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	Shares Traded	Last Trade
	+0.00p	+0.00%	60.00p	9,665	08:00:00

Bid Price		Offer Price	High Price	Low Price	Open Price
58.00p		62.00p	60.00p	60.00p	60.00p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Travel & Leisure	9.12	-4.22	-4.96		51.0

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GAN (GAN) Latest News

GAN News

Date	Time	Source	Headline
18/9/2018	16:40	UKREG	GAN PLC Second Price Monitoring Extn
18/9/2018	16:35	UKREG	GAN PLC Price Monitoring Extension
18/9/2018	16:19	ALNC	GAN Interim Performance In Line, Plans To Focus On US In Second-Half
18/9/2018	15:53	BW	GAN Trading Statement & Notice of Results
18/9/2018	14:53	ALNCF	Alliance News Flash Headline
18/9/2018	14:41	UKREG	GAN PLC Trading Statement & Notice of Results
14/9/2018	15:00	BW	GAN Announces Appointment of Leading Intellectual Property Litigation Firm..
14/9/2018	10:49	ALNC	GAN Awards Contracts Litigation Firm To Enforce US Patent
14/9/2018	07:00	UKREG	GAN PLC Statement re: Patent Update
10/9/2018	13:00	BW	Sports Betting now online in New Jersey

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GAN (GAN) Discussions and Chat

GAN Forums and Chat

Date	Time	Title	Posts
20/9/2018	16:28	GAMEACCOUNT NETWORK : gaming software/content developer	1,977

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GAN (GAN) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
2018-09-20 14:34:26	58.00	518	300.44	O
2018-09-20 11:00:50	58.00	3,129	1,814.82	O
2018-09-20 08:47:03	59.00	1,694	999.46	O
2018-09-20 07:23:34	58.10	4,324	2,512.24	O

