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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| 32Red | LSE:TTR | London | Ordinary Share | GI000A0F56M0 | ORD 0.2P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 194.875 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 190.00 | 199.75 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 194.875 | GBX |
32red (TTR) Share Charts1 Year 32red Chart |
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1 Month 32red Chart |
Intraday 32red Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/6/2017 | 20:54 | 32 Red | 1,659 |
| 28/8/2016 | 10:30 | *** 32 Red *** | 5 |
| 22/7/2006 | 12:49 | Thirty two red | 8 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 06/6/2017 17:44 by zodaz42 At last some positive news!LONDON (Alliance News) - 32Red PLC shares will be cancelled from trading on AIM next month, after the recommended cash offer for the online gambling firm from Kindred Group PLC became unconditional in all respects as of Tuesday. Red32 agreed to a GBP175.6 million takeover offer from Kindred at 196 pence a share in February. 32Red shares were down 0.3% on Tuesday at 196.0p per share. Shares are due to be cancelled from trading on July 7. "The board of Kindred is pleased to confirm that all of the conditions to the offer have now been satisfied or waived, and the offer is now declared unconditional in all respects," said Kindred Group. Acceptances representing 97.6% of the company's issued share capital have been received to date, and the offer will remain open to remaining shareholders until further notice. Settlement is due on June 19 to those who have accepted the offer before June 5, with any acceptances submitted thereafter receiving settlement 14 days later. "32Red shareholders who have not yet accepted the offer are urged to do so as soon as possible," said Kindred. 32Red released its own statement that said: "The delisting will significantly reduce the liquidity and marketability of any 32Red shares not acquired by Kindred and the board therefore recommends those 32Red shareholders who have not already accepted the offer to accept the offer as soon as possible." By Joshua Warner; joshuawarner@allianc Copyright 2017 Alliance News Limited. All Rights Reserved. |
Posted at 12/5/2017 18:44 by shaker44 I guess ttr also were unaware reg clearance would take so long. Just have to hope it goes through and soon. Complaining won't get you anywhere surely? |
Posted at 12/5/2017 11:58 by davr0s I accepted the offer under the clear guidance that money would be received within 2weeks - that was 2months ago so less than impressed. I queried my broker HL and they said that the 2week timescale came from TTR. What were others told as I am inclined to put a complaint in as feel I've been mislead - but not sure who to complain to. I wouldn't have accepted the offer had I known it would take 2+ months but would have just sold |
Posted at 10/2/2017 10:34 by paleje ST conclusion:-"The point being is that I expect 32Red to come out relatively unscathed from the Triennial review, and the risk premium embedded in the share price to unwind, thus offering scope for a return to the March 2016 all-time high of 186p. Buy." |
Posted at 01/2/2017 11:53 by fizzypop WheelieDealer @wheeliedealeTTR ex-Cash Earnings Yield about 12% (inverse P/E) - very Cash Generative so must be high chance of Special Divvy. 0 replies . 0 retweets 0 likes WheelieDealer @wheeliedeale PEG Ratio on TTR is daft - strip out Cash fwd P/E about 8 and 21% growth - that's PEG 0.4 !!! 1.0 usually seen as cheap (lower is better). |
Posted at 21/12/2016 10:12 by nurdin The share price is going nowhere fast despite the companys low rating,stunning growth forecasts and good newsflow .I suspect its because the whole gambling sector is under the cosh right now what with new legislations on the horizon and worries about the likely increase in taxation.I have a small holding and I am sitting tight for now.But toying with the idea of adding on a view that the fears could be overdone? |
Posted at 08/11/2016 16:20 by paleje Mail Money did an article on LCL a few days ago, pretty positive.3i covered LCL also on 04 Nov saying potential 65% upside, acknowledged risks: ST covered 32Red specifically in Sept and listed the risks as he saw them and, with the share price then at 140, rated them a strong buy. The risk part (which was before the recent announcements directed at the gaming industry) is below. I still hold and at a low average so have enjoyed divis, but not adding just yet even though I believe in the management quality, next update Jan I think:- (ST) Risk assessment Of course, no investment is not without risk and there are a few to consider in the gaming sector, the most obvious is regulatory risk. For instance, licence conditions and tax rates could change in 32Red’s markets. For example, HMRC is currently consulting on the precise way that Point of Consumption Tax (POCT) will be extended to free play from August 2017, which is likely to change game play and impact margins. Edison have factored in a 2-3 point increase in the effective POCT rate in their forecasts. In addition, earlier this year HMRC issued an informal working paper on VAT becoming chargeable on advertising services bought in the UK by Gibraltar based companies like 32Red, but at this stage it is impossible to know how it would work or quantify the financial impact of it either. 