Market's view on Trufin Plc
Published on April 2024
- Playstack Limited, associated with TruFin, launched its fastest selling game, boosting its market presence.
- TruFin decided to divest its augmented reality platform to concentrate on games publishing.
- TruFin’s subsidiary, Oxygen Finance, acquired bidstats.uk for £0.5 million, aiming to enhance its service offerings.
- James van den Bergh from TruFin mentioned that fundraising activities are expected to significantly unlock value in Playstack.
- Oxygen Finance is adding substantial new clients, indicating growth and expansion.
- There were discussions around an unsuccessful £26 million bid for Oxygen in December 2022, which if Oxygen continues to show double-digit growth, could potentially increase its future valuation.
- Speculations about an upcoming cash call were triggered by reports of unrestricted cash reserves.
- Concerns were raised about a recent £8 million loss, despite having £10 million in cash reserves.
- Observations made on unusual stock market activities, including minor share purchases and significant bid spreads, suggesting market reactions to internal developments.