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 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

Fingers crossed Mickey ,the trouble i am having with investing is when to bank my profits.I just wish i knew how much further this has got run.
db66

That's the 64K dollar question. I won't be doing anything untill it gets into the mid 20's. In time I can see 50p. A lot of institutions on board and in a rapidly expanding sector. It's a question of having the balls to hold.

MS

From the other place.

axe79 - 16 Jun'05 - 21:26 - 11862 of 11890


Caught me out there, would you like pictures of your wife?



On to other matters......current major shareholders


Raven Noms Ltd 45,033,916 17.50%
FMR Corporation and Fidelity International Limited 16,429,048 6.38%
Cantor Fitzgerald Europe 12,958,571 4.72%
Jason Drummond 12,129,618 4.41%
Morgan Stanley Securities Ltd 11,090,000 4.31%
Marlborough Fund Managers Limited 10,000,000 3.89%
Paul M Hill 9,200,000 3.58%
HSBC Global Custody Nominees Ltd (A/C 346700) 8,315,000 3.23%

Other Directors Amount % Holding
Justin Drummond 6,285,487 2.287%
Damion Paul Greef 1,330,555 0.484%
Peter Williams 785,836 0.305%

Looking good for the retail buyers with that lot on board. Its a good chance that Friday will be a very strong day for the SP.

Raven Noms is EK--so he must own 17.50% of the company. Last update from Jason D said things were fizzing so we need lots of patience to be well rewarded IMHO of course.

I didn't know Raven Noms was EK thanks for that moneyplus. So we're in good company then with some heavy weights with serious dosh. Looks good to me. I can't wait to see 19p just to get the guv'off my back and i can stop lying.

LOL

MS

we'll make it soon!

You bet. Have a good one.

MS

Shrewd Tip: shrewdies gamble on world's biggest gaming portal


Stake-building by shrewd investors and directors suggests that Gaming Corporation's 20 million acquisition in May to make it the world's largest online gaming portal will prove to be a lucrative deal for the company.

Shares in Gaming Corporation (GMC) have shot up from less than 1p in 2003 to 15.5p via a high of 18.8p. However, this has not dimmed appetite for the stock among some key investors. On 16 May executive chairman Jason Drummond, who was something of a player in the dotcom boom, bought 350,000 shares at 13.5p. His brother Justin, who is chief executive, bought 180,000 shares in on 19 May at 13.25p and non-executive director Damion Greef bought 100,000 shares at 13.375p on 19 May.

This enthusiasm is matched by knowledgeable outsiders too. Behind the scenes AAA-rated fund manager Patrick Evershed was buying around the same time for his New Star Select Opportunities fund, which holds 12.5 million shares or 4.55% as a result. Online gambling aficionado James Thomson at Rathbone was buying shares right up until last week for the Global Opportunities fund he runs with chief investment officer Julian Chillingworth. Other notable backers include AAA John Dodd's Artemis Alpha investment trust, with 1.27%, and stockbrokers Chris Fleet and Donald Godwin of Charles Stanley, who have traded very shrewdly in QXL Ricardo's shares.

Gaming Corporation's business is a mix of its own gaming business and gambling portals, through which gamblers can access online casinos and other gaming sites. Its Casino.co.uk portal has features such as top five poker sites, a chat forum, bingo websites, articles on gaming and other useful information. Companies featured on the site pay Gaming Corporation every time a user clicks through but the company says 40% of its 3 million users end up on its own casinos. It also has a deal to supply mobile games to customers of Orange.

Last month the company bought Newbold, the owner of Gambling.com for 10.5 million, the largest US gambling portal, which is expected to make 1 million profit this year.

The online gaming business is highly cash generative and unlike a bookie the company takes a slice of all money gambled, not just that which is lost.

The risks to the business come from both ends of the legal spectrum: criminals and regulators. Online gaming is a target for money launderers, who see its potential as a global washing machine. However, since online gambling is illegal in the US, a key market, there is also the risk that the US authorities will clamp down on companies such as Gaming Corporation in as much as it is used by US customers.

In the first six months of the year turnover was up 80% to 9.9 million and gross profit rose by 174% increase to 718,000. It made a 52,000 loss before tax, compared with 386,000 last time.

Broker Canaccord Capital forecasts pre-tax profit of 380,000 this year and 2.83 million next year based on earnings per share of 0.13p rising to 0.84. On this basis it is valued at 18.5 times next year's earnings, which does not seem outrageous for a high growth company. Buy


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