Gameaccount Share Discussion Threads

[fillipe] 08/9/2014 12:13

I've taken some this morning ..... thinking the time's about right. The last comment on GAME from the SCSW mag was Feb 2014, I think. From memory I feel they always said that things would lift beyond 2014.

gla

f

[nurdin] 31/8/2014 14:53

I would be happy if it gets past 100p in the first instance lol. I am down 43% on my purchase..have clung on, however ,in the hope that the the potential will be realised in the end.

Things seem to have gone very quiet here

[rivaldo] 15/8/2014 11:56

Canaccord increase their price target to 270p from 250p:



"GameAccount Network PLC Given New GBX 270 Price Target at Canaccord Genuity (GAME)
Publish date: Thu, 14 Aug 04:52 |

Equities research analysts at Canaccord Genuity boosted their price target on shares of GameAccount Network PLC (LON:GAME) from GBX 250 ($4.19) to GBX 270 ($4.53) in a research note issued to investors on Thursday. The firm currently has a "buy" rating on the stock."

[someuwin] 08/8/2014 19:38

From The Times today...

"Britain's online gaming companies were disappointed after one of America's biggest and riches states kicked legislation to legalise poker over the internet into the long grass.

California's state legislature has failed thus far to broker an agreement between all interested parties, notably the Native American tribes.

Time has run out in this legislative session. Putting the likely timetable back by a year.

...

New Jersey has already opened its doors to online gaming. However, in spite of a prediction by Chris Christie, its governor, of revenues of as much as $1 billion a year, it has made a slow start.

California was regarded as the kicker to the US ambitions of London's online gaming companies."

[phowdo] 31/7/2014 21:06

There is a new holder - Seawolf Capital LLC. A hedge fund formed by former associates of Steve Eisman. They seem to have amassed over 4% the majority of which is a CFD. The filing is awfully late though - they took their position in April and May.
Wonder who they bought their position from? Blackrock?

Shareprice weak again. Volumes are tiny but its mainly selling.
Delays in US legislation obviously having an impact on sentiment.
If it gets much cheaper I imagine a US casino operator with an eye on the future could make a cheeky bid. Their technology is very good and they are not a "bad actor" unlike some of the other european software vendors.
Watching for now. I suspect games are being played...

[ciderboy] 31/7/2014 11:30

15 million ipo approx, by full results 17 million approx.

[john09] 31/7/2014 10:08

From the IPO rather than cash generated by operations though I presume?

[ciderboy] 31/7/2014 08:50

they also have approx 20 million cash.

[john09] 30/7/2014 16:45

Forecast EPS Are 2.7p this year and 6.5p next. Pricey still!

[john09] 30/7/2014 16:39

Moving down again?

[phowdo] 23/7/2014 09:31

Looks like 320k shares bought yesterday at 92p.
Possibly the end of the overhang?

[sherylchan] 22/7/2014 07:46

...but near impossible for investors to gage investment potential with lack of nos!

[rivaldo] 22/7/2014 07:40

Sheryl, the contract is material to GAME as it's a full RNS, not an RNSNON, so must be large.

Many RNS's don't contain numbers due to client confidentiality etc.

The good news is that US growth appears to be proceeding nicely.

[sherylchan] 22/7/2014 07:36

Rivaldo, my concern is that these contracts lack any financial nos?

[rivaldo] 22/7/2014 07:35

Another material contract win in the USA announced this morning will help towards this year's expectations:



"Parx Casino selects GameAccount for Simulated Gaming™ website in the US

Simulated Gaming™ to launch in 2014

London & Dublin | 22 July, 2014: GameAccount Network plc ("GameAccount Network" or the "Company"), a leading developer and supplier of enterprise-level B2B gaming software and online gaming content, announces a partnership with Parx Casino ('Parx') to launch a Simulated Gaming™ online experience for new customers and existing patrons.

Parx Casino is owned by Greenwood Racing, Inc and comprises a major thoroughbred racetrack & casino property in Bensalem, Pennsylvania. Parx is the market leader in Pennsylvania with a 30% share of the five-property eastern Pennsylvania casino market. It is expected that GameAccount Network and Parx Casino will launch a Simulated Gaming™ website in the fourth quarter of 2014 subject to customary approvals.

Highlights
• Parx Casino is the leading casino property in Pennsylvania with a 30% share of the five-property eastern Pennsylvania casino market.
• Partnership is further validation of the GameAccount model of launching Simulated Gaming™ ahead of regulation of real-money gaming in select US states.
• The Pennsylvania legislature has engaged in discussions about Internet gaming and proposed legislation that would authorize Internet gaming has been introduced.
• GameSTACK™ Internet Gaming System will be deployed on-property at Parx for Simulated Gaming™ enabling an immediate upgrade to real-money Internet gaming upon passage of the required legislation.
• Parx' patrons will be able to use their rewards cards to engage online playing recognisable US Class III casino slots translated online by GameAccount Network.
• Simulated Gaming™ enables land-based US casinos to tap into the Social Casino market worth an estimated $1bn per annum in the US in 2013.

