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What had guild getting knocked out the street fighter tournament got to do with guild…… interesting question, I think it has a lot to do with this investment case

Meanwhile in the esports World Cup, which clearly people having seemingly forgotten exists.

Guild sit 34th in the table out of 69. 2 events played, 2 to go.

Guild competed in Apex Legends last night, and whilst they didn’t get any Championship points, they did finish 9th, securing $40k.

2 events to go for guild in the World Cup.

Interesting update today, but no price mentioned?

Pun intended, this blog was written at the start of July so writing very much on the wall

https://thequalitysmallcapinvestor.substack.com/p/guild-esports-heading-towards-extinction

I like the company but the valuation has always been quite challenging.

With profit warnings they regularly come in three’s could be better entry points in the future. Or could be a minor blip, but think there will be changes in management as well.

I see guild finished 4th in the call of duty war one competition banking $80,000. Currently 12th overall but only been involved in one competition so far.

I think this is last chance saloon as the balance sheet has a gaping black hole

Looks like everything is being banked on the World Cup. Raised £500k and already down to £100k.

Surely a World Cup should be bringing in sponsorships but they seem incapable of doing so. Failed business model.

At this market cap they are valued at net assets, so it won’t take much of an increase in net profit (not ebitda) to shift the price of this company.

The reason I’ve mentioned capex a lot is because it’s not an income statement item therefore ebitda will never be accurate for this sort of business.

When I’m talking cashflow I’m talking pure bottom line, and this year has seen debt go up and net cash drop to £0mil. Scale should improve that and once it does it’ll likely attract a lot more attention.

But if you think my comments are “keeping the share price low” then you are deluded, as none of us on these bulletin boards have any influence over the share price of a business

Thanks pippi, that makes sense, 5 year rolling capex would be less than the initial on new fittings.

As for the other post, I’m here to discuss, call it a deramp, whatever, I’m here to have an open conversation. Currently

I’m not seeing the cash generation that the ceo is, and I expect neither is the market.

If it comes, then I would expect a big rerate and that’s the inflection point I’m waiting for. But currently all cash is being eaten by capex.

Yes, that’s a fair point, shouldn’t be long now until an update comes on the new year end.

Any thoughts on what capex will look like on an ongoing basis, I.E. how regularly buildings will be refurbed?

First things first, I don’t have shares in XPFactory, I’ve followed it for a while and wanted to see what discussions were taking place following the results.

Everyone is bullish, but I might have an answer for why the price has gone down.

Cash at bank has increased by £1.2mil, but receivables have dropped by £0.7mil with trade payables going up by £1.3mil. So that’s a £2mil massaging of the numbers, I.E. holding off paying suppliers and trying to get receivables in at year end.

I believe the cash is artificially high due to this and should sit nearer to £2mil.

Based on this, and these sort of business being capex heavy, I don’t think the cashflow is as good as management make out.

Happy to have a sensible back and forth on here, if this turns into a typical “he’s negative therefore let’s chase him off the board” then I’ll happily comply, but I’m hoping for some proper discussion as to why I’m wrong with my numbers and that I’m missing something

Unfortunately it’s the balance sheet that seems to be dragging this lower.

Despite all the cost cutting, they still have too many liabilities and have not raised enough cash to clear it.

Jasmine looks to be doing an okay job, but was handed a ticking time bomb

Anyone who thinks TW is the guilty party here is deluded. Every target that Draper set he has missed.

If he wanted to get back at TW, he had to do so by proving the business. Over the long term that is what has driven the share price.

I agree that some of the things TW does are questionable.

But, the reason the share price is where it is is down to management.

People like Hargreaves and interactive investor aren’t big hitters, that’s just private investor money, pooled together to show how much is held across those platforms.

Another person randomly appears on here and again a new Twitter accounts starts taking about bidstack.

This happened with Hall back in august. Must now be a trading stock.

It’s weird that both you and this “random Twitter guy” said “Obey out” on Miri.

Specifically Obey… when it is Odey Asset Management with a D! But both you and the random Twitter guy made the exact same spelling mistake.

Very strange. But no, definitely not you as well

Absolute liar. You have recently spoke about bidstack, mirriad, safestyle and prem. The Twitter account I mentioned the exact same 4 stocks.

Pumping it on Twitter and on here.

And if you had done your research you’d have read that bidstack announced an investor event following their interim results which is expected to take place in September.

Do your own research, check out the guy on Twitter I mentioned below, identical stocks, identical language.

Trader, P&D

Where are the “earnings” Hall? Your wording is very similar to stockpit @ 1Topstock on Twitter. Also banging on about earnings and described as a “full time trader” so clearly no interest in this company other than a trade on the chart and news. Part of a P&D I would assume.

I think this has gone way beyond bidstack, and the four of your would stay on this bulletin board arguing for months/years even if bidstack went bust, or got taken over at a huge premium.

Like a never ending cycle that’s addicted to the argument.

Feel sorry for you all

I don’t think they are fraudsters, just an extremely incompetent management team. CEO is gone, but the CFO who has put through the last two atrocious placings is still around. Why should he still be here when he has no cash flow skills.

Avoid.