We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Global Market | GMC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 50.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 50.00 |
| Top Posts |
|---|
Posted at 04/4/2013 12:11 by faz147 Anyone still holding here or has this thread been totally abandoned? I read up on GMC before they listed and liked the business model, but was concerned by the valuation and the lack of buyers when they did list. They appear to be taking a large gamble in providing free GMC certification to manufacturers, and it will cost them up to $10,000 over the two years the scheme will run for. They claim to be currently processing 10,000 applications for the scheme from Chinese manufacturers, and their target is 30,000 new manufacturers from 21 new verticals. I am fairly sure that they can attract the 30,000 manufacturers to the sceme, being free and all, but converting those manufacturers to paying service-users is the key and I will wait to see how that develops before I put any money in. I worry that GMC is trying to be the new, better Alibaba before they have fully established themselves as the leading portal for certified manufacturers. Only time will tell how successful they can be, but they are certainly not popular with investors at this time, with the share price down from 130p+ at listing to c.50p now. |
Posted at 17/10/2006 12:03 by presneill31 Where are you then JTT,i'm sure you have mentioned it in some post in the past.As far as GMC are concerned i am just toying with the idea of getting a few more pre TU,"cant" get any worse surely.And i'm a glutton for punishment aswell. Cant believe there will not be a bid for GMC. How many companies have £30m in their cash piles,that could aquire GMC earning £3m profits already. Alan |
Posted at 15/10/2006 18:53 by presneill31 Just been going through the posts of the last couple of days,and one thing that has struck me is the concern that GMC may not be making the best of the present situation.If you good folk on here can find floors in the GMC business model then it stands to reason that they are aware too of the situation.Maybe that is the reason for the delay in the TU,although to be fair the whole sector has had ample time to work out the direction there own Co must take to survive the possibility (now fact) of the bill being signed.We will have a TU this week,and an EGM,and the results follow in about a month,so no hiding place for the Drummonds now,if they are not on the ball WE will be the ones who lose out,BUT as of yet i have not been dissappointed when news comes out,and it better be the same this time. It is really down to the future direction now as the rules of the game have changed,question is can GMC turn it to their advantage ?! Alan |
Posted at 13/10/2006 21:01 by crossfingers As for GMC in its Trading Update I feel it is imperative that the Directors make it absolutely clear that all clients are without any doubt operating within all Countries laws particularly any remaining US advertising clients,albeit there should not be any now. My fear is with $ signs still evident on some of the sites after today, Gambling.com could be now attracting those firms operating in Antigua, wishing to defy this cynical law(now endorsed by Bush) thereby endangering GMC and possible subpoena threats for the Drummonds. And GMC's Bankers could also make life more problematic now Barclays and RBS have made their intentions clear. As already mentioned it is also imperative GMC seize the opportunity to advertise in Europe and Australia though care in Asia. Casino.co.uk is ranked around 67k which is a further drop in rank position. Additionally as I stated earlier this week and others have noted, the site is all but dead once you click past the initial site. No tournament diary,just blank and past winners are dated Dec'05,what's that about. Get that removed as it only highlights what a ghost site it is fast becoming. Gambling .co.uk needs a kick as well and as some others have noted further effort to get Yahoo and MSN on favourable terms for their sites as well as Google. That and Mobile Casino performing well and with a future then GMC will prosper just. |
Posted at 13/10/2006 13:33 by jackthetrader Good post BH. I agree that gambling.com is the jewel in the crown. However it could be doing so much better.gambling.com cost £10m to buy, I remember. I stand to be corrected by anyone telling me it was $10m. Let's say £10m for the moment. How much net income does it generate p.a.? £2m? If so, that's a 5-year payback. If I put a project forward in big business I would have to demonstrate a payback of 3 years at best and 1 year at worst. (If $10m then it probably was a good buy and it has after all kept GMC afloat.) Also all the eggs are now in one basket. It seems to me that gambling.com is pointed mainly at the US. What GMC needs in the present climate are portals pointed in different directions than US in order to capitalise on the US debacle. Nevertheless, I suspect GMC is extremely undervalued at its present rating. |
