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STR Stride Gaming Plc

149.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Stride Gaming Plc LSE:STR London Ordinary Share JE00BWT5X884 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 149.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 149.00 GBX

Stride Gaming (STR) Latest News

Real-Time news about Stride Gaming Plc (London Stock Exchange): 0 recent articles

Stride Gaming (STR) Discussions and Chat

Stride Gaming Forums and Chat

Date Time Title Posts
31/5/201908:15Stride Gaming PLC299
10/6/201509:23Strategic Thought Group96
01/8/200611:54STREAMING NOT WORKING!!!!!!!!!!9
16/8/200409:01Excel from Streaming4
08/4/200209:12Streaming Trouble ?2

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Stride Gaming (STR) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Stride Gaming (STR) Top Chat Posts

Top Posts
Posted at 19/2/2019 07:32 by rimau1
888 stated this morning that they continue to look at value enhancing M&A to increase share of their UK regulated bingo market, i expect they are looking at Stride
Posted at 10/2/2019 14:39 by basem1
What sort of levels might we be looking at I wonder. 1.50 per share for starters.....
Posted at 10/2/2019 12:16 by czar
Now the fireworks begin, Stride owns its own platform and has £22.1m net cash and yields 17%, this must be worth at least double the current price imho.
Posted at 06/2/2019 10:17 by czar
One for the SIPP, I had GVC years ago and received over 200% of my money back in dividends and the share price went up 500%. STR could be the same.
Posted at 06/2/2019 09:26 by someuwin
"Stride’s AGM confirmed that trading for the current financial year has been broadly in line, despite well documented regulatory headwinds. To counterbalance rising gaming taxes and other sector pressures, the group is implementing numerous cost-cutting initiatives, which will be key to hitting our FY19 EBITDA estimate. Looking ahead, we expect growth to resume in FY20 (once many regulatory burdens have been lapped) and we believe Stride will take market share within a disrupted industry. Cash conversion is c 90% and the new payout policy leads to a 15.0% yield in FY19 (including the special dividend). The stock continues to trade at a meaningful discount to peers, at 3.7x EV/EBITDA and 6.5x P/E for CY19e..."
Posted at 06/2/2019 08:42 by someuwin
Yes - does look exceptional value now...

"The Board believes the Group will continue to be highly cash generative and the Board remains committed to its revised dividend policy to distribute at least 50% of Adjusted net earnings in dividends. In addition, the Board has proposed a special dividend of approximately 8.0p per share relating to the earn-out of the QSB Gaming transaction. The transaction is expected to complete by the end of May, with the dividend being paid in June."
Posted at 14/11/2018 12:34 by czar
The shareholding structure makes it easy for an acquirer to buy this company and the founders stake means we will get the best price. I've noticed big bids in the auctions sometimes 500,000 shares at 5p over the MM's bid. Something is afoot imho.
Posted at 27/9/2018 08:37 by someuwin
Edison yesterday...

"Stride’s FY18 trading update confirms the widely reported headwinds
facing the UK bingo-led market, with a c 3% decline in real money gaming
(RMG) in H218. More positively, FY18 RMG EBITDA appears to be in line (or
slightly better) than our recently reduced estimate. Importantly, Stride’s
high-margin proprietary platform is a key differentiator and the company
remains well placed to gain market share. The balance sheet is strong and
we expect strong cash flow through synergies and strategic growth. The
stock has fallen 60% this year on the back of downgrades and a UKGC fine
(which appears to be c £4m) and now trades at depressed levels of 5.8x
P/E and 3.3x EV/EBITDA for CY19e."
Posted at 04/6/2018 09:13 by czar
Surely the increase in RGD applies to all gaming stocks but only STR has been hammered. I notice that eps picks up to 22p on the broker note in a couple of years. I'm not sure what is going on but I think the sell off is overdone and the scaremongering about tax and regulation is overdone in the case of STR. The platform must be worth more than the current share price and Jackpotjoy or someone must see this as a cheap acquisition at well over £2 to get their hands on their platform and a big customer base. I'm sticking with it and buying more at these levels.
Posted at 04/6/2018 07:48 by czar
Stride Gaming: H118 – relatively stronger

Stride has reported a solid start to H1, with revenue up 14% to £44.9m and EBITDA down 1% to £8.7m (largely RGD on bonuses, which increased tax by 19%); capex of £1.4m led to strong underlying business FCF of £7.3m. Net cash stood at £19.7m (excluding player liabilities), with a post period boost of £4.2m due to the sale of its minority stake in QSB (YoBingo.es) to Rank.

Elements of the detail are more instructive than the group performance:

Own platform revenue grew by 25% to £29.7m (66% mix), materially outperforming the market though in part boosted by internal migration (third party platform revenue -2%)
Mobile mix grew by 10ppts to 68%, implying continued weakness in desktop (though triangulating 17% mobile growth and 10ppts real money mix change is challenging)
The Aspers JV generated over £2m revenue having traded for most of the 6m period, suggesting the first strong online start for a UK landbased casino business to our knowledge, and validating (albeit early days) the differentiated JV approach
A head of international has been appointed, with a mixture of licences, B2B, JVs and M&A likely to drive growth and diversification, in our view (which also raises questions on why selling the minority in QSB was better than buying it)

Stride has weathered the initial disruption of RGD bonus increases relatively well and appears to be taking UK share where it matters (proprietary platform, strategic partnerships). The group is understandably cautious about the further increase in RGD (likely 5ppts in our view) and recognises that this is likely to cause further disruption. The extent to which Stride can net benefit from this largely depends upon whether its clear operational progress can be converted into genuine strategic gains, in our view: continued proprietary market share growth; developing B2B into a meaningful business unit, and adding at least one material additional jurisdiction (always a challenge when the UK is the base as it is by far the biggest visible online gaming market).

NB The criticism of Jackpotjoy is they don't own their platform, Stride do own theirs.
Stride Gaming share price data is direct from the London Stock Exchange

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