goldfinger
- 05 Dec 2003 00:33
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.
wilbs
- 16 May 2005 08:49
- 665 of 1117
Gaming Corporation PLC
GAMING COPORATION PLC ('THE COMPANY')
DIRECTOR SHAREHOLDING
The Company was notified on 16 May 2005, that Mr. Jason Drummond, Chairman of
the Company, purchased 350,000 ordinary shares of 1p each in the Company
('Ordinary Shares'), at a price of 13.5p per Ordinary Share for a total cost of
47,250.
wilbs
Paulo2
- 16 May 2005 09:27
- 666 of 1117
Has anyone spoken to the broker to see when we can expect a re-rating? Would do it myself but I'm in work and it's easier to type then talk.
JT Master Investor
- 16 May 2005 10:56
- 667 of 1117
Date: 16 May 2005
LONDON (ShareCast) - Online gambling group Gaming Corporation today reported a massive increase in turnover and narrowing half year pre-tax losses and hinted at more acquisitions to come.
Losses before tax for the six months to 31 March narrowed to 52,000 from 386,000, while gross profit leapt to 718,000 from 261,000 last time. Turnover soared 80% to 9.9m.
Chief executive Justin Drummond said, The performance of the business since the start of the year has exceeded expectations.
Route to market and customer acquisition is essential for any business and with the unprecedented growth of Casino.co.uk and our recent acquisition of Gambling.com, Gaming Corporation has consolidated its market leading position", he added.
The group also said Casino.co.uk is now the most visited UK gaming site, recording over 3m unique visitors in March this year from 150,000 in the same month in 2004.
Total number of visitors to all the companys sites hit 4m in March, with profitability helped by a change in revenue model in January this year to pay per click.
In addition, chairman Jason Drummond paid 13.5p each for 350,000 shares costing a little over 47,000.
wilbs
- 16 May 2005 12:22
- 668 of 1117
Gaming Corporation PLC
Gaming Corporation Plc ('The Company')
HOLDING IN COMPANY
The Company was notified on 1 May 2005 by FMR Corp, and its direct and indirect
subsidiaries, and Fidelity International Limited (FIL), and its direct and
indirect subsidiaries, that it had acquired an interest in shares that resulted
in it holding a total of 16,429,048 ordinary shares of 1p each in the Company,
being approximately 6.38 per cent of the issued share capital of the Company.
16 May 2005
wilbs
wilbs
- 16 May 2005 12:37
- 669 of 1117
Some good buys coming in now. 3 good RNS's today. Should see some blue at last!!
wilbs
wilbs
- 16 May 2005 12:48
- 670 of 1117
Posted over the other side:
Citywire Verdict:
Gaming Corporation owns a number of exciting assets and the recent pace of deals has provided management and shareholders with plenty to get their teeth into.
However, there are no broker forecasts out at the moment and at this point in the business's development its potential looks hard to quantify. The shares have yet to find a level that they are comfortable to settle at following their spectacular run at the start of the year.
Still the overall flavour of today's news is encouraging and it is hoped that the house broker Canaccord will have some numbers out later in the week.
wilbs
JT Master Investor
- 16 May 2005 13:59
- 671 of 1117
Cutywire Verdict:
http://www.citywire.co.uk/News/NewsArticle.aspx?VersionID=74311
blackbelt
- 16 May 2005 14:27
- 672 of 1117
The share purchase by Justin at is a good positive. That should ensure that the media pick it up and shares mag.
This is just waiting for a good broker rating to place a fair value in the 20s, hopefully igniting interest in the share.
The potential for other Mobile Networks to sign up with Gaming Corp is extremely appealing. The long term prospects look extremely good to me
Paulo2
- 17 May 2005 08:08
- 674 of 1117
Lurvely! Just need some bullish broker comments now -- and soon.
wilbs
- 17 May 2005 08:19
- 675 of 1117
A nice blue start to the day with some nice trades going through.
jimmy b
- 17 May 2005 08:24
- 676 of 1117
In Casino.co.uk and Gambling.com, Gaming Corp has two prime domain names in a fast-growing market where there are already hundreds of operators. Gambling.com alone is on course to make more than 1m in profit this year. There is plenty of growth yet to come. Buy says the Independent.
