Mogul’s Share Price Rebounds 7.69%, upon AFL Tournament Collaboration

By ,

After its tournament collaboration with AFL’s Adelaide Crows eSports team last week, Esports Mogul Asia Pacific Ltd [ASX:ESH] saw shares rise over 16% on Thursday, but this quickly dropped to 0.13 by Friday, losing 7.14% of its share price at its close.

At the time of writing, Mogul’s share price is trading at $0.014, a 7.69% increase .

In spite of last week’s spurt, shareholders have had to withstand a 74% decline in share price over the last five years.

Revealed: Three In-House Small-Cap Stocks the Experts are Watching in 2019. Download today.

Esports Mogul’s legacy tournament collaboration

The partnership with the Adelaide Crows is part of Mogul’s expansion strategy.

It’s the first partnership Mogul has entered into with Adelaide football’s club-owned eSport team, Legacy Esports.

Legacy is an already established team in the Oceania eSports field.  The partnership between the companies will bring added growth potential for Mogul.

The Mogul-hosted tournaments will bring new eSports interest from communities.

Together both Mogul and the Adelaide Crows will devise and foster ongoing community engagements and charitable events.

Mogul’s Chief Strategy and Commercial Officer, Jamie Skella, commented on the partnership:

Mogul couldn’t be prouder to work together with the iconic Legacy Esports as a landmark partnership for the region. One of many forthcoming partnerships of this kind, it represents our ability to support the industry with market-leading tournament technology, and have industry actors share in our success as we grow. This  partnership model is truly win-win in nature ­– I’m excited about the role it will play as an economic accelerator for everyone involved.’

Esports Mogul’s 2019 outlook

It seems Esports Mogul’s biggest concern is its revenue, having only raked in $14,194 last year.

Shareholders are still seeing its upside potential, with many shareholders believing they could see key advancements in Mogul’s business plan.

But for investors this lack of profit is weighing heavily, with its cash and debt levels looking quite volatile in the last few years of trading.

Despite this, Mogul’s shareholders are up around 67.7% for the year.

Investors may have to wait a little while to see further upside potential for Mogul’s share price.


Ryan Clarkson-Ledward,
Money Morning

PS: If such dramatic waves of volatility are making you weary of delving into any more ASX-listed stocks, then this free report is for you. Aussie stock picker Sam Volkering (who has snagged gains of over 1,400% in the last 18 months) shows you Four Must-Buy ASX Beauties for 2019 that you can add to your portfolio today. Download your free report now.

About Ryan Clarkson-Ledward

Ryan Clarkson-Ledward is an Editor at Money Morning.

Ryan holds degrees in both communication and international business. He helps bring Money Morning readers the latest market updates, both locally and abroad. Ryan tackles all the issues investors need to know about that the mainstream media neglects.

Ryan is also the Editor…

Esports Mogul Share Price Leaps 35% in 10 Minutes — Here’s Why

Esports media and software business Esports Mogul Ltd [ASX:ESH] has had a nice bump in share price today, upon partnering with a NASDAQ-listed streaming company. Although, shares in ESH only traded for 10 minutes…

Esports Mogul Brings Improvements to Gaming Experience (ASX:ESH)

The Melbourne-based esports company announced improvements to their Fortnite gaming experience by using custom matchmaking for players. At the time of writing, the ESH share price is holding, trading at 14 cents.

Esports Mogul Share Price Moving Up, Again (ASX:ESH)

Shares of esports media and software business Esports Mogul Ltd [ASX:ESH] are up 22%, trading at $0.0110 at the time of writing, on the back of announcing a new CEO. The company got themselves quite the catch in securing the services of Michael Rubinelli…

Esports Mogul Share Price Up on New Hire (ASX:ESH)

The esports company announced today that Kate Vale was joining as a non-executive director. The announcement wasn’t marked as price sensitive, but it just goes to show how much marquee board appointments can do for small-caps….