Gan Share Discussion Threads

[longwell] 29/4/2019 22:22

Our market wont pay premium.
Better they stay in the game and gow.

[noujay] 29/4/2019 20:46

Who knows but with PE flying in at c. 50p and a landscape which is being described as akin to the gold rush, reports suggesting £1 could be undercooking it given the recent numbers coming out of NJ, Penn about to switch on and legislation moving forward almost weekly.

[k mon] 29/4/2019 20:15

Noticed this a while back

based on chart only ..
Beginning to show some promise ..

[busterdog2] 29/4/2019 19:41

So what’s a realistic buy out figure then, 80p, £1?

[noujay] 29/4/2019 18:55

Just around the Pointsbet ipo - looking at a $50m raise on a valuation of $145m which is based on 8.3x revenues

[noujay] 29/4/2019 10:25

I would be shocked if they accepted a 25% premium to the current price which they believe materially undervalues the business. The opportunity of scale in the US alongside Fanduel/PPBF (who are very clearly going to be one of the biggest operators of US sports betting and online casino gaming) and ever quickening regulation will put a significantly higher premium on this than 25% IMO.

[mylands] 29/4/2019 09:43

Can't see why anyone would pay more than a 25% premium to the current price which would give a value of around £60 million and the Smurfitts walking away with £12 million.

[longwell] 29/4/2019 08:20

Push price up to encourage sellers then drop it again.seen so many times before.great company, shame put in the shop window same way as paysafe.
Could have retired on paysafe, ended up with massive tax bill from shares bought out.see same thing here.
Hold 30k so would like to see company grow.

[noujay] 29/4/2019 07:38

Keep the predictions coming Nostradamus - you've been nicely undercooking it so far!

[longwell] 29/4/2019 07:24

80p maybe.
Too early down the road to get more

[jon123] 28/4/2019 19:52

yeah stick a 2 in front of that 25 lol

[busterdog2] 28/4/2019 18:44

125p... you’re having a laugh 😆

[molatovkid] 28/4/2019 18:42

125p....great if it happens. It would be nice to know the level of interest!

[ny boy] 28/4/2019 18:02

Looking for a 125p bid this quarter

[mip55] 28/4/2019 16:01

See PPBF have a Trading Statement due out Thursday. Should make interesting reading.

[noujay] 27/4/2019 10:27

That link I posted on Points Bet only seems to give a few sentences. Here's the article in full. The fourth paragraph would presumably form part of what DS might aspire to be doing with a US listing that would value GAN at a far higher level.Bookie PointsBet secures support for $200m-odd listingSarah Thompson and Anthony MacdonaldApr 25, 2019 - 9.33pmThere's a new online bookmaker headed for the ASX-boards.Street Talk understands PointsBet is in the late stages of preparing an initial public offering that would value the company at more than $200 million.It is understood PointsBet has already lined up a handful of cornerstone backers and could formally launch its raising as early as next week. Stockbroker Bell Potter Securities is advising the company.Brett Paton, a well known face in Australian financial markets, will chair bookmaker PointsBet. Mirek Rzadkowski EFM Asset Management - the financial services and technology fund manager run by former Citigroup banker Jeff Emmanuel - is believed to be one investor tipping into the deal, having earlier written a cheque as part of a pre-IPO raising. It's likely to own close to 10 per cent of the betting company on listing. News Corp is another existing shareholder.PointsBet is expected to be pitched as a once in a lifetime opportunity to participate in one of the holy grails of betting globally; the roll-out of sports betting in the United States, at a time when the market is opening up.PointsBet is based in Australia and offers markets to domestic punters on all sorts of sports and racing. It was founded in 2017 and is a relative newcomer and only a small player in Australia's $4.9 billion a year horse and sports betting market.The sizzle, though, is what it wants to achieve in the US. PointsBet recently launched its first product in America; an online and mobile betting platform in New Jersey.While it was a small step, it was seen to be a test case and revealed the company's ambitious growth plans. [Tabcorp and other Australian bookies are watching the US closely].Potential investors are also likely to recognise a few of the names involved. PointsBet is chaired by former senior UBS and Citi banker Brett Paton (also a one-time director of both Tabcorp and its spin-off The Star Entertainment Group) and run by Sam Swanell, who helped establish Tom Waterhouse's corporate bookmaking business nearly a decade ago (William Hill acquired it in 2013).Bell Potter is expected to launch the deal through its equities desk and adviser network as early as next week. If successful, PointsBet shares are expected to begin trading before June 30.It follows a short list of bookmakers and corporate bookmakers to spend some time on the ASX-boards. Tabcorp is the pin-up and industry giant after acquiring rival Tatts Group in December 2017, while corporate Centrebet International traded on the ASX until it was acquired by Sportingbet in September 2011.

[mylands] 27/4/2019 10:15

Noujay

Keep the info flowing, makes good reading, thanks.

[noujay] 26/4/2019 21:06

Here some more interesting stuff:https://www.playwv.com/new-wv-online-sports-betting-licenses/https://www.afr.com/business/gambling/bookie-pointsbet-secures-support-for-200m-odd-listing-20190425-p51h37This company and this sector is starting to hot up by the looks of it. GLA

[noujay] 26/4/2019 16:35

Well that was a good end to the week.US reports are that the first Penn online sports apps will be tested within the next two weeks. Rush Street and Sugar House tipped to be first (as they opened sports books first). Parx is likely next followed by Fan Duel VF. Testing period is 2-3 days then live, e.g. Parx could easily be live by mid to late May.

[noujay] 26/4/2019 16:23

Been in for years - useful too given our largest contract is with Fanduel!

[ksavani1] 26/4/2019 16:21

Andrew Black is one of the co founders of Betfair, nice to see him have a big holding here

[ksavani1] 26/4/2019 16:21

Andrew Black is one of the co founders of Betfair, nice to see him have a big holding here

[cheshire man] 26/4/2019 15:55

Long may it continue TEB :-)

[trentendboy] 26/4/2019 15:52

Fumy how earlier saying how quickly this can shift on low volumes and then boomShould listen to myself more often

[noujay] 26/4/2019 15:42

Worst case (for me) of somebody wants to buy this, then a premium on a higher share price certainly for the better for all here.Got through that 55p in fairly short order..