Gan Share Discussion Threads

[festario] 17/8/2021 14:46

I've stuck £25k in, as a trade, at 13.44Hopefully just a day trade!

[mylands] 17/8/2021 14:44

Fest

Really risky IMO

When you get a fast moving market after a set of numbers the market doesn’t like the share price can go anywhere but up!

[festario] 17/8/2021 14:39

I can buy at 13.8p?? What the hell.

[mylands] 17/8/2021 14:34

One word suffices - hammered!

[blueflame] 17/8/2021 13:40

Having read the CC transcript I’m feeling a little bit more upbeat about GAN’s prospects going forward. Pre market trading has recovered slightly from last night sell off so fingers crossed for today. I am still hoping that GAN becomes a takeover target in the not too distant future. One thing though all shareholders should be absolutely delighted by the Coolbet acquisition as without it the share price would be half what it is now.

[daveme] 17/8/2021 10:46

Two points to note:-

"Our U.S sales team is in ongoing active discussions with a wide range of new B2B clients for a long standing core platform offering our omni-channel GAN sports solution, and of course, our new Super RGS equipped with exclusive high value content for which WE ANTICIPATE CLIENT ANNOUNCEMENTS WILL FOLLOW SHORTLY."

"... we are scaling right now to meet the demand from existing and new clients we can see emerging from AN EXTREMELY ACTIVE SALES PIPELINE."

Let's hope some announcements of new clients are made soon to give support to the share price over what I suspect could be a difficult few weeks. Otherwise I don't see the share price recovering until 4th October when GAN have their investor day showcasing their sports betting kiosk and mobile sports betting offering.

[tvh123] 17/8/2021 09:40

Overall encouraging results, but the price would be in the single digits without Coolbet which has proven to be a steal.

In Q1, they were "preparing to apply for a platform provider license in New York" but the economics were never going to work with a platform provider like GAN without a massive reduction in margins under the current limited operator model that Cuomo had championed. Will be interesting to see how things develop on this front.

The most interesting comment by far however was "We are scaling right now to meet the demand from....existing U.S B2C online operators with their own in-house tech, looking to lean on our battle tested platform in selected states as they themselves run short of engineering bandwidth." This is a game-changer - the biggest risk to date has always been major B2C operators bringing their own technology inhouse.

[mylands] 17/8/2021 09:32

Libertine

I have corrected my posting as I was mixing qtrly with half year figures.

[libertine] 17/8/2021 09:29

I think consensus was for loss of 1 cent against actual loss of 6 cents.

You have to decide which was bad the results or the analysts forecast.

[mylands] 17/8/2021 09:11

Others will correct me if I am wrong to say the market was looking for positive eps but sadly once again it was negative, although only marginally, hence the after hours fall.

Let’s hope the price now attracts support as we head to a price level not seen since the days shortly after the launch on NASDAQ.

Why do I keep thinking of those heady days when we were above $30!

I have to correct the above as the loss per share was not marginal for the half-year at 17 cents, albeit down from 38 cents in the first half of 2020.

[rivaldo] 17/8/2021 08:34

The Q2 results look pretty good to me at first glance - $4.6m EBITDA, up from $1.7m in Q1, and the increased revenue guidance reiterated.

Here's the transcript of the results conference call (haven't had a chance to read it myself yet):

[mip55] 17/8/2021 07:46

Walking away from New York is a good result. A $25m licence fee as a platform provider and a tax rate of 51 percent tax rate....no-one is going to make money there. Clearly the major players have to be seen to be there but GANs money can easily be put to better use

[garmin1] 16/8/2021 22:05

Dreadful questions from the analysts so far. Nobody has yet probed the decision not to participate in New York.

[heliweli] 16/8/2021 21:21

Now we know why it's been dropping last few days. Wish I was on the insider list.

[blueflame] 16/8/2021 21:18

Unfortunately the share price is falling. Not good enough is the market reaction by the looks of it.

[heliweli] 16/8/2021 21:16

Ok I suppose.

[tomv33] 16/8/2021 21:12

Q2 results out. $3 million revenue or something, getting better and better!

[tvh123] 16/8/2021 14:09

Disagree - lots of scope for GAN to upgrade FY guidance given how cautious they were in Q1 and how well Coolbet will have performed throughout H1.

[mylands] 16/8/2021 14:02

$22 would be nice!

[longwell] 16/8/2021 13:41

Looking at markets, bad time for Gan to announce.News already in marketplace so no fireworks expected.This will trade $15 to $22 for next six months. Tucking my holding away and revisit In Jan leading to results as then I believe it will rocket back up through figures or takeover.Good luck to all.

[tvh123] 13/8/2021 22:22

Given the recent history of earnings misses, it's hardly surprising that some would prefer to stay on the sidelines...