Inspired Gaming inspired trading update
Inspired Gaming has been on the end of a dreadful trading period with the share price being hammered falling from over 300p to less than 5p in the space of one year.
This is a shocking decline. So what is behind it? Loss making pubs division was a drain and has been sold and a chunk of Icelandic owned shares did not help.
Still, INGG has doubled from its recent lows and could have further to go. It is worth watching this one for short term technical gains.
Inspired Gaming Trading Update[ADVFN]
Key Highlights
* Trading in the financial year ended 30 September 2008 in line with the Directors'
expectations
* Successful completion of £40.0m fund raising via the issue of 80,000,000
Convertible Preference Shares in July 2008
* Solid progress in the UK: continued growth in LBO SBG machine incomes, large-scale
deployment of SBG bingo terminals and another successful summer season in Leisure Arcades
* Strong sales momentum in the International Division following the completion of the
fundraising
* Completed disposal of loss-making traditional Pubs Division
* Sale process continuing
The Company is pleased to announce that since the sale of the loss-making Pubs Division and the completion of the fundraising of £40.0 million Convertible Preference Shares* trading across the Company's UK and International divisions has been encouraging. The outturn for the financial year ended 30 September 2008 was in line with the expectations set at the commencement of the formal sale process which started in July 2008.
.
1 comments:
-
The world series of poker is starting in june 2009 at Las vegas.
If you are looking at luxury accommodations at affordable prices, try the Palms Place.
Palms Place Guests Step into a world of visual stimulation and sophisticated luxury. From its spectacular Strip views and Hollywood-hip credentials, Palms Place provides guests with exclusive and sophisticated accommodations just steps away from the excitement and Splendor of fabulous Las Vegas Strip.
Palms Place offers exclusive and exquisite accommodations. Luxury Suites International offers value rates.
The one bedroom condos offer guests 1220 square feet of luxury contemporary accommodations with hardwood and marble flooring. The upscale amenities include a king bed with Italian bedding by Mateo and queen-size pull out sleeper sofa, twin 42” plasma TVs,9-foot ceilings, a state- of-the- art kitchen with stainless steel appliances, dining area, living room with fireplace, multiple balconies, one-and-a-half bathrooms with a dual vanity and a laundry closet with a washer and dryer. The Kitchen features a stove top, dishwasher, microwave, refrigerator, ice machine, kitchen utensils and appliances. The suites offer guests an intimate evening to relax and enjoy the view with a standalone Villeroy & Boch whirlpool bathtub in the master bedroom area.
The serenity of the bedroom suites continues throughout the hotel property. All Palms Place guests are granted access to the inner circle, which includes a comprehensive business center and 24-houe VIP concierge service, exclusive to guests at palm place. Guests also have convenient access to 24-houe valet and room service as well as 9 world-class restaurants,8 lavish night clubs and lounges and 2 acres of opulent swimming pools with a 12-foot waterfall. Featured attractions include the drift spa, Ghost Bar, Sunset Tan, Simon Restaurant, The Playboy club and Pearl Theater.
Located just off the heart of the Las Vegas strip, the palms place tower is located east of the palms hotel towers, conveniently connected by a modern glass-enclosed, elevated moving walkway. A quick ride can take you to the strip, the Las Vegas Convention center and McCarran Airport.
Reserve your suite at http://www.luxurysuitesintl.com or call 1-877-574-4685
