Spdr Glob Infra Discussion Threads

[rbonnier] 19/1/2004 15:54

I think Goliard was winding us up for a bit of fun, the fun all starts tomorrow
at 8 am.Weve all lost our cash over the last 7 months but just to rub the boot in we can watch our pittances vanish into thin air during the course of the morning as the mms LOL Outloud at the punters cashing in for fish and chips twice!!

[zapa] 19/1/2004 15:41

On the other hand we are saying that Goliard was hanging around waiting to post.......for what?

I dont get it,whats his pay off.?

[ozgem] 19/1/2004 10:27

Without any news of their intentions, you will be lucky if they are worth 0.1p by tommorrow afternoon.
But then goliards fantasy may come true!
They have claimed that they will have to raise more funds so you would expect them to release news today of any deals to try and sustain some sort of value in the share price before the egm in feb.

[rbonnier] 19/1/2004 10:20

0.25p= mkt cap 2 million and thats generous!
If for some miracle the mms open where they left off on a bid of 1p sell sell sell!!!as that values gin at 8 million.

[ozgem] 19/1/2004 09:03

What's the predictions of opening price?

[rbonnier] 19/1/2004 08:58

So much for the high profile gaming acquisition Ozgem.Looks like it will be a LOL and a very big LoL tomorrow after all !!

[cottoner] 16/1/2004 17:59

Surely must be another announcement before opening on Tuesday 20th.

[mjf123] 16/1/2004 15:23

LONDON (AFX) - Gaming Insight PLC said it expects trading in its shares to
resume on Jan 20.
Trading was suspended last June pending clarification of the company's
financial position.
On Dec 11 Gaming Insight said Highland Fund Advisors and Brookspey Ltd, a
company controlled by Gaming Insight's chairman Nigel Robertson, agreed to grant
the company a 500,000 stg loan facility of which 100,000 stg was already made
available.
The balance was advanced today and this prompted the publication by the
company today of its report and accounts for the year to December 2002 and its
results for the six months to June 2003.
The Annual General Meeting of the company will be held on Feb 16.

[e-mail]

[zapa] 16/1/2004 11:59

flippin students !

[ozgem] 16/1/2004 10:13

With respect goliard-there is nothing in there that you indicated.We can only hope there is more news to come similar to what you mentioned.As for now things still very shakey.

[zapa] 15/1/2004 17:20

Sounds familiar........

[m.t.glass] 15/1/2004 17:09

"..Gaming Insight PLC said its future depends on its ability to
successfully implement a new strategy and raise additional funds as required.
In a statement alongside today's delayed release of results for the year to
Dec 31 2002, the board said external consultants with considerable gaming
expertise have been working with the group since March 2003 to assist the board
in developing future strategy. The group has been looking at a variety of
potential new businesses in the same sector..."

Does this mean they see the possibilty of the company emerging from its egm as a going concern, rather than the egm being more likely the prelude to a winding up operation?

[m.t.glass] 15/1/2004 17:07

It's been so long that people may have forgotten the plot. The chairman's statement usefully summarises:



RNS Number:2966U
Gaming Insight PLC
15 January 2004



Extracts From The Chairman's Statement

2002 was a challenging year for Gaming Insight in which considerable effort was
expended in laying the foundations for the Group's interactive gaming business,
Gobarkingmad, to be launched in June. As a consequence the Group reduced its
interests in on-line casino gaming. In June 2002 I highlighted the fact that the
pioneering nature of operating the world's first interactive racing business
meant that forecasting its likely performance was difficult, and that additional
funding would be required with which to steer the business through its start-up
phase and beyond. This did in fact prove necessary and during the year a series
of fund raisings were undertaken to raise #3.2 million in aggregate.

Gobarkingmad experienced significant difficulties and, having failed to realise
its potential, in June 2003 the Board regretfully announced that the business
was to be put into liquidation.

During the year Mr. Ian Ryden and Mr. Ian Hayes resigned as Directors, and Mr.
Tom Betts resigned as a non-Executive Director. After the year-end, Mr. David
Sanderson, Mr. Stuart Polak and Mr. Victor Chandler resigned as Directors. The
Company thanks them all for their efforts.

Interactive Racing Division Review

Gobarkingmad announced in January 2002 that stress testing on the interactive TV
betting system was continuing in the run-up to launch. The service launched on
24 June 2002 on the Sky digital television network and was the world's first
interactive racing channel. Early results were encouraging with over 10,000
players registering in the first month, and an average of over 17,000 weekly
bets being placed. Revenue growth was initially steady, bolstered by a 3-month
deal with Euro Off-Track, which gave the channel rights to broadcast the Paddy
Power Irish Derby series and other high quality race meetings from Ireland. The
Board believed that broadcasting Irish racing would help encourage the BGRB
(British Greyhound Racing Board) to sanction UK racing on the channel. However,
the continued impasse between the UK Bookmaking Industry and the BGRB prevented
such broadcast rights being granted. As a consequence revenue growth slowed and
the Board began to explore new strategies to develop the business.

