Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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wonder when people will turn up here.
think Gary should just take the perm role as its his baby! Gary Shaw, Interim Chief Executive Officer of Nektan, said: "In Europe, Nektan will continue to focus on its core Managed Solutions business offering, whilst leveraging the infrastructure and capability to roll out its B2B business. In the US, we continue to see a number of opportunities to use Evolve with the mobile in venue casino system, in what is likely to be one of the largest global mobile gaming markets. We have just signed our first platform deal and are focusing on leveraging our language capability, which we have built within the software, so that we would expect to be live in the US, Europe and Asia in our current financial year. As we have only one business line covering our central technology cost for Managed Solutions Europe, we expect to see significant margin uplift as we turn on and develop these new revenue lines. We also would expect a similar growth trajectory to our European Managed Solutions business giving the business material scalability as we utilise the same software platform across additional continents, whilst at the same time being highly relevant for the localised marketplaces. The Company is well placed to maximise revenue and margin growth across both North American, Europe and additional geographies."
sticky holders. and Leo Vegas on acquisition hunt
with all these acquisitions going on NEKTANS going to be a TARGET in my humble opinion - DYOR LeoVegas AB (publ) ("LeoVegas") has entered into an agreement to acquire the assets of Intellectual Property & Software Limited ("IPS") and other related assets from two further companies, including top brands such as 21.co.uk, Slotboss, Bet UK and UK Casino. During the fourth quarter of 2017, IPS generated revenues of GBP 11.7 million and, together with the companies whose assets are also being acquired as part of the transaction, an adjusted EBITDA* of GBP 3.8 million. The acquisition will be financed by cash and from existing debt facilities for a total consideration of GBP 65.0 million (EUR 73.5 million). The acquisition will further strengthen LeoVegas' presence in the UK and its position as the leading mobile operator. About the acquisition LeoVegas has, through its wholly-owned subsidiary, LeoVegas Gaming Ltd, entered an agreement to acquire assets from the gaming operator IPS and related assets from European Domain Management Ltd ("EDM"), both of which are based in Alderney, Channel Islands. In addition, LeoVegas has agreed, through a wholly-owned UK subsidiary, to acquire the assets of Rocket 9 Ltd ("Rocket 9"). Rocket 9 is a marketing services business based in Newcastle-upon-Tyne, UK. During the fourth quarter of 2017 IPS had revenues of GBP 11.7 million and, together with EDM and Rocket 9, adjusted EBITDA* of GBP 3.8 million, representing an EBITDA* margin of 32.6%. Revenue for the fourth quarter of 2017 grew by 49% compared with the fourth quarter of 2016. Of IPS's total revenue**, 96% comes from the UK and 73% via mobile devices. The transaction is subject to certain closing conditions, and is scheduled to close late in the first quarter of 2018. Financing In connection with the 2017 acquisition of Royal Panda, LeoVegas secured debt financing of EUR 100 million. Of this amount, EUR 40 million consists of a Revolving Credit Facility. The facility has a term of three years, and amortisation will begin during the second quarter of 2019 at EUR 10 million per quarter. Interest on the facility is approximately 2%. This loan is now partly being used for this acquisition. Gustaf Hagman, LeoVegas' Group CEO, comments: "To be able at our 6-year anniversary of the launch of LeoVegas to conduct this remarkable acquisition feels just great! Since its start LeoVegas has pursued a highly successful global brand strategy. Following the acquisition of Royal Panda, LeoVegas now works with two scalable brands. We believe that in larger markets our global brands, LeoVegas and Royal Panda, can be complemented with a local, multibrand strategy. The UK market is a very large and mature market and that is the reason to work with several brands that attract various types of customers. In IPS we see several attractive attributes, and they have tremendous momentum in their growth and profitability. C
Interesting, acquisition hotspot. LeoVegas acquires Royal Panda in �120m deal Stockholm-listed mobile gaming specialist LeoVegas has entered into an agreement to acquire rival operator Royal Panda for a maximum consideration of �120m. Royal Panda is a predominantly UK-focused business offering online casino and sports betting via its proprietary platform. The company is based in Malta, led by chief executive Mark Podd and employs 60 staff. A source close to the deal described Royal Panda as a good fit for LeoVegas, which will retain the acquired brand as it moves to a multi-brand strategy.
