Global Market Share Discussion Threads

[graylyn] 29/10/2006 12:25

Think we may join the fun next week, we could very well be a target, unless management sell off that side of the company fast!!

Edit : and this looks a great time to sell it at a premium, as we do not have US customers, £10m+ fingers crossed.

[paulo2] 29/10/2006 11:43

Very nicely, I'd say.

Don't you just love the smell of consolidation!

[crossfingers] 29/10/2006 10:44

So PRTY and 888 are flirting with one another states the Sunday Times in a £1.6bn deal. Hmm where does that put GMC's sale of its gaming bits I wonder.

[red dog] 28/10/2006 17:37

martin43: Good investigating. Stay with your search and satisfy us all in the future.

[red dog] 28/10/2006 13:14

We can expect the share price to move above 7.5p next week. We shall see.

[graylyn] 28/10/2006 12:37

Largest Deals (365 days)

Traded Action Notifier Price Amount Value
23-May Buy Jason Drummond 11.71p 428,000 £50,118.80
22-Jul Buy Jason Drummond 8.60p 300,000 £25,800.00
23-May Buy Justin Drummond 11.71p 172,000 £20,141.20
23-May Buy Paul A E Tuson 11.50p 170,000 £19,550.00
21-Jul Buy Justin Drummond 8.40p 150,000 £12,600.00

Director Shareholdings
Notifier Holding Value*
Jason Drummond 17,507,618 £1,116,111
Michael Hill 9,200,000 £586,500
Justin Drummond 7,922,000 £505,028
Damion Greef 1,366,055 £87,086
Peter Williams 785,836 £50,097
Paul A E Tuson 310,000 £19,762

[graylyn] 28/10/2006 09:26

Mickeyskint - 27 Oct'06 - 15:27 - 22766 of 22776


By stripping out the gaming side what effect will that have on the eps. In other words how much profit does the gaming side contribute to the eps.

The answer is here : this link in the header above
03/10/06 08:09 AFXF Gaming Corp says has no US gaming customers; to change name to Media Corp

[graylyn] 27/10/2006 20:29

I only spotted this stock thanks to ADFVN end of day email, quickly checked it out and still can not beleive my luck bought in at 6.2p cheap as chips (do not wish to ramp) this should sell itself with £5.2m in the bank at year end, EPS Historic 0.9p bloody hell cash is almost 2p per share and maybe £5--£10 mill to come from sell off, and mkt cap only £18.5m which stands at around net asset value. ( 10p must be easy?? )DYOR and good luck to us all.

LONDON (AFX) - Gaming Corp PLC expects its full year net profits to rise 400
pct and said its media and advertising businesses are "well placed" to grow both
organically and via acquisition.
The company is also seeking a buyer for its mobile gaming business, saying
it expects the sale proceeds to be significant and would enable the company to
"accelerate the growth" of the media and advertising business further.
The media and marketing company said the business now has in excess of 5 mln
stg of cash for further expansion and acquisitions.
It plans to seek shareholder approval at an EGM today to change its name to
Media Corporation PLC to reflects the fact that the group generates its entire
operating profit from its portals and advertising businesses.
Gaming Corp sees full year to end-September net profits to be 2.5 mln stg,
compared with 0.5 mln stg a year ago. Profits this year were hit by 0.2 mln stg
by a weakening US dollar and one-off costs, Gaming added.
The company said it is still evaluating the implications of recent US
anti-gaming legislation and has developed its international search engine to
allow advertisers to exclude US visitors from viewing their listings.
Earnings per share are expected to rise to 0.9 pence from 0.2 pence.
[e-mail]

[richgit] 27/10/2006 18:55

All I can say is,
and I genuinely mean it,-I will still be buying at 7.5p,in fact I was itching
to buy the stock under 10p,as that looked ridiculous,and then by chance another cheap stock distracted me-There are so many.

By cheap I mean seriously undervalued,not cheap-as in justifiably near worthless,there is a World of difference.

[jerry170] 27/10/2006 18:44

Quotes, I think you are selling your self prematurely. I would like to point out that EVO has been soaking up the sells all day @ 6.5p and not selling any. There is a reason why EVO is doing that. EVO never does that without a reason. This is clearly going over 10p soon. But that's just my opinion (nothing more). But hey, if 7.5p is fine for you, who am I to comment? !!

[richgit] 27/10/2006 18:41

sabretooth---7.5p ?

That makes me a really greedy pig.

I have been following this Company for two years,and thought I`d missed the real opportunity for cheap stock,-then I waited and waited and jumped at the opportunity of buying below 5.25p I simply couldnt believe my luck.

Quite frankly I didnt do all that waiting whilst knowing that investors had started to get this completeley wrong for anything less than 30p.

When these Guys get even more cash to utilise they are going to make the
lunatics that sold this Company down to such levels-Vomit !!!!

