Member Info for zooter

Quite staggering how the sp can drop over 60% in three months from a market cap of £350m to the current £113m and nobody bats an eyelid. Quite acceptable on AIM and in share dealing generally.

Is the drop justified? Have the fundamentals changed dramatically for the worse? I think most know the answers.

There is unfortunately no indication of how much further the sp can fall. It could quite easily be taken down another 50% from here but who knows. For sure a few will know but not me. Big players control the markets and we follow.

Current volumes today are the second highest over the last five months. Approximately 530,000 shares traded today. Not staggering volumes but high for BOOM. Unfortunately the world macro economic situation is pretty dire and looks like getting worse. That is the only feasible explanation for the ludicrous fall which regrettably looks like continuing downwards. Could go either way but for sure if there was to be a buyout, it wouldn’t be near these levels. Sorry for those investors who bought at over £20.

Clearly trust in AS is waining by the day, reflecting his previous form with discounted placings. Could the new participants be offloading in order to reload at an anticipated new placing price, probably below 10p. Great future potential with DA but the jury is out as to whether this is in the best possible interest of all shareholders, or for the benefit of a few.

As I said the other day we continue to witness manipulation and deception at its best. Had this controlled price for some time now. MMS possibly trying to fill a large buy order at this level. Cannot imagine large selling at these ridiculous prices. As suggested call their bluff by placing numerous buy orders. Farcical.

Defies logic not defines. (Autocorrect)

There has been a constant drip of small amounts of shares recently, probably intended to keep the sp suppressed and quite successful by the looks of things. Quite common on AIM and frustrating for LTHs but provides great buying opportunities. A game of deception which defines logic. A huge re-rate will have to occur at some stage in the future, which is clear for most to see but until then we will witness a game of AIM deception at its best.

Indeed excellent news and a promising future. Why the drop? Because predictably that’s what the mms do nowadays, even when good news. Probably hit a few stop losses but more importantly minimal volume. Don’t forget only 24m shares in issue. A definite long term hold.

SP being dropped on negligible volume . Approximately £90k worth of trades so far today says a lot. May drop further but think some should be concentrating more on an exit price rather than meaningless drops. “Gift horse and mouth” spring to mind.

SP fallen over 10% this week on minimal volume. Approximately 126,000 shares traded in the last three days, says it all. May unfortunately see a short term walk down but doubt it can be sustained.

Correct. You are not able to buy on Barclays platform. At least not in an ISA. No problem on HSBC and Hargreaves Lansdowne.

https://www.fool.com/investing/2021/03/26/why-gan-ltds-shares-plunged-125-today/?source=djc&utm_source=djc&utm_medium=feed&utm_campaign=article&mod=mw_quote_news

Never seen so many one share trades and single figure trades as today. Needs investigating but wishful thinking. Will clearly be driven lower. Greedy target price of 270p to buy back.

Another Niche ETF launched yesterday: Roundhill Sports Betting and iGaming ETF (BETZ). It is the first of its kind ETF globally designed to track the online sports betting and online casino sector.

https://www.casino.org/news/sports-betting-investing-has-new-idea-with-betz-fund/

"BETZ debuts as analysts are dramatically increasing their forecasts for the iGaming and sports wagering markets. Previous forecasts were $7 billion to $10 billion (assuming at least 35 states) but new forecasts predict over $20 billion. Analysts and investors realise that iGaming and sports wagering are the new frontiers of growth, in the gaming industry."

Draftkings SP finished at over $40 last Friday, equating to a Market Cap of $12.4 billion. The company went public on 24 April and its opening sp was $9.76, so a 400% increase in less than six weeks. Their full year revenue for 2019 was $432million but in their analyst day presentation they anticipated upto $4.7 billion annual revenue (ie. an increase of over x 10). This is obviously a very optimistic and bullish statement but investors are clearly betting that online gambling will multiply and drive growth for many years. A few gaming related companies like Draftkings and GAN are currently in a very hot sector, where huge market cap values are being achieved, that are unrelated to past earnings, but reflect potential earnings over the next few years. The US Sports Betting Market is estimated to hit $5.7 billion by 2024 (based on 34 states) and $10.4 billion (based on all 50 states).

