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Agree when I read through the rns I was pleasantly pleased and looking forward to some positive price action! topped up Monday so kicking myself I didn't wait until today... maybe there was an expectation of more clear indication towards the lloyds contract being solidified.. oh well seems like this is one to forget about for a while and look forward to the jam tomorrow.. still can't believe some bought under 60p ..lucky lucky them!!
Luckily I'm not in this, but have been burnt by one of JW ramps.
He doesn't make people press the buy button obviously but his constant ramping is irresponsible. He creates podcasts and youtube videos for newcomers to the investing world, and then is pretty much at the same time telling them to buy terrible stocks.
I'm not sure how many but a high percentage of his 'tips' have crashed or gone out of business. People need to be wary of his tactics
Perhaps you should pick your own stocks to buy. Did Justin make you click the buy button? Take some responsibility.
Results are NOT terrible!!
A terrible SP reaction but the results are terrible. Revenues up up (good) and all 4 areas of the business are making progress. The lloyds tie up seems to be making great progress so a deal or maybe a buy out seems on the cards (and the trial seems to be holding back revs at the moment) and TRU state they are also speaking with other large commercial partners.
On the negative the overall loss is bigger than i was hoping and cash burn is also bigger than i would like but still loads of cash so not a concern for the next 12 months min.
Keep the faith
H1 results ARE out and the sp has fallen off a cliff. Gullible me was drawn into this by Justin but from now on will sell any share he recommends. His is the kiss of death I am sorry to say
Lloyds trial must be bringing in a fair amount of money and Mortal Shell has been doing incredibly well. Interims out on Wednesday so looking for some sparkling numbers
https://twitter.com/SharePickers?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
says H1 results are out 29th Sept.
It would be nice if Trufin could provide a trading update now that H1 numbers must be compiled.
Based on the April 2021 update, below, it appears Q1 went well so hopefully the momentum has continued into Q2
Current Trading and Prospects
· Group revenues for Q1 2021 were not less than £2.5m (unaudited), representing growth in excess of 20% over the same period in 2020
· Oxygen recorded their fourth consecutive quarter of EBITDA profitability in Q1 2021
· Playstack's first major release, Mortal Shell, is seeing continued growth in 'wish lists' ahead of the Summer 2021 release on the Steam Platform
· Vertus Capital Limited ("Vertus") approved £9.6m in new loan facilities during Q1, compared to new facilities of £4.9m for the whole of 2020
i wonder how much Satago might be worth if Lloyds do try and buy it. If they want exclusivity it will cost them. Alternatively they sign the 5 year contract as previously announced and Trufin can then sell to other banks too - much easier once proof of concept has been proven with one bank. Seems to be a win win for Trufin.
Impatient AIM i think.
Bottom of RNS states "Both parties are keen to work closely and continue the commercial pilot, in which Satago will develop further integrations with the Bank's infrastructure and drive additional reach through Lloyds' regional sales network."
Further integrations with the bank's infrastructure. This is why it is a positive IMHO
"More positive than negative."
Unfortunately the market doesn't think so...
If it was a sure failure they would have had easily enough to sack us off. So a positive. May want to see how we do in normal circumstances. More positive than negative.
pilot extended for another 6 months. Seems a positive - maybe covid has impacted roll out a little so an extension seems sensible. Surely you wouldn't extend something if it wasn't providing value
Would not expect huge revenues from the contract, remember it is a pilot, proof of concept. All that matters is that Lloyds continue. Then the finance structure will ramp up fast and cash will hit bottom line in an enormous way, as it gets rolled across their platform.
Also if it works for Lloyds, it's going to be working plenty for banks internationally. A thumbs up will absolutely turbo charge this business revenue wise and profit wise. Growth can be exponential. Our CEO is ex Merrill and SAC, they got institutions to take the capital quickly on the last raise. Plenty of interest in stock when the concept has been proven.
We also got the gaming business Mortal Shell 2 hitting and the in-game ad business. Our CEO should be able to monetise their offering much more smoothly and proficiently than the BIDS team.
re Lloyds 6 month deal signed on 11/12/20 i'm guessing there will be some lead time to incorporate the software into Lloyds systems. I was expecting this contract to run from early 2021 however thinking about it this integration could easily take 3 or so months so the actual start date could easily be March (ish). If so we might not hear about progress for a bit longer.
Looking at financials for YE 31/12/20 i'm guessing not much of this contract, if any, was included in these figures which in a way is good as it will make 2021 numbers even better (and 2020 revenues increased by 100% anyway).
I will tell you one thing you certainly have failed to live up to your name if you bought at those prices.
This is a mini conglomerate in the making. Plenty of financial fire power behind the company with the arrowgrass boys.
Many areas of growth especially in the games area. If they can get the in game ad business working for them in a better way than Bidstack have done they could literally fly up.
Hi All,
We should have an update on Lloyds by the end of June. No rumours of the trail not going well.
Next serious event as I see it will be the release of Mortal Shell 2 .Should sell at least 500,000 .What would that do for the share price ?
I was lucky enough to start buying at 18 p and now have around 130 k shares.
Hang on in there !
Everyone waiting on Lloyds. Plenty going on behind the scenes.
Company has been far too low key to date.
Tremendous potential.
Must be someone with deep pockets that jumped in, lets see if we get a big late reported trade
Yeah maybe that's the trigger too, the timing is accurate... Blimey.
Mentioned TRU heavily in a video over the w/e; finally catching the reaction here but there is no news, or am I mistaken is there some other reason for today's massive hike?
Super nice price action there! This is all I can find thats happened... an interview:
https://audioboom.com/posts/7852748-james-van-den-bergh-trufin-ceo-answers-investors-questions