Small cap video games developer....swinging into profit....outlook good...cash in bank....starting to move....welcome anyone's comments and thoughts on this..

Highlights from Interims RNS
"Turnover for the six months ended 30 September 2003 was 1,062,000 compared with 633,000 in the same period last year. The profit (both before and after tax) for the half year was 23,000 compared with a loss of 556,000 in the same period last year

Visit Bits corporation website:
http://www.bitsstudios.com/default.asp

Conclusion
The games development business model is one that is made appealing not by the publisher advances that comprise most developers' turnover nor the modest margin that some developers make on them but by the upside potential that comes from best-selling releases. Argonaut, who received a 5.3m net royalty cheque from a single SKU in February 2002, is evidence of this potential. The quality of product and the volume of this product flow will determine the extent to which this potential can be realised. Bits, which has been around for nearly as long as Argonaut, has proven itself a capable handheld games developer but has yet to establish itself as a premium quality console games developer. With even the larger and more commercially successful developers finding publishing deals increasingly difficult to conclude expeditiously, smaller developers are finding life particularly tough as evidenced by the cancellation of a key Bits product and the resultant profits warning. The European games development market has moved from a period of considerable proliferation during the late 90s to one of rapid consolidation with developers going under or being bought at an unprecedented rate. Bits has won a reprieve with the signing of its Constantine game to SCi but will still need to secure more publishing contracts with greater regularity if it is to survive let alone prosper.

Could be a big UP week for BIT next week.

could some one explaine to me what " holding in company " means I always see this as news associated with shares

nice bit of news!! lol,
10p?

another about to explode

Issue of New Shares

RNS Number:5864U
Bits Corp PLC
23 November 2005

Bits Corp plc (the "Company")



Issue of New Shares



24 November 2005



Pursuant to the facility agreement referred to in our announcement dated 22
November 2005, the company has issued 200,000 ordinary shares of 1p each in the
Company, application has been made for these new ordinary shares ("New Shares")
to be admitted to the Alternative Investment market ("AIM").



Admission of the New Shares to AIM is expected to become effective at 8.00 am on
Thursday 24 November 2005.

Bits Corp PLC
08 December 2005

Bits Corp plc (the 'Company')



The Directors note today's press speculation and the rise in the Company's share
price.



As stated in the Annual Report, other ventures are being actively pursued
including the field of online gambling. In this regard the Company is in
discussions with a number of parties with a view to establishing an online
gambling presence. These discussions are ongoing and any announcement will only
be made when appropriate.


This information is provided by RNS
The company news service from the London Stock Exchange

http://business.guardian.co.uk/story/0,16781,1663201,00.html

Computer games developer Bits Corp gained 3p, or 20%, to 17.62p on confirmation of contract talks with several on-line gaming companies. Traders believe there are six companies bidding for the right to use Bits technology and a revenue sharing deal with one of them could justify a share price nearer 30p.

There could be announcements this week/next which will surpass the Guardians expectations ;)

If they get the online gaming, will this share shoot like PARTYGAMING ?

Ok So now we know they have 2 deals. One is with microgaming who are a massive outfit responsible for William Hill, Labbrokes etc I believe. Other deals are possible and we have a Jan placing which will most likely see funds come on board. I see this as a potential very big gainer in 2006.

FUN mkt cap is 140 million
BIT mkt cap is 8 million

I know which one I am in and which one I think will make most money as a company and it ain't FUN.

Bouncing nicely now

And someone has just exercised some of their options

I guess you lot aren't interested in these then?

Up again today with a couple of mm buys in there.

I think this has a lot further to go.

ANother 90k of options has just been taken up :)

and up it goes again. Compare these to FUN and see why it is going up. YOu guys are missing out on big money here :)

And again.

From todays mail

Daily Mail p 66 Market Report

"Computer Games software group Bit Corporation edged up 1p to 25p amid talk of an imminent placing above the current market price."

Still only me then I guess. Been in since about 4p :)

WOuld you believe it. It is up again.

Only a 200% gain so far!!!!!!

Keep the news coming max , i am watching.

Wow. Thanks for posting. Was ready to start going insane talking to myself. Haveing a good week so far with these, Vislink, and Lloyds :)