Interactive Gaming Share Discussion Threads

[kiwimonk] 01/3/2006 22:03

according to the RNS

"Premier Bet has a database of 36,000 registered customers and reported gross betting turnover of £24.7 million in fiscal year 2004."


that was sometime ago, with the craze in online betting maybe those numbers are somewhat larger now guru..


Notes to Editors

Interactive Gaming Holdings plc listed on London Stock Exchange AIM market in
March 2004 (ticker: IGH.L). IGH's strategy remains focused on making
value-enhancing acquisitions in the online sports betting and gaming arenas. IGH
acquired Heathorns, the world's oldest established bookmakers in March 2005, and
subsequently relaunched its oncourse betting presence in July 2005 at Newbury
Racecourse. In August 2005, IGH acquired Premier Bet, a fixed odds bookmaker
based in London, from where it operates an internet and telephone betting
service including
www.premierbet.com
and
www.premierbetcasino.com
. Premier Bet
has a database of 36,000 registered customers and reported gross betting
turnover of £24.7 million in fiscal year 2004.

[theshareguru] 01/3/2006 20:40

to kiwi monk
yes you are right they are the property guys, rovell according to what I have
read are involved somewhere along the line with rovells, you are right about the customer base, and that's why I am surprised that none of the big boys have not taken them out, it would be petty cash to them !

[kiwimonk] 01/3/2006 19:03

IGH have a big customer base, Heathorns has been around as long as any of the bookies, and their hundreds of portals and the premierbet site agreement with orbis, casino site to follow, you can see how they'd be able to ramp up revenues quickly.

arent the Tchenguis brothers the billionaire property guys?

Interesting they subscribed in that placing.
looking at GMC and red 42 or whatever its called, makes this look well cheap in comparison.

[theshareguru] 01/3/2006 17:19

wakey wakey, rise and shine finally, there's a small amount of action, the deal
with orbis is the right way, but it's the share holders that is interesting
rovells hold a good percentage, roughly around 14%, there was talk at one time in 2005 of a link up with the tchenguis brothers , I have been waiting 4 months
for this day when the company would stir some interest, I have spoken about igh
on lifestyle share chat.

[kiwimonk] 01/3/2006 16:55

RK they are well established
see the press for the last world cup in 2002 on premierbets website, the ceo was on bbc and cnbc then.
a rising tide....

[rkjones] 01/3/2006 16:03

It is certainly a lucrative sector. See Partygaming results out yesterday and with William Hill out tomorrow, I think we will see the rapid growth of their on line business. The problem is that it is very competative and I wonder how IGH who are a relatively small player will break through. The alternative is that if that can sign up a half decent number of players they will become an acquisition target. We shall see over the next few months but ,for the time being, they represent a cheap entry for punters, sorry investors to get into this exciting sector.

[kiwimonk] 01/3/2006 15:03

""Commenting on the agreement with Orbis, Thomas Taule, Chairman and Chief
Executive of Interactive Gaming Holdings, said: 'This agreement with Orbis will
dramatically enhance IGH's gaming offering and gives our customers access to a
complete range of casino games. Importantly, we can now offer a complete range
of products, including casino and sportsbook betting, from one single user
account. The new website for Premier Bet will be fully operational by March 2006
using the OpenBet system. The OpenBetCasino launch will follow.' ""

well they have achieved what they said they'd do, now for the casino site.

some of these listed sites are valued from £50million to £3billion.
this is valued at just £1m!

[kiwimonk] 01/3/2006 15:00

IGH must be the cheapest gambling stock on the market.

www.premierbet.com

is now up and running.
will surely rake it in come the world cup.

Soon to launch their casino sites.

A Mulitbagger if you can pick up stock, Very small float of stock available.