GAN's market cap at close last Friday was $612 million with an sp of over $22. This reflects an increase of over 100% from the opening sp of $10.6 about three weeks ago. An impressive increase but still well short of Draftkings within a six week period. Some analysts anticipate a possible sp for Draftkings of upto $75 per share. Draftkings has a strong first-mover advantage in online sports betting and is highly recognised among sports fans but GAN is thought to have advantage with their platform software and services solution, together with their leadership experience in the sector. I believe that huge investment will continue in this sector and a market cap of $2 billion for GAN is not unreasonable. The significant current increase in market cap to $612million will make GAN eligible to move into the Russell 2000 and the S&P Small Cap 600 Indexes. This in itself will attract large institutions and funds, which currently would not invest in lower tier companies. All very positive.

Must stop reading between the lines. Skepticism is not permitted.

Completely agree Rivaldo. Like a few posters on here, been involved in GAN for over two years, when the sp was 25p. My original target price of £1 gradually increased to £2.50, reflecting the possible exponential growth in the US , which has become more transparent in recent months and exciting for GAN holders. The NASDAQ listing has added further to the future potential of the company, and which could be quite staggering and possibly multiples of the present sp of $15.

The current macro economic situation will and has affected many companies but I believe GAN is one of the safer shares to be invested in and the real growth potential is just starting. How on earth the sp on AIM went below 70p only a few months ago is completely beyond me but says a lot for the lower tier UK markets.

An observation for those who follow volume. The weekly volume of shares traded last week was just over 2 Billion and this week to date is approaching 2 Billion. This is significantly higher than any previous volumes recorded and amounts to approximately 30% of the current market cap each week. That is a lot of shares traded in the last two weeks. Draw your own conclusions.

My opinion is that the Hambro sale on 30 March is of little significance and the selling price would have been below 0.07p. They would appear to be a relatively small player if you check the company details.

HL will convert each GAN (UK) share to 0.25 of the new GAN Bermuda share plus 2.32p in cash. Last day to sell was 21 April.

The GAN Bermuda shares can not be traded and settled directly in the UK. In order to trade the new shares as quickly as possible, HL will attempt to move your existing GAN shares to their global custodian, HSBC prior to the effective date. So on 22 April they will attempt to move the new shares to HSBC.

The new shares will continue to show on your HL portfolio but HSBC will be the underlying custodian. Your shares can be sold by phone only and converted from $ to £ at their current currency conversion fees. Telephone commission is 1% with a maximum of £50, plus HSBC fee of £15. Once your shares have been received in to the new HSBC account, you can trade them on NASDAQ. Assume you will then be able to buy, subject to funds but you should confirm with HL.

Much better arrangement than Barclays Smart Investor who sold ISA shares automatically on 15 April at the then low sp of around 135p. As the UK shares are still currently being traded, feel a bit cheated, but not totally surprised. Fortunately most of the family ISAs are with HSBC.

Good to see the sp recovery in the last 3 days but still a long way off it’s true potential, reflecting the enormous growth prospects in the US, the proposed NASDAQ listing, and despite the short term set backs.

Virtually all shares be rallied in the last few days and of course many of these gains could quickly evaporate until the Corona problems are resolved. All shares are currently a bit of a lottery at present but long term strong fundamentals will prevail and GAN is currently high up on my list for future growth.

Amazed how the sp has fallen 35% since Monday morning and hardly earth shattering volumes (approach 2.86m shares traded in 2 days), let alone 70% down from the beginning of January. Virtually all shares being crucified on the back of Corona virus , whether merited or not. Seems to be regular price monitoring here but obviously nothing untoward and all above board.

How far down will they take it. 50p, 40p, 30p or lower. Anything is possible while they have sellers. There will clearly be some impact on revenues short term but hardly to the extent that justifies the current falls. Great profits to be made from these levels for some. Just wish I had sold and bought back.

Blackrock Investment Management (UK) Ltd increased their short position on 5th and 6th March to 0.65%. Reassuring to know that some of the big players are making good profits.