Gameaccount Share Discussion Threads

[nurdin] 28/3/2015 10:22

I dont understand the price action on Friday...hardly any volume and there were two price monitoring extensions towards the end.Odd to say the least.

[nurdin] 27/3/2015 21:38

ummm....why are you expecting it to go down? I thought todays news was very positive...

[jon123] 27/3/2015 20:09

jez i should be a shorter lol

[jon123] 27/3/2015 07:14

another rns mmm how much will it go down today lol

[rivaldo] 23/3/2015 13:43

Positive comment from Davy Stockbrokers:

hxxps://www.davy.ie/research/public/article.htm?id=Davy_Morning_Equity_Briefing_23032015_moneBLinkS0008C0001Cmp.htm

"GameAccount Network

Announces second simulated gaming deal in a matter of weeks; confirms trading is in line with expectations

March 23 2015 Morning briefing 1 page(s)
GameAccount Network

DAVY VIEW
This is an encouraging statement from GameAccount. The announcement of a further simulated gaming deal is another step towards “filling out the map” in the US as the group looks to partner with leading land-based casinos there. Overall trading is said to be in line with expectations."

[trentendboy] 23/3/2015 09:58

They need to learn how to put out a proper RNS. Poor marketing.

But, the update is reassuring but not spectacular. Does show though that the "model works" so it is tempting to buy more now ahead of more states opening.

As I have said many times this is simply a US regulation play. It is a long road but the gains are potentially massive and GAME have certainly signed up a lot of the big boys in the casino world

[rivaldo] 23/3/2015 08:48

Certainly sounds encouraging overall, with a confident outlook and another simulated gaming contract win in the USA, only two weeks after the last such win:

"In March 2015 an additional undisclosed US casino operator of material size chose GameAccount Network’s Simulated Gaming™ launching in 2015."

Also looks like system sales are still on the table:

"Discussions with a number of parties regarding system sale(s) are continuing and an announcement will be made as and when appropriate."

2014 results on April 16th will no doubt be pretty poor, but hopefully that's well and truly priced in at this level.

[jon123] 23/3/2015 07:16

i take it that rns was a trading update then

steady as u go by the sounds of things but it does need a system sale or 2 to push it along

[rivaldo] 09/3/2015 10:23

Encouraging RNS and contract win today. Davy seem rather keen - may well be a sweetener before the likely poor 2014 results are announced, but it's a rather good one if so:



"GameAccount Network

Announces significant simulated gaming deal in the US

March 9 2015 Morning briefing 1 page(s) Read Important Disclosures Sectors:

DAVY VIEW

This is an encouraging announcement from GameAccount. Unlike other land-based casinos that have signed up to its Simulated Gaming offering, ‘Maryland Live!’ already has a sizable online active customer base. In our GameAccount forecasts for 2015, we have assumed that each deal contributes approximately 2,500 daily active players. This deal could be worth 3-4x that figure. It is the seventh simulated gaming deal announced by the company since IPO."

[trentendboy] 18/2/2015 16:38

I have taken a long position today. Was going through the results again earlier this week and I suspect the results, which are expected to be bad, may actually surprise on the upside.

The share price would rise dramatically on any big contracts and rumours of further US opening. I think they are actually playing quite a clever game.

[fillipe] 18/2/2015 15:36

Maybe already been mentioned, but Davy 16-2-15 have 2015 eps at 8.4p.

f

[salpara111] 18/2/2015 11:53

Have had this on my watch list for some time but cant bring myself to buy until I see what the next set of results have in store which is still quite a while away.

[phowdo] 18/2/2015 09:22

Looking like a trend change on chart, that overhang of stock may all be gone now.
Maybe back to 70p area where the CEO bought some last year.

[rivaldo] 13/2/2015 13:38

Well, that's an interesting buy just reported - 250,000 shares at 55p.

With the ICE Totally Gaming exhibition concluded, let's see if it's followed with any news flow (apart from the expected poor 2014 results).

[rivaldo] 27/1/2015 13:46

GAME's £29m m/cap is backed up by its £14m cash pile, which will reduce at the year end but should still be pretty weighty. Rather a nice position to be in.

And if California or Pennsylvania - or anywhere else in the USA - come though then GAME will be in prime position.

Even without this, going forward it appears GAME's simulated gaming is starting to be extremely successful:



"GameAccount on the up with 135 billion virtual credits wagered in December
Posted by: Ted Menmuir
January 27, 2015

GameAccount Network, developer and supplier of enterprise-level B2B gaming software and online gaming content, has given some context to the popularity of its Simulated Gaming product with news that 135 billion virtual credits were wagered in December.

The announcement comes in the week prior to GameAccount’s appearance at ICE (stand N2-310) where it is anticipating significant interest in the social gaming product which allows players to purchase virtual credits enabling them to play their favourite slot and table games on a website which may be connected to a land-based casino.

