29 April 2016

Gamingking no longer TheBiz

Lottery operator TheBiz.com, one of the last remaining dotcoms on Aim, today became the latest firm to ditch the now infamous suffix, changing its name to Gamingking to reflect 'a clear and unambiguous change of strategy'. Elliott Davis reports.

Cynics could argue that the change effectively leaves Gamingking back where it started two and-a-half years ago. At the time the company existed as pure lottery business Lotteryking, changing tack with the acquisition of Web-based information portal the Business Information Zone (BIZ) in March 2002.

Finance director Guy van Zwanenberg is more positive. He argues that Gamingking is now in far better shape than it was 30 months ago, even though the old Lotteryking business is once more central to the group. He claims a 66 per cent increase in lottery-related operating profits last year as evidence of this.

Van Zwanenberg also notes that, while mistakes have been made, much has been learnt (on the technology front) from BIZ. Moreover, he says that today BIZ is cash-neutral and still in operation.

Gamingking will now focus its efforts on taking advantage of 'upcoming opportunities in the gaming industry'.

This latest change of name means only five dotcom companies remain on Aim, a number likely to reduce further in the near future. Former e-commerce venture bizzbuild.com is a cash-shell awaiting a reverse takeover, while the board of StartIT.com yesterday reiterated comments that it is considering all options, including members' voluntary liquidation.

Gamingking shares remained unchanged at 0.8p on the day.

Cash Shells 2015

Published in September 2015 this annual research report provides a comprehensive overview of cash shells on the Main Market, AIM and PLUS landscape. Order your copy today

 

Superb investment toolkit for private investors

SharePad is the new web-based service from ShareScope. Easier to use and more powerful. Perfect for tablets, Macs and Windows PC. Covers ALL your investment requirements.

Growth Company Investor: free trial

Since 2008, our share tips outperformed the benchmark by 281%. Take a free trial and get access to our recommendations today. Start free trial now.

Directors' Pay on AIM 2015

The most comprehensive review of AIM directors' pay available, and this year includes a record sample of 1000+ AIM-quoted companies. The full report is available to order for £385 + VAT. Click here for more info

 

Latest small-cap and growth company news

Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.

Popular News

Latest News

GB going great guns 22/04/16

GB Group (AIM: GBG) has released a positive update on trading for the year to March. Operating profits are comfortably ahead of expectations and show 24 per cent growth. What’s slightly unsettling, especially given the demanding prospective p/e ratio of 30, is the news that long-time CEO Richard Law is to step down.

Looking after the talent 21/04/16

NetDimensions (AIM: NETD) shares enjoyed a strong recovery in the years following the financial crisis, only to run out of steam last summer. The subsequent 40 per cent fall in the share price looks like it’s now played out, with the stock responding well to recent results.

The Tide is rising 21/04/16

Crimson Tide (AIM: TIDE) is a tiny tech company with only £1.4 million sales just reported for the 2015 year. However it’s highly unusual for its size in that it’s profitable and generates cash. Sales are forecast to grow to £2.4 million next year and if this momentum can be built on, the shares could get interesting.

Mi-Pay moving the right way 14/04/16

Mi-Pay (AIM: MPAY) has announced results which show reduced losses and evidence that things are moving in the right direction. The company provides payment services for mobiles; so it’s certainly exposed to a growing markets. Costs and cash outflows have been reduced, while the value of customer transactions grew by 31 per cent in 2015.

Cropper beats expectations 11/04/16

Specialist paper maker James Cropper (AIM: CRPR) has pleased the market with an upbeat end-of-year trading statement. After a good run the shares had spent a few months consolidating; but today’s news has seen them move up 15 per cent and into new all-time high territory.

Transense looking to reward investor patience 07/04/16

Transense (AIM: TRT) was founded twenty five years ago and has been listed on AIM since 1999; but has yet to report a profit. It’s tough for many small tech stocks trying to sell innovative products to much larger organisations and Transense is clearly no exception. However the fact that the company is still soldiering on suggests it might have something worth persevering with.

More News