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.

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?

well Doughboy...if like me you have held for ages and the reasons why you bought are still there then hold I say. For me GMC looks better now than when I bought so I am definitely holding especially as GMC is one of the few shares I hold not in resources...I need to spread my risk a bit at least.
DYOR etc.
Di

Up at last. Remember results out on the 23rd. If they are good and it looks as if they will be then we could see another climb. Broker forcast 21-24p by the end of the year. Who said the Drummonds don't know what they're doing. Now if the Directors buy, well who knows. Stick with it people and you will get your reward for being patience.

LOL
MS

From the other side. Looking good but lets hope we can hold on to the gains. Not sure if it's over cooked. Of course not keep going.

Die Groot Krokodil - 10 May'06 - 08:52 - 19619 of 19641


TDW have give this a 21p 10 day target but will not let me buy any decent amount online. :-(

From the other side. 12 month target of 25p.


mdchand - 10 May'06 - 17:06 - 19730 of 19794


updated broker note from cannacord

Technology -- Internet Gaming

Vodafone goes Live!

Event
Gaming Corporation announced it has signed a contract with Vodafone UK to launch its fully interactive mobile casino on Vodafone Live! The service is expected to launch within the next month. We are also expecting Gaming Corporation to launch its Ongame mobile poker.

Impact
The announcement vindicates management, which had intended to have the contract signed at the beginning of the year. It also demonstrates that the company is building traction around its mobile product and creates greater confidence around our current revenue forecasts. The company is already seeing good early indications from its existing contract with Orange UK which currently has 10,000 registered users and has experienced lifetime player revenues as high as 300 on the 15% of customers which have converted to cash play. The mobile gaming market is still in an early stage of development; however, these developments show that the company is effectively positioning itself to benefit from future growth in mobile gaming in the UK and Europe.

Valuation
We are maintaining our BUY recommendation and 12-month price target of 25.00p based on our three-stage DCF model, which incorporates a 10.7% long-term CAGR and a terminal growth rate of 2.5%, discounted using a WACC of 11.1% based on a beta of 1.21. The stock is currently trading at a F06E calendarised PE of 10.6 times, which is a discount to the peer group of gaming operators, which is trading at a F06E PE of 14.7 times.

Investment risks
Risks include continued US regulatory uncertainty relating to financial transactions and advertising in the Internet gaming space. We also believe that the companys strategy of new product additions and corporate acquisitions may also create risks for the company.

Looks good to me. Interims out on the 23rd.

LOL
MS

I do not generally post on here but thought this important for your attention for those that do not visit either ADVFN or iii (interactive investor).So i paste it here now


presneill31 - 12 May'06 - 17:18 - 19899 of 19900 edit


From Justin Drummond earlier......................

Hi Alan,



I noticed that you are active on the ADVFN chat room and just wanted to clarify a couple of points that seems to be confusing some people:



1. The 2 Million share options were exercised by Charles Black an ex Director of Gaming Corp. He currently has no intention of selling these for the next 2 years.

2. The Directors of Gaming Corp have effectively been in a closed period for several months as a result of the Vodafone deal and have therefore not been able to buy shares in the Company



I hope this is helpful,



Justin

This is genuine from Justin and i then sent a reply back to him.

Hi Justin

Thanks for your prompt reply

I am glad you keep tabs on things regarding ADVFN (i also post on iii (interactive investor) both under the presneill31 name.I did post the other day regarding the fact that if it was the 2 million that had just been granted ,then they could not be sold on the market ,probably for 2-3 years at least,and that the 2 million were merely admitted on the 10th May.
I am sure much of what we speculate makes you laugh or grind your teeth in wanting us to get our facts right,but that is just the typical PI who being the last to know is "blind" for much of the time as to what is really going on.
It is true that we do look to director buying as a good sign for the future,but realise that you have mortgages just like us (and the odd Ferrari to look after !!!)

I was slightly stunned as to your reply 11 months after my initial email when the market was very uncertain and is still rather sceptical of the sector,but i am aware of how many emails you get from investors alone wanting to put their view.

I will of course paste your reply on the ADVFN bb and iii board for other investors to learn the "facts".If you wish to email me to pass on any thoughts or errors that we make in the future ,i will be happy to do so.

I will not trouble to ask you anything regarding the company as i know very well that you are unable to say anything,suffice to say i look forward to the results and the forward statement,and congratulate you on the vodaphone contract,also not forgetting gambling.com ,eyeconomy and the casino sites,which by all accounts are doing very well.

I thank you for your time in replying,and wish you well for the results and beyond.

Best wishes

Alan

PS The only question i have to ask is .The institutions that bought in @14 do you have contact with them and have they been concerned over the sp or was it a long term investment from the start with them.

Nice one presneill. It's a bagger from here at least. A tie up with Vodaphone and Orange with maybe one more in the pipe line. Broker forcast has been increased to 25p. We could see 20p within the next 7 days. If that's the case that will put a smile on the wife's face and with any luck one on mine. This is no longer blue sky the fundamentals and cash flow are there. The results will show this.

