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.

I've given up trying to understand the markets. They'll make a fool of you every time. On the way up now, Why? Not that I'm complaining.

MS

Mickey,

Maybe this bit has something to do with it -

"The Company is in advanced discussions with mobile network operators with a view
to reaching agreement on supplying mobile casino games to the mobile market on a
partnership and revenue share basis."

No position here, just been watching.

Monday, sp fell when it should have risen. Today it rose when it should have fallen. Justin Drummond now has "just" his 7M warrants. Announcemnet tied to a titbit re mobile trading. The other day their leadership market with the casino website rose. Cap. now up to 40M. I'm finding it difficult to read the next few days. On trading terms a cap. of some 20M is justified. The company could be worth 100M to one of the industry leaders (corresponding to EK's target figure of 60p before issue, now only 40p). Probably best thing from a trading standpoint is the new support level at 14p. So immediate negative reaction of some is overdone.

Eric

Eric ,can you see these going back in to the 20 s again,,and what about the bid speculation,,is there much in that..I find the ups and downs of this one very hard to read..thanks JB...

Jimmy - likewise - I am going on holiday tomorrow and I just cannot read this one. Too risky for me to leave my money in - I think I will take what profit I have and make an early exit tomorrow - otherwise I will only fret about it. Will put it somewhere safe like SEO or NLR!!

And when you come back youl say damn wish i had left it in now it could have payed for the holiday
ask yourself how many times have you said i wish i had ?

The questions still remain.
Will these rise again above 20p?
Will the MMs play their games again and how?
Will the sp be so volatile again and when?
What is this share worth medium / long term?

I believed the long term predictions a week ago. I haven't yet heard anything to convince me that this business will not grow and grow rapidly. If the sp reflects this it should be a good long term bet. Its difficult to see the wood for the trees when the sp is so volatile but the sooner the lemmings stop jumping the sooner this will arrive at some sensible price.....whatever that is.

Any comments would be most welcome

B2B

brain i hope your right,,cause i bought at a high price and im staying in and hoping,, maybe a bid from SBT ???

At some point the huge volume of late will force the normal market size (NMS) to increase, probably to around 100,000.

This will make the share price much less volatile becuase the MMs will no longer be able to move the price to rip-off investors that put in an 'at market price' order for just 50-100k shares.

Does anyone have a link to the formula used by the AIM market for setting the NMS?

How often does the NMs get updated for AIM companies?

In fact, NMS seem to have leapt up to 15,000. I think it was 5,000 yesterday.

Would still like to know how it is calculated

This share has had a rough ride over the last few days, but where is the company after the share issue.
We are not yet aware who has stumped up the 10m.
A view is that the share liquidity was very tight, thus the sale by Directors. Comments have been made "nice for them", but is the reason they were forced to sell to provide the liquidity by the providers of the new capital ?
Where are we now ?. The company has 10m cash, why do they need it?.
Developement or acquisition ? Would the existing shareholders have provide 10m from a rights issue?
Something is about to happen here - sit tight fellas, hang onto you hats and let's see, it could be exciting.
Very minority shareholder.
Predateur

Did anyone notice my post No 334 yesterday about ELA on this site. ELA now doing better than GMC, up 160% already this morning.
sd.

Sorry, misprint on Stockwatch following overnight trading in NY: now only 1.6% but perhaps still worht watching.

Got this from the other place. A must read if you hold, especially long term.

Hi,

The Stockmarket Reporter today wrote of Gaming Corporation (GMC)

Shares in Gaming Corporation added 0.88p to 15.75p after it announced that it had conditionally placed 71.5 million new ordinary shares at 14p pence a share to raise approximately 10 million pounds before expenses. It said that due to strong institutional demand and to further increase liquidity in the Company's shares just under 30.5 million ordinary shares are being placed on behalf of existing shareholders, which will reduce management shareholdings by approximately 50%., Jason Drummond and Justin Drummond have now signed lock-in undertakings restricting the
sale of further shares or warrants by themselves for a period of 12 months. UK-Analyst.com is a little confused, however, as many of the supporters of the share have used the fact that the company is so cash generative as one of their main tenet of their arguments. If the company is so cash generate why does it need to pass the hat around? And if the prospects are so bright why are the Drummond's lobbing out so many shares now?
--------------------------------------------------------------------------------------------------

In response to the confusion about Gaming Corporation from The Stockmarket Reporter I thought it worth proving some answers to the questions.

Firstly, Gaming Corporation is looking to strengthen its business through both organic and acquisitive growth. In order to acquire other online gaming operations having a war-chest of cash is a significant advantage. Last year it looked at several potential acquisitions but talks fell through. Now however the company has plenty of cash through which to acquire suitable targets. I think that it is better to raise equity at 14p/share ensuring the company has over 10 million through which to expand the business, than to issue paper for an acquisition.

As a shareholder I would prefer any company to acquire a company through cash, and not paper. Cash is king and will ensure that Gaming Corp is in a stronger position through which to negotiate acquisitions than before. In its announcement today the company iterates this point, saying the cash, amongst other areas, will be used for appropriate acquisitions in the poker and casino areas.

I think that raising 10 million is excellent! Prior to this placing cash, at todays closing price of 15.75p, represented c.4.8% of the companys market capitalisation, equivalent to 0.75p/share. Post placing cash will represent 27% of the market cap, equivalent to 4.28p/share. Therefore, what is better? For cash to represent under 5% of a market cap, or to represent c.27% of a market cap? Simple really. I have been informed that the company is throwing off cash, but even so, with a war-chest of cash it is now in a far better position to be a predator rather than the prey.

Why are the Drummonds lobbing out so many shares now? It is not just the Drummonds who are lobbing shares out now, but all the directors. It is common practice for directors to place their shares with institutions to satisfy demand. In addition it enables an exit point for the Drummonds who have worked exceptionally hard in building this business over the past four years. Furthermore the agreement does not prohibit the Drummonds purchasing shares in the market over the ensuing twelve months, only from selling.

Although UK-Analyst might be a little confused about the decision to strengthen the balance sheet, clearly the institutions are not. They see the vast potential for online gaming, and their commitment to hand over 10 million is a further endorsement of this belief.

So, to conclude, what looks the more attractive investment? Gaming Corporation at 15.75p with cash backing of 0.75p/share, equivalent to c.4.8% of the market cap or Gaming Corporation at 15.75p with cash backing of 4.28p/share equivalent to c.27% of the market cap at todays closing price? Im not in the slightest bit confused as to what is the more attractive investment; in fact, I think its crystal clear!

Best Wishes,

Mr K

LOL

MS

Announcement today:

Gaming Corporation PLC

The Company announces that 1,000,000 new ordinary shares have
been issued and allotted to Lance Leman on 28 February 2005
following the exercise of 1,000,000 warrants on 17 February
2005 at the exercise price of 2p per share.

Contact:
Charles Black
020 7618 9000

Postive write up in IC this week with Results summary - rates the company as a good bet in this sector and a BUY

1 by Christmas!!

MS

1 by Christmas 2024 probably!

Yea, know what you mean.

MS

I wonder if internet sites ever suffer from high roller successes or bad debt,as did Stanley Leisure and London Clubs,last year.Are they protected from bad debts by their membership rules and membership fees?How can they estimate future profits if the calculations are based on gambler's luck?
Not trying to put this down,am seriously interested in buying some of these if I feel sure of certain facts.
I agree with you,Mickeyskint.
Ethel