32Red also derives about a quarter of its revenues from countries that are unregulated. Some of these countries, including Holland, are in the process of introducing regulation which could introduce new costs or taxes, while others are yet to regulate. Competition is a worth considering too. That's because 32Red operates in highly competitive markets and is up against larger rivals with significantly larger marketing budgets. That said, the company's management is experienced and has a strong brand presence. The risk of an economic slowdown is also worth flagging up. The gaming sector has proved resistant to economic slowdowns in the past, including the last major slowdown of 2007-08, but this is not to say that it will fare so well in the future. Finally, Brexit could be an issue. That's because 32Red is based in Gibraltar and would be affected if Gibraltar followed the UK out of the EU or if it became part of Spain, as unlikely as that would seem. That said, 32Red holds local rather than EU licences and the Gibraltar government has been keen to stress its flexibility and desire to support its gambling industry as the terms of the UK’s future EU relationship unfold. Having taken all these risks into consideration, I am of the opinion that for my time horison at least, none of these are unlikely to detract from the positive operating back drop the company is currently enjoying, nor prove detrimental to investor sentiment. Target price So, having first recommended buying 32Red’s shares at 51.75p ('Game on', 7 Jul 2013), since when the board have paid out a total of 12.5p a share in dividends, and last advised running your profits at 134p ahead of yesterday’s results (‘Spinning higher’, 2 Aug 2016), I now feel there is a high probability of the share price returning back to the March 2016 all-time high of 186p, and possibly beyond. If achieved it would price the shares on a more reasonable 13 times next year’s earnings estimates, a fair rating in my view given the EPS growth profile. More importantly, these targets look achievable. Interestingly, the chart set up is bullish as a close above the 152p summer highs would set up the share price for an attack at the 186p highs dating back to March. The 14-day relative strength indicator is not overly stretched, and the MACD momentum oscillator is above its signal line and in positive territory, so the technical set-up is supportive too. On a bid-offer spread of 140p to 141p, valuing 32Red’s equity on a modest seven times cash profit estimates for 2017 to its enterprise value, I rate the shares a strong buy. |
Posted at 01/8/2016 00:23 by paleje A view from shareprophets on TTR but it doesn't actually concluded anything except it's uncertain whether they can keep it up:-32Red (TTR), the online gaming business, delivered a nice set of results on Friday, although they were greeted in a lacklustre fashion by the market. After a huge run up in price over the past year, investors seem cautious that the share price might now fully “up with events”. Licensed in Gibraltar (where else?), 32Red offers the online casino experience you’d expect: slots, roulette, blackjack, poker and a variety of other games. They have a sports-dedicated site amongst a variety of sister sites. The latest results show 32% organic revenue growth, or 63% growth if you include the contribution of last year’s acquisition of a rival casino. (Note that “Revenue&rdquo One of the major problems facing gaming in recent years has been the UK’s Point of Consumption Tax – as with many taxes and regulations, this has the effect of driving smaller and newer competitors out of business, while empowering more established enterprises. Fortunately for 32 Red, it was large enough to withstand the effects of the POC and decided to use the opportunity to seize market share. Last year, it increased net gaming revenues by 52% against 2014. The momentum has clearly continued in the first six months of 2016. The problem is the market cap of £115 million, putting a fairly high rating on can often turn out be a commoditised product. Online gaming is a highly competitive space, and especially in the casino business where many products can be replicated by developer teams at rival firms. While those with existing scale have an advantage, the competitive dynamics seem to revolve mostly around to the marketing budget. 