Share Name Share Symbol Market Type Share ISIN Share Description
32red Plc LSE:TTR London Ordinary Share GI000A0F56M0 ORD 0.2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.00p +1.42% 143.00p 140.25p 143.00p 143.00p 143.00p 143.00p 129,733.00 14:06:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 48.7 1.1 1.2 116.3 121.69

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Date Time Title Posts
03/12/201609:4832 Red1,564.00
28/8/201609:30*** 32 Red ***5.00
22/7/200611:49Thirty two red8.00

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32red (TTR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:19:54141.001,0471,476.27O
14:09:36142.311,3961,986.68O
14:05:45143.00486694.98AT
13:47:58142.251,4762,099.61O
13:43:38142.251,3981,988.66O
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32red (TTR) Top Chat Posts

DateSubject
07/12/2016
08:20
32red Daily Update: 32red Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker TTR. The last closing price for 32red was 141p.
32red Plc has a 4 week average price of 131.54p and a 12 week average price of 135.50p.
The 1 year high share price is 186p while the 1 year low share price is currently 97p.
There are currently 85,097,528 shares in issue and the average daily traded volume is 99,899 shares. The market capitalisation of 32red Plc is £121,689,465.04.
08/11/2016
16:20
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: http://tinyurl.com/hul9wmo 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.
21/9/2016
07:54
nw99: 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.
31/7/2016
23:23
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” in the gaming industry refers to Net Gaming Revenue: that’s wagers minus pay-outs minus bonuses and some other standard items.) 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: http://www.shareprophets.com/views/22631/taking-a-chance-on-32red#sthash.HLD0Xbi0.dpuf32Red (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” in the gaming industry refers to Net Gaming Revenue: that’s wagers minus pay-outs minus bonuses and some other standard items.) 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: http://www.shareprophets.com/views/22631/taking-a-chance-on-32red#sthash.HLD0Xbi0.dpuf
07/6/2016
20:30
abarclay: Good zulu - TTR Numis Gives 32Red PLC Price Target With Potential 48.31% Upside By Warren Smith On Monday Numis reiterated its target price on 32Red PLC (LON:TTR) shares issuing the company with a ‘Buy’ rating. Numis gave the share price of 32Red PLC a price target of 200
10/5/2016
15:21
tedo59: Very nice summary paleje, I think many people are selling because of the fear of an unexpected nasty surprise because of the fall in share price, so of course this is, as you say, self-perpetuating. Quite nice if you believe in their future though.
09/5/2016
19:45
fizzypop: Extract from: [...] Potential target Also among the major movers today is 32Red (LSE:TTR). It's down by 10%, although the online gambling company is still up by 80% in the last year. It hasn't released any significant news flow today to prompt the share price fall and with it having upbeat earnings growth prospects, 32Red seems to be more likely to soar rather than suffer from a colossal correction. In fact, 32Red is forecast to increase its bottom line by 62% in the current year and by a further 28% next year. This puts it on a price-to-earnings-growth (PEG) ratio of just 0.3, which indicates that now could be a good time to buy it for the long term. That's especially the case since there's a considerable amount of consolidation ongoing within the gaming sector and while 32Red may or may not be taken over, it retains bid potential due to its strong financial outlook.
16/4/2016
01:50
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.
11/3/2016
19:08
dave2608: DD Sorry, didn't realise the Roxy deal was in staged payments. However that is neither here nor there in the big scheme of things. Your concerns are I believe that EBDITA isn't translating into PBT and you are skeptical of EBITDA and would rather trust PBT as a measure. To me you have to take each case on its merit, so lets exam what's happening in the case of 32Red. This is my analysis of the situation, so please feel free to disagree as I could have my logic wrong. Look at Marketing costs in 3. Segment information of the final results. Underlying 2015 - 13,047,197. 2014 - 8,785,015. Italy 2015 - 1,427,407. 2014 - 493,302. Roxy Palace 2015 - 1,073,131. 2014 - 0. TOTAL 2015 - 15,547,735. 2014 - 9,278,317. £6,269,418 more has been spent on marketing, that's why the PBT and eps figures are low. Marketing has been ratcheted up. They haven't spent this money to make a lower return. Marketing has been ratcheted up to make every £1 invested to return £2, £3, £4, maybe more. There are around 400 on-line gaming companies operating in the UK. The POCT has made a playing field where the smaller companies that can't scale up in the current environment will be put out of business. The big players like Paddy Power Bet are concentrating on other things. This leaves a land grab opportunity in a fragmented market, leaving companies occupying the middle space, like 32Red and it's ilk, in a sweet spot. That's why the marketing has been ratcheted up. It's a carefully thought out strategy and they are executing it. Is this ratcheting up working? I'd say it was. Revenues, including Roxy Palace, are up 66% in the first few weeks of the year. The company had record revenues of £48 million last year. By my calculations they are on course for £80 million this year, an increase of £32 million (66% of £48 million). So that's my take on things. Even if I'm right (and I might be wrong), the share price may go down in the short term if investors in the aggregate see things differently. Share prices ultimately are moved by investor sentiment.
14/7/2015
08:25
ohisay: http://www.proactiveinvestors.co.uk/columns/northland-capital-partners-view-on-the-city/22578/northland-capital-partners-view-on-the-city-dotdigital-paragon-diamonds-w-resources-32red-and-others-22578.html TTR this morning announced that it has acquired Roxy Palace for a consideration of £8.4m, £2m in cash staggered as £1m at completion, £0.5m six months after completion and the remaining £0.5m on 31 December 2016. The rump of the consideration is 10m shares at 64p (£6.4m). The take out multiple looks attractive at less than 1x net gaming revenue or 6x FY14 EBITDA and on that basis appears earnings accretive for TTR shareholders. Roxy is an online casino provider with more than 500 games which includes slots, blackjack, poker and roulette. The business has a customer database of 230,000 players and produced £10m of net gaming revenue and £1.6m of EBITDA in FY14. Roxy uses the Microgaming platform which will aid the migration of players and integration of systems and software which ultimately will result in cost synergies for the enlarged business. The current trading statement at time of finals in March read well, where in the early part of the new year revenue in the first 20 days were +31% YoY. NORTHLAND CAPITAL PARTNERS VIEW: The acquisition of Roxy makes sense. It not only adds 33% to net revenue but also cost synergies in our view will benefit TTR shareholders. Current trading at the time of publishing FY14 results in March read well where revenue growth showed healthy double digit figures. Despite this the share price has not performed particularly well since then gaining a mere 3.6%. TTR trades on c. 11x FY15 consensus earnings which does not appear particularly demanding in our view especially given the regulatory nature of earnings, the stock also offers investors a c. 4% dividend yield. Today’s acquisition news should be well received by the market in our view.
05/4/2014
09:27
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?
32red share price data is direct from the London Stock Exchange
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