Gaming Realms Share Discussion Threads

[garmin1] 13/2/2024 09:21

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.

[epicsurf] 11/2/2024 14:40

Nice positive mention from Paul scott for gaming realms on his small cap podcast

[sailorsam1] 08/2/2024 09:51

And 3 years ago making nada

[the white house] 06/2/2024 14:28

35p 3 years ago35p today

[nobull] 05/2/2024 12:18

They have to decide if the net cash is excess capital or not: they might want to invest it in new products or buy a business with it. We might get some idea of their plans in the next annual report and accounts.

[swiss paul] 05/2/2024 10:40

Bet it wont be a divvi - more like a share buyback. I wonder why?

[nobull] 05/2/2024 10:04

TU was more or less in line with previous guidance:

* EBITDA Net Cash


Marketscreener expected £10.25m £7.98m

Today's trading update Not < £10m £7.5m

Sorry I can't make a neat table right now. The above figures are meant to be in columns under the heading, EBITDA, and in the second column under Net Cash

[mylands] 05/2/2024 10:00

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.

[cumnor] 05/2/2024 09:19

Sailorsam-you are taking the market and mms's games seriously-just look at the fundamentals-looking good. Could see a 2p divi next year.

[robward] 05/2/2024 09:07

Yes...it's a strange old world !! With all the cash they are now generating I'd love to see a 1p dividend....it wouldn't even cost them £3 million. I'm looking forward to the results statement.

[sailorsam1] 05/2/2024 09:00

Bizarre. Amazing results. So down

[se81] 05/2/2024 07:35

Canaccord this morning

Gaming 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.

[epicsurf] 05/2/2024 07:06

FY23 Record Revenue and adjusted EBITDA* with Growth of 23% and 28% respectively


Gaming 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."

[spookies] 05/2/2024 07:04

can see why this ticked up on Friday. very good trading update.

[langham77] 03/2/2024 17:32

Positive move Friday let's hope it can sustain the rally and push on in the coming weeks.

[epicsurf] 03/2/2024 16:39

Slingo Hot Roll is now available in Italy 🇮🇹 launched exclusively with Lottomatica!
After experiencing a period of record growth, we spoke to Gaming Realms’ recently appointed Chief Product Officer, Suki Sandhu, about the changing face of the studio’s content. Suki details how Gaming Realms’ Slingo titles have become a genre in their own right and sheds light on the numerous new mechanics that will evolve the games throughout 2024, as well as the provider’s primary target audience and its localisation

Capital H in front of ttps

ttps://open.spotify.com/episode/13BlKWsVD3olXpW2ZTvm6x?trk=organization_guest_main-feed-card_reshare_feed-article-content

[the shuffle man] 02/2/2024 17:40

Big volume today

[999rp] 02/2/2024 14:13

yep something is brewing..

[epicsurf] 02/2/2024 11:57

Hi Boozey, was expecting one this week as well, hopefully next week
Nice trade just gone thru 1,632,489 shares
Something is moving this today

[boozey] 01/2/2024 10:53

I was expecting a trading update this morning - anyone got a view on this please?

[epicsurf] 30/1/2024 12:20

A bill which seeks to legalise online casinos in Maryland has been put forward in the state’s Senate.

Senator Ron Watson introduced and read the legislation for the first time on January 26 which, if passed, would make Maryland the eighth state in the US to legalise igaming.


Also a YouTube interview with 4theplayer talking about their relationship with gaming realms
Around 20 minute's in
/m.youtube.com/watch?v=NWP-zmXz9Jc

[sailorsam1] 15/1/2024 08:16

Rekon this will start moving as we approach a TU at the end of the month

[epicsurf] 10/1/2024 18:36

Thank you PJ84, we should be due a trading update towards the end of the month
Also launched is game Tetris Slingo in Italy 🇮🇹 exclusively with Sisal!