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Agreed. As well as that we have Graveyard Keepers 2 at #49, Streets of Rogue 2 at #84 and the Lift at #97 in the Wishlist charts. 3 games in the top 50 and 5 in top 100 is very impressive for a company with a market cap of £35M. Over 47k members in the Sand discord group. I think Alex is right. The stock is too cheap

I believe it is because Alex Nichiporchik announced that he will be buying more shares on the market post the release od Sand. Alex posted on X "This is an official disclosure that post-launch of SAND on Steam next Monday, June 22 I will be buying more tinyBuild Shares traded on the London AIM Stock Exchange $TBLD.L

The amount is TBD. I believe the current price is severely undervalued. "

I certainly have views. Quarantine zone is off to an excellent start. It has already in less than 24 hrs has had peak concurrent users of 23800 and is currently the #2 top seller on Stram by revenue. This could of course drop off quickly. The reviews are really good ans all negative reviews refer to bugs which will be easily resolved via patch.

Ball x Pit did and is still doing way better than OK. I estimate about 930k copies sold. It has incredible reviews and getting nominated for awards. Skate Story is also certainly financially successful but nowhere near the other 2. I would say Devo are delighted with the past 3 releases. My only concern is the high guidance of USD $100m revenue for 2025 which they will probably just miss due to the delay of Quarantine Zone till 2026. Saying that Ball x pit certainly beat expectations. I look forward to a Trading update from the company which I expect will be positive and lets see how Quarantine Zone goes over the next few weeks. I think things are looking very good though

Such a typical headline grabbing phrase! Delayed indefinitely does not capture the sentiment of the comments from the developers. A thought I had was that this was actually a clever play by tinyBuild. Kingmakers is now number 6 on Wishlist charts. Number 3 and number 5 (Battlefield 6 and Arc Raiders) will have been released by the end of October. This puts Kingmakers into #4. Quite a coveted position for a microcap!. I am sure many of the sellers were just previously following momentum and were just realising their gains. There are of course a lot of unknowns but the facts are tinyBuild have 4 games in top 100 and one of those is likely to be #4 in the next 3 weeks. I am liking the odds of success

Playstack indeed steaming ahead and a few things to look forward to too on that front; Abiotic factor to be released on console this year and MS 2 next year. Balatro sales have advanced again after hitting a low in early May. The low was never that low though so it remains a very very solid back catalogue asset. Unbeatable could do pretty well too. The developers have put years into it and it is sniffing at the top 100 Steam wishlist. I think Trufin have hinted that both Oxygen and Playstack are up for sale but I guess that that may take some time. The buyback although not increasing the SP is certainly keeping it stable and feeding sellers that want out. I am a long term holder as well but with the state of Oxygen and Playstack very happy to remain one. Satago could surprise us but there is not much priced into it anyway if it doesn't do much. I think things are pretty bright for Trufin and with the visibility we have at the moment, risk is pretty low and I think there is more upside to be had. That's my thoughts on a postcard

They already released a major update in Feb which was free. Localthunk the developer said he was continuing to work on it to add new content and strategies but I don't think they will charge. It will likely keep back catalogue sales strong though

The numbers are excellent for Playstack anyway. Balatro has continued to outperform. YTD sales on Steam of approx 1.5 million and 690K since the update (28th Feb) Balatro discord grouo membership crossed 150k during the week. Balatro reddit group has now 432k members.(285k on 28th Feb 2025) . The game hovers between top 2 and 3 highest selling game on apple. And has been since its release in September. It is now offered as part of apple arcade so this is likely one of those platform deals they mention. The game is still number 1 top seller on android aince release. Abiotic factor has sold approx 260k copies since Jan 1st and will be moving off early release in a few months,releasing v1.0 and selling on console. This is a very successful game and this release will certainly increase sales. Playstacks latest release Darkwater seems to be a flop but Unbeatable which will be releases this year is number 112 on global wishlist and has a dicord group of nearly 10k. It doesnt guarantee success but it is looking good. All in all, it looks very bright for Playstack. Oxygen seems to be a no brainer with visible revenues well into the future. Satago is the problem child but hopefully we have had all the bad news there already. Anyway, I am a happy holder and think there is upside to be had here

I wouldn't say it is the reason at all. Saying that, the market is confused in my opinion. The reason should be still Balatro. This game is huge and the rise of the Golden Idol pales in comparison to current day to day sales. Balatro hops between no2 and number 4 of all games sold gloabally on iphone. It has never dropped from number 1 on Playstore since release in late September..Balatro's discord group has over 60k and its reddit group/substack 119k. Both growing. My calculation on sales count on PC sales is over 2.25 million. Mobile sales is harder to work out but it is not insubstantial. Moving away from.Balatro, Abiotic Factor is also enourmously successful. My estimate is 850k sales now. This game is almost twice the price of Balatro. Sales are continuous.

