Share Name Share Symbol Market Type Share ISIN Share Description
Gan Plc LSE:GAN London Ordinary Share GB00BGCC6189 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50p -0.88% 56.00p 7,832 09:00:51
Bid Price Offer Price High Price Low Price Open Price
55.00p 57.00p 56.50p 56.00p 56.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 10.57 -6.69 -7.67 47.6

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Date Time Title Posts
16/5/201917:16GAMEACCOUNT NETWORK : gaming software/content developer3,027
29/4/201920:15GAN Plc (GAN) One to Watch 1

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Gan Daily Update: Gan Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker GAN. The last closing price for Gan was 56.50p.
Gan Plc has a 4 week average price of 51.50p and a 12 week average price of 41.50p.
The 1 year high share price is 79.50p while the 1 year low share price is currently 41.50p.
There are currently 85,051,924 shares in issue and the average daily traded volume is 28,552 shares. The market capitalisation of Gan Plc is £47,629,077.44.
rimau1: I hardly post but i am a LTH here, many thanks to Noujay for the regular updates that make great reading, this is def one of the better boards. The part I liked from the PPBF update was “we estimate the overall US opportunity to be 10 times that of New Jersey”. I also quite like the Gan price movement at the moment, when we were in the 60-70’s the stock became very volatile and encouraged a trading mentality, this feels like 50p is now the floor, and for me this is still a compelling entry price for anyone who missed the ridiculous 40’s. The outcome of the strategic review will be very interesting, firms rarely get a good price when they host the for sale sign versus being approached but as others have said a sale or strategic partnership is the only way Gan are going to grow scale quickly, speed is vital as the market deregulates, organic is too slow and Gan are too small, look how PPBF have stolen a march on Hills who were the original No1 incumbent in Nevada with the strongest brand.
longwell: They push price up ro encourage sellers. They are after your shares so dont sell. Steady rising share price is whats needed not this manipulation to pump and dump share price.
noujay: Worst case (for me) of somebody wants to buy this, then a premium on a higher share price certainly for the better for all here.Got through that 55p in fairly short order..
noujay: I have considered whether something like that could be the angle although given where the money came from initially I can't see why the large holders would be keen not to get their return.The only defence against it for retail investors is a significantly improved share price (ie they can't undersell it if it's fully valued) and given a value gap is exactly what they are attempting to narrow with this process I don't sense that's the play.However like you I've seen enough to know there could be machinations beyond the obvious!
mip55: Listing criteria for Nasdaq from investopedia - general requirements plus the following specific categories of application:In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.Standard No. 1: EarningsThe company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no single year in the prior three years can have a net loss.Standard No. 2: Capitalization with Cash FlowThe company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.Standard No. 3: Capitalization with RevenueCompanies can be removed from the cash flow requirement of the second standard if its average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.Standard No. 4: Assets with EquityCompanies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.A company has four ways to get listed on the Nasdaq, depending on the underlying fundamentals of the company. If a company does not meet certain criteria, such as the operating income minimum, it has to make it up with larger minimum amounts in another area, like revenue. This helps to improve the quality of companies listed on the exchange.After a company gets listed on the market, it must maintain certain standards to continue trading. Failure to meet the specifications set out by the stock exchange will result in its delisting. Falling below the minimum required share price, or market capitalization, is one of the major factors triggering a delisting. The exact details of delisting depend on the exchange.
lbo: So they raised money last year at 50p and then a Director sold shares at 51p and now results showed increased losses and then the company put up for sale but has not had an any offers according to the official RNS ( although its claimed on here supposedly its for for sale for 1 pound) but the share price fell below 50p when the results and sale news came out?
igoe104: Good spot rimau1, it just makes you wonder how big GAN share price will be if more than 10 states open up over the next few years. I wouldn't surprised if GAN software isn't involved in every state that comes live. $$$$$$$$$$$$$$$$
martinthebrave: Graham Neary highlighting #GAN today. This will only help to lift the share price I bought more today at 60p & 69.5p. GAN (LON:GAN) •Share price: 70.5p (+7%) •No. of shares: 70 million •Market cap: £49 million Equity Subscription I'm not familiar with this company but it struck me as an interesting piece of news after the recent bombshell announcement by the US Supreme Court, which means that US states are now free to make their own rules on sports betting. Apparently, the black market in US sports betting is about 10x larger than the legal market, and much of this could be about to go legal. Shares in the tiddler Webis Holding (LON:WEB) have been powering higher, and so have shares in GAN (LON:GAN). GAN ("Gameaccountnetwork") is a provider of technologies, platforms and games to online casinos. Demand for GAN shares is so high, that the company has been able to raise £7.5 million at 50p, even with today's share price at 70p. GAN will be debt-free as a result, and: The Company plans to use the net proceeds of the Subscription to substantially increase GAN's software engineering resources to better serve existing major US clients' services such as the Overseas Internet Casino, launch new US clients and new services in the US in anticipation of Internet sports betting following the US Supreme Court's decision to lift the Federal Ban on sports betting delivered on May 14, 2018. The company has been unprofitable in recent years but perhaps it is going to turn the corner soon, with so much new opportunity? Worth investigating.
rivaldo: Good news yesterday and now today too. Today's extension is particularly important as it shows a high degree of confidence in GAN's performance and systems from Paddy Power Betfair. I wonder if the prospect of the renewal of the New Jersey agreement has been holding the share price back? If so we may see some movement here today: Http:// "GAN extends iGaming deal with Paddy Power Betfair in New Jersey Multi-year Extension by Key Client of GAN's iGaming Platform Services London & Dublin | April 18, 2018: GAN plc ("GAN" or the "Company") a leading B2B supplier of Internet gaming enterprise software-as-a-service solutions to the US land-based casino Industry, today announces that key client Paddy Power Betfair Plc has entered into a multi-year extension with GAN for the continued provision of Platform Services in New Jersey's fast-growing Internet gaming market. Paddy Power Betfair Plc and GAN collaborated in 2013 to launch reliant on GAN's Internet gaming system and associated services and has since established a significant and profitable Internet casino in New Jersey. Management Commentary Dermot Smurfit, CEO of GAN commented: "We're privileged to renew and extend our agreement with Paddy Power Betfair in the United States, one of the largest Internet sports betting and gaming operators in the world today. Our respective teams have performed well over an extended period in order to establish as the leading independent Internet casino in New Jersey. We look forward to continued shared success." Kip Levin, CEO of Betfair US commented: " offers a unique iGaming product experience for customers in New Jersey. The extension of this agreement is a reflection of GAN's flexible technology system, 'can-do' attitude and their overall commitment".
gersemi: 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.
Gan share price data is direct from the London Stock Exchange
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