Interactive Gaming Share Discussion Threads

[lng2u] 27/6/2007 16:59

JBird goodluck. I am staying put too.

[woofy4] 27/6/2007 13:15

Well done JB ... hope you havent lost to much .... will probably part with 75pcent of mine today for not an inconsiderable loss .... dont trust the management anymore with no FD in place the company seems to finance working capital at expense of shareholders .... happy to risk remaing 25pcent long term or as long as they carry on trading but feel money to be made else where ... good luck all

[jailbird] 27/6/2007 10:43

well i sold my lot @2.75p in the end..good luck..i will be monitoring.

[rcktmn] 27/6/2007 10:41

Also decided to stay in and see how it goes!

[senator] 27/6/2007 10:16

MMs are kerbing sellers by the price drop. I do think that when a positive statement is released about funding (maybe dilution but will see company to profitibility) then I see the tide turning. The problem is enticing buyers. I do not think that the PI will drive this up but maybe a punt for an Institution based on any future announcement.

The sector has been knocked hard recently and is due a turn, even if only short term.

[woofy4] 26/6/2007 17:33

Its a difficult one to call Senator .... for a start there are no real comparitives .... staff savings almost impossible to tell went from 8 to 24 ... not sure how much of the increased 16 are full year costs in 2006 figures so can only guess at a saving ... premierbet only operating aquisition wise for 8 months of 2006 results ... no mention of growth forecast or expectations going forward .... dont spend a huge amount on T&E (76k rechargeable for tax purposes) so no huge saving there .... its a good brand name but without increase in advertising awareness may dwindle ... there are an awful lot of online gaming/sportsbook sites out there .... personaly I havent sold today and will judge market reaction over coming week ... dyor ... good luck all

[senator] 26/6/2007 17:13

When funding is secured, I think that we may see some confidence here.

[jailbird] 26/6/2007 15:33

woofy,

get what u can...too risky for my liking now as we know they need more money!

[jailbird] 26/6/2007 15:32

woofy,

both i'm afraid...i have bought a sell order for my 100k...i will be damn lucky if
i got 3p...hoping for 2.75p now.

[pomp circumstance] 26/6/2007 15:17

Increase turnover could be disaterous if they cant run a book.
More bets means more losses!!! Oooops!!

[jailbird] 26/6/2007 15:10

woofy,

your figures do not look good really..sell and monitor i say.

[woofy4] 26/6/2007 14:57

Somone correct me if I am wrong but line the final line 'unable to meet its forecast growth targets' .... we dont actually know what these are I assume

In repsect of cost cutting
Satff costs 300k
Premises 600k
(use to work for company in SOHO and Victoria similar sq footage round 75k p.Qtr plus rates/insurance/utilities etc etc ... was some time ago !)
Other 100k (total guess could be anything)

upto 1m in savings .... possibly

still leaves 1m loss to cover

Average GP margin 5.5pcent

therfor new Biz Incraese to generate 1m .... another 18m gross turnover or just over 50pcent increase in 2006 turnover ... without world cup in 2007

Please feel free to rip my figures to shreds .... I have just got out of bed .... and havent done to much research !!!!

[jailbird] 26/6/2007 14:52

it is not all doom here..however someone here dumped 100k and got a good price.

however we will see dilution if the price stays the same it will have a mkt cap of
£2M..now if hey nake a profit on £30M + turnover..with also euro 2008 next year..these will move much higher i feel..but it one to hold.

raising money should not be a problem as they have already addressed costs by moving to malta....i will add if drops below 3p..but still risky but revenues look good currently...but things can change!

[rcktmn] 26/6/2007 12:35

opened up ! will it last ?

[thepinkpanther] 26/6/2007 12:15

suspension lifted, trading resumed

good luck to holders

[timanglin] 26/6/2007 10:38

simple - cut admin costs by 50% or increase profitability by a factor of about 2, or keep these 2 the same and increase turnover by about another 50% or a mixture of all three. In the meantime, business is being run for the staff.

