Prospects from here10 Jun 2020 10:19
I've had an interest in this company for over a year now. It caught my eye after the previous placing just over a year ago.
It is fair to say it has been a very rocky road, too much optimism and it has to be said some unnecessary ramping from those who should have known better.
However in my opinion this SP really must be at the bottom now, there is little scope left for bad news; we know they are not going to run out of money for at least a year, and we have low expectation for H1 results, so a poor performance will not drive the SP down any further. There is little else that could really be negative.
Whilst the scope for good news is immense; Directors have bought in...a good sign? Any news on games, advertising deals or improved revenue will have a profound affect on the SP.
I think it is a waiting game, but our worries are over for now, I really believe this only has one way to go, and I am looking forward to the ride.
There have been those desperate for this company to fail, but here we are a year on, money in the bank and hopefully the pieces of the jigsaw falling into place. Patience is what has been required, and I believe we are getting there!