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I was never going to be a long term holder (like years waiting on a multi-bagger).
I wasn't aware that the likely rise would have been less than the likely 90% fall on bad news.
It's cold comfort but I've no idea how I managed to get out at 1.21.
I actually feel more sorry for those who've lost 80-90% since Wed buying this lemon.
It makes you wonder what the plan was from ADV all along; corporate BS for a 'JV' company... Doing what exactly? Levering all the risk?!
The emperor really had no clothes.
I would have advised ppl to sell 8.10am on Wed but now, it is just a bottom drawer job. I took my remaining 3 figures out to pay off the Christmas credit card: get some positive from it and wipe the dust off my feet of this crummy stock.
BOD have to slash salaries immediately or risk liquidation by May Day.
Well I got hammered on the SP on Tue like many others.
What prompted me to rebuy 100k (shares not ££) is we have to accept there are no ii buyers: but 2 billion shares have changed hands.
Now maybe this is tinfoil hat but is there a possibility of a gambit at play? Company insiders knowing the SP will tank, 3rd party buys happening, then a 'its not as bad as we thought' RNS dropping and there's a rubber band rebound?
I'm not saying there's anything dodgy in that ; it was ADVs prerogative to be as vague or explicit In the 1st RNS as they wanted.
They're understandably gutted there's no golden goose, but playing the medium term game buys them time.
As we know from politics when you're explaining your losing so no immediate follow-up RNS isn't unexpected.
Any positive news WILL result in a bounce back in SP.
In the first 36 hours it was only cowless village idiots with 3 magic beans that would really have been buying this.
So applying the wisdom of crowds theory there have to be a lot of ppl who suspect there's something semi positive coming to shift 2 billion in as short a time.
Then again, I don't have a cow so I could be part of the 'bigger fool' brigade... Again :/
Just a thought, but rather than post mortems on fouled up seismic data, why don't they drill down to where the main reserve was; it's been abandoned 18 years, there may be the prospect of replenishment.
In short, surely if extraction without a partner in place is impossible for ADV, the establishment of X million barrels would mean they could sell the extraction rights on to a mid or large cap to recoup costs and salvage something.
Might sound naive I know, but I can't believe the entire buffalo site is a duster.
If MMs, the company, share holders and BOD manage their expectations better there's likely something salvageable.
If they do a Carnarvon and walk away they'll never have credibility in the O&G sector again IMO.
The mistake was over promising on the 80m column, regardless of what seismic survey said: with oil prices so high they should have revised down expectations, allowing for a softer landing for the SP.
An 85% savaging was of course extreme, but it makes you wonder was there as much corporate arrogance and group-think as corporate incompetence.
Still, if they hadn't had the skin in the game they had, I'd never have invested the amount I did. I'll let my poltry 100,000 shares bottom drawer that I re-bought at .7p.
Like many I'm still trying to shake off the shock. Seeing that vertical line was the most gut wrenching thing I've seen in 30 years of investing :/
It doesn'take Dry January any easier:(
3 points:
1s: I lost £5200 selling @ 1.21 this morning. I was top slicing at @ 5.51p for a third of my investment the other day but cancelled the order #raging
2nd: there are only 3 outcomes here: this has little intrinsic value so with either limp on until cash reserves dry up or if there is salvageable oil reserves £3mil snaps 51% of it up for a mid cap to asset strip then burn. . Most likely though it will fold as Carnarvon's share price will be savaged tonight when Oz market opens, further dragging on the Adv price for the rest of the week.
3rd: so sorry to say this but the most likely out come is insolvency: it's not even worth sustaining as a shell (pun, painfully intended)
GLA, esp if you choose to hold on...
I like the crypto linkup. Any word on events @ Gfin Arena? That would raise revenue and profile. My teens watching ever more Ginx TV and streamers. E-sports is going to explode imho.
In our lifetime it will compete with the Olympics in terms of sponsorship money and viewing figures.
Plus in simple terms millennials and Gen Z much more likely to buy and participate in e-games they watch than buy a javelin...
Only way is up for companies like Gfin that are in early.
??
I'm not sure whether I should take being called a bot as a compliment or not.
Am I being accused of being a ramper or deramper?!
Giving an honest appraisal of where Gfin is SP wise surely makes more sense. What I like about the SP is the fact it doesn't experience ridiculous swings or pumps and dumps.
There has long been, imo, an unfair SP link between bids and gfin.
Criticising me by saying that investors interested in the E-sports sector may look at Guild instead of Gfin is nonsense and an example of not knowing the sector seems unfair.