32% revenue growth should translate into a healthy profit figure but I’d suggest that this stock is primarily for gaming aficionados – i.e. those who can figure out whether 32Red’s competitive advantage is here to stay. The healthy balance sheet, cash flow and dividend may also attract some value investors. I’ll keep a watching brief on these shares for now. - See more at: (TTR), the online gaming business, delivered a nice set of results on Friday, although they were greeted in a lacklustre fashion by the market. After a huge run up in price over the past year, investors seem cautious that the share price might now fully “up with events”. Licensed in Gibraltar (where else?), 32Red offers the online casino experience you’d expect: slots, roulette, blackjack, poker and a variety of other games. They have a sports-dedicated site amongst a variety of sister sites. The latest results show 32% organic revenue growth, or 63% growth if you include the contribution of last year’s acquisition of a rival casino. (Note that “Revenue&rdquo One of the major problems facing gaming in recent years has been the UK’s Point of Consumption Tax – as with many taxes and regulations, this has the effect of driving smaller and newer competitors out of business, while empowering more established enterprises. Fortunately for 32 Red, it was large enough to withstand the effects of the POC and decided to use the opportunity to seize market share. Last year, it increased net gaming revenues by 52% against 2014. The momentum has clearly continued in the first six months of 2016. The problem is the market cap of £115 million, putting a fairly high rating on can often turn out be a commoditised product. Online gaming is a highly competitive space, and especially in the casino business where many products can be replicated by developer teams at rival firms. While those with existing scale have an advantage, the competitive dynamics seem to revolve mostly around to the marketing budget. 32% revenue growth should translate into a healthy profit figure but I’d suggest that this stock is primarily for gaming aficionados – i.e. those who can figure out whether 32Red’s competitive advantage is here to stay. The healthy balance sheet, cash flow and dividend may also attract some value investors. I’ll keep a watching brief on these shares for now. - See more at: |
Posted at 16/4/2016 02:50 by dave2608 Agree with a lot of the posts above. I'll just add a few points.1.I look at shares from a fundamental perspective. In post 1288 78paul talks about investor psychology. Basically this investor psychology/ sentiment/ peoples moods et al is technical analysis / looking at charts or whatever you want to call it. I'll admit I know next to nothing on the subject. Strange though how peoples moods can switch between a cycle of optimism and pessimism almost at the flick of a switch. So having knowledge of technical analysis might be a good thing. The trouble is there are different schools of TA, so which one can you trust? Someone will say the chart says this, another will say the chart says that. Who is right? Who is wrong? Maybe it's all baloney? I really don't know. 2. paleje's post of 1286. I agree and the number crunching has largely been done. So what have people got to fret about I ask? But fret they do and sell pushing the price down. Then you get people fretting about people fretting and selling, so they sell. It becomes a vicious circle. At some point sentiment changes and people buy in. Then people begin to fret about missing out on a decent rise in the share price, so in they pile in with buys. It becomes a virtuous circle. Weird stuff, this investor psychology. 3. Fozzie's post 1287. If you really want a share showing similar behavior, look at Stride Gaming. Similar market cap to TTR. It operates in the same field of the online gaming sector and has dropped from around £3.25 a share to around £2.35, similar to what TTR has done from its peak. The share price seems to have bottomed out now. As the story at Stride is very, very similar to the story at TTR,it will be interesting to see Stride's interims, which can't be far off. These I believe will be an indicator of what we can expect to see at TTR in July. |
Posted at 05/4/2014 10:27 by xenawarriorprincess Yes, the underlying figures look very good.Many of the short termers will be out now and I expect to see a gradual sustained rise in the share price for the rest of this year. I suspect that there has been an element of manupulation with the TTR share price, this was evidenced on the record date for the interim - the interim dividend was something like 0.8p, but the shares dropped around 7-8p intraday. Similar with the annual results - overall pretty good and the share price drops from mid eighties to mid fifties over a couple of weeks, although I accept there has been an element of general market weakness. Yesterday appears to have been different, record day for the 1p dividend, price drops by 1p. Maybe the manipulation has finished for the time being and maybe normal service can resume? |
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