Posted at 02/10/2006 13:14 by the analyst Could be a good purchase at 5.5p Sabretooth, but who knows? So difficult to call. The downside should be limited as I think that even if they stopped all the US gambling.com business, GMC would still be able to make £1m this year. Of course, that won't happen because the US gambling.com is legal as far as I understand. It will still make money, but just a bit difficult to judge how much at the moment.To summarise a few thoughts: Negatives: 1- GMC's gambling.com business model has high exposure to the US 2- GMC's biggest advertiser (888.com) closing down all US operations already 3- Other large advertisers almost certainly going to do the same Positives: 1- Safe Port Act does not ban advertising. 2- Safe Port Act does not ban internet gambling, just payments [therefore gambling.com business model looks to be legal according to the Safe Port Act] 3- Internet advertising may become the only route available for US customers that want to find places to gamble on the internet 4- Those thrown off 888.com etc. will need to search for new places to gamble, increasing gambling.com traffic 5- casino.co.uk should become more valuable 6- casino.ie should become more valuable 7- uk.gambling.com could see increase in traffic 8- GMC's mobile casino is unaffected by the Safe Port Act 9- GMC have £5m cash in the bank 10- Enterprise Value is only £9m at 5p share |
Posted at 23/9/2006 16:55 by the analyst Finally, should the market continue to take such a terrible view of gambling-related companies, the value may lie in the dividends they pay. The broker note in June mentioned that with 2.5x dividend cover in this coming year, and a share price of 10.5p, GMC would pay a 3.8% dividend. As they now trade at 7p, the dividend would now be almost 6%. Personally, I'd love to see the share drop to 5p. I'd buy a stack more, probably receive an 8% dividend every year at some stage and have shares in a high growth company rated on a historic PE of less than 3.5x, dropping to 2.5x in the current year and 1.5x the year after! |
Posted at 22/9/2006 15:04 by the analyst I wonder if the trading update (or results in November) will try to emphasise the winding down of their online casino?However, perhaps we will not see results in November? I'm expecting some corporate action after year end but before results. Once the profit for 2005-06 has been bagged, either a takeover or possibly selling/floating one of the two divisions seems likely. The attractiveness of both the GMC divisions was mentioned in the June broker forecast. |
Posted at 10/9/2006 22:58 by the analyst Seems to be owned by a certain shaz247!Nice site Shaz, although it does not work well at all on the Safari Browser - difinitely worth testing it on as many browsers as you can? Will be interested to see how you get on with it. I think that the more sites linking in to GMC domains, the more highly ranked on seach engines they will become. I have a couple of gambling domains that are just parked at the moment so I may put up a couple of pages of relevant text on each of them and a link or two to GMC's sites. Is it worth it to help the GMC rankings? Can't do any harm I guess. Maybe if all GMC holders did the same.... |
Posted at 08/9/2006 11:23 by baheid101 in what way moneymaker? GMC is NOT exclusively UK focused because gambling.com gets has a lot of US members. If you look at the 'advertisers' section on the website they describe the Gambling.com magazine readership (a proxy for the websites most active users) as majority North American (36,000 out of 50,0000). BUT the DOJ has indicated it is not interested in gaming publishers such as GMC. CasinoCity is the largest online gambling portal and it is a US domiciled company! It actually tried to sue the DOJ but it was thrown out specifically because the judge said there was no legal threat to casinocity posed by the DOJ. US law enforecement has basically stopped all US companies doing anything online gambling related (remember Paypal being fined and having to stop servicing US facing online casinos) so the clear readacross is that they are not interested in GMC's activities because they don't class them as unlawful AND Regulatory risk is actually a positive for GMC, because restrictions on traditional media channels for advertisers (US tv, print etc) means they are forced to spend on internet advertising. It will of course be interesting to see whether the reverse is true in the UK where mainstream advertising channels will be opened up following regulation. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
