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GMR Gaming Realms Plc

31.40
0.80 (2.61%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gaming Realms Plc LSE:GMR London Ordinary Share GB00BBHXD542 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.80 2.61% 31.40 658,479 16:23:57
Bid Price Offer Price High Price Low Price Open Price
31.00 31.70 31.80 30.70 31.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 18.76M 3.61M 0.0123 25.53 92.21M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:17 UT 3,336 31.40 GBX

Gaming Realms (GMR) Latest News

Gaming Realms (GMR) Discussions and Chat

Gaming Realms Forums and Chat

Date Time Title Posts
11/4/202419:13GMR - The Ultimate Gamble!2,565
18/12/202015:09Gaming Realms, seriously undervalued12
09/11/202009:54GAMING REALMS 202080

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Gaming Realms (GMR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:1731.403,3361,047.50UT
15:25:0831.2915,9664,994.99O
15:23:5731.401,500471.00AT
15:23:5131.267,9822,494.85O
15:12:5731.40500157.00AT

Gaming Realms (GMR) Top Chat Posts

Top Posts
Posted at 11/4/2024 19:13 by smalljobs
I agree with you Garmin1, but some things are very strange. After getting the results, which are very good, more than 12 million shares have been sold and the price dropped from 35+ to 29. Now we have someone playing funny games. After we had big lots sold for 31p, somebody is selling/buying many lots of 5 shares, 1 share, etc, for 29, disturbing the market price overall. You will excuse my lack of knowledge, but this is strange. Realistically looking, the company can’t produce better results than they have, and the shares are not going to go over 40. So management has 3 choices, to sell the company, to merge, or to buy another company. Otherwise, we are going to be snapped up by someone for barely over 40p. Not many shareholders are going to complain if they can walk out with over 40p per share. People are tired of this company, there’s simply no appetite.
Posted at 09/4/2024 22:31 by pj84
Revenue grew 26%, PBT grew 47% and cash increased from £2.9m to £7.5m. So the profit is generating real cash, always a positive for me.

There is nothing to suggest the growth won't continue and for a growing business that is profitable and generating cash a PE of 16 doesn't appear to be demanding.

They are aware the cash is growing and said they will consider all options including investing in the business, share buybacks and dividends but haven't made any decisions. I expect them to try and find profitable opportunities to deploy the cash rather than return it to shareholders.

It takes differing views to make a market and whilst the share price reaction has been negative I am more than happy to continue to hold.
Posted at 03/4/2024 19:40 by epicsurf
Disappointing share price reaction to Full year results considering they were already known from year end trading update.content licensing for first 2 months up 20% up on last year, a runway for 2024 In the second half of 2023 the Group was granted supplier licenses in both West Virginia, USA and Greece. Along with other planned new markets for the business such as Switzerland and South Africa, the Group is well placed to take advantage of further growth opportunities in 2024
I suspect Brazil will be on the cards as well
Happy with cash pile ,absolute disaster at the moment if you have to raise money.4theplayer would make a good bolt on acquisition and a differential.

Peel Hunt has reiterated its ‘buy’ recommendation for Gaming Realms, as it forecasts the company’s already healthy cash pile to grow during the financial year 2024.

Peel Hunt analyst Ivor Jones said: “We expect the market to catch up with how undervalued we believe the shares are and reiterate our Buy recommendation and 60p target price.
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
WJCCGHCC

You’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 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.
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
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 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
Posted at 24/5/2022 17:28 by stingersplash
ISoftbet selling for 160M on annual profit of 8M. 20x multiple.

GMR market cap 80M on annual profit of 1M. 80x multiple.

GMR share price seems inflated.
Gaming Realms share price data is direct from the London Stock Exchange

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