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Yes the software is upon and running, people want to use it and the contracts are coming in. SP movement is erratic but that's just the mm's trying to keep control as its so illiquid. They will drop it on any selling. Buy and hold and they'll be stuffed
All the info is in the end of year figures. They stated that they would probably need to raise again as they approach break even. I'm prepared for this.
For those in the know, am I right in assuming that all the software development has been done (capital expenditure) and it is just the running costs currently(bod salaries/sales) and the next important milestone is gaining a critical mass of contracts to have positive cash flow, if so, is there enough cash left to last until this point.
Its the nature of the beast that is AIM, anyway if i'm not mistaken, you've sold out early on albeit at a loss because you bought in on a spike...so really you should be happy you didn't hold on else you would've been worse off! Far as NKTN is concerned, there is nowt wrong with the company.. it's making its stance in the world, there nothing negative in the company. The U.S markets are now open to them... they have the licences and also deals...not to mention dealing in Crypto currency. What I, and I believe the overall market would've liked is a li'l financial enlightenment into the incoming revenues...Market always likes numbers laid out for them. The U.S is a 68 Billion dollar industry in online gaming within a small time frame and I can see Nektan positioning itself nicely for a stake in that claim!
because this type share price manipulation shouldn't be allowed , it is wrong and i have been trough it before it is not nice.
Why are you spending so much time here then ??
i am sorry i don't see it, this is dotcom all over again.
Agree with Franco...let the 1 pound fish people go... this is a minimum 40p per share company in 1-2 months time...worth the top-slice then.
The spread has always been huge here as there is little free float and the MMs have few share to play with. They can therefore move the spread around dropping or raising the SP with little to no buying or selling. Things moving in the right direction but rainbow chasers maybe disappointed. Anyone selling at 22p and below has made a loss
yes and England could win the World Cup LOL.
every 6 months. wait 6 months again
This was news on the 09/04/18 The share price my move when there is a new CEO. (ShareCast News) - White label gaming software and services provider Nektan increased net revenues in its third trading quarter, despite a downturn in first-time depositors. The 44.8% year-on-year gain in Nektan's net gaming revenue to �5.1m was also an 8.2% gain on the preceding quarter. AIM-quoted Nektan saw the number of first-time depositors slip 5.4% year-on-year and 1.5% on the previous quarter to all 36,359 new users due to its "continued focus on the quality of the player and spend". The company generated �83,000 in revenue from its B2B wing, up from the �47,000 made in the prior quarter. Nektan, which launched 18 new sites and five new partners in the three months leading to 31 March, now operates a total of 111 brands from 49 partners and has plans to launch up to 20 new sites from both existing and new partners throughout the quarter ending 30 June. A total of 73 games were launched in the quarter, from three new as well as existing game vendors, further diversifying Nektan's game portfolio. Gary Shaw, the founder and former chief executive who is standing in again as interim CEO as a permanent replacement is found, said, "Our results clearly demonstrate Nektan's growing commercial and operational strength throughout international markets. The significant increase in net gaming revenues and cash wagering from our European white label business represents continuing growth momentum." "This growth, at the same time as launching into new markets, underlines Nektan's strength of management and technical capabilities. I am particularly pleased with our ability to expand, deploy and support in multiple geographic markets during this period from our stable, centralised cost base, delivering incremental revenue growth to the group," he added.
it was true what i have said yesterday , 10% down already.
Bejesus... replace first post *'s with 'directors_talk' without the underscore!
https://*************************/status/1003586149972094976
https://www.*************.net/interview-nektan-plc-to-enter-cryptocurrency-online-casino-space/
**Under 10M BEFORE market announcement last week! (meant to say)
The purpose of the company who has only been trading just over 3 years in a competitive market is to pursue avenues that are promotional to the success of the company...and as far as i'm concerned Nektan is doing exactly that! Current revenues are adequate for a fledgling company with a MC of under 10M. They're goals, (The BOD), are to open doors that are best for the future and current revenues of the company and they're doing that with pre-standing licencing in the states which shows foresight and into Asian markets. Now they're progressing into utilisation of Crypto currency with Tyche Digital as its supporting partner! So the future for Nektan is very bright as they position themselves for a lucrative expansion into the gaming/gambling industry!
I meant to say not enough revenue , my mistake. Financial Summary: Unaudited six months ended 31 December 2017 �'000 Unaudited six months ended 31 December 2016 �'000 Total revenue 8,815 5,727
Volcano you said they had NO revenue, so that's clearly incorrect and it's about their preparation into a much bigger and lucrative market that will see their MC ten fold.
Achilles no need to get personal, this is a discussion board not everyone got the same view.
Volcano you idiot lol, of course the company has income, it makes money from online gamblers in Europe, Asia and soon USA, stop talking out of your arse!
Bladey i am not deramping mate , i have watched the interview with the CEO.He said real income will come in 3 years. If i wanted to buy cheap i could have bought more on Friday. This remains me dotcom era. Up 40% on the news and down 40% next day on no news. I got nothing against the company but not for me.
Sales from this morning have just surfaced an hour later....there really is a very tiny float here, positions have been taken by MM's and PI's and any II's, future is extremely bright for the company!
Lol.. volcano why are you deramping?..looking for a lower entry? Of course revenue is being generated, do some research mate, but i'm sure you know they're making money. Now opening into a much lucrative larger market in U.S and also utilising Crypto currency. It's a no brainer!