|Inspired Gaming Group
||EPS - Basic
||Market Cap (m)
|Travel & Leisure
Real-Time news about Inspired Gaming (London Stock Exchange): 0 recent articles
|venture traveller: Any overhang now cleared, so share price is ticking up nicely. Loads more potential here before offer period ends.
|venture traveller: Now the consolidation is sorted, the share price can go back to normal. IMO the price will be up to 72p, as this would be equivalent to 12p before.
The news from the contracts gained can be reflected in the price now that investors know where they stand.
|eddie catflap: Agreed.
Anyone holding the ordinary shares now has to divide by 6 to get their new holding under the consolidation.
Therefore, as these are aproaching 36p, the share price compared to yesterday is 36/6 = 6p.
(NB: If you hold in certificated form, don't try to sell your "old" holding amount)|
|qipincha: uptick at the last minutes, same trick as b4.
and mid day is the best time to buy in
tomorrow should be good if I interpret mm's behaviour correctly.
hoolers, I have seen 100 buys many times with this share last week, could be mm short of share at that time.
small wave, shake off quite a lot of undertermined share holders
(current share price pattern is similiar to what was between July and August)
mm should have enough share to have another big rise soon|
|qipincha: To onlythebest2,
From their interim report,2009, it can be seen that their equity is 38,489,000. There are totally around 70m shares, so the nav is around 50p. (i need to double check this as I know they have issued some share in 2008, around 92m, but cann't find exact number, if this is right, then the nav should be around 20p. )
The good thing of this company is:
1. debt is on an affordable level.
2. hasn't issue more shares at the worst time
3. recenlty they have signed a few new contract, under current economic enviroment, it is defenitely a good thing to cheer up...
The main debt is a consequence of disposal of the pub division in 2008. imo, the company was doing well in 2007, however, the expansion of company incurred serious problem in 2008,mainly from the pub division, but luckly they have turned around and in recovery now. In short term, I expect the share price to tick up again shortly as we have already saw the right foot up. In mid to long term, as the trading volume increase, we shall see profit next year.|
Playtech Admits Passing On Inspired
4 Sep, 2009 / GamblingCompliance Ltd. / Scott Longley
Playtech has admitted it made an approach to gambling machine supplier Inspired Gaming before deciding against going through with any outright bid for the UK-listed company.
The revelation came from Playtech's departing chief financial officer Shuki Barak at the presentation of the online gaming software provider's first half results.
Asked whether Playtech's acquisition strategy would encompass a bid for Inspired which told the market in late July it had received an approach from an unnamed source Barak said the companies had been in contact but that Playtech had decided against taking the enquiry any further.
"The bottom line answer is no," Barak told GamblingCompliance. "I can't say we haven't looked, but the answer is no. Unofficial talks; but the answer is no."
Playtech already has an interest in the gaming machine market via its Videobet subsidiary, but Barak suggested its intentions in this area with regard to any M&A would focus on buying into software suppliers rather than machine manufacturers.
"We are focusing on software, similar to Playtech," he said. "We are trying to be close as we can to being a software provider only... If I could choose, we would choose to focus on software. But if an opportunity came, the board would consider it, but only if it worked for Playtech."
The Inspired chairman Russell Hoyle said at the time of the announcement of a fresh approach that it was "incredibly preliminary". "It was somebody interested in having a chat, someone wrote a letter," he said in July. "It was no more than that."
Since the prospect of a bid was made public, the Inspired share price has managed something of a recovery, now standing at 10.5p compared to a low earlier this year of around 2.5p.|
|romantic rambo: will they release an RNS tomorrow saying i dont know why the share price has tanked|
|nickcduk: Anyone looking for the takeover would be better off buying convertibles. If takeover goes through they are guaranteed 100p a share. Current share price is about 34p. The ordinary shares rank behind the convertibles.|
You have indeed, you said there would be an offer for the company within 6 months. Not sure of the share price at this time but certainly north of 250p, hope people bailed out before now. Did anything come of the offer?|
|prewar: I have no position in this company but given the figures mooted as a take out price (c160p) and the share price mvmt since the announcement of being up for sale would be concerned as to why there is no upward mvmt in recent share price|
Inspired Gaming share price data is direct from the London Stock Exchange