Not that Iām complaining at the opportunity to average down quite considerably, but I do find that very odd. Revenues up over 1000% but the headline is all about the loss increase.
Headcount went up 250% - of course cash and assets is going to go down.
Ah well, sell the headline, donāt read the article. Iāll snap up a few more at the lower price gladly.
Iāll be doing the same. A massive amount of shares must have been sold today for the price to drop so much in the first 50 minutes of trading, quite unbelievable. You would think they had declared the whole idea a failure.
Was going to say I assumed they had bad news which was why it went to 8p!!!
Doesnāt look too bad though
What a car crash of an RNS. Itās blunt and poorly written but not bad when you look at it.
What they should be including is a list of potential/expected value of work currently in the pipeline, compared to previous years against actual figures. That is 100% missing.
āRobust and typically long sales cycles.ā
They have the numbers, share with us.
Interesting thanks for that.
Iām still getting to grips with financials and reports so bear with me.
An addition of 49 staff you would think net assets may have increased - new workspace/office? Or WFH?
Maybe Iām looking too much in to it.
Cash decreasing. Hope their ābig contractsā pay off soon.
Think at p7.4 I may have to start a position
Got to be WFH just now surely. But then kitting 49 staff out with software, hardware, etc.
Current cash levels could/should sustain them another yearā¦?
Iāve taken advantage of the current drop for sure. Although, still waiting for that trade to executeā¦ bloody AIM.
Is the drop largely about the fact that shares will need to be diluted in coming months to raise more cash? Anyway I have now opened a tiny position.
Thatās my rough view. Loss of 7m on 2020 and 5m in 2019.
I did think their accounts said a loss of Ā£4m so need to check for 2019.
I will check the dilution impact of the 2020 raise and see how I think that impacts things.
I guess in the grand scheme they were targeting 1.5m revenue and hit 1.7m so thatās something.
Did anyone at the AGM questioned why they wonāt name any Future contracts or is that more confidential?
I would expect they either have an NDA, or donāt want to share details with competitors until everything is finalised.
We need to know where the undisclosed sum of cash received came from.
Iām currently on the fence with averaging down on this one. Cant tell if we will see an RNS shortly saying they have run out of money, or have funding and will bounce.
The fact theyāve been taking on a lot of staff this past year seems to make me think they donāt see funding in the short term an issue. I might average down my small position to about 9p.
Thatās where I currently am. At the moment the pro is the moat and potential, whereas the con is the management, which is a fairly prominent red flag.
Sticking for now. Was always a long term play, so will see it through a few stage gates before allowing myself to become disillusioned.
I averaged down with another 1000 when it hit ~6p - like Joey says their moat is fairly wide atm. It seems to be a mostly untapped, obvious, way to get even more adverts in front of people. Especially with people spending even more time playing games recently.
Fingers crossed the money does not run out before they can achieve something good.
Yeah the problem is what competitors they do have are all private companies, but that doesnāt mean theyāre not doing it better. It just means we canāt bloody well invest in them! 
@Dougal1984 get big Tom involved. We need some instutional support. 
More news today.
https://www.londonstockexchange.com/news-article/BIDS/bidstack-teams-up-with-moat-by-oracle/14863380
Thanks for sharing. Explains the 10% spike today I suppose.
Happy to stick at 6.75p @ 500 shares at the moment. Couldnāt add more in due to Car Insurance being due
Started looking for a position and think Iāll try my luck Monday with the fun of AIM, but I tend to get a bit frustrated at seeing a string of trades on LSE but not being able to get off book market maker trades (impatient I know). I liked the idea at 12p but no trade executed, other opportunities arose so I placed funds elsewhere. Now itās back to the 6p range and sitting on the 200MA Iām much more interested. Sadly @Venetia1993 Iām also stuck with car insurance this month too!
This is my first port of call for all small UK listed companies. Even had a look at Trading 212 before joining 
I havenāt seen anything or anyone obvious either. I can definitely see this working well in games such as Fifa and other āreal worldā based games; less so in the FPS genre though as I canāt imagine too many advertisers wanting to place visible ads in games based on shooting or anything close to it. Take Alphabet/YouTube for example, they demonetised or placed heavy advertising on nearly all firearm related content.
Either way, from an investor standpoint I do like the idea and would mostly be buying in for the idea, along with the low debt/assets ratio, although there is the dilution concern. Off topic but Iāve also been taking a good look at MIRI after @Finki mentioned them too, just waiting to see what happens as itās dipped below 50MA
Iāve averaged down a few times recently and by AIM standards itās not too bad. Havenāt waited longer than an hour for execution and got some decent prices given it doesnāt fluctuate drastically at any point.
Yeah MIRI is also on my (very very short) UK shortlist).
I keep picking up MIRI ā¦ but always on FT as I canāt take the pain on T212