The decision was reached to add a fixed odds betting revenue stream to the
business and to explore securing individual UK track rights. To achieve this
Gobarkingmad reached agreement with Victor Chandler International to provide a
fixed odds telephone and Internet betting service to Gobarkingmad's UK
customers. In addition, Gobarkingmad rebranded the channel as "Red Button
Racing", in order to define more clearly its purpose, and began work in
developing "Lucky 8's" - an archive racing game - to be broadcast between live
racing sessions on the channel. The business also secured its first
international distribution contract with NSAB in Norway. A range of additional
distribution opportunities were also examined and evaluated. However, the lack
of UK or Irish racing proved a major inhibitor to delivering revenue growth.

Casino Division Review

The Casino division made a significant contribution to Group turnover in 2002,
and continued to pursue additional consumer brand partners with which to develop
casino franchises. New proprietary 3D software was completed and launched behind
schedule in April 2002, by which time similar software packages from other
developers had significantly increased the competition in the market. This has
meant that no additional casino franchise contracts had been secured. In
November 2002 it was announced that our interests in on-line gaming would be
reduced to increase our strategic focus on the Interactive Racing Division.
Consequently, the Harrods casino ceased to be operated in October 2002.

Racing Network

2002 was a year of significant achievement for the Racing Network culminating in
the launch of the first interactive horseracing form guide on BSkyB's Sky Active
Win Zone. During the period a 5 year exclusive deal to provide betting advice
services to the Victor Chandler International customer base was also secured. We
are currently reviewing our strategic options with regard to the Racing Network.

Post Period

In January 2003 Mr. Haresh Kanabar, Mr. Victor Chandler and Mr. David Warren
were appointed to the Board as Finance Director and non-Executive Directors
respectively.

On 8th January 2003 the Company announced that #2 million had been raised by way
of issuing 200 million new ordinary shares. Seymour Pierce were appointed
brokers and nominated adviser to the Company in place of Nomura.

In January 2003 the Board announced a deal with PA News enabling Red Button
Racing the right to broadcast race cards, form and results from some of the
leading UK race tracks. However, third parties within the UK racing industry
successfully lobbied PA News to withdraw the rights granted to Red Button
Racing.

The inability to secure the necessary UK racing rights adversely affected
revenue generation, which in turn put considerable pressure on the commercial
viability of Gobarkingmad Limited. Consequently the Group decided no longer to
support Gobarkingmad Limited and the Board of Gobarkingmad Limited was left with
no alternative but to allow the company to go into liquidation.
The Group's shares have been suspended since the 12 June 2003 but, the Group is
actively working towards a lifting of the suspension and a resumption of trading
of its shares on the AIM market.

A Notice convening the Annual General Meeting of the Company (the "AGM") is set
out in the Company's financial statements for the year ended 31 December 2002.
The AGM will be held at 10am on 16 February 2004 at Holiday Inn Mayfair, 3
Berkeley Street, London, W1J 8NE.

Because the net assets of the Company are now less than half its called-up share
capital we are obliged under section 142 of the Companies act 1985 to convene an
Extraordinary General Meeting of the company (the "EGM"). The purpose of the
meeting is to consider whether any, and if so what, steps should be taken to
deal with the situation.

Outlook

External Consultants with considerable gaming expertise have been working with
the Group since March 2003 to assist the board in developing future strategy.
The Group has been looking at a variety of potential new businesses in the same
sector. The future of the Group depends on our ability to successfully implement
a new strategy and raise additional funds as required.

Results and dividends

The consolidated profit and loss account shows the loss for the year.
No dividend is recommended in respect of the year.

Principal activities, trading review and future developments

Details of the principal activities and a review of trading and future
developments are included in the Chairman's report of the Annual Report.



Nigel Robertson
Chairman

14 January 2004

[justjus] 15/1/2004 17:02

we live to sell another day!!!

[rhiannon] 15/1/2004 16:27

We live to fight another day.wdik

[jesmic] 15/1/2004 16:25

GAMING INSIGHT PLC
('GIN' or 'the Company')

FURTHER RE SUSPENSION

Further to the announcement on 11 December 2003, the Board of GIN announces that
it has today published its Report and Financial Statements for the year ended 31
December 2002 and the Interim Report for the six months ended 30 June 2003. The
Annual General Meeting of the Company will be held on 16 February 2004.

Copies of the final accounts will be sent to shareholders on Monday 19 January
and further copies can be obtained from 22 Soho Square, London W1D 4NS.

The Board of GIN is also pleased to announce that trading of its shares is
expected to resume at 7am on Tuesday 20 January 2004.



This information is provided by RNS
The company news service from the London Stock Exchange

[ozgem] 15/1/2004 10:37

Should we be expecting news today?

[zapa] 12/1/2004 16:53

Certainly the old management would have released any news at about 5.15 on a Friday night.

[rbonnier] 12/1/2004 08:12

Well the time is nigh,and contrary to goliards posts that we will all be happy this week I still think we will all be Lolling Outloud.!

[goliard] 09/1/2004 17:25

You'll be happy. Well known name etc.

[infamous academy] 09/1/2004 15:42

goliard

Will we laugh or cry?