Fireone a "mini NLR" floated today on AIM looks interesting with plenty of growth possibility..



Embargoed until 0800 2 June 2005

FireOne Group plc
('FireOne' or the 'Company')

First day of dealings on the AIM Market

FireOne, the provider of payment processing services for the online gaming
industry, announces that its entire issued ordinary share capital has today been
admitted to trading on the AIM market of London Stock Exchange plc
('Admission'), under the ticker symbol 'FPA'.

As part of the flotation, Numis Securities Limited placed 10,000,000 ordinary
shares at 241 pence per share (the 'Placing'), raising 24.1 million (before
expenses) in cash for Optimal Group Inc., the parent company, as a selling
shareholder. As at Admission, there are a total of 50,000,000 ordinary shares in
issue with a market capitalisation (at the 241 pence per ordinary share placing
price) of 120.5 million.

Mitch Garber, Executive Chairman of FireOne commented:
'We are very positive about the continued opportunities available to FireOne
within the growing online gaming industry and our admission to AIM, amongst
other respected leisure and gaming companies, is the next logical step in
FireOne's development.'

- Ends -

Enquiries:

FireOne +44 (0) 78 7023 4746
Ben Dalfen, Chief Operating Officer
David Schwartz, Chief Financial Officer

Numis Securities Ltd +44 (0) 20 7776 1500
Jag Mundi / Amer Khan / Andrew Burnett

Weber Shandwick Square Mile +44 (0) 20 7067 0700
Kirsty Raper / Nick Oborne / Susanne Walker

Notes to editors:

FireOne is a provider of payment processing services for the online
gaming industry, providing the operators of online casinos, poker rooms and
sports books (including Sportingbet/Paradise Poker, Casino on Net (
www.888.com
)
and PartyPoker.com) and their customers with a secure, convenient and
cost-effective system to collect, deposit and withdraw funds.

As at 31 March 2005, the business was providing its services to over 300
online gaming operators, representing approximately 1,500 websites.

For the 12 months ended 31 December 2004, the business delivered profit
before tax of US$14.8 million on turnover of US$43.0 million. Unaudited results
for the three months ended 31 March 2005, show profit before tax of US$6.0
million and turnover of US$14.9 million.

Since the mid-1990s, revenues in the online gaming industry have grown
at approximately 35 per cent. per year to exceed US $7 billion in 2004. This
figure represents only 3 per cent. of the total worldwide land-based and
internet gaming market and these revenues are expected to show significant
growth in the next few years.

The Placing shares represent 20 per cent. of the issued share capital of
the Company, with the balance being retained by Optimal Group Inc. ('OGI') and
one of its subsidiaries. OGI is a leading payments and services company, based
in Montreal, Canada; its shares are quoted on NASDAQ (OPMR:NAS). Prior to the
Placing, FireOne was a wholly owned subsidiary of OGI. The Company has not
raised any new funds as the Directors believe that the FireOne is able to
finance its operations from its existing cashflow.

The Directors believe that the Placing and Admission will give FireOne
focus and increased autonomy from OGI; greater profile and status; and greater
prominence in Europe for future growth.

Extraordinary Friday afternoon leaving FireOne at 433p !!!
Roll on next week.
Mono

SD
thanks for the tip on this one. I feel I may have missed the boat with today's vertical take off into highly overbought territory.

Although there is no saying it won't go a lot higher before a substantial retracement (a la NML). Do you reckon it's still worth a punt on Monday?

Good luck to you and Driver (still got PCM in my sights!), MP and Jimmy (hey! gimme a little more notice next time, guys!)

sd

stockdog,,i put this up on the 2nd of june, the day they floated , when i bought in ,i was on my own for a while , no one visited here . Glad i held on to a few..

stockdog,
From what I can see from my charts everything is in place for the run to continue, but with such a rise there are bound to be profit takers appearing on Monday morning it depends on the volume of the profit takers, just after open yesterday there were quite a few sells all bunched together but it only knocked a few pence(6-8p) from the price when it was up 12p so it remained in positive territory. The RSI is well overbought but the 5:35:5 MACD is well above the signal line as is the stoch and the MA's are right but I wish I had a crystal ball !!!! I'm afraid its up to you .. SD

Stockdog,

I agree, I don't like buying a share that's just shop up a cliff either, sometimes the descent is just as rapid!

This does look like a decent stock, and for those that already hold it must be a hold, or even a buy if you have a substantial profit already as you can average up.

Thanks Jimmy, SD. Let's see what happens Monday.

if you check the NLR chart it has performed in the same way--I took NLR profits and missed the last steep climb so now I'm back in this one I'm holding tight!!

anyone interested-should buy next week IMO the figures are Aug 9th.

Price seems to be acting similar to last Friday, only today just in negative territory.

I have bowed to the weight of opinion and dipped my paw in this morning.

sd

I've topped up some more this morning at 434.5p
FPA now constitutes 35% of my portfolio (with NLR weighing in at 15% too).

I think I need to lie down for a bit !!!

;o)

stockdog,
hope you got in at a good price and subsequently held your nerve and were not stopped out ??? SD

Held my nerve and ducked the opening hike, but equally missed the midday low since the beach in Cornwall is not yet fitted with Wireless! Got in at just under 434 - not too bad, although not in such large volume as supermono (good luck to him).

Thanks for the paw-holding during this delicate operation. I'm always a bit nervous trying to catch a share in such upwardly mobile mode.

sd

stockdog

thanks for the good wishes.
I'm still in there (it's 465-470 as I write).
Certainly plan to hold all of this week (barring and general stock market shake up).
Will reassess the situation on Monday as I suspect it may get a mention in the Sunday papers (whether it be positive or negative) and I don't think I'll have the nerve to hold onto all the shares so may just get rid of a tranche.

Supermono

I have been in there since last week bought @3.87 sold @4.40 back in again @ 4.25 same day.Bought some more again this morning AND SOLD @4.75.
Have I done the right thing?

doitalldoc,
looks like you should have stayed i'm still in from 390 SD

This share has only risen about 70% since it first traded, even at today's 500p+. Compared to NLR it has a long way to go, even though shares priced in whole pounds always look like they are never going to double (cf PCM at 0.17p! especially).

I will hold whilst the SP remains above the 25dma.

sd

SEADOG,
You are probably right. But I guess I have made enough so no hard feelings! good luck to you guys.
Let me know if you think I should get back again. How far do you think its going to go up?

doitalldoc,
How long is a piece of string?? Anyones guess, but I think the price will be tempered by the results due on the 9th. I think an exit plan should be in place for this date if not before, but stockdogs 25 dma exit depends on which ma he is using, I prefer to use 10 and 20 day exma because ma's are lagging. Sorry stockdog !!......... SD

Apparently mentioned in today's Daily Express - cannot access it on the Express website so may have to venture outside to buy a copy !!!!!