Gamingking Share Discussion Threads

[alwaysbanking] 11/2/2007 08:24

Wiganer I appreciated it, at least we were thinking along the same lines. Can't see an awful lot of mileage in Scratchcards at working mens clubs or pubs or similar organisations unless they run something in parallel via the internet but we saw what happened with Chariot.

[bonkers2] 09/2/2007 21:54

No chance with the national lottery. JUST may have hit the low at 0.57p, new products on trial - maybe, just maybe, the share price will go up from here!

[wiganer] 09/2/2007 18:59

I guess my humour was a bit too dry...

[willz] 09/2/2007 18:53

I'm afraid i think they'd have no chance look at when Branson tried to win the lottery with a not for profits company and it didnt make it. Camelot have the lottery sewn up well and truly

[wiganer] 09/2/2007 09:45

It would be a bold move, consistent with their previous dynamic style of management.

[alwaysbanking] 09/2/2007 08:58

Lottery Licence up for grabs - Rumour has it that GGK may tender a bid for the National Lottery. Any thoughts anyone.

[alwaysbanking] 31/1/2007 08:34

Should be some good news relatively soon then about the launch of new products:-

Your 'Local' Lottery

The Your 'Local' Lottery initiative continues to be pursued and both the single
column 'bar mounted' ticket dispenser and the themed Coronation Street pull-tab
tickets are in the final stages of development. The trial is now scheduled for
January 2007, slightly later than originally anticipated, because our trial
partner pub groups are reluctant to introduce any new concepts during the busy
and important Christmas period.
We are hopeful that initiatives such as Your 'Local' Lottery could prove to be
valuable new revenue sources to pubs which may be needed as a result of the
introduction of the smoking ban in 2007.

[hotfinance14] 05/12/2006 11:46

Gamingking PLC
05 December 2006


Gamingking plc
Interim statement
For the six months ended 31 October 2006

KEY POINTS


+ •Turnover maintained at £2.5m despite adverse economic conditions


+ •Changes in board composition


+ •Reductions in central overheads despite 'investing' in operating
costs


+ •All acquisitions fully integrated



Chairman's Statement

Overview
I prepare this Chairman's statement in a climate of difficult trading conditions
as highlighted in the company's September trading statement. The revenues to 31
October 2006 were £2.51m compared to £2.54m for the same period last year but
our profit performance has deteriorated, due to us investing in operating
overheads in anticipation of sales growth. In the half year to 31 October 2005
we recorded an Operating Profit of £73,000 and this half year the Operating loss
is £33,000. Consequently the company is recording a Pre Tax loss of £58,000 at
this Interim stage, compared to a Pre Tax profit of £48,000 at this time last
year.
The market conditions that the Group has been exposed to mirror those that the
majority of the UK retail leisure sector has been experiencing these past six or
seven months, with the World Cup and the extended very warm summer having a
significant adverse impact on trading. At the beginning of the new financial
year, the Group was carrying a level of operating overhead in readiness for
growth, but with the anticipated growth now less evident the Board has taken
action to substantially reduce the overheads. The benefit of this overhead
reduction programme will only be partly evident in the 2006/07 full year
results, hopefully supported by an anticipated return to some normal levels of
trading, but the major impact should be more evident in the 2007/08 financial
year.
The three acquisitions that were effected in 2005/06 are now fully integrated
and the Group is positioned more strongly in the market place as a result. It is
anticipated that the recent introduction of the new product catalogue, allied to
the launch of the CROWN Club loyalty card, will act as a spur to the generation
of sales.
During the first six months of this financial year the Group has continued to
invest in new product design and product upgrades and over the course of the
next six months the plan is to bring these new products and concepts to market
which should act as catalysts for sales growth. The investment in research and
design has been funded out of free cash flow and whilst in the first six months
of the year, £303,000 of capital cost has been incurred, the cash in the bank of
£399,000 is similar to the same period last year. During the first six months of
the 2006/07 financial year we have also begun the process of paying down the
Barclays Bank loan which now stands at £720,000.
In the light of the capital expenditure in the first half there will be a
greatly reduced capital expenditure programme in the second half.

[powwow] 01/12/2006 13:09

I wouldnt touch this ocmpany, they have a history of pushing the share price up when they want to make an aquisition, which incidently is only when they current business model has gone pants.. They have done it a few times now.

[retford1] 15/11/2006 16:18

when will it go up again mystic Pete?

[peterdavis] 15/11/2006 14:49

If I did you would get someone saying not so so why do it

[letthegoodtimesroll] 15/11/2006 11:55

Nice one Pete. Care to share your knowledge mate?

[peterdavis] 15/11/2006 10:35

Told you they would go up today

[peterdavis] 14/11/2006 16:01

This will go up wednesday

[retford1] 02/11/2006 15:31

Nice one marine boy.

[marine boy] 01/11/2006 12:57

Only into your worst nightmare.

[rovi57] 01/11/2006 11:36

new to this share, think it might grow

[goldie40] 21/10/2006 14:47

hello thie share is not going under if anything its going to grow by getting rid of the deadwood and cuttig cost is going to put £250000 0n the bottom line thats with out new markets and the new gaming act that comes in next year allowing lottery machines in pubs cafes newsagent etc, also the possible bid do not forget 50000 clubs a lottery licence and 50 million tickets a year is worth alot to a online gaming co

[fenseal3] 20/10/2006 15:35

Pay2click are you saying this company is going bust......do you no something, if so please share!!!!

[pay2click] 20/10/2006 11:49

Hmm... if you have shares in a company that goes under. I don't suppose there's any compensation to be had anywhere is there?

[wiganer] 17/10/2006 09:21

Well, the departure of the two directors certainly contradicts the views that they were just going to milk the company ad infinitum.

[goldie40] 17/10/2006 09:19

now these 2 directors have gone with savings of £150000 who were a waste of space this share will now move up, new blood new gaming act next year allowing lottery vending machines in pubs newsagents etc,also a possible bid by someone who wants to get into 50000 clubs and get thier lottery licence all adds up to a good buy at this price,watch for more cost cutting and rns

[marine boy] 17/10/2006 08:39

A DoDo is more dynamic than this company.