GAN Share Price (GAN)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
GAN	LSE:GAN	London	Ordinary Share	GB00BGCC6189	ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+0.00p	+0.00%	23.00p	22.00p	24.00p	23.00p	23.00p	23.00p	0	08:00:00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Travel & Leisure	7.8	-5.2	-5.8	-	15.36

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GAN (GAN) Latest News

GAN News

Date	Time	Source	Headline
18/10/2017	17:50	ALNC	GAN Appoints Euromoney's Karen Ashcroft As New Head Of Finance
18/10/2017	17:32	UKREG	GAN PLC Directorate Change
05/10/2017	09:30	RNSNON	GAN PLC Investor Presentation
28/9/2017	15:17	BW	GAN Announces 2017 Half Year Results Highlighted by Positive clean EBITDA..
28/9/2017	11:54	ALNC	GAN Achieves First Positive Earnings As Revenue Rises In First Half
28/9/2017	07:45	ALNCF	Alliance News Flash Headline
28/9/2017	07:01	BW	GAN Announces 2017 Half Year Results Highlighted by Positive clean EBITDA..
28/9/2017	07:01	UKREG	GAN PLC Half-year Report
25/9/2017	15:18	BW	GAN Schedules 2017 First-Half (H1) Financial Results and Conference Call
07/9/2017	14:09	UKREG	GAN PLC Grant of Options to Directors

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GAN (GAN) Discussions and Chat

GAN Forums and Chat

Date	Time	Title	Posts
16/10/2017	12:25	GAMEACCOUNT NETWORK : gaming software/content developer	355