Dont ignore the fact-The so called Market got this wrong and results have proven it,and now the stock is ludicrously cheap- even the average blinkered
numbnut should be able to see that.

THEY WILL SOON

My comments are as an investment,bought and paid for,and not some short term trade.

[jackthetrader] 27/10/2006 17:11

Ladbrokes supports UK approach to egaming
UK and European-focused gaming giant Ladbrokes has criticised the US Unlawful Internet Gambling Enforcement Act, saying prohibition would not work and the UK government is right to regulate the egaming industry.
The UK government will be hosting the Remote Gambling Summit at Ascot Racecourse next Tuesday, 31 October, where politicians from 30 countries will be gathered to promote and debate regulation of the online gaming sector.

Ladbrokes' statement voices the company's support for the approach of the UK government. Spokesperson Ciaran O'Brien said: "The attempt to prohibit online gambling in the United States is doomed to failure. Over 20 million people play online poker in the United States and they will continue to play while there are sites willing to accept them. Unfortunately many of these sites will not adhere to standards of social responsibility or player protection."

O'Brien added that gambling was a massive industry in the States and "the legislation there is aimed at protecting vested interests rather than consumers.
"The UK Government is taking the right approach enforcing high standards of regulation in return for licensing and regulation that protects and reassures consumers is the only way forward. This will ensure gambling is kept free from crime, is fair to the consumer and protects the vulnerable and under-aged."

[bengo] 27/10/2006 16:21

Thanks Jack

[sabretooth] 27/10/2006 16:12

quotes - i agree. 7.5p will be nice.

[quotes_4_u] 27/10/2006 16:09

To be fair once again there has been a lot of profit taking,
but exhausting so many sellers and still have a good rise is
of course good news, i'm looking for around 7.5p for my stock,
i'd be happy with that, anything else is a bonus.

[jackthetrader] 27/10/2006 16:04

Looks like a tree shake, quotes. MMs must be getting short of stock.

[quotes_4_u] 27/10/2006 15:42

All 7 mm's now 6-6.75p so no rush to sell now if you are barely
getting over 6p like that 50k did.

Should be another bigger T-Trade around 6.5p later imho.

6.13p bid for 250k v 6.6p offer for 150k online.

[mickeyskint] 27/10/2006 15:27

By stripping out the gaming side what effect will that have on the eps. In other words how much profit does the gaming side contribute to the eps.

[jackthetrader] 27/10/2006 15:08

Hi Bengo, full story from egaming review:

Gaming Corp now known as Media Corporation
Gaming Corporation has changed its name to Media Corporation, and is selling both its online and mobile gaming businesses.
A company statement also showed a 400% profit after tax and a cash balance at the end of the year of £5.2m (US$9.8m), compared with £2.8m in 2005.

The company says that the Unlawful Internet Gambling Enforcement Act (UIGEA) has provided a positive environment for a sale given the company's 95% reliance on the UK for revenue, and nil US customer base.

Justin Drummond, chief executive at Media Corporation told eGaming Review that the company is looking for a buyer for is gambling businesses so it can concentrate on other avenues.
He said: "Basically historically our profits came from advertising. Gaming Corporation probably wasn't the most appropriate name. We wanted a name which better reflects the business we have already been in."

The company name change was the result of a board meeting which took place on Thursday, though Drummond said that the name change had been pre-planned, before the UIGEA was signed.
He said: "We have been planning to do this for a year. We have a search business, which we now want to roll out for travel and financial services, replicating the success we have had for the gambling sector. We also want to develop our general interest advertising agency."

Drummond was confident that the casino.co.uk brand, along with the other businesses, were attractive acquisitions.
He said: "Casino.co.uk has a lot of potential in itself, but we are also selling our mobile gaming business, for which we have got contracts with, amongst others, Vodafone and Orange. We already have over 11,000 customers.

"We have had it independently valued at £10m, and are already in discussions with potential buyers.
"£10m is from a very conservative growth forecast."

[bengo] 27/10/2006 14:58

Hi Jack, where did you come across the Drummond quote please mate ?

"We have had it independently valued at £10m, and are already in discussions with potential buyers.
"£10m is from a very conservative growth forecast."

Thanks
Bengo

[graylyn] 27/10/2006 14:52

Well you regulars know a sight more than I do with this company, but I would say its buy time now not sell, its going to have plenty of cash and a profitable business to boot! dyor (no ramp intended)

[jackthetrader] 27/10/2006 14:43

It seems they might get more than £10m for Casino:

Drummond was confident that the casino.co.uk brand, along with the other businesses, were attractive acquisitions.
He said: "Casino.co.uk has a lot of potential in itself, but we are also selling our mobile gaming business, for which we have got contracts with, amongst others, Vodafone and Orange. We already have over 11,000 customers.

"We have had it independently valued at £10m, and are already in discussions with potential buyers.
"£10m is from a very conservative growth forecast."

[graylyn] 27/10/2006 14:01

thanks quotes :)