LOL
MS

Well not long now,results Tuesday .

Good write up from Growth Company Investor.

Recommendations
Gaming Corporation - SPECULATIVE BUY
Companies: GMC
18/05/2006

Despite the perception that the growth rates in the online gaming world have slowed, Gaming Corporation's broker Canaccord Adams still believes that this gaming tiddler will be able to show revenue growth of over 450% in the four years to September 2008.

Gaming Corp operates gambling.com, a 10m acquisition and apparently the world's leading gaming search engine. This website receives money when users search for particular internet sites and 'click through' to them when their search is complete. Advertisers basically pay to receive higher rankings in the search results. It has about 500 websites linking to it and a database of 200,000 members.

Gaming Corp's other interests include casino.com, a gaming portal (income is generate each time a user clicks on an advertising banner), and various mobile gaming interests with Orange and Vodafone. It also operates its own online casino.

Net revenues (gross revenues minus player wins) in the year to September 2005 hit 3.6m, with pre-tax profits tumbling in at 445,000 and earnings per share jumping to 0.19p. For this year, its broker reckons profits will hit 3.19m, jumping to 6.3m for 2007 and 7.5m in 2008. Net revenues are expected to more than double to 8.2m in 2006 and leap to 16.7m by 2008.

On expected diluted EPS of 0.93p for 2006, the group is trading on a forward p/e of 13 for this year. This is not expensive, especially when one considers the rate of growth expected here, but this is a fast changing and volatile sector and Gaming Corp is one of the smallest listed players. Speculative buy.

Leslie Copeland
Market cap: 34.01m
PE Forecast: 13
Share price: 12.25p

The Dow is up as i write this so hopefully we have reached the bottom ?
Results tomorrow and i have no doubt that GMC will be blue but by how much?

Wrong as usual !
Are you still in Mickey or still in a state of shock from the last few days on the markets?

Still a bit dazed DB. Yes I'm still in and increased my holding. This is a 12 month play + in my view. It is generating cash and in profit and with new deals coming on stream. The company is moving forward albeit not as fast as we would like. Patience certainly is a virtue.

LOL
MS

Taken from another board.


Cannacord's take on today's results.

Technology -- Internet Gaming

Interim Results: Stellar Growth, strong cash flows

Event
Gaming Corporation has released its H1/06 interim results. The company reported stellar growth with net revenue (after player wins) up 131.7% Y/Y to 2.9 million, while gross profit was up 214.6% Y/Y to 2.3 million. Management stated that the strong performance is an endorsement of its strategy of focusing on its highly profitable portal and search engine operations as the companys online advertising product contributed all of its 1.3 million H1/06 net profit. Gaming Corporation also reported strong positive operating cash flows of 1.1 million, up from 0.5 million in H2/05 and a healthy 3.9 million cash balance.

Impact
We are maintaining our EBIT estimates for the full year and raising our F06 EPS 14.0% to 1.06p from 0.93p, as we no longer expect the company to begin paying tax in 2006. Gaming Corporation has significantly changed its product mix, focusing strongly on its advertising product and away from its casino offering. As a result we are altering our net revenue, gross profit and our selling and distribution costs expectations to bring them in line with the shift in product mix. We are also increasing our full year cash balance forecast 60% to 5.6 million from 3.5million.

Valuation
We still believe that Gaming Corporation is significantly undervalued and are maintaining our BUY recommendation and 12-month price target of 25p based on our three-stage DCF model, which incorporates a 10.0% long-term CAGR (2008-2015) and a terminal growth rate of 2.5%, discounted using a WACC of 11.1% based on a beta of 1.21.

At least this shows they have confidence in the future of GMC.


Gaming Corp chairman, CEO, CFO, buy shares in co

LONDON (AFX) - Gaming Corporation plc said that directors Jason Drummond,
Justin Drummond and Paul Tuson told it that they bought shares in the company
yesterday.
Chairman Jason Drummond bought 428,000 shares, or 0.16 pct of the capital,
at 11.71 pence per share. This raises his holding to 12,707,618 shares or 4.60
pct of the capital.
Chief executive officer Justin Drummond bought 172,000 shares or 0.06 pct of
the capital, likewise at 11.71 pence per share. His holding has risen to 422,000
shares, or 0.15 pct of the capital.
Finance director Paul Tuson acquired 170,000 shares, or 0.06 pct of the
capital, at 11.50 pence per share. He did not hold shares in Gaming Corp before
that. Tuson was appointed finance director last month.
newsdesk@afxnews.com
jsa

Nice to see the Directors dipping their toes in the water. I'm also pleased to see I bought cheaper. It's looking good but patience is still required.

LOL
MS

Your right about patience Mickey in these market conditions,i think i will keep away from the computer for a while and hope for a turnaround in market sentiment.

Nice 1,250,000 buy went through at the end.