Gamingking Share Discussion Threads

[hotfinance14] 22/11/2005 08:39

Remind me when are the results due ?

[marine boy] 22/11/2005 08:30

I see The Gaming Corporation (GMC) has delivered a healthy maiden profit in its results announced today. Let's hope GGK will deliver too. The commercial arrangement with Games Warehouse is what intrigues me most.

[marine boy] 18/11/2005 09:17

I would have predicted similar turnover of about £3.3m but with a profit of £65k. However in their recent trading update http://www.gamingking.co.uk/4-media/4_article011.asp they have stated improvements in efficiency & cost controls.

The purchase of Kelly's Eye, Gemini Club Supplies & Independant Leisure Supplies, plus the commercial arrangement with Games Warehouse should all add to the bottom line and boost revenues & growth rate. We could possibly see a much greater increase in profits. An update on the roll-out of the Tote-All system will hopefully show this system to be of important commercial value.

Perhaps the appointment of Douglas Yates as its Non-executive Chairman in March this year is beginning to have its effect.

I think GGK is undervalued at 2p and will look forward to receiving the latest figures for a proper market valuation.

[hotfinance14] 17/11/2005 13:03

I will predict a turnover of £3.5m and aprofit of £100k for 2005.

Any other predictions ?

[marine boy] 17/11/2005 10:06

Follow the link.

[hotfinance14] 17/11/2005 10:02

Do you have the profit/loss figures for those years aswell ?

[marine boy] 17/11/2005 09:59

Countdown to interim results due on 8th December. Should at least meet expectations & with recent cash aquisitions could have a few pleasant suprises.
Turnover & profit have been increasing steadily over the last few years and GGK has taken some major initiatives to expand the business in a sensible & cost effective way.


Turnover:

£1,668,000(2002)
£2,158,000(2003)
£2,782,000(2004)
£3,059,000(2005)

[marine boy] 10/11/2005 16:41

Creeping up slowly I see & 2p on the offer.

[marine boy] 08/11/2005 19:22

Sorry you can't see that cath57, but never mind.

[cath57] 08/11/2005 18:34

Sorry cant see the mm selling 0.12 below the mid price, checked last weeks trades there were 3 trades at 1.57p 1 for 150k and 2 for 100k all 3 went in ? column.

[marine boy] 08/11/2005 18:14

Don't be fooled by the advertised bid / offer price. I bought a load last week at 1.57p when the price was 1.45 - 1.7. It was marked as a sell. The 10% rise today speaks volumes. And whose going to sell at 1.63p when this is surely going to break 2p very soon.

[cath57] 08/11/2005 17:39

Do you think when the offer went from 1.70 to 1.90p and the mid went to 1.75p at 13:12 the mm would be giving them away for 1.63p at 14:23:27 92,426
14:56:13 97,141
16:19:00 31,289
all sells at 1.63p

[marine boy] 08/11/2005 16:56

cath57, they were all buys today.

[cath57] 08/11/2005 16:49

Results 08 December,211,570 buys and 220,856 sells today.

[marine boy] 08/11/2005 16:39

All buys today. Tried a late broker buy and was quoted 1.86p on the offer so I expect to see the bid come up tomorrow. Still think this is good for 2p on the bid & perhaps a little more.

[marine boy] 08/11/2005 14:50

Of course, well oversold.

[hotfinance14] 08/11/2005 14:10

Wow...a tick up!!!!

[hotfinance14] 08/11/2005 08:49

When are the next results due ?

[marine boy] 08/11/2005 08:44

The National Lottery licence is up for tender. This will bring gaming & gambling stocks back into the spotlight. Aquisition of Kelly's Eye and most recently Independent Leisure Supplies expanding the business. Fair results, an oversold share and possible bid speculation.

[goldie40] 08/11/2005 08:44

the answer to hot finace14 to push this north is some new managment new non ex director to start with,if this co is run right the share price can soar the new section 5 gaming act means that ggk machines can go in pubs cafes fish and chip shops etc some 100000 sites plus instead of the 5000 club sites now also the 60million tickets there are now been sold could be linked to a poker site but at the monent i do not think this board has what it takes ,they are happy to sit there and take mega wages for little effort our only hope is a take over but at this level they look cheap could easily go to 2.5 thats 40 per cent on your money

[hotfinance14] 07/11/2005 20:29

Whats going to push this share price north ?

[marine boy] 07/11/2005 18:34

I see the offer price is creeping up from 1.57p to 1.6p. Momentum should build up on this quite quickly. Still time to get in under tuppence.

[marine boy] 07/11/2005 11:28

But they did say that no shares were issued so all funded from the petty cash
box !

[wiganer] 07/11/2005 10:53

Bizarre that they don't state how much the acquisitions were for, or what the turnover or profit was of the "businesses" acquired. Doesn't come across very well, to say the least...