Member Info for Alocasia

You can't sell without a buyer. so every trade is both a buy and sell but only stated as one or other based on price above or below average at exact time of trade. Would like to know who the buyer is. All these are off-book trades so simply changing hands between two big players and then being reported to the market. You'd think it's the same person buying/selling all these lump sums off-book. Could be someone wanting to buy in quickly and heftily and the other player wanting to top slice some of their profits. Hopefully we'll get a RNS soon to get a clearer picture.

SP holding up well, considering (famous last words!). Must get a holdings RNS soon. Can't be any of the BOD as they can't trade until after results are public knowledge. Could be Patrick Southon, I suppose, or one of the funds (like Helium). We shall see! You'd think they'd wait for results as can't see them being anything but good, judging by Gamesys etc. May have got spooked by River Tech dispute but don't see that as a big deal now it's settled.

Good article in the FT about the online gambling market in US.

State regulators pushed through approval of online gambling in New York and Flutter has now doubled its 2025 revenue forecasts.

Also could be another bid for Entain and in the end will just have a handful of big companies as need big turnover to pay for sales and marketing costs in US, hence land grab for other companies to help build robust platforms for the big players.

Also reckons that the existing large online gambling states - NJ, Penn & Michigan - will EACH become in their own right one of the largest gambling markets in the world BY THE END OF THIS YEAR (only behind UK and Italy).

Wonder if we'll get a holdings RNS tomorrow.

Something's up. Two trades worth almost £1.5 million went through today.

Draftking also acquired Blue Ribbon this week for an undisclosed sum. They develop specialised jackpot software that can be used both with online casinos and sports betting. Draftkings are on a big buying spree at the moment. That's their second acquisition in as many weeks. They're building their platform and all the other big players will be watching closely.

Lol. No, not me. I've got plenty already.

Not sure where you get the idea I bought a chunk at 42p. I have been here for years and already had a large holding before the recent big jumps so not added recently.

It was a trade for 25000 shares that accidently got put through at 49.85 instead of 44.85. LOL. Bet that gave the buyer a bit of a shock. Immediately cancelled and put through at correct price. It was nice to see that spike though, if only for a moment just so we can get a feel for what it looks like. Won't be long before it gets there for real.

Registered as a spike of 49.85p for a nanosecond.

Almost 50p.

Hi there, Yes sure. It's a RNS released by River Tech on the Oslo stock exchange.

https://newsweb.oslobors.no/message/529613

Hi Truro, Yes, good to get it out the way and move on. We have bigger fish to fry now, as you say :-)

Some of you may recall in December I posted about a dispute rumbling on in the background between River Tech (previously River i-Gaming) and GMR. This was in relation to the £1.5 million outstanding consideration that River Tech owed GMR for Bear Group. It should have been paid off in December but the deadline was missed.

River Tech has now agreed to pay £1 million and GMR has accepted this.

It's good to finally get this dispute settled in time for the results.

It will be interesting to see what happens now as regards the Gamesys loan, now that they are being bought out.

Yes so can't see the board selling for 75p. Zak Mir wasn't far off on his last chart prediction. I think he's a bit optimistic for 65p by the end of the month as that's only three and a half weeks away, but now that these shares have got over the 38p hump they seem to have a life of their own so who knows where they'll end up. All looking good anyway!

GMR info starts around 2.15 mins in.
https://www.share-talk.com/easter-special-bulletin-board-heroes-saturday-3rd-april-2021/#gs.xjkuho

Agreed. Why sell out for a figure that we can achieve ourselves without any outside help. This company is only just starting to demonstrate its income potential. That new NetEnt game should be very popular and another big shot in the arm. Then there's the new free spin marketing suite that's due in the next couple of months. Plenty more to come here. I'd like to get to at least 2023 and then see where we stand as regards a fair buy out price. The BOD haven't taken all this time and effort turning this company around only to sell out on the cusp of its real potential. They too can see the real value here and any potential offer would need to reflect that but I think it's too early to make that judgement. Been in others that got bought out too early, let's hope the big shareholders hold their nerve. I'm sure they will get approached at some point, very probably by Bally's. It's a big land grab at the moment with these types of companies because of the future revenue predictions by the likes of Goldman Sachs.

Ballys looking for more igaming acquisitions.

"Nor are these deals likely to slow Bally’s M&A drive, he adds.

“We’re going to continue to be opportunistic,” Papanier continues. “We’ll prioritise access to sports betting and igaming, both via brick-and-mortar and through open agreements, but we’re always going to look for complementary technologies and platforms for igaming, such as the Gamesys deal. "

https://igamingbusiness.com/ballys-ceo-on-m-sports-betting-and-gamesys/

About time we moved up another notch.

Hi SG, Good to hear from you. Still around. Just been busy on another project and GMR is pretty quiet on the news front at the moment. Surprised this hasn't ticked above 40p yet but probably best to just accept this will go its own pace. Looking forward to the results next month. ATB. Alo