Gan Share Discussion Threads

[phowdo] 06/6/2017 15:30

Game Group refloated with the ticker GMD.
The old ticker was GMG.

[royaloak] 06/6/2017 15:16

Thanks guys, I went onto the old Game site and assumed they had been re-floated and quoted again under a different EPIC!

Went onto my Bank to make sure the order had not gone through several times, luckily it had not gone through at all.

However if you are thinking of buying anything from Game, be careful, my experience was bad!

Apologies again.

[cottoner] 06/6/2017 15:02

royaloak - I'm sure GAN won't sell you a power adapter. :-)

Perhaps your post should have been on GMG - Game.

[alan@bj] 06/6/2017 14:52

Are you sure you didn't order it from www.game.co.uk rather than this company?

[royaloak] 06/6/2017 14:30

No nothing about GAME but buying a power adaptor through them, looked a good deal. Tried to buy online just would not work, all my information was correct and tried several times to pay and nothing, no confirmation or any comment. Still trying to contact them, have been waiting on the phone for 30 minutes, good job my calls are free. Now going to leave an email and see if they respond, also contacting my Bank to make sure several orders for the same thing have not gone through.

Maybe the products are good, but something is amiss, I will keep you posted.

ps i tried their web chat service and it just said they were busy and to try later!

[phowdo] 31/5/2017 08:53

Certainly helping to clear out a seller...

[king kong dong] 31/5/2017 08:51

great find....some great coverage!

[broncowarrior] 31/5/2017 08:49

Tipped in the Times today, broker sees tripling of share price etc.

[rivaldo] 31/5/2017 08:48

Great to see some press attention here - unusually for such a tiddler, GAN is the main tip in today's Tempus column in the Times:



"Gan’s gambling software looks a good bet

he US gambling market has historically been a place where few British companies have wished to tread, but one exception ploughing a potentially lucrative furrow is Gan. Full-year results yesterday from the London-based business-to-business supplier of online gaming software showed losses narrowing as revenues rose 30 per cent year-on-year to a little under £8 million.

Make no mistake, this Aim-listed business remains a tiddler with a market capitalisation of just £20 million, but analysts at its new broker believe the share price could easily treble as investors get comfortable with its model.

Gan’s Gamestack software, developed over 15 years, gives physical casinos an online presence, enabling them to go after a digital customer base previously denied to them. At present the company has signed 13 partnerships with major US casino groups out of a total of more than 900, highlighting the potential for growth.

Regulators appear to be opening up the market and as the authorities liberalise, the opportunities for Gan will grow, with the company earning money from providing the software that bricks-and-mortar casinos need to get online, as well as taking as much as a 35 per cent share of net gaming revenues.

In the first three months of the year, active player-days on Gan’s software platform went above 2.2 million compared with about 1.7 million in the third quarter of last year, while average revenue per daily active user has risen over the same period from $7 to $7.69. These figures point to 2017 being the break-even year for the company as the $50 million investment in its core software starts to come good.

And all of this is without factoring in the biggest cash cow of them all, simulated gaming. Here Gan is providing the software for a fast-growing market that allows real-world customers of casinos to buy virtual chips that they can use to gamble online.

US law being what it is, these tokens cannot be redeemed for real money, but are instead used to buy services such as food, drinks, hotel rooms and free slot machine bets, building customer loyalty. This is already a multibillion-dollar business and big growth is expected, with Gan well placed.

Four years on from its IPO, it appears the time finally might have come to put a few chips behind Gan and its casino clients.

My advice Buy
Why The US gambling industry looks to be evolving in favour of its business model"

[king kong dong] 31/5/2017 08:23

cumnor...in the context of GAN all the coverage is good news.

I think the market might be waking up to GANs strong position in the slow opening up of the American real money, online gaming market...once the floodgates open there, much money will flow GANs way....

[cottoner] 31/5/2017 08:20

Bit of interest today - been tipped somewhere after results?

[rivaldo] 30/5/2017 09:53

Here's Davy's view this morning.

Liberum have issued a 34 page Buy analysis/report on GAN today. Perhaps cumnor should read the report before commenting. In addition, I've had many huge winners on AIM - those who dismiss the AIM completely these days are utterly out of touch.



"Earnings in line with expectations as recurring revenues continue to grow

May 30 2017, 08:54 IST/BST Morning briefing 1 page(s) Read Important Disclosures Sectors: Gaming COMPANIES: GAN DAVY VIEW

GAN’s full-year earnings announcement is in line with expectations with the group’s losses narrowing year-on-year (yoy) as its simulated and real money gaming business lines in the US continued to grow. Revenues grew 30% last year while operating costs grew 12%. This positive operational gearing should continue in 2017 with the benefits of greater scale, such that the group is aiming to be free cash-flow positive by the end of this year. In the first instance, that target is the priority; any potential move by Pennsylvania to regulate online gaming would obviously provide a fillip to the investment thesis given that the group is well positioned in that state, however, there is a way to go yet before such legislation is passed into law."

[cumnor] 30/5/2017 09:31

Which in the context of being an AIM company is, of course, absolutely meaningless.

[rivaldo] 30/5/2017 09:01

Results out today, with a decent increase in revenues. much of which is recurring.

Pennsylvania is the great white hope of course, but all the new simulated gaming contracts should bring about a much improved 2017.

Interestingly Liberum have today initiated coverage with a Buy and a 64p price target:

[jon123] 12/5/2017 09:56

or just another false dawn only time will tell lol

[trentendboy] 12/5/2017 08:34

LOL

"This time I know its for real"

[jon123] 12/5/2017 08:06

yes about time we got a meaningful rns lol then again every time I see the news icon I think the begging bowl is out again

[rivaldo] 12/5/2017 07:49

Unusual - a meaningful RNS from GAN :o))

Not only the launch of simulated gaming with "one of the largest casinos in the world", but also:

"This contract is expected to deliver material revenue and earnings to GAN throughout the remainder of 2017."

[king kong dong] 12/5/2017 07:28

Another simulated gaming contract hits the books....

[bigdog00] 01/5/2017 16:00

The good news here hopefully is that any loan covenants associated with these issues are more favorable than otherwise available to the company.

[trentendboy] 01/5/2017 14:11

LOL - funny to say not much cash left within days of them raising 2 million.

Most from one person of course!

[cottoner] 01/5/2017 09:36

Seriously! :-)

From only a few weeks ago.

The Board of GAN is pleased to announce it has raised £2 million by way of a conditional Placing and Open Offer of 9% Convertible Unsecured Loan Notes 2022. The Company has conditionally placed all of the Convertible Notes with Sir Michael Smurfit.

[rubberbullets] 01/5/2017 08:18

not much cash left

[mip55] 01/5/2017 08:16

I remember GAN issuing this RNS in June 2016:GameAccount Network Statement re Approval of Regulated Real-Money iGaming in PennsylvaniaIt wasn't approval at all and it was never passed into law. Made the company look amateurish in its approach to news releases.Pennsylvania are having a further attempt during this session but there are a series of conflicting bills that desperately need to be consolidated / refined and passed into law before the new Attorney General turns his thoughts towards the potential Federal banning of online gambling.

[cottoner] 30/4/2017 15:08

Wishful thinking?


Regulated Online Gambling: A Billion-Dollar Opportunity for Pennsylvania