Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Probably just under the radar for the time being?
So good performance but just up a little. Cannot get it. GameAccount Network plc (“GameAccount Network” or the “Group”), a leading developer and supplier of enterprise-level B2B gaming software and online gaming content, is pleased to announce results for the year ended 31 December 2013. Financial Highlights • Net Revenue increased by 123% to £12.3m (2012: £5.5m) • Clean Ebitda1 increased by £3.8m to £4.1m (2012: £0.3m) • Profit before tax for the year increased to £1.6m (2012: Loss of £1.0m) • Earnings per share increased to £0.04 (2012: £0.01) • Placing and admission to AIM and ESM raised £15m2 to accelerate growth • Strong balance sheet: cash and cash equivalents increased to £16.9m (2012: £1.7m) http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11937631
Of 125p being paid:)
Shares in casino games developer GameAccount Network soared by more than 11 per cent in London this morning after the company recorded a 123 per cent increase in full year net revenue to £12.3m in its maiden results as a listed company. GameAccount CEO Dermot Smurfit said it was a transformational year for the company, which saw it successfully raise £15m through an institutional placing last November and listed on the AIM and ESM markets of the London and Irish Stock Exchanges. “We have made real progress in delivering on our strategic initiative to develop sustainable higher margin revenue streams while positioning the group for growth in regulating markets,” said Smurfit.
About to have an up-wards tick:)
Results were ahead of expectations.....conference call at 2.00 this afternoon: Https://www.davy.ie/research/public/article.htm?id=Davy_Morning_Equity_Briefing_30042014_moneBLinkS0008C0001Cmp.htm "2013 results ahead of expectations; announces new simulated gaming deal with Empire City Casino in New York DAVY VIEW GameAccount Network has posted a strong set of numbers in its first set of financial results post-IPO. In addition, it has announced a further simulated gaming deal, this time with Empire City Casino in New York. The group’s pipeline of simulated deals is particularly encouraging as we believe it is testament to the relatively high player yields being experienced by Foxwoods since going live earlier this year. 2013 numbers ahead of forecast GameAccount Network has issued its first set of financial results as a listed company with revenues and earnings coming in ahead of expectations. Group net gaming revenue increased 121% to £12.3m (2012: £5.5m), £1.1m ahead of our forecast of £11.2m. Within the mix, B2B revenues accounted for £11.3m with B2C accounting for £1.0m. The significant growth in B2B revenues was driven predominantly by the sale of an internet gaming system as well as growth related to US real-money operations. Group EBITDA came in at £4.1m, 17% ahead of our forecast of £3.5m. Higher-than-anticipated development fees appear to have been the main contributor to the earnings beat. Non-recurring costs of £1.7m were incurred during the year, primarily related to the group’s IPO and expansion to new offices. Net income (pre-exceptionals) came in at £2.8m (Davy: £2.5m). The group finished the year with a net cash position on its balance sheet of £16.9m. Early simulated gaming player yields encouraging The group has provided its first update on how the launch of its Simulated Gaming product is going in the US via its partnership deal with Foxwoods Resort Casino. The product launched in January and while it is still early days, management has been encouraged by the fact that player yields are running at more than three times the levels of other published social gaming providers. Such yields should act as a powerful calling card to other land-based casinos. Further simulated gaming deal announced this morning Following on from last month’s announcement that seven Osage Casinos in Oklahoma had signed up for GameAccount’s simulated gaming offering, the group has confirmed this morning that is has now secured a further simulated deal with Empire City Casino in New York. The deal, which is subject to regulatory clearance, is likely to go live in the second half of 2014. Empire City (at Yonkers Raceway) is a Racino with annual revenues of close to $450m. The casino had almost 8m visitors in 2012 alone. GameAccount management believes that the Empire City database has limited overlap with that of Foxwoods, whic
Noticed by the mainstrem press for today's positive results! http://www.independent.ie/business/technology/gameaccount-network-announces-higher-revenues-and-profit-30231480.html GameAccount swings into profit 30 April 2014 | 07:49am StockMarketWire.com - GameAccount Network posts pre-tax profits of £1.6m for the year to the end of December against a loss of £1.0m last time. Net revenue increased by 123% to £12.3m and clean EBITDA increased by £3.8m to £4.1m (2012: £0.3m). Earnings per share increased to £0.04 (2012: £0.01). Chief executive Dermot Smurfit said: "2013 was a transformational year for GameAccount Network. Net revenue has more than doubled and EBITDA increased from £0.3m to £4.1m. We have made real progress in delivering on our strategic initiative to develop sustainable higher margin revenue streams while positioning the Group for growth in regulating markets. "We also successfully raised £15m through an institutional placing in November 2013 and listed on the AIM and ESM markets of the London and Irish Stock Exchanges. We have a strong balance sheet with almost £17m in liquidity to accelerate our growth in 2014 and beyond. "We continue to invest significantly in recruitment to support increased product development and sales & marketing services capability in both the European and United States regulated markets." Story provided by StockMarketWire.com - See more at: http://www.stockmarketwire.com/article/4801130/GameAccount-swings-into-profit.html#sthash.NuUGWoRX.dpuf
She's moving north!
