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.

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.
2517

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.
2517

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.
2517

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.
2517

Another 1.1m @ up to 6.15p bought by directors yesterday, taking the total to 4.75m over 3 days.
2517

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.
2517

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.
2517

George.. I was dreaming. I agree 9p is not unreasonable. There are still a lot of holders in from 11+ including the directors and institutions. This is a growth stock so only time will tell.

LOL
MS

Picked this up from the other place. It does make sence of the recent buying.

sabretooth - 1 Dec'06 - 10:58 - 526 of 531


Guys there are all sorts of rumours flying around the city this morning regarding the director buying. I have spoken to 3 different brokers. Word is a potential buyer of the gambling business also wants gambling.com as well. The Drummonds of course do not want to sell this cash cow. The buyer is apparently very determined to get gambling.com and is considering a takeover of the entire company. The Drummonds are now taking steps to block any potential takeover. This would explain the sudden rush in director buys. As I say, these are merely rumours. I for one hope they are feckn true. Good luck all and DYOR.

I think the point the analyst makes about their warrents is very valid. At 10p they will kick in.


the analyst - 1 Dec'06 - 13:24 - 538 of 539


One for the chartists, clearly showing the turnaround on high volume that was a strong 'buy' signal. I wonder if the Drummonds are still buying. At this rate, they will take out all the shorters like they did two years ago. It is a very interesting trading pattern.

If the Drummond are trying to increase their stakes to be able to fend off a takeover approach (although we have zero evidence for this) then they will want to keep buying until the share price reaches 10p. At that point they will be able to use their warrants to get hold of another 5% or so on the cheap.