New Star Analyst Rankings For GCA Holdings
http://finance.yahoo.com/q/sa?s=gca

Sterne Agee Note

Following posted on Yahoo board by drjackcar:

2Q12 solid; Guidance affirmed; NT catalysts ahead; Adj estimates slightly lower, but raising target; Maintain Buy
Our Call
2Q12 results and guidance affirmation should diminish recent investor concerns for stagnant North American gross gaming revenue. Positioning with respect to i-poker includes near-term partnerships with operators. QuickTicket is an underappreciated lever with a beta go-live this year. GCA’s multiple should increase, in our view.


Cash EPS of $0.23 exceeded Sterne/consensus by $0.01/$0.03. Results reflected a favorable transaction mix (growth in PIN debit transactions). GCA reaffirmed CY12 cash EPS guide of between $0.76 and $0.82 and opined that new openings offset potentially moderating same-store sale growth. GCA sees softness in 4Q12 Western Money Kiosk sales, though it guided to +30% in CY12 sales versus previous calls for between 25% and 30% CY12 growth. Capital allocation was not discussed. However, we believe the Company’s debt has been paid to levels where share repurchases could be a near-term event.

i-Poker. Nevada will begin to license casino operators in the relative near-term, a catalyst for GCA. Subsequent regulatory stages include technical standards, still being designed. GCA will enter the technical review process partnered with certain casino operators looking to be deeply integrated (synergies between land-based and virtual accounts), but will still partner with others post review. Last night, GCA announced an alliance with Live Gamer, gaining key technology for its i-poker processing platform and technology relevant for customers’ social gaming initiatives (vertical integration). We believe the i-poker processing market is a $100m+ EBITDA opportunity with GCA having a significant first mover advantage given both licensing and casino brick and mortar relationships.

QuickTicket. Another near-term catalyst is the roll-out of QuickTicket, a significant margin enhancer for GCA and one of the few potentially disruptive technologies to hit casino floors in recent years. Management affirmed its beta trial roll-out this year. To date, GCA has received gaming regulatory approvals for the product, most federal blessings, and is forging ahead with final discussions with card associations which need to approve the new transaction type and work with issuing banks.

We lower our CY12/CY13 cash EPS to $0.82/$0.92 from $0.86/$0.93, reflecting higher corporate/operating expenses and more moderate out-year Western Money kiosk sales. Shares currently trade at 7.1x CY13 cash EPS. Given GCA’s unique technology demanding of its 80% casino cash access share, free cash flow metrics, deleveraging, upcoming share repurchases (in our view) and near-term tech roll-out catalysts, we believe a 14x multiple, or $13 per share target is reasonable.

Global Cash Access beats by $0.03
misses on revs; reaffirms FY12 EPS guidance

4:08 PM ET 8/7/12 | Briefing.com
Reports Q2 (Jun) earnings of $0.23 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.20; revenues rose 9.2% year/year to $147.5 mln vs the $151.96 mln consensus. Co reaffirms guidance for FY12, sees EPS of $0.76-0.82 vs. $0.80 Capital IQ Consensus Estimate.

More of the same:
15:20:48 0.002 3400
13:51:12 0.0066 10000
10:09:07 0.0066 500

Ok, pps dropped again on a 300 share trade. Stop The Insanity!!! LOL
GLTA!!!

Well, I guess they let the pps sit there over the July 4th weekend, but now have resumed their game playing by dropping it on a few shares. GLTA!!!

Well, MMs still manipulating the h@ll out of FBCE. I continue to hold and hope for that big payoff. I'm pretty sure that they will drop the pps down by day's end. That has been their pattern. Thanks for stopping by. GLTA!!!

*** IMPORTANT UPDATE *** GCA has been added to the Russell Microcap list as of June 22,2012. It can be scene on page #7, right hand column.

http://www.russell.com/indexes/documents/Membership/RussellMicrocap_Membership_list.pdf

7-Jun-2012
Entry into a Material Definitive Agreement, Financial Statement

Item 1.01. Entry into a Material Definitive Agreement.
On June 4, 2012, Global Cash Access, Inc. ("GCA"), a wholly-owned subsidiary of Global Cash Access Holdings, Inc., entered into an amendment to the Contract Cash Solutions Agreement, dated as of November 12, 2010, with Wells Fargo Bank, N.A ("Wells Fargo"). The amendment increases the amount of funds that GCA may utilize from $400 million to $500 million to supply the currency needed for many of the automated teller machines ("ATMs") operated by GCA. GCA also may request up to an additional $50 million in excess of the $500 million limit, not more than four times in any calendar year, for particular days during which GCA's cash operating needs are greater than typical, such as New Year's Eve; provided that Wells Fargo's obligation to fulfill such request is on a best efforts basis. The amendment also extends the initial term of the agreement through November 30, 2014. The foregoing description is qualified in its entirety to the terms and conditions of the amendment, a copy of which is attached as Exhibit 10.1 hereto.

