the Director of the company that owns that IP for the last 2 years, and has confirmed Pubx is partnered wit.h it.
I've said it before but Pubx is going places. Its has truly expanded massively over the last 6 months and is clearly still going with this appointment and, from what she says, further US expansion.
And this is all just in time for the major industry event that Pubx has partnered with next week - POSSIBLE 2026.
I can smell announcements.....!!
Started: Muck165, 22 Apr 2026 20:42
Last post: Muck165, 22 Apr 2026
Beyond the conjecture there’s a simple point.
We could get significant commercial news imminently on CIQ, Yentra, or both.
We’ve had the churn and persistent low price rejection, so price has a strong base to spike from on news.
And if the point is to get warrants in play we’re looking at sustained 0.12.
And if we can get to 0.15 then charts show us there’s almost no resistance all the way up to 0.75. Might sound ridiculous or rampy, but that is the potential here.
For my money, the risk reward here is significantly skewed to the upside. But each to their own.
All eyes on CIQ at the mo, but here’s a strong possibility for Yentra.
A few weeks ago TTRO launched Red Horizon - https://connect.ttro.com/RedHorizon/
It’s a metaverse-based strategic simulation where leadership teams make decisions in real-time scenarios, which are then EVALUATED by an “AI Chairman” to create a bespoke, real time and evolving learning environment.
Publicly, the structure appears to be:
1) UBU is the company providing the metaverse / simulation environment. The VR platform if you like.
2) TTRO provides the scenario designs and leadership training framework. The data and educational insight.
But what isn’t clear is who is providing the AI evaluation layer (“AI Chairman”), which is not clearly attributed anywhere as far as I can see.
8 months ago we announced a partnership between TTRO and Yentra.AI focused on sovereign, agentic AI for enterprise training and adaptive learning systems. So there is a very clear overlap and so I think it is, at the very least, plausible that Yentra could have designed and implemented the critical AI decisioning/evaluation layer for Red Horizon, particularly for scoring decisions and adaptive feedback within simulations.
Of course, we might actually have nothing to do with it! But if that’s the case then what have we been doing with TTRO for the last 8 months, why did DH tweet in Feb that a Yentra update would be coming soon, and why has the Yentra site been updated to say it’s “CURRENTLY IMPLEMENTING groundbreaking sustainable sovereign AI initiatives.”
And then there is the fact that the Director of Leadership at TTRO (a South African based company) is one Julie RAUTENBACH. Coincidence or relative of our very own, South African, Ignatius Rautenbach?
https://www.linkedin.com/posts/julie-rautenbach-a2055821_futureoflearning-executiveeducation-leadershipinnovation-activity-7452288237387124736-2s6q?utm_source=share&utm_medium=member_desktop&rcm=ACoAAEuI5eIBooawepY_Ubn_CKcFOzTXAaBN1HA
And lastly, I’ve noted on here before that Natie routinely tags both the CEO of TTRO and the CEO of the Edlatam Alliance (and now Co-Chair of the Global Alliance of Alliances) in his many LinkedIn posts about Evolve. Doesn’t take much to see how any involvement with Red Horizon could move across to other educational ecosystems. Our Sept 25 RNS did say, after all, that “ This partnership blends Yentra's commercial technology expertise with TTRO's training, academic and educational depth. Beyond initial deployment, the collaboration envisions long-term implementation and development of real-world AI applications for business, creating a BLUEPRINT for scalable, ethical, and impactful AI solutions.”
All just conjecture, but interesting nonetheless
Started: cityal, 22 Apr 2026 09:03
Last post: Muck165, 22 Apr 2026
Without wanting to speak too soon (!) maybe the book has properly settled after some healthy consolidation and persistent price rejection from buyers?
Plenty of liquidity above quoted bid available for the last couple of hours but no takers, and even the drop this morning was nowhere near the cliff edge we saw yesterday which suggests stronger background bid support.
An then there was the sizeable £10k buy at full Ask just before the morning auction.
