When I have surplus cash, I find it helps! :)
In all seriousness, FDEV are cashed up and one of the best video gaming stocks if you're looking for a nice debt free share with tremendous upside and little downside from here. All IMO of course.
· Revenue increased by 16% over the comparative period to £57.1 million (H1 FY22: 49.1 million) through the release of F1® Manager 2022 in August 2022, ongoing sales of the current portfolio and new PDLC (paid-downloadable content) for existing games
· Gross profit margin of 63% was consistent with the comparative period (H1 FY22: 63%), underpinned by the continued contribution from the existing portfolio
· Net R&D expenses reduced by £2.5 million to £16.1 million (H1 FY22: £18.6 million) mainly as a result of the full amortisation of Elite Dangerous: Odyssey during FY22
· Operating profit rebounded to £6.9 million (H1 FY22: a loss of £1.3 million) through a combination of a higher revenue and lower R&D costs
· Adjusted EBITDA, a measure of cash profit, remained as a small net outflow (an outflow of £0.6 million versus an outflow of £0.9 million in H1 FY22), reflecting continued investment in future titles and support for existing games
· Net cash balance was £42.6 million at 30 November 2022 (31 May 2022: £38.7 million). Net cash grew by £3.9 million during the period despite an £8.8 million cash outflow in November 2022 for the acquisition of Complex Games
@ShearClass... oh please!
https://www.zinnwaldlithium.com/projects/zinnwald-lithium-project/ ... here JUST the "Measured" Contained LCE is 357,659 tonnes worth $34,000 per tonne at 2020 prices*! That's $12,160,406,000 !!!
(* https://pubs.usgs.gov/periodicals/mcs2022/mcs2022-lithium.pdf)
Henry Maxey 14.6% biggest shareholder profile here https://www.ruffer.co.uk/en/about/whos-who/henry-maxey gives me confidence in ZNWD. Put Ganfeng Lithium's 8.7% holding in the mix and you have IMHO a super share for PIs to buy and hold IMHO.
DYOR.