Market's view on Gfinity
Published on April 2024
- A stock watcher criticised the company for apparent mismanagement and deceit, noting that the company had no real intention of finding a buyer and has not sought another advisor.
- Optimism was noted about the stock’s short-term performance, with expectations of a positive close and further gains the following day.
- It was mentioned that the last stock placement price allowed small investors a chance to break even, suggesting it’s a good entry point at the current price.
- Speculation about potential director purchases was raised, indicating this could positively impact stock sentiment.
- Criticism of the company’s frequent placements, with a recent example cited where a placement was arranged following a mediocre report, implying a pattern of funding operations through equity dilution rather than earnings.
- Positive feedback was given regarding the company’s latest half-year report, describing it as honest and transparent with actual profits shown and a healthy cash flow situation.
- Concerns were expressed about the company’s financial sustainability, with stock prices suggesting potential insolvency without timely operational updates.
- The company’s strategic direction was questioned, particularly the sale of most trading businesses, raising doubts about the viability of its remaining digital media operations to sustain adequate cash flow.
- A stock watcher indicated activities suggesting insider trading or manipulation, with a significant purchase failing to stimulate stock prices as intended.