[rcktmn] 26/6/2007 10:31

down, for now, I would've thought...then might recover a little if they start to demonstrate better figures in 6/12 months time

[senator] 26/6/2007 10:23

Woofy/Quinan,

Any thoughts about your investment when trading resumes. Dilution but if funding secured, the future looks fine. Share capital minimal and company lost credibility but trading well.

Not sure where it is going to go.

Regards

Senator

[rbonnier] 26/6/2007 09:39

The company is broke and on its last legs.!

In addition to these cost savings, the
directors recognise the need for additional capital to implement these changes
and are in advance discussions with a number of parties. One such source of
additional capital is a conditional placing agreement to raise a minimum of
#250,000 up to a maximum of #1,000,000 at the Group's discretion. This facility
is subject only to the lifting of the suspension of the Company's shares on AIM
and the Group has agreed to proceed with an initial placing of #250,000 shortly
after resumption of trading. The Group is also in advanced discussions with the
debenture holder to increase facilities by a minimum of #250,000. These cash
inflows, or similar financing, are required in order for the Group to remain a
going concern.



On the basis that the Group receive #250,000 as expected from a placing shortly
after trading resumes, together with increased facilities from the debenture
holder combined with Group's option to potentially raise an additional #750,000
under the same placing agreement, the directors consider that the Group will
have sufficient funds to enable it to operate for at least 12 months from the
date of signature of these accounts. However, any such forecasts are uncertain.
In the event that the Group were unable to generate the required cash inflows
set out in the projections, the directors would seek alternative sources of
funding.

[pomp circumstance] 26/6/2007 09:30

Shouldnt we hear about un suspension as well?


Commenting on the Results, Thomas Taule, Executive Chairman of Interactive
Gaming Holdings, said: "2006 has been a transformational year for IGH. With
turnover significantly increasing to #32.9 million, we are confident that the
Group now has the scale and expertise to reach profitability in the near future.
Much focus has been placed on the continued advancement to our technology
platform which went live in April 2006.


Highlights

* Turnover for the year up to #32.9 million (2005: #8.1 million)

* Gross margins increased to 5.4% (2005: 3.1%)

* Gross Profit up to #1.8 million (2005: #0.25 million)

* Continuing cost reductions through synergies and streamlining of operations
taking effect from Q3 2006

* Launched PremierBet and Heathorns Casinos

* White label agreements signed with Betinio and Maharajah Sports
===================================================


On 21 April 2006, the Group raised #563,562 from a placement of 9,392,699 new
ordinary shares at six pence per share. In addition, a loan of #65,659 from
Blue Lizard Commercial Limited was converted into 1,094,320 new ordinary shares
six pence per share.



On 21 September 2006, IGH raised approximately #300,000 through the issue of
6,000,000 new ordinary shares at five pence per share.



The monies raised from these placings have been put towards marketing programmes
to increase new customer acquisition numbers and to satisfy market demand for
stock.



On 24 May 2007, IGH arranged and met all conditions for a #600,000 credit
facility with General Capital Venture Finance Limited. IGH has drawn down the
full amounts available under this Facility. .



IGH intends to raise additional funding as appropriate for working capital
requirements and marketing post the transfer of operations to Malta.

[thepinkpanther] 26/6/2007 09:26

IGH announcement........

[woofy4] 25/6/2007 08:39

oh well ... another start to the week without any results ... admitadley LNG were suspended for 6 weeks ... having said that they were trying to flog their US business on fear og possible prosecution and bankruptcy .... where as this is 'allegedly' just 'logistcal' ..... might see if I can get hold of GVCF ... another AIM listed company and see if they can release any indirect details ... anyone hears anything please post ... thx

[senator] 24/6/2007 11:29

To my mind SHORTLY is not a month late!

The Company's ordinary shares will therefore be temporarily suspended with
immediate effect. The dealing facility will be restored as soon as the audited
accounts for the period ended 31 November 2006 are announced and posted which is
expected to be the case shortly.