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.

Fom advfn - sabretooth
I am a buyer at these levels. Re-entering after selling at 9's back in July. There was a big gaming stocks write up in shares mag yesterday. GMC got 4.5 stars out of 5 on the back of its business model and limited US exposure. It was one of the highest rated of all the gaming stocks. Those with heavy US exposure recieved 2 out of 5. A blistering trading update will push us back over 10p. Good luck all.

derwent--- I hope he is right, I had a reasonable holding of GMC which this week I have added to significantly at a lower level.
2517

There is an update due first week in October. I hold over 300000 at an average 10p. I bought in on the back of a Canaccord recomendation and target price of 24p.

This is looking more promising, don't forget management were big buyers above the current price, and they hold a large slice of the co. which is always nice to see. Derwent I shall top slice my holding before 24p. Good luck all.
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I also brought at 11p, we need a nice trading update to lift the shares back to these levels, the signs are good in management buying, investment company holding 3%ish, and the interims last march, results out in november also. I think 7.5p is the lowest gmc goes unless more bad news from the US, lots of buys today for a change!

I bought at a little short of 12p. Hoping for uplift without too many more adverse gambling headlines of arrests etc. I remember buying and being given a target price of 18p. I will certainly hang in there and await Nov results.

The teather and greenwood note a few months ago gave a target of 16p by next year. They base their forecasts on the search engine and portals only

Basically they think the casino is being wound down and the mobile gambling is unlikely to be promoted by Orange and Vodafone until the ligistlation is sorted out. I wonder when the uk gambling bill coming up with licences for UK companies. Hopefully gmc will be succesful in getting one.

I think the management have been smart early reducing the casino games and sticking to advertising. all mangement purchased more on 24 july, is there a rule were management have to buy shares 2/3 months before a trading update? i have noticed a 1/8p share price lately rather than 1/4p

Somebody doesn't like them
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no they didn't 4.5 million shares all sold together that could turn out to be a big mistake if and when good news comes as to results this year. more warrent issued 1million for the directors?

i have just looked at the share sales the last few days 3 million shares sold on 28/09/06 and 8.4million sold on 29/09/06. on june 6th the directors took up warrents of 11.5 million shares these were similar to the numbers just been sold, if they have sold these shares an annoucement should be due on monday, is this just a bad sign or just directors taking profits what was the grant price?

over dramatic drop considering they have no U.S exposure?!

Yeh.. pants isn't it !
Good buying opportunity I think. Same for LNG...

what about the us advistors paying gmc?! for website useage!

GMC have now decided to advertise Poker.casino.co.uk on gambling.com - it is the 3rd in a list of 87. Aimed at the North American market as it is all in dollars.
http://casino.gambling.com/Poker/SearchResults.cfm?SID=1

See Herald Investment have been building a stake.

seems a bit of a shame to be selling the mobile gaming business...i thought that was a good thing!

http://www.investegate.co.uk/imarticle.aspx?iid=351047

Gaming Corporation (GMC) reported a 400% rise in pre-tax profit and realised net cash of 5.2m for the 12 months to 30 September 2006 as the firm confirmed its plans to ditch its online and mobile gaming business.

Shares in the London-based firm, which is proposing to change its name to Media Corporation as it restructures to broaden its advertising appeal, soared 20% to trade at 6p by 3.40pm. Management said the name change would reflect that "the group generates its entire operating profit from its portals and advertising businesses".

The company added that changes in US regulations would be positive for the valuation of both Casino.co.uk and the company's mobile gaming business since these have no US customers and derive more than 95% of their revenues from the UK market. "It is anticipated the sale proceeds could be significant and would enable the company to accelerate the growth of the media and advertising business further," said chief executive Justin Drummond.

Mark Reed, a leisure analyst at Teather & Greenwood, put today's share spike down to investors possibly realising the stock had been massively sold off after the introduction of damaging US gaming laws. "With cash on the balance sheet of 5m, an enterprise value of 10m and pre-tax profit of 2.5m for the year, it's on a pretty cheap multiple," he added.

"The other point is it's looking to sell its gaming business and focus on the portals, which historically make all the money and the company has hinted it could be possible to sell its gaming business for the enterprise value of the firm. That's the big hope."

As the company does not currently pay tax and has low capital expenditure, Reed also noted most of the 2.5m profit would be converted to cash. He has rated the stock a Buy, but added: "It is a very small stock - even smaller after its market cap was halved in the last six months to 15m - and it is too early to say how much it could realise from the gaming business."

Alison Swersky, staff writer, Bloomberg Money

derwent-------thanks for that, very interesting and positive article some buying going on now let's hope it continues T&G analyst sounding quite upbeat, I'm sitting on a loss atm but things looking better now.
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I think the name change and the refocusing of the company by selling the mobile gambling is a 1st class move. It will now have a broader base not just gaming and a new web site as well. This has been worked on for months. It just goes to show the directors had there hands on the pluse all the time. Well done to them. Just look at the buying going on.

MS