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.

Interesting that IG Index have moved their spread on GMC up 0.5p.

If thats the case Paulo what do they know that we don't. Time will tell. The Drummond brothers won't let this go cheap if they let it go at all. 12/24 more months growth in their hands would suit me very well.

MS

I think we still have 6 months to go before we see the share price rally. The reason being that the 2006 forecast of 3.14m (arburthnot) seems steep to most investors that do not understand the business model. By the interims in 2006 (should be in May) we will begin to see if they are on target to make that sort of profit or not. We will also know by then whether the mobile gaming businesses is looking like it could be a solid revenue earner.

Given the low forward PEs that gaming companies currently command and the expected move from being a mostly marketing company to more split between gaming and marketing I would value the company on a forward PE of 20.

That would give a market cap of about 60m by results next May. [about 22p a share]

If the mobile division does well and they win more mobile network contracts AND the mobile companies actually start to market the products I would put them on a market cap of 80m by next May [about 30p a share]

wjordan

I think that's a very reasonable argument. More realistic than others I've read on other boards.

LOL

MS

Fair point, wjordan.

But if we are looking at a profit of say 550k, a tie in with T-Mobile and the confirmation of revenue from our own casino site, I can still see the SP being driven up to 17-18p on results day.

Don't you think?!

I think the fact that the new site looks set to get off to a flier will certainly drive sentiment. And I particularly like the highlighted paragraph:

PokerNetwork signs with Gaming Corp
25 Jul 2005

PokerNetwork signs with Gaming Corp UKs no 1 gaming portal operator
PokerNetwork, the worlds third largest online poker network, owned by Ongame, has won the approval of Gaming Corporation (Gaming Corp). UKs no 1 gaming portal operator. Gaming Corp and PokerNetwork have signed a licensing agreement that will enable for Gaming Corp to enter the fast growing online poker market.
PokerNetwork consists of an exclusive group of premium partners, including PokerRoom.com, that drive customers into a shared pool of poker players. Each partner retains ownership of its own player database and continues to earn commission for the lifetime of the player as they compete across the network of over 5 million worldwide poker players.
Under the terms of the agreement PokerNetwork will provide fully customized poker software that will enable Gaming Corp to offer its rapidly growing database of customers a state of the art and highly liquid multiplayer poker application that can be accessed both online and via a mobile device.
Karl Magnusson, VP and Chief Administration Officer of Ongame, commented,
We are delighted to have signed this deal with Gaming Corp, a partner in which we see great potential. We are confident that this partnership will generate significant revenues for both companies.

The size of PokerNetworks existing community will ensure that Gaming Corp enters this fast growing market with best of breed software and most importantly heavily populated poker tables from day one.
Gaming Corp is the number 1 gaming portal operator in the UK and owner of both www.gambling.com and www.casino.co.uk.
Justin Drummond, Gaming Corp Chief Executive, commented,
This is a key deal for Gaming Corp; we will be able to offer our extensive customer database multi-player poker that can be accessed on the internet or via a normal mobile handset. Mobile poker players simply log on to a live poker table in the same way they do online joining thousands of simultaneous players competing from the internet or mobile device.

It is anticipated that Gaming Corps service via PokerNetwork will be launched at the beginning of September.

Great results from NLR:





NETeller PLC
07 November 2005



THIRD QUARTER TRADING UPDATE


NETELLER Plc ('NETELLER' or the 'Company'), a leading online money transfer
service provider, has continued to make further progress and rapidly expand its
base of customers and merchants during the third quarter of operations ending 30
September 2005.


Highlights


Average daily sign ups for the quarter: 3,085; total customers at
quarter end: 2,026,413

Average daily receipts from customers: $3.64m, up from $3.15m in Q2
2005

Revenues $44.9m, up 106 % over Q3 2004; gross margin for quarter of
73.9 %

Income before tax $26.3m; net income after tax: $23.6m; net margin
52.5 %

EPS for quarter $0.196 (11.1 pence) per share

Continued investment in developing the business through key
appointments and increased management focus on Asia region

Acquisition of Netbanx, a leading UK full service payment service
provider for $21.9 million (12.36 million)

Strong current trading in line with seasonal variations

NETELLER remains comfortable with market expectations for 2005



Gord Herman, Chief Executive Officer, commented 'I am pleased that we have
continued to grow the business in line with our strategic objectives. The third
quarter is traditionally strong and we have seen excellent growth across all
areas of the business on a year-to-date basis. Since his appointment as Chief
Operating Officer, Ron Martin has made a considerable contribution to all
operational aspects of the business, in particular the implementation of the
next generation system which remains on course. We look forward to the final
quarter of 2005 with confidence and expect to demonstrate continued progress.'