Change in Directors or Principal Officers, Financial Statements

David Lopez, age 38, will be appointed to the position of President of Global Cash Access Holdings, Inc. (the "Company"), effective as of June 11, 2012. Mr. Lopez's term of office in this office shall be until his resignation, his removal or the appointment of his successor. Scott Betts will continue to serve as the Chief Executive Officer of the Company.

On June 5, 2012, the Company issued a press release announcing the appointment of Mr. Lopez, a copy of which is attached hereto as Exhibit 99.1.

Mr. Lopez served as the Chief Operating Officer of Shuffle Master Inc., a leading global gaming supplier, from June 2010 until May 2012. Mr. Lopez also served as a member of the Board of Directors of Shuffle Master Inc. from November 2010 until May 2012. Mr. Lopez joined Shuffle Master Inc. in February 1998 as a Marketing Research Analyst and during his tenure at Shuffle Master Inc. assumed increasing roles of responsibility, including being appointed Executive Vice President in November 2008 and serving as the Interim Chief Executive Officer from November 2010 until April 2011. Prior to his appointment as Executive Vice President, Mr. Lopez served as President, Shuffle Master Americas Division from 2007 to 2008; President Utility Division from 2006 to 2007; Vice President of Product Management from 2003 to 2006; and Executive Director, Product Management from 2002 to 2003.

In connection with his appointment to office, Mr. Lopez and the Company entered into an Employment Agreement, effective as of June 11, 2012. Pursuant to the Employment Agreement, Mr. Lopez is entitled to receive an annual base salary of $500,000 and is eligible for an annual bonus in an amount of up to 75% of his then current base salary depending upon the achievement of certain performance criteria and goals. The target amount of the discretionary bonus, assuming the achievement of performance criteria and goals, is 50% of his then current base salary. In the event of the termination of Mr. Lopez's employment in certain circumstances, he is entitled to twelve months salary continuation and, in certain circumstances, a bonus in an amount of up to 50% of his then current base salary. In the Employment Agreement, Mr. Lopez agrees not to engage in certain competitive activities for a period of two years following the termination of his employment with the Company.

Same BS just a different day! GLTA!!!

GCA UpGraded.....

NEW YORK (TheStreet) -- Global Cash Access Holdings (NYSE:GCA) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:
¦The revenue growth came in higher than the industry average of 2.5%. Since the same quarter one year prior, revenues rose by 12.4%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
¦The debt-to-equity ratio is somewhat low, currently at 0.84, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels.
¦The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the IT Services industry. The net income increased by 309.2% when compared to the same quarter one year prior, rising from $1.74 million to $7.13 million.
¦Net operating cash flow has significantly increased by 996.56% to $18.28 million when compared to the same quarter last year. In addition, GLOBAL CASH ACCESS HOLDINGS has also vastly surpassed the industry average cash flow growth rate of 11.43%.
¦Powered by its strong earnings growth of 266.66% and other important driving factors, this stock has surged by 131.34% over the past year, outperforming the rise in the S&P 500 Index during the same period. We feel that the stock's sharp appreciation over the last year has driven it to a price level which is now somewhat expensive compared to the rest of its industry. The other strengths this company shows, however, justify the higher price levels.
.
Global Cash Access Holdings, Inc., through its subsidiaries, provides cash access and data intelligence services and solutions to the gaming industry in the United States and internationally. The company has a P/E ratio of 15.3, below the average financial services industry P/E ratio of 31.8 and below the S&P 500 P/E ratio of 17.7. Global Cash Access has a market cap of $471.5 million and is part of the financial sector and financial services industry. Shares are up 65.8% year to date as of the close of trading on Tuesday.
You can view the full Global Cash Access Ratings Report or get investment ideas from our investment research center.

-- Written by a member of TheStreet RatingsStaff

WAKE UP!!! Frustration is setting in. LOL GLTA!!!

Nice rebound in a rather choppy market. GLTA!!!

Another 100 share trade at .0026! How can the MMs justify that trades like this make a market??? Pure manipulation. GLTA!!!

Posted by drjackcar on YAHOO GCA message board:

Solid Quarter; Guidance remains conservative; NT catalysts remain; Maintain Buy
Our Call

1Q12 was solid, and would have exceeded Street estimates by a larger margin had projected Western Money kiosk sales been level throughout the year, in our view. We believe GCA’s guidance positions it for a potential “beat and raise.” Other equity multiple catalysts are also NT – namely, casino online poker license awards from NV and the beta installation of QuickTickets, which we expect in ~3Q12.

