RE: Placing10 May 2023 11:27
1.1m as of 31/03/23.
Don't think placing is imminent as they have taken action to preserve and even grow cash :
Company continues to trade in line with expectations underpinned by a strong order book and pipeline of potential new business;
Following a 23% reduction in administrative costs including staffing expenses, the net cash used in operating activities declined by 58% in the first half, putting the Company on track for a substantially lower cash burn for the full year;
Second half revenues are expected to show further growth compared with the corresponding period in the previous year;
In January, Guild Esports committed to adding 2 million new followers to its owned audience. After seeing success across the first three months of 2023, Guild has upgraded this audience growth estimate to 5 million.
GL.