Enquiries:

NETELLER Plc 01293 897 515
Gord Herman, Chief Executive Officer
Ron Martin, Chief Operating Officer
Eric Hughes, Chief Financial Officer
Andrew Gilchrist, Vice President - Communications


Citigate Dewe Rogerson 0207 638 9571
Sarah Gestetner/Seb Hoyle/George Cazenove


Operational and Financial Highlights



All financial figures in US$ unless otherwise noted. All conversions to
Sterling are at a rate of US$ 1.77 to 1.



Sign ups



The Company surpassed two million customers in September and closed
the 3rd quarter with 2,026,413 customers. Daily sign ups averaged 3,085
customers for the quarter which was up 48 % from 2,085 in Q3 2004. Year-to-date
sign ups are up 64 % over the previous year. Traditional volume increases in
the month of August were less than expected for the season as a result of the
phased migration to the next generation IT platform which caused some disruption
to operations. Volumes returned to seasonally normal levels in September.



Average daily receipts



Average daily receipts from customers for the quarter were $3.64
million which was up 88 % on Q3 2004 and up 16 % on Q2 2005. Year-to-date
average daily receipts are up 98 % over the previous year.



Revenue



Revenue for the quarter was $44.9 million which is up 106 % from $21.9
million in Q3 during 2004. Year-to-date revenue of $118.4 million is up 115 %
from $55.0 million for the same period in 2004.



Gross margins



Gross margin of 73.9 % has improved from 73.2 % recorded for the first
six months of 2005, and represents a considerable increase from the 69.6 % gross
margin recorded in the same quarter period for 2004. The Company's scalable
operating platform continues to allow for increased volume of transactions to be
handled while maintaining a stable gross margin.



Income before tax



Income before tax improved 106 % to $26.3 million in the third quarter
compared with $12.8 million in Q3 2004. Year-to-date income before tax is $66.9
million, which represents an increase of 122 % from $30.2 million in the prior
year.



Income tax



Income tax expense for the current quarter is at approximately 10 % of
pre-tax income or $2.7 million.



Net income



Net income for the quarter rose to $23.6 million (up 176 % from $8.6
million in Q3 2004) bringing the year-to-date net income to $60.6 million (up
203 % from $20.0 million for the same period in 2004). Net income margin was
52.5 % for the quarter compared with 39.4 % for Q3 2004.



Earnings per share



Basic EPS for the quarter was $0.196 (equivalent to 11.1 pence per
share) based on the total shares outstanding of approximately 120 million. This
compares to EPS of $0.071 for the corresponding quarter in 2004.


Other 3rd Quarter Highlights



The Company has continued to strengthen its management team and has
made key appointments within the organisation, in particular in the marketing
and product development areas. In addition, the Company announced that Dale
Johnson, Director and Executive Vice President, has assumed the role of
President - Asia region on an interim basis to support and expand the work which
Benjamin Lee, Vice President & General Manager, has commenced in Asia. While
progress is being made, NETELLER is seeking to accelerate the pace of its Asian
programme in order to meet its key strategic objectives for this region.



The Company announced on 31 October the acquisition of Netinvest
Limited and its wholly owned subsidiary Netbanx Limited (together 'Netbanx'), a
UK based card processor, for $21.9 million (12.36 million) in cash, from
Transact Group. This is a key strategic acquisition for NETELLER, enabling
integration of the payment processing solution from customer to merchant.
Netbanx will provide NETELLER with the ability to process its own card
transactions, retaining a greater proportion of margins in-house, whilst also
generating additional revenue opportunities from leveraging Netbanx's existing
merchant base in the UK. The acquisition underlines NETELLER's position as a
leading payment provider to the e-commerce sector and the acquisition is
expected to enhance earnings in the first full year after acquisition and
provide operational synergies.



Current Trading



Since the end of September trading has continued to show positive
growth trends in both sign ups and average daily receipts, in line with typical
seasonal variations. The Company remains comfortable with consensus forecasts
for revenue, operating income and EPS for the current financial year.



Third Quarter 2005 Unaudited Financial Information


Unaudited Unaudited Unaudited Unaudited Unaudited % change
Q3 - 2005 9 months 2005 Q3 - 2004 9 months 2004 Q2 - 05 2005 to 2004 2005
US $ US $ US $ US $ US $ Q3 YTD Q3 to Q2

Revenue 44,942,816 118,427,490 21,865,128 54,989,202 39,291,120 106% 115% 14%
Direct Costs 11,722,016 31,429,535 6,652,711 16,897,467 10,376,466 76% 86% 13%
Gross profit 33,220,800 86,997,955 15,212,417 38,091,735 28,914,654 118% 128% 15%

General and 4,411,649 12,468,939 2,126,393 5,131,643 4,473,552 107% 143% (1)%
Admin
Operating income 28,809,151 74,529,016 13,086,024 32,960,092 24,441,102 120% 126% 18%

