Gfinity – announces its fundraising, “for working capital purposes”. Er...

Self-described “a world leading esports solutions provider”, Gfinity (GFIN) has announced “it has conditionally raised £2.70 million… at a price of 1.25 pence per share. In addition, for every new ordinary share, subscribers in the fundraising will be issued with one warrant to subscribe for one ordinary share at the issue price. The fundraising proceeds will be used for working capital purposes… The issue price represents a discount of 2.3 per cent. to the previous day closing share price of 1.28 pence per share”. Hmmm – a “world leading esports solutions provider” requiring £2.7 million?...

Gfinity – argues is to fundraise to maintain “growth strategy”… well I guess still being able to trade is required to maintain the strategy!

Describing itself as “a world-leading video game media and technology business”, Gfinity (GFIN) has announced an “Update on first half performance” including emphasising “strong progress made during H1 in the areas of greatest strategic value”. So why currently a share price of 1.225p, down 49%?!...

Gfinity (#GFIN) – £3.3m equity raise at 4p per share including via PrimaryBid

Gfinity (#GFIN) – concludes strategic review, argues in best interests to develop via pre-existing strategy!

Gfinity (#GFIN) – quarterly profit… but on adj. EBITDA basis & notes project-based nature

Gfinity (#GFIN) – “operationally profitable in October and November”, so still overall loss-making then?

Gfinity – “confident… remains well positioned for growth when the trading environment rebounds”. Er…

Self-styled “a world-leading esports provider”, Gfinity (GFIN) has updated concluding “having taken steps to significantly reduce the cost base and realign the operating model, the board is confident that Gfinity remains well positioned for growth when the trading environment rebounds”. The shares have currently responded to below 0.5p, more than 40% lower…

Gfinity (#GFIN) – Australian joint venture to be closed, “has not reached the required level of profitability”

Gfinity (#GFIN) – proposed £5.25m placing at 4.5p per share, a 31% discount

Gfinity (#GFIN) says FY sales and EBITDA will be slightly ahead of market expectations - still hope for breakeven by 2021

UK Investor Show 2018 Video - Gfinity with Nigel Wray

This presentation sees Gfinity (GFIN) with one of its shareholders, a Mr Nigel Wray, aka Britain's Buffett, presenting.

Gfinity (#GFIN) – £7m placing at 27p

Growth rates are failing to support the Gfinity market valuation

Unfortunately a lot of early stage media and technology companies can look to have huge potential but then fail to really live up to expectations, and I think that has definitely been the case with Gfinity (GFIN).

Gfinity – The game is certainly on: is Neville Upton the next Bernie Ecclestone?

I last wrote on leading esports business, Gfinity, in July last year following its placing at 5p when it looked as if, potentially, the game was on. Having just announced a £6.25 million placing at 20p this morning, it is now certainly all to play for. It is worth applauding a few involved here but I still have a couple of reservations / observations.

Gfinity – looks like the game is on

Having commented on Gfinity (GFIN), the market leading esports business, a few months ago (HERE) that it would be running on fumes by the end of June, this week’s placing was not a great surprise but, nevertheless, it was an interesting development and, as ever, when the facts change, one should reassess and I have become less bearish as a result.

Gfinity – pretty good (my preview that is, not the results)

With the interims of the leading e-sports business, Gfinity (GFIN), announced this morning, I give myself a pretty strong 7/10 for my preview HERE that I wrote less than a week ago. With the share price down from 14p at that time to 9.625p today, I hope you took heed.

Gfinity – not quite as exciting as Call of Duty I’m afraid

With the interims of the leading e-sports business, Gfinity (GFIN), due by the end of the month, I thought I would put my investment analysis to the test and try my hand at an interims preview rather than the more traditional review which can often skewed by hindsight.

Gfinity continues to show impressive growth

Gfinity (GFIN) is a company that I covered at the start of the year and at first glance its final results don’t look very good. This AIM-listed e-sports company made a loss of £3.6 million for the year up to June 30 2015. But this is the type of business that needs a lot of upfront investment if it is to have a chance of growing into something potentially very big.

Gfinity (#GFIN) signs sponsorship deal with the currant bun

Gfinity has plenty of Growth Potential

Companies involved in the media sector are notoriously hard to value, as for a lot of them it is more about growth and potential than current revenue streams. That has been the case even with huge companies such as Facebook where its value and balance sheet at the time it was listed certainly didn’t match up!