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.

From elsewhere.

Hi Rich,

No, EK is and always has been bullish about Gaming Corporation. Furthermore he is good friends with Justin Drummond, the CEO, and his brother Jason Drummond, the Chairman.

In light of the announcements over the past week it is frustrating that the shares have not made any progress, but in fact slipped somewhat. The contract with Orange to provide mobile casino games could be absolutely huge. Datamonitor has forecast the mobile gaming market to be worth $8.6 billion in 2006. If you assume that margins will remain similar to the online gaming market of 2.5% then this would imply $215 million (114 million) will fall through as profit. Given that the UK is one of the largest gambling nations in the world, behind the USA and Japan, and Orange is the second largest mobile operator in the UK, it is clear that this is a major deal for Gaming Corporation.

This deal should be worth in the region of 6.2 million profit in its first year, which on a 50:50 revenue share would be worth 3.15 million to Gaming Corporation. A 6.2 million profit would assume that 248 million is played on the mobile games, and 2.5% of 248 million is 6.2 million. 3.15 million of net-profit would be worth 1.21p/share in earnings.

A 6.2 million profit for Orange/Gaming Corporation in the first year of this project would still be only 5.43% of a 2.5% margin on Datamonitors forecast.

Everyone, including EK, seems to be assuming that Gaming Corps java games work on 3G but in fact they work on a lower specification of 2.5G. Orange has over 13.5 million customers in the UK, which is about 21.7% of the total UK population. I do not have the figures to hand, but if you assume that 6 million Orange customers have Java enabled handsets to play the casino games then my forecast assumes that every customer will spend 41.33 on the mobile games. 41.33 * 6 million = 247.98 (near enough 248 million). There will clearly be those with Java enabled handsets who will want to play the games and spend 100s on the games and those who will not play at all, therefore 41.33 per java user seems a fair stab.

Additionally the recent acquisition of got2bet.com should make a net profit of $250,000 in its first year (132,559), which is 0.051p/share in earnings.

Then there is findpoker.com, onthebox.com, Eyeconomy, skillgaming.co.uk, 10 million cash and the flagship casino.co.uk to remember. If you assume a net profit of just 1 million from this collection of sites then that is worth 0.38p/share in earnings. Add the got2bet.com acquisition, and the mobile casino gaming, then you achieve earnings of 1.551p/share. With the shares trading at 14p this is a PE ratio of 9. Is this a fair earnings multiple, given that this is one of the fastest growing industries in the world, and Gaming Corporation is proving itself as a hunter and not the hunted? You should be looking at a PE ratio of nearer 30, which is 46.5p.

The upside is clear to me.

Best Wishes,

Mr K

MS

I have 14th April written in my diary from somewhere - and its been ther a long time

B

Hi mickeyskint,

Please can you credit me, the author, if you are going to copy my work from elsewhere. Thanks.

Mr K

Post 591 was from MrKournikova from the other place.

MS

I have just checked the company research tab under moneyam and it states that the interims are due on 5th May 2005 - so am no longer sure where I got the 14th April date from - unless that was an old date.

Can we trust the info on company research ????

Baza

See that 4 mil T Trade go through. Whats that about?

MS

Could have been a sell earlier that worked its way through the system that caused the drop this morning!

Mr K

I am interested in your 'analyst reports' on other companies - I've seen what you have written about GMC, but not for any other companies. I find it hard at this stage to put any credibility to your forecasts as I have seen no other examples of you work and so can't judge you on your past performance.

If I may say so, it seems strange for 'an analyst' to be on all the bulletin boards and seeking recognition.

After the news flow on this share, Shares are bound to run a positive article on GMC maybe even in the Plays section.........this is bound to spark interest before the results

I think the price is being held down deliberately untill the results, then off we go.

MS

This BB has been very quiet, whats the opinion on the drop today?

I've bailed today, I cut my holding a week or so ago and the price has continued slipping. Afraid I got shot of the rest for a small loss. Maybe return later.

Waited as long as I dared. With so many other buying opportunities on a red day like today I have decided to call it a day here and try to recoup my losses with seo.

Cheers

B2B

The price going down reminds me of NML a couple of weeks ago. The price went down suddenly for no reason for a couple of days then wham good news NML was the top riser of the day up 50%...back to where it started the week before! Loads of people panicked at low prices and the MMs got jolly cheap stock to sell dear the next day or so. GMC looks like another MM trick to me...I'm holding on.

Di

Dynamite

You're right. I'm sure these will be back up and soon. Selling just before the results is not what I would do. I've got a lot of these and I'm definitely holding.

LOL

MS

Di, can't see the MM thing meself. Peeps were hoping for results on April 14 and didn't get them. Peeps were hoping for more acquisition news and didn't get that either. And peeps really got themselves worked up about the casino thing -- and that was me on t1ps, just putting the possibility out there -- so they sold and hence the current SP. Simple case of supply and demand. UKB dropped 3pts today despite raking in the money from a soaring online poker market. So could everyone just chill out a little bit please!!!

I think I will top up my holding because I'm sure that good news is only round the corner.

LOL

UKB also showed widnening losses. Thats what accounted for the drop.

MS

That wasn't the point, Mickey. This is GMC and we are all about online poker!!!!!

Untill we get the results or positive news then I think we may see it drift. I am a bit concerned about the EGM on the 29th with another placement which may well reflect in the sp. It's in the hand's of other people but long term I still feel positive.

MS