The games will be quality and they will bring revenue. ICI's strategic acquisitions for development and distribution have just about guaranteed this, in my humble opinion.
With the quarterly less than 48 hours away, I'm curious to see what commentary is included about the share buyback. In the last quarterly, management clearly stated that they are committed to the buyback scheme.
I'm also incredibly excited to know if WFH revenue has grown more aggressively than what we assume here - are we privy at all to the full suite of WFH projects and the respective rates being charged? - Particularly in inflationary conditions, ICI could be charging more for these in line with LSS's strong reputation to deliver money-making products.
Then there's the framing of the quarterly activity. Q3-22 was in my view a much stronger quarter than the previous Q2-22, but you wouldn't know that looking at the headlines. It's abundantly clear that in Q2, management in ICI wanted to lift some investor spirits and get the market excited. Whereas Q3 was very vanilla in the way it was written.
Why the big fuss about record quarterly revenue in Q2, but when the record is broken again in Q3, no mention of it? This is not a sign of mis-management or complacency as it shows to be a very intentional scaling-back of language. The type of language that so many on this forum are desperately wanting the company to use regularly. Was the dialling down in Q3 linked to the theories of institutional investors preferring to keep the price down for some period of time?
Q4 will be very telling, notwithstanding the revenue and expenses. Keen to see how they come to the market in their first communication in 2023.
Q2 Headlines:
Q3 Headlines:
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-301
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