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GMR Gaming Realms Plc

0.00 (0.00%)
04 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Gaming Realms Plc GMR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 35.85 16:35:04
Open Price Low Price High Price Close Price Previous Close
35.50 35.50 36.20 35.85 35.85
more quote information »
Industry Sector

Gaming Realms GMR Dividends History

No dividends issued between 04 Mar 2014 and 04 Mar 2024

Top Dividend Posts

Top Posts
Posted at 13/2/2024 09:21 by garmin1
Great company but the U.K. market just doesn’t reward companies such as this.

Going forward, I’ll like to see a move away from AIM to the US. I don’t want a dividend but would rather see the cash holdings spent on growing additional revenue streams. The company grew it’s cash pile by some £3m this year and at the same time paid off £3m of debt. On a conservative basis, that should mean £13m in cash next year. That’s a decent amount to acquire additional products.

The US regulation is moving slower than expected. From my reading, only Maryland has a realistic possibility of approving online gaming this year, but not until November. There are two other states that have legalised online gambling - Rhode Island and Delaware. Unfortunately, with populations of around 1million each, I suspect these may be too small for GMR to complete the authorisation requirements.

Great company but would like to see more ambition in developing it further. The games they have today are clearly in demand, but that won’t be the case forever. With state authorisation taking longer than anticipated, the business needs to grow other revenue streams.
Posted at 05/2/2024 10:00 by mylands
With the way the market overall is trading, sideways, and moving down, investors will take any opportunity to trim their holding with a spike up in an SP, as we are seeing today with GMR.

I like the buy rating forecast of 50p by Cannacord, that's an uplift of over 30% from the 37.9p buy price now.
Posted at 05/2/2024 09:19 by cumnor
Sailorsam-you are taking the market and mms's games seriously-just look at the fundamentals-looking good. Could see a 2p divi next year.
Posted at 05/2/2024 09:07 by robward's a strange old world !! With all the cash they are now generating I'd love to see a 1p wouldn't even cost them £3 million. I'm looking forward to the results statement.
Posted at 05/2/2024 07:35 by se81
Canaccord this morning

Gaming Realms has announced a positive trading update covering the year to end 31 December 2023, showing that the Group made strong progress over FY23E, delivering a record performance, with both revenue and adjusted EBITDA expected to be in line with expectations. Group FY23E revenues are expected to be c.£23m (vs CGe £23.0m), representing growth of c.23% yoy. Adjusted EBITDA (ex SBP) is expected to be above £10m (vs CGe £10.1m), growth of c.28% vs the £7.8m achieved in FY22. This equates to a margin of c.43.5%, a further improvement from the 41.8% achieved in FY22. The Group remains debt-free with a cash balance of c.£7.5m at the end of December. Full FY23E prelims are expected in the week commencing 1 April. This positive outcome has been driven by continued strong growth in content Licensing, with growth seen across all major markets, alongside 44 new partner launches internationally. Management comments that the Group has obtained licenses to supply its games into West Virginia’s iGaming market, the Group’s seventh license in North America, as well as Greece. Launches are expected in both these markets in the coming months. Growth has also driven by increased games content with a further 10 new Slingo games launched in FY23 (75 in total at end of December). The final quarter saw the launch of Slingo Space Invaders and Tetris Slingo, with the Group collaborating with two of the most iconic games brands of their generations. The Group also collaborated with Paddy Power to launch Slingo Bingoton, which was the best new launch on the Paddy Power Bingo platform in 2023.

