Member Info for MickR

Camerrrrrrooooon?

Go on my son. Dyor

Looks like news is about to land? Some very healthy buying going on.

If it is a leak, an RNS has to be issued pronto.

Can’t wait to see the SP get back to the 0.20p level.

Dyor

1.78 to buy now. 2p on the ask.

NT to buy at 1.5 ask, looks like the next leg up is coming. Could we break 2p today?

Very difficult to buy in volume, small freefloat, sub 2p will not last for long IMO-MM's need to lower the spread to encourage liquidity as the huge spread will put off traders. who are important for liquidity. No set time yet for the circular or proposed delisting so a lot can happen in the meantime. Look at ITS which went from sub 0.30p to 4p.

DYOR

The placing was at 2.5p and the par value of the shares is 2.5p so that is the floor.

MM's need to narrow the spread here as it is 50% currently which is a joke-it is as if they do not want any buyers!!

I have put in several FOK orders at 1.10p all failed. I can see the SP hitting 2.5p soon.

DYOR

The SP was over 90p in March ...now that repairs are back on track and there are no issue, I would expect to hit 30p's today and an attack on 50p's on production resumption.

DYOR

I would not rule out a low ball offer by the majority, they could easily launch a takeover at say 1p-1.5p and it would get voted through.

DYOR

From today's results:

Net assets per share at 31 March 2023 were 5.2p per share.

Current SP is 0.25p.

The net assets would be after the net debt is taken into account. The proposed de-listing is to get rid of minorities in my view so that only the big fish stay on and eat the cake. The company is not insolvent so the proposed de-listing is not the same as administration. I expect at least the SP to run up to over 0.6p to 1p -there is plenty of time to the meeting next month.

DYOR

Once the 10% traders clear, I am expecting the SP to rerate over 0.15p today -it should keep re-rating now and hopefully 0.50p on flow results....Boom time.

DYOR

Just a super day!!

Current market cap £12m.

1000bopd=£28.75M per year in revenue according to Casper's figures....

Fingers crossed for a huge payday!

AIM desperately needs a gusher and this could be it.

0.50p on a good flow test would be my opinion.

DYOR

Guys, the director/CEO buying may continue. It would be foolish of him to throw everything into it in one go.

Let's see if more buys are reported over the coming days.

At sub 2p, this share price looks very decent for an uplift, obviously this is not good for holders who bought in at 20p plus.

DYOR

VernetLes,

Yes, it is entirely feasible for new bidders to emerge, the previous offers valued at 10.5p I believe so 10p is possible. The brand is rebounding again and seems to be trading very positively this summer season.

Currently a good price IMO under 2p. If it hits 10p, that is a 5 bag from here.

DYOR

Too oversold, the ESIA has not been rejected and the matter has been escalated to the central government -company confident of approval.

The seller seems to be out, MM's now short of shares? Expecting the SP to settle around 2.50p IMO later today.

DYOR

Cyrox,

I have bought in this morning on the market as I feel the bottom has been hit and the SP will move up freely now.

Let's see . The SP could be 0.20 in a few days so you may or may not get your buy in price.

DYOR

Now that the placing is out of the way, the SP can move up freely. I would think thatthe placing was flushed in yesterday's volume and forward sold already, so it would be great to move back to 0.20ps and higher.

DYOR

News expected shortly:

"We will update the shareholders shortly on a more detailed strategy."

From the RNS of 6 June 2023:

"The Company has also made extensive cost savings across the business and the monthly cost base in July will be £185k (annualised at £2.2m) compared to a monthly average of £600k in H1 FY23. The Company currently has cash reserves of £0.4m. The Directors believe that these cost savings provide the Directors with an organisation that can achieve operating profitability on an EBITDA basis in the near term.

Chairman, Neville Upton commented "This has been a difficult year for Digital Media with the Company having losses across all verticals, however after a significant re-structuring, we are confident that Gfinity will flourish without the requirement to raise further working capital. By focussing on our core web offering for Gamers, we are able to remove the capital intensive businesses of software development and esports events, and focus on returning to a positive return on investment. We will update the shareholders shortly on a more detailed strategy."