Gaming Realms Share Discussion Threads

[cheshire man] 18/8/2020 07:48

A sight for sore eyes on this wet Tuesday morning :-)


"the Board expects revenue and EBITDA for the full year to 31 December 2020 to be materially ahead of current market expectations".

[brownie69] 18/8/2020 07:42

Wow. Didnt see that coming so close to the Interims.

The company obviously felt it could not wait until 8th September. What fantastic news! An update to forecast EBITDA will surely follow. Remember a jump in EBITDA forecast from £1m to £1.4m caused a significant rise in the share price Similar has to be expected surely if the upgrade is of a similar magnitude. I'm hoping for it to be £1.8m EBITDA.


Gaming Realms PLC

18 August 2020

18 August 2020

Gaming Realms plc

("Gaming Realms", the "Company" or the "Group")

Trading Update

Following on from the Group's trading update on 2 June 2020, the Company is pleased to announce that it has continued to trade ahead of market expectations. Revenues in H1 2020 (the "Period") were GBP5m (H1 2019: GBP3.1m) with adjusted EBITDA of approximately GBP1.2m (H1 2019: Loss of GBP0.1m).

The performance in the Period is a result of the expansion of our partners internationally and the release of new "Slingo" games, which have had increased take up by consumers.

Whilst the revenue growth in the Period was helped by the impact of COVID-19, trading during the 7 weeks following the Period end, which were post lockdown, have maintained similar levels seen during the Period.

As a result of this, the Board expects revenue and EBITDA for the full year to 31 December 2020 to be materially ahead of current market expectations.

The Board will be announcing its H1 2020 results on 8 September 2020.

[mylands] 18/8/2020 07:30

I Like to think my latest buy at 19.9999p of a couple of days ago was a good decision!

This RNS seems to indicate it was.

What opening price then this morning? 25p, or am I being too optimistic, I hope not?

[lyndon b] 18/8/2020 07:17

I am not always correct with my maths, but I called £5m revenue, so their June results were a continuation of about +80% on the previous June.BTW, how many people yesterday knew that there was going to be an RNS today after all those buy ins?? Or am I being paranoid.

[hastings] 18/8/2020 07:07

Excellent news, top sliced, but running the rest.

[someuwin] 18/8/2020 07:03

18 August 2020

Gaming Realms plc

("Gaming Realms", the "Company" or the "Group")

Trading Update

Following on from the Group's trading update on 2 June 2020, the Company is pleased to announce that it has continued to trade ahead of market expectations. Revenues in H1 2020 (the "Period") were GBP5m (H1 2019: GBP3.1m) with adjusted EBITDA of approximately GBP1.2m (H1 2019: Loss of GBP0.1m).

The performance in the Period is a result of the expansion of our partners internationally and the release of new "Slingo" games, which have had increased take up by consumers.

Whilst the revenue growth in the Period was helped by the impact of COVID-19, trading during the 7 weeks following the Period end, which were post lockdown, have maintained similar levels seen during the Period.

As a result of this, the Board expects revenue and EBITDA for the full year to 31 December 2020 to be materially ahead of current market expectations.

The Board will be announcing its H1 2020 results on 8 September 2020.

[brownie69] 17/8/2020 12:56

Looks that way BigDave. It was well offered at 20.0p first thing and so we have see some biggish late trades.

Looks like the market is preempting good interim results.

[bigbigdave] 17/8/2020 10:57

Volume...........seller clearing perhaps, fingers crossed.

[lyndon b] 17/8/2020 10:49

Houston, we have lift-off.

[hotdog23] 14/8/2020 19:34

Interesting. What platform do you use that let's you see this info?

[kirk 6] 14/8/2020 18:51

Great to see it hitting 20p. I have sold down here to take huge profits. Still 15 grand every 1p rise so hoping it continues and not going to sell anymore. GLA

[langham77] 14/8/2020 14:03

Good action only a matter of time before we move higher in my opinion

[lyndon b] 14/8/2020 13:36

Was looking at their financials there. This announcement in Sept is on their H1 results up to the end of June, presumably + July/Aug trading update.

GMR have already told us that licensing rev was up 90% Jan-March, 80% April-May and that social rev was up 15%. If I assume April-May growth continuation into June then:

H1 2019: licensing £1.6m, social £1.5. Total 3.1m.
H1 2020: licensing £3.3m, social £1.7. Total 5m.

Hence, +61% total. Full year 2019 rev was £6.9m. From last years books, they need to make £10m rev to cover fixed costs + dep + amort.

Anybody any thoughts?

[mylands] 14/8/2020 12:06

Just seen we are in auction at the moment and that the 5k on offer was taken up at 11.51am.

Out of auction and now we have 173,000 on offer at 20p. So it looks like there is still stock overhanging the market at 20p.

[lyndon b] 14/8/2020 11:52

mylands, many thanks.

[mylands] 14/8/2020 11:47

Lyndon B

My take is that there is stock available at 20p as a result of investor(s) having sell orders in at 20p.

Currently only 5k showing at 20p on SETS. We will know if my theory is right if more trades go through at 20p without the price moving up.

[homebrewruss] 14/8/2020 11:46

London-listed Gaming Realms is supplying its Slingo Originals portfolio of games to UK-facing iGaming platform provider Jumpman Gaming.

[lyndon b] 14/8/2020 11:35

Nice to see it hitting the 20p buy level.
Does anyone have Level 2 access, if so, is there anything to be gleaned from it? Thanks.

[brownie69] 14/8/2020 11:07

Stock has a good feel to it.

I'm also seeing strong comparabales from the H1 reporting for the online casino sector. I suspect that its fuelling the current strength which has now turned into an assault on 20p.

Interims are due 8th September.



As previously posted its easy to imagine another out performance and thus another upgrade.

[shoelaces] 14/8/2020 10:33

I've literally just scrolled down and seen Brownies post 8th, September. How much potential is in this co, I've done a fair bit of research and can see it's undervalued but it just seems to good to be true! Where are the dangers and pitfalls?

[shoelaces] 14/8/2020 10:31

Does anybody know when results are due here?

[kirk 6] 13/8/2020 17:32

Already am! Not this time next year for me

[rimau1] 13/8/2020 17:27

Looking good, the read across from WMH and GVC regarding very strong online casino/online gaming is very bullish for upcoming results. Albeit i have no idea how to value GMR, but right sector right time!!!

[tangerine_dream] 11/8/2020 17:00

Kirkie where are you, you should be gloating and telling us this time next year we will be millionaires!!

[swiss paul] 11/8/2020 12:54

Its really testing that 20p.
Swiss paging Kirk!
Swiss paging Kirk!!!