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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gaming Realms Plc | GMR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.15 | -0.41% | 36.60 | 16:35:04 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 37.00 | 37.00 | 37.00 | 36.60 | 36.75 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Top Posts |
|---|
Posted at 01/7/2024 19:40 by epicsurf May and June update from GMRGaming Realms’ popular game, Tetris Slingo won silver in the Games Licenced Content Category at the Casino Beats Awards and at the end of June, Gaming Realms also won Aim Market Company of the Year in the Online Money Awards 2024. Both these awards are testament to the hard work of the whole Gaming Realms team. Congratulations also go to Nicola Buckingham, Account Manager at Gaming Realms who won the B2B Excellence Award at the Women in Gaming Awards. Other colleagues have been busy, with Gaming Realms’ Head of Human Resources, Claire Ward, taking part in a roundtable discussion on igaming recruitment. Suki Sandhu, Chief Product Officer also took part in a roundtable with European Gaming media on new mechanics within the industry. Finally, Ian Robson, Commercial Account Manager, was featured in Gaming International Online, discussing Slingo’s growth in US markets. Gaming Realms also proudly sponsored the American Cancer Society’s 46th Annual Jersey Shore Golf Classic in the US. Over its 45-year history, this event has raised more than $6 million for the Society’s programs and services and the Company was delighted to be able to contribute to yet another successful American Cancer Society event. Games Gaming Realms celebrated Day of the Dead, with the launch of Slingo Day of the Dab whilst in June, to kick off the Euro’s, Gaming Realms launched Slingoooal Championships to give football fans a chance to get in on the action and score the ultimate prize. During this period, the Company also extended its agreements with Slingo Deal or No Deal and Slingo Rainbow Riches. Operators and Market Expansion In the USA, the Company launched with Fanatics in New Jersey and Pennsylvania, with Mohegan Sun in Connecticut, and with dingdingding.com. In Canada, it went live with Atlantic Lottery, whilst in Mexico it went live with Luckia. In Europe, Gaming Realms launched with Netbet in Denmark and Unibet in Romania. |
Posted at 01/7/2024 07:10 by epicsurf Would be sweeter if this reflected in the the share priceGaming Realms wins AIM Market Company of the Year in the Online Money Awards 2024 Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused gaming content, is delighted to announce it has been named as the AIM Market Company of the Year in the Online Money Awards 2024. The annual Online Money Awards are organised by Holiston Media, in conjunction with The Armchair Trader, a highly experienced team of writers, each with a minimum of 20 years in the market. The aim of these awards is to recognise and reward the best-performing companies in the self-directed private investment and wealth sectors. In total, across the 21 award categories, covering private investing, wealth management and trading, the awards received over 8,000 votes from more than 2,500 unique visitors, making it the highest number of votes since the awards started three years ago. Mark Segal, Chief Executive of Gaming Realms, commented: "Gaming Realms is honoured that the hard work of its whole team has been recognised through winning the AIM Market Company of the Year award. "Winning this award highlights our Group's ability to navigate a turbulent market and the ever evolving landscape of the gaming industry. I extend my thanks to everyone who voted for us and made winning this award possible. We look forward to another year of game launches and market expansion." |
Posted at 16/5/2024 10:06 by smalljobs Something is going on here. When GG announced their IPO, suddenly GMR shares went to 42. GG pulled out from their IPO in New York, and now all of a sudden shares are dropping under 40. Maybe it's a coincidence? |
Posted at 25/4/2024 18:40 by epicsurf It didn't but shares a lot of the same principles for a GARP stockAn undemanding valuation Turning to the rating, Gaming Realms looks relatively attractive. The PEG ratio – the price/earnings ratio divided by EPS growth – is the key metric on the GARP screen, and we use two variations on this. First is a two-year forward PEG ratio. Second is a blended PEG, which considers past and future earnings growth. Gaming Realms has a forward and blended PEG ratio of just 0.4 times. Thank you shareideas1, Headline from share magazine Buy underappreciated Gaming Realms before the market recognises its true worth Licensing revenue grew 20% year over year in the first two months of 2024 It's been quite noticeable recently that GMR is getting More coverage from a variety of publications and online podcasts |
