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.

Yes he has. Interims out soon.

MS

bought back a chunk today--hope there's good news soon!!

Bought more a few days ago so upwards and onwards. Got to get going soon

MS

Mention in business on line - target 24p in 12 months.
/www.thebusinessonline.com/Stories.aspx?StoryId=2D6E19C6-CAF4-4734-B2CB-9266FF706E6D&page=0

After the tip over the weekend - here come the buyers

From the other side. Up nearly 10% today. Lets hope we can hold on to the gains.

snaptastic - 24 Apr'06 - 08:08 - 19173 of 19195


http://www.thebusinessonline.com/Stories.aspx?Aim%20Investor&StoryID=2D6E19C6-CAF4-4734-B2CB-9266FF706E6D&SectionID=9A21BE85-0186-496A-9DFF-7C2F0883CFC3

GAMING stocks may not be as hot as they were last summer but Gaming Corporation is, at 10.5p, genuinely cheap on fundamentals. Its shares should rise whether the market falls in love with gaming stocks again or not.

Not only does this gaming marketing specialist have great growth prospects in a number of areas, but it is also a highly cash generative business with a cracking balance sheet to boot. Gaming Corporation squeezes the cash out from every possible avenue. Aside from running its own profitable online casino operation, it draws considerable revenues from pay-per-click, white label offerings, online poker, skill gaming and online marketing. A mobile gaming division with Orange as its main customer is another feather in a cap where revenue and profit growth are key. Stripping out the cash, the shares are trading on a current year earnings multiple of just 9.1, falling to 5.8. For a growth stock that is far too low.

Gaming Corporations speciality is in the acquisition of online gaming customers. The company maintains an impressive portfolio of easily recognisable internet domain names and its web portals therefore occupy attractive internet real estate. With no barriers to entry, there is no shortage of gaming operators queuing up to post banners and web links on the Gaming Corporations various web portals, paying an average of 2.50 per click-through.

The financials are far from unimpressive. For the year to 30 September 2005, the company reported pre-tax profits of 700,000 on revenues of 19m. Earnings of 0.2p per share were reported. For the current year I expect to see pre-tax profits of 3.7m, which should equate to earnings of circa 1p per share. This will grow to around 1.6p for 2007. But the reality is that Gaming Corporation could do much better. Its unique strategy of extracting every possible penny out of punters, gaming firms and any other avenue will see it continue to deliver exciting levels of growth.

This is a business with a solid balance sheet, supported by cash of around 4m and a host of highly cash-generative enterprises. Attaching a forward price earnings of 15 does not go nearly far enough to fully discount the remarkable opportunity that this business has for continued revenue and profits growth. Strip out the cash and the shares trade on a current year enterprise to earnings multiple of 9.1, falling to 5.7. At 10.5p, the shares are a buy with a 12-month price target of 24p.

great to have some positive news after such a long time-results soon?

mickey have you looked at BTX? it's doing well but I'm in as I feel it's got a long way to rise-early days yet.

I does look like their could be some more upside....unlikley to return to the 10p level in the short term imo
Very strong support down there

the coming break of 12p will make it more highprofile
then volumes should pick up a bit

This really has picked up the last couple of days on the back some good news flow.
Mickey is the wife still holding these?

Yes she is but still a long way to go to put a smile on her face, and mine. Good news today and with the interims out soon I think we are at long last on our way. I think broker forecast is 21-25 in 12 months.

LOL
MS

I don`t think i will be hanging around in these to much longer even though i do believe in the prospects of GMC. The wife wants to go abroad on holiday so i have got to release some funds from somewhere,i`m sure she thinks i`ve got a bloody money tree a the bottom of the garden!!
DB66

Me and my big mouth,Yarmouth here we come.

This is such a frustrating share to hold. Tree shake me thinks. Don't you just luv those MM's.

