Member Info for Moneysponge

Topped up GILD and MOS today
Waiting for a pullback to buy more here
But its not pulling back
Bit frustrating lol

Just took another 543,422 shares to bring my average down
It's now or never for MOS
Will be cutting losses and ploughing to my other shares if this doesn't rally before the WC is over

I added this morning

What is a naked short toffeeman123
please?

GILD, GFIN and BIDS all moving north now while this is static
This is supposed to be are golden time with WC on
Something just not right its doing my head in now
What am I missing

Saudi Arabia's gaming industry is poised to grow by more than threefold by 2030, with e-sports leading the growth, a study by YouGov has found.

The 250 per cent growth in the gaming industry over the next eight years would mean that its contribution to Saudi Arabia's gross domestic product will have surged about 50 times by 2030, compared with 2022, the London-based market research company said on Monday in a study conducted with Populous, a US-based company that designs e-sports venues.

The growth in the gaming industry has prompted Riyadh and several companies to increase their investments to accelerate the sector's development and spur economic benefits, including job creation, it said.

“Gaming and e-sports have seen dramatic growth in Saudi Arabia in recent years, driven by a rapidly-expanding fan base and significant investment from government and industry to build and develop world-class facilities, infrastructure and events,” the study said.

Gaming has become big business globally, with new-age technology providing both an opportunity to reach a wider audience and develop new titles to cater to consumer demand.

About 3.2 billion people globally will play games in 2022 and spend a combined total of $196.8 billion, from $180bn in 2021 in 2021, representing growth of more than 2 per cent, year on year, latest data by research company Newzoo showed.

By 2025, the gaming population is expected to rise by about 10 per cent to 3.5 billion players, who will boost revenue by about 15 per cent to $225.7bn, the study showed.

https://www.thenationalnews.com/business/technology/2022/11/01/saudi-gaming-market-set-to-grow-more-than-threefold-as-interest-in-e-sports-rises/

Saudi Arabia's gaming industry is poised to grow by more than threefold by 2030, with e-sports leading the growth, a study by YouGov has found.

The 250 per cent growth in the gaming industry over the next eight years would mean that its contribution to Saudi Arabia's gross domestic product will have surged about 50 times by 2030, compared with 2022, the London-based market research company said on Monday in a study conducted with Populous, a US-based company that designs e-sports venues.

The growth in the gaming industry has prompted Riyadh and several companies to increase their investments to accelerate the sector's development and spur economic benefits, including job creation, it said.

“Gaming and e-sports have seen dramatic growth in Saudi Arabia in recent years, driven by a rapidly-expanding fan base and significant investment from government and industry to build and develop world-class facilities, infrastructure and events,” the study said.

Gaming has become big business globally, with new-age technology providing both an opportunity to reach a wider audience and develop new titles to cater to consumer demand.

About 3.2 billion people globally will play games in 2022 and spend a combined total of $196.8 billion, from $180bn in 2021 in 2021, representing growth of more than 2 per cent, year on year, latest data by research company Newzoo showed.

By 2025, the gaming population is expected to rise by about 10 per cent to 3.5 billion players, who will boost revenue by about 15 per cent to $225.7bn, the study showed.

check this out!

https://twitter.com/LseNeon/status/1594636377781575680?s=20&t=gwA_m0rehiHbvYEbAND9aA

Saudi Arabia's gaming industry is poised to grow by more than threefold by 2030, with e-sports leading the growth, a study by YouGov has found.

The 250 per cent growth in the gaming industry over the next eight years would mean that its contribution to Saudi Arabia's gross domestic product will have surged about 50 times by 2030, compared with 2022, the London-based market research company said on Monday in a study conducted with Populous, a US-based company that designs e-sports venues.

The growth in the gaming industry has prompted Riyadh and several companies to increase their investments to accelerate the sector's development and spur economic benefits, including job creation, it said.

“Gaming and e-sports have seen dramatic growth in Saudi Arabia in recent years, driven by a rapidly-expanding fan base and significant investment from government and industry to build and develop world-class facilities, infrastructure and events,” the study said.

wow!

Does anybody think gfinity will only have this one deal with the Saudi's?
If they are wanting 30 competitions and have already seen gfinitys outstanding work with formula one which they have grown from nothing to a audience of over 20 million then my money says there is more deals in the pipeline.
Saudi's definitely have a go big or go home mentality can see them throwing money at gfinity or even taking a stake in the esports business
Exciting share to be in!
I continue to hold

Gfinity have announced that they have been appointed by Saudi Pro League (SPL) as the exclusive esports strategy development partner. SPL is responsible for the management and organisation of the top division of professional football in Saudi Arabia.

