Aim listed B2B mobile gaming platform provider Nektan Plc, has issued it’s a preliminary trading update for its full year results ending 30 June. Nektan governance expects full year 2015 net gaming revenue to be approximately £0.5 million, with the adjusted EBITDA loss (excluding listing costs, exchange differences and non-cash charges relating to share based payments) to be better than …
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XLMedia acquires Marmar media for $7.3 million
London AIM listed igaming marketing firm XLMedia has continued its corporate expansion through acquisition, with the conformation of its majority stake purchase in digital and mobile marketing services operator Marmar Media. XLMedia governance confirmed that it had agreed to acquire a 54% stake in Marmar Media for a cash consideration of $7.36 million (£4.7million). XLMedia expects the acquisition to immediately …
Read More »XLMedia boosts mobile inventory with strategic acquisitions
London AIM listed igaming acquisition marketing specialist XLMedia issued a short corporate statement informing the UK media that it had acquired a number of mobile focused websites to increase its publisher network. XLMedia as yet have not disclosed any financial details regarding the mobile acquisitions, however company governance stated that the company would continue to search for opportunities to expand …
Read More »Stride Gaming looks to raise £10 million on London AIM
Online bingo and games operator Stride Gaming has announced its intentions to raise a minimum of £10 million on the London AIM. The operator has requested for admission of its shares to be traded on the London AIM, by announcing Cantor Fitzgerald Europe to act as its nominated adviser. Stride Gaming will look to commence trading by the 19 May. Stride …
Read More »Gaming Realms positive of future growth despite increased losses
London AIM listed Gaming Realms Plc, remains positive on company performance despite reporting wider pre-tax losses for its 2014 financial performance. The company highlighted that it was entering a key growth stage which had seen a substantial revenue increase, which would continue into 2015. Reporting on an extended 15 period (ending 31 December 2014), after governance changed its yearly reporting …
Read More »Loss of content partnerships impacts Nektan 2014 Performance
London AIM listed mobile gambling provider Nektan PLC has reported half year losses of £2.4 million EBITDA (period ending 31 December). Nektan recorded a revenue fall in revenues to £250,000 (H1 2013 – £1.3 million). The operator said its pre-tax loss for the six months to the end of December was £3.9 million, compared to a £3.1 million loss a …
Read More »XLMedia expects to hit targets after record 2014
London AIM listed igaming marketing firm XLMedia has stated that it expects to hit all yearly targets as the company has seen ‘strong organic growth from its 2014 activity. XLMedia issued its latest trading update for the 12 months ending 31 December 2014, with the firm expecting to post a revenue growth of 43% on 2013 performance. The igaming player …
Read More »Picklive AIMs for £10m float
Fantasy sports operator Picklive has announced its plans to raise £5 million capital investment by listing itself on the London Alternative Investment Market (AIM). The potential listing will be managed by ZAI Corporate Finance, if successful in reaching its target investment, the company will be valued at £10 million. Picklive announced that it would use the capital raised to create …
Read More »Nektan plans October AIM float
Mobile gambling technology and platform provider Nektan issued a Schedule One announcement this past Friday, detailing the company’s intentions to list on the London Alternative Investment Market (AIM) by mid-October. Nektan senior management announced that the AIM listing would be managed by corporate finance firm Panmure Gordon. Nektan did not disclose details regarding targeted share price, initial share listings offering, …
Read More »XLMedia targets record growth for H1 2014
XLMedia expects to report record revenues from the first half of 2014, a trading update reveals. The digital marketing service provider experienced strong levels of growth in its core channels and from its new media platforms including mobile and social media. Overall performance is in line with market expectations, although strong growth was underpinned by leading Scandinavian markets, as well as …
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