Share Name Share Symbol Market Type Share ISIN Share Description
GAN LSE:GAN London Ordinary Share GB00BGCC6189 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 36.00p 35.00p 37.00p 36.00p 36.00p 36.00p 6,322.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 6.0 -5.6 -9.0 - 24.05

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Date Time Title Posts
20/1/201721:13GAMEACCOUNT NETWORK : gaming software/content developer214.00

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Trade Time Trade Price Trade Size Trade Value Trade Type
14:49:3735.703,0001,071.00O
12:35:4136.901,322487.82O
08:26:3035.702,000714.00O
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DateSubject
24/1/2017
08:20
GAN Daily Update: GAN is listed in the Travel & Leisure sector of the London Stock Exchange with ticker GAN. The last closing price for GAN was 36p.
GAN has a 4 week average price of 35.83p and a 12 week average price of 36.23p.
The 1 year high share price is 44p while the 1 year low share price is currently 27.13p.
There are currently 66,801,924 shares in issue and the average daily traded volume is 35,459 shares. The market capitalisation of GAN is £24,048,692.64.
03/1/2017
05:34
wexboy: 2016 – The Great Irish Share Valuation Project (Part IV): Company: GAN (GAN:LN) (formerly GameAccount Network (GAME:LN)) Last TGISVP Post: Here Market Cap: GBP 25 M Price: GBP 36p GAN’s share price has collapsed 80% from its all-time high in early-2014 – frankly, I’m surprised it didn’t receive a bigger thrashing!? I’m not sure I’ve ever witnessed a more cynical IPO launch – shareholders obviously didn’t realise they were buying into a company which boasted of its growth trajectory, but in reality sported a P&L where half its revenues & all its profits were actually non-recurring! It’s amazing management has even a shred of credibility left, considering the circumstances of the IPO, the subsequent collapse in revenue & the ongoing incineration of shareholder cash. Even now, management keeps reporting something called Clean EBITDA…which is utterly ridiculous & misleading when you’re burning that much cash! And the P&L isn’t much better, since they capitalise as much spending as possible. Anyway, despite innumerable RNSs re contract wins, the only bright spot in the last few years finally came with the release of their H1-2016 interims. This showed a return to growth, with revenue up +35% yoy (driven by simulated gaming) to £3.9 million. Now one swallow does not a summer make, especially with this management team, but noting the revenue trajectory (& recent sterling weakness), an annualised revenue run-rate of £7.8 million would be very hard to miss. Alas, cash burn hasn’t improved – excluding a (potentially once-off?) tax refund, the company’s still burning £6.5 million pa!? Which means cash on hand of £4.0 million (plus £1.75 million from two recent placings) could disappear within a year, unless we see a radical improvement. So, on the one hand, such a company isn’t worth any more than the proverbial pound…but to an investor familiar with the sector, operating margins of 20-25%+ are entirely possible, given a larger revenue base or takeover by a larger competitor. Let’s just split the difference – in my book, that implies a 1.5 Price/Sales multiple, plus cash/less annual cash burn: (GBP 7.8 M Net Revenue * 1.5 P/S + 4.0 M Cash + 1.8 M Placings – 6.5 Annual Cash Burn) / 70 M Shares = GBP 15.6p GAN is still ridiculously over-valued – and still in a hole so deep, it may take a lot more dilution & share price weakness before we’re through… The one giant saving grace here – which may explain the presence of Dermot Desmond with a 4.6% placeholder stake – is the network of (mostly simulated gaming) relationships that GAN’s building up with local casinos across the US. That’s the real intangible value here…which could be an absolute goldmine in the hands of a larger competitor, and/or if the schizophrenic federal/state laws & attitudes re (online) gambling are more comprehensively reformed/relaxed (although, at best that’s bound to be slow & piecemeal). [Now I say it, what does Trump think about all this..?!] Then again, buying into a cash burning company, led by an untrustworthy management team – simply in the hope of a takeover – is almost inevitably a painful experience… Price Target: GBP 15.6p Upside/(Downside): (57)% For related links/graphs/files & other TGISVP analyses/price targets: Google the Wexboy investment blog.
12/9/2016
08:14
the prophet: DAVY still had a line of stock available last week, I know because I picked some up. They are on the offer again. Number of buys without share price rise suggests to me that they are still working their way through that line of stock. Once that goes, this could shift north rapidly.
26/8/2016
07:55
rivaldo: Found the Irish Times article with the revelation about the "advanced talks"... Http://www.irishtimes.com/business/technology/gan-looks-at-real-money-gaming-with-us-casino-outside-us-1.2767408 "GAN looks at ‘real money’ gaming with US casino outside US Gambling technology provider gets boost from major £1.3bn Desmond investment Thu, Aug 25, 2016, 06:00 GameAccountNetwork (GAN), the gambling technology provider run by Dermot Smurfit jnr, is in “advanced talks” with a major US land casino operator to launch a real-money online gambling site in Europe and Asia. Real-money online gambling is still illegal across most of the US, although GAN works closely with a dozen casinos which it has helped launch simulated gaming products online, often based around casino games such as blackjack. The big US casino operators have, so far, eschewed the opportunity to enter real-money online gambling abroad, in part to keep onside with US regulators ahead of an expected liberalisation of its online gambling laws in coming years. However, Mr Smurfit says soon hopes to announce a deal to bring a major US casino into Europe’s online gambling sector, possibly later this year. He said GAN, which is backed by the Smurfit family and yesterday announced a £1.3 million (€1.5 billion) investment by Dermot Desmond, has held talks with several US land casinos with revenues of more than $1 billion (€883 million). Mr Smurfit declined to discuss the identity of GAN’s prospective partner. Gambling outside US If a deal is concluded, GAN would supply the technology, the games and the licenses to the US operator, which would then slap its own brand on the service and target only countries where online gambling is legal, but not the US. “We can provide access to countries where there are regulated markets covering 29 per cent of the world’s population,” said Mr Smurfit. “This is a big strategic move for us. The market hasn’t yet seen a major US land casino enter online in Europe.” Mr Smurfit was speaking following the announcement that Mr Desmond’s International Investment and Underwriting (IIU) has boosted its holding in the company, buying a further 4.6 per cent. GAN’s share price has struggled since its 2013 flotation, as an expected liberalisation of US online gambling has proceeded slower than expected. To plug the gap, it has signed simulated online gaming deals with about a dozen casinos. Gritted teeth “We have waited through gritted teeth for regulation to happen faster,” said Mr Smurfit. “Everyone who invested in the flotation probably did so with an eye on real-money gaming. As a backstop, we have simulated gaming, but we are currently a different proposition to the one investors originally considered.” Mr Smurfit says he hopes that the “re-engagement” of Mr Desmond with GAN – he has been a small investor since 2004, although he sold some of his stake in 2013 – gets the stock more attention. He met personally with the media-shy billionaire, he says, in recent weeks to try to convince him to invest further in the company. Analysts said the move by Mr Desmond, who is known for holding stakes long-term in listed companies in the leisure sector, may help allay concerns from some investors over cash burn at GAN. GAN had £3.8 million (€4.4 million) in cash at the end of last year. Analysts speculated it may turn cashflow positive next year."
27/6/2016
08:28
trentendboy: Share price decline is impressive - delayed legislation and a poor product offering - long way to go here I fear
GAN share price data is direct from the London Stock Exchange
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