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GMR Gaming Realms Plc

36.00
2.00 (5.88%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gaming Realms Plc LSE:GMR London Ordinary Share GB00BBHXD542 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  2.00 5.88% 36.00 5,412,333 16:29:57
Bid Price Offer Price High Price Low Price Open Price
35.80 36.40 36.50 34.20 34.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 18.76M 3.61M 0.0123 29.27 105.72M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:43 O 1,500,000 34.75 GBX

Gaming Realms (GMR) Latest News

Gaming Realms (GMR) Discussions and Chat

Gaming Realms Forums and Chat

Date Time Title Posts
25/4/202421:10GMR - The Ultimate Gamble!2,578
18/12/202015:09Gaming Realms, seriously undervalued12
09/11/202009:54GAMING REALMS 202080

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Gaming Realms (GMR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:15:0134.751,500,000521,250.00O
15:35:4336.0050,00018,000.00O
15:35:2736.00100,65736,236.52UT
15:27:2936.105,5071,988.03O
15:18:3335.935,5782,004.09O

Gaming Realms (GMR) Top Chat Posts

Top Posts
Posted at 25/4/2024 18:40 by epicsurf
It didn't but shares a lot of the same principles for a GARP stock
An undemanding valuation
Turning to the rating, Gaming Realms looks relatively attractive. The PEG ratio – the price/earnings ratio divided by EPS growth – is the key metric on the GARP screen, and we use two variations on this. First is a two-year forward PEG ratio. Second is a blended PEG, which considers past and future earnings growth. Gaming Realms has a forward and blended PEG ratio of just 0.4 times.
Thank you shareideas1,
Headline from share magazine
Buy underappreciated Gaming Realms before the market recognises its true worth
Licensing revenue grew 20% year over year in the first two months of 2024
It's been quite noticeable recently that GMR is getting
More coverage from a variety of publications and online podcasts
Posted at 19/4/2024 11:00 by nobull
Doc Martens, many thanks for that info on the director stakes. I will report back when I have researched what average price the directors paid for their stakes - it will take me months to understand remuneration reports, share option incentive schemes, etc. and some of the information may not even be publicly available for all I know - especially founder member stakes obtained pre-IPO, I wonder. Yes it is easy to read RNSs on director stake purchases, but a thorough understanding of just how incentivised they are requires quite a bit of work. Yes, I knew about Mark Blandford's purchases at around 35p, a contributory reason to my purchase.

High operational gearing (a synonym for the "build once, sell many times" business model, perhaps because of the high proportion of fixed costs arising from the annual amortisation charge), high forward PE (about 20 at the time of my purchase, which was before the latest results) and the speculative risk rating are all good reasons to expect share price volatility (no excuse to grumble about it - goes with the territory) even if the general share price trend turns out to be broadly sideways for the next few months or even year, perhaps until the 2027 forecasts come out. AIMO. DYOR.

Thank you, Epicsurf. All your posts are informative. It is a very interesting business, albeit a new departure for me from the sort of businesses I normally invest in. It will be a great learning experience, and if I am lucky, a profitable one. We will see.
Posted at 11/4/2024 19:13 by smalljobs
I agree with you Garmin1, but some things are very strange. After getting the results, which are very good, more than 12 million shares have been sold and the price dropped from 35+ to 29. Now we have someone playing funny games. After we had big lots sold for 31p, somebody is selling/buying many lots of 5 shares, 1 share, etc, for 29, disturbing the market price overall. You will excuse my lack of knowledge, but this is strange. Realistically looking, the company can’t produce better results than they have, and the shares are not going to go over 40. So management has 3 choices, to sell the company, to merge, or to buy another company. Otherwise, we are going to be snapped up by someone for barely over 40p. Not many shareholders are going to complain if they can walk out with over 40p per share. People are tired of this company, there’s simply no appetite.
Posted at 09/4/2024 22:31 by pj84
Revenue grew 26%, PBT grew 47% and cash increased from £2.9m to £7.5m. So the profit is generating real cash, always a positive for me.

There is nothing to suggest the growth won't continue and for a growing business that is profitable and generating cash a PE of 16 doesn't appear to be demanding.

They are aware the cash is growing and said they will consider all options including investing in the business, share buybacks and dividends but haven't made any decisions. I expect them to try and find profitable opportunities to deploy the cash rather than return it to shareholders.

