Nektan Share Discussion Threads

[tomboyb] 15/12/2017 10:09

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Friday 15 December, 2017
Nektan PLC
US Partnership with Seven Feathers Casino Resort
RNS Number : 4776Z
Nektan PLC
15 December 2017

15 December 2017

NEKTAN PLC

("Nektan", the "Company" or the "Group")



NEKTAN'S US SUBSIDIARY RESPIN PARTNERS WITH SEVEN FEATHERS CASINO RESORT



Respin LLC, a wholly owned subsidiary of Nektan PLC (AIM: NKTN), has reached an agreement with Seven Feathers Casino Resort in Oregon.

As part of the deal, the Evolve in-venue platform will be integrated to SUZOHAPP's Interactive Pro Table, allowing guests to enjoy video slots, bingo and poker games, as well as free-to-play content at the bars and restaurants of the resort.

Rapid GamesTM, the brand name for Respin LLC, is the creator of the first and only approved Class II and III in-venue mobile platform, which has previously gone live with a tribal casino in California.



Gary Shaw, Interim CEO of Nektan, said:

"We are thrilled with this latest contract win for Rapid games as our first customer in Oregon extending the states in which we will operate. In addition, the SUZOHAPP table integration shows the flexibility of the Evolve system and its omni-channel capability linking mobile to cabinets and other existing casino infrastructure."



For further information on the Group, please contact:

Nektan

Gary Shaw, Interim Chief Executive Officer

Patrick Sinclair, Chief Financial Officer

via Newgate below





Stockdale Securities Limited

Tom Griffiths / Ed Thomas

[phone]

[tomboyb] 15/12/2017 08:59

Gary Shaw, Interim CEO of Nektan, said:

"We are thrilled with this latest contract win for Rapid games as our first customer in Oregon extending the states in which we will operate. In addition, the SUZOHAPP table integration shows the flexibility of the Evolve system and its omni-channel capability linking mobile to cabinets and other existing casino infrastructure."

[errollc] 29/11/2017 12:23

Released some good news in last few months. People starting to pay attention....

[babbler] 29/11/2017 11:23

Why. Twitter?

[davidpines] 29/11/2017 11:13

Could double in a flash

[rich1980p] 24/11/2017 13:45

More sellers it seems

[errollc] 20/11/2017 08:38

distressed seller finally cleared on Friday....any buying now should see decent gains...

anyone out there???

[doodlebug4] 02/11/2017 09:49

Try this link:

[daicaprice] 02/11/2017 09:45

hxxp://www.nektan.com/news-media/press-releases/2017/vegas-baby-to-become-first-casino-to-launch-nektan-s-new-german-market-offering/

[errollc] 23/10/2017 07:38

Rich this is a messy one but clearly heading in the right direction...especially after the announcement today...Evolve is now a global platform which suggests the deal is for the Asian ,market (they are already in the US and Europe) with revenues expected this year...a good move.

[rich1980p] 12/10/2017 20:52

I do like this company though there are a lot of drawbacks - not least the need for further funds plus the awful convertible and all the warrants and options. Think there is a lot of value here but unsure of who will benefit - warrant holders / CLN holders of equity. Massive stock overhang here. Fair dues Gary Shaw and his team who have resurrected this after the Nissim debacle

[bahiflyer] 12/10/2017 12:08

On the face of it the spread looks awful but I just got a small top up for under the mid price. Worth persevering in smaller amounts for very cheap stock relative to prospects.

[errollc] 12/10/2017 10:22

£8.25m market cap....even with all (horrible) warrants exercised at c.33p and 27p, the market cap would still be £16m.

£20m spent on a global gaming platform sold in the US and Europe, with new clients coming on weekly.

Mobile Gaming license in the US....which is worth considerably more than the current market cap.

Possibly branching out to other parts of the world....(as per the RNS).

Badly broked company, with few (if any followers)....a good time to get involved.

GLA (DC)

[daicaprice] 12/10/2017 08:38

I’m amazed it’s dropped this far, great set of figures and I seem to remember a previous placing @80p, maybe now it is finally time for a run.

DC

[errollc] 12/10/2017 08:21

Interesting paragraph about aiming to do first platform deal...within a month.

business seems to be growing well......not many are growing by 88% a year!

hope it's a game changing deal...

[errollc] 16/8/2017 09:23

rich, I think it will be cash generative this financial year (to June 2018)...on back of the envelope calculations that could be before Xmas.
Growth of NGR at c.14% per quarter (extrapolating from last results and statements), costs (finally) kept in line, variable costs not much, looks like could make a profit this financial year. The caveat being new Govt betting taxes.
Need the broker's forecast but I suspect these will be cautious given the mistakes of the past.
Taking income from the US mobile operations is big news....hope it might lead to more contracts.

[richard4796] 14/8/2017 10:04

Well... My stop loss was triggered at 20. Bought at 30. For some naive reason, I didn't expect it to drop that much and then have a bounce back. Thought It might drop to 25 but as a base and then climb higher. Oh well. Will keep an eye on this one, interested to know what will happen.

[rich1980p] 11/8/2017 13:30

Yes that is commitment, unlike Nissim who bleeds cash out of the company and clears off leaving the mess behind. When do you think the business will be cash generative?

[errollc] 11/8/2017 08:15

I suspect more capital is available from investors. But it won't be taken at this price..maybe at higher levels??
Plus the quantum required is not large.
With the US business working, this might encourage new investors...from the US. I hear the launch in the US is attracting a lot of attention in the sector.
Gary Shaw didn't sell his family home, but one he had abroad.
Shows commitment!!

[rich1980p] 10/8/2017 18:44

Fundamental problem is that the business still needs more cash, probably v soon. Understand directors pumping cash in which is great but there's always a limit. I see ij the detail to the last raise G Shaw is selling an asset (house?) to invest. This would imply he at least is nearing the end of funds for investment

[errollc] 10/8/2017 07:40

Good news from Nektan. The 100% subsidiary in the US (Respin), has a license to take bets from a mobile....the bets are all taken in venue (within the casino area...by the pool, in restaurant, waiting for a concert?). The first customer is a large casino group as previously announced.
Gambling from mobiles is theoretically illegal in the US, so to be able to take bets in venue is the first stage of opening up gambling in the US....IMHO.

Nektan is a tiny company, no-one cares about....but investors should start to take notice now.

The US venture works and this RNS is proof to the doubters (of which there are many1).

[errollc] 04/8/2017 09:06

The value of having a mobile gambling license operating in the US has been overlooked by the market....quite understandably given this has been a train crash.

The value of 14% quarterly growth has also been overlooked by the market...I suspect Nektan will be facilitating bets of c.£800m this year....not bad!

No-one believes the company will be break-even during the next financial year...but my back of the envelope calculations suggest it might.

No-one know or cares about these shares....but they will IMHO.

[rew8080] 04/8/2017 08:49

I'm hearing good things from a couple of decent sources. I have bought a few inside the offer and will hold for £1 or £0.... ;)

[errollc] 27/7/2017 12:05

It's been up for the last few days. There is a seller about at these levels as there was a small sale today.
C. 50,000 shares about. Once cleared it should go higher. Hope so.
This isn't well liked or followed so small sales and purchases change the so easily.
Having Said that this won't move until the 50,000 is cleared.
A bit of a cluttered balance sheet with £10m of loans, so this is messy.
One for a punt currently but the numbers are heading in the right direction.

Not forgetting this is one of only a handful of companies with a mobile gaming license in the US....that's where the big upside comes from. Already working with a big casino group in Vegas.

[richard4796] 26/7/2017 15:26

dropped today. Any reason why?