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GAN (GAN) Top Chat Posts

Date	Subject
20/9/2018 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 60p. GAN has a 4 week average price of 55.50p and a 12 week average price of 51p. The 1 year high share price is 79.50p while the 1 year low share price is currently 21.50p. There are currently 85,051,924 shares in issue and the average daily traded volume is 197,445 shares. The market capitalisation of GAN is £51,031,154.40. Read Full Thread Reply
19/9/2018 10:12	rivaldo: With everything due to come in this H2 and next year, it's logical but somewhat short-termist to sell on a few doubts about the H2 turn-out due to a couple of minor delays on timing. Particularly as one of the "contingent" issues is the take-up of Internet sports gambling in New Jersey, which looks like it has already stated extremely healthily. Like others above, I'm quite happy for the share price to fall or consolidate at present as it'll give opportunities to top up as time goes on. Read Full Thread Follow Reply
10/8/2018 08:08	molatovkid: The other point that is worth repeating is that, as evidenced in the recent FanDuel RNS, GAN share in the revenues not the profits. So my take on this is that as long as plenty of wagers are placed through the GAN systems we start getting a share regardless of whether that turns into a losing or winning bet later. Read Full Thread Follow Reply
31/7/2018 12:28	carcosa: Thanks for (some) of the feedback. Ref the Debt. Yes I had missed that item. Reading back I see those expensive Loan Notes were in fact with Michael Smurfit rather than him having a placing he went the Loan note way which is interesting, and perhaps overall a positive thing to do IMO. Hopefully next time around they will actually issue some 'real' Loan notes at a more reasonable interest rate. Anyone recall if an explanation of the situation regarding the issuance of those notes to Smurfit was provided? However my point remains that cash burn is such that further debt will have to be raised at the end of this year; am estimating around 0.8m left in the bank at year end, and given the likelihood that additional funds will also be needed commensurate with the market 'opening up' then the cash burn rate will likely increase thereafter because no real profits are likely in the medium term. The expense rate of the R&D is indeed appropriate, unlike many other software companies. Definitely a plus point. The recurring revenue nature of the business is a positive attribute. "...essentially the US is opening up and it’s very clear that not only is it doing so but equally that this is just the beginning. " My point is that the 'opening up' appears to be years away in reality and very few States are indicating sports betting will be permitted. Indeed the Parx/GAN agreement is set against the backdrop of a $10m fee 41% tax rate (read elsewhere it was revenue) may be seen by some State legislatures as the starting point now. Nevertheless potentially more than enough for GAN to handle in future years. Whilst M&A activity is interesting at a sector level I am loathe to buy into a loss making company in the hopes of it being taken over. If it happens then great, but I see that as a bonus. Does anyone see the reverse e.g. GAN as being in an acquirer of companies? 'with GAN you're buying potential' Yes, definitely agree with that. How to value the company today is a bit of a black art though. Forecasts are not that great considering where the share price is. Would still be interested in seeing the investment case here with some real numbers. At the moment it seems a share to keep an eye on but no reason to be heavily into this share until mid/late 2018 especially after a potential equity raise; the company is certainly raising its profile to go that route. Anyway, I think I have made my points and will await to see what the rest of the year brings! Read Full Thread Follow Reply
31/7/2018 10:27	carcosa: Just thought I'd pop in here and ask a few questions, as I am relatively new shareholder in this company having taken out a speculative position. From what research I have done I am left with the following impressions. Being a shareholder means that you are really backing the potential of the US Supreme court regarding the acceptance that sports betting is now 'possibly' legal in the US. Each state has to enact the appropriate legislation. In practice this will be up for legislature debate in most States sometime in 2019 and thereafter, most likely, it will be 2020 before anything substantial is likely to happen. However most States/Governors are not interested in having sports betting so most will not permit it. Many States require a resident's vote which is unlikely to succeed and Many Governors are against the idea. States which have Indian reservations where betting is permitted have special rights most likely meaning that anywhere outside of those areas will not be able to have sports betting anyway; significantly making barriers to entry somewhat impossible. The cash/economic benefits of sports betting to the State are seen as very attractive but gaming licenses and revenue share to the State are extremely onerous so it seems unlikely that new entrants will want to take that risk. Furthermore even in States that have legal sports betting they are often very restrictive in what and where they can offer sports betting In summary then I don't see much really changing in those States that do not already have Sports betting approved i.e. the existing nine US States. Now GAN... Any investor reading their Presentations i.e. 'me' can't help but be impressed by all those hundreds of millions of US dollars. However they are talking about their customers business and not their own which is pitiful in comparison. Furthermore much of their rhetoric is in reality a sales brochure for their customers; discussing things like how much GAN drives customers to them. For all of their bluster GAN is not making a profit; in fact forecasts do not show a meaningful profit until December 2020 on a reduced turnover to that of 2019. But that is so far in the future as to be pretty much meaningless. Seems apparent to me that by the end of this year there will have to be yet another cash call on investors or debt to keep the lights on. The current interest payments on their current debt is quite high too and if bank rates do increase as they are predicted to then further debt options will be correspondingly higher. But it is worse than that. If all these news reports are to be believed then additional R&D/investment/admin will be required so quite possibly a significant investor dilution is possible in 2019. The current share price is being held up by newsflow alone. There is no basis for valuing GAN at these stratospheric levels based on real world performance. Real business growth is unlikely to kick off until 2020 by which time homegrown USA competitors will have entered the field. So now I have got the bulls riled up; what am I missing in terms of visibility of real profits (other than news hype)? Read Full Thread Follow Reply
15/7/2018 14:53	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. $$$$$$$$$$$$$$$$ Read Full Thread Follow Reply
21/5/2018 12:46	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 WinStar.com 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. Read Full Thread Follow Reply
21/5/2018 08:30	rivaldo: Excellent news this morning. OK, the placing price isn't ideal, but this was obviously necessary and probably in the works for a while for as soon as PASPA was repealed, which explains the discount. The oversubscription should help support the share price nicely, though given the prospects I don't think such support is necessary. One good point about GAN is that there is extremely regular news flow on new contracts and deals, which should keep the pot bubbling nicely. Read Full Thread Follow Reply
18/4/2018 07:31	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://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GAN/13608385.html "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 www.BetfairCasino.com 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 BetfairCasino.com as the leading independent Internet casino in New Jersey. We look forward to continued shared success." Kip Levin, CEO of Betfair US commented: "BetfairCasino.com 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". Read Full Thread Follow Reply
25/11/2017 11:19	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. 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

GAN share price data is direct from the London Stock Exchange

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