The question is, why would the SPL be interested in esports?

Saudi Arabia has big ambitions in this sector, having just established a National Gaming and Esports Strategy, which aims to make the country ‘the global hub’ by 2030.

“There is a call for diversifying the Saudi economy away from [a reliance on] oil. One of those projects underneath the vision is a specific strategy for gaming and esports,” according to Prince Faisal bin Bandar bin Sultan Al Saud.

This strategy included the Saudi government announcing plans to invest $37.8 billion into the sector to encourage game development and esports in the Middle East.

This is backed up by growing interest within the country after a YouGov survey found that 89% of the Saudi population are gamers, the highest per capita globally.

YouGov surveyed more than 1,000 male and female residents of Saudi Arabia, aged 18+, who spend at least seven hours a week gaming.

The research also demonstrated the massive crossover appeal between gaming and esports taking place in Saudi Arabia, with more than three quarters of gamers (78%) saying they were interested in esports, with 39% “very interested”.

Gfinity's Role

Gfinity's appointment is with immediate effect and its first assignment is to help bring forward SPL's virtual football gaming strategy with an emphasis on grassroots' competition, gameplay, and live experiential events. It will gather input from SPL's key stakeholders, including the Saudi Esports Federation (SEF), to create this multiyear programme.

As yet it's not clear how much revenue Gfinity will generate from this partnership but it's quite clear that The Kingdom of Saudi Arabia are serious in their ambitions to establish their country as a centre for esports and gaming by 2030, backed up by some serious finance.

Also encouraging for Gfinity holders is that the company have been appointed to create a "multiyear programme", meaning this is not likely to be a one-off payment but a contract for many years.

Gfinity has a wealth of experience in developing esports solutions for many big brands including Formula One, Red Bull & Manchester United FC but this is the first time an entire country has employed their services so its quite a big deal.

Gfinity's Solutions

This announcement is also very timely as the company launched Athlos in August, which is a tournament-based platform that leverages the power of competitive gaming to deepen player engagement, to lower player churn and to increase average revenue per user (ARPU).

Athlos is a fully configurable, white-label, bespoke solution and is already trusted by some of the world's biggest gaming and esports organisations. It is also very scalable, when launched

used 73 million times within 30 days and a has growing number of clients on recurring annual contracts and a strong pipeline of prospective future clients.

Athlos is just one pillar of Gfinity's business model, the other two pillars being Gfinity Digital Media and JVs and Partnerships.

Gfinity Digital Media is made up of 11 owned websites that reach more than 15 million monthly unique active users and delivers 75 million impressions per month across its social network of over 7,000,000 followers.

JVs and Partnerships - Esports Solutions allow the company to benefit from co-owned ideas, working with partners who value and benefit from Gfinity's expertise, to create products such as the Global Racing Series with Abu Dhabi Motorsport Management, and esports activities for Manchester United FC, and Formula 1.

Valuation

At a price of 1.25p per share the market capitalisation is circa £16m and having completed a fundraise of £2.7 million in March their enterprise value would be around £14m.

The last broker note suggested revenue of £10.5m for this year (year end 30th June 2023) and generating £2.3m of EBITDA. If this forecast is accurate it would mean they are currently valued on a EV / Sales multiple of 1.3, which is below a peers average of EV / Sales multiple of 5.

This broker guidance was issued on 9th March and obviously before this partnership with The Kingdom of Saudi Arabia.

used 73 million times within 30 days and a has growing number of clients on recurring annual contracts and a strong pipeline of prospective future clients.

Athlos is just one pillar of Gfinity's business model, the other two pillars being Gfinity Digital Media and JVs and Partnerships.

Gfinity Digital Media is made up of 11 owned websites that reach more than 15 million monthly unique active users and delivers 75 million impressions per month across its social network of over 7,000,000 followers.

JVs and Partnerships - Esports Solutions allow the company to benefit from co-owned ideas, working with partners who value and benefit from Gfinity's expertise, to create products such as the Global Racing Series with Abu Dhabi Motorsport Management, and esports activities for Manchester United FC, and Formula 1.

Valuation

At a price of 1.25p per share the market capitalisation is circa £16m and having completed a fundraise of £2.7 million in March their enterprise value would be around £14m.