Other income(expense)
Foreign exchange (216,532) (53,048) 330,278 179,393 96,053
gain
Management bonus - (1,795,622) - (1,058,000) (17,613)
Depreciation and (1,335,674) (3,612,782) (647,513) (1,870,371) (1,363,910)


Amortisation
Stock option (981,249) (2,149,294) (693,044)
expense
Income before tax 26,275,696 66,918,270 12,768,789 30,211,114 22,462,588 106% 122% 17%

Income taxes 2,663,921 6,339,129 4,200,567 10,213,765 1,859,682

Net income after tax 23,611,775 60,579,141 8,568,222 19,997,349 20,602,906 176% 203% 15%

Daily sign ups 3,085 2,840 2,085 1,729 2,604 48% 64% 18%
Total customers 2,026,413 2,026,413 1,060,167 1,060,167 1,745,602 91% 16%
Average daily 3,640,823 3,222,446 1,935,976 1,628,825 3,152,212 88% 98% 16%
receipts from customers


Notes to Editors

The NETELLER Group


The NETELLER Group operates an online money transfer service that
utilises and extends the existing international banking structure to provide a
secure means of transferring funds worldwide. A NETELLER account acts as a
virtual wallet that enables customers (individuals who open NETELLER accounts)
to load, withdraw and transfer funds by purchasing e-money. E-money can be
instantly transferred to or from any merchant (or internet site) that supports
NETELLER's online payments system for goods and services. Additionally, funds
can be transferred between individual customers in peer-to-peer exchanges.
NETELLER has over 2 million customers and approximately 1,700 supporting
merchants, making the Company a leader in online payment services. NETELLER UK
Limited is authorized by the Financial Services Authority (FSA) to operate as a
regulated e-money issuer. Further information may be obtained from the
NETELLER's website at
www.neteller.com
.


This information is provided by RNS
The company news service from the London Stock Exchange

Paulo2

Well, I certainly hope the share price rises in results but I'm not holding my breath....unless they surprise the market with news that is not expected. We have had the upgrade already and the bropkers forecasts of 570k profit, we know about the pokerrroom deal and we know about the t-mobile deal. What we don't know is what the monthly net income from gambling.com has risen to in October - that could be interesting if they announce it. Also, I would like to see how many customers they are aquiring per month for all of their gaming white lebels - that might give us some idea of how many poker players they are capable of signing up.

Looks like MMs are keen to incourage some selling during this quiet period.
Next week we should start gearing up for the results on the 22nd with few more goodies thrown in the Christmas stocking. I've been a good boy this year and want a 3D phone with poker room for my present.

Could do with some action with this one. One of my more boring ones, but hold in hope.

MS

Know the feeling.

How can you get 325K buys zero sells and no movement in the sp. MM's don't you just luv them.

MS

We'll the bid's just gone up and the spread looking more friendly. I reckon we'll break 12p this time and move forward in anticipation of good results.

We're on the move again. This time looking good to close above 12p.

paulo2,

it is kind of funny u ve got so much positive vibes on this on? i also observed the same on your postings in advfn. are u also tandmeister on iii?

I can only assume there's a point to be made somewhere in there. Perhaps you'd like to explain yourself.

"it is kind of funny u ve got so much positive vibes on this on?"

i think it speaks for itself

From the other place. Worth a read.

mdchand - 14 Nov'05 - 10:46 - 15026 of 15059


Arbuthnot Broker Note - 11th November 2005
Gaming Corporation (GMC.L)
Strong Buy

Finals
November Tuesday Venue: TBC

Price 12p Mkt cap 33m FTA Leisure, Ent and Hotels 22

Strong niche position in a fast growing market We are hoping for an update on the integration of Gambling.com which it acquired earlier in the year the last comments from the group was that the business was exceeding expectations. The company will also have a few more months of mobile gaming business under its belt. Expectations were for 2,500 registered customers during the initial soft launch, although we believe that the company should be achieving significantly more than this figure. GMC has also been in talks with a number of other mobile companies based in Western Europe so we would anticipate more deals similar to the Orange contract over the next year. The group has also just launched its online poker sites.

We have a Strong Buy recommendation on Gaming Corporation and 21p target price
We expect 2005 to be the first time the company moves into profits we estimate 0.6m. Thereafter, we forecast profits of 3.1m, so there is a steep profit progression curve providing the company can continue to generate high levels of visitors through its portals and through its own casino and gambling products. On 2006 estimates, the shares look undervalued on a P/E rating of just over 12.5x. The company is in a strong position if consolidation picks up in the sector.

Let's spell it out for you. Y-o-u a-r-e obviously trying to make some pont about GMC, but you must appreciate that as you seem to have some trouble speaking English, other people have trouble working out what you are trying to say.

For the love of god. The sells keep on coming and frustration is taking over. Lucky, the results are out next week because I would have sold by now.