Gan Share Discussion Threads

[mr doughnut1] 22/6/2018 14:37

From RNS 9th April 2018 for KPI Q1
'Key performance indicators for Q2 2018 will be released with the interim results in Q3 2018'.
I'm not sure what this means, time scale wise, for the release of the next set of indicators but it appears that they might be delayed.
I personally would have thought that the company would want to keep the positive news flowing?

[busterdog2] 22/6/2018 11:55

Microcap Millionaires says BUY #GAN $GAN. Sean Keyes suggests "With a little help from sports betting, it’s fair to forecast GAN will be making £15m in EBITDA profit by 2020. Times a multiple of £15 gets you to £225m, for a potential 400% profit. BUY GAN (AIM: GAN) at 53p."

I copy/pasted that comment and all it basically says is that profits should increase and along with them the share price. I don’t know whether £15m EBITA is about right or not and I doubt Sean Keyes does either.

[cumnor] 22/6/2018 08:36

So illiquid-the same PIs who sold their few shares at 51-52p over the past few days will now be asked to pay high 50s-60 to buy the same few back. MMs can read the mug punters (who shouldn't really be in a share like this if they can't afford to hold) like e a clock and a swing of 20-30% is not beyond the realms of possibility on no news or sentiment change as they milk the mugs.

[ny boy] 22/6/2018 08:15

Good reaction to the recent bear trap to early 50’s, onwards & upwards.

[rivaldo] 22/6/2018 08:14

Hi Noujay, the 18th April note from Liberum is the last one I've seen too.

I suspect an H1 trading or KPI update - which was 5th July last year - may bring with it new notes from both Liberum and Davy. It's surprising they haven't issued new commentary since the PASPA repeal news, though it must be difficult to compile revised forecasts given the uncertainties on when all the new revenues will come through, how much etc. It'll be interesting to see what they believe an upside scenario might mean for the share price :o))

[mip55] 22/6/2018 08:04

New York Assembly ended its 2018 session last night with no progress on passing a sports betting bill however.....The good news is, the legislature will undoubtedly want to revisit sports betting next year. Failure to pass sports betting legislation will put the state at a competitive disadvantage to the other states in the region.Sports betting is already up and running in New Jersey and Delaware.Pennsylvania and West Virginia have passed legislation, and Rhode Island is just a governor's signature away from joining them.Massachusetts and Connecticut are actively considering legalizing sports betting.That said, barring significant turnover in the mid-term election, the legislature still needs to find enough votes to pass a sports betting bill.

[gersemi] 21/6/2018 18:33

Interesting volume today. Yes, H2 is when we should see better action

[mip55] 21/6/2018 17:36

The bad news is Noujay.....as that article states only the House had passed the bill However......the good news isOn Wednesday, the Rhode Island senate approved the state's fiscal 2019 budget, and Gov. Gina Raimondo said she intends to sign her approval by Friday. The $9.6b budget includes $23.5m that the state expects to earn as its share of the first year of legal sports wagering.

[noujay] 21/6/2018 14:47

So Rhode Island just approved:https://www.legalsportsreport.com/21283/rhode-island-sports-betting-house-approval/Just going to be run out of two Twin River casinos, which GAN have counted as a client since 2016.Anybody would think GAN management had been following a roadmap..

[trentendboy] 21/6/2018 11:00

price looking attractive again now - froth has come off a little

[noujay] 21/6/2018 10:18

H2 will be absolutely transformative for GAN and represent the start of a significant growth story.Rivaldo have you seen any updates/notes from Lib of late? 18th April was last note I saw and obviously a couple of somewhat significant developments since then..

[ltinvestor] 21/6/2018 09:40

Parx “is busy preparing for its online casino with Gan “

[noujay] 20/6/2018 12:55

These numbers bode very well for Parx and ergo GAN, who get a nice mention in the article:https://www.pennbets.com/table-game-revenue-may-2018/

[alan@bj] 19/6/2018 16:21

I expect to be in the doldrums for a few weeks as we wait for newsflow. Q3 should see some action.

[busterdog2] 19/6/2018 15:43

It works both ways.

[mr doughnut1] 19/6/2018 14:45

Just added again. The share does have a habit of slightly irrational drops on relatively low volumes.

[noirua] 19/6/2018 14:16

52.175p buy seems a very low price at the moment - tempting. Worth an appropriate gamble.

[noujay] 19/6/2018 13:41

Somebody is mopping them up should pop back fairly quickly

[jon123] 19/6/2018 13:13

because there MM fodder

[igoe104] 19/6/2018 12:29

Michigan lower house paves way for legal online gambling.


The lower house of the Michigan state legislature has passed a bill opening the doors to legalized online gambling and sports betting in the state of 9.9 million people


Some folks have no patience, why sell ? when things are just starting to get juicy....

[molatovkid] 17/6/2018 12:18

Wait till the big boys are asked to link up their casino clients patrons online gaming, on property accounts and rewards programmes....uh oh....dang, someone has the patent already....its them GAN guys again.

[gersemi] 17/6/2018 12:00

Market interest needs to return and for that to happen when need company specific news - contracts, partnerships etal with these delivering income, earnings and cashflow - or, yes, an approach - I am sure at some point the aforementioned will occur

time will tell

[trentendboy] 17/6/2018 11:48

The key for GAN is the casino sports book linksThey will have to fight off the big boys like William hills and GVCSimpler to get taken outSomeone will be looking.Still think PTEC the most obvious to give them a US position

[noujay] 15/6/2018 17:16

More the merrier, get the whole damn country hooked up..apart from Utah obviously!

[igoe104] 15/6/2018 16:44

Looks like a large casino with 1200 slots is going to be built.