Im invested in Gfin; not in Bids or Guild. My point was that Guild 'appear' to be more communicative and driven by dynamic growth: my only desire is for Gfin to build on the positives and communicate the same drive for growth. They have an excellent management team but perception and market sentiment is everything to the SP.
I'm happy for others to disagree.
I'm away to change my batteries and down a nice pint of WD40...
??
Gfin are at risk of losing momentum to new kids on the block like Guild.
Not ideal that Guild are seeking an SP linkage with US to allow North American trading.
Am hoping there's a Gfin RNS with some meat on the bone before end of financial year about their plans to spring out of lockdown and capitalise on the pent up appetite for live e-sports events.
Again, BoD increasing holding would be a positive move imho.
I only hold 50k; would increase that on some positive news.
10%+ spread.
SP is most volatile I've seen in a while. Low volume but SP holding.
Imho I think theres a bull run in the offing. Likely to spike at close to 7 then tree shake a bit.
Is 7p incredibly over priced? Probably not, given gfin & sector potential. I'll not be surprised to see some funds add this in Feb, given the above; if it hasn't tanked backed to 3s there enough to sure it up at 5.
MM shud just take the handbrake off this one and let it go.
If BoD increased their holding a bit it would boost wider market sentiment.
Are there restrictions on what they can hold?
Knowing someone's car keys as well as their chips are stacked in the middle gives others more confidence to jump in...
Is there news on burtons etc.. al. Or is this just expected rise?
Cant believe retails and corps buying the dog**** around 'hoping' for a post covid bounce when boo is proven already in revenue, growth & profit.
It's so undervalued; the reason they havent pushed boohoo man to date is mopping up debs gets them provenance, make-up & accessories, access to Male market, 30-70+ demographic. Burtons etc. Just broadens the appeal.
Asos & Boo have the UK and soon a lot of the EU & America sown up.
As for ethical governance, they've had a sp warning, they'll not **** in their own nests again anytime soon. I bet PwC are regretting the millions of lost business with their knee jerk.
Boohoos demo are gen zedders & millennials I.e the 'woke' generation: and they're still happy to buy.
I'm at a loss why corporate in particular is so retisent about buying boo. Still, slow, organic growth better for the rest of us, no1 wants ramp & profit take, let alone pump & dump. 2% a day means way over 4p by end of Feb
Happy days
I hold Boo & same thing happened. Ppl bought the rumour & sold the news.
It bottomed, I bought & it's up 7% in 4 days.
Apples & oranges I know but market sentiment is identical.
Ppl need too see the dip as a buying opportunity.
As was posted; are e-sports companies likely to do worse when lockdown lifts, especially when 1 of gfin's core rev stream is arena events???
SP softening to improve profit margin for corporate investors set to purchase. Rebound in SP will be significant in next few days.
TO may well be in the offing but I can't see such a significant player in the esports sector selling for sub £40 million. As i posted at 3p, most games development companies would lose such sums down the back of the sofa on marketing a single title like a COD release.
Would be like buying a multi billion $ company like netflix for the price of a cup of coffee in sector revenue terms.
No obligation to give a TU; this is not and should not be read as a profits warning. I'm buying again in this dip, 3rd time to top up in 2 days.
Liquidity will send bids into a further death spiral.
Gfin will mop up bids for contacts, sales expertise & IC, retaining a couple of sales staff only; at a fire sale price it would fit perfectly with their model.
In the meantime anyone fleeing from bids but seeing the exponential value in esports will find a safe home in now profit-making gfin.
Agreed.
Graph would suggest consolidation done & a second mini bullrun due.
Will likely get to 5.5 (£40m) then find it's feet somewhere about the £35m mcap as suggested. 2021: who knows where...
Hold on to your butts...
Blackrolie's gone very quiet!
One of my favourite Speilberg quotes is when he said he knew he was wealthy because he bought his multi-million dollar mansion with what E.T. grossed... in Bolivia??
If gfin had fallen back to 2.5p it would have valued the company at £18m ... or what a games company would spend on marketing for one middle of the road title...
Meanwhile Gfin are spearheading the entire e-sports sector in the UK & beyond, with multiple revenue streams. Its potentially a 'microsoft moment'
I don't understand how this stock could have a value of less than £40 or £50m by the autumn. Bar the prophets (profits?!) of doom wrongly identifying it as a pump & dump victim i've yet to read what the actual risks or negatives are.
Used to be a cash burner; most likely isn't now; has been thrown the mother of all boosts by Covid...
Fill your boots