Nektan Casinos UK In the online casino world, three names tend to stand above all others � Microgaming, NetEnt and Playtech. There�s an eager pack behind them though, trying to chase down the big names, and amongst this pack you�ll find Nektan, alongside other names like NextGen Gaming and Nyx Interactive. You might not be aware, but many of the world�s biggest and best online casino sites already use Nektan�s great software, and new Nektan casinos are also popping up on a regular basis.
The net proceeds from the Placing and the Subscription will enable the business to continue to invest in the Evolve gaming platform and the Company's geographic expansion into Asia and North America."
Monday, 5th February 2018 � Nektan PLC (AIM: NKTN), the leading international B2B gaming software and services provider, has reached a significant landmark in its history following the launch of the 100th online casino site operating on Nektan�s Evolve platform. Play Royal Savoy has become the latest casino site to go live with Nektan�s proprietary platform Evolve, utilising the full breadth of Nektan�s end-to-end white label services. The 100 sites are active across Europe and are supported by Nektan�s long-standing third-party providers. Other recent casino sites launched include Cupid Slots, Slot Stars and Empire Wins. Nektan�s white-label services allows operators to focus fully on brand marketing and traffic acquisition, while Nektan handles all its back-end functions including regulatory approval, account management and CRM activity. Coupled with its superior technology and casino games portfolio, a significant factor in Nektan�s growth has been its speed of new site delivery, providing customers with a site in just 8 weeks. Claire Osborne, Commercial Director at Nektan, said: �We�re proud to have reached the milestone of launching 100 online casinos, an achievement that demonstrates our growing strength as a key player within the iGaming industry. �Our proprietary Evolve platform provides us with a competitive edge, making us the number one choice for a multitude of established operators and new market entrants. �With our teams based across the globe, we are fully prepared to meet the demands of our partners with a fresh, independent and client-focused approach, backed by state-of-the-art technology.� Play Royal Savoy: click here. About Nektan: Nektan is a leading international B2B mobile gaming software and services provider, operating in the regulated, interactive real money gaming space. Nektan�s full end-to-end technology platform, Evolve, simplifies and supports the route to online gaming revenues, managing the full customer experience and back-office operations, allowing commercial partners to focus on marketing the product to its consumers. Nektan�s US operating subsidiary, Respin, provides US land-based casinos with in-venue mobile gaming solutions which allow operators to add mobile technology and content to their existing offerings, with products accessible to players across both cabinets and mobile devices inside casinos. Respin has a strong intellectual property portfolio including game patents for Rapid Games� (on-property mobile entertainment), and other captivating concepts and brands.
to see that this hasn't been dropped on no trades like everything else on AIM
nktn is winning a lot of business in casino games.
dunno but there's a huge disparity between nktn and 32ree market caps. if nktn keeps growing itll go huge. casinos are rolling in cash.
AGM is this Wed 7th Feb. Maybe an interesting Staetment at that time....?
only �10mill mcap- 32red �160mill mcap
Nektan are hiring an account manager in London to �service our expanding list of partners�. This is encouraging
32red, only �10mill mcap here right now grossly undervalued,
since Arsenal did the crypto deal...
Arsenal has become the first major football club to sign a deal to promote a crypto-currency. The club has reached an agreement with the gaming company CashBet, which is planning to launch its own currency CashBet Coin. http://www.bbc.co.uk/news/technology-42809676 It will see CashBet Coin advertised at Arsenal's Premier League home games. But one crypto-currency expert has questioned whether the club is wise to promote what can be a very risky investment. CashBet is a Californian online gaming business formed in 2012, which is now launching an Initial Coin Offering (ICO). It aims to raise $40m by getting investors to buy CashBet Coins which can then be used to bet on its various online games. Arsenal's chief commercial officer Vinai Venkatesham said: "We are looking forward to working with CashBet Coin as they launch their new crypto-currency." I've asked Arsenal whether it was wise to endorse a highly volatile business and whether it was encouraging fans to bet with CashBet Coins. A spokesman said the club was too busy preparing for its Carabao Cup clash with Chelsea to comment today.
Once the stake building stops I expect the breaks to be let loose. Low number of shares here and a solid business with exponential growth. Great time to be buying whilst under the radar imo. WD
Investz - so does Toscafund increasing to 14.4% presumably at a certain price explain what's going on? Even less free float
fracobrett - me neither but I'm not hanging around to see them rise away from me, although therein lies the risk.... however, it is a measured risk, or so I feel.
I'm sorry but I just don't understand the price action on this one. Two sells and three buys down 16%?
Less than three weeks ago we were at 32p! Dig in there, I reckon.
gives me chance to add