GCA posted cash EPS results of $0.21, $0.01 better than consensus and $0.01 short of our expectation. All revenue divisions exceeded our projections except Central Credit and Other, which include Western Money kiosk sales, one of GCA’s only non-recurring revenue drivers. We believe full-year anticipated kiosk sales (Company projects kiosk sales to be +25% - 30% YoY in CY12) smoothed over GCA’s entire CY12 rather than loaded in remaining quarters would have resulted in an additional ~$3.6m revenue and between ~$0.02 and ~$0.03 in cash EPS. Further, MCA revenue ($50m per year) is more weighted in 2Q/3Q given its leverage to Atlantic City/seasonality - though MCA’s margin/Cash EPS impact is below kiosk sale revenue (kiosk margins ~50%). Again, even without adjusting for/contemplating the above, we believe 1Q12 results were solid.

GCA’s reiterated CY12 guidance of adj EBITDA between $73m and $77m (does not include stock comp) and cash EPS between $0.76 and $0.82. Our CY12 cash EPS estimate goes to $0.86 from $0.87. Our CY12 cash EPS is $0.03 above management’s top-end of guidance, which we have trouble backing into even under relatively conservative scenarios.

GCA’s after hour share price decline highlights the opportunity with shares, in our view. We continue to believe GCA remains overlooked and not yet broadly understood. In our view, GCA is a unique tech supplier to the casino industry. It benefits from the same recovery metrics that regional casino and slot suppliers do, as well as expansion opportunities.

GCA currently trades for 9.1x/8.4x CY12/CY13 cash EPS. Our casino supplier coverage universe (sans GCA) trades at 16.4x/12.9x. Our PT remains $12.20 based on ~14.2x CY12 cash EPS. We believe our target multiple is conservative given it represents a level below where other casino suppliers currently trade.

With NT catalysts (unique tech roll-outs, potential online poker processing agreements – we continue to believe certain NV casino operators will be awarded online poker licenses in 30 – 60 days); 2Q12 trends to date resulting in another potential consensus beat; a CY12 FCF yield of north of ~10%; and deleveraging story, we see GCA’s multiple expanding from current levels.

A 100 share trade at .0026! What the MMs are allowed to get away with in Pinkyland is always amazing. GLTA!!!

NEWS: GCA Expands Relationship with San Manuel Indian Bingo & Casino
http://money.msn.com/business-news/article.aspx?feed=BW&date=20120430&id=15047892

With the rather low float here, when the anticipated online gaming news breaks, it should result in a significant increase in the pps. Holding for the double digits. GLTA!!!

Sterne Agee Raising Estimates & PT

Posted on Yahoo message board by drjackcar. Price: $8.28
Price Target: $12.20
Analysts: David Bain
GCA – Raising Estimates, Target Price
We are raising our GCA estimates and PT.


1Q12 same-store commercial casino revenue is up over 6% YoY when making assumptions for the few remaining jurisdictions that have not reported March (NV, SD) or 1Q12 quarterly (New Mexico) commercial gaming revenue. The same store sale number, along with GCA’s MCA acquisition (~$50m a year), and the first full quarter of Aqueduct attribution, a top 15 customer for GCA, causes us to move our 1Q12 estimates higher.

Our 1Q12 cash EPS goes to $0.22 from $0.20.Our CY12/CY13 cash EPS goes to $0.87/$0.93 from $0.82/$0.90. GCA sells for ~9.5/8.9x CY12/CY13 cash EPS. We raise our target price to $12.20 from $11.50, based on 14x our new CY12 EPS.Of note, we continue to believe our target price equity multiple is conservative as it is more in-line where other casino tech supplier companies currently trade, not where their equity multiple targets reside.

More BS trades to push the pps down! Manipulation continues. GLTA!!!

GCA remains strong. Even during the last few tough market days, it wanted to go up. HOLD LONG and be rewarded. GLTA!!!

Yes, made money with this issue during the run on fiber optic companies. Was holding some shares when the company went under. Have added over the years at the subpenny levels on the belief that it would eventually be a good RM candidate. Since my reserach indicates that all bankrupcy issues (which took years) have been resolved, it could happen at any time. GLTA!!!

Looks like our little play still has legs. Holding Long. GLTA!!!

Hey, nice to hear from you. Didn't know anyone else was around! LOL Thanks for dropping a line. GLTA!!!

Two nice sized buys at the ask! GLTA!!!

The run contiunes! Looking strong. Glad I held on for the ride. GLTA!!!