MS

I've watched these for a while but got in today just below 12p, I know they're mainly casino's but not sure about any possible benefit (if any) from the world cup or the relaxing of gambling regs. in USA.
2517

This was posted on the other side, a good read. Some people on other boards are starting to doubt the ability of the Directors to deliver shareholder value, but are good at giving bonuses to them selves. Don't know about that one but this share on fundamentals is under valued. I value it at on the last set of figures at 14-16p. Wait for the 23rd when interims are out.

Bengo - 8 May'06 - 16:06 - 19528 of 19544


I agree moneymaker - 13:00 - 19526
There is too much gloom on site and so I have extracted some more information from within the report mentioned in my last post, to supplement it and hopefully lift some spirits.

Online gambling is probably illegal in the US. However, in GMCs management's own words "Gaming Corp has a lower regulatory risk compared to many of our competitors as we do not target US customers with our own casino operation. Our gaming portal business falls outside the contentious US regulatory framework as it is essentially a media and advertising business

Along with growing advertising revenues, Gambling .com is also benefiting from offering its excellent search technology to other 3rd party online gambling portals. These portals benefit by being able to provide search facilities to their customers. Both parties split the cost per click advertising revenues. It's a win-win situation.

Other gambling portals could eat into Gaming Corp's strong niche position, but barriers to entry, such as uniqueness of domain name, brand strength, liquidity, marketing capability and affiliate networks, are surprisingly strong and provide protection from copycat sites.

In the unlikely event management did not deliver, and they have an excellent track record, then someone else would surely be interested in their highly desirable assets. With the competitive landscape set to intensify, the strategic value of GMC's assets will become more important and a takeover of Gaming Corp is a distinct possibility within the next 2 years.

In last week's Budget, Gordon Brown announced that from 1st August, Fixed Odds Betting Terminals would be taxed at 1,965 per year, per machine on top of VAT. Bad news for the bookmakers, but could be beneficial to online gambling. Additionally the introduction of a blanket smoking ban in all betting shops, if implemented, could also lead to a migration of players from betting shops to online gambling.

Gaming Corporation is a growth company that is valued like a bog standard utility and with customer acquisition costs and player attrition rates rising; this competitive environment plays perfectly into Gaming Corporation's already strong hand.

It is not hard to envisage a large foreign operator acquiring GMC in order to gain an access into the deregulated UK market and at only 37.3m @ 12.5 ps this would be nothing to one of the large companies. Under the new IFRS accounting rules, goodwill is not now amortized through the P&L, thus making any acquisition of GMC earnings neutral in the first year at a takeover price of up to 20p/share (assuming a 5% cost of borrowing).

With the financials already very firmly underpinning the share price, the company's other valuable assets are effectively free. These include its market-leading contract with Orange for the supply of mobile casino games, its new skill gaming portal and if the UK Gambling Commission decides that all licensed operators need a URL with a .co.uk suffix (not yet confirmed), we can expect the www.casino.co.uk domain name to become even more valuable. Moreover once regulated, large international operators (e.g. MGM) may well wish to expand into the UK, and hence aggressively advertise their new online operations.

When GMC release their results on 23rd May management should at least reiterate their confidence in achieving the EPS targets of approx 1p in 2006, this would value the shares on a forward P/E of 10-11, and there is every chance that these expectations will be exceeded.

This next week is bound to be a bit dodgy after the latest rise but should steady out and climb next week onwards into the results.
Chins up boys and girls.

VODAFONE!!!!!!!!!!!!!!!!!!!!!!!!


If you're gonna sign a mobile deal, then do it with the biggest!

Think I'll change my ringtone today - Here we go, here we go, here we go.
Did wonder about my purchase at 11.95p but maybe should have bought more on this weeks drop, never mind!!

Great at last some movement...that's twice in two weeks....could this be a good rally upwards? Like others I cannot see why GMC hasn't gone up...perhaps our patience will now be rewarded as the potentail is huge :-)
Di

This has cheered me up this morning,the dilema is do i sell given it usually falls back again ,or this time will we hold onto the gains?