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.
ptholden
- 16 Jun 2005 13:24
- 733 of 1117
treeshake over :-))
blackbelt
- 16 Jun 2005 17:51
- 734 of 1117
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......
blackbelt
- 17 Jun 2005 12:32
- 735 of 1117
A blue day already today without a tree shake!
mickeyskint
- 17 Jun 2005 13:44
- 736 of 1117
And no news. Are we turning the corner, I hope so.
MS
doughboy66
- 17 Jun 2005 13:59
- 737 of 1117
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
mickeyskint
- 17 Jun 2005 15:14
- 738 of 1117
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
mickeyskint
- 17 Jun 2005 15:30
- 739 of 1117
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.
moneyplus
- 17 Jun 2005 15:37
- 740 of 1117
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.
mickeyskint
- 17 Jun 2005 15:52
- 741 of 1117
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
moneyplus
- 17 Jun 2005 15:54
- 742 of 1117
we'll make it soon!
mickeyskint
- 17 Jun 2005 16:02
- 743 of 1117
You bet. Have a good one.
MS
axe79
- 20 Jun 2005 10:44
- 744 of 1117
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
http://www.citywire.co.uk
trader4
- 20 Jun 2005 10:50
- 745 of 1117
PCF Last week issues an RNS stating that they had been approached in the early stages of a bid. The current valuation is way to low and is about to rocket with the full bid any day. The company is moving back into profit and several broker/tipster recommended it as a buy prior to the bid news
On top of this there is a rumour of a second bidder in the wings going about
This will reach new highs this week, now is the time to get in before it heads toward 100p, current sp is 32p
IMHO
blackbelt
- 27 Jun 2005 17:49
- 746 of 1117
3 RNS today.....HOLDING IN COMPANY
The Company was notified on 24 June 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 18,615,221 ordinary shares of 1p each in the
Company, being approximately 6.77 per cent of the issued share capital of the
Company.
blackbelt
- 27 Jun 2005 17:50
- 747 of 1117
Gaming Corporation PLC
Gaming Corporation PLC Monday 27th June 2005
Trading Statement
Gaming Corporation plc ('Gaming Corp' or 'the Company'), the number 1 gaming
portal operator and owner of both
www.gambling.com
and
www.casino.co.uk,
today
provides an update on recent trading.
Gambling.com
Recently acquired Gambling.com has already made a strong contribution to Group
profitability in its first full month as a wholly owned subsidiary of the Group,
generating net income of 105,000 in May, ahead of management's budgets.
Integration of the Gambling.com business is progressing very well and we expect
continued growth, synergies and the benefits of cost savings to make significant
improvements in the profitability of this business going forward.
Orange mobile gaming business
The recently launched mobile gaming business is already starting to show very
encouraging results with over a thousand registered players in the first few
weeks of operation. New player registrations, deposits and revenues have
increased substantially over the past week as Orange has increased the marketing
coverage and moved out of the 'soft launch' phase. Gaming Corp has first mover
advantage in this exciting sector and is in ongoing negotiations with other
major mobile network operators with a view to launching additional mobile gaming
services. The games can now be accessed from the Orange World home page by
clicking the 'Fun' channel and then clicking the recently launched 'Gambling'
channel.
Casino.co.uk and Gaming Operations
Casino.co.uk has grown considerably during the year recording over 4 million
unique visitors in May 2005 an increase from 3 Million in March. This growth in
traffic has contributed to both higher cost per click advertising revenue and
increased business in our proprietary Casino, instant win and skill gaming
businesses. We are in ongoing negotiations with software suppliers with a view
to increasing margins and the range of Gaming products that we offer.
Justin Drummond, Chief Executive, commenting on recent trading,
'Gaming Corp has made significant progress since the start of 2005 and now has a
very cash generative business. The Company has reached critical mass and is in a
leading position in the Gaming portal market'.
blackbelt
- 27 Jun 2005 17:50
- 748 of 1117
Gaming Corporation PLC
Gaming Corporation PLC Monday 27th June 2005
Acquisition of
www.casino.ie
Gaming Corporation plc ('Gaming Corp' or 'the Company'), the number 1 gaming
portal operator and owner of both
www.gambling.com
and
www.casino.co.uk,
today
announces the acquisition of
www.casino.ie
its largest affiliate partner.
www.casino.ie
a leading Irish online casino operator has been acquired for a
consideration of 60,000 that will be met in cash. The consideration includes
the web site address
www.casino.ie
and all existing players, database of
registered users and assets of the business.
Justin Drummond, Chief Executive, commented,
'
www.casino.ie
has been our largest and best performing affiliate partner over
the last 12 months, a performance that we believe can be significantly improved
upon when the marketing and promotional expertise we posses is brought to bear.
This will enable us to exploit fully the potential revenues off this valuable
property'.
'We will convert the website, currently transacting in sterling, into a euro
denominated site and will use
www.casino.ie
to form the basis for our expansion
into Europe and the euro zone.'
blackbelt
- 27 Jun 2005 17:54
- 749 of 1117
This should put a bit more wind in its sails.......fidelity upping its stake, another acquisition with european expansion in its sights & confirmation that the business is storming ahead!
This company is getting stronger by the day
moneyplus
- 27 Jun 2005 18:51
- 750 of 1117
Excellent news--looking good for a substantial rerating by end of the year. IMO
andyeds
- 22 Jul 2005 19:56
- 751 of 1117
stock overhang cleared today according to Evil Knievil, should see a move back to 16p+ very quickly...
business storming ahead....
moneyplus
- 22 Jul 2005 21:33
- 752 of 1117
about time this one started moving-lets hope for a trading update as well if Evil has started the news flow. wonder what evil thinks is a fair price to look forward to- anyone in the know???