Member Info for zooter

Back down we go. Some strange trades going through since 3pm. Ten ordinary trades of between 1 to 7 shares gone through within 15 minutes. Makes you wonder if some gentle manipulation is going on. Surely not.

Fully agree with your views. We actually discussed this last April/May when the sp was also at these ridiculous levels. At that time the former CEO off-loaded 2m shares which assisted the decline and in January they announced that the CFO is leaving this year. Again assisting a decline in the sp. The value of the company has decreased £600m in less than 2 years and nobody bats an eyelid. I would have hoped that the company buy back shares, which would also deter any shorting. Why are directors not buying at these levels? Unless in a closed period. Surely they know the true value of their company. Hope there is no hidden agenda which will prove detrimental to genuine shareholders. Again we wait and see what unfolds.

Another fantastic RNS today. 189% increase and $120.8m revenue for Q4. SP over £2. Great start to 2020.

Possibly the mother of all unicorns. Merry Christmas to all GAN holders and a healthy and prosperous 2020. We have ourselves one of the best presents here but will not be unwrapping for some time.

Difficult to find a company with more positive updates than GAN has had in recent months. The growth potential in the US is enormous and as I have said many times before, probably one of the best companies on AIM. As is the norm nowadays the sp has been walked down by over 20% in the last three weeks, on very low volumes. Virtually all ordinary trades and very few automated, indicating not many traders here. As other posters have said, expect MM games, possibly to accommodate the bigger players at lower levels. The sp should be nearer to £2 rather than £1 imo and even the Naked Trader has a target price of £1.85. The sp has fallen back to a good entry level, so not bad from that point of view, but don't be duped into selling at these low levels.

More fantastic news. It doesn't get much better than this but sp down. MMS trying their best to get cheap shares.

Been slowly accumulating here for a few years, when the sp was below 30p. The full potential of the company is now slowly being recognised, especially with the huge anticipated growth in the US. The long overdue rerate has eventually started, but is just the beginning. Currently possibly one of the best shares on AIM and will continue to be so until an eventual TO.

Reminds me of TTR (32 Red) which had an sp of around 20 to 30p for many years and from memory was eventually taken over at around 130p. The potential of GAN dwarf's this and I anticipate the eventual exit sp will be considerably higher. In hindsight wish I'd had the nerve to accumulate many more shares but happy to add more on any further drops. One of the few no brainers on AIM. GLA

Wish I had added too. RNS today informs that a German Company has acquired just over 5%. Ridiculous price drop in last few months, probably to allow big players to buy in with low limit orders. Must be attractive to many overseas investors, since the demise of sterling.

Also agree. The potential here is huge but still a gamble and this stage. Cautiously adding at these levels. Unfortunately, as with most start ups we are in the hands of the big players. The sp can be decimated to such low levels, that make raising funds virtually impossible and leave the company vulnerable to low ball offers, from venture capital companies and alike. Small pi’s are irrelevant.

Sincerely hope that does not happen in this case and perhaps becoming too much of a cynic.

and only 105m shares in issue. Exciting times

Just been offered 17p to sell. Hopefully should get over 20p today. GLA

The trading pattern here has been very strange for many months, with predominantly Auto trades, including trades of less than 10 shares and several below 50 shares. Is this being controlled for the benefit of some? Time will tell but in the meantime it appears as if the SP has and will be decimated.

The SP is supposed to be a reflection of the value of the company not a tool to benefit the privileged few. Working in the interest of shareholders and shareholder value appears to have gone out of the window, except perhaps for a few.

Silence from all the major shareholders. Two Asset Management Companies, hold approximately 52m shares between them, and are supposed to create long term value for their clients. The Phoenix Holdings Ltd hold approximately 20m shares and are an Israel based holding company. These are in addition to the major family shareholders.

The last Broker update was on 12 March. Canaccord Genuity gave a BUY recommendation, with a target price of 285p. So much for the so called experts.

If there is a hidden agenda here, it will be interesting to find out what exactly it is. Sincerely hope it is not to drive the SP down with the intention to take it private at a low ball offer. But surely that would not be allowed to happen in the highly regulated fanancial markets.

Quite staggering the ease at which the value of the company has been reduced over the last 12 months by approximately £600m. Very likely orchestrated by certain big players and probably with the aim of the company dropping out of the FTSE 250. In the event of this happening , a few institutions will have to sell their shares and interesting to see who the new recipients will be.

The SP collapse has not been helped by the former CEO off loading 2m shares in April at a price of 152p. This in itself was quite surprising as in 2015 they turned down an offer of 210p from William Hill, stating that they wanted around 300p per share.

The SP does not appear to have any relation to the fundamentals and would appear to be justified by one or two negatives but ignoring the clear positives in the US.

Totally agree Larsson. There would appear to be a concerted effort to drive them out of the FTSE 250. That could result in some iis having to sell and pretty sure all shares will be hoovered up. Too cynical perhaps. Doesn't help when future forecasts state pre tax profits to 31/12/19 will be $52.38m and $56.71m to 31/12/20. Quite a fall from the 2018 figures. UK regulatory pressures will have some effect but apparently not taking into account potential growth in US. Who are these so called experts.

Well that was definitely out of the blue. SP fell to 42p but now recovering slightly on low volume. 45 trades to date and just over 210,000 shares traded.

"GAN undertaking a comprehensive review to maximise value for shareholders".

"Union Gaming appointed as financial advisers to assist with the review".

"The company confirms that at the time of this announcement it is not in discussions with any third party about the potential sale of the company".

All sounds a bit suspicious. I hope they do intend to maximise shareholder value and not sell out to some low ball offer, in true AIM fashion, bearing in mind the future US growth potential. Whether this will be for the benefit of the directors or the shareholders, we will have to wait and see. Might explain why the sp has not increased in recent months, despite several very positive RNS.

Hope our regular posters will be available for comment.

Another excellent RNS therefore expect the SP to fall yet again.lol. Must rerate at some stage. Will continue to add at these levels.

Approximately 224,000 shares traded today. I would not regard that as heavy selling. A possible background seller or just normal AIM games. Regard it as a good buying opportunity.

Blackrock now increased their holding to 5.19%

In order to see why the SP has fallen to these levels, just read again the Fleet Business Update dated 4 September, together with the Year End Results. Comments such as "revenues for 2019 will be materially below current market expectations" is not encouraging words. Also if you look at the accounts Trade and Other Receivables have increased A$12m since the previous year.

These are concerns which have to be addressed. Paul McGlone would appear to have been brought in to sort out the immediate issues. To me he is the one who will hopefully sort out the business side of the company, which is paramount. It is clear that the company will require funds before June and as they can not leave this until the last minute, this will probably be done around Spring. We have the technology and data but the business side has to be sorted out.

Gaming companies in general have obviously been hit by Regulatory pressures, particularly in the UK and 888 also has an ongoing appeal against a German Court decision. However there is the huge growth potential in the US following recent changes to legislation. In the H1 2018 Financial Results, the Board " continues to believe that 888 is very well positioned for future growth".

In the recent Christmas podcast by the Naked Trader, he has bought into 888, following the steady fall in the sp and refers to the huge growth potential in the US. He also expressed that the company is likely to be a take over target. If this were to be the case, I do not envisage it would be near the current sp, which has today fallen below 160p.