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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
|
|
|---|---|---|---|---|
| 0.40 | 1.06% | 38.30 | 16:35:16 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 37.80 | 37.10 | 38.50 | 38.30 | 37.90 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Top Posts |
|---|
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. |
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 07:35 by se81 Canaccord this morningGaming 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% respectivelyGaming 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." |
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