Gan Share Discussion Threads

[igoe104] 01/5/2019 08:38

Its just a matter of time with this share, its all about the ( red tape) in getting the states up and going. good to see the confidence with possible other states getting stated.


GAN is increasingly confident in the long-term prospects for intra-State real-money gambling in the US and believe the opportunity of Internet sports betting may now serve as a catalyst for other US States to regulate both Internet sports betting as well as Internet gaming with recent regulatory progress noted in the States of Ohio, Indiana, Montana and Tennessee

[mylands] 01/5/2019 08:29

Problem with big jumps in the share price of a small-cap company, is that they simply draw out the sellers who have been stuck in the stock as it drifts down, and they see this move as an opportunity to either cut their losses or take a profit.

What we now need are positive media reports and some brokers' buy recommendations.

[igoe104] 01/5/2019 08:23

With Pennsylvania kicking off soon and other states, you can see big percentage increases for many years to come.

[mylands] 01/5/2019 08:13

Maybe my 25% premium for a bid I posted yesterday was a bit conservative and premature!!

[molatovkid] 01/5/2019 08:06

topped up - showing as a sell!

[noujay] 01/5/2019 07:52

This sort of statement and growing momentum ought to start attracting some fresh retail investors given the story is just starting.Cash position looks very healthy.Regarding an offer I can only see a very significant one encouraging a sale at this point otherwise far better to just ride the opportunity all the way.

[molatovkid] 01/5/2019 07:37

Longwell, good point. Hard to believe the Smurfitts would sell out now, just as the wider US market opens up and things are going so well - then again, if the price is right....

[longwell] 01/5/2019 07:26

Good update.
Need to trade independant and not be sold for another 2 years.

[cheshire man] 01/5/2019 07:26

Always nice words to read on a TS

"Ahead of expectations" :-)

[rivaldo] 01/5/2019 07:23

Excellent Q1 trading statement, with revenues ahead of expectations and a £0.6m EBITDA in the quarter.

Plus an £8.6m cash pile with no need to raise any more funds.

And a "highly positive" outlook, including Pennsylvania internet gambling "now expected to commence before the end of June".

Looking very good indeed.

[lucicavi] 01/5/2019 07:16

nw9929 Mar '19 - 15:16 - 2827 of 2976
0 0 0
Only bought because John 09 was slagging it off he is usually a reverse indicator



Well done mate yes i agree he a pumped up strumpet missed good gain here
Just off to golf now

[metis20] 01/5/2019 07:13

Extracts from today's Q1 trading update -

Financial Highlights for the First Quarter 2019 - Record Revenues and Return to Positive EBITDA

GAN generated record revenues of £4.6M during the first quarter ended March 31, 2019, up 122% on a year-over-year basis when compared to the first quarter of 2018 and approximately £0.2M (+5%) ahead of expectations provided as part of the Company's financial results call held on March 29, 2019. This is primarily driven by higher than expected growth of New Jersey's sports betting in addition to higher than expected casino cross-selling from internet sports bettors into internet casino gaming during the Q1 period.

The Company also generated positive EBITDA of £0.6M in the unaudited Q1 2019 period, returning the Company to positive EBITDA following the strategic investment cycle to expand the Company's engineering resources.

As of April 30, 2019, GAN enjoys a debt-free balance sheet, including £8.6 million in cash and cash equivalents. Management has reiterated there will be no need for additional capital raises in the foreseeable future.

2019 Outlook

The outlook for 2019 continues to remain highly positive for GAN as it continues to see rapid growth in real money gaming in the US markets as well abroad. In addition, the Company continues to see higher than expected growth in regulated sports betting markets which it believes will lead GAN to a record year. The Company maintains its full year guidance of mid to high double-digit revenue growth with positive EBITDA.

[nw99] 01/5/2019 07:11

Looking good

[mad foetus] 30/4/2019 19:09

Mildly interesting

[noujay] 30/4/2019 19:08

Could equally be Penn online sports betting moving online later this week (Parx will be among first movers), or perhaps just the broader realisation sinking in that GAN are just at the start of what could be a very profitable journey indeed.Here's hoping!

[trentendboy] 30/4/2019 18:54

That will be it I suspectOne could imagine fan duel buying GAN easily enough - for loose changeUpside is considerable

[noujay] 30/4/2019 18:27

Perhaps the regulation of mobile-only online sports betting in Tennessee a few minutes ago.The governor just indicated he will let the bill go through. Looks good for Fanduel.More legislative momentum to come over the next week or so as a few kick on before sessions close.

[remarkomsoc] 30/4/2019 18:06

wot o wot is going on

[trentendboy] 30/4/2019 17:52

Nice end to the day70 is still my short term targetWon't need much to jump it up there

[noujay] 29/4/2019 22:47

Preferable

[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