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GAN - Banking a gain of 832%

September 2020

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:
  • 480p
GAN has reported Q2 results with sales doubling to US$8.3m, broken down to SaaS from real money gaming (US$4.2m, +99%); licencing its online gambling patent (US$1.5m); and GAN’s free-to-play simulated gaming (US$2.6m, +79%). The US accounted for US$7m or 85% of total revenue.The IPO leaves it with US$63.8m net cash and acquisitions are planned. However, the company has unnerved some by saying that FanDuel has “deployed their own digital wallet for its sports gaming business, and therefore GAN does not anticipate sports gaming revenues from FanDuel beyond August.” The shares came off on the news. I think they’re up with events based on sales guidance of  of US$37-39m for the year.Banking an 832 ...

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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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