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ICI - iCandy Interactive

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iCandy Interactive is an investment holding company principally involved in investing in prospective mobile interactive entertainment studios in the Asian region to produce quality and fun mobile interactive entertainment for the global mobile games market.

iCandy Interactive's vision is to become a world-class interactive entertainment studio for the mobile gaming industry. iCandy Interactive’s mission is to continuously develop quality and fun mobile games that offer unique gaming experiences to drive player engagement through multi-challenges and achievements.

It is anticipated that ICI will list on the ASX during September 2015.

http://www.icandy.io
 
iCandy Interactive up from 4c to 9.7c over the last month. I'm not too familiar with ICI but couldn't ignore the recent share price increase once I noticed it. Today's move up was particularly interesting given that it was a fairly average volume day. Lack of supply must be the reason for today's 24.36% share price gain.

Watching with interest.

big.chart-ICI.gif
 
OT
FFG is the other side of this............and has some "arbitrage" catching up to do....for want of a better term.
 
Didn't do any due diligence on this last week when the 1st BB appeared in the daily scan results. Missed a good short term trade.

icl2810.PNG
 
iCandy still looking bullish and holding up well. Volume has dropped off a little, but it looks like a lack of supply is supporting the share price.

ICI booked an operating loss of $161,000 in the last quarter but also raised $1.25 million through the issue of 62,500,000 shares at 2c a share. Those who managed to get their hands on those shares must be laughing all the way to the bank right now with the share price currently at 16c.

In the short term, all eyes will be on the revenues generated by the new mobile games they have recently released, Masketeers and Kingdomtopia.
 
Just posting here to say that the upcoming Quarterly Cash Flow Report is likely to very good. Chart looking great too.
  • Solid revenue from games like Masketeers, Crab Wars, Hellopet House and more
    • Masketeers made $1 million in 63 days (and still appears to be going strong)
  • Will soon be launching a localised version of Masketeers in China, published and localised by Ohayoo
    • Ohayoo is owned by ByteDance, the parent company of TikTok
    • They have a strong track record of producing localised versions of games, with 9 of their games independently bringing $20+ million AUD revenue each: read article here
  • iCandy Interactive are also in a joint venture with Lemon Sky Studios
  • Have an upcoming game Claw Stars which has just started Early Access testing
  • iCandy own many subsidiary game studios which gives them a large portfolio of games and many revenue streams
    • Appxplore and Joyseed Gametribe are two of their studios that are doing particularly well
  • Rocky Rampage won Google Play's Casual Game Of The Year 2020 for the Southeast Asia region (link here)
 
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Apologies for posting, but a weird password corruption keeps sending me to a charting account which is not mine.
Nevertheless, my thoughts:
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iCandy to sell iCandy Digital for A$4.8 million to RightBridge Ventures AB that is seeking an IPO

(SP hasn't moved)


Highlights:
  • iCandy to dispose of iCandy Digital Pte Ltd, which holds 26 mobile game titles and 23% stake in iCandy's esports venture ESPL, for A$4.8 million to Sweden-based RightBridge Ventures AB
  • RightBridge focuses on investing in esports and gaming companies, and is planning for an IPO in 2021
  • iCandy will receive 17,296,000 shares in RightBridge worth A$4.8 million , and an option to purchase 2,178,682 additional Rightbridge shares at nominal value, bringing iCandy's shareholding to approximately 25% in RightBridge upon IPO
  • iCandy will gain strategic access to the Nordic gaming and esports market via RightBridge
 
Have decided to go with this tech stock for the March 2023 comp. Makes small moves in the slow downtrend and is capable of decent moves. Hoping for a pop in price this month...20% in a month is well within the history of this stock.
 
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