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Nektan Share Discussion Threads
Showing 151 to 175 of 175 messages
|Maybe they are waiting until funding sorted no point in investing until that is done as could go out of business any day|
|Not many people follow this one...the broker needs to do a better job...and the PR company too. Shame.|
|If it drops below 40 could be hitting 20s again|
|More convertible holders converting is this what the directors were referring to in latest announcement? The dilution from this, the incentive of these guys to sell in the market given they are in big profit plus the need for a big raise Is a concern over what looks exciting company|
|Question is will holders of new shares keep them or sell on 28th.
They are massively in profit already.|
|Rich...I agree. Though I'm more optimistic on the fund raise than you. I suspect the Directors and large institutions will fill the £4m, relatively easily.|
|A 4m raise at 50p would be v good outcome imho. fully funded and an exciting US business means it could go v higher but massive risk on fundraising on whether It happens and the terms
Suspect by Christmas it will be bust or at ipo price massive risk|
|There are some investors converting their CLN currently...that's good (less debt) and bad (more dilution).
i'm not sure about the rest of your figures Rich.
I reckon they will raise c.£4m, which at 50p (say) is 8m shares.
All a bit up in the air...need some clarity and then shareholders can move ahead with some certainty.|
|Funding will be provided but at what price|
|was trying to work out how much money they need to raise and found this in agm notive
(e) up to an aggregate nominal amount of £333,333.33 in connection with any Further Fundraising;
looks like they want to issue 33m new shares in this fundraising that is a lot of money even if done at 27.5p
it is the about number of shares in issue at moment so big dilution coming for exisiting holders or what am I missing?|
|Rich, I suspect that, rather strangely the institutions and individuals concerned want to get the shares rising again...so they can recoup some of their losses. Many are in at 236p. Cramming the company down as a result of a low funding price won't work...they've already got their 'cheap' shares at 27p (last issue price) and want the invest on rising prices.
Equally the management, who are big holders, don't want to issue shares at a really low level.
Any issue may be at a discount but it won't be a massive one. Hope not anyway.|
|if the existing shareholders provide th cash the business needs don't they name the price surely they will do it at a low valuation to keep the business for themselves. what's to stop them and why wouldn't they|
|Explains a lot. Despite the negatives (often expressed on the BB) the upside on NKTN remains significant.
The US side is has its first decent contracts (and the market is massive), the European side is doing very well, picking up new and regular contracts.
The funding can be sorted with the very supportive (and long suffering)shareholder base, so i'm not worried about this in terms of funding.
Whether we buy now, or on a dip, I don't know, but the upside is still substantial.
I'm suggesting it will back to IPO place within 12-18 months. Hope so.|
|SHARE PUNT OF THE WEEK: Mobile gambling firm Nektan is boasting some impressive figures
By City & Finance Reporter for the Daily Mail
Published: 21:51, 21 April 2017 | Updated: 21:51, 21 April 2017
Who is it? Headquartered in Gibraltar, Nektan develops, licenses and operates mobile games. It is particularly focused on the casino and bingo markets.
What's the latest? This week it reported gaming revenue jumped 63 per cent to £3.7million in the three months to March 31 compared to the previous year, while total bets grew by an impressive 235 per cent to 132.3million.
At the end of March, the firm signed a partnership with casino games developer High 5 Games, which operates more than 70 games.|
|there is quite a lot of small volumes being purchased is something happening with US business we don't know about? More contracts?
business needs cash and must be close to running out?|
|I have just found out that This Is Money tipped Nektan on Friday night which explains the rise this morning.|
|The behaviour of the share price is very strange. Presumably there are things going on in the background. Why is the private investor always the last to know?|
|sp recovery continues on the back of the trading announcement. Share issue close to being resolved?|
|I wouldn't short this guys - even with a raise coming - the OBV has gone aggressively positive on a tiny free float|
|Balance sheet is a wreck they are loss making. uS position is interesting but have they the money to sort it? Convertible holders in charge here in my view|
|This will probably drift down again until funding is achieved|
|Yes, wrong idea at almost the right time.This is dying|
|The ngr was only up because they won more off customers amounts staked were much lower so business is in decline
The amount of money they have to raise is big worry company implies it is looking at converting debt for equity|
|Thanks Bill I think I'll pass for a while|
|The trading update shows that net gaming revenue is only up 3% from the previous quarter. I see that there is no mention of profitability anywhere in the update. Considering that the company needs to raise considerably more money soon and is still a long way from breakeven, the company still looks extremely high risk.|