Here it is Dynamite , I bought in at the wrong time and stop lossed out unfortunately,Good luck.
mickeyskint
- 17 May 2005 08:35
- 677 of 1117
The foundations are in place with serious institutional investment and a buy recommendation. Looking good to me. Add to that a good broker upgrade and we're off.
MS
blackbelt
- 17 May 2005 08:50
- 678 of 1117
THE INVESTMENT COLUMN: Place your bets on Gaming Corp
The Independent
The phenomenal growth in internet gambling is akin to the dot.com boom all over again. Except this time it appears to be more profitable.
Gaming Corporation, whose website, Casino.co.uk, acts like a Yahoo or Google for internet gambling sites, said yesterday it had had a "monumental" first six months of the year as it announced interim results to the end of March. Turnover was up 80 per cent to 10m and it is now just about breaking even. Gaming companies pay Gaming Corp every time a user clicks through to their site from Casino.co.uk, and 40 per cent of its 3 million users end up on Gaming Corp"s own casino businesses.
Since March, the company has signed two more lucrative deals. It is now supplying casino games to Orange mobile phone users and it has also bought another gaming website portal. Gambling.com is the US"s largest internet gambling search engine and appears as the first result of a Google search for "gambling".
In Casino.co.uk and Gambling.com, Gaming Corp has two prime domain names in a fast growing market where there are already hundreds of operators. Gambling.com alone is on course to make more than 1m in profit this year. There is plenty of growth yet to come. Buy.
axe79
- 18 May 2005 12:18
- 679 of 1117
Canaccord's brokers update is out, you can view it on www.gamingcorp.co.uk
wilbs
- 18 May 2005 12:22
- 680 of 1117
Valuation and recommendation
We are initiating coverage on Gaming Corporation with a BUY recommendation and
a 24p price target based on our DCF model, which we discount at 11.1%. This price
target equates to 28.1 times our F06 EPS and 14.5 times our F07 EPS, compared to
gaming platform providers trading at P/Es between 24.1 and 36.0 times F06
earnings. We are forecasting earnings growth for F07 of 93.4%, which based on a 14p
stock price reflects a PEG of 0.08, attractive for a growth company.
Recommendation BUY
12-month target price 24p
Current price 14p
52 week high 23.3p
52 week low 2.00p
Avg. volume (3 months) 10.5 m
Market capitalisation (m) 37.8
Shares O/S (m) 269.9
wilbs
mickeyskint
- 18 May 2005 15:11
- 681 of 1117
From the other place. Just to keep you up to date as to where we are at the moment.
mrkournikova - 17 May'05 - 22:15 - 10701 of 10753
Hi,
Bill Johnson commented on Gaming Corporation (GMC) on Watshot.com today, and Im not convinced that he understands the merits of the company. Therefore I thought it worth writing a brief response outlining what has now become a company that could be somewhat difficult to understand.
Casino.co.uk - This is the flagship website, having been registered by XWorks Ltd on 22nd August 1996. XWorks changed its name to Gaming Corporation in August 2002. Casino.co.uk generates revenue through five different avenues:
Pay-Per-Click This is a revenue model whereby a user clicks on a banner hosted on casino.co.uk and Gaming Corporation receives a fee for that click. The margins are very attractive on a PPC revenue model as the only fee is the expense of hosting the banner on the website. The barriers to entry are virtually non-existent for any internet portal, hence why there are portals by the truck-load on the web. However, the vast majority of them will not have the option of earning revenue via PPC, but will receive a share of a recommended clients losses. This revenue model was only changed from a hosting fee to PPC in January; therefore these results only reflect three months revenue from the new model.
