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
  5.00 4.72% 111.00 2,473,830 16:35:02
Bid Price Offer Price High Price Low Price Open Price
108.00 111.00 120.50 106.00 107.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 10.57 -6.69 -7.67 94
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:02 UT 1,000 111.00 GBX

Gan (GAN) Latest News (7)

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Date Time Title Posts
19/10/201911:57GAMEACCOUNT NETWORK : gaming software/content developer4,631
29/4/201920:15GAN Plc (GAN) One to Watch 1

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Gan (GAN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-18 15:35:02111.001,0001,110.00UT
2019-10-18 15:29:22116.007,0008,120.00O
2019-10-18 15:29:18109.75675740.81O
2019-10-18 15:28:58109.95454499.17O
2019-10-18 15:28:52105.0022,50023,625.00O
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Gan (GAN) Top Chat Posts

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 106p.
Gan Plc has a 4 week average price of 72.50p and a 12 week average price of 64p.
The 1 year high share price is 120.50p 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 830,820 shares. The market capitalisation of Gan Plc is £94,407,635.64.
busterdog2: Shares on both markets would trade the same, if not traders would buy the shares on say Aim at the lower price and immediately sell them on say Nasdaq at higher price so Aim would be forced to track Nasdaq and presumably the shares would be given a higher rating in the US which in turn would be reflected over here. Should be very positive for the share price.
rivaldo: Nice :o)) Https:// "Unprecedented year on year growth rate" in Q3. Plus "strong growth in real money regulated gambling in the US" Plus "Active Player-Days at 5.4 million is an increase of 59% year-over-year and increase of 13.5% quarter over quarter" Bounce coming methinks.... "The exceptional growth rate year on year is exaggerated by (i) mass-market U.S. Internet sports bettors in New Jersey crossing over into the online Casino before, during and after sports events, which is proving particularly lucrative for GAN; and (ii) the faster-than-anticipated ramp-up of Pennsylvania Internet gamblers, since launch in June 2019, which today sees more Pennsylvanians gambling online than residents of New Jersey, which has been online since November 2013 (with Internet sports betting since September 2018)."
ltinvestor: Smurfit owns around 9m shares in Gan!Last year he sold 250,000 at 55p and the price moved up to 90p.I expect the present share price to gain significantly before his next sale in 12 months time.
busterdog2: Could someone explain why a US listing is seen to be beneficial to the share price over here? I know the presentation states that "valuations remained higher for US-SaaS operating businesses" in the US but I'm struggling to get my head round the thinking that the share price here will track that of the share price in the US. Thanks in anticipation.
noujay: Looking at Flutter results and cross referencing that with the official NJ revenue numbers from their DGE:Flutter stated yesterday that Betfair casino has 15% market share. 15% of net revenue from online casino to period ending June 30th 2019 is $27,726,000GAN share of this revenue has been stated by DS as 10%.I maintain a monthly model to try to keep abreast of where I think we sit as the year progresses and new clients come online. In this model I estimate a conservative 5% on the basis that if my model hits forecasts then the reality is GAN will beat them handily.On my 5% estimate, so far this year I have slightly over $1,000,000 revenues to GAN via Betfair Casino for the period ended June 30th.Further, on the Fanduel sports revenues side (again based on 5%) I have slightly over $1,750,000 to date.So on that basis we currently sit at $2,750,000 with the busy months ahead of us as we head into NFL season.Let's just assume the numbers simply repeat for the second half. This brings us to a revenue figure of $5,500,000 (£4,524,000).All based on 5%.Now some food for thought...Liberum forecast £2,700,000 in revenue from Betfair /Fanduel for full year 2019. At today's rate that's basically $3,250,000.The reality of the second half is that it will generate significantly more revenue than H1.If we adjust my conservative 5% to 7.5% which is still below the DS stated 10% the revenues for the full year (based on simply matching H1) would jump to $8,400,000 or, at today's rate £6,910,000.The long and short of this is that even if my conservative numbers were fully 40% off then GAN will match the broker forecast.As I see it either my numbers (all taken from official sources and cross referenced with Flutter statements and half year accounts) are off or it really is time the broker bashed out another note with some fresh forecasts...Of course would be delighted to hear any commentary or research which contradicts my thinking or numbers.P.S. Peter Jackson of Flutter in an interview yesterday said that that in the first few days of online sports betting in Pennsylvania they already have seen staking volume at 20% of those in NJ.
noujay: With regards to the share price, the broker target (based on sum of the parts valuation) is 85p.Discount say 10% for in-house optimism (albeit they have held this steady for a long while now) which gives us just over 75p. So not far off.However, the trading updates suggest that they will match or beat expectations this year. I think they are probably slightly behind forecast on underlying revenues as things stand after 6 months, although admittedly that is based on forecast spread simply over 12 equal months, whereas in reality H2 is the moment where it accelerates and I expect that this will significantly over perform current expectations.So if we say that 75p is about right at this stage there is a hell of a lot extra to look forward to which comes outside the scope of the latest broker note and estimates, e.g. Fanduel casino in Pennsylvania, plus Indiana and Iowa aiming for September 1st starts.Between these additional factors and some additional premium based on a fast moving landscape which may see up to five more states regulate in 2019, IMO a share price of £1 is undemanding between now and the starting pistol for NFL.Just a few thoughts anyway. GLA
rivaldo: This train really is rolling now..... Https:// "GAN PLC Legalization of Online Sports Betting in NH GAN Welcomes the Legalization of Online Sports Betting in the State of New Hampshire London & Dublin - June 14, 2019: GAN plc ("GAN" or the "Company"), an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, welcomes the signing and legalization of internet sports betting in New Hampshire. New Hampshire is the 14(th) State to legalize sports wagering in the US and the sixth to do so this year. Following the launch, nearly 21% of the total US population will be able to place sports wagers online. The sports betting legislation received approval in the New Hampshire House yesterday, June 13(th) . The bill will now go to the Governor, who has already included sports betting revenue in his state budget and is expected to sign the bill within the next three to four weeks."
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.
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.
Gan share price data is direct from the London Stock Exchange
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