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Sorry massive 150K sale
Only an 8 bag from here then...
You never know, this could be the time they get it right
I got in at 5.55p eventually only 2.5k but seems ridiculously cheap
There was a massive 250k sale @ 5p which I am hoping they wanted to fill and now i should at least do 20% here I'm hoping at which point I'll probably take the quick 500 profit
Haha let's see if it works out that way
That's why I'm puzzles, thought I might have missed something. This is crazy cheap for the back catalogue and IPs alone in my view, someone would probably pay this just for the Hello Neighbour brand.
Not a great RNS but is it the Titanic?
I g still can’t buy any
Available now, I'm in at this price reckon we'll at least see a dead cat bounce
Same here
Me too scmdcyp but thank god as I started trying to buy at 9.50p
I have tried to buy all morning not a buy at all available
Where is the bottom Now 84% down
What is particularly crooked is the then unexplained drop leading up to this, happens far too often in these small caps where insiders are given a heads up to exit and PIs last to know.
Still could be worth a punt at this price. Clearly current strategy isn't working, needs an absolute boardroom clearout. Current management could even be a total lost cause but at this price could still be value integrated with a proper dev company like Keyword Studios.
The average profit Warning takes around 1 year to recover. Is this were we all say "I'm going long" as is there hope? Or cut losses? £5k loss.
Surely the back catalogue is worth more than the current Mcap now? Wouldn't surprise me to see another big studio mop up a load and then try to force taking it private.
She's not even a proven investor! I don't know why people would listen to these "so-called" journalists, who are required to complete articles on a deadline. The real investor does forensic research.
The Sunday Times recommended it before Christmas at 110p as well! It was blatantly a paid for column & likely dragged dozens of naive PI's into providing exit liquidity for some spivs. If that wasn't enough, you then had the CEO using paid twitter posts to claim this was the most undervalued listed gaming company when shares were ~48p. All the while there has been stock getting offloaded in chunks. Today we see why.
Get out and put your money in gold
Now I'm feeling sorry for myself too.
Have they actually released numbers though? Can't see anything in the RNS on here.
This was recommended by Sunday Times in April. https://www.thetimes.co.uk/article/share-tip-tinybuild-has-big-potential-j57bhhp06 Always thought this tipster was a bit of a blagger, that's confirmed it.
Yes. Appointing someone internal and who is horrendously under qualified screams there's more to come here.
This was the bet though - is the CEO a genius who has the ability to run a listed company of disparate game companies, keeping spend and operations under control? Sadly, the answer is an emphatic no.
Perhaps you can hide it when the tide is out and games are selling well. But a couple of poor releases and lack of investment from the big players and the rug has been pulled out.
Expensive lesson.
I feel sick, I'm averaged at 57p a share. This is joke.
Thanks for the feedback
Yep, the funniest bit was the reference to him winning stock picker of the year in 2019...what a qualification for the job. The previous CFO wasn't qualified either so no surprise they've gone for someone internal. IMO no serious CFO would touch this with a bargepole as controlling the desires of the CEO will be next to impossible.
Anyone buying after that sh*tshow of an RNS is utterly mad.
Well, we can see why all the fund managers were selling. God knows why some of them were buying.
I think the worst bit about the update (and that is saying something) is appointing someone internal as the new CFO. This company clearly needs far better controls. The new CFO was previous head of M&A (which failed) and has a masters degree in finance!? Lord help us.
Well the rot has stopped. The Bookwalker (latest game release on 22nd June) is getting great reviews. A healthy number of players according to Steam DB. Isn't a game changed but is a good example of their decentralised, portfolio approach in action - some developers will release great games, some poor, and the bet is that the great ones make up for the poor ones.
https://steamdb.info/publisher/tinyBuild/
Orangetree your graph would benefit from including net debt / cash to contextualise their spend. They raised a large amount at IPO. They're intentionally spending that on game development. If they've managed cash well, it should be at its lowest right now before rebuilding following the game releases. Managed poorly and they'll need another raise.