32red Share Discussion Threads

[kevph] 10/3/2016 09:17

Think the POCT is weighing on the results here. Disappointed in the share price response though

[shakeypremis] 10/3/2016 08:41

MM's might be after shares here

[ulinbac] 10/3/2016 08:27

Interesting to see the spread reached 4.9% this morning. So wide compared to the usual. Looking forward to seeing what happens here today

[djbilywiz] 10/3/2016 08:02

Impressive and positive results IMO, with good prospects for the growth this year."Trading during 2016 to date has been very strong across the Group's portfolio with like-for-like net gaming revenues for the first nine weeks of the year up 35% on the same period in 2015 and up 66% including the contribution from Roxy Palace."Also has no debt and £10m in cash.

[dippydodaa] 10/3/2016 07:57

Interested by this statement..."The Board remains committed to delivering strong growth, both organically and via acquisitions and, as the landscape continues to evolve, we remain encouraged by regulatory developments in new European markets. "

[ksharlandjiev] 10/3/2016 07:45

And there you go. 52% up.Thoughts? :)

[sharestobuy] 08/3/2016 16:16

100% agree with you and we have a good team here and great management so all good. Let's first see what these results show and go from there

[ksharlandjiev] 08/3/2016 14:23

"The big question is how long do you hold for? Is this for the long term?"

The history shows they've doubled up in a year... the big question is can they do it again?
In my opinion they make a lot of sound so surely they will catch the big names in the business attention.
I see the ways that they will soon be bought by a bigger company or they will merge like paddy and bet365.

Even if they continue on their own, there is still room for growth, so unless the gov hit them with some bad regulation, they should be fine, no?

[sharestobuy] 08/3/2016 13:22

It's Thursday when the results hit. Its steady at the moment so time to buy as we speak. Around midday tomorrow I can see this rising again towards the results then boom. Get ready! If they turn out to be fantastic and show further growth then this should be one to hold longer term for bigger gains

[panic investor] 08/3/2016 11:28

This reports tomorrow does;t it ?

[sharestobuy] 07/3/2016 13:03

I'd go with Numis. I'm sure they have never been wrong with past predictions on 32red and believe they are right again. Exciting times ahead. The big question is how long do you hold for? Is this for the long term?

STB

[sharestobuy] 03/3/2016 16:40

The results released on the 10th of march are not priced in as it thinks just because it rose to 1.85 pence on tuesday. It rose to that price because of it has momentum and the company is doing very well and beating it's expectations. The results haven't even been released. I'm certainly not listening to ShareMag, load of rubbish. Very happy to hold. Good luck

[dave2608] 03/3/2016 16:39

Two share magazines seeing things differently.

Investor's Chronicle view (quoting Ivor Jones from Numis) in post 1179. Key points from it:

The bumper cash pile is now worth 10.7p a share and rising as Mr Jones predicts it will increase to 19p by the year-end, reflecting the highly cash-generative nature of the business.

This means that post last month's upgrades, 32Red's shares are rated on 11.7 times earnings estimates for 2016, or on 10.6 times net of its cash pile.

Who do you go with? Shares Mag or Numis? Time will tell. Well probably next Thursday will tell.

[trewsa] 03/3/2016 16:01

Gamblers down because of possible taxes?

[ulinbac] 03/3/2016 15:53

This is the article here

OUR BULLISH CALL on online casino 32Red (TTR:AIM) has netted us an incredible 182.4% gain since we added it as a Play almost a year ago. We think
this momentum could start to waneonce full year results are released on
10 March and we therefore decide to take profit.

The company, whose market cap is now £145 million, has tested our nerves and caused a few sleepless nights. We often thought greed would get the better of us. We think the latest surge – the stock rose by 17.7% between 24 February and 1 March – is a sign that investors are already pricing in good news from full year results before they are issued next week, and so the shares may fall
back on publication of the figures as the trading event concludes. The gambler
is also nearing Numis’ target price of 200p. 32Red said in January 2016 that
it expects full year EBITDA (earnings before interest, tax, depreciation and
amortisation) to be slightly ahead of expectations after net gaming revenue grew
by 51.4% to a record £48.6 million. Its strong performance resulted in it announcing (10 Feb) a special dividend of 3p per share, which will be in
addition to its final dividend for the year.

SHARES SAYS:
At 183p we’re very happy to exit with our 182.4%
profit.

[cezary2] 03/3/2016 15:40

take profit and then buy back again when share price low.
seen it all before with this share

[dave2608] 03/3/2016 14:41

ULINBAC, did Shares Mag give a reason for taking profits?

[dave2608] 03/3/2016 13:34

This is interesting. There are, I'm led to believe, around 400 on-line gaming companies operating in the UK. This website rates 32Red at number 10. Pretty impressive don't you think? However read the player reviews for each casino; 32Red pretty much smashes it. Three 10/10s and two 9.5/10s.

hxxp://www.onlinecasinos.co.uk/exclusive.htm?engine=bing&;kw=casino&mt=B&device=c

[dave2608] 03/3/2016 12:43

ULINBAC, do you mean Shares Mag are advising owners to take a profit? If so, this seems like bad advice to me. Everything about this company seems to point to momentum gathering. Surely you'd want to be in and not out in such a scenario? We might get a clearer picture of who's called it right after next Thursday's prelims.

Sharestobuy, this lot have an even higher target price of £5.07.
hxxp://www.standardtrib.com/32red-plcs-trend-up-especially-after-todays-strong-session.html

[sharestobuy] 02/3/2016 13:38

New price target for 32red - £4.45 by barcharts according to its research and analysis. Link here - hxxp://www.riversidegazette.com/whats-propelling-32red-plc-to-reach-all-time-high/

[sharestobuy] 24/2/2016 15:17

Have a strong feeling that results will be excellent again and this will rise alot further. Let's hope I'm right

[glaws2] 24/2/2016 10:47

Prelims on 10 March

[sharestobuy] 24/2/2016 10:35

When are the next set of results released. Do we have a date?

[paleje] 19/2/2016 08:59

Nicely summed up bigdog.