Getting the feeling tides may have turned a little.
God knows City. Suspect short term trader(s) waiting for the news and impatient when it doesn't come.
The important thing is that it keeps getting bought back up.
The seller is very persistent, is it just the one? how much more? on a good note there appears to be a buyer for this offload.
Started: Hightower, 21 Apr 2026 21:45
Last post: Hightower, 21 Apr 2026
What's that all about?
Started: parsons4, 16 Apr 2026 12:54
Last post: Muck165, 17 Apr 2026
The point is simple.
DH said buying the option is important. He also said he’s been looking at buying other businesses
But he cannot realistically do either unless the SP rises substantially from here
And I didn’t see anything but calm confidence when he spoke about it.
Well the first slug of warrants, exercisable at 0.09, lapse in August.
And they’re the important ones, because if they’re exercised after a 5 day sustained VWAP of 0.12 then free warrants exercisable at 0.2 are granted.
So if warrants is the plan, DH has until August to get us to a level warrant holders would be happy to exercise at.
We’ve done all the building out. We are apparently in demand, had umpteen discussions, pilots and tests. Commercial news on that basis alone must be imminent, but more so if the warrants are to come into play.
Great posts from Muck !! That has to be the DH plan to grow the company and the share price to at least a level where the warrants are converted. Then to maybe do a final placing to raise any balance needed. By that time of course, we will be aware of the additional income that the purchase of CIQ could generate. Brilliant plan just relying on the continued ramp up of the business. Very happy to be invested here with quite a big holding. GLA
Started: Muck165, 16 Apr 2026 13:21
Last post: Muck165, 16 Apr 2026
And just a few other points before I give it a rest!
DH was appointed in August 2023. He has not been paid since. His incentive wholly aligns with ours.
In that time DH has transformed GFIN into a lean operating machine. It has extremely low burn, plenty of cash, and its only real remaining operating business (GDM) is, we were told in the podcast, profitable and growing at 20% a month.#
So anything that comes from CIQ, Yentra and beyond will be building on extremely solid foundations and driven by a hugely competent and experienced CEO. And as I say, I think that will be significant and high margin.
We had the dot.com boom and the advent of the internet.
That gave rise to a foundational and fundamental change in advertising method.
But now we are living in an AI privacy first cookieless world. More and more people are searching using AI, rather than browsing the web or visiting sites. The open web is dying as an advertising platform.
So we move on to the next foundational and fundamental shift - CTV - by far and away the strongest growing ad market there is.
But just like agencies needed cookies to target web advertising, they need targeting for CTV. That comes from signals, including (and perhaps most importantly) contextual signals.
That is CIQ.
But the CTV market is fragmented with different labelling protocols and process. That is what AdCp is trying to standardise, supported by major players in the game and joined by CIQ and PubX. Why is that important - because it facilitates agentic, autonomous curation and execution of campaign briefs, solutions, prices and deals.
That is what Pubx, with their new market place is doing. And for my money, CIQ is integral to that marketplace, notably providing signal intelligence to enable proper pricing of content.
The CTV ad market last year was $35bn and estimated to grow by nearly 15% CAGR. Just try and think about the infinitesimally small part of that market that CIQ would need to touch, through all of its routes to market (Pubmatic, Magnite, Direct User Interface, Pubx), its huge content inventory from Iris, and given its attractive low cost, to hit just £1m of revenue each year.
And then tell me that sub £3m MCAP is reasonable.
And then just remember that CIQ is just the first stone in the vertically integrated AI low cost high margin group that DH has a vision for, and for which he has already built our the AI infrastructure.
Again, this all wholly ignores the massive potential in Yentra.
Started: Muck165, 14 Apr 2026 23:10
Last post: Muck165, 16 Apr 2026
I checked the warrant poisition.
We issued 3 sets during 2025.
