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Stride Gaming Share Discussion Threads
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|Liquidity is always an issue with such shares.
Even the biggies can be pushed lower - seemingly against all logic.
Anyway, I have invested half my usual stake - which is not bad for a first-time investment and have the funds to buy more if it so takes me.
I was impressed by the lowly rating and the growth of the past and also what looks like baked in growth for this year too.|
|Iron Storm this is a great business with a very talented management. The placing last year at 225p was massively over subscribed and the shares traded close to £3 but then a fund decided they wanted out and kept selling it down right back to the 225p level. I suspect they are still there selling and the shares will not make progress until they are cleared. The Company have delivered in spades and will continue to grow, so the current price is absurd. The same thing happened with Gama last year and that also created an amazing opportunity to buy. Sadly this sort of indiscriminate selling by a fund can really damage small caps like these. I am a fan and I am patient but this is very frustrating. Good luck.|
|The chart is also looking more positive. It looks like a clear (ish) run to 280 and is backed up by the recent trading.|
|Welcome IronStorm - TTR has been having similar problems but seems finally on the move, hopefully can have the same happen here.|
|I have dipped my toe in these today.
Quite nicely rated and if growth continues they look like a steal - and with lots more to go for.|
|Agreed czar - perhaps some of the earnouts have been holding it back. It feels likes it needs increased awareness here to push the low trading volumes up a bit. IMO if this doesn't happen it's going to be at risk of a takeover like the CEO's previous ventures.|
|Another very solid update, profits growing at over 20% pa but pe in single digits. This reminds me of Gama where institutions wanted out and took the price down to stupid levels before PI's took up the slack. STR must re-rate at some point, this is a real quality business in an exciting space imho.|
|Tipped over on 3 i.Looks interesting at this level.|
|Four stocks for 2017.
San Leon has to be my top pick with a bid of 80p already in the wings and a top fund holding over 50% means the bidder will have to up that to succeed.
Fox Marble, risky but so well underpinned with assets could easily be a 10 bagger.
Gama Aviation, a pe of 4x this has been sold down by a fund to a ridiculous level.
Stride Gaming, another stock that has continued to shoot the lights out but indiscriminate selling by a fund has taken them down to a silly level.|
|Apparently the placing at 225p was many times oversubscribed and since then there has been news of beating expectations, major bank providing very competitive facility, increasing market share and indications of the clear profit drivers of organic growth, new vertical markets, and geographical expansion. I'm not expecting and improvement in the share price until this institutional seller is cleared and sadly they will just keep taking it lower for now IMHO. The good news is we can get in cheaper soon than the institutions who invested at 225p.|
|Agreed - I think it's a bit under the radar which has put the seller in control for now, albeit the chart may now good support via a great risk:reward ratio, at 2.25 it's at a 10% discount to the exceeding expectations statement let alone any upgrades from the acquisition synergies.|
|quite calm here for a while we wait for recovery. seems as if that one seller really held us back.|
|Still a persistent seller, they have taken STR down from 285p over the last few weeks!|
|News coverage & interview:
|Working may way through this as had a couple of key statements this morning. Looks pretty positive. Couple of key paragraphs for me are:
The acquisitions already present attractive player fundamentals, including the opportunity for significant improvements through leveraging off Stride Gaming's leading software platform and marketing expertise, together with delivering synergies through cross-marketing, lowering of CPA, increasing customer LTV and reducing player churn. We expect the acquisitions to be accretive in the first full year of ownership (pre-synergies), deliver cost synergies (marketing, administration, distribution) of an estimated GBP2.5 million (post earn-out) and deliver revenue synergies (increase in LTV, yield and net cash hold) of an estimated GBP3 million (post earn-out).
Recent discussions around the new proposed TV daytime advertising regulations for the bingo-led market are expected to have very little direct impact on the Group since the Group is focused more on digital media as a source of traffic.
These are key for me as to be accretive pre synergies and then have a further £2.5m is a significant proportion of group profits. Finally the shares seemed to take a dip from concerns on daytime advertising whereas as already highlighted on this board today it's been confirmed digital is the key source of traffic.
Taking these into account if the price stays around here Stride will become a takeover target in it's own right IMO from an operator trying to diversify ahead of changing regulation.|
|Great results but this Company has only just started;-
Stride Gaming has delivered another excellent year of progress with further transformational acquisitions under its belt and robust organic growth. With 105 brands and 10% of the UK bingo market, Stride Gaming occupies a pre-eminent position in the soft gaming market. Stride Gaming now has the scale and fire power to accelerate its organic growth and undertake further acquisitions. The Board believes the outlook for the Company is highly exciting.|
|Wow this facility with Barclays is on better terms and is a great vote of confidence. Apparently there have been sellers over the last couple of weeks panicking about the proposed ban on TV advertising for online Bingo operators but they are extremely ill informed; Stride have no TV advertising but their key competitors rely on it, so in fact Stride is a huge beneficiary of a ban on TV advertising! Talk about efficient markets.|
|They weren't the only ones Czar - from the Telegraph article Shore Capital have a target of £3.62 with the following commentary:
Shore Capital added that the stock currently trades at around 7.4 times is 2017 earnings compared to the rest of the sector, which typically trades a premium of 10 times forecast earnings. Shore sees the potential for Stride to trade at a premium to the wider sector based on the group’s “expertise, technology and the significant opportunities to build a sizeable business”.
On a separate point I noticed on the GVC statement today that whilst their general performance was good - 15% organic at constant currency their gaming/other NGR revenue line which includes Foxy Bingo was down 6% (3% constant currency).
From the statement:
'Currency weakness and a competitive bingo market led to an NGR decline in Games labels of 6% to EUR103.7m'.
I wonder if Stride is hurting competitors at these growth rates?|
|Chief executive Eitan Boyd says he is delighted by organic growth across the underlying business.
Now the UK’s fourth largest bingo operator, Boyd says the group is well on the way for becoming a “£500mln plus company”.
That equates to an £8 share price.|
|Quite a bit of press coverage today, highlights of 30% organic growth and target of £500m market cap (3x the current business).
|This is a very very good company and I can see several years of upgraded forecasts which continue to be beaten, soft gaming is a goldmine.|
|19 September 2016
Stride Gaming PLC Trading Statement
The Group is pleased to report that trading in the second half of the financial year has been very strong. As a result, the Board now expects its results to be ahead of market expectations, with Net Gaming Revenue for the year ended 31 August 2016 to be not less than GBP47m (2015: GBP27.8m) and EBITDA to be not less than GBP12.3m (2015: GBP7.3m), notwithstanding that the prior year contained only nine months of the Point of Consumption tax.
|Alphabeta we should get a trading update soon and hopefully they made the £11m. Current year is hard to guess but with acquisitions should be something around £15m to £17m so single digit pe for sensational growth, starting to look very attractive. Bought a bit with a view to topping up as things unfold. Soft gaming is a great space to be in, very good people and a sensible model, it should be a real winner over the next couple of years IMHO.|