Member Info for MB60

Interesting about game release and results, previously they mentioned (sept 18) that the next release was going to be early 2020, but i see they now mention a release planned for later in calendar year 2019 https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/FDEV/13959476.html .... I'm assuming that the new game might be released early-mid November only because they can take advantage of Black Friday as well as releasing before their Interim Results period ends with hopes of the extra revenue evening out another "dip year"

As for the SP, just as an observation, recently it seems that the 5 year chart 150ma has acted as support and the 5 year 100ma has acted as resistance. i guess it's a wait and see what happens next

Just a thought, both Keywords and Frontier had an 'interesting' day yesterday regarding their SP

My only conclusion is both are now sitting on (or close to) their 100MA in their 5 year charts, in the case of FDEV that would be about a 956 level

Just sharing an observation and not a prediction ... GLA

I thought when I read ...maybe easy to just quote here

Anthony Matchett, Executive Chairman and CEO of the Company said:

"Over the coming months, the capital raised will be used to further accelerate our expansion and product roll-out on a global basis. With the launch of the MelodyVR platform within the UK and US due to occur imminently, we will look to other geographies with engaged music fans and a high-proliferation of VR devices as important target markets for our products. In order to maintain our market-leading position and in-order to increase our revenue generation potential, launching the MelodyVR service on a worldwide basis, and in geographies such as South Korea, China, Taiwan and Japan, is our key focus. As we move forward, we are confident that a global roll-out of the MelodyVR platform will not only serve to supplement and increase the company's potential revenue generation capabilities but will also serve to increase content consumption, brand awareness and IP value overall. ref https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/EVRH/13624573.html

Anyway at that time I thought China is a very hard nut to crack, but reading that Tencent is planing an IPO for 'Tencent Music Entertainment Group' in the very near future (possibly raising 2 billion dollars) https://www.ft.com/content/ee6606ee-c6eb-11e8-ba8f-ee390057b8c9 I woundn't be surprised in the near future if Tencent became a large investor in EVRH, or at least some sort of partner ship deal announced

Strange, in the first hour+ of the day trading seems to have stopped or at least ground to a halt ...

So quite here so I just going to share something that might be useful :)

For those who are invested or considering investing in the 'video game tech' tracking this EFT 'GAMR' to you Watch list

ref https://seekingalpha.com/symbol/GAMR/overview

I will also add this report on October sales (sorry US related) https://seekingalpha.com/news/3411488-key-october-releases-pace-videogame-sales-record plus it's Black Friday today (good for hardware/game sales)

Hi Workover

Interesting you mentioned 'the market' ... I notice that the US/Japanese gaming companies have recently been reduced to trading around their 200MA in their five year charts ...maybe the 'global' gaming sector sell off may have finally settled down ...and maybe 'globally' investors might be buying back in this sector (or not). I only mention this because Keywords is a global operation

Personally I got taken out today (50% on what I was holding) on a stop loss set at just under the 1100 level, maybe a good thing only time will tell

Good luck all

Just my thought regards those 5p sells ... my guess is they are still trying to filter in the extra shares that were released in October, probably with instructions of not to upset the apple cart hence the small sells per day.

Hopefully those annoying sells should finish soon

ref https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/EVRH/13819039.html

Anyway topped up small today @ 5.037

Good luck all :)

I seem to get the impression that this constant increasing/ decreasing of the spread is creating possible new future lows

I hope that makes sense

I also notice that globally 'game' related companies have taken a 40-45% hit from their year highs ...sorry no idea when things may return to normal

Any ideas why the SP dropped on very little volume today ?

I notice it's almost mid day and so far about 6 trades have come though ... I wonder ....are they are taking a break to compile an RNS or other statement later today!

I have just put a buy order in at 54.7 (it will expire at the end of the day) ...cheeky I know

But this will break my three day rule ...well almost

Hi workover, looks like you made a good choice ...I see Polar Capital increased their short position on the 9th (possibly kick starting the current down trend)

with four possible shorters on board it might be a case of who will close first, ref.... https://shorttracker.co.uk/company/GB00BBQ38507/

I do see that yesterday the SP did hit a previous support level (1092) but i do see a possible lower support level (1046) that might be reached today... if the SP can keep above1092 I will in return will remove my finger off the sell button

Since it appears that so many 'game' related companies have taken a hit recently... maybe (that's a big maybe) things might be looking up

example, Ubisoft's SP seems to be now making an effort not to go lower https://www.google.com/search?sa=X&tbm=fin&q=EPA:+UBI&stick=H4sIAAAAAAAAAONgecRoxi3w8sc9YSndSWtOXmNU5-IKzsgvd80rySypFJLkYoOy-KV4ubj10_UNU8pMM3KLinkA-niO9jsAAAA&ved=0ahUKEwjbvKXoqNHeAhWnyIUKHWTRBQcQ3N8BCEswAg&biw=1288&bih=679#scso=_zr3qW97yDI3uaZ6IrLAO2:0

Sorry the above was a little off beat but to quote from the last report on the18th September... (yes I know old news)

Outlook

· Selectively reviewing a strong acquisition pipeline

· Trading in the second half has been good and we expect to meet market expectations for the full year before the positive impact of any additional acquisitions

The current drop could well be related to US gaming companies taking a big hit last Friday

examples

EA https://seekingalpha.com/symbol/EA

Blizzard https://seekingalpha.com/symbol/ATVI?ifp=0

Some good news announced on the 8th Nov ... a quick copy and paste ...

"Jurassic World Evolution: Secrets of Dr. Wu launches 20 November for £12.99 ($14.99, €14.99) on PC, Playstation 4 and Xbox One digital stores. Downloadable content requires Jurassic World Evolution to play."

quoted from https://www.frontier.co.uk/news/latest-news/discover-secrets-dr-wu-jurassic-world-evolution

I'm just going to share a few thoughts ... the next week or so should be interesting regarding the SP and moving averages. I notice now twice the SP has used the 100MV in the 5 year chart (yellow line) and has tended to fail to cross the 200MA in the one month (the past five weeks) ...thus creating some sort of a wedge!

Basically something has to give, and I have no idea which, but saying that the five year chart MA's are the stronger long term indicators

image of the past 2 months from the 1 month chart > https://www.tradingview.com/x/Nmck2b9M/

Interesting to see yesterday's SP had a resistance level of 1000 applied.... but looking at the after hour trades you can see some very large buys went though during the day as well as after hours trades

The above (IMOP) could mean anything (or nothing) shorter giving up, maybe possible RNS / RNS Reach is about to be released .... anyway yesterday was high volume at a low SP

Hopefully today hitting around £14.00 (same as support levels at the start of the ) 'might be' the end of the fall

PS yesterday another 2%+ drop in SP on low volume !!!

https://uk.finance.yahoo.com/quote/FDEV.L/history?p=FDEV.L

Not odd, They increase the spread to make the SP appear higher than it really is ...more or less to sucker small investors into thinking the SP is on the up

I did check with my broker just after 8am and of course the prices advertised (here) were not available only lower ones were!