STOCKCHASE

Numbers were very strong. Strong 4th quarter, are expanding into China, head office is now in Ireland.

2008-03-20

Comment

18.160

Kenneth P. Norquay, CMT

The long-term chart shows a downtrend. It may be in a bottom right now.

2007-11-09

BUY

23.890

A lot of the bad news is out of this stock. Growth prospects are starting to come back into it. It had a few deferments in terms of contracting. Have an interesting joint venture in China.

2007-08-10

DON'T BUY

26.510

Bill Carrigan

Too many gaps in it. Too volatile for him.

2007-06-13

HOLD

25.960

Having a transition year. Reported numbers were shy of what was expected and quality was a little light. Still building their headquarters in Ireland. Expecting a major announcement in June regarding their china development. Expect revenues to pick up in the next quarter or two.

2007-05-11

DON'T BUY

33.830

Model price of 47.85. Too small for him.

2007-05-02

BUY

30.370

Been making a number of very positive announcements. Made a small acquisition that should improve their earnings outlook. Also announced new clients. Real issue is, what will the guidance be going forward. Extremely strong balance sheet.

2007-02-13

DON'T BUY

29.700

Set up a joint venture to move into China. Ranks well at 103 in the model. Earnings are expected to decline from $2.25 to $.77 which gives it a high 38 PE. Continuing concerns on the US government's squeeze on operators.

2007-01-25

BUY

23.020

Moving their headquarters to Ireland. Their plans have been to expand their European operations. Also looking at possibilities in the far east. Have announced some big contracts recently. Earnings stream has been strong. Big cash position. Undervalued.

2006-12-19

BUY

19.930

Moving to Ireland. Even though they are losing some business because of US legislation,, over 70% of revenues are being derived from Europe. No debt, huge cash position and earnings look like they can reach $1.80. Has some challenges, but a cheap stock.

2006-10-13

WAIT

22.980

U.S. Congress voted against Internet gaming, but there is a question if the Senate has enough time to pass legislation. Ranks 323, middle of the pack of his database. Appears cheap at 10 X PE. Earnings expected to grow from $1.71 to $2.26, a 32% earnings growth rate. Wait for Oct/Nov to see what happens very

2006-07-25

WAIT

27.000

In the top 25% of the database. A fairly volatile stock. There is a recurring concern about US regulations on internet gaming. Earnings are expected to go up by 33% in Dec/06. A large client is coming up for renewal in Oct/Nov that raises some questions.

2006-06-21

BUY

33.000

Michael Smedley

Seems to have got past the threat of losing a client for its software. Great cash flow, great cash.

2006-04-20

TOP PICK

31.030

Werner Muehelemann

Has a bit over $8 per share. Trading around 11 X earnings. Will lose a big client this year which is why the stock has dropped. Have grown very earnings 30/50% per year over the last couple of years.

2006-04-12

DON'T BUY

30.840

Gavin Graham

The market is expecting lower earnings. A concept story stock. Can't see any upside on this one.

2006-04-11

BUY

25.900

Ranks 142 in his model. Has positive revisions up 28% in the last 90 days. Has also had a technical breakout at $25 with good volume. Good P/E.

2006-01-12

SELL

19.200

Ron Meisels

A very negative stock. It may have a rally up to $23 but it is a very, very negative stock.

2005-10-17

BUY

20.450

Probably has seen the bottom. Very strong cash position. Will have strong earnings going forward. Bad news has already been discounted in the stock.

2005-09-29

DON'T BUY

20.090

Sold Chartwell (CWH-T), Cryptologic (CRY-T) and Great Canadian Gaming (GCD-T) and when they moved down in his models at the end of June. When a stock takes a loss of 8/9%, you should take a good hard look as their first loss is usually their smallest. Have another look at it in 3/6 months.

2005-09-15

DON'T BUY

24.050

Werner Muehelemann

Valuation is too high. Trading like it would become an income trust.

2005-08-09

HOLD

29.000

Gavin Graham

Up 70% over the last year. Has come back, despite its good earnings. It had run up in anticipation of excellent numbers. Pays a dividend.

2005-08-08

DON'T BUY

33.340

Always expensive to him. Has a model price of $29.55.

2005-08-04

BUY

34.300

Martin Hubbes, CFA

Have a fairly strong cash flow. A lot of the gaming stocks have had a lot of hype around them and have run up very strongly, particularily on-line gaming companies like this one. Thinks there's a real opportunity for this stock, but will have to see what the earnings look like. Would be a long term holding.

