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Another new Jagex owner
Quick find code: 317-318-4-66286669
Big changes are poised to come regardless Jagex is sold anyway.
While most players know Carlyle Group own Jagex, few are aware they aren't directly controlling the operation of Jagex. Jagex is actually under the control of
While Jagex has recorded a profit in their last 2021 financial report, it wasn't the same situation with June UK BIDCO Limited. On page 3 of their 16 Jan 2023 Company House filing, they reported a net operating loss of 208 million british pounds:
https://find-and-update.company-information.service.gov.uk/company/03982706/filing-history
Subsequently, JUNE UK BIDCO has filings of Solvency Statements and Resolutions with Companies House on the 5th and 6th of July this year. The reports are also shown on the above link.
So, assuming Jagex is not sold by the 2nd quarter of next year, how will the actual entity controlling the operation of Jagex, JUNE UK BIDCO Limited able to stay afloat and recoup their losses? What do you think?
While most players know Carlyle Group own Jagex, few are aware they aren't directly controlling the operation of Jagex. Jagex is actually under the control of
JUNE UK BIDCO LIMITED
.
While Jagex has recorded a profit in their last 2021 financial report, it wasn't the same situation with June UK BIDCO Limited. On page 3 of their 16 Jan 2023 Company House filing, they reported a net operating loss of 208 million british pounds:
"Since the acquisition of Jagex has had revenue of £120m, which is the revenue for the group. The group has net operating losses of £208m as a result of significant expenses associated with the purchase of Jagex as well as a subsequent impairment"
https://find-and-update.company-information.service.gov.uk/company/03982706/filing-history
Subsequently, JUNE UK BIDCO has filings of Solvency Statements and Resolutions with Companies House on the 5th and 6th of July this year. The reports are also shown on the above link.
So, assuming Jagex is not sold by the 2nd quarter of next year, how will the actual entity controlling the operation of Jagex, JUNE UK BIDCO Limited able to stay afloat and recoup their losses? What do you think?
17-Sep-2023 17:14:58
Now, let's imagine you were JUNE UK BIDCO, with a net operating loss of £208m as a result of significant expenses associated with the purchase of Jagex as well as a subsequent impairment, how do you make yourself solvent with an after tax profits from Jagex in the range of £40 mil?
The best case scenario is to sell Jagex. If they can get £1 billion, of course they will jump for joy, but even if Jagex is sold for only $800 million, they will still cover on the $530m price from Jagex plus £208 million net operating loss.
What if they can't sell Jagex for even $800 million... well, then I think they will have to realize on a lot more sales from Jagex. Here is what the tea leaves tell us... Marketing is going to take over everything OSRS, regardless it is sales, CMs, anti-cheating and whatever you can think of.
The best case scenario is to sell Jagex. If they can get £1 billion, of course they will jump for joy, but even if Jagex is sold for only $800 million, they will still cover on the $530m price from Jagex plus £208 million net operating loss.
What if they can't sell Jagex for even $800 million... well, then I think they will have to realize on a lot more sales from Jagex. Here is what the tea leaves tell us... Marketing is going to take over everything OSRS, regardless it is sales, CMs, anti-cheating and whatever you can think of.
19-Sep-2023 22:28:04
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