Shares digital

Shares in mobile gaming provider Probability (PBTY:AIM) reached a 12-month high after reporting a 38% rise in third quarter revenue to £930,198.

The company was trading at 65.5p intraday last Friday. The share price has risen 64% since late December but is still some way off the 82p high seen in August 2006 following the group’s flotation on Aim.

Probability registered 47,373 new customers in the trading period, acquiring 45% more users than in the previous quarter.

Several new game launches are planned including an alternative to horse racing where punters bet on camels.

Chief executive Charles Cohen is hopeful of a decision by technology giant Apple this quarter as to whether it will allow third party applications on the new iPhone. Probability claims to have developed the first ‘real cash’ gambling game for the handset.

Shares says: The company is building itself up to be taken over but it is still too junior to attract a decent bid premium.

by: Dan Coatsworth