Inspired Gaming Share Discussion Threads

[senator] 28/8/2009 09:34

Spread is ridiculous - 9.5p v 11.0p

[orchestralis] 28/8/2009 08:57

Low volume today

[crisplex] 27/8/2009 15:13

will we end up on the day i wonder

[romantic rambo] 27/8/2009 14:52

will they release an RNS tomorrow saying i dont know why the share price has tanked

[romantic rambo] 27/8/2009 14:47

dirty tricks here i think to keep the price down

[jamie62] 27/8/2009 14:30

this is a retrace.

[lordwilson] 27/8/2009 12:01

probably a bit premature , although I do hear good things on the horizon

[peterboroughmatt] 27/8/2009 10:31

Some are @ 500% profit cant blame them really.

I think people are missing how the shares are structured with this one, prefs hold all the weight and get paid before everyone else, not sure what will be left for holders of the ord's. Prefs trading @ 34p and get min of £1 if there is a takeover so have just purchased some of them

Matt

[orchestralis] 27/8/2009 10:27

Peeps selling out now, might be a bit premature.

[peterboroughmatt] 27/8/2009 10:21

nickcduk - good call yesterday, well overdone, the value here is in the prefs

Matt

[andrbea] 27/8/2009 10:17

rok have a presence in China where mobile gaming is growing apace

eg other companies state:

21.8.09


China Mobile:

In addition, he highlights revenue growth coming from the rapid development of mobile gaming, with over 7 million customers, and from machine-to-machine (M2M) services. The company's M2M activities have been expanded to the finance and power business sectors, and demand for M2M is "huge" says Wang.



and:


KongZhong

On August 11, 2009, it announced strong second quarter results, including a strong uptick in its online mobile games revenue.
Mobile games are the fastest-growing segment of KongZhong's business, contributing more than 20% of its total revenue in Q2 2009, up from just 6% during the same period in 2008

[8trade] 27/8/2009 10:10

What a ridiculous Rns !

They have just announced 3 deals in recent weeks, the market cap
is tiny so surely they have the brains to work out why the price
has risen !

It's if they dont want the price to get too high, bet this "third party"
is connected to the board, they want the company on the cheap.

[harrykewell] 27/8/2009 10:09

I see the retrace has already commenced.

[harrykewell] 27/8/2009 10:07

Q. If this is a takeover target.

Who are the likely suitors?

Q. How far can the ROK deal send the SP? ROK have global reach but are still a
relatively small company.

IMHO, I think this will retrace to about 8p.

[dcomd99] 27/8/2009 09:59

what's the code for the prefs?

[lordwilson] 27/8/2009 09:51

buy the prefs , more security and big upside

[andrbea] 27/8/2009 08:15

tried to get an idea on year-on-year revenue growth in the mobile gaming segment
Found a recent example (from another company, based in the Philippines), dd 18.8.09:

"In the same meeting, Dennis Valdes, PhilWeb president, reported record results for the first half of 2009, including P228 million in net income.

He said the company projects that growth will accelerate in the second half of the year, propelling net income to a total of P584 million for the full year 2009, twice last year?s net income of P292 million. "



nia dyor

[orchestralis] 27/8/2009 08:03

Looking strong again this am

[nod] 27/8/2009 05:43

re the trades through PLUS

you can use a shortcut to the INGG trades page. save url as a favorite or shortcut

[bethany3] 26/8/2009 21:22

Used to own loads of this from 108p right down to eventually selling at 53p and lost a packet. 2 days on leader board and wonder why? Guess curiosity got the better of me.

As far as I could remember preference shares (PS) were issued twice, 80m in the 2nd lot at 50p each but worth 100p in a takeover. And these PS would have to be redeemed 1st before ordinary ones and there are many millions of them - many more than 80m if memory serves me right but please refer to previous RNS rendering the ordinaries virtually worthless as INGG had huge debts unless of course these had been paid off since.

Peculiar to see 2 RNS today showing sales of these PS for 25p a pot. If their redeemable value is 100p in a takeover why were they sold for 25p and NOT at at least 50p, the issue share price Very strange.

[charlie] 26/8/2009 21:14

The same shareholders who took up the convertibles are the ones who own the ordinaries.

This is the key point. Although the ords (INGG) hold circa 40% of the voting rights, a good chunk of that 40% is held by the same people as hold the convertibles (INGC). So the ords can't block a deal. The convertible holders can vote through anything - including an offer of 1p or less for the ords.

And if there isn't a bid, the prefs get more and more voting power with each passing year - the 7% PIK coupon.

The ords almost surely have negligible value.

The convertible terms include redemption at 100p (the intended redemption price in 2015) on a takeover. They haven't risen because the company has a load of debt and so the conv holders would probably have to accept less than 100p on a soon takeover.

Plus the company was "in a bid situation" for over a year during 2007-2008 and nothing ever happened, so the insitutional market is sceptical.

[nickcduk] 26/8/2009 18:46

lordwilson-

Slightly wrong on the institutions. They would own more convertibles than ordinaries as more were issued. The same shareholders who took up the convertibles are the ones who own the ordinaries. They would be happy to write off the ords as long as they could double their money on the convertibles. I think ords hold 40% of voting rights. I think they will come to a compromise and give the ord holders a token amount just to get the deal through quickly.

[lordwilson] 26/8/2009 18:07

I stand corrected Keya the ords will be worth something as far more held by the institutions than I realised and they will have to sign off any future deal ! apologies !

Prefs still come first , so should be an interesting play .

LW

[lordwilson] 26/8/2009 17:25

ingc around 32-35 , I reckon if there is a takover they could fetch 80/85p maybe the full pound .

Best LW