Mogul Spotlight Could Not Impress Its Users- Share Price Tumbled By 5%

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Esports Mogul Asia Pacific

On December 4, 2018, Esports Mogul Asia Pacific Limited (ASX: ESH) announced its newest feature that is being introduced to Mogul Tournament Platform Technology. The company is working on the development of Mogul Spotlight which will reward the users who get registered at Mogul.gg as well as for viewership.

Those users who are interested in Esports and also who are the viewers of the Mogul Stream Viewer will now be able to navigate them as well. While streaming, the users will be prompted to enter raffles. With the increase in the viewership, there will also be an increase in the prize.  

Further, this new feature will also include “Refer-a-friend”. Under this feature, the existing user can share the URL with their friends. Once the friend gets registered to Mogul.gg, the user will receive an additional prize.

Another feature which is being introduced to Mogul is “Mogul Wallet” which is another monetization preparation of the company. This will act as a financial hub for the users of Mogul would be able to deposit and withdraw the fund for the tournament entry easily.

Since its inception, the performance of the company is -89.91%. Since the past five years, the performance of the company is -67.21%. The performance of the company was positive since last year and is 25%.

For the half year ended 30 June 2018, the company made a net loss of $1,715,976. The company holds a net asset of $6,825,239 which implies that the company is in a position to meet its long-term obligations. The total current asset of the company is $5,488,024 and the total current liabilities of the company is $76,123 which indicates that the company holds a strong position to meet its short-term obligations as well as working capitals. There is an increase in the accumulated loss of the company which indicates that the shareholder’s wealth got eroded during this period. The total shareholder’s equity is worth $6,825,239.

From the operating activities of the company, the net cash outflow was $1,099,235. Here, the major source of cash outflow was due to the payment made to the suppliers and employees.

From the investing activities of the company, the net cash inflow was $19,000. Here, the major source of cash inflow was through the proceeds from the sale of investment, proceeds from the sale of plant and equipment. Simultaneously, there was a cash outflow due to the payment of intangibles and payment for plant and equipment.

From the financing activities of the company, the net cash inflow was $4,392,154. There is also an increase in the cash and cash equivalent for the period as a result of which there was a net cash and cash equivalent worth $5,439,212.

The update from the company could not create a positive impact on the investors and the share price tumbled by 5%. It went as high as A$0.02. The lowest price recorded for the day was A$0.012. By the end of the trading on 04 December 2018, the market price of the share was A$0.019 where the stock reported a market capitalization of A$25.39 million.


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