2005-08-02

PAST TOP PICK

32.450

(A Top Pick Apr 14/05. Down 15%.) A general concern on gaming stocks. Ranks just out of the top 25% of the database model. Earnings estimates continue to be revised upwards. Had a very large financing in the UK. Many other gaming stocks are attracting attention.

2005-07-21

DON'T BUY

32.900

Jean-Francois Tardif

Likes their product which is now been approved in Europe. Stock has not performed well over the years because of the way they have sold their product. Have used internal sales people which is extremely expensive. Until they can cut their sales costs, he is not interested.

2005-07-18

DON'T BUY

32.900

David Burrows

The risk is that there are some political winds blowing, talking about some of the problems that gamers are creating for some of the people that patronize their establishment.

2005-07-13

DON'T BUY

36.250

David Chapman

Has broken the series of lows, so wouldn't touch it. Could drop into the $30 region.

2005-07-04

TOP PICK

38.410

Ranks well in his database model. Earnings estimates have gone up by 16% in the last 90 days. Year-over-year sales have gone up 14%. 22% ROE forcast on $1.43. Earnings going from a forcast of $1.20 in '04 to $1.43. Looking at $1.77 in '06, a 24% lift in '04, a 19% lift in '05. Feels it can go through resistance of $41.

2005-04-14

BUY

29.780

The poker side of gambling has advanced dramatically. Optimistic that both this and Chartwell Technology will continue to rank high in his model and continue to produce good profits.

2005-02-11

BUY

25.430

A well capitalized company. Looking for exceptional growth rates in this business. Very strong balance sheet and a good strong cash position. Growth in the company has been exceptionally strong.

2004-12-17

BUY

27.250

Ranks in the top 15% of the data base. Year over year sales are up 25% and earnings up 17%. Keen on the internet gaming side in the software. Owns Chartwell instead which offers a better bang for a buck.

2004-12-09

STRONG BUY

19.500

Has a fairly large cash component and one of the few tech companies that report a dividend. Has a strong earnings picture.

2004-10-19

DON'T BUY

19.270

Werner Muehelemann

Has about $6 per share in cash and this could be used for acquisitions. Considers gambling on the Internet is a high risk venture. Multiple is too high.

2004-09-07

STRONG BUY

19.460

Has over $8 a share in cash. Earnings potential has been very strong and exceeded expectations in the last two quarters. 3rd quarter will be a weak one. Have been adding on some large clients.

2004-08-03

HOLD

21.500

Technically it is not that good right now. Have a great balance sheet. They now pay a dividend and have over 60 million in cash. Earnings are solid. Will probably consolidate a little bit.

2004-07-08

BUY

22.400

In the top 15% of their database. Year-over-year earnings growth is up 56% on an increase of sales of 40%. Continuing to diversify away from the US.

2004-06-02

HOLD

23.850

Andrew McCreath

Has had a great run over the last year. The valuation looks relatively inexpensive, but is not as cheap as it might appear. The big fear is that a Las Vegas outfit might deliver a big mousetrap.

2004-04-20

PAST TOP PICK

24.490

(A past top pick Mar 2/04. No change.) Still buying. Shifted most of their revenue from the US to Europe where Internet gambling is legal. Pretty cheap. 60 million in cash.

2004-04-08

BUY

20.650

Feels the earning power is there. A very strong balance sheet. Likes their strategy of focusing on their big customers.

2004-03-25

TOP PICK

22.700

Balance sheet is impeccable. Sitting on about $60 million (US). The growth rate is accelerating. They shifted away from the US because of the concerns over legislation on Internet gambling, but widely accepted overseas.

2004-03-02

STRONG BUY

13.050

Got an extension of their Littlewood contract. Have also declared a dividend. Very large cash position. Very cheap stock. Volatile because of fears of legislation.

2003-09-22

BUY

14.140

Have recently announced a dividend. Ranks in the top 5% of their database. Last quarter had an 11% earnings surprise. Year-over-year growth is up 45%. A very good ROE. Speculative.

2003-09-16

TOP PICK

9.000

Close to its cash value. Most of their business is coming from Europe now, so US gambling legislation won't be a problem. Has a lot of cash.

2003-05-06

WAIT

6.840

Numbers will be out shortly. Have a lot of cash. US legislatures on gambling could be a problem, but they are now expanding into Europe.

2003-02-07

BUY

7.850

Very cheap. Huge cash position but US laws could hurt.

2002-12-18

DON'T BUY

7.700

They have a chaleenge in the loss of use of credit cards because of regulatory concerns.

