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Started: DMagee1989, 14 Apr 2020 15:08
Last post: DMagee1989, 14 Apr 2020 15:08
This is not the news we wanted!!!!
Started: oneandonly1, 23 Feb 2020 10:39
Last post: scottcorp, 4 Apr 2020 20:02
Oneandonly1 you on Twitter???
The directors now have had the B2B model valued at £200k, it has debts of around £4m, turnover around 1.5m and a Market Cap of 4m.
I like the new model but will still only breakeven at best for 2020, so my target entry price (if my figures above are correct) is 0.5
Last post: DMagee1989, 1 Apr 2020 14:15
nice wouldn't it, dead in the water over here lately.
Anyone?
Started: DMagee1989, 6 Feb 2020 15:38
Last post: scottcorp, 20 Feb 2020 09:51
Heading south at min
Has this stock just not moved or has it crashed? no chart showing on google Finance Stock report and flatlined today. Seems very strange. thoughts?
Started: jupiternmars, 31 Jan 2020 09:55
Last post: jupiternmars, 31 Jan 2020 09:55
Seems like it could be a few weeks/months before we see the 10-15p range again?
Hopefully will push through 5p at some point this week and end the week somewhere between 5-10p
Should the sp be back to around the 15p fairly soon considering todays news?
How is the switch going from PET mibo...
Are you sure about that Mibo? Interesting this jumping so high considering its loss making?
This share is a joke! There are some very handy bits of information in today’s announcement.
Having given away its US business and it’s B2C business all that is left here is its B2B business and look! They’ve had it valued for us :
“Following an independent valuation, Nektan (Gibraltar) Limited has also disposed of its B2B business to Nektan Technology Limited, a fellow group company for £0.2m”
So that business is worth £200k and there’s about £3million of debt excluding HMRC.
Now to HMRC.
“In discussions with the Gibraltar Licensing Authority as part of obtaining the necessary licenses for the Group Company acquiring the B2B business, the Directors have confirmed that it is their intention to see settlement of the full amount of the liability. “
So it’s clear that the ongoing business still intends to settle the £5.9m outstanding tax. More so, it looks like the Gibraltar Licencing Authority is making settling the £5.9m tax demand a condition of awarding a B2B licence .
How is a business like this allowed to trade on the stock market? The directors have had the business valued at £200k - it has debts of about £4m and still has to deal with the tax demand. Businesses like this are the ones that being AIM into disrepute.
Started: jonesrichard, 27 Jan 2020 08:49
Last post: mibo, 27 Jan 2020 08:53
we be seeing 10-15p + now that everything is back on track? bit of a ridiculous spread though which is hardly encouraging many trades!
Started: draft, 17 Apr 2019 08:30
Last post: volcano, 28 Nov 2019 15:53
i agree LOL
I'm really ****ed off. id prefer to see this at 1p so the board lose as well.
Started: scottcorp, 16 Oct 2019 20:31
Last post: scottcorp, 26 Oct 2019 11:40
So they issued more shares. And are starting to pay off HMRC. Also new products and new ‘white labels’. Any one expecting this to rise back?
Started: mugambokhushhua, 26 Apr 2019 16:47
Last post: mugambokhushhua, 26 Apr 2019 16:47
out.
Started: KLTSTER, 17 Apr 2019 09:53
Last post: KLTSTER, 17 Apr 2019 09:53
I can’t quite believe I’m reading this. How is it allowed to trade on the stock exchange? It’s just put an RNS out saying it owes HMRC a huge amount and isn’t raising enough to clear it, let alone the other debt. HMRC could issue a winding up notice any day!
Last post: KLTSTER, 17 Apr 2019 09:13
Does any one know just how much debt is in this? There’s the proportion of the loan notes they aren’t converting, the directors loans, accumulated interest and £3.6m to HMRC. It seems to me that the debt is huger vs the market cap
selling respin for zero basically. I guess Gary will be down 4p a share immediate upon his 15p conversion. maybe worse given the tax liability is more than half current market cap. and what about vuckley. has bought 0 shares and can't even get inspired gaming to get involved.
Started: draft, 17 Apr 2019 08:29
Last post: draft, 17 Apr 2019 08:29
to ever get near break even. I wonder if nktn management are involved in some dodgy stuff. they've never listened to shareholders like me and the whole things a total mess constantly in need of money and funding.
of a rns. 3.6 million liability. half the market cap is potential debt. total t u r d from these burglars. I'm well underwater from 22 and 25p. a total farce and mess.
Started: FeverClucker, 17 Apr 2019 08:24
Last post: FeverClucker, 17 Apr 2019 08:24
Placing at 15p, looks like this has turned the corner.
Last post: T.R.Smyth, 8 Apr 2019 11:46
Another partnership announced.
Nektan seem to have dropped describing themselves as a white label provider - they are now a “fast growing, international gaming and technology services provider”.
They have doubled the number of games on their platform to over 800 (including some Nektan exclusives) within the past six months, plus added live casino. So along with their 152 B2C casinos, I suppose this is becoming an increasingly compelling option for the B2B segment.
Very high risk, but if you are looking for undiscovered potential 5-10, or more, baggers over the next few years, this could be one to consider (DYOR).
yeah the debt is ridiculous.
The issue is the debt isn’t it? Looks like they plan to clear some but not all, and the rest is due within a year. Surely there’s no way they can do the proposed share issue at 15p when the price is 11? That will need to come down. Otherwise trading seems fine
no one give a toss about this company
Started: T.R.Smyth, 5 Apr 2019 12:09
Last post: T.R.Smyth, 5 Apr 2019 12:09
whole things a mess. used to be over £2
B2C bad, B2B very good - although from a low base.
Still saying the Respin sale is going ahead.
If they survive without too much dilution, perhaps over time they could consider developing one main bookmaking/casino B2C brand going forward.
Started: draft, 2 Apr 2019 13:09
Last post: draft, 2 Apr 2019 13:09
no wonder we get zero interest from traders and investors
who cares they can't get the share price up. farcical. needs real help
New partnership announced today.
Started: T.R.Smyth, 27 Mar 2019 11:05
Last post: draft, 27 Mar 2019 17:21
it could be a takeover target for playtech etc but firstly this placing needs to be complete. these used to be over 2 quid, and its struggled even with the amazing us sports betting laws to get over 35p whilst gan and webis saw major climbs.
so there is a serious problem here with the current holders, traders, outlook, pr here is awful. they keep doing deals with gaming companies that they never rns.
Fairly upbeat interview with Lucy Buckley on Directors Talk.
Daily supply of upbeat news on their Twitter account at the moment.
The B2C market in the U.K. may be about to be smashed up with heavy anti problem gambling legislation, but the B2B side is looking very exciting at the moment. - takeover target ?