The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Me to. That's why I asked the other day if anyone had bought any on the CSE? Seems like a bargain. Then again, whenever I buy a bargain, it's an even bigger bargain some time later on.
Doesn't anyone read the annual report. The NAV was unusually low due to a write down of the Factom asset and a few others namely Vogogo I think it was. Then we had 2 placings last year which would have artificially lifted the NAV by 4M, then we had the Emmac sale that gave us a good wedge of cash. Leap added an extra 2M so all in all, not bad but I think your post is missing some vital detail.
Strange times. Yooma forcast revenue run rate Q4-21 over $32M. CSE Mkt Cap just over $21M.
https://yooma.ca/wp-content/uploads/2021/07/Investors-Presentation-Jun-2021.pdf
Has anyone here purchased yoom stock on the CSE?
Kierewiet, are you sure you don't mean this page on the leap gaming site?
https://leap-gaming.com/our-games/
I don't think being in profit is that important at this time. If the company is still in a growth phase then it is going to be throwing off cash to enable that growth. Sometimes, when companies suddenly start making a profit, the growth phase is slowing. I'm not saying in all circumstances but Leap is still quite a small company.
Then again, we have been invested here for over 5 1/2 years now so as shareholders, we should now be told how that growth is going and I don't mean in percentage terms. We need to know revenue figures. If they are available from Malta companies house, then we should also, as majority shareholders, know accurate figures.
Bit of Leap news out today, new game to showcase.
https://leap-gaming.com/game/instant-football-2/
Excellent informative post there doggo, thanks for that.
South West Brands will be launching a couple of products soon. We've only got a token amount here but could be a winner. If successful, I can see another bit of our pot going in here soon.
https://uk.indeed.com/jobs?q=Cannabis&vjk=6485b0e7972445e5
If you watch the investor presentation, it's about 28 mins in.
https://www.investormeetcompany.com/investor/meeting/investor-presentation-36
Exactly ICB888, that's why I believe that the Leap valuation on our book is a very conservative 3 or maybe 4 x revenue.
In the interims dated 3 Dec last year, our Sep 2020 valuation for leap gaming was £7,350,000. That makes the whole company valued at approx £17M. I believe that Ed hinted that companies in the public sphere were valued at a minimum of 7 x Revenue. He did emphasise the public sphere. I've no idea what revenue multiplier would be applicable for private valuation purposes, but I wouldn't think it would be anywhere near as high as 7 x.
Have you looked again today Karl2991?
Might be a good idea for Ed to buy some more Yooma as funds do seem to be stacking up in the ffwd war chest. I know we already have a decent position here but if it were to drop to silly money, it would be great to have a really substantial position here. Taking info from other boards and posters, Yooma do seem to have a lot of products and contracts already, so when they become more visible to investors, there could be a massive lift in the share price here. Just a thought.
Yes, quite a new stock on a very illiquid market. Might be a little rocky until they start getting some trading history/data out there. I still believe it has major potential and then when it lists in London? Quite excited for Yooma.
Some elaborate tax mechanism for the lads? Come on people get a grip. That's off into the land of right wing conspiracy crackpot theorists. I must admit, I was disappointed at the Emmac sale as I truly believed that it was a huge company in the making. It had only been around a few years and revenues were already reported to be close to $35m this year alone. But today is another day. We made a few Million and now we move on. Leap up soon, and with nearly 44%, we have a lot of clout here. There's no way they can sell that off on the cheap without consulting shareholders. Whereas with Emmac, we had a tiny percentage and had to basically take it on the chin. Then there's Yooma, and as some have pointed out, now have all those brands and are moving into Europe. If you look at their website, they now supply Selfridges and Holland and Barrett with plenty more to come there. Could also be a monster in the making and for now we have 8.9%. Plenty to be cheerful about.
£4 Mill cash equivalents are what they could sell Yooma and Portage at for cash if they so wanted to I presume. So your £25m is probably about right.
And there was me thinking that we were going to be a part of that potential 1 Bill IPO. Bit naughty there Ed. I don't think people will forget that too easily.
https://www.cityam.com/will-londons-budding-cannabis-market-turn-the-eu-green-with-envy/
"The ventured capitalist predicted that by the end of the year anywhere between 15 and 20 listed companies would have a cannabis theme to them in the UK, but their market caps would vary wildly, with anything from single digit millions to potentially over one billion on the table".
Yes, your right, thanks for that. Rookie error there.
Some very good postings today. However, don't forget the £250k that we lent to Leap last year sometime. I went through the interims yesterday as well. Seems to be quite a bit of expenditure on legal fees also. Are these the fees for the Factom case or perhaps a fraction towards the Emmac deal etc. It would be good for starters to have the AGM in England somewhere, only because it's more central to all areas of the UK. We could all then ask questions and look directors in the eyes etc etc. Any accountants on here able to shine more light here. All looks OK to my untrained eye.
Anyway, hopefully a good few months lie ahead now.
PF, I know I'm splitting hairs here but don't we have a 10.65% holding in Yooma? 85% still gives us just over 9%. Hope I'm right but I'm willing to be shot down if I'm wrong.