And nice up-ward movement! GLA:)
GameAccount Network plc2013 Full Year Results 2013 a Transformational Year Uniquely positioned for further growth LSE: GAMEISE: GAME GameAccount Network plc ("GameAccount Network" or the "Group"), a leading developer and supplier of enterprise-level B2B gaming software and online gaming content, is pleased to announce results for the year ended 31 December 2013. Financial Highlights -- Net Revenue increased by 123% to GBP12.3m (2012: GBP5.5m) -- Clean Ebitda1 increased by GBP3.8m to GBP4.1m (2012: GBP0.3m) -- Profit before tax for the year increased to GBP1.6m (2012: Loss of GBP1.0m) -- Earnings per share increased to GBP0.04 (2012: GBP0.01) -- Placing and admission to AIM and ESM raised GBP15m2 to accelerate growth -- Strong balance sheet: cash and cash equivalents increased to GBP16.9m (2012: GBP1.7m) Strategic & Operating Highlights -- Launch of real money gaming platform in newly regulated New Jersey via Betfaircasino.com under the Trump Resorts International brand -- Partnered with Foxwoods Casino in Connecticut in advance of the launch of Simulated Gaming product in January 2014 -- Enhanced Simulated Gaming player economics exceeding internal projections and in excess of 3x published social casino gaming player values -- Game development and distribution deals with KONAMI Gaming, Multimedia Games, Reel Time Gaming and Gamomat launching in 2014 -- Significant growth in higher margin revenue streams including a major platform sale and increased third party game development deals -- Increased gross income from Italian market from the distribution of third party slots content -- Continued investment in Internet Gaming System software platform and in the US market through recruitment of US management and the opening of Las Vegas, Nevada office -- Post year-end, signed new partnerships with Net Entertainment for game distribution in Italy; and with Osage Casinos in Oklahoma and New York's Empire City Casino in the United States Dermot Smurfit, CEO of GameAccount Network commented: "2013 was a transformational year for GameAccount Network. Net revenue has more than doubled and EBITDA increased from GBP0.3m to GBP4.1m. We have made real progress in delivering on our strategic initiative to develop sustainable higher margin revenue streams while positioning the Group for growth in regulating markets. We also successfully raised GBP15 million2 through an institutional placing in November 2013 and listed on the AIM and ESM markets of the London and Irish Stock Exchanges. We have a strong balance sheet with almost GBP17 million in liquidity to accelerate our growth in 2014 and beyond. We continue to invest significantly in recruitment to support increased product development and sales & market
2014 – The Great Irish Share Valuation Project (Part VI) I take a look at GameAccount Network, plus a batch of other Irish stocks: http://wexboy.wordpress.com/2014/03/31/2014-the-great-irish-share-valuation-project-part-vi/ Cheers, Wexboy
Terrific news today - Konami is the fifth-largest gaming company in the world by revenue :o)) Good to see the agreement relating to mobile devices as well as PCs etc: http://www.investegate.co.uk/gameaccountnetwork--game-/bus/statement-re-partnership-with-konami-gaming/20140116070000Z4542/ "GameAccount Network plc secures partnership with Konami Gaming, Inc. Leading gaming manufacturer to move online with GameAccount Network ISE: GAME LSE: GAME GameAccount Network plc (“GameAccount Network” or the “Company”), a leading developer and supplier of enterprise-level B2B gaming software and online gaming content, announces the formalisation of its strategic partnership with Konami Gaming, Inc. (“KONAMI”) as originally set out in the Company’s Admission Document of November, 2013. In 2014, the Company will bring KONAMI games online. The Company will also offer its GameSTACK™ Internet Gaming System to land-based casino operators utilising the KONAMI SYNKROS™ gaming enterprise management system. KONAMI casino slot games locally deployed within the