[theshareguru] 15/2/2006 19:10

interesting reading prior notes, this share has disappointed, but i think things are due to change, the orbis agreement, should be good for the company
and also certain share holders have the right to buy into the company @ 6p
a share, watch this space this share is due for re rating

[dusseldorf] 15/2/2006 17:04

wjordon - knife catchers IMO, agree with your 'wait and see' stance

[wjordan] 15/2/2006 17:01

Not too sure about the cash position here. They were loss making before their aquisitions, now they have aquired Heathorns and premierbet, loss-making companies. The fact they had to come to the market for more funds so soon after the last aquisition is not promising. Premierbet made a loss of £1.4m in 2004 and over £1m in the first six months of last year (from companieshouse).

I expect that the new management can start to turn things around but think it will take at least a year and will involve raising another £2-4m. What price would a fundraising be at? Last time the price was 5.5p and they placed shares at 4p. So we can expect another substantial discount next time.

The thing that is more concerning is the possibility that they do not manage to raise the funds and take the company private. I think they have invested too much recently to go into liquidation but stranger things have happened and prefer the 'going private' route if they do not get the cash they seem to need.

Potentially premierbet could be OK, but I they need to do a lot to turn a six month loss of £1m into a profit! Heathorns loss last year? £500k on top of that? Anyone got any more details on the current losses?

The drop in shareprice is in anticipation of rasing more cash in my opinion. That said, maybe todays slight rise is a cause for optimism?

[rkjones] 07/2/2006 19:35

??????????

[chaweewan] 07/2/2006 13:34

So now are they 'bankrupt'? Nothing on the board and no rns. Maybe advfn 'failing' - I hope so

[rkjones] 03/2/2006 11:21

Rovells Ltd are major shareholders in this company - they have a record of astute investing and have increased their holding during 2005. Whilst they remain, you can be sure that there is potential.

[chaweewan] 03/2/2006 09:59

I have held these since March 05 and have looked at them with increasing dismay - like most of the shares bought via H & B. This latest news seems to have woken them up s bit. I hope Mr. Taule is well invested in this company - it always seems to drive these people more

[armsteel] 03/2/2006 09:11

no one appears to have reacted to the news this morning, dont think there is anyone out there

[powwow] 03/2/2006 08:46

anyone in these ?

[powwow] 21/11/2005 16:26

well lucky i never took up anyones offer at 5.5-6p

[powwow] 18/11/2005 18:30

and there you have it, they sold the stock and the price goes down as ever. It will go up but not right now, the mms arebisy seeing whose just purchase now wants to sell as they are a weak holder.. they are all con artists..

[powwow] 18/11/2005 14:18

yep as per usual as ever when people like them are involved, is that the price is held up so to speak until they shift the stock then the mms start and play their games.. its all a con. I'd say dont buy of them and buy from here when its the right time and that is not now.

[kammaljit] 18/11/2005 13:07

powwow

Yes the price they stated to buy was at 5.5p and the projection was 11p I stand corrected

regsrds

[powwow] 18/11/2005 09:22

should it not say only 5.5p to buy. I hear city equities are selling stock at 6p, well thats a mess up anyway and the offer dropped today to 6p, would have already lost out. I'm sure this will move back to 4p before moving back up.

Kamm.... City equities I think are ok. They do work for their money, but you just have ot take what they reccommend with a pich of salt. If you like it , buy some, if not say no. Dont buy thinking whatever they have is good because its down to the management rather than the broker. You have to understand they are a wholesale provider and share sales and thats what they are good at.

On the otherhand they are also a good source of info too, but like I said you dont have to buy anything from them if you dont want to, its always you choice mate.

[kammaljit] 17/11/2005 08:38

RKJONES

I recieved a call from City Equities yesterday pushing this share to say the price should be 11p?

I must add that my one experience of taking their reccomendation has been very poor and expensive.

Take from this info what you will.DYOR

regards

[rkjones] 24/10/2005 11:44

Who is Rovells who appear to be steadily building up a stake in this company and now hold in excess of 8% ?