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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gameaccount | GAME | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 29.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 29.50 | 29.50 |
| Top Posts |
|---|
Posted at 14/8/2015 10:59 by rivaldo Interesting interview with Smurfit re this week's deal - he's moved his family to the USA to progress the business, and they'll seek a US listing once things pick up:Extracts: "It is the seventh such US deal negotiated by Smurfit, a nephew of Michael Smurfit and the eponymous son of Michael’s brother, who is the chairman of Powerflute. Cousin Tony Smurfit, the new chief executive of Smurfit Kappa, is also a GAN investor." "So why is the share trading so modest? “We think it is because we are an Irish company, London-listed but US-facing. I don’t think anyone in the UK or Ireland pays much attention to what we are doing in the US. Perhaps it doesn’t register with them that we have done a deal with a huge casino business on the edge of Los Angeles.” It sounds like Smurfit hankers after a US listing for GAN. Does he? “We have always said if we are successful selling our products in the US, we would seek a US listing.” Smurfit says GAN has already considered listing in the US with ADR (American depositary receipt) derivatives, but it was too difficult to make it work for the company. It might make a US listing within two years, he says, if it can get a market capitalisation of between $200 million and $300 million. Its market value in London is currently about £32 million, or $50 million" |
Posted at 23/1/2015 12:33 by salpara111 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. |
Posted at 12/9/2014 09:25 by phowdo Attracting a few buyers now at these levels but Id agree with sherylchan - its going to need the (expectation of) real-money contracts with values attached that really attract investors here. Down to €0.95 on the ISE yesterday on a 5k sell.Still believe they have massive potential so continuing to watch for an opportunity to add to my meagre underwater holding. |
Posted at 15/8/2014 11:56 by rivaldo Canaccord increase their price target to 270p from 250p:"GameAccount Network PLC Given New GBX 270 Price Target at Canaccord Genuity (GAME) Publish date: Thu, 14 Aug 04:52 | Equities research analysts at Canaccord Genuity boosted their price target on shares of GameAccount Network PLC (LON:GAME) from GBX 250 ($4.19) to GBX 270 ($4.53) in a research note issued to investors on Thursday. The firm currently has a "buy" rating on the stock." |
Posted at 22/7/2014 07:46 by sherylchan ...but near impossible for investors to gage investment potential with lack of nos! |
Posted at 07/7/2014 12:23 by iandippie I question why founder/early investors are selling at loss to the IPO price. Sometimes there is fire with the smoke. I asked myself would I buy into this stock now, with the hindsight of the unsupported slide in the price. The answer is no. Hence by default, that makes me a seller and hence I am out. I wish holder's luck, but I don't have the stomach for this one. |
Posted at 07/7/2014 10:57 by rivaldo Tiny volumes as usual - as phowdo says, looks like founder/early investors have been selling.GAME had almost £17m cash at the year end, against the current £50m m/cap. |
Posted at 07/4/2014 21:04 by nw99 Game account , OPAY and Planet Pay all hit the bill in the USA worries investors |
Posted at 07/4/2014 13:43 by montynj Rivaldo...totally agree with u. Stock is very oversold on low volumes....if results surprise on the upside then this share should rocket.Shrewd investors should be topping up now. That rules me out then cuz I was topping up at 240p. Lol..but, at the end of the day, whether one is buying here or at 240 should pale into insignificance if this stocks rises by multiples which Sharewatch implies |
Posted at 06/4/2014 17:17 by wexboy Company: GameAccount NetworkPrior Post(s): None New IPO (Nov-2013) Ticker: GAME:LN Price: GBP 140.5p This recent IPO seems to have slipped under the radar for most people, and I suspect many don't realize it's really an Irish company (just look at the board). It's also another IPO for the Smurfit family Escher Group Holdings (ESCH:LN) is another example who reinvented themselves in the past few years & became venture capitalists. GameAccount Network primarily focuses on its B2B business, providing gaming software systems & online gaming content, plus it has a smaller B2C business (MoneyGaming.com). It's active in the UK & Europe, and has had surprising success in the US to date for example, working with Betfair Group (BET:LN) & Trump Resorts last November to launch in New Jersey's new online gaming market. When it comes to IPOs, I think it's more dangerous than usual to focus on EPS & earnings growth rates. Let's focus instead on revenue & operating profitability: The company reported 10 month net revenue (to end Oct-2013) of GBP 10.9 M in its admission document. Pinning down profitability's not so easy though operating profit is 2.5 M, whereas operating free cash flow is 1.0 M (2.5 M if you ignore working capital changes). And management helpfully provides a 'Clean EBITDA' of 4.7 M. Now, I think we all know investors in the sector are perfectly happy to focus on (a high multiple of) EBITDA, but let's compromise here: If you dig a little, there's two major items we can add back to operating profit 1.2 M of transaction bonuses & IPO costs, plus 0.2 M for legal & termination costs. That puts adjusted operating profit at 3.9 M, a hefty 36% margin which I peg at a 3.25 P/S multiple (on a grossed up 13.0 M of net revenue). Hark, I hear the outrage already..!? Yes I agree, investors would probably opt for (much) higher multiple, but look closer 63% of GAME's net revenues come from a single client! I consider my valuation multiple a reasonable compromise between higher sector multiples & the risk of a devastating client loss... Plus it allows me to (fairly) comfortably apply a (positive) debt adjustment: Based on the company's 4.7 M of (annualized) adjusted operating profit (& zero debt), management could easily draw down 14.2 M of debt for expansion, acquisitions, etc. as usual, I'll haircut this by 50%. We can also adjust for 2.7 M of cash on hand, plus a net 13.2 M raised by the company in the IPO: (GBP 13.0 M Net Revenue * 3.25 P/S + 15.9 M Cash + 14.2 M Debt Adjustment * 50%) / 55 M Shares = GBP 118p GameAccount Network's mildly over-valued at this point. But it's nicely profitable, and has plenty of cash on hand for expansion (and/or acquisitions). Presuming a steady/substantial reduction in customer concentration (the NJ gaming launch will help, though it's off to a slow start), we may reasonably anticipate accelerated growth in GAME's intrinsic value, based on healthy revenue/profit growth & expanding valuation multiples. Price Target: GBP 118p Upside/(Downside): (16)% _ |
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