Sticking to my 0.72/share Target – 2 Key October Updates...A lot of news in late October. Thought now was a good of time as any to go through the 2 big developments.
I wont rewrite my entire LONG thesis but I am definitely keeping my 0.72/share or 400% upside target even in spite of this management team and there lack of regard for share count, but I digress…
LINK TO MY FUNDAMENTAL BULL CASE
(
https://www.stockhouse.com/companies/bullboard/v.good/good-life-networks-inc?postid=28733859)
Lets dig in;
Integration Year-End Target Hit By October This was huge. I don’t think I can understate this. To consider the QoQ growth they are showing in integrations (Q4’17 - 17, Q1’18 – 24, Q2’18 - 35, Q3’18 – aprx. 35-40, Q4’18 – 47). Integration growth is a direct pull through to revenue growth.
Seeing that the client base is up 175% YoY bodes real well. Two ways I am looking at this both which are real BULLISH 1. Reaching their 2018 guided 30 integration additions guidance
even ahead of schedule validates management creditability, when you consider this when they have already guided to 20M in revenue and 3.5M in EBITDA which the market giving them absolutely zero credit for is real bullish.
2. This company is all about Q4 ad spend. With revenue heavily back weighted (up to 50% of annual revenue in Q4) bodes real well that they already have their 47 integrations up and running for their busiest time of the year.
Q4 is going to be massive.
Entering into Video Gaming Market w Programmatic Technology The addressable market here is huge. Just another driver that this company is not getting credit for. Interview with AMPd CEO was very well done, couple figures they mentioned and then looking back at the market cap of this stock I don’t know how its not higher. Couple key takeaways;
1. Video Gaming Market over 130B. I am a young guy (not a gamer) but I still didn’t have a clue that the overall market has gotten so huge.
2. Once again the concept of ‘walled gardens’ (See my prior post) was mentioned about how this embedded ad technology is built into the games/app creating a moat around the business.
3. Within Google Play 60% of games are derived with an ad based model and GOOD.V technology can help with targeting and relevancy in this space.
4. Pilots with first game providers are already being worked through.
You better be long GOOD.V when that press release comes out because it will fly on that news In Conclusion,
On October 1, 2018 the price was 0.16/share and currently trading at 0.14/share
you are getting a 15% discount and all the incremental positive news for free!!! In all the market chaos in October I was lucky enough to add a couple shares but my ACB is still higher at 0.15/share. You have a runway into the end of the year and a blowout Q4 report in the new year for an epic run.
Call me a speculator but I believe we can churn through the weak holders around 0.15/share and get back up around 0.20/share even before year end.
Fundamental news flow has been way way to strong. LONG