2002-08-23

DON'T BUY

9.180

Fred Ketchen

Its a gamble.

2002-07-30

PAST TOP PICK

11.700

(Was a top pick on Feb 19. Down 25%) Still likes. A lot of cash and no debt. Looking into other forms of transactions.

2002-07-10

BUY

11.620

Revenues are down, but has a good cash position.

2002-06-26

DON'T BUY

17.950

Richard Stone

Not comfortable with the revenues and earnings going forward.

2002-05-30

DON'T BUY

18.100

Brendan Kyne

Doesn't like the reliability of the business model. Could be affected by regulatory changes.

2002-05-29

DON'T BUY

19.750

Brendan Kyne

Not a fan. Regulations could change it.

2002-05-10

BUY

22.620

At a low. Doesn't believe their legal problems are serious.

2002-03-14

BUY

19.130

Great story, but a lot of risk. Ata good price.

2002-03-01

WEAK BUY

18.070

Fred Ketchen

Has risks. Have been profitable.

2002-02-26

DON'T BUY

18.110

Too many rumours and possible problems.

2002-02-25

WEAK BUY

18.900

Has had reasonable earnings, but expect them to slow. Reasonably prices. Speculative.

2002-02-20

STRONG BUY

17.800

Revenue is slower than expected. Good cash position. Has dropped because of legislation/visa concerns, but at a very good price now.

2002-02-08

DON'T BUY

18.640

Mark Jackson, CFA

Looks relatively cheap, but not sure of future competition or legislature issues.

2002-02-05

BUY

19.750

Strong balance sheet. Some concerns on credit cards. Good valuations. Volatile.

2002-02-01

DON'T BUY

22.890

Some political concerns. VISA not always accepted. Volatile.

2002-01-25

DON'T BUY

20.810

Mike Weir

Over the short term, there will be a number of areas to be solved re: on line gambling and its legal aspects.

2002-01-23

DON'T BUY

23.600

Gordon Higgins, CA, MBA, CFA

Some risky areas in on-line gambling at this time. Should be good eventually, but in the meantime be caustious.

2002-01-17

DON'T BUY

26.750

Michael Smedley

Seems to have a number of problems.

2002-01-10

WEAK BUY

27.050

Has cash flow and is profitable.

2002-01-07

PAST TOP PICK

27.700

(Was a top pick on Sept 19 up 9%) Still likes. Doing a buy-back by Jan 11. Also a lot of shorting of the stock. If the buy-back is successful, the stock should take off.

2001-12-21

DON'T BUY

35.730

Could have some legal issues. The short traders are working on it.

2001-12-06

PAST TOP PICK

27.900

(Was a top pick on Feb 19 up 64%)

2001-11-22

BUY

26.000

Very cheap stock. Some risks.

2001-11-09

BUY on WEAKNESS

26.145

Bruce Campbell

Could have problems because of US legislation. Would prefer to buy lower.

2001-11-07

BUY

21.490

Long term outlook is good. Could run into legislation problems. Could be a big payoff.

2001-10-31

WAIT

23.030

Could have a problem with legislation. Speculative.

2001-10-26

DON'T BUY

22.250

David Baskin

Big regulatory risk. US could ban.

2001-10-24

TOP PICK

26.080

Very cheap. Earnings outlook is strong. Has a strong cash position.

2001-10-17

DON'T BUY

18.700

Mark Jackson, CFA

Low PE and high cash balance, but US legislation could upset. Also not sure of their competitive advantage.

2001-10-09

DON'T BUY

18.160

David Burrows

Interested, but stock has not acted well technically.

2001-10-05

DON'T BUY

18.160

Fred Ketchen

USA antiterrorism bill has an amendment that would restrict gambling on line

2001-10-05

PAST TOP PICK

21.000

(Was a top pick on May 3 down 18%) Facing challenges. Speculative.

2001-10-04

DON'T BUY

20.400

David Baskin

No proven track record on making profits. Speculative.

2001-10-01

TOP PICK

27.490

Has big growth in UK and Asia, but not in USA yet. Good business model. Cash. Should grow 20/30%.

2001-09-24

TOP PICK

26.140

(Was a top pick on Mar 15 up 50%) Strong earnings outlook. Strong but at this price. Good cash.

2001-09-19

BUY

38.350

Mark Jackson, CFA

The whole gaming space is interesting. This is a company that provides software into that sector. Drop in stock price puts it on his radar and he is interested in it.

2001-08-27

BUY

38.000