Esports Mogul Asia Pacific Limited

Prioritizing the sports platform:Esports Mogul Asia Pacific Limited (ASX: ESH) continues to stand in front in esports industry along with its platform named Mogul Arena. In the three months ending June 2018, the company has worked towards the platform. The company has managed to attract A$4.41 million through oversubscribed share placement which was been handled by Razer Inc., Cloud Alliance Pte Ltd and other investors (international as well as domestic). The company has been planning to deploy the funds that have been raised towards the improvement of the platform. Mogul Arena would be configured for the mobile devices. Moreover, Razer Inc. would be strengthening the partnership with Esports Mogul so that new initiatives can be launched, and innovation can be brought to the esports.

The group has now completed the development of a tournament management system on Mogul Arena. This is part of their monetization strategy and adds to the sponsorship engagements.

Esports’ Financials for 1H 2018 (Source: Company Reports)

What Could help Esports Moving Forward: Esports managed to bring Axeso5 over the board which would be helping the company to launch the Mogul Arena in the Latin America region. The new partner has a strong presence in the Latin America which would aid esports’ online platform in expansion purposes. Apart from this, Axeso5 happens to have a strong user base and esports would be initiating the marketing of its events to these users.

Esports has also initiated the disinvestment recently in the ChallengeMe Esports GmbH. The company has given away its equitable interest. Thus, the company got cash payment amounting to around A$280,000 apart from the deferred payment amounting to around A$45,000. However, it also received 71,650 shares. These shares are of Unikrn Inc. The cash inflow would primarily be helping the company’s Mogul Arena platform in the feature releases.

Technical Overview: While applying the technical analysis on the daily chart of Esports Mogul Asia Pacific Limited, default values have been considered for the purposes. The moving average convergence divergence indicator has been applied and it has been observed that MACD line might cross the signal line moving forward. If this cross over happens, this would lead to a downward momentum in the stock. Thus, it is recommended to closely watch the stock price and wait for the crossover to happen. On October 10, 2018, the stock price per share was A$0.022.
 

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