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Good to see this actually close up and close to the high of the day. The market was brutal today so this feels like a win.

Sorry. Either way, looks like it’s not been taken well 😔

Still sounds like a positive outlook on inflation?

Higher tobacco duty and more expensive theatre tickets contributed to a tick up in inflation in December.

But the rate still more than halved over 2023 and has undershot the Bank of England’s expectations.

Where next? At the very start of 2024, economists think that decline may have stalled further due to what was happening a year previously.

Beyond that, some analysts reckon, the same factors that triggered the initial spike - energy and food costs – may allow it to decline rapidly to dip below the Bank of England 2% target during the spring.

That could mean inflation in the UK undercuts the US and the eurozone for the first time in two years.

Whether it stays low depends on what happens to other prices, largely those non-essentials. Core inflation remains relatively high but is easing. So some economists predict rates could fall by June, and drop several times this year

Director buy versus 0.1% rise in inflation (0.3% higher than expected). Initial indications are tobacco and alcohol prices pushed it up so not sure how the markets will take that 😵‍💫

Closing at the low of the day is frustrating and could indicate there is more pain to come tomorrow, but there is inflation data due this week which could push it back up rapidly if it’s viewed positively.

The last 3 days it has been in the top 10 most traded stocks on ii. Vast majority are buys with 86% yesterday.

There was no £5m trade, that was the uncrossing trade, nothing significant

Do you think there’s a risk that if IIs aren’t onboard, they may refuse to back the rights issue?

I thought it was a done deal

What do you think that suggests?

I know there is a finite amount available, but right now why would companies buy this at 5p per share when it’s available now for 4p? Surely they should suck up the lower priced ones first and then when those have gone, top up for the extra

If it allows the company to realise its potential then I view it as good news. Better to have a smaller part of a more valuable business than a big part of one that goes bankrupt . I feel quite optimistic about some of their upcoming releases and I’m less underwater than I was this time yesterday so that’s a good start. We’ve just got to hope they have learned from their mistakes and some of the institutions opting into this fundraise will be able to make positive changes (still think Atari is an interesting new dynamic)

Surely the 5p placement price with a guarantee they will be purchased is a good thing.

Interesting to see Atari being name dropped too.

This company is so leaky. As I suggested , the volume goes up before the RNS lands. The question now is whether the market will take this as a positive (because there’s some stability and the future is secured) or negative (because of the dilution).

They could also look to licence/sell some of the assets now to keep it solvent. Gamepass or PS+ could potentially also licence upcoming games/back catalogue. There are means to raise capital without an equity raise. A secured loan is also very viable given that this can be backed by guarantees and the company is presently debt free. It did seem strange the RNS didn’t mention these potential routes, but there’s a chance those options will have presented themselves by now.

Crazy to think this was £1.12 per share exactly one year ago. What I find interesting here is that they own the IPs, whereas FDev for example has produced a lot of licensed games.

There must be some value in those IPs, but it’s whether the value is seen in them now and this sees a recovery or by vultures picking it apart at liquidation is the question.

At this price, any news could be considered good news by the market. It’s the uncertainty that has kept it as this level. What I found interesting was the price holding steady. It shows that there’s a buyer matching the seller.

I bought it well above this level so I would not recommend for anyone to follow my ramblings, but I took the chance to average down today (funnily enough showing as a sell)

Sudden change in volume today which based on past history suggests that the internal leaks have sprung again.

Given the low share price, I think the best outcome, other than a buy out, would be a loan from the CEO to steady the ship. That way there’s no dilution, it shows faith in the upcoming releases and it adds value to the CEOs holding as the price should rise. That being said, logic hasn’t been a strong suit in the past.

Thank you, I probably missed it through the tears. You’re right that it doesn’t make sense, but surely trying to obtain credit, be that a loan from the major shareholder or elsewhere makes sense.

There’s the potential the CEO could lend the company money rather than via an equity raise with guarantees . At these share prices it doesn’t make sense for him to dilute, I’m sure there are better options.

Also people have assumed their revolving credit facility is gone, but I haven’t seen that explicitly stated has it? They were just referring to their levels of cash in the business from what I could tell.

A 50% gain would take it back to where it opened yesterday after the RNS.