The last broker note suggested revenue of £10.5m for this year (year end 30th June 2023) and generating £2.3m of EBITDA. If this forecast is accurate it would mean they are currently valued on a EV / Sales multiple of 1.3, which is below a peers average of EV / Sales multiple of 5.

This broker guidance was issued on 9th March and obviously before this partnership with The Kingdom of Saudi Arabia.

Gfinity have announced that they have been appointed by Saudi Pro League (SPL) as the exclusive esports strategy development partner. SPL is responsible for the management and organisation of the top division of professional football in Saudi Arabia.

The question is, why would the SPL be interested in esports?

Saudi Arabia has big ambitions in this sector, having just established a National Gaming and Esports Strategy, which aims to make the country ‘the global hub’ by 2030.

“There is a call for diversifying the Saudi economy away from [a reliance on] oil. One of those projects underneath the vision is a specific strategy for gaming and esports,” according to Prince Faisal bin Bandar bin Sultan Al Saud.

This strategy included the Saudi government announcing plans to invest $37.8 billion into the sector to encourage game development and esports in the Middle East.

This is backed up by growing interest within the country after a YouGov survey found that 89% of the Saudi population are gamers, the highest per capita globally.

YouGov surveyed more than 1,000 male and female residents of Saudi Arabia, aged 18+, who spend at least seven hours a week gaming.

The research also demonstrated the massive crossover appeal between gaming and esports taking place in Saudi Arabia, with more than three quarters of gamers (78%) saying they were interested in esports, with 39% “very interested”.

Gfinity's Role

Gfinity's appointment is with immediate effect and its first assignment is to help bring forward SPL's virtual football gaming strategy with an emphasis on grassroots' competition, gameplay, and live experiential events. It will gather input from SPL's key stakeholders, including the Saudi Esports Federation (SEF), to create this multiyear programme.

As yet it's not clear how much revenue Gfinity will generate from this partnership but it's quite clear that The Kingdom of Saudi Arabia are serious in their ambitions to establish their country as a centre for esports and gaming by 2030, backed up by some serious finance.

Also encouraging for Gfinity holders is that the company have been appointed to create a "multiyear programme", meaning this is not likely to be a one-off payment but a contract for many years.

Gfinity has a wealth of experience in developing esports solutions for many big brands including Formula One, Red Bull & Manchester United FC but this is the first time an entire country has employed their services so its quite a big deal.

Gfinity's Solutions

This announcement is also very timely as the company launched Athlos in August, which is a tournament-based platform that leverages the power of competitive gaming to deepen player engagement, to lower player churn and to increase average revenue per user (ARPU).

Athlos is a fully configurable, white-label, bespoke solution and is already trusted by some of the world's biggest gaming and esports organisations. It is also very scalable, when launched

So much for all the excitment about the world cup starting next week
This is becoming a nightmare
Everyone is so negative
The bored need to do something its not write

ok Toffeeman123
Well I dont hate MOS
I am just sceptical
As a trader you wont care about how management deploy capital
But as a investor I do
It is the single most important thing a CEO can do
I want to know why ME decided to invest OUR money into GFINITY diluting us further
If it was a sweetener for a deal then that hasn't worked
IF he got it wrong by investing fair enough he should pull it but it's another big mistake on his part which nobody can say is a good thing
If he is right in investing with them announcing today
Then it is a master stroke and well done him
But why is that money better invested in gfinity than in MOS itself that begs the question

For the investor not the trader there is a lot to be thought about here on this one crucial point and it is crucial
it goes right to the heart of the problem at MOS and that is the CEO

Toffeeman123
I hold both so have a unique view
In your view was ME right to invest in GFIN Y/N ?
What should he do now

Yes but GFIN dont need MOS so what would that do
Maybe at a time when mos were all in on mobile gaming
But now they're into NFT's
ME doesn't have any strategic thinking
He should of done and said a lot
we are were we are
I think it's a good investment to leave it there to grow over the years.
If their profitable then means no more fundraises etc so SP should now start rerating

If they pull the investment
They have basically tied up are money for 8 months for nothing
capital allocation is one of most crucial jobs of a CEO
If he pulls it means he got it wrong which isn't good
If he keeps it in it means the money is better at gfinity than it is at MOS
If company have achieved profitability then they will fly I feel and so MOS should keep money in

Gfinity signs deal with Saudi's today
Big news for that region and for esports
Could see a bounce here with it being good news in the sector

Good news if MOS kept there shares in GFIN
They are now sliding into profitability with a major deal delivering the Saudi's football esports strategy
RNS out this morning