both very sensible balanced posts in contrast to a few posts from people with no understanding of the basics of the ASX or with their own agenda.
If an announcement is made and then we hear nothing, has the opportunity turned to dust, has been launched quietly or is it still being worked on ? The reality is all three scenarios could play out. We don't know until told by the company. Some will be less successful than hoped and some more so.
AB1 is a different beast today than 2 years ago. Whether it is potentially cheap or expensive here depends on the future, not the past. The simplest metric to assess (but not only) is revenue. The last strategy presentation suggested $30m revenue for CY19. That's a big and impressive uplift from 2018. Essentially from games $15m, iClick partnership $11m, $5m Pixowl . There seems to be more games coming through in CY19 than CY18 including CDH on Android, iClick announced its first deal at the same size as estimated for the whole of the year (!!) and Pixowl seemed to be mainly from Peanuts in Q4 (ie pre-Sandbox launch)
If $30m revenue is achieved or 2019 or evidence of it trending to that sort of level comes through, i think it more than justifies the current price. Unless you are following AB1 closely you won't be aware of the scale of the revenue jump but should be impressed if its achieved. Be good to understand how profitable iclick revenues can be.
The above excludes any revenue impact or value creation (which is possible without seeing it hit revenue), from Zeroth, OliveX, HTC, Formula 1 , other extensive list of brands they have licenced and the exciting Sandbox.
Just about every successful business is about the people. Yat Siu is the leader at AB1 (and he has put his money where his mouth is) and because of him we have Holly Liu (Kabam), Wilhelm Taht (Rovio), Ed Fries (Xbox), Mik Naayem (Cryptokitties) and Gen Kanai (Mozilla). Yat clearly has access to a pretty extraordinary global network.
The daily market swings can be annoying but there are always traders and that's healthy for the market, but I'm excited to see where we are by the end of CY19
AB1 Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
