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.

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 !!!!!

supermono13,

HEY BIG SPENDER !!!!

I normally have staff to buy papers for me but they are on holiday !!!!

;o)

I am back in again this morning guys! could not resist to look at my portfolio without fpa. I think I am in for the long ride this time.

Bit of a pullback today, had to be expected i suppose after the huge rise, also the gaming sector as a whole a bit down .

I have been without a comp. all week and missed all the fun! might have been tempted to take profits yesterday but will hold on for results now I think--could follow the NLR chart if we're lucky.

I know I should'nt have bought the grandchildren some today But I did............Early.

same hear I went in too early.I hope the result do us all proud I have 25k on it. I am going to have sleepless night untill next Tuesday.Fingers x...

Friday morning and FPA holding firm whilst NLR is experiencing a bit of turbulence. A lot will, of course, depend on the results on Tuesday but gut feeling is that FPA offers the better value at the moment.
Whilst NLR is followed by several brokers and this helps when making a judgement on whether to invest or not, there are only the company announcements to go on in the case of FPA. The figures for the first quarter this year were spectacular and Tuesday will provide a much better idea as to how the company is doing.
If the second quarter is anything like the first quarter then we ought to have take off.

Have a good weekend everyone.

Have a good weekend !!, it's only 9am , get back to the computer..
Ps looking forward to tuesday myself..

FPA result is going to be more than the market expection .......so fear not FireOne will FIRE UP ....after the result.

Thread created for The more intelligent

https://www.moneyam.com/InvestorsRoom/posts.php?tid=8461#lastread

MONTREAL--(BUSINESS WIRE)--July 25,2005-- Optimal group Inc. (NASDAQ:OPMR), a leading payments andservices company with operations throughout North America and the United Kingdom, will report second quarter 2005 results on Monday, August 8,2005, after market close.

Optimals conference call will be held on tuesday, August 9,2005 at 10:00 am (EDT). It is the intent of Optimal's conference call to have the question andanswer session limited to institutional analysts and investors. The call can be heard beginning at 10:00am (EDT) as an audio webcast via Opmimal's website at www.optimalgrp.com. As well, optimal invites retail brokers and individual investors to hear the conference call replay by dialing 514-861-2272/1-800-408-3053 access code3158706#. The replay may be heard beginning at 2:00pm(EDT) on August 9,2005 and will be available for five business days thereafter. ENDS.

A chart of OPMR can be had at www.bigcharts.com or www.smithbarney.com......SD