Dermot Smurfit, CEO of GameAccount Network commented:

"2014 saw the launch of Simulated Gaming™ in the United States and Parx' selection of our unique Internet gaming service is further validation of the monetisation model, the underlying strength of our regulation-ready Internet Gaming System, the promotional capabilities of our back office and relevant appeal of our widening gaming portfolio. We are delighted to have been chosen as the iGaming platform provider by one of the leading Management Teams in the United States' casino Industry."

"We continue to deliver on the objectives set out at the time of our listing in November 2013 and partner with leading US casino brands to bring an iGaming experience to US consumers. Whether through Simulated Gaming™ or through regulated real-money gaming, we continue to expand our portfolio of games, grow our customer base and are confident in the prospects for our business."

John Dixon, CTO of Greenwood Entertainment & Racing, Inc commented:

"GameAccount has demonstrated its Regulated Gaming capability in New Jersey and the merits of Simulated Gaming when integrated with a casino management system. By deploying their system on-property Parx Casino will have the opportunity to launch Simulated Gaming nationwide before year's end and be well prepared in the event regulation of real money Internet gaming emerges in the State of Pennsylvania."

Parx Casino Partnership

Parx Casino is the leading casino property in Pennsylvania operating over 3,200 machine slots and 150 table games which generated US$478m in gaming revenues in FY 2013/2014 ending June 2014 representing a reported 30% share of the five-property eastern Pennsylvania casino market.

etc"

[rivaldo] 09/7/2014 08:50

Here's a new interview with the CEO (Sheryl, US legislation is going through state by state at present, though read the following interview):



"Industry Insider: Interview with GameAccount Network CEO
Posted on July 8, 2014
GameAccount Network CEO Dermot Smurfit

The English supplier of gaming software and content GameAccount Network is now providing operators with a choice of slot machines from some of the industry's leading games creators, including major names like IGT, Bally, SHFL, Aristocrat, NetEnt, Ainsworth, SG Gaming and now also Novomatic, building up a very impressive portfolio of over 200 slots.

We have published our review of GameAccount nearly six months ago, but many announcements have been made since, and it's quite time to get some fresh insight into what is happening in the company. Dermot Smurfit GameAccount Chief Executive Officer, has been kind enough to answer the questions asked by our Italian editor Romeo; and as you will see the company has a very clear vision of where the eGaming market is heading.

VegasMaster: The last months have witnessed some important developments at GameAccount: the company has been in the news several times with quite impressive announcements. What is the company's vision and objectives behind such an active stance in the market?

Game Account Network has a heritage in skill gaming which goes back over a decade: in June we won another award for our skill games. But in addition to this, Game Account has developed into a very powerful, innovative force in the eGaming industry. We gained a New Jersey license in 2013 which allowed us to be present in that market on day one where we power BetfairCasino.com. Our Simulated Gaming product is a best of breed innovation and we have recently announced some important business wins with two significant land based casino operators in the US.

As we have clearly demonstrated over the last 12 months or so, content is absolutely king for us. We have successfully partnered with the markets' most prominent land based slot manufacturers, and we are continuously adding more relevant content to this portfolio. This makes it possible for us to offer a customised product portfolio to fit our clients' needs, regardless if they are searching for a provider for Simulated or fully monetised eGaming solutions. This also means that we are the company of choice for a large variety of games developers who want to get their content into the online space in a cost efficient and timely manner.

etc"

[sherylchan] 08/7/2014 15:14

Thanks Rivaldo, reckon sentiment dented no doubt due to upcoming US elections which will delay any gambling bill till next year at very least ?

[iandippie] 07/7/2014 12:23

I question why founder/early investors are selling at loss to the IPO price.

Sometimes there is fire with the smoke.

I asked myself would I buy into this stock now, with the hindsight of the unsupported slide in the price. The answer is no. Hence by default, that makes me a seller and hence I am out. I wish holder's luck, but I don't have the stomach for this one.

[sherylchan] 07/7/2014 11:00

Thanks Rivaldo, what's yr view on game? Worth accumulating at this pr?

[rivaldo] 07/7/2014 10:57

Tiny volumes as usual - as phowdo says, looks like founder/early investors have been selling.

GAME had almost £17m cash at the year end, against the current £50m m/cap.

[iandippie] 07/7/2014 09:38

blx. sold up and removed from watch list. good riddance.