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GMR Gaming Realms Plc

33.90

0.70 (2.11%)

Last Updated: 13:48:18

Delayed by 15 minutes

Gaming Realms Investors - GMR

Share Name	Share Symbol	Market	Stock Type
Gaming Realms Plc	GMR	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	0.70	2.11%	33.90	13:48:18

Open Price	Low Price	High Price	Close Price	Previous Close
33.10	33.10	34.50		33.20

more quote information »

Industry Sector
INDUSTRIAL ENGINEERING

Top Investor Posts

Top Posts
Posted at 28/3/2024 17:59 by epicsurf Nice piece on gaming realms Around the 63 minutes mark Worth a listen On today's Easter stock picking fest, I was delighted to speak to accomplished investor John Hugham of Vox Markets – including: ttps://www.voxmarkets.co.uk/articles/the-exchange-7f80804/ Read Full Thread Reply
Posted at 16/3/2024 16:39 by epicsurf Source interactive investor Online 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. Read Full Thread Reply
Posted at 07/3/2024 18:08 by epicsurf Article from investors chronicle today Rest 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-business] gambling space Read Full Thread Reply
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. Read Full Thread Reply
Posted at 04/1/2024 19:19 by pj84 As an investor in both Gaming Realms and Entain. I have just listened to the following interview with the BetMGM CEO which is 50% owned by Entain in a JV and although slightly off-topic there was a mention of Slingo just after 29 mins. Read Full Thread Reply
Posted at 06/10/2023 20:10 by pj84 Thanks epicsurf I am surprised the recording is still not available through the Investor Meet site! Read Full Thread Reply
Posted at 02/10/2023 15:14 by epicsurf Article in daily mail today basically transfered from proactive investor So not new hopefully will raise the profile Read Full Thread Reply
Posted at 20/9/2023 19:27 by epicsurf Interesting piece on proactive investor Extract taken from it In an industry where M&A still thrives, we believe Gaming Realms is an attractive potential takeover target,” said Investec. “The company’s unique Slingo product, and its many variants, give it a considerable competitive advantage, with the potential to keep launching in new geographies and with new clients for little additional costs.” Investec points to the strong management team, which is comprised of industry veterans including Segal who was a former finance director at bwin.party and chairman Michael Buckley, the ex-chair of Cashcade, one of the UK’s pioneering online bingo providers. Risks include tightening regulation in established markets such as the UK but currently trading on an enterprise [EV/EBITDA] multiple of 7.3 times and earnings [P/E] multiple of 17.3x, analysts at the South African bank believe these figures “undervalue the business significantly”. Investec rates the stock a “buy” and reckons its share price could rally ahead from its current 36p share price towards 48p, representing a premium of over 33% Also a article from playUSA “Caesars Digital is an online casino operator that needs no introduction, and launching a custom title on their new Caesars Palace Online Casino app in four markets is a great achievement as we continue to expand across North America. The United States and Canada offer huge potential, and our wide and diverse portfolio of Slingo games has proven popular with the local audience, something this partnership is a testament to.” New Slingo game adds excitement to Caesars Palace online casino growth Gaming Realms made Caesars Palace Slingo specifically for Caesars; it’s a bespoke title set in Las Vegas’ Caesars Palace Casino. Like bingo, the new title has a 5×5 matrix on it filled with randomly assigned numbers. A reel across the bottom of the screen acts like a slot machine reel, showing five numbers and then spinning again. The goal is for players to match numbers from the reel to numbers on the matrix and get five in a row (a “slingo”). The news of the bespoke game’s debut adds to the momentum of Caesars Palace online casino, which launched this past month in Michigan, New Jersey, Pennsylvania, and West Virginia. Because the platform is a newcomer to those four markets, we can expect to see more announcements about new features and titles. Especially as the fight for revenue in lucrative online casino markets requires a steady flow of new games. Matt Sunderland, an executive at Caesars Digital (oversees Caesars Palace Online Casino), said Gaming Realms’ bespoke game adds to the excitement of the casino’s first months. Sunderland said: “Caesars Palace Slingo is a great example of the new level of entertainment we strive to bring to players with Caesars Palace Online Casino. We’d like to thank our partner Gaming Realms for creating a fun and unique game that highlights the customized experience we can bring to life on our new platform.” As for today's drop no idea , bigger than normal volume Read Full Thread Reply
Posted at 13/9/2023 07:26 by epicsurf Interview with Mark segal proactive investor Read Full Thread Reply
Posted at 14/8/2023 07:54 by mylands GMR is ‘below the radar’ of small investors that move a stock like this, hence the reaction to Blandford’s SIGNIFICANT buy. Something looks like happening to the stock for him to invest so much. Read Full Thread Reply

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