||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Real-Time news about Cryptologic (London Stock Exchange): 0 recent articles
|chelseagirl: CryptoLogic has had a good start to 2006, racking up gains of 32p to today's 1170p. Although CRP is well off its high of 1950p, last seen in mid `05. Nevertheless, the shares remain ahead of our 790p inaugural feature. Renewed confidence appears to be evident amongst investors within the on-line gaming sector, which had been damaged with the float of PartyGaming, and Gaming Corporation business model called in to question, a more direct problem to CRP, was news in August `05 that Betfair was considering leaving its poker network, this wiped 24.75% off the share price at the time, on what can only be described as meagre volumes - just 34, 478.
CRP, have been steadily plugging away, as today's announcement highlights nicely. CRP has extended it association with UKbetting PLC, (another Lemming Investor feature) Europe's largest online sports content network extends exclusive poker contract to 2009; casino contract to 2008.
For a more in-depth feature on CRP and Blue Star visit http://www.lemminginvestor.com|
|wiganer: Went long today. Share price seems to have bottomed out, and management seem to be recognising the need to turn things a bit. Have 1500p as a medium-term target.|
|brownie69: Anyone any theories behind todays share price fall. Making this look cheap after recent decent results to me, but would like to understand background to this fall first.|
|m.t.glass: This from an Indian website (keralanext.com news)
(I presume they are referring to the Canadian dollar?)
Home > News > Technology
Technology ; Paradigm Starts Cryptologic at 'Buy':
3 Hour,43 minutes Ago
[Technology News] TORONTO, Paradigm Capital Inc. said on Monday it would start coverage of Cryptologic Inc. with a "buy" rating and a $38 share price target, saying the company is primed to cash in on the burgeoning online gambling market.
Paradigm analyst Gabriel Leung said Cryptologic, which makes Internet gambling software, has a top-tier customer base, and is at the forefront of promoting regulation of online gambling.
Although U.S. legislative uncertainty surrounding online gambling is an overhang, positive developments, including the recently enacted UK Gambling Act, should give a big boost to the credibility of the online gambling industry, Leung said.
"We believe the company is well positioned to capitalize on the growth opportunities in the online gambling market," Leung wrote in a note to clients.
Leung said he sees Cryptologic gaining market share and that it is a potential buyer in a consolidating industry.
Analysts consider the online gambling sector one of the success stories of the Internet.
Shares of Toronto-based Cryptologic have almost doubled in the last year as the company rakes in higher fees from its online poker licenses and growing demand for new slot and jackpot games in its core casino business.
Its shares were 33 cents, or 1.13 percent, higher at $29.50 on Monday morning on Nasdaq, and up 64 Canadian cents at C$36.90 on the Toronto Stock Exchange. But in London, its shares closed down 3.6 percent as Britain's top share index hit a 12-week low.|
|m.t.glass: Big jump in share price over there after UK closed. Put on a further 2.5 dollars.
If reflected here, markup Friday morning could see it fly from £16 to over £17.|
|bachman: Bought these at 950 after reading the lemming investor tip at 790. Wish i bought then. Anyone a view on the share price.
|m.t.glass: The share price has doubled in the last 4 months..
"..Cryptologic shares were very much in demand, up 155p at £16.25 following a positive note on the gambling software firm by house broker Bridgewell earlier in the week..." (The Guardian, Sat 26 Feb)
and some other recent coverage:
Analyst Julian Toley argued NETeller's market rating (16 times forward earnings) was too low for a business that is in effect a geared play on the booming online gaming market. Investors looking for another way to play the online gaming market could do worse than look at Cryptologic, a Canadian company that designs software to power online gambling sites. Until yesterday it had been difficult, if not impossible, to trade its shares in London. However, Bridgewell Securities has placed 1m shares - 7.6% of the company - with UK institutions on behalf of two pre-flotation backers. The shares rose 50p to £12.80 and should now be rather more liquid in London. (The Guardian 29 Jan 2005)
18/02/05 - CryptoLogic Inc. Placing of Shares
Bridgewell is pleased to announce it has placed approximately £16m of CryptoLogic Inc. shares on behalf of founder shareholders with UK institutional investors representing approximately 9% of the issued share capital. CryptoLogic Inc., listed in Toronto, New York and London, and capitalised at approximately £180m is one of the leading global providers of software for the online casino gaming industry. This placing represented the first significant placing of stock with UK-based investors by Cryptologic and follows Bridgewell's appointment as CryptoLogic's retained broker and financial adviser in December 2004
Cryptologic, the online gaming software group, advanced 105p to £14.50 after full-year results smashed expectations and analysts increased their earnings forecasts.
(The Guardian, Sat 19 Feb)
CryptoLogic's revenues up 33% in fourth-quarter
OnlineCasino.org | 21.02.2005 | 10:59:04 | Views: | Casino News
The online gambling company CryptoLogic's revenues are up 33% in fourth-quarter. According to the National Post Cryptologic's revenues are up 33% and profit up 25%.
"Cryptologic saw the large, untapped market opportunity of online poker and we leveraged our reputation for innovation and strong brand-name licensees to establish a very significant position in online poker, Lewis Rose, CryptoLogic's president and CEO, told a conference call."
"The Toronto-based online gambling company, which reports its results in U.S. dollars, said it made $3.8 million, or 27 cents per share, in the three-month period ended Dec. 31. CryptoLogic (TSX:CRY) made $3 million, or 23 cents per share, in the same 2003 period."
"After the announcement, shares in Cryptologic rose $3.16, or 10.2 per cent, to $34.26 on the Toronto Stock Exchange."
"For all of 2004, the company made $13.7 million, or $1.01 per share. It made $9.4 million, or 75 cents per share, in 2003."
"Annual revenue increased to $63.7 million from $44.2 million."
this from gamblingpress.com (not sure if link will remain live or move to some other story) (in which case click 'home' in the top right menu then search) http://www.gamblingpress.com/archive/2005/02/0718-cryptologic-profits.htm|
Most serious gamblers now use online gaming portals to bet on the roulette wheel or the blackjack table, rather than a traditional casino. One of the companies which is benefiting from this boom is Cryptologic. It provides software products used to create virtual casinos, poker rooms and bingo halls.
Cryptologic, which is listed in London and on Nasdaq, has seen it share price rise from 550p in October to 825p on Friday. In May, the group reported an impressive 70 per cent rise in first quarter revenues and doubling of earnings. Analysts at Bridgewell, the stockbroker, recently put a fair value on the shares 1,040p. Buy.|
|brummy_git: Any ideas for the recent surge in the share price? Potentially a precursor to the release of great Q4 results on 26th Feb, or just maybe a predator could be sniffing around eg Boss Media or Microgaming?|
Cryptologic share price data is direct from the London Stock Exchange