Internet Gaming System will join those available from Ainsworth, Incredible Technologies, Scientific Games, Reel Time Gaming, GamoMAT and Multimedia Games to create one of the widest selections of Class III gaming content available online in Adobe Flash and mobile client applications coupled to the Company’s proprietary range of casino table games and multiplayer skill-based games. GameSTACK™ GameAccount Network recently deployed its GameSTACK™ Internet Gaming System in New Jersey’s newly-regulated Internet gaming market. GameSTACK™ manages all customer registration, verification and banking and also offers a wide range of Casino Table Games, integrated Poker and diverse Casino Slot Games offered for real money regulated Internet gaming or virtual credits-based Simulated Gaming™ via PC & Mac desktop personal computers and mobile devices. Compatibility with the exacting regulatory regimes of New Jersey, Spain, Italy and the UK have made the GameSTACK™ Internet Gaming System a world-class regulated, certified and compliant solution for land-based casino operators seeking to move online. “GameAccount Network is a world-class provider of iGaming solutions. It was critical for us to find a partner who could deliver our game content online in a manner designed to help our casino customers grow their revenues and expand their businesses. Additionally, we selected GameAccount because our views on Internet and mobile gaming strategy align,” explained Steve Sutherland, chief operating officer and executive vice president at Konami Gaming, Inc. Dermot Smurfit, CEO of GameAccount Network, added: “Working in close collaboration with KONAMI to bring their games online in regulated Internet gaming markets is a unique privilege. Our mobile technology and expe
I WILL HOLD YOU BECAUSE I TRUST YOU
It is undervalued, a leading investment funds believes. More details: http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB00BGCC6189GBGBXASQ2 Regulatory Story Company GameAccount Network PLC TIDM GAME Headline Holding(s) in Company Released 11:25 28-Nov-2013 Number 1851U11 RNS Number : 1851U GameAccount Network PLC 28 November 2013  Standard Form TR-1 Voting rights attached to shares- Article 12(1) of directive 2004/109/EC Financial instruments - Article 11(3) of the Commission Directive 2007/14/EC 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: GameAccount Network plc 2. Reason for the notification (please tick the appropriate box or boxes): [ ] an acquisition or disposal of voting rights [ ] an acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached [] an event changing the breakdown of voting rights [X] Other (please specify): IPO TD 19/11/13 SD 25/11/13 3. Full name of person(s) subject to the notification obligation: Artemis Investment Management LLP on behalf of discretionary funds under management 4. Full name of shareholder(s) (if different from 3.): 5. Date of the transaction and date on which the threshold is crossed or reached: 19 November 2013 (IPO TD) 6. Date on which issuer notified: 25 November 2013 7. Threshold(s) that is/are crossed or reached: 5% 8. Notified details: A) Voting rights attached to shares Class/type of shares (if possible using the ISIN CODE) Situation previous to the Triggering transaction Resulting situation after the triggering transaction Number of Shares Number of Voting rights Number of shares Number of voting rights % of voting rights Direct Direct Indirect Direct Indirect GB00BGCC6189 0 0 2,972,042 2,972,042 124,254 5.37% 0.22% SUBTOTAL A (based on aggregate voting rights) B) Financial Instruments Resulting situation after the triggering transaction Type of financial instrument Expiration Date Exercise/Conversion Period/ Date Number of voting rights that may be acquired if the instrument is exercised/converted % of voting rights SUBTOTAL B (in relation to all expiration dates) Total (A+B) number of voting rights % of voting rights 3,096,296 5.59% 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments
That match!
This baby must have loads of potentials!
