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.

Found this as well. Seems there is a shortage of free stock. Only about 40 mil in play.

Not updated.

Major shareholders/directors now hold 78.4% of the company (145 million shares)
That leaves 40 million in free float between smaller investors

Shares in issue: 184.8m 1p Ords
Major Shareholders
Amount
% Holding

Raven Noms Ltd
45,033,916
24.37

Jason Kingsley Drummond
28,059,236
15.18

Marlborough Fund Managers Limited
10,000,000
5.41

Paul M Hill
9,200,000
4.98

HSBC Global Custody Nominees Ltd (A/C 346700)
8,315,000
4.50

City Equities Nominees Ltd
6,950,000
3.76

LR Noms Ltd
6,870,243
3.72

Cantor Fitzgerald Europe
6,600,000
3.57

Justin Drummond
6,105,487
3.30

Hanover Nominees Ltd
5,600,000
3.03


Other Directors
Amount
% Holding

Charles Black
5,381,104
2.912

Damion Paul Greef
3,361,111
1.819

Peter Williams
3,293,895
1.782

David Samuel Rogers
100,000
0.054

MS

And agin from the other place. Next week will be very interesting, exciting and nail biting. Can't wait.

Since most of the shares were snapped up at around 2p, but the company's prospects have since increased, there is clearly a shortage of stocks. Not including Cantor's, Evil's and other recent buys, last count was 40 million in free float. Not a lot at all considering how much was traded today. Easy to see why the price is rising on big buy volumes. Basic supply/demand. Profit takers aside, I have not seen a significant dump in the last 2 weeks.

LOL

MS

mickeyskint: you are a mega-hero. Your research is fantastic and, even better, you have posted it here. There will be demand for 40M shares on Monday! There are 40M shares in free circulation - and mine aren't available! So what on earth do the MMs do? What would I do? Mark the prioce up so much that it slows down the demand? Problem is, and I suspect there is a name for this theory (if not, I will patent it!) the more you put the price up, the more people will want to be in. Why should it stop when you see the mega-values on poker stocks? And GMC have the leading internet casino site plus a new poker site plus poker games. The world of investing has to be on board! Why are you so cautious bigbobjoylove? lol! Hope holders read this thread and DO NOT SELL!
ROFL! All the way to the bank!

Eric

Eric , have a read of "the online gamble" Shares rag.

im in for the long , still plenty more to come , a big demand again on monday, should see the other side of 20p.

Maddoctor: "TA says short, soon" - don't get the reference. Brave to go against the trend on SBT (Sporting bet). So on-line gambling marhet will only increase from $8bill. to $10b out of market of $200b. Talking about an increasing share of an increasing market. SBT may, as they suggest, be having back-office problems in the US. Nothing to trouble GMC there: still a minnow but going places if the Directors can have the courage to see off any bid from SBT. Suggest we all stay on board and don't let go until 60p is reached.

Eric

I think i will dive in on this on monday,,i thought i had left it too late ,,but maybe not..JB

http://www.timesonline.co.uk/article/0,,2095-1502214,00.html

http://www.businessweek.com/bwdaily/dnflash/feb2005/nf20050225_9794_db039.htm

http://www.gamblinggates.com/News/24022005/Onlinepoker_boom64071.html

Some excellent posts on this thread, keep em coming, its much appreciated, good luck to all holders this is some ride were having... Special thanks to goldfinger for the original post and without which I would not have seen this little beautie... Thanks Goldfinger (very appropriate name). Will you be going to the Bowling night in Guildford?

http://www.belfasttelegraph.co.uk/news/features/story.jsp?story=613850

THIS WILL BE ROCKETING COME THE MORN,I've an order for 50000 @ 19.5 for the shareclub.
Question : can i trade with comdirect pre 8 am ?? Keep seeing these trades at pre market yet comdirect won't deal online before 8.Where or who deals pre 8???

Do you really believe this will op[en up flat Bob? You are suggesting you will get in at Fridays close?

no way!! Its a cheeky order and the only order i can do online over the weekend.Our club meets this afto,i'm printing off all the media stuff and am going to suggest we put an order up to 22.Without wanting to be stupid this could be 40p the next few days but i have to argue with the fuddy duddys who won't want an order in at well above offer even.
Personally i think they'll open up about 4 but too many mavis and ritas in the club who won't see the light of the small caps.

From the other place. Also interims are being reported on the 14th April.

worth reading the final results to end sept, in tandem with latest trade update.

for the year to sept...turnover was 7.5M in the 2nd half...5.5m in the 1st half (NB: since the 2nd half customer base has doubled - thus i think turnover is now running at c15M for the half).

Gross profit for the year to end sept was 868,000 - with most of this coming in the 2nd half.....NB: again with customer numbers having since doubled, i think gross profit for the current year could be in the region of 1.5M - 2M....thus delivering a small net profit.

if growth can be sustained, GMC has futher to go & Simon C's 50p target is not beyond the realms

LOL for Monday

MS

This guy seems to command a lot of respect from the other place. Don't know him so can't say if his views are good or not.

Simon Cawkwell - 27 Feb'05 - 07:05 - 3041 of 3069


JONNO1,

I was a little surprised at your assertion that casino.co.uk does not attract substantial punters. So I asked. And you are wrong.

Casino.co.uk has lots of players holding sums of the order of 500 on Blackjack hands and many who have had big five figure swings in fortune on the site. Indeed, I understand that GMC has better than industry average returns from visitors to its sites.

Of course, the significance of all this is identifying the gathering of momentum. I do not think GMC has anything to worry about.

Simon Cawkwell

LOL

MS

Full page article in the Sunday times on the phenominal rise of Internet Gambling. GMC gets a mention as one of those compan

Bazaies that have benefited massively over last couple of weeks with more to come.

Who thinks these are heading north again tomorrow,,can they climb to 25p ??

Yes, Jimmy, into the blue yonder! Eric