Member Info for Dibs61

If it holds then ok but if it slips......

I don't pretend to understand the strategy here but I'm sure it will become clear.

Looking for a lower re-entry point. Def single figures

https://www.proactiveinvestors.co.uk/companies/news/923315/esports-market-value-forecast-to-hit-us68bn-by-2027-923315.html

24% CAGR!

Must be some serious background buying going on. Price holds firm despite sells printing above the quoted mid. All these 500k trades printing late throughout the day. Decent volume too. This looks like a runner.

Volume is dropping every day to the previous day
Price drops slowly but incrementalally during the day with a brief rally at start and end of day

A 4.75m sell order must be filled by the end of each day.

The question is how is this sustainable for the next 44 days?

I don’t get it. I really don’t get it.

Dipped my toe back in again as sploshed in. That 672k trade is my buy.

GLA

The engine is spluttering somewhat. Doubts over relationship with China? They have much invested there. Just trying to work out what is going on.

Will they issue an AGM statement do we think?

P&D this most certainly is not. Check out the SP chart. GFIN due to the nature of their business is well placed to thrive during a continuation of the pandemic. They are in a huge growth sector.

The issue historically has been their cost base which has not been managed well. The new(ish) CEO is much more focused in the area of cost reduction and becoming profitable as well as going for their top growth areas. The worm could be turning.

This looks more like the start of a rerating to me.

Yes RB I stand corrected - 13p :)

Warrants are not 'free' shares that can just be sold. Warrants are similar to share options is they simply give the holder the right to buy X number of shares at a fixed price, in this case 6p.

So in order for warrants to come onto the market you have to first exercise your right ie.buy them @ 6p. They are then added to the share capital register. They do have a dilutive effect of course other than that no other effect except if you then sell them. Personally I very much doubt any warrants have been exercised yet let alone been sold.

This is starting to look interesting

Coronavirus: Asymptomatic testing for taxi drivers and cleaners in England https://www.bbc.co.uk/news/health-53347303

JB's daily 4.75m dump is going to be printed soon....

Bebeto - big congratulations on your success with GGP. One that got away for me...... Did have quite a decent position at one stage ho hum.

Price is looking it's strongest today now.

thegame316 - exactly the same as you. On my Watchlist for ages. Just watched and watched and watched for some time now. Thought thats it I've missed the boat. I still don't have a position. It's one of the VERY few Covid exposed stocks that has actually delivered. I'd say NCYT is the only other one I can think of.

There was a ‘sale’ on here I didn’t mean to ‘sell’ your (cheap) shares

Not to be missed discounts as a result of a few modest sells and even smaller buys! So MM's trying to drum up a bit of interest.

RNS 5th June quote:
Further to the recent statement made by James Benamor on social media on 4 June 2020, following clarification of Richmond Group Limited's ("Richmond") intentions, Amigo has been told by Richmond that:
(i) Richmond has placed all of its shares in Amigo with a broker, with irrevocable instructions to sell 1% of the company every trading day until Richmond's stake is reduced to zero, in the event that the current board remain in place after the upcoming general meeting on 17 June 2020 (the "General Meeting"); and:-
(ii) there are no circumstances in which those sell-instructions can be cancelled or amended by Richmond.

Richmond have noted that notwithstanding the irrevocable instruction to sell, Richmond is able to sell shares before the General Meeting, as the irrevocable sell instruction only applies to the shares Richmond still owns at the time of the vote.

Read conditions i.) and II.) It is those words can be interpreted in more than one way but I interpret them as meaning he can cancel because the current board will not remain in place after the GM. They are going and a new CEO is coming in.
Also 'there are no circumstances' can be taken two ways. It could mean there are NO circumstances in which they could cancel sell order OR it can mean there could be circumstances in which they could cancel. Its the way its written!

Hopingforbags the new CEO doesn't take up his position until 1st August! Thats another three weeks or 21 days of selling 4.75m shares a day so I don't see how he's going to be able to affect anything until then!!

Nickel it's a fascinating one this situation. I find it hard to believe that JB will continue much longer with this agreement. He would be cutting his nose to spite his face. And lets face it if he were to continue dumping 4.75m shares onto the market every day for the next 45 days there is no way the market could support it. The SP would drop to almost nothing!

So, what does he do? Well I have read the agreement and there is a condition that would allow him to cancel if certain circumstances change. So there are lots of background games going on here. The one thing I am fairly sure of though is that something has got to give, whether that is another bid or he can justify cancelling the agreement due to the circumstances changing, new CEO? New management. Thats a pretty big change of circumstances. PLUS he has tweeted he is strongly considering 're-investing'.