The mistake your making: 1, The company doesnt have a big pipeline of new games and/or they have done awful job in developing game- their big hit was in game they licensed not developed-FIrefall was a 2 -3 year delay ect 2, They company has history of burning all their cash or not generating cash 3, They have partnerships or deals that dramatically limits their upside-funbox 30% -Qihu 50%-4, Because of this the market hates these companies because they are feast or famine based on Hit games and will trade at huge discounts. 5, NCTY a holding company that the only upside you will get is if or when he divest His assets either thru IPO or a sell.
I agree-its early. Are you surprised Firefall is such a dud in the USA-Europe-Any chance turning it around? My point is QIHU has stated they are looking to make some deals in the 200mill range which products that can leverage their platform. I think they would have Purchased firefall for 200mill instead of doing a joint venture.
If Firefall is a dud in China NCTY in my view is in bad position?
Hope your right but Funbox sales have stalled a bit since initial launch so myself and the market is not completely sold that this product will be blockbuster. 2, Firefall looks like a disaster in the USA at this point so hoping China is different. NCTY cheap for a reason.
Hopefully Mr Zhu realizes the same thing after his complete disaster running a soccer team that its time to preserve wealth and sell-He needs to sell to get any value. NCTY only owns 30% of funbox so it doesn't matter until you get an exit strategy.
100k block for sale in this range. I still think you will see him take it private hopefully around 4-5$ in the next 6 months based on: rumors -SA article that he tried to take it private 2 years ago but couldnt get the financing-Today the company is in lot better position with Firefall deal, He sold His Chinese soccer team and that raised money-Finally The stock is a pig and the USA market will not give a cyclical company a normal valuation and He wants out and complete control.
Yes-Sorry- NCTY should be selling the whole company to a bigger player. If you look at their newest deal with Firefall, Funbox, cash and real estate the company could be sold for around 200million in my view or almost 10$. However, we are trading at 2$ because nobody trust the CEO
Based on about 250mill in sales- NCTY-the potential is there
Last report was 300k- New report I guess 3mill
Hopefully after this disaster he retires back to wall mart where he deserves.
Nobody likes the CEO since he completely blew up the company from 25$ down to 3$. Their been talk that the CEO been looking to take this private. In addition, You already seen a ton of deals in this space as the market WILL NOT give this industry-boom-bust-with new games a high value. Hoping he takes it Private 4-6$ by first quarter,
or higher just based on the 160 million min payment, 30mill for the game, another probably 40mill real estate, Funbox, planetside, other games. CEO and the board not doing their job since the stock is only 3$.
CEO looks to me going for long term NTES shot.
CEO is a clown- Worst transparent company in the market.
1, whats the terms of the QIHU deal-? Is qihu putting money upfront in the joint venture? when will the game be released in China? When Firefall was released in USA the company didnt even had a press release
2, What happened to the 30mill deal to sell 2 games?
3, Qiji was suppose to be released 6 months ago- another delay-no news?
4, The ceo is trying to keep the stock down so he can take it private- Im hoping its at least 4$- NCTY needs to get OFF the market.
You just have to set up google translator which is easy. Their's like 2-3 new things every week.
This week their's an interview with Adam, plus efut been at a couple conferences plus looks like they will host one next week.