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.

Lack of news driving the price down to bring the buyers back! Im quite annoyed with this one but gonna sit tight for the results in November! its a good buying opportunity as im sure it will bounce back soon! The institutions all got in about these levels a while back so im sure they will think about topping up their holdings

just read that Evil Kneivel has lightened his long on GMC (on Monday).....
-although he still has a substantial amount on them
-says that he has lightened it cos although it is a quality stock, it is in a bear sector (as far as he is concerned).

so perhaps a bit of a false alarm.....

Something going on here this morning perhaps? Good buying volume including a MM deal for 400,000. Stock up 4% at the time of post.

pth

L2 also looking good at 4 v 2

L2 now 5 v 1, should be another tick up soon.
As you can see from the chart, the stock is oversold (Boll bands / RSI) and has bounced off support at 12p. Results are due in September, so possibly the start of the run up.

pth

L2 now 6 v 1. Two more MM buys at 50k. Only MM with any stock appears to be TEAM, once they are out it is game on!

pth

I agree pth! As i thought the price was driven down to the support level to bring the buyers back in. Last times bounce of the bollinger bands was powerfull this looks to have kick started a similiar run as you say in perfect harmony for the results! This has missed out recently in the rise lets hope we are making up for lost ground

slow drift back lately-maybe overshadowed by the big boys-hoping for good news soon!

Having a good day again, seems to be regaining some momentum over the last week or so.

pth

anyone think this one will be gobbled up as consolidation is expected in the sector--a nice plum for one of the bigger companies. are the next results in Nov anyone know?

Got out this morning before the mass exodus and raping of the sector! Might get back in on this one but severely pissed off with the performance of this as of late. Good luck to any remaining holders

Make of this what you will. From the other side. EK is still long with a reduced holding


jack1822 - 7 Sep'05 - 15:58 - 13321 of 13325


Duck you suckers

Gaming Corp, one of the sector's smaller players, rose 1p to 13.75p after Arbuthnot Securities urged investors to buy into the group, slapping a 21p price target on the stock. It expects Gaming's full-year results, due in November, to reveal pre-tax profits of 500,000. Given the strong trading at the group, this forecast could prove to be too conservative.

The Independent

LOL
MS

Time to get into GMC now, this will steadily rise up to results.

I think we're on the move. 7+% today so far. It looks like the MM's are letting it go. Results should be out november. I do see this as a multi bagger (in time). Let's hope it's not another false dawn.

MS

hope so mickey-rewards for the patient.

Should we be concerened? EK has sold the last of his holding. Why when results are due soon. As he knows the Drummond brothers well, does he know something we don't.

MS

MS, to my knowledge EK is bearish on the sector as whole, which might explain his selling.
However, it always pays to judge a company on its own merits, rather than just as a part of a sector, because the sentiment might change for the positive in few weeks time again.
I remain bullish on GMC and expect continuous rise up to the results.
Remember, GMC has already been hit by the PartyGaming knock on effect, which provided quite a few substantial investors with a chance to buy @12p mark.

I don't care what EK does because most of the brokers notes I have read are very bullish especially Arbuthnot which I read recently. EK is a punter not an investor and looks for a quick buck but remember he is long on CER and look at them now

From the other side. Sounds good to me.

shaz247 - 12 Sep'05 - 13:50 - 13422 of 13425


Just had a quick chat with Damion Greef, Communications Director at GMC, who tells me the EK is someone who is not close to the company at all and is a trader and not an investor. He tells me that EK purchased his holdings at around 3p so is perfectly entitled to sell his shares, if that is what he has done, for what is a fat profit. He mentioned the Cannacord forecast of 24p and also was reassured by the Arbuthnot buy note of 21p and emphasised that this is the first independant analyst forecast for GMC and reiterates what house-broker Cannacord has been telling investors.

He also said Directors are concentrating hard on the GMC business and all long term investors are still on board. Results are hoping to be released within the first couple of weeks in November and GMC are comfortable with analyst expectations.

GMC remains a very attractive investment and EK may be forced to buy in at higher levels post-results...