It takes differing views to make a market and whilst the share price reaction has been negative I am more than happy to continue to hold.
Posted at 03/4/2024 19:40 by epicsurf
Disappointing share price reaction to Full year results considering they were already known from year end trading update.content licensing for first 2 months up 20% up on last year, a runway for 2024 In the second half of 2023 the Group was granted supplier licenses in both West Virginia, USA and Greece. Along with other planned new markets for the business such as Switzerland and South Africa, the Group is well placed to take advantage of further growth opportunities in 2024
I suspect Brazil will be on the cards as well
Happy with cash pile ,absolute disaster at the moment if you have to raise money.4theplayer would make a good bolt on acquisition and a differential.

Peel Hunt has reiterated its ‘buy’ recommendation for Gaming Realms, as it forecasts the company’s already healthy cash pile to grow during the financial year 2024.

Peel Hunt analyst Ivor Jones said: “We expect the market to catch up with how undervalued we believe the shares are and reiterate our Buy recommendation and 60p target price.
Posted at 02/4/2024 13:58 by pandaball
Haven’t seen Peel Hunt today - just Canaccord.

Bottom line from them:
“GMR trades on a CY24E/25E EV/EBITDA multiple of 7.0x/5.4x, which feels too low given the forecast growth and increasing North American exposure (43% of content licencing revenues / 35% of Group). We believe that Gaming Realms has a number of attractive attributes. These include: 1) significant growth potential; 2) exposure to regulated markets; 3) proprietary and differentiated content and a leading distribution platform; 4) a highly scalable and profitable capital-light licensing model; 5) an experienced senior leadership team and Board; and 6) strong profit margins with scope for further growth. We retain our BUY rating and 50p TP (c.10x CY24E EV/EBITDA).”

Garmin, I agree that they should be pushing for new growth and that the cash gives them the opportunity to do that - but I also agree with the above from canaccord that the current price doesn’t reflect CURRENT growth potential. Adding on the opportunity you are talking about, this stock has plenty to justify a step up in pricing.
Posted at 02/4/2024 13:37 by garmin1
WJCCGHCC

You’re correct that GMR will be entering West Virginia later this year. I meant that there are no new states authorising online gambling this year. Maryland was the only real hope but that’s now highly unlikely.

I don’t think the market is going to accept GMR patiently waiting years for further state legislation. The company needs to show real growth ambitions in the more immediate term. It has plenty cash, let’s see it being reinvested in the business.
Posted at 07/3/2024 18:08 by epicsurf
Article from investors chronicle today
Rest is hidden behind paywall

Gaming Realms (GMR) shot up to near the top of our latest growth at a reasonable price (GARP) screen, passing all of our tests. Last time around it came in near the bottom of the rankings, having failed our earnings per share (EPS) downgrade and share price (and/or) earnings momentum tests. This makes it a good time to take a fresh look at the developer and licensor of mobile-focused gaming content, which broker Investec argues "is a rare gem in the B2B [business-to-business] gambling space
Posted at 10/1/2024 09:26 by pj84
"Gaming Realms can ‘supercharge’ growth, says Peel Hunt

Mobile and social gaming developer Gaming Realms (GMR) is supercharging its growth, but this is not fully reflected in the share price, says Peel Hunt.

Analyst Ivor Jones reiterated his ‘buy’ recommendation and target price of 60p on the stock, which has advanced 43% in the past year.

Nevertheless, the analyst said the share price offered ‘overlooked global growth’ with ‘more games with more licensees in more territories’ which resulted in 36% revenue growth in the first half of 2023.

The business operates on a ‘build it once, sell it many times’ strategy that means it has a ‘high degree of operating leverage and no debt’ with £4.5m in cash as of June.

‘Gaming Realms benefits from the revenue growth of its licensees; in North America, in particular, which is well on the way to accounting for more than half of revenue,’ said Jones.

‘However, it supercharges its growth by adding more games, licences, and territories.’"
Posted at 24/5/2022 17:28 by stingersplash
ISoftbet selling for 160M on annual profit of 8M. 20x multiple.

GMR market cap 80M on annual profit of 1M. 80x multiple.

GMR share price seems inflated.
Gaming Realms share price data is direct from the London Stock Exchange

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