Play.casino.co.uk - This is Gaming Corporations own online casino, launched in December 2002. The software is powered by Boss Media, who receive a percentage of the income generated by player losses. Boss Media is one of the industrys leading providers of gaming software, along with MicroGaming and Playtech. It was encouraging to read in yesterdays interims that operating margins should increase, due to the critical mass the business has now achieved. Operating margins will always be very slim for casinos, at around 2.5%, so any increase will clearly have a significant impact.
Poker.casino.co.uk - This is Gaming Corporations own poker product, earning income in the same way was play.casino.co.uk.
Instant.casino.co.uk - Launched in April 2004 this offers a selection of instant play games.
skillgaming.casino.co.uk - This section also shares the URL skillgaming.co.uk and is a joint venture with Game Account.
The Other Sections
Gambling.com - Gaming Corp announced that it had acquired Newbold Enterprises, the owner of gambling.com on 3rd May 2005 for 8 million in cash and 2.5 million in shares. Whilst not as popular as casino.co.uk, gambling.com occupies the first position on google.com for the keyword gambling. In March 2005 there were 659,707 searches for the word gambling. The website operates in the same was as casino.co.uk as a portal. Analysts are expecting it to contribute 0.5 million operating profit in the second half of the financial year.
Eyeconomy.com - This really seems to have been brought back to life since its acquisition by Gaming Corp in May 2004. It specialises in online marketing. Eyeconomy is profitable and has a standalone turnover in excess of 1.5 million.
Findpoker.com - Launched in February 2005, findpoker.com mirrors the casino.co.uk portal, operating on a cost-per-click revenue model, but concentrating solely on poker.
Got2bet.com - Acquired on 6th April 2005, got2bet.com was Gaming Corps first move into the American gaming market. Got2bet.com provides information in both English and Chinese, with casino reviews, ratings, news, and message boards. Got2bet.com will impact the second half of the years results, and should generate an operating profit of c.55,000.
Gamblinglistings.co.uk - A search engine cum portal, albeit with a gambling theme.
Orange.casino.co.uk - The new mobile gaming division has Orange onboard as its first major customer. Market research suggests that this could be worth up to 3.15 million net profit to Gaming Corp in its first year. Certainly Orange is a massive customer to be in bed with, and if other mobile customers come on board too then this looks set to be a very lucrative area of earnings for the company.
Onthebox.com - Onthebox.com is the leading supplier of TV listings to the UK market. Clients include the likes of The Sun, Jersey Insight, and Yahoo.
------------------------------
I hope that I havent missed anything out, but as you can see Gaming Corporation is now a rather large business, earning revenue from many different operations. Bill Johnson writes: The company is capitalised at 40 million so the 'pay-per-click' model (introduced in January) will have to reach frenzied levels of stridulation in future. But the market appears to have little doubt that it can.
I still think that it is a gambler's counter in every sense.
Obviously if Gaming Corp were simply a company based on a pay-per-click revenue model then it would be a gamblers counter in every sense. The fact that pay-per-click is just one part to the business rather flaws Bills conclusion. IMO Gaming Corporation is looking an increasingly attractive business. But then being a shareholder I would say that.
Best Wishes,
Mr K
moneyplus
- 18 May 2005 16:41
- 682 of 1117
Great stuff from Mr K --thanks Mickey. This could be the one to buy your ferrari or the island in the sun. I can dream can't I !
mickeyskint
- 18 May 2005 16:45
- 683 of 1117
I'm more of a DB9 man myself. If you haven't got dreams you've got nothing.
LOL
MS
wilbs
- 19 May 2005 11:41
- 684 of 1117
Gaming Corporation PLC
GAMING CORPORATION PLC ('THE COMPANY')
DIRECTOR SHAREHOLDING
The Company was notified on 19 May 2005, that Mr. Justin Drummond, Chief
Executive of the Company, purchased 180,000 ordinary shares of 1p each in the
Company ('Ordinary Shares'), at a price of 13.25p per Ordinary Share for a total
cost of 23,850.
wilbs