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GameAccount Network - Reseller agreement with Konami

February 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • GAME
  • Price:
  • 166p
GameAccount has announced a collaboration with Konami to convert Konami's suite of machine-based games online for which it will receive a once off development fee.  But the more interesting aspect to the deal is that Konami is to promote GameAccount's Internet Gaming System (IGS) to its 80 or so land-based casino customers as part of its overall technology solution. In the event that a casino starts providing real-money gaming online using the GameAccount IGS, the two will split revenues. First forecasts are now available since the IPO with broker Davy forecasting £1.6m pretax in the current year to 31 December, almost tripling to £4.5m next year. Corresponding eps is 2.7p and 6.5p. Tipped at 142 ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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