Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I know there is a finite amount available, but right now why would companies buy this at 5p per share when itās 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 Iām less underwater than I was this time yesterday so thatās a good start. Weāve 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)
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 thereās 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 didnāt mention these potential routes, but thereās a chance those options will have presented themselves by now.
Crazy to think this was Ā£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 itās 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. Itās the uncertainty that has kept it as this level. What I found interesting was the price holding steady. It shows that thereās 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 thereās 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 hasnāt been a strong suit in the past.
Thereās the potential the CEO could lend the company money rather than via an equity raise with guarantees . At these share prices it doesnāt make sense for him to dilute, Iām sure there are better options.
Also people have assumed their revolving credit facility is gone, but I havenāt seen that explicitly stated has it? They were just referring to their levels of cash in the business from what I could tell.
Looks like Premier Minton are still involved. Surely this institutions could buy the entire company for less than their original investment :
Swedbank Robur AB 14,728,994 7.30%
Hong Kong NetEase Interactive Entertainment Limited 12,889,171 6.40%
Premier Miton Investors 9,500,000 4.70%
Crazy tor think that people who followed tip will need almost to 100 bag this stock to break even and itās less than 3 years old: https://www.telegraph.co.uk/money/investing/stocks-shares/questor-computer-games-firms-founders-believe-shares-should/
Questor share tip: bosses at tinyBuil d have held on to 45pc of the company following its flotation ā a vote of confidence in a bright future
āWe went through years of hell before making any money.ā So say the people behind tinyBuild on the computer games firmās website. They finally got their reward last month when it joined Aim and its founders became millionaires many times over.
Alex Nichiporchik, chief executive, is now worth Ā£204m as he owns 38.2pc of a company valued at Ā£534m. His colleague Luke Burtis owns 7.1pc, worth Ā£38m.
Their retention of such large stakes is hugely reassuring to this column, whose belief in āfollowing the moneyā extends to the actions of company bosses as well as those of outside investors. But at least one fund manager has put his clientsā money behind tinyBuild too.
āWe like the computer games sector: it is bigger than film and music combined,ā said Jon Hudson of Premier Miton Investors, one of the largest institutional backers of tinyBuild. Questor likes the sector too: we have scored big gains with the likes of Frontier Developments, Codemasters and Team17.
And tinyBuild takes Team17ās approach: rather than developing its own games it takes on promising titles from independent developers and helps them with funding, marketing and technical expertise.
āAlex and Luke discovered the value of this model by direct personal experience: they wanted to release a game called No Time To Explain but were strung along by a publisher, jeopardising the entire project,ā said Mr Hudson. āThey realised they could help other developers to commercialise their games so they changed course to become a publisher.ā
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The company says that since August 2013 it has formed partnerships with dozens of independent developers, acting as a publishing partner and āproviding funding, knowledge, production, artwork, guidance, etc to make other developersā games betterā.
āThey come at it from a developerās point of view,ā said Mr Hudson. He said tinyBuild selected just 1pc of the games it saw, picking those with the most promise and advising the developers on how to make their game more appealing to users. āItās a partnership that works,ā he said, āand this way you donāt have to commit much capital ā itās a low-risk way to generate a big hit.ā
The ultimate goal is a game that can develop into a āfranchiseā: one that can remain popular through multiple versions, with spin-offs, books, prequels and so on.
Moneyshark, I agree it wasnāt good, but Iāve seen shocking updates and companies have still bounced from a certain level (REVB was an example).
The CEO could buy this back with the pocket change he got from the initial floatation for a start.
Despite the evident doom and gloom here Iām surprised there hasnāt been a bounce from these levels yet. Surely this is now worth less than the value of all the IPās etc? It seems strange that no larger organisation has come in to snap up a chunk like Boohoo did with Revolution Beauty
This article relating to FDEV who seemed in a similar position (albeit about 10 times the market cap of here) was interesting to read as there are potentially some parallels https://www.ii.co.uk/analysis-commentary/stockwatch-there-life-left-share-down-96-ii530003