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`m back in this again for the fourth time !! made profit first 2 trades then lost it all on the 3rd, bought at the peak the 3rd time and jumped ship when they placed a new share issue,it was so volitile back then i didn`t know where the SP would end up.
Lets hope its up and away from here
db66

Nice to see that others are sharing your sentiment. It was all about the MMs playing down this one, ive been shock out of good companies in the past but i held on to this one. onwards and upwards

play them at their own game! you need nerves of steel sometimes hope the rise continues next week. there are some sizeable buys going through.

From the other side.

wintrowski - 9 Jun'05 - 10:20 - 11439 of 11455


Lord Buffett,

Thanks for your opinion. I always value a well-reasoned counterpoint.

Now that the institutions are the largest stakeholders in GMC, as opposed
to the directors, I really don't think that matters in terms of a buy-out.
If someone comes along with an offer for the company which'll see the
institutions reap a profit, then they'll sell.

I'm thinking, if we see an offer made in the autumn, it'll be for about
30-35p per share (that could change if GMC signs a new mobile deal, or if
we start seeing some good results from the Orange deal). That sort of
figure will set the institutions up nicely, so why wouldn't they sell?

In the long-term, I don't think GMC are going to become another SportingBet.
Don't get me wrong, the prospects for the company are great, especially if
the mobile gaming stuff takes off, and we see further deals made. However,
it's my hypothesis that the Drummonds have told the institutions that an
exit strategy will be a main part of the game plan. The institutions were
convinced that if they bought in at 14p, then they'll see a double bagger
before the end of the year.

I think this is a strong possibility. Of course, I'm going to cover my ass
here by saying anything could still happen (and it could!) - mobile gaming
could really be a hit and turn GMC into a money-printing machine, or we could
see some other deal being made, I don't know.

However, I don't think GMC will flounder, nor will the SP see 10p ever again.

Simon Cawkwell or Evil Knievil is a big share holder in GMC. He had Mr Drummond around for luncheon and says that things are really blazing ahead at Gaming Corporation. It is only a matter of time before this is reflected in the share price.

Keep the faith.
MS

Up 12+% on the day, let's hope we can hold on to the gains.

MS

Glad i got back in Mickey,hopefully it will soon go past the 19p your Mrs paid and you will get your leg over again.
lol
DB66

DB66, doesn't 'bare' thinking about!!

Happy to have a stake in GMC at the moment. Felt slightly nervous when it seemed to be going backwards last week, but it did appear to be getting marked down on relatively few sells. Looking forward to next week.

pth

From the other place. Well worth a read.

wintrowski - 12 Jun'05 - 01:16 - 11559 of 11601


Doom, as much as I appreciate your opinion, I think it is unrealistic to
expect GMC to fall as far as 10p. Do the research. For starters, look at
how far they've come since the start of the year, look at the profitability
of their core businesses and that brought in from acquisitions, ignore
the fluctuations in the Hitwise rankings that are due to betting on major
sports events facilitated by other gambling websites (which aren't really
in competition with GMC anyway - in fact they are probably customers of
GMC for ad campaigns on casino.co.uk), look at the strength of the
institutional holdings, look at the suitability of GMC as a buy-out target
of a bigger fish in the online gambling pool.

The recent fall in the SP was explained by the Times quote someone
posted, saying that Canaccord was working behind the scenes to
clear up a stock overhang. That has been resolved, and we're seeing
the SP return to previous levels, with the possibility of a break-out
next week.

From what I can tell, there seem to be hints of rumours doing the
rounds. It's likely something is afoot at GMC, and this has been
recognised by some of GMC's detractors (littlepuppi closing his short),
and also their biggest supporters (Cawkwell's post on t1ps). If these
rumours bear fruit, then your estimates of being able to buy in at 10p
will look silly.

To be honest, your justifications based on "economic indicators" for
this 10p figure, whether these "indicators" are valid or not, the merits
of GMC and the online gambling industry as a whole you seem to be
ignoring. I know none of us like to see investors lose money, but we
all like to see investors gain capital, and that's done by weighing up
ALL the angles, studying the fundamentals of a business and its sector,
having confidence in that research, and, above all, having the patience
and nerves of steel required to act on that research.


My advice to anyone reading this board is to judge GMC on their own
merits as a business on the verge of reaching critical mass, and also
in the context of the online gambling sector as a whole. Don't look at
short-term share price fluctuations, or Hitwise/Alexa rankings which
will vary naturally over time and the sports betting season. Is GMC a
business that'll turn a profit? What are their growth prospects? How
is the sector performing? Is it likely GMC will be the target of an
acquisition? Who are the major holders of GMC stock? Where are
the directors taking the company? And so on...

Guys like doomsday_man have an opinion that's worth listening to and
contrasting with what you believe to be the status quo, and the future
prospects of the company. However unrealistic their opinions may be,
they'll force you to think about your take on the matter, and make you
justify your research and your decision to invest. If you can't justify
yourself and your research, then don't invest in the company - it's as
simple as that. Go elsewhere, or stick to the building society.

JackTheTrader - 12 Jun'05 - 04:23 - 11560 of 11601


One or two good posts. As usual good value from you Wintrowski. The good reasons why we bought in the first place are justifiably repeated for the faint-hearted.

For me this has been the most significant post in a long time:

CMAB - 11 Jun'05 - 10:20 - 11548 of 11559

The Times, Sat 11 June -

Gaming Corporation added 1p to 13p as Canaccord Capital cleared the last of an overhang caused by a portfolio restructuring at a UK institutional shareholder. (End)

It now makes clear to me the reason for the strange behaviour of the sp for a long time and why there was such a big upward movement in the sp on Friday on a small difference in total sells and buys.

I sense now that the overhang is cleared we're going to see strong upward movement. Wish I had spare cash to buy in more. Shorters beware.

The way the MMs have been manipulating the SP (or trying to) over the last few days has been nothing short of outrageous. Both yesterday and today, SP marked down on good buying voulme and few sells. Eventually, they have admitted treeshake defeat and let it go. Flying yesterday and today, looks like its getting a real head of steam.

pth

they want our shares--I guess.

You got to love it when a bit of patience pays off........keep it going like this and we'l b testing the previous high........roll on the broker target

It will be interesting to see if tomorrow morning we have good volume buying the MMs try the same trick again? Personally, I'm going to hang onto mine!

pth

I think the year end is September. When the results come out the price will be a lot higher than it is now. HOLD for the real money.

MS

Yes i agree MS, it was testing for a while but all my tranches have now inched their way into profit. If Fidelity and the other institutions where prepared to come in at 14p a while ago they are obviuosly putting a double bagger in mind.....

Morning treeshake again, wonder if the previous day's pattern will be repeated?

pht

treeshake over :-))

A tree shake everyday will do me if it ends the day positive. Im going on holiday next week and hope to return with this one leveled out in a new trading range. If this can hold above 15p for the near future that would suit me just fine......

A blue day already today without a tree shake!

And no news. Are we turning the corner, I hope so.

MS