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Schneemann99

549 Posts.

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11/10/18

08:17

Post #: 36077608
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Originally posted by HoganHound: ↑

https://unauthorised investment advice/experts/here-are-five-small-caps-that-have-gained-more-than-300pc-in-2018/

Animoca Brands Corp (ASX:AB1) — up 412 per cent
The mobile game developer went through some cost-cutting last year as revenue fell, staff were reduced from 110 to 70 and non-core assets were offloaded — including 318 games sold to fellow ASX-listed gamer iCandy.
But the stock has been a top performer this year — especially since June.
Investors were impressed by Animoca’s efforts to streamline its library and focus on a few key game franchises such as Crazy Kings and Crazy Defense Heroes.
And a string of blockchain and even Artificial Intelligence announcements have recently propelled the share price upwards.
Animoca just reported “the strongest result in the company’s history” with first-half revenue of $5.7m and a profit of $1.5m.

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almost 40% of the employees had to be dismissed? Games had to be sold to keep the company liquid?

AB1 Price at posting: 8.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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