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GAN - Shares explode upwards after H1 significantly ahead of expectations

October 2019

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:
  • GAN
  • Price:
  • 84.5p
The shares exploded upwards after GAN, which supplies software to the online casino sector, said H1 trading is significantly ahead of the Board's expectations for the eight months to end August. Having attracted multiple bids after putting itself up for sale in May - just two months after SCSW wrote about it at 51.5p - it said that it has decided to terminate discussions in order to remain independent and maximise value for shareholders.Back in May I had included a quote from chief executive Dermot Smurfit on the back of US prospects for sports betting and real money gaming: “my business, which has sucked for so long, could suddenly become the world’s greatest business.” And so it is proving. A trading update ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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