I thought H&C would update their June monthly report on GON,must have been on the 19th June.Will be interesting to read their thoughts on the EGM announcement which could be out this week (July edition)!
GALLEON
Interim results just announced show Galleon is making good progress.Turnover has increased from just 743k to 2.4m, and operating losses have been nearly halved.
It's not the numbers that are important though, but the progress the company has made with its business.Croco, the in-pack premiums business, has gone from
strength to strength,contributing the majority ofMeanwhileGalleon Entertainment has made progress in developing its IP portfolio; animation
Skunk Fu! is now being aired in Australia, and the second half of the year will see music and animation product Apollo's Pad go live, and
Sokator-442 going intoproduction.
We have also seen today the announcement of a major new contract from PepsiCo
for a new in-pack premium product from Croco. This gives Croco a third product
next to the highly successful Blasterz (which has generated over 3m sales)
and recently launched EPIX.
We maintain our estimates for this year and next. The market seemed to like the
results, with the shares rising 11% in early trading.
http://www.hardmanandco.com/Research/monthly/June07_monthly.pdf