Up nearlly 15% today and I beleive there could be more to come.

Evil Knievil has tipped it on EvilCast and has bought in 100,000 worth of stock a notifiable interest. He rates the management very highly and says they are attracting all the big bookmakers to the online casino site including punters the likes of William Hill, Chandler, and Ladbrokes. The company are now running at a profit every month and should break into a yearly profit from the years previous loss very soon. The company also ownes in partnership with a Swiss firm Boss another casino site and by all accounts that is doing well.

Im looking at this one as a momentum play pretty high risk as there are competitors out there but I feel the management will give it the edge.

Please DYOR, and remember you are responsible for your own buying and selling actions.

cheers GF.

Derwent... thanks for that... I need cheering up with this one after a grim week for the sp (and after mistakingly buying in at 7.35p a few months back!)
I'm hoping that in 12 months time things will be looking more healthy for this share .

i think the full year results due soon will give the shares a massive lift! 2.2 millions profits this year.

trading statement was released 26thOct with profits at 2.5m,,,so any results will already have been factored in the current woefull sp level !

The only thing that will give it a boost right now is 10m from the casino.co.uk sale, some good purchases by the Drummonds and then them stepping down to give control to someone who actually gives a damn about the company!

Are these companies correct to be selling everything when now the Democrats might change it all ?

http://www.nypost.com/seven/11172006/business/house_win_for_casinos_business_.htm

Media Corporation PLC
Notice of Results

Media Corporation Plc ('The Company')

Notification of Full Year Results

The Company will announce its results for the twelve months ended 30 September
2006 on 28 November 2006.

For further information, please contact:

Media Corporation Plc:

Trevor Phillips, Holborn PR, 020 7929 5599

Justin Drummond, Chief Executive, 020 7618 9000

decent results...still think its a shame that they are moving away from the gaming sector...especially mobile gaming

Yes they look decent enough, and on the face of it a PE of about 6, looks cheap imo.
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No wonder the share price has been dropping.
The directors wanted this down in order to obtain warrants at the lowest price.
Hence there has been no support to the share price fron Canaccord their broker over the last year.

As I recall the directors were buyers of the shares a couple of months ago @ around twice their current price.
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Your talking of 100 of thousands of shares a couple of months ago and not 21million shares now at 5p.

Directors bought another 1m @ up to 6p yesterday to add to the 2.65m bought the previous day.
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its going to take a lot more of that to get it back up to the 12p mark!

acarroll79 ------I agree but they are buying, it wouldn't surprise me if they bought more today, I have averaged down myself after initially paying <12p.
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Another 1.1m @ up to 6.15p bought by directors yesterday, taking the total to 4.75m over 3 days.
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Market seems to have caught on to it now!

The Drummond Bros now own nearly 30 mil shares between them which is about 10% of the company. Now that's what I call putting your money where your mouth is.

LOL
MS

mickeyskint-------yes they obviously feel MDC is undervalued and on a PE of just 7 now, I agree.
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George..even before the name change I felt it was undervalued and the directors buying only proves they agree. And if they sell the gambling side which I'm not totally convinced is a good thing, then we should see even more highs. 50p will do me!!!

LOL
MS

mickeyskint-----I think that may be too optimistic for the near future, but this could reach 9p or so in a short space of time. They are making a profit and have cash so a PE of 10-12 should be attainable, aimo of course.
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