STERNE AGEE REITERATES BUY ON SHARES OF GLOBAL CASH ACCESS (GCA), HAS $11 TGT:S&P Marketscope

SNPMarketScopeViewsNews2012-03-28 13:01:34.000GCAGLOBAL CASH ACCESS HOLDINGS, INC.STACY TROMBINOSTERNE AGEE REITERATES BUY ON SHARES OF GLOBAL CASH ACCESS (GCA), HAS $11 TGTAnalyst David Bain tells salesforce GCA has been approved by the Nevada Gaming Control Board (NGCB) as the first/only "cash access service provider." Says his contacts suggest NGCB approvals for casino operators will begin in 6/12, at latest. Expects GCA to partner with ~80% of casino operators by NGCB, the same share it currently garners within domestic brick and mortar casinos. Believes shares will rise ~15% to 20% the next 60-days as investors recognize the NT likelihood of it partnering with large casino operators to process online poker transactions. S.Trombino|US;GCA|95737|US|3265096

Article mentions GCA! Link provided by billbillups on Yahoo GCA message board:
http://www.cardplayer.com/poker-news/13014-nevada-gaming-hits-milestone-toward-online-poker



Online gaming also had relevance when regulators were discussing granting the state’s first-ever service provider license to Global Cash Access, Inc. In addition to its brick-and-mortar plans, company chairman Edwin Kilburn said they are “watching [online gaming] very closely.”

Casino giant MGM Resorts also has already applied to operate web poker.
Service providers will assist a Nevada casino — which is the only entity allowed to actually operate online gaming — in the business of taking wagers.

According to its website, Global Cash Access processed more than 90 million transactions and dispensed more than $18.9 billion in cash in 2010. It provides products and services to more than 1,100 gaming establishments worldwide.

FYI...Significant news posted by drjackcar on Yahoo GCA message board:

Potential for near-term online poker processing partnerships; Reiterate Buy; Raising Target Price

Last week, GCA became the first/only Nevada licensed cash access and wagering instrument service provider. The license positions GCA to be the leading processor of online wagering transactions for casino operators seeking Nevada Gaming Control Board (NGCB) approval to conduct real-money online poker games. In essence, we believe GCA has the opportunity to become the Paypal of the Nevada hub for online poker.

Per our discussions with the Chairman of the NGCB, Mark Lipparelli, we expect the NGCB to begin to approve select operators to conduct real-money online poker games within Nevada and between Nevada and other approved jurisdictions (i.e. the United Kingdom) by June of this year.
In addition to a first mover advantage in wake of near-term operator approvals, GCA, which possesses 80% share in North American casino cash access and licenses in every major gaming jurisdiction, could act as a unique bridge between brick-and-mortar casinos and their online poker audience. For instance, as a cash access provider to a physical location, an online patron could move wagering dollars from her online account to the brick-and-mortar casino location for poker tournament play.

Assuming less than 10% of U.S. brick-and-mortar gaming revenue if ultimately approved on a federal level , and GCA's current 80% domestic brick-and-mortar casino share translates to online poker, we believe remuneration to GCA could yield ~$30m in per annum EBITDA which equates to over ~35% of our forecasted CY12 EBITDA for GCA. Of note, this impact estimate does not include international penetration (Nevada online poker players playing against others in approved international jurisdictions), which should yield a more immediate impact to GCA prior to any potential federal legislation in the U.S., which we view as a more probable event in CY13 than in CY12, or critical mass garnered by a state-by-state legislative process. GCA currently trades at ~8.5x CY12 cash EPS. We believe GCA's position for online casino wagering creates optionality in shares demanding of a higher equity multiple. Our new $11.50 price target from $8.20 is based on 14x our CY12 forecast cash EPS of $0.82. [color=red][/color]

Moving up strong on increasing volume! Could see $10.00 pps in the not too distant future. GLTA!!!

Strong move up with some volume today. GLTA!!!

Strong early day move. Makes one wonder if something else is driving this pps strong positive trend in addition to the good report and increased projections GLTA!!!

Positive trend appears to be continuing likely the result of recent increases in pps projections. Holding Long. GLTA!!!

Too quiet around here. Will FBCE EVER wake-up??? GLTA!!!

GCA BEATS ESTIMATES...Congrats to those who held. GLTA!!!

MMs are killing the pps. Transactions are being executed BELOW the existing bid. Frustrating to watch them get away with this illegal activity daily!

Holding on to gains well. GLTA!

The run continues. GCA has been on a tear since early Oct. 2011. Last week saw a 3.5% increase just on Friday! GLTA!!!

Need volume badly! Still nice to see FBCE close green for the week. GLTA!!!