Outlook is already 'better' than it was at 0.9s > 0.612 Jul 2024 08:52
The rather heavily discounted placing didn't deliver and Easysend didn't happen. there's still a question mark about the acctual revenue so, that's what caused the drop (including the fact that BoD haven't averaged down and 'my sweet, charitable Lord' has done nothing for the compan's profile, publicly).
There is the downward pressure.
but, at the current price, some of that then becomes a positive. they now have roughly £3million in the bank from those placings and, whatever was left from interims used to part pay for Semnet and all operating costs.
Presuming Angra revenue will be more than from the soft roll out so... between the old $0.4 > whaever.
Stablecoins is on the shelf (but can be pumped for the rest of the year as possible). Easysend, the same, though might end up placing again (and conveniently forget the previous placing). and, unless they don't care, will need to do something to pump the sp otherwise the final shares payment for Semnet will end up being double.
So they have £3mill to do... something with! They could come up with another half dozen possible Bonfire's, if they're all 'conditional' but might pull something out of the fire that seriously adds to their assets.
OR... FCA might surprise them and actually approve Easysend so they can move forward on it (still don't understand why November is now a date, unless they mean it'll still wait on FCA approval, even then).
But, regardless, it is now 'twice' as good as it was at 1.23 so, if you thought it was amazing then, notwithstanding the deferments and the indifferent Bonfire rns, it's got to be worth the current price, if nothing else.
might still see a wobble, even now but, unless results show their 'expectations' were seriously minimal, worst case is that 0.6 is support. then it's just how it conducts itself through to November.
but it could do with overhauling its pr, social media AND its growth as there must be a million ways for them to grow the company if these conditional companies have minimal cost, inc. obtaining licences.
just waiting on results (which could come any time... didn't see anything that stated 31July).