Member Info for simon1367

Well, it all remains a mystery. I've watched a recording of the presentation by the CEO, the CFO and a couple of other guys. All very informal. Most of the hour was taken up by a repetition of comments re the accounts and the games.

Shareholdings came up in a couple of questions at the end. About recent significantly large single trades detrimentally affecting the shares, the guy there said it was the seller (not the company) who is obliged to instigate an RNS if the percentages in ownership changes to, as he put it...''3, 4, or 5%''. Whilst the company were not obliged to check anything they had nevertheless made checks and there had been no significant change in ownership re any of the senior management or major institutions shareholdings, and the details on their website were up to date.

The last question asked whether the CEO was tempted to, or wanted to buy more shares in the company given its low price and great prospects. The CEO said he would love to buy more shares at this price but due to technicalities it would instigate a 'takeover event'..... On that basis he said he couldn't do it. I think he also said he thought the price had been subdued due to not many employees being able to buy the shares as most were outside the UK. They were looking at ways of making it easier for employees to have share ownership.

Unfortunately I am none the wiser after watching this. Only my opinion, and I may be totally wrong, but I got the distinct feeling that this is still a bit of a one man band operation. I was left underwhelmed.

The results on the face of it are good given the overall environment stated. My only observation that back catalogue sales represented almost all of total gaming revenues, seems very high and so it will be imperative that successful new titles emerge.

Reading through some of the usual waffle one gets from these reports, I can't see that any of my queries have been addressedd. If I'm asking them, I'm damn sure many others are too.

On 7th February the SP had drifted down to a lowly £0.75p. This morning, even after an 8% rise following the results, I could still buy at £0.515p.....some 31% lower than about six weeks ago. Whoever sold on 7th February has left everyone else a big hill to climb. I will be 'unhappy' if it turns out to be the COO as was.

The fact that one of the founders, Burtis, has decided to leave is disappointing.....only two years after the IPO. There doesn't seem to be any announcement that he was a seller, but no doubt we will eventually find out. And they don't intend to carry on his postion of COO, preferring automony within seperate teams. Just my opinion but, in my eyes, that carries risks too with no overall COO monitoring the teams.

Quote from the CEO today : ''It's easy to go insane when looking at your share price live on screen. I see many people obsessing over it. Our shares have been volatile and it means that the share price can move up or down by 5% or even 10% in a day, but that volatility doesn't alter the fundamental value of the business''. Yes Mr Nichiporchik, quite so, but that doesn't explain the 20% drop in SP on 8th February. Without RNS's, everything becomes even more nebulous.

Grimrip44....Are you saying £8.22 isn't a good entry point? Shares such as this are volatile and positions change. I stand by my comment of the entry point at that time because inevitably in the long term the chances are that this share will recover quite well. In the short term, it is precarious.
As for growth, that wasn't particularly in evidence in the last four months of 2022 was it? In fact overall revenue was down. The present team are 'now' correctly focusing on what they should have been doing two years ago. There are lots of cost savings to be found and I'm not comfortable that it's still largely the same people who are in charge and who have failed to put their money where their mouth is. That lack of confidence is probably indicative of why the shorts are on the rise.
just look at the basics. Asos 'a growth share' that at one point not too long ago was approaching £60 a share and has since gone down 87% in two years. That's a poor performance when you see the likes of 'Next' down by only 12% in the same period.

Grimrip44..........your insulting stance on anyone who sees a weakness in this share is becoming tiresome. ASOS's prospects, from this level, look reasonable if they can achieve their recent cost cutting targets. But it's going to be a long old slog. The shorts are still far too heavily into this share (5.69%) and all the while they are at that level, third largest on the exchange, we will not be seeing much of an increase in the SP. My view is that the company requires better management than this. Yes, its cutting costs but is sacrificing growth. Just look at the last couple of years... £55 down to £7 can only be described as pathetic. Let's just hope it gets taken over and puts everyone out of their misery.

Weighing this one up. Good entry point? 16% discount with decent yield at the present price. Good long term hold in my view.

Thanks Charlie, I only asked the question as Amati held over 2% last August, so they slightly increased their holding after that to trigger the 3% figure. I use the ''Simply wall street'' website which shows more detail of ownership down to much smaller holders.

Thank you Shearclass for your reply too. All very interesting. This does raise questions about how AIM is regulated, or not, as the case may be!

Hi Charlie, I would appreciate it if you could tell me which website you got that information from, thanks. I thought Amati had been holding more than 2% long before March 2023 but I stand to be corrected! I think confusion arises on certain sites not being updated quickly.

PDiddy1........At 67p You're probably one of only a few lucky ones fairly close to the present SP. The rest of us (well, at least me) are totally dismayed at the way this price has continued it's downward trend, and can only hope of an encouraging results day. And my continuing question is : who sold a massive holding in February and why is this not reflected in the major shareholding percentages? It doesn't really add up.

