March 2020 Stifel Broker Note - INITIAL Buy Rating @ 8.5p

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Pinballwiz2
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Re: March 2020 Stifel Broker Note - INITIAL Buy Rating @ 8.5p

Post by Pinballwiz2 »

Broker notes are always risk averse and darn right dampening. Not bothered, chill



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Re: March 2020 Stifel Broker Note - INITIAL Buy Rating @ 8.5p

Post by MGXYZ »

Just mulling this over on the commute and if we are in games with 30m DAUs do we honestly think £7m (the developers share) will satiate their revenue needs?

Once we are into the games and the money is flowing I think it’ll be a matter of months not years before they open the in-game native advertising flood gates.



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Re: March 2020 Stifel Broker Note - INITIAL Buy Rating @ 8.5p

Post by 28 Days Draper »

Agreed, the revenue figures in the broker note seem to be on the conservative side so hopefully we'll exceed expectations this time



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Re: March 2020 Stifel Broker Note - INITIAL Buy Rating @ 8.5p

Post by wilson63 »

Finally having a read. I've got to page 8.

Positive head year on year 19-20 1000% increase 20-21 500%think that will be higher let's be realistic that's not bloody bad from nothing. I know increased costs etc. This could involve beer :)not yet though



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Re: March 2020 Stifel Broker Note - INITIAL Buy Rating @ 8.5p

Post by 28 Days Draper »

Listened to the great sheriff's 'bearcast' today (no idea why!) and alongside the usual nonsense he suggested a new broker note had been issued today. Has anyone had sight of this?



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Re: March 2020 Stifel Broker Note - INITIAL Buy Rating @ 8.5p

Post by MGXYZ »

Hahaha interestingly Jaknife posted it on ADVFN earlier today.

We had posted it months ago... it's the Stifel one which was released publicly by Stifel at our request.

viewtopic.php?p=1674#p1674

Given their game away there though haven't they.



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Re: March 2020 Stifel Broker Note - INITIAL Buy Rating @ 8.5p

Post by 28 Days Draper »

MGXYZ wrote:
Tue May 05, 2020 5:44 pm
Hahaha interestingly Jaknife posted it on ADVFN.

We had posted it months ago... it's the Stifel one.
Oh right, good to know we're up to date :)



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Re: March 2020 Stifel Broker Note - INITIAL Buy Rating @ 8.5p

Post by MGXYZ »

https://stifel2.bluematrix.com/sellside ... ource=mail

My bad - it is a one pager dated today (thanks to @Mcfly for pointing it out)

Target price 9p
Today, management confirms that it is beta testing several new games and that it is in
advanced conversations with a number of AAA game studios.
The addition of high-profile games (watch this space) is a key catalyst to
validating the business model as would be IAB classification for the ad-format (more of a
slow burn).



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Re: March 2020 Stifel Broker Note - INITIAL Buy Rating @ 8.5p

Post by sectornitad »

Wow! Target price moved a whole 0.5p higher! :-)



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Re: March 2020 Stifel Broker Note - INITIAL Buy Rating @ 8.5p

Post by 28 Days Draper »

Does anyone with access to Stiffel's reports know if a new broker rating or report has been issued since the placing?

I recall the buy/sell recommendation was set to suspended following the placing.



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