Valuation and recommendation

Management is looking forward to the year ahead with confidence. GMR trades on a CY24E EV/EBITDA multiple of 7.3x, falling to 5.6x in CY25E, which we think is too low given the forecast growth and increasing North American exposure (45% of Content Licensing revenues in H1'23). We believe that Gaming Realms has a number of attractive attributes. These include: 1.) Significant growth potential; 2.) Exposure to Regulated Markets; 3.) Proprietary and differentiated content and a leading distribution platform; 4.) A highly scalable and profitable, capital-light Licensing model; 5.) An experienced senior leadership team and Board; and 6.) Strong profit margins with scope for further growth. We retain our BUY rating and 50p TP.
Posted at 05/2/2024 07:06 by epicsurf
FY23 Record Revenue and adjusted EBITDA* with Growth of 23% and 28% respectively

Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused gaming content, is delighted to announce its pre-close trading update for the full year to 31 December 2023 ("FY23").

The Company is pleased to confirm that it expects to report FY23 revenue of c.£23 million and adjusted EBITDA* of not less than £10.0 million, up 23% and 28% respectively year-on-year, in line with Board's expectations. The Company ended the year with £7.5 million of net cash.

This strong performance has been predominantly driven by content licensing, with growth across all major markets. During the year, Gaming Realms went live with a further 44 partners across all its markets. In terms of geographic expansion, the Company was pleased to obtain licenses to supply its games into West Virginia's igaming market, the Group's seventh license in North America, as well as Greece. The Company expects to launch in both these markets in the coming months.

Continuing the Company's association with high profile entertainment brands, in Q4 2023, Gaming Realms launched Slingo Space Invaders and Tetris Slingo, collaborating with two of the most iconic games brands of their generations. Gaming Realms also collaborated with Paddy Power to launch Slingo Bingoton, which was the best new launch on the Paddy Power Bingo platform in 2023.

The Company expects to report its FY23 Preliminary Results during the week commencing 1 April 2024.

Mark Segal, Chief Executive of Gaming Realms, commented: "I am delighted to report on the exceptional year Gaming Realms has experienced. Our growth in FY23, with a 23% increase in revenue and a 28% rise in adjusted EBITDA, underscores the strength and appeal of our gaming content in the global market.

"The expansion into new territories and the addition of 44 new partners demonstrates our commitment to broadening our reach and enhancing player experiences. As we look ahead, we remain focused on delivering engaging content and expanding our footprint in key markets, ensuring that Gaming Realms continues to be a leader in the mobile gaming industry. We look forward to the future and the current year's performance with confidence."
Posted at 10/1/2024 09:26 by pj84
"Gaming Realms can ‘supercharge’ growth, says Peel Hunt

Mobile and social gaming developer Gaming Realms (GMR) is supercharging its growth, but this is not fully reflected in the share price, says Peel Hunt.

Analyst Ivor Jones reiterated his ‘buy’ recommendation and target price of 60p on the stock, which has advanced 43% in the past year.

Nevertheless, the analyst said the share price offered ‘overlooked global growth’ with ‘more games with more licensees in more territories’ which resulted in 36% revenue growth in the first half of 2023.

The business operates on a ‘build it once, sell it many times’ strategy that means it has a ‘high degree of operating leverage and no debt’ with £4.5m in cash as of June.

‘Gaming Realms benefits from the revenue growth of its licensees; in North America, in particular, which is well on the way to accounting for more than half of revenue,’ said Jones.

‘However, it supercharges its growth by adding more games, licences, and territories.’"
Posted at 06/1/2024 01:04 by napoleon 14th
If GMR can cut a deal with BETMGM, how long before they get into ENT's int'l network?
The company is fine but the shares need something to get moving - high P/E for now.
Posted at 11/12/2023 18:27 by tiger60
Was that a lot of jargon to say very little? Didn’t read particularly well in my opinion.

GMR are not the best at self promotion and RNS announcements regarding contracts. There should be more promotion of the healthy financials and benefits derived from the extraordinary growth versus relatively stable costs.

Unfortunately there are no new States opening up at the moment to add to existing regions but I get the feeling we need a push to get out of the current trading range. Prospects look great and even with the current customer base we are undervalued so let’s hope for our own Xmas rally. Christmas Slingo….
Posted at 05/12/2023 15:21 by epicsurf
Nice to see GMR moving up

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