Ripley94.....I don't think it is relevant. Tinybuild is essentially a USA company registered on the UK AIM, It has to hold a usin to be identified in the usa.
I'm more concerned about the zero explanation of the big share sale in February. Clearly someone, a big holder, had decided to run out of patience with this share , or knew something we still don't know, or needed the cash desperately, or saw a better investment opportunity elsewhere.
I'm guessing that there was not a waiting purchaser for the shares that were sold, and that as a result there has been an overhang of shares readily available on the market....hence the slow drift down.
In my opinion the shares are extremely good value but I am very nervous at this downward trend. The old saying 'the market never lies' is often true. The question is....do I top up prior to the results at the end of the month? The only downside to what I believe will be a decent report, is the amount of cash they will be burning through.

Phatstyle.....I agree that up until a few weeks ago the tide was beginning to turn in terms of the shorters. However, the shorts have again started to increase their positions from 3.48% on the 14th February to yesterdays 5.60% making it the second highest shorted company on the exchange. Perhaps this why the shares dropped a bit in the last few days. It was making good progress until then.

I thought this RNS might be news of some change in shareholding, given the situation last month with the big sale.
Instead, it is confirmation that results will be announced on 29th March, with a presentation that everyone can watch online on 30th March. People here might wish to put in their questions to the tbld directors prior to the live presentation (see RNS)

In other words, if this is what is happening, the small investor has been shafted. Investors Chronicle and Questor have both been quiet recently after extolling the virtues of this share.

Results would appear to be due around the end of March with all the indications that the company continues grow and progress well. However, I remain concerned that we never got an explanation regarding the turmoil earlier in the month. On the basis that the sp dropped by 20% on that day and has remained flat ever since, it would 'seem' that there were not sufficient takers of the sold shares meaning there's still an overhang in the market suppressing the price. I was of the understanding that if someone relinquished such a large percentage of the shareholding that it would have to be announced within a few days. Or does that announcement only have to be declared when the sold shares are eventually picked up by someone else, rather the brokers left with the overhang? There was a 50,000 share trade today....a buy or sell? The graph suggests a sell but who knows? I'm sure ShearClass can elucidate.
I notice that the official shareholdings of the top five biggest investors (including the founders and Netease) have remained the same. Something is a bit odd here. It may be a technical issue but it stops me from adding at the moment.

So we are still none the wiser as to what happened on 8th February . Surely there should have been a TR1 / RNS by now unless all those sold shares are still in the course of finding a home. Shareholders deserve an explanation.

This is a marathon not a sprint. Entain is a good bet! I would not be surprised if MGM come sniffing back. They know value. Meanwhile, no worries, this is a reasonable one to tuck away anyway.

Shorts (those we can see) now down to 3.86% This is a considerable drop from a few weeks ago. Nearly down to BooHoo's level. We could be seeing the start of a turnaround here. Sentiment appears to be more positive. The market is reading ahead and is betting on a recovery. Now is possibly a good entry point.

Shearclass......thanks for the insight into the selling/buying scenario you outline demonstrating that some are false sells. I'd be interested as to know how you executed your dummy trades and through what facility. I only ask this as whenever I've tested this a few times over the last week by putting a buy and sell order through at the same time using different platforms (without the intention of accepting) the difference has been fairly predictable at around three quarters of a penny and a penny and has corresponded with the majority of the red and blues on LSE. Admittedly not all but mostly. On a small capitalised share like this on AIM, based on a quiet day, the buy/sell margin is usually likely to be bigger than the one you quoted.

Charlie156 Thank you for your efforts. I would have been very concerned if the founders had sold such a sum.

However I also remain concerned that one is able to trade on AIM such a massive amount of the shareholding and yet a week later we are none the wiser as to what happend and who the new owners of these shares are. Meanwhile the SP has settled at the lower point with a few more people giving up on the share.

Not sure what's going on with this share. Am I missing something? The update was sound, the balance sheet looks fairly healthy and the prospects are very encouraging. Then we have mayhem last week which we have yet to establish why.
Yes the sector is out of favour and someone has sold out big time. Small private investors continue to sell. All the while the likes of JPM, Chelverton, and Slater are in there albeit in a small way, I remain a holder reluctantly.

Many small private investors by the looks of it are deserting the ship. When I bought in at around £1.50 I thought I had found a little gem that had gone unnoticed. I couldn't see too much wrong with the balance sheet although there's always the risk of a cash call at some point with a quickly enlarging company. However to see the ridiculous event this week is making me wish I'd put a 10% stop loss on my investment. I'm tiring of these situations where everyone is in the dark for a few days while we find out what has happened. Whoever sold out like that must have either been desperate or knows something we don't. I hope it's the former. Also if I find out it's one of the two founding owners (which is highly unlikely imo) I will be out in an instant.