32red Share Discussion Threads

[bamboo2] 22/9/2016 13:08

Alpha, I was in these in 2015, and bought back in yesterday.

Chart target from confirmed Symmetrical Triangle min 182.

[nfs] 22/9/2016 13:03

I thought point of consumption tax had an impact, and the fear that further legislation might occurWeaker companies left the U.K. after POCT leaving TTR more room for growthI like the high margins, data analytic business nature, cash flows.....and currently low ratingRoxy seems a good deal and the rate of growth impressive

[alphabeta4] 22/9/2016 12:40

Looks to be changing Paleje - currently breaking out of the trading pattern with a target back towards 180p.

IMHO It had quite a run in 2015 which then led to lots of profit taking causing an overly depressed price when people all sold out together. This has now cleared but left a lack of confidence for a bit leaving it trading at a discount to the sector. Now there are some tangible results this will allow new buyers to come in and re-rate the share.

Just a theory!

[paleje] 22/9/2016 08:55

With EPS growth of ~60% forecast over 2017/18 combined and management track record of doing what they say, a PE of 9 for next year seems low to me, especially with the progressive divi and possibility of further one-offs. Not sure why the market seems disinterested, whether its expectations of a general sell off looming can't think of anything specific.

[paleje] 21/9/2016 12:15

Edison's full note is here:-



Numis have reitreated their 200p buy advice.

[nw99] 21/9/2016 08:54

Interims show H116 EBITDA rising to £4.5m (H115: £1.2m) and we initiate with forecast EPS more than doubling in 2016 and growing by over 65% between 2016 and 2018. Yet the 2016e P/E is only 13.5x and our peer group comparison and DCF suggest a value of 193-247p per share, 46-86% above the current share price.

[nurdin] 21/9/2016 08:40

ADVFN not showing all the RNSes

[jarega85] 21/9/2016 07:57

And the key partner RNS

[fizzypop] 21/9/2016 07:53

Profit before taxation
£2.5m
£0.1m
+2,284%

Earnings per share
2.80p
0.10p
+2,630%

Wow indeed.

[alphabeta4] 21/9/2016 07:49

Annoying they're not showing on here -

[nw99] 21/9/2016 07:09

Great news wow

[mortimer7] 20/9/2016 16:24

Results day tomorrow, GLA.

[albanyvillas] 07/9/2016 15:08

Breaking out on L2

[ggbarabajagal] 05/9/2016 09:57

Joined u guys

GGB!

[nw99] 03/9/2016 08:16

Sharewatch update today keep buying

[paleje] 31/8/2016 11:28

Both co's doing well, both throw off cash but 888 trades on PE:17 with PEG:7, TTR has PE:11 with PEG:0.2 for the current year and for 2017 PE:9 with PEG:0.03.

All assuming market expectations are met of course.

[tjbird] 31/8/2016 09:09

nice find pal

[paleje] 31/8/2016 09:07

888 reported excellent H1 results this morning with casino revenue outperforming and good continuing momentum, ahead of last years' strong comparatives since the period end.

[dlku] 28/8/2016 10:30

ST has a column on these this morning, I can't paste the lot but his conclusion is here:-

....In fact, the rating is even more attractive because the year-end net cash balance is expected to rise by a quarter to £12.9m, a sum worth 15p a share. This means that 32Red's shares are trading on a cash-adjusted PE ratio of less than 11 for 2016, hardly a punchy rating for a business thriving in the post-Point of Consumption (PoC) gaming market, winning customers from operators unable to compete in the more onerous tax environment, and with potential to continue to grow at market-leading rates. Indeed, by more effectively target marketing customers, 32Red is achieving high returns on its marketing spend, while also benefiting from reduced competition as uneconomic operators exit the market. A sponsorship deal with Leeds United for the 2016/17 football season, and the return of 32Red sponsored Glasgow Rangers to the Scottish Premier League, can only help develop the brand.

In the circumstances, I would recommend running your healthy profits with 32Red's shares trading on a bid-offer spread of 134p to 135p, targeting a move back towards the March 2016 all-time high of 186p. Run profits.

[paleje] 14/8/2016 16:39

As one of the tax accountants suggested, online operators will likely offer incentives in a different guise.

[coxsmn] 14/8/2016 10:08

UK Aims to Balance Tax for Betting, Online Gaminghttp://www.bna.com/uk-aims-balance-n73014446268/

[shaker44] 08/8/2016 13:38

further comment from ST in InvChronicle just now- he says run the profits!