If all three sets, along with the incentive warrants that came with the Feb raise, we exercised, the total raised would be £1.6-£1.7m
But for that to happen the incentive warrants would need to come into play at 0.2. I certainly don't think thats beyond the realms of possibility.
£1.6-£1.7m gets us an awfully long way to the £2m exercise price.
Well researched and explained info, Muck. 👌
Nice holding, too. Let’s hope it all comes good here. I’m not quite at your holding but not too far off and I bought more today, too.
ATB
Sorry, I should of course add in something else here - the warrants.
There are 416m warrants exercisable at 0.09 but their real value comes if they are exercised after a sustained 0,12, because thats when warrant holders become entitled to free warrants. That in itself would bring in c£350k.
But then there is another slug of 215,000 exercisable at 0.15 expiring at the end of the year, and another c190,000 exercisable at 0.095.
These warrants were all granted to those participating in Company Arranged Subscriptions, ie insiders. DH has already talked about getting them in play, and personally I think thats been part of the plan all along.
All in those warrants, if exercised, would get us a fair way to the £2m.
FTM -- Agree!
VIK - Two ways, profit or a raise. But lets put that into some context.
The DH vision for Gfinity is crystal clear - for it to become a vertically integrated AI holding company. He has already told us he has built the AI engine and is comfortable he could slot 50 businesses into it, strip their operational cost almost entirely, and run those businesses off our AI stack with just 2-3 people.
But to buy any more businesses he needs capital. The strategy is simple - buy a business, build it out, generate revenue to buy the next ending up with a suite of operations run at high margin. The potential here is really blue sky.
Then to the nub of your question I think - is £2m going to come from a raise? Well it could - in fact I think its likely. But firstly, there is no way DH would exercise the £2m option and raise to cover it unless it represented value, and for my money that only comes if its generating, AT THE VERY LEAST, £1m of annual revenue coupled growth potential. Currently the whole business is turning over c£500k.
DH said buying the option was important. He's also looked at other businesses to buy. He simply can't do either unless CIQ has been successful enough to warrant his exercising the option. And that means he's expecting significant revenue from CIQ.
And to be frank, its no wonder given how wonderfully positioned CIQ is in terms of its cost, its market, and the positioning its built out over the last year with major partners at the cutting edge of the fundamental and transformative shift in the way the whole adtech market is changing. I encourage everyone just to spend an hour researching and you will quickly see what I mean.
The concern here for everyone, I'm sure, is that we have been told about discussions, major agencies, tests etc for nearly a year, but are yet to see tangible commercial results. Well, DH himself said quite openly that its been quiet on the news front as CIQ has been built out but that we've now reached a turning point with the scale of news and that market interactions will get ramped up.
These are all just my views, and I'd hate for anyone to be influenced by them. But to blow my own trumpet a little, I highlighted the potential Pubx link on here probably 18 months ago, and banged on about it periodically thereafter. That proved correct. I have researched the hell out of this business and truly believe that growth could be extraordinary, especially from what I consider a paltry current MCAP and with a low effective free float.
So much so that I currently hold over 110m shares, and even added a little more today.
I may be wrong, who knows. But ultimately I just don't think the market has put the time into really getting under the hood of what's on offer here.
Muck, this last week's volumes have been pretty impressive. hopefully news coming soon.
Started: fusion_trader, 13 Apr 2026 13:52
Last post: Optic15, 13 Apr 2026
Certainly looks as though .6 is now the base, over the past few sessions it has gone red to blue smoothly, and today, anything under 6 was bought up relatively quickly.
I think £7.5-10m MC is easily achievable relatively short term on the right newsflow 0.14-0.19p
When you look at INSG with a market cap of £22m with less revenue and cash than GFIN with more overheads/larger losses, makes GFIN look a bargain
You say ridiculously low market cap, what are people’s thoughts on a realistic and achievable, not ramptastic, market cap?
Sounds like the interview was lasxt minute too, almost as if he wanted to give the market a heads up
0.07 about to be paid, interview gone down well, and why not, ridiculously low market cap
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