Gan Share Discussion Threads

[someuwin] 27/11/2017 11:17

Shares Investor Evening (London)

Wednesday 29 November 2017


Come to the Shares and AJ Bell evening event on 29 November 2017 in London and find out more about Avation, GAN , Metminco, and Touchstone Exploration plus more companies to be announced...

[noujay] 25/11/2017 17:53

Where's that coverage from?

[gersemi] 25/11/2017 11:19

Betting on profit turnaround

Loss-making online gaming software provider GAN (GAN) is also reaching a point where it could move into profit in the next couple of years.

GAN will benefit from the decision by the State of Pennsylvania to make real money online gaming legal. GAN already has a full US gaming licence from New Jersey, and the other states where online gaming is legal are Nevada and Delaware. That accounts for around one-tenth of the US population. Michigan and New York are thought to be considering legalising online gaming.

There are two clients of real money gaming in New Jersey and a further 10 in Europe. GAN has signed up 13 US casino operators to its simulated gaming service, which is used by casinos as a promotional tool. GAN says that the GameSTACK real money gaming system is deployed with Parx Casino in readiness for launch in Pennsylvania

GAN generates its income from a revenue share with its casino operator customers. There is not just a relatively fixed cost base but, in 2016, that underlying cost base was reduced from £9 million to £8.7 million and there was a further decline in the first half of 2017.

GAN is still expected to make a pre-tax loss this year and next year based on forecasts prior to the Pennsylvania announcement. These forecasts could be upgraded if more casinos sign up for online gaming.

One thing to be aware of is that GAN is likely to seek a US listing in the next year. That would probably involve a switch from AIM to the new listing rather than retaining a UK quotation. It makes sense for the business to be listed in the US, which is likely to be its principal market and it could generate a bounce for the share price.

[noujay] 24/11/2017 19:08

Could well be, they have something very interesting

[alan@bj] 24/11/2017 14:11

Wonder if some of the papers will have this as one of their Share Tips for 2018?

[rivaldo] 24/11/2017 11:08

Noujay, I do. It's a whopping 18-pager.

I'll copy some juicy titbits from it next week after it's had a chance to circulate unless anyone else does it first! Remind me by Tuesday/Wednesday if I haven't got round to it.

[mylands] 24/11/2017 10:43

rivaldo

That's a 10p (15%) increase in less than a month. Quite a re-rating in such a short time.

[noujay] 24/11/2017 10:07

Do you have a copy rivaldo?

[someuwin] 24/11/2017 07:45

Cheers rivaldo - good news.

74p represents 100% premium from here.

[rivaldo] 24/11/2017 07:38

Liberum have a big new Buy note out today - they've raised their target price to 74p (from 64p) based on potentially large profits from (1) the new Pennsylvania legislation and (2) the European internet casino roll-out....

[busterdog2] 23/11/2017 17:50

Talking Turkey or old school pun?

[someuwin] 23/11/2017 13:33

...Oh yes - forgot about Thanksgiving Day.

[phowdo] 23/11/2017 13:29

They'll be too busy stuffing their birds today ;)

[someuwin] 23/11/2017 13:22

Quiet day so far. Will we see some afternoon buyers?

[noujay] 22/11/2017 16:22

Good to see some better price action. It's getting closer now to the senate decision in December plus close of H2 and the visibility that should give.

[rivaldo] 22/11/2017 15:45

Moving up strongly on low volumes - presumably not much stock around.....

Potentially big upside here on the market catching on to what's happening, and to the high recurring income from the existing revenue streams.

[someuwin] 22/11/2017 14:26

GAN often starts to move up in the afternoon. US buyers I expect (makes sense as that's where they are based now).

[someuwin] 22/11/2017 11:08

And of course in just one week's time GAN will be presenting in London...

GAN to present on 29 November 2017 at the Shares and AJ Bell Spotlight Evening in London

[someuwin] 22/11/2017 10:15

CEO presenting in USA two weeks today (December 6th)

Must mean that the US listing news is very close - imo.

[someuwin] 22/11/2017 08:40

I can currently get an online buy quote for £2k. But not £3k or above.

[someuwin] 21/11/2017 14:35

Yup - the trickle of buys could easily turn into a torrent soon.

[noujay] 21/11/2017 13:39

Agree. It's nudging up at least