Back to Golden Idol. Reviews so far are excellent but sales will be way way lower than both of these. It will be however absolutely profitable and it wasnt long ago Playstack boasted about the success of the case of the Golden idol which is now a minnow. I am not surprised that we havent seen a TU from TRU on this. Beyond these games we have Unbeatable coming up next year, an Anime game that is years ine making..who knows what happens there. Then we have Mortal Shell. The future is very very bright for Plsystack. --- I have more good things to say on Oxygen but will leave that for another day...

Circuling back to my thesis. I opened a position at 3.09 expecting this open offer. My position is tiny and of course was down a shed load. The open offer has materialised and now I can buy at a significant discount. Risky plan seems to have worked out.

I am comforted about the silence on here as it explains the lack of share price movement I feel like the market misunderstands what is happening. For some reason people got hung up on Satago because Lloyds was mentioned but I don't think it was ever going to be the success that people hoped for. Playstack on the other hand are are completely smashing it out of the park. 2 million sales in Balatro and over 600K in Abiotic factor ( which is 1.65 times the price of Balatro) In September you will see >100% revenue increase for pcp. Oxygen will see its usual 10-15% growth and even Satago will see 60+% growth - though of course this growth will stop from this half. Playstack is however the diamond here. If you do the sum of the parts, - Lets value Oxygen at the 28 million they were offered and Trufin rejected a couple of years ago. ( It is worth more than that!) Lets give Satago away for free and it is certainly worth more than that. Actually Sinead McHale would hate me now. Let up it in case she ever reads this. OK Sinead, bargain price - how about the 5 million that Lloyds initially put in. So that's 33 million. That leaves 23 million for Playstack to value the company at fair price based on todays share price. ( accounting for debt on the books). I think this company is mispriced. I haven't even mentioned the circa 10 million they have in cash and equivalents - a lot booked in for Mortal Shell 2 and 3 that could flop of course - unlikely I would say but that's a potential risk.... Anyway, that's my thoughts.

Very true! My thesis may not be flawless.!

I just started a ( very small) position here. I was a shareholder a years ago so familiar with them. Here's my thesis. Placing guaranteed, thats for sure. Being a shareholder obviously entitles you to take part. Lets assume it is at a discount of 30%. The SP might drop to meet it but then the realisation that working capital is the only thing that is holding them back. They have told us they expect to be EBITDA positive this year. Not sure if I entirely believe that but at least they will be close. So when cashflow issue is resolved they suddenly look very cheap. They can dillute the crap out of us and raise the current marketcap and it will still look cheap once funding is sorted. Mad risky if course. Maybe it is best to wait until that placing is announced but I actually prefer to triple my holding in the placing and then watch it rise. Plan B is lose all my money :)

Good for you! I also took a risk and bought some more when they started trading again in in June and also took part in the capital raise. Not back in profit but nice to recover some losses.... Anyway, I think this news will now resolve the required remaining immediate funding as I am sure this is what was being hinted at in recent RNS's regarding major shareholders. I suspect they were waiting for this to commit to any more funding. Hopefully, this is the start of some good news for the company.

I do realise I am replying to my own message. We are now at 15p where I said I would exit. Up over 100% now. What I might do is take 50% out if I can sell at 15. Terrible market conditions but there are definitely bargains out there for stocks that are oversold on bad news

I sold out on the TU at 15p and then unexpectedly found myself buying 3 times the number if shares I had sold earlier at 7.1p

There are clear red flags and this has been a disaster but the sell-off is far too extreme. I understand how it has happened and I get that previous investors want to just forget that this stock ever existed. This is however what makes it an absolute bargain. I don't see any immediate danger. I don't think it will be long before it is back at 15p at which point I will sell again.