These interim results are excellent.
Can't see this going anwhere but upwards! |
Excellent. Should see the next leg up start today |
Great results |
The profile of this business is more like a b2B SaaS business now with £23m of annual recurring revenue. These typically command 10-15x revenue and GMR is well short of that. It’s also hugely profitable (unlike a lot of b2b SaaS businesses. Super cheap at these prices and more and more deals announced all the time. |
Holding well as these near highs for the year.
Good partnership with BET365 gives me more confidence in management's ability to moneytise their products.
Built up my holding over the past couple years and in at an average price of 23p. With more upside IMO, definitely a longterm hold for me. |
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Gaming Realms grows global distribution network with bet365
September 8, 2023
Gaming Realms has further grown its global distribution network after agreeing to a partnership with bet365.
Through the deal, bet365 will be able to offer a portfolio of Gaming Realms titles to its customers, including titles such as Slingo Lobstermania, Deal or No Deal Slingo and Slingo Rainbow Riches.
“Partnering with a recognisable and well-established operator like bet365 encompasses our ambitions and goals of being a market-leading provider around the world,” commented Mouhcine Jalili, Director of Partnerships at Gaming Realms.
“Our distinct, high-quality games provide operators with unique content that has a proven track record in diversifying and entertaining the player base while adding cross-sell advantages. We look forward to seeing the reception of our initial set of titles from bet365 players.”
Back in July, as part of its half-year trading update, Gaming Realms stated that it is hoping that a “strong commercial pipeline” will enable the company to achieve full-year targets.
Alongside the deal with bet365, the supplier has also recently agreed to a distribution deal with Ballys Interactive in the US state of Pennsylvania.
A bet365 spokesperson said: “Gaming Realms’ Slingo titles have accumulated a vast audience of players through the use of their recognisable IP.
“We are excited to be offering our players these games and bringing them a new type of entertainment embodied in the Slingo content.” |
a few buys coming in this morning |
Nice mention of Gaming Realms on vox markets around the 78 mim mark |
Looks to me that there have been 4 x £5000 buys gone through today. |
Hi Aisah, i agree looks expensive on that metric isn't PSR a more useful metric for companies without earnings?
operating margins on revenue vary from company to company so a low revenue to market cap doesn't always reflect its overall profitability
Best regards |
LATEST NEWSGaming Realms expedites US growth following launch with Bally’s Interactive in Pennsylvania
August 31, 2023
By
Wladimir P.
Gaming Realms, a leading provider of mobile-focused gaming content, has extended its presence within the Keystone State after taking its content live with leading operator Bally’s Interactive.
Bally’s Interactive recently entered the Pennsylvanian market and this latest partnership sees the brand now offering Gaming Realms’ world-renowned titles to its player base, which includes the Slingo Extreme game.
Across the US, the provider’s vast portfolio of Slingo titles have proven popular by combining elements typically associated with slots and bingo to create a unique gameplay experience.
The partnership with Bally’s Interactive follows the recent expansion of Gaming Realms in regulated markets across the globe and allows the provider to extend its reach in Pennsylvania and catalyse further growth across the US which has quickly become a key region for the studio.
Craig Falciglia, Director of Business Development North America at Gaming Realms, said: “We are thrilled to be partnering with Bally’s Interactive, a prominent and well-established brand in the US. Our high-quality portfolio contains several titles that benefit from utilising recognisable brands and IPs and these will deliver familiar experiences to players and in turn, boost the acquisition and retention rates for Bally’s in Pennsylvania.
“Bringing our Slingo games to Bally’s is a great accomplishment and will allow more US players than ever before to engage with our fan favourite games |
Mkt cap £100m vs revenue fcst of £23m. On a PSR of 5.38! |
I suppose the "drop" must be down to profit takers given the run that we have been on. But I think there was good support around 35p and I would not anticipate a big fall back based on the price paid in recent director buying. |
Why the drop ? |
The positive for me is that it's holding the higher levels . All bodes well for the future . |
NEW USA operator launch
We are pleased to announce we are now live with Golden Nugget in Pennsylvania!
Source linkedin |
Interesting how few posts there are here, with the share price moving up to recent highs following our CEO's big purchases.
All looking good IMO, and a move back into the 40's must be on the cards, which was last seen in July 2021 when it hit 41.8p. |
Looking very strong again |
cummor
Good analysis, which I agree with 100%. |
I think he just see the London market for what it is-risk averse and and nothing behind it, compared to where they are doing business, which is growing, in the US and he sees valuations afforded profitable tech companies (and GMR is both) in NY. Can see this moving to the US later as mrkt cap increases. The sooner the better while UK plc withers. |
Two buys by Blandford within a week totalling 870k shares. |
I've bought in. Directors who own huge amounts only add if they are pretty confident See also OCI and VLX |
It can only be a positive |
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. |
Mark Blandford must feel its a confident gamble |
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