Gan Share Discussion Threads

[harry the haddock] 10/5/2023 21:18

Well at least it wasn't the usual Smurfit disaster. Some shoots of recovery can be seen imho. Fanduel deal extended by a couple of years. Surely good news but it leaks out during a conference call, wtf???

[napoleon 14th] 06/5/2023 00:25

GAN will release financial results for the first quarter ended March 31, 2023, after market close on Wednesday, May 10, 2023. The .

[john09] 27/4/2023 21:20

Mylands has been here 5 years and not made a penny

[harry the haddock] 27/4/2023 20:07

got to be good news

[...]

[mylands] 20/4/2023 09:01

Positive news!

I find that hard to believe but beggars can't be choosey, so I will take it!

[bskiny1] 20/4/2023 07:25

Looks more positive then Harry fingers crossed for a slow return to the heady 20s

[harry the haddock] 20/4/2023 07:13

Interesting .Sega Sammy have apparently loaned GAN enough to pay off their existing loan plus an extra 12 million ,and all at a more favourable rate.
Sega Sammy have interests/ owns resorts/casinos in Macau, japan and south kores.
On the back of that news there was a big rise in volume with 1 million shares bought in a single deal.
Interesting

[largeronald] 14/4/2023 15:08

It appears yesterday's optimism was somewhat short lived...

[daveme] 14/4/2023 12:10

It looks like they amended and extended their credit facility yesterday removing the possibility (albeit unlikely) they would go bust.

[bskiny1] 14/4/2023 10:48

Thanks Largeronald, a little positive is good...B

[largeronald] 14/4/2023 08:55

Something posted on stocktwits yesterday - I haven't checked the figures

Couple of things to keep in mind:
Coolbet 2020: 84k active customers. Price: $176M
Coolbet 2023: 310k active customers. Price $54M including GAN Ltd...

[largeronald] 14/4/2023 08:54

Pretty large rise yesterday with no apparent news.

Any theories?

[smurfit_the_conman] 05/4/2023 21:03

It's dropped because it's quite clearly being wound up and sold off, to the betterment of dermot and the bod. Not us. It's over.

[daveme] 05/4/2023 20:16

I wonder if the 9% drop today is due to lots of small UK investors crystallising a tax loss at the end of the tax year? Or because no one has any faith left in Dermot to turn things around!

[molatovkid] 31/3/2023 15:29

Same time as you!

[john09] 31/3/2023 13:57

How many years have you lot been here

Clueless

[mylands] 31/3/2023 13:36

Slammed again, hardly surprising after last night's news.

[molatovkid] 31/3/2023 07:47

What I missed from my post but the Stocktwits board brought to my attention was the potential issue with the banking covenants that was revealed in the results webchat. Not exactly reassuring, but might finally start Smurfit doing what he should have done ages ago, and start some aggressive cost cutting. I think he's got ahead of himself. Buying that design studio was over the top and setting up flash IT hubs in Miami....perhaps all good if you are making money but a drain if you are not.

[mylands] 31/3/2023 07:25

Good post Molatov, the only thing, missing is that this company always fails to meet market expectations.

I should have heeded my concerns of several years ago when we fell from over $30 to below $10 while our CEO kept issuing the same positive statements, and if I had sold I would have come out ahead of breakeven.

Hindsight is a great thing!

[molatovkid] 31/3/2023 01:16

So what to make of all this?

Well, revenue is up 20% on the same quarter last year and 13% on the previous quarter. Revenues are growing. So that is one positive.

Secondly if you strip out the non-cash impairment and depreciation costs, then I make a loss per share of 0.135 which is marginally better than the 0.14 forecasted. We beat earnings (sort of....) !!!!

Thirdly, GAN have £45m in cash. So no immediate cash issues.

Fourthly, B2B revenue is still growing and a big part of our overall revenues - so can they just walk away from this??

Overall, I don't think it is as bad as it first appears. The headline figures aren't great admittedly. The strategic review needs to start cutting costs in the 4 main areas below. Reduce those by 15-20% and we make money.

[napoleon 14th] 31/3/2023 01:06

mylands - disastrous indeed!
How long does the smurf need to come good?
I remember the $30 days when $60 was being touted... Crazy!

hxxps://investors.gan.com/websites/gan/English/2110/news-detail.html?airportNewsID=38bd3566-1591-4250-8a80-45ea8392b54d

[jon123] 30/3/2023 20:18

They know how to mess it up good style so they got that bit right lolIt's about time they got rid of the smurf and got the ex coolbet boss in his place to run the company