GAME is off and running today with the first post-IPO news.... Http://www.investegate.co.uk/gameaccountnetwork--game-/bus/statement-re--gameaccount-network-plc-launches----/20131127070000Z9283/ "GameAccount Network plc launches in New Jersey Delivers the Internet Gaming System for Betfair & Trump Resorts GameAccount Network plc (“GameAccount Network” or the “Company”), a leading developer and supplier of enterprise-level B2B gaming software and online gaming content, announces the successful launch of the Company’s Internet Gaming System in New Jersey’s newly-regulated Internet gaming market. The Company’s Internet Gaming System manages all customer registration, verification and banking for www.BetfairCasino.com (the “Website”) where residents of New Jersey can now engage with a wide range of Casino Table Games, Poker and Casino Slot Games offered for real money gaming via PC & Mac desktop personal computers and mobile devices. Designed in collaboration with Betfair Interactive US LLC, a subsidiary of Betfair Plc, the Website offers New Jersey residents a compelling mix of Internet casino games instantly recognisable to patrons frequenting Atlantic City’s land-based casinos. Games include those from Ainsworth, IGT, Incredible Technologies, Scientific Games and SHFL Entertainment combined with the Company’s proprietary games. Highlights • New Jersey’s regulated real money Internet gaming market commenced at 18:00 ET on Thursday 21 November 2013 with the Websites first regulated real money Internet casino wager completed by a New Jersey resident at 18:16 ET. • With a population of approximately 8.9m people, GameAccount Network expects New Jersey’s pre-taxation online gaming revenues will be worth approximately US$250 million in its first full year. • Wide range of recognisable casino games and poker delivered via www.BetfairCasino.com, replicating the land-based casino environment online in partnership with major US casino equipment manufacturers Ainsworth, IGT, Incredible Technologies, Scientific Games and SHFL Entertainment. • GameSTACK™ Internet Gaming System stress-tested to in excess of 5,000 simultaneously-connected real money active players, in compliance with New Jersey Division of Gaming Enforcement’s technical requirements. • GameSTACK™ Internet Gaming System now offers a complete range of technical and regulatory functionality compliant with the New Jersey Division of Gaming Enforcement’s technical requirements for Internet gaming systems and Internet gaming content. • Mobile-enabled Website employs the Company’s SENSE3™ mobile technology combining instant-play HTML5 games with downloadable native Apps and responsive design. • The US online gaming market represents a significant opportunity. It is estimated that regulated intra-State r
I've bought some. Key points: - GAME is already highly profitable on an EBITDA basis - it's going to benefit from the deregulation of the US gambling market, in the same way as OPAY, in which I've been invested for some time now - most shareholders are locked in, so there's a small-ish free float which will exaggerate any upwards movement - the float was much oversubscribed and has a blue chip shareholder list This article confirms that EBITDA reached €4m in the first six months of 2013, compared to €500,000 in the whole of 2012: hTTp://www.independent.ie/business/irish/smurfit-jnr-ready-to-up-his-game-as-clients-grow-29408445.html Extracts: "If a flotation does happen, the business is likely to command an attractive valuation after winning clients including firms such as Paddy Power, William Hill, Boyle Sports and Rank Group. Earnings before interest, taxation, depreciation and amortisation (EBITDA) reached €4m in the first six months of 2013, compared to €500,000 in the whole of 2012. Turnover is expected to hit €30m this year compared to €20m in 2012." "GAN has over 50 electronic gaming platforms that includes well-known games such as blackjack, roulette, poker and backgammon. It licences its gaming software to clients who can then brand them as their own. In Italy, which is GAN's biggest market after the UK, the company's products power 60pc of the country's entire gaming market. It has also been increasing its presence in Spain and the US. Mr Smurfit said that GAN has been careful about the markets it enters, to ensure that it only operates within legal frameworks that exist."
Is following GAME today.... Google the recent news releases for the past month or so and read the info... Rather impressive!
This could be a huge plus if all goes well and approved... http://www.broadwayworld.com/bwwgeeks/article/GameAccount-Receives-Preliminary-Licence-in-New-Jersey-20131111
I'm surprised this has yet to gain more attention today! Could Game be the next IPO similar to GWIN or AGM? I bought 2x tranches this morning and taking a long position. The more and more I research this company... The better it looks! GLA
Nice IPO today. This could get really interesting as GAME just applied for a gaming licence in the State of New Jersey... GameAccount Network, the internet gaming pioneer, announces the receipt today of a single transaction waiver issued by the New Jersey Division of Gaming Enforcement. This follows an extensive process applying for a full Casino Service Industry Enterprise licence to become an interactive gaming software provider in New Jersey. The gaming application and approval to engage in business in the State of New Jersey marks GameAccount Network's first US filing for a privileged US gaming licence, in addition to the existing licences held in the UK from the UK Gambling Commission and in Alderney from the Alderney Gambling Control Commission. Dermot Smurfit, GameAccount Network Chief Executive Officer commented: “Filing in New Jersey was the logical step for our directors and shareholders, in order to be present as a licensed technology provider upon commencement of New Jersey's exciting new intra-State Internet gaming market in the United States. It will be a privilege to become a New Jersey-licensed entity and I want to take this opportunity to thank my fellow directors and shareholders for undertaking the lengthy and complex licensing & disclosure process required to support GameAccount Network's US licensing ambitions.” “We are one of the few European internet gaming companies with significant accrued experience in the US land-based casino Industry. Our decision to file and seek licensing in New Jersey ensures we are positioned to provide land-based casino operators with a world-class, proven internet gaming system.” GLA