The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
The worst thing about this whole thing is SGS were allowed to cash in there shares on successful trial news. The problem for us PI is there hasn't actually been anything released to prove it was a successful trial!! Feels like we've been stitched up while SGS banked c.£1m!
Revenue is down in H1 compared to H2?
All the contract wins this year amounted to nothing.
emusic live generated zero revenue from its free gigs.
Operating profitability was restated to EBITDA positivity but that is still a bigger loss than the prior year.
These are such a big misses Paul should have put out a profit warning long before these results. He should be disqualified from being a director. Utter sc*m bag.
He also said profotability was not dependent on any new contract wins but now it is entirely!!
we know the majority of concerts were free but Paul said it was generating millions of revenue??
Update on emusic live will be interesting.
They've had no live streams for weeks, but have a new one today....
https://www.emusiclive.com/Ciaran_Lavery/Ciaran_Lavery_Live
It's FREE!!! So perhaps Paul is trying to prove the concept all over again to p*ss more of the cash balance away for no revenue. These can't be free to host - so why bother!!
We need a couple of chunky buys before the weekend. The spread is as small as its been for a while. Scales just need tipping and then we should be a good place before results and news next week. Be nice to see us close above 0.08
Up 10%
Someone just took 600k