UK 06:00 Monday, 5 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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?…
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
