The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Totally disagree, the update was positive ! WSG could announce a game changing contract which could mean getting a foothold in 200 airports. can you imagine if each airport orders at least 3 fever scanning detection machines, and start installing vending machines ?
Lots of decent buys today- but still the s/p dropped, must be more overhang to clear behind the the scene's.
I think the only way is up- those who sold out are going to regret it. Restatement of the main websites and no overhang there is no reason we shouldn't be back above 50p very soon. also heard they have been granted a licence by the Colorado gaming board and have one pending for Pennsylvania, the only way is up baby.
We first need to hear about the reinstatement of these main websites first, hopefully with the next 2-3 weeks ?
Lots of buys at the moment, including 115k buy, but the S/P keeps declining . Surely a big seller must be in the background. Hopefully will have an RNS stating that the major websites are up and running again, soon- which might kick-start some upward momentum. in a few years time up to 30 states will be run and running for online gambling, hopefully XLM will be printing money then.
The priority has to be getting a foothold in the USA gambling market- its going to get very competitive as more and more USA states open up for gambling, surely XLM websites will be very welcome in the states, AT this level i can see lots of upside.
What a strange time to sell- especially with in-coming news, which we know will read well.
Folks complain, but do very little. I bet this current board get voted back in unanimously 95% at least. folks moan about the board, but do very little.
Yep, but most funds like to hold onto shares, not sell them at any given price.
GAN Limited Announces Pricing of its Upsized U.S. Initial Public Offering
Tue May 5, 2020 7:00 AM|Business Wire|About: GAN
LONDON--(BUSINESS WIRE)-- GAN Limited (GAN) (NASDAQ: GAN), a leading business-to-business supplier of internet gambling software-as-a-service solutions primarily to the US land-based casino industry, today announced the pricing of its upsized initial public offering of 6,380,000 ordinary shares at a price to the public of $8.50 per share. All of the ordinary shares are being offered by GAN. In addition, GAN has granted the underwriters a 30-day option to purchase up to 957,000 additional ordinary shares at the initial public offering price, less the underwriting discounts and commissions. GAN has received approval to list its ordinary shares on The Nasdaq Capital Market, with trading expected to begin on May 5, 2020 under the symbol “GAN.”
Prior to this offering, the ordinary shares of GAN plc have traded on AIM, a market operated by the London Stock Exchange plc (“AIM”). As of May 5, 2020, the trading of shares on AIM has been suspended in preparation for delisting on May 6, 2020. In connection with this offering, GAN will affect a reorganization and ************** in which GAN plc will become a wholly-owned subsidiary of GAN Limited, the ordinary shares of GAN plc will no longer trade on AIM, and the former shareholders of GAN plc will receive one ordinary share of GAN Limited for every four ordinary shares of GAN plc and an aggregate of £2 million in cash.
The gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by GAN, are expected to be approximately $54.2 million, excluding any exercise of the underwriters’ option to purchase additional ordinary shares. The offering is expected to close on May 7, 2020, subject to the satisfaction of customary closing conditions. GAN intends to use the net proceeds from this offering for working capital and general corporate purposes, including sales and marketing activities, product development and capital expenditures.
The offering is being made through an underwriting group led by B. Riley FBR, who is acting as sole bookrunner, Macquarie Capital, who is acting as lead manager, and Craig-Hallum Capital Group who is acting as a co-manager.
Folks could regret not taking the 15.565p if the s/p drops below 10p.
Someone sold 6k @ 13p. why didn't he accept the offer 15.5p. ?
Legal and general 20 percent more valuable company and makes 25 percent less profit than Aviva. To me it just shows how poorly the company has been run over the last 10 years. The company need fresh faces on the board. until then-the share price will always underperform.
ill be voting every against the whole board.
Everyone keeps saying these are so cheap ? why aren't the directors buying any shares if they that cheap ?
They earn large salaries so no excuses, for not buying any.
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Write-up by Lord Lee.
Sometimes, I feel that directors — particularly non-executive directors — forget that it is actually we shareholders who own the company.
For insurance companies, there has been no such diktat — just a warning to be prudent given the current climate and the likelihood of increased claims. Two insurers I held in my own portfolio have reacted very differently. Full marks to Legal & General, which acknowledged the warning, yet maintained it was confident in its financial strength both to meet obligations and to reward shareholders.
However, a big raspberry for Aviva, which pulled its recommended dividend despite talking positively of its financial strength and solvency. The move was not accompanied by any commensurate salary reductions for either executives or non-executives; just a belated acknowledgment that no bonuses would be paid until the restoration of dividends.
The dividend decision has hardly helped Aviva’s stock market rating. Investors like myself have been badly bruised — I talked previously of “parking” earlier takeover proceeds in Aviva on a 7.5 per cent yield. It turned out to be the most expensive parking ticket in history! I waved goodbye to Aviva and topped up my holding in L&G.
These aren't going anywhere until RiverFort are finish. What we need is a strong RNS to clear the seller out.
Every time the share goes up RiverFort dump more shares.
poor arrangement by the WSG board.....
PS Covid-19 I mean...
What a frustrating stock to hold, all other covid-9 plays are well up over the last couple of months. so why does this continue to drop. its down to poor share arrangements with funds by the current board. These should at least be 12p-15p, unfortunately poor decisions by the board have cost us.