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From the new 30 page Cenkos note out this morning.
‘We estimate that this funding round will sufficiently finance the business through FY21E and FY22E based on current revenue forecasts and possibly through the profitability inflection point depending on the pace of revenue growth. There is emphasis placed on cost discipline during the transition towards commercialisation of the business, with growth of headcount not expected to be significant over the next couple of years.’
Thanks ZENGAS,
https://wp-savannah-2020.s3.eu-west-2.amazonaws.com/media/2020/05/27095427/AIM_Admission_Document.pdf
ZENGAS, great posts over the last few days. Thanks.
Do you have a link to the Savannah document setting out the scenarios?
"Savannah has prepared development scenarios for reserves of 50, 100, 200 and 400 million barrels which have been reviewed and found to be reasonable. All the scenarios are similar but with costs and production scaled according to the reserve base.....'
roleybirkin,
Those projections are nothing to do with Anzu.
They are the statista estimates of Chinese video game revenue. It's billions not millions. Just bad reporting.
Click on the statista link in the article:
'Revenue in the Video Games segment is projected to reach US$49,313m in 2021.
Revenue is expected to show an annual growth rate (CAGR 2021-2025) of 9.63%, resulting in a projected market volume of US$71,239m by 2025.'
Where did you get hold of the note?
Does anyone have a split of U.K. high street sales between their own stores and concessions? They are always grouped together in the accounts.
Looks like they currently have 60 of their own stores and 142 concessions.
Unfortunately a lot of the high street sales were though concessions in Arcadia stores, which are now going to close.
From today’s announcement:
‘The Board has also been taking steps to reduce its exposure to UK department stores going forward. In the year ended to 31 December 2020, the Group reduced the number of concessions operated by 20% to 142.
Of these remaining concessions 85 are in Debenhams stores and 29 in Outfit stores operated by Arcadia, both of which are in Administration. We note the announcement that Boohoo has acquired the intellectual property assets of Debenhams and that these stores are expected to close, and that there is uncertainty as to Arcadia's future. There is no financial exposure to outstanding balances due from these businesses and the redundancy costs that would arise from these store closures would not be significant.’
What are people's thoughts on the timetable for a Nasdaq listing?
Good to see the number of users increasing significantly.
From the admission document:
'Since launch, MelodyVR has continued to build awareness and engagement and now boasts approximately 325,000+ users.'
Nice tweet showing the market cap over time. The market cap was into the £200 millions a while back with just MVR. Add Napster and it must be worth at least that.
https://twitter.com/thesageinvestor/status/1336582636681261056?s=20
At 3.75p the new group is valued at £92m. That's very cheap including Napster.
Hoping for 5p+ today.
Great news,
Most of the additional funds have been raised by a $25m loan from Davis Partnership. Huge show of support and minimises dilution.
Along side this there is another $10m equity raise at 3.75p with the Directors taking 26m of the 200m shares being issued.
Shares to start trading again today.
I think Bidstack would certainly be getting a commission.
It seems that Bidstack have been able to offer a package to Duracell to allow them to pivot into the gaming world. Both sponsorship of a esports team in FIFA and in-game advertising in FM (and potentially other titles).
Duracell also benefit from the exposure they get from the associated media articles and social media posts. Gareth Bale has posted on Facebook about the Duracell sponsorship. Gareth Bale have 33 million followers on Facebook.
I think it could be quite a lucrative deal for Bidstack. Also, depending on the structure of the deal, all of the money from Duracell (in-game and sponsorship) could flow through Bidstack and be recorded as revenue.
It also shows how uniquely positioned Bidstack is to allow brands to enter the gaming space. I continue to believe that the current market cap hugely undervalues the company.
I’m increasingly confident that the year end forecast will be met and we’ll see a substantial rerating.
Does anyone know how they ranked earlier in the year? I can only find information going back 3 months.
Would be good to know how they were doing in H1 to gauge it against revenue.
Thanks - appreciated.
Abeck - are you accessing the Googler Play Store from within an Android device?
I can't find those stats from the website.
Do you have a link?
Thanks
The loan had a 20% interest rate so good to repay.
Now it’s repaid the company is virtually debt free and has about £3m in cash.
There is a £43k interest free loan remaining and a £70k convertible loan (10p conversion price). I expect the convertible loan to be converted into shares but either way the overall debt balance is now very small.
I think I’ve worked out the wattage point from the WHIreland note and it looks very good.
Standard solar cells are 6 inch squares and standard solar panels come in two common configurations, 60 and 72 cells.
Verditek uses standard 6 inch solar cells and their panels I’ve seen for sale so far are 60 cell panels (the panels for sale by distributors and the EvRiderz photo are 60 cell panels).
The WHIreland note calculates current ramp up capacity based on 350 watt panels and maximum capacity based on 420 watt panels.
The note also says that Verditek can go up to a maximum of 72 cells per panel.
Verditek are constantly upgrading their panels and I think 350 watt is their latest 60 cell panel and 420 watt is based on changing to the larger 72 cell panels (the maths works exactly). I think this must be the case since the note states that 72 cells is their maximum number of cells per panel and you wouldn’t get 420 watts from a 60 cell panel.
These figures mean the Verditek cells are now becoming very efficient. 350 watt/420 watt for 60/72 cell panels would put them as best in class of all the flexible panels I’ve seen. More efficient than the top of the range Solbian panels that sell for 10 Euros/watt.
In reality I think sales will be much higher in 2021 and more closely fit the 40WM or 60MW scenarios laid out (which give £9.9m and £13.3m gross profit respectively).
I also hope the average selling price will be over 1 Euro/Watt. The 1.5MW SAF order was over 1.2 Euro/watt.