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GAN (GAN) Top Chat Posts

Date	Subject
22/10/2017 09:20	GAN Daily Update: GAN is listed in the Travel & Leisure sector of the London Stock Exchange with ticker GAN. The last closing price for GAN was 23p. GAN has a 4 week average price of 21.50p and a 12 week average price of 16.50p. The 1 year high share price is 42.75p while the 1 year low share price is currently 16.50p. There are currently 66,801,924 shares in issue and the average daily traded volume is 35,013 shares. The market capitalisation of GAN is £15,364,442.52. Read Full Thread Reply
28/9/2017 09:07	rivaldo: Davy Stockbrokers are nicely positive this morning - the core business is doing well enough as it is, but any positive news from Pennsylvania or elsewhere would send the share price into orbit: "GAN EBITDA break-even in H1 with revenue growth likely to accelerate in H2 David Jennings \| Morning briefing \| GAN’s H1 performance was slightly better than expected at the EBITDA line and in line at the net income line. The group continues to grow its sustainable revenue base while maintaining good cost discipline. Further growth in simulated revenues looks likely in H2, while the market will continue to monitor the prospects for real money gaming regulation in Pennsylvania and elsewhere. Given the foundations that the group is putting in place in the US, it would no doubt benefit materially should such regulation be forthcoming. Even in the absence of such change, the simulated offering seems to be building traction." Read Full Thread Follow Reply
31/8/2017 20:04	trentendboy: Share price rising nicely on demand for shares I guess. Really could fly on contract news but tight on cash as always. Too overweight here to get more but sure is tempting alongside 888 and SCH.Decisions decisions Read Full Thread Follow Reply
31/5/2017 08:49	broncowarrior: Tipped in the Times today, broker sees tripling of share price etc. Read Full Thread Follow Reply
31/5/2017 08:48	rivaldo: Great to see some press attention here - unusually for such a tiddler, GAN is the main tip in today's Tempus column in the Times: Https://www.thetimes.co.uk/edition/business/gan-s-gambling-software-looks-a-good-bet-5w70r36ql "Gan’s gambling software looks a good bet he US gambling market has historically been a place where few British companies have wished to tread, but one exception ploughing a potentially lucrative furrow is Gan. Full-year results yesterday from the London-based business-to-business supplier of online gaming software showed losses narrowing as revenues rose 30 per cent year-on-year to a little under £8 million. Make no mistake, this Aim-listed business remains a tiddler with a market capitalisation of just £20 million, but analysts at its new broker believe the share price could easily treble as investors get comfortable with its model. Gan’s Gamestack software, developed over 15 years, gives physical casinos an online presence, enabling them to go after a digital customer base previously denied to them. At present the company has signed 13 partnerships with major US casino groups out of a total of more than 900, highlighting the potential for growth. Regulators appear to be opening up the market and as the authorities liberalise, the opportunities for Gan will grow, with the company earning money from providing the software that bricks-and-mortar casinos need to get online, as well as taking as much as a 35 per cent share of net gaming revenues. In the first three months of the year, active player-days on Gan’s software platform went above 2.2 million compared with about 1.7 million in the third quarter of last year, while average revenue per daily active user has risen over the same period from $7 to $7.69. These figures point to 2017 being the break-even year for the company as the $50 million investment in its core software starts to come good. And all of this is without factoring in the biggest cash cow of them all, simulated gaming. Here Gan is providing the software for a fast-growing market that allows real-world customers of casinos to buy virtual chips that they can use to gamble online. US law being what it is, these tokens cannot be redeemed for real money, but are instead used to buy services such as food, drinks, hotel rooms and free slot machine bets, building customer loyalty. This is already a multibillion-dollar business and big growth is expected, with Gan well placed. Four years on from its IPO, it appears the time finally might have come to put a few chips behind Gan and its casino clients. My advice Buy Why The US gambling industry looks to be evolving in favour of its business model" Read Full Thread Follow Reply
19/4/2017 08:57	mip55: TEB.... the very reason I asked about your frequent assertions that U.S. gaming legislation is somehow responsible for share price rises is that almost every article about U.S. gaming legislation written by informed sources indicate that there is precious little chance of any prospect of this happening soon. You obviously believe this not to be the case and I wonder where your information is coming from? As a matter of interest Bills were introduced in California, New York and Pennsylvania last year. None were successful. Do you have ANY information that investors are suddenly deciding that this is going to change in the imminent future? Read Full Thread Follow Reply
03/1/2017 05:34	wexboy: 2016 – The Great Irish Share Valuation Project (Part IV): Company: GAN (GAN:LN) (formerly GameAccount Network (GAME:LN)) Last TGISVP Post: Here Market Cap: GBP 25 M Price: GBP 36p GAN’s share price has collapsed 80% from its all-time high in early-2014 – frankly, I’m surprised it didn’t receive a bigger thrashing!? I’m not sure I’ve ever witnessed a more cynical IPO launch – shareholders obviously didn’t realise they were buying into a company which boasted of its growth trajectory, but in reality sported a P&L where half its revenues & all its profits were actually non-recurring! It’s amazing management has even a shred of credibility left, considering the circumstances of the IPO, the subsequent collapse in revenue & the ongoing incineration of shareholder cash. Even now, management keeps reporting something called Clean EBITDA…which is utterly ridiculous & misleading when you’re burning that much cash! And the P&L isn’t much better, since they