Commenting on the level of interest Commercial Director Daniel Lindsay said: “I have gone on the record as saying that Simulated Gaming has the potential to be the online phenomenon of 2015 and the interest we are receiving from land-based casino operators ahead of ICE is substantial. It (Simulated Gaming) allows operators to effectively lift their casino floor and represent it online, with all of the associated benefits of increase patron-visitation on-property and the generation of meaningful levels of new income from an online channel. It’s perfect for land-based casinos that want to offer a form of online gaming in an environment prior to real money gaming legislation being in place.”

Lindsey added: ”What’s important for a casino licence holder is that they do nothing to jeopardise their licence, so we work with the operators and regulators to ensure that Simulated Gaming is fully understood as a proposition and also comply with any harm minimisation measures which need to be included in the offering. What’s critical to remember with Simulated Gaming is that it is ‘Gaming,’ not ‘Gambling’ and there’s a fundamental difference there.”"

[salpara111] 26/1/2015 13:02

Well online gaming in New Jersey has proven to be a busted flush so I am not counting on the US to pull this company out of the big hole it is in.

[rivaldo] 23/1/2015 14:32

Actually, if you look at GAME's RNS's there's been loads of news flow recently -
ten launches/deals/patents in around the last 5 months alone:



The problem, as we've stated above, is that there's been none of the financially huge system contracts which even out GAME's lumpy revenue stream and will therefore lead to poor 2014 results.

The question is whether GAME are due to achieve any such deals, and whether all the simulated gaming contracts etc can lead to meaningful revenues (which on high initial take-up seems to be the case).

If they deliver - and/or if the US gaming environment looks set to launch in California or Pennsylvania for example - then with plenty of cash GAME's £29m m/cap will look tiny.

[salpara111] 23/1/2015 12:33

Clearly someone is buying heavily in the background...the question is....is it a prelude to an offer for the company or just a major investor getting on board.
I have to say that news flow here has been pretty poor which has meant that I have not invested.

[solooiler] 21/1/2015 14:48

The forecasts on this company seem ridiculous :0|! Up and down like a yoyo. The brokers are useless!

On my watchlist for reasons unknown :0). Maybe its because I was a fan of Smurfs as a child :0)

[rivaldo] 21/1/2015 14:41

Cheers phowdo, agreed on all fronts.

Anyway, thought I'd post some recent news flow:

"Net Ent continues Italian expansion with SISAL & SNAI rollout
19 Jan 15

Sweden’s Net Entertainment has further strengthened its presence in Italy’s online gaming market with the launch of casino games with leading local operators SNAI and SISAL.

SNAI and SISAL become the second and third operators to launch Net Ent's content through its partnership with GameAccount Network, following in the footsteps of Gala Coral’s Eurobet which became the first to do so at the end of last year.

It follows the integration of Net Ent’s titles to the GameAccount platform, which was completed in December last year.

Net Ent’s chief of European market operations and managing director of Net Ent Malta, Enrico Bradamante, said that the supplier had been present in the Italian market since iGaming legislation was introduced, describing it as a key territory for the business.

“I am very pleased that SNAI and Sisal are now live with a wide selection of our world-class thrilling games, and I am certain that with our games they can offer the ultimate player experience to their Italian players,” Bradamante explained.

Net Ent has been active in Italy since 2009, when it entered the market through a partnership with Microgame, and further strengthened its presence through a deal to supply the GTECH-owned B2C site Lottomatica Scommesse in 2013."

[phowdo] 20/1/2015 12:26

Think Id agree with that rivaldo,

2014 results will be pretty bad, but all that reflected in the shareprice?

Upside is system sales that are considerable compared to enterprise value.

Also think they are susceptible to an approach from a US corp that wants a toehold in the sector ahead of legislation changing. Once the traditional casinos own a fair chunk of the potential online space then the lobbying could flip from against to for.

Definitely worth watching IMO.

[rivaldo] 20/1/2015 12:00

I note that Ennismore have announced they now have 5.6% and 3.1m shares, having bought another 1.1m shares (EDIT - phowdo, beat me to it!):



Sherylchan, apologies for not replying for ages! I only have a small holding here for interest's sake so don't look in very often.

I think this could be a rather good investment now at these levels. In particular, a £23m m/cap is largely offset by a £14m cash pile, which will reduce but should still be pretty weighty.

The 2014 results won't be great. GAME didn't announce any large system sales AFAICS, so forecasts of a 4.1p loss per share are probably right.

However, the forecast for 2015 is for 8.4p EPS.

I don't know whether this includes any assumptions on large system sales. However, the core business, in particular simulated gaming, seems to be growing nice and steadily. And of course, if states like California and Pennsylvania legalise gambling - or if it even looks like it's about to happen - then GAME's shares will probably double or triple pretty quickly.

I assume there'll be a trading statement soon. There's quite a bit of news flow on contracts, partnerships etc which I might start posting at some point if I increase my stake.

[phowdo] 20/1/2015 11:55

Might just be time to start going long these then.

Ennismore gone above 5%. Perhaps they've cleared out the seller?