Member Info for Lothbury

Citi : where are you with your opinion?

I didn’t anticipate the Bid price to go below .20 🙈

I’m still waiting for Citi to take me up on my Put & Calm at a 20% over his SP estimates.. meanwhile, he skates me for my comment on November about the SP upon relisting .. not a peep of Citi or the other ramping posters..

Thanks : missed that statement by Gana they want eventually to go for a sale (buy-out is a purchase by current management and/or large shareholders at a discounted valuation: often when the company has been ground into the earth and the so is so low : there is no hope).

I am still struggling to understand where the continued growth will be coming from after the World Cup. I can’t see the big local and global on-line operators allowing Gana to wholesale pinch their clients. How will Gana attract loyalty (I have a number of on-line accounts & choose the best Odds : no loyalty in this game). Or is this just as short term play for many of us: wait till you see a good price rise in the next 18 months and try to sell at the top before everyone else? Or is Gana’s MO to get as many subscribers and sell the list?

Morning LionelKippee; but who us”Callum” and who and what are the “2 Yanks”?

Sports trader are already in Mexico and other South American countries : maybe they’ll want to add Gana to their stable as a subsidiary …🤞🏻

Citi : What’s your analysis on the falling sp and future trend?

Good afternoon RickyK & Citi… we all hope that we are wrong and you both are correct that the sp will see a significant rise and, hopefully, to the 1p level that Citi calculated recently. RickyK, is Citi okay.. we haven’t heard from him recently and you seem to have taken up mantra? Hope all is well..

Good morning RockyK. We all care and worry where the sp and Gana is going.. I know you do : remember you post “ I'd feel a lot more comfortable at 0.4. Should be achievable in fairly short order...” When do you think the sp will achieve 0.4?

Dear Citi, late last year, when you suggested I had no idea what the sp would be post re-Listing and that my predictions were totally incorrect, I offered you a Put and Call Option at a huge discount against your learned prediction. I have since reminded you of this proposal. I’m not sure if your reply has got lost somewhere in an undersea internet cable.. BUT Cooey : Hello : 👋 I’m still here : where are you ? I’ll even reduce the strike price some you can make even more money … I can only take your silence that you have finally accepted that your sp prediction are a bit like the Labour Party Election Manifesto …

I wish I was able, for once, to be at the AGM but spending March in South America (not Mexico…!). Good luck at the AGM and I hope they provide positive meaningful trading updates.

Having done the Gana deal it’s now down to underpinning the Market Cap/ sp with bottom line results. No amount of ramping : data or any other matrix will get away from basic “financial numbers”. And that has to be on an upward trend - not just for the World Cup. The World cup should be a one-off bonus from normal day to day profitable trading.

Well worth waiting for.. it’s been a very tough few years but the figures now show a solid earnings base with Rail turning the corner from the industry doldrums it found itself in. Still more to go and, perhaps, another acquisition?

Morning Citi.. my offer, of last year, to you still remains on the table for you to accept.. so far only SILENCE from you… very disappointed. You said the SP was going north of 1 so I offered to you a 12 month Option at .85. You can collect huge profits for no outlay whatsoever… At .85 the fleetingly max exposure to you is only a paltry £800,000. Peanuts to a man of your astute calibre… If you don’t take up the BOGOFF offer I have to come to the conclusion that you don’t believe your ramping prediction SP of 1….

The question is : what happens after the 5 weeks of the World Cup? Will there be continued traction in the local market? My hope is that Gana will be a huge amount of punters on their books and, post World Cup, be an attractive bid target for those that have recently had their Mexican Licences revoked (Betfair).

The good news is that the “spread” has narrowed to 3.44%. A narrowing spread signals increased confidence, higher liquidity, and reduced risk perception. It tells investors that buyers and sellers have converged on a similar value for an asset, often reducing transaction costs.

Major Tax Hikes in the 2026 Economic Package

As of January 1, 2026, a new fiscal regime significantly increases the cost of maintaining a gaming presence in Mexico:

IEPS Tax Increase: The Special Tax on Production and Services (IEPS) for gambling has jumped from 30% to 50%. This is a "sin tax" applied to turnover, making it one of the most demanding tax regimes in Latin America.

Video Game Tax: A new 8% tax specifically targeting "violent" video games—sold physically or digitally—is effective as of January 1, 2026.

3. Tightened Restrictions on Online Gaming

Although online betting remains legal for authorized land-based operators, the regulatory environment has narrowed:

Banned "Skins": Regulatory changes have banned third-party “skin” agreements, forcing foreign brands to hold their own local partnerships or rethink their market entry.

Uniform Standards: The Ministry of the Interior (SEGOB) has been working to update the 1947 Federal Law of Games and Lotteries to subject online and land-based games to uniform, stricter standards.

4. Impact of the 2026 World Cup

The gaming industry is currently pressuring the government for modernizing reforms ahead of the 2026 FIFA World Cup, which Mexico is co-hosting. Stakeholders argue that current archaic laws from 1947 do not address modern mobile and online realities and could drive players toward unlicensed operators due to the heavy tax burden and lack of new licenses.

Citi : please read what I’ve said. I’ve never said that my formula or my considered opinion had anything to do with the price drop. In October I gave an estimate of what the relisting price would be .. and I was bang on the numbers. So, you now reckon 1p after the World Cup. Take me up on my Put and Call offer.

My well-trodden formula : what is the formula Citi? You have no idea .. just throw unresearched and wild statements to suit your narrative; which barely come true. So, will you enter into a Put and Call option at .85p (that gives you a substantial margin over your prediction of 1p after the World Cup)? Or is the 1p just another piece of guessing?