Posted at 11/4/2024 12:51 by garmin1 No issue with the accounting aspects of the company but the possible red flag for me was the answer provided by the CEO to the drop in New Jersey revenue. The answer was really vague, in my view. It seemed to imply we had been unable to launch new products in the state due to platform issues. Why is this not being communicated within the reports? The CEO implied this was temporary and that he expected revenue to increase following resolution of this issue. I’d have liked a more detailed description of situation.I also found the answer to the utilisation of cash unconvincing. Surely they have plans for this? I don’t believe buy backs or a dividend is realistic for this company, so I’m amazed the CEO suggested this as a possibility. I’ll hold just now until the mid year update but the management team aren’t inspiring me at this time. This company should be looking to grow quickly and be leveraging the strength of a fantastic product. |
Posted at 02/4/2024 13:58 by pandaball Haven’t seen Peel Hunt today - just Canaccord.Bottom line from them: “GMR trades on a CY24E/25E EV/EBITDA multiple of 7.0x/5.4x, which feels too low given the forecast growth and increasing North American exposure (43% of content licencing revenues / 35% of Group). 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 (c.10x CY24E EV/EBITDA).” Garmin, I agree that they should be pushing for new growth and that the cash gives them the opportunity to do that - but I also agree with the above from canaccord that the current price doesn’t reflect CURRENT growth potential. Adding on the opportunity you are talking about, this stock has plenty to justify a step up in pricing. |
Posted at 02/4/2024 13:37 by garmin1 WJCCGHCCYou’re correct that GMR will be entering West Virginia later this year. I meant that there are no new states authorising online gambling this year. Maryland was the only real hope but that’s now highly unlikely. I don’t think the market is going to accept GMR patiently waiting years for further state legislation. The company needs to show real growth ambitions in the more immediate term. It has plenty cash, let’s see it being reinvested in the business. |
Posted at 16/3/2024 16:39 by epicsurf Source interactive investorOnline gaming firm Gaming Realms GMR 0.57% moved into profit in 2021 and it has been accelerating ever since. The easing of online gaming regulation in the US has provided much of the momentum for growth. A limited number of states have legalised online gaming and there could be others that follow suit over the long-term. Gaming Realms develops and licences games for mobile, and major gaming firms are clients. The main brand is Slingo. There is a brand licensing deal with Tetris Inc, the holder of the rights to the eponymous falling blocks game, to produce Tetris Slingo mobile. There is also a social gaming operation that does not involve cash betting, but this is becoming less important to the group. Games developed can be launched in different markets around the world, and the number of countries that the company is involved in is rising. In 2023, revenues were at a record level of £23 million. Underlying EBITDA was at least £10 million, which means that pre-tax profit could nearly double to around £6.4 million. Net cash was £7.5 million at the end of 2023. That figure could double this year, which shows the cash generative potential of the business. Growth is coming from adding additional partners and moving into new countries. West Virginia is the seventh state where Gaming Realms has licensees. Variable costs are 20% of revenues. A 2024 pre-tax profit of £9.2 million is forecast. The shares are trading on less than 14 times estimated 2024 earnings. |
Posted at 07/3/2024 18:08 by epicsurf Article from investors chronicle todayRest is hidden behind paywall Gaming Realms (GMR) shot up to near the top of our latest growth at a reasonable price (GARP) screen, passing all of our tests. Last time around it came in near the bottom of the rankings, having failed our earnings per share (EPS) downgrade and share price (and/or) earnings momentum tests. This makes it a good time to take a fresh look at the developer and licensor of mobile-focused gaming content, which broker Investec argues "is a rare gem in the B2B [business-to-busines |
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. |
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