capitalise as much spending as possible. Anyway, despite innumerable RNSs re contract wins, the only bright spot in the last few years finally came with the release of their H1-2016 interims. This showed a return to growth, with revenue up +35% yoy (driven by simulated gaming) to £3.9 million. Now one swallow does not a summer make, especially with this management team, but noting the revenue trajectory (& recent sterling weakness), an annualised revenue run-rate of £7.8 million would be very hard to miss. Alas, cash burn hasn’t improved – excluding a (potentially once-off?) tax refund, the company’s still burning £6.5 million pa!? Which means cash on hand of £4.0 million (plus £1.75 million from two recent placings) could disappear within a year, unless we see a radical improvement. So, on the one hand, such a company isn’t worth any more than the proverbial pound…but to an investor familiar with the sector, operating margins of 20-25%+ are entirely possible, given a larger revenue base or takeover by a larger competitor. Let’s just split the difference – in my book, that implies a 1.5 Price/Sales multiple, plus cash/less annual cash burn: (GBP 7.8 M Net Revenue * 1.5 P/S + 4.0 M Cash + 1.8 M Placings – 6.5 Annual Cash Burn) / 70 M Shares = GBP 15.6p GAN is still ridiculously over-valued – and still in a hole so deep, it may take a lot more dilution & share price weakness before we’re through… The one giant saving grace here – which may explain the presence of Dermot Desmond with a 4.6% placeholder stake – is the network of (mostly simulated gaming) relationships that GAN’s building up with local casinos across the US. That’s the real intangible value here…which could be an absolute goldmine in the hands of a larger competitor, and/or if the schizophrenic federal/state laws & attitudes re (online) gambling are more comprehensively reformed/relaxed (although, at best that’s bound to be slow & piecemeal). [Now I say it, what does Trump think about all this..?!] Then again, buying into a cash burning company, led by an untrustworthy management team – simply in the hope of a takeover – is almost inevitably a painful experience… Price Target: GBP 15.6p Upside/(Downside): (57)% For related links/graphs/files & other TGISVP analyses/price targets: Google the Wexboy investment blog. Read Full Thread Follow Reply
12/9/2016 09:14	the prophet: DAVY still had a line of stock available last week, I know because I picked some up. They are on the offer again. Number of buys without share price rise suggests to me that they are still working their way through that line of stock. Once that goes, this could shift north rapidly. Read Full Thread Follow Reply
26/8/2016 08:55	rivaldo: Found the Irish Times article with the revelation about the "advanced talks"... Http://www.irishtimes.com/business/technology/gan-looks-at-real-money-gaming-with-us-casino-outside-us-1.2767408 "GAN looks at ‘real money’ gaming with US casino outside US Gambling technology provider gets boost from major £1.3bn Desmond investment Thu, Aug 25, 2016, 06:00 GameAccountNetwork (GAN), the gambling technology provider run by Dermot Smurfit jnr, is in “advanced talks” with a major US land casino operator to launch a real-money online gambling site in Europe and Asia. Real-money online gambling is still illegal across most of the US, although GAN works closely with a dozen casinos which it has helped launch simulated gaming products online, often based around casino games such as blackjack. The big US casino operators have, so far, eschewed the opportunity to enter real-money online gambling abroad, in part to keep onside with US regulators ahead of an expected liberalisation of its online gambling laws in coming years. However, Mr Smurfit says soon hopes to announce a deal to bring a major US casino into Europe’s online gambling sector, possibly later this year. He said GAN, which is backed by the Smurfit family and yesterday announced a £1.3 million (€1.5 billion) investment by Dermot Desmond, has held talks with several US land casinos with revenues of more than $1 billion (€883 million). Mr Smurfit declined to discuss the identity of GAN’s prospective partner. Gambling outside US If a deal is concluded, GAN would supply the technology, the games and the licenses to the US operator, which would then slap its own brand on the service and target only countries where online gambling is legal, but not the US. “We can provide access to countries where there are regulated markets covering 29 per cent of the world’s population,” said Mr Smurfit. “This is a big strategic move for us. The market hasn’t yet seen a major US land casino enter online in Europe.” Mr Smurfit was speaking following the announcement that Mr Desmond’s International Investment and Underwriting (IIU) has boosted its holding in the company, buying a further 4.6 per cent. GAN’s share price has struggled since its 2013 flotation, as an expected liberalisation of US online gambling has proceeded slower than expected. To plug the gap, it has signed simulated online gaming deals with about a dozen casinos. Gritted teeth “We have waited through gritted teeth for regulation to happen faster,” said Mr Smurfit. “Everyone who invested in the flotation probably did so with an eye on real-money gaming. As a backstop, we have simulated gaming, but we are currently a different proposition to the one investors originally considered.” Mr Smurfit says he hopes that the “re-engagement” of Mr Desmond with GAN – he has been a small investor since 2004, although he sold some of his stake in 2013 – gets the stock more attention. He met personally with the media-shy billionaire, he says, in recent weeks to try to convince him to invest further in the company. Analysts said the move by Mr Desmond, who is known for holding stakes long-term in listed companies in the leisure sector, may help allay concerns from some investors over cash burn at GAN. GAN had £3.8 million (€4.4 million) in cash at the end of last year. Analysts speculated it may turn cashflow positive next year." Read Full Thread Follow Reply
27/6/2016 09:28	trentendboy: Share price decline is impressive - delayed legislation and a poor product offering - long way to go here I fear Read Full Thread Follow Reply

GAN share price data is direct from the London Stock Exchange

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