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
  -2.20 -6.29% 32.80 969,958 15:48:21
Bid Price Offer Price High Price Low Price Open Price
32.80 33.20 34.20 31.80 34.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 6.88 -4.67 -1.88 94
Last Trade Time Trade Type Trade Size Trade Price Currency
15:48:21 AT 7,576 32.80 GBX

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Date Time Title Posts
05/3/202110:08GMR - The Ultimate Gamble!1,470
18/12/202015:09Gaming Realms, seriously undervalued12
09/11/202009:54GAMING REALMS 202080

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Gaming Realms Daily Update: Gaming Realms Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker GMR. The last closing price for Gaming Realms was 35p.
Gaming Realms Plc has a 4 week average price of 30.40p and a 12 week average price of 18.50p.
The 1 year high share price is 38.60p while the 1 year low share price is currently 4.40p.
There are currently 287,092,375 shares in issue and the average daily traded volume is 568,464 shares. The market capitalisation of Gaming Realms Plc is £94,166,299.
mylands: epicsurf Thanks for the post. A good positive analysis, which should help to underpin the share price at these highs. The price moving up from here is now dependent on an announcement of a licence in Pennsylvania. Let’s hope that’s not too long in coming.
epicsurf: Update from Align research Gaming Realms (GMR), the developer and licensor of mobile focused gaming content, has announced a brief trading update covering the full year to December 2020.  Revenues for the year are expected to be c.£11.2 million with an adjusted EBITDA of c.£3.1 million. December was said to have been a record month on the back of continued growth in the content licensing business, which grew by over 100% in the year as a whole. The division launched with 26 new partners in the period including the likes of Sky Betting and Gaming and PaddyPower Betfair. The positive momentum is said to have continued into 2021, with the company recently announcing the launch of its Slingo content in Italy with both Goldbet and Sisal. Elsewhere this year, in the US a number of key contracts have been signed, including a multi-state contract with BetMGM to provide content through a direct integration. Gaming Realms has been granted a provisional supplier licence by the Michigan Gaming Control Board, which will allow all Slingo Originals content to be provided to Michigan’s licenced online casino operators. The application process for a licence in Pennsylvania is ongoing. Assessment Last year was the first when Gaming Realms really started to show that its strategy of focussing on the high margin licensing business could deliver. The expected revenues for the full year are slightly ahead of our expectations of £11 million, with adjusted EBITDA well ahead of our forecast of £2.47 million. We will provide a more detailed update and review our forecasts when the results are released in the week commencing 19th April. The shares have reacted well to the news, rising to 34.8p, just short of the recent 6 year high of 37.25p. Ahead of the results release we note that further news could be announced on the company’s US expansion, which could be a further share price catalyst. We expect trading to continue to be strong as further new partners settle in and contribute to earnings, with the company also previously benefitting from the lockdown situation in the UK  as people stay at home and spend more time gambling online. With the shares trading below our peer derived valuation of  39.4p, which has scope to be increased on the results announcement, we are happy to retain our stance of Conviction Buy.
brownie69: GMR announced that they had a supplier license on 6th January. There was an announcement by Michigan that their market opened on 22nd January so we must assume that GMR are indeed in there and active. No such announcements re Pennsylvania thus we have to assume that they are not trading there yet. However we should not be surprised, when the news was originally announced that GMR had applied it was expected to open "in H1" so plenty of time to go yet.
langham77: Absolutely agree, this share price without doubt will go higher in the near future in my opinion.
napoleon 14th: SCSW's timing could not have been worse! They say "A main write up at 11.9p in July ‘20, it looks up with events. I’m inclined to take a part profit." I guess that commplies with the "sell half on a double" rule I used to follow but avoid in high growth situations such as this, along with GAN & ENT (ex GVC). So today GMR announce a new area with well established players in Italy. The US is a huge growth story covered by a deal with ENT/MGMR, giving GMR access to that potential. OK, good on SCSW for a great heads up just six months ago, but why sell when the prospects are so transformative to GMR? I hold & ain't selling at all in the forseeable future.
adamb1978: Hi Lanista Not sure about a move to Nasdaq, but the progress and acceleration of growth here is very reassuring whichever market they're on. I was looking at the valuation earlier to try to come to a view on where I thikn this can get to. Current market forecasts are for around 20% growth p.a. for 2021 and 2022 which given all the announcements in H2 2020 is probably not that ambitious. Peel Hunt have barely changed their forecasts since early Sept. I dont think its unrealistic for example to expect say 30% p.a. growth which would get them to c.£25m by 2023 and, as a result of the faster growth, if you then put it on say 8x sales rather than the 5.5-6x which it traded at last year, then a share price of just under 70p is more appropriate. 40% p.a. and 8x gets you to around 85p in 24-36 mos. At the moment, I don't see the valuation as particularly aggressive despite the rapid share price appreciation so far in 2021. There's always the temptation to bank profits, but I've sold far too early a few times (FDEV and BOO are examples where the share price has got to c.10x my in-price) so intending to run this winner. Adam
nashwan123: GMR share price began to rise during the last lock down as folk spent more time gaming online. The biggest danger to shareholder wealth is a takeover approach. I was in Ladbrokes and once they got into the USA they were taken out at a fraction of their future earnings. Also worth rereading last September trading update which makes me believe GMR will be heading to 30p soon with the potential bonus of a dividend in 2021. Since updating the market on 8 September 2020 when publishing its interim results, the Company is pleased to report that business performance and sales momentum has continued the trend demonstrated throughout the first 8 months of this year. Revenues for the Period are expected to be GBP10.7m, 55% ahead of 2019. As a result of this increase in revenue, the Company expects adjusted EBITDA of not less than GBP2.75m for the year ended 31 December 2020. This strong performance is due to the expansion of our partners internationally, the release of new "Slingo" games, and improvements to the Group's technology. In the second half of the Period, we have gone live with 5 new partners, including PaddyPower Betfair in Europe, and launched 4 new "Slingo" games including Slingo Fluffy Favourites. The Company has applied for licenses in Pennsylvania and Michigan in the US and hopes to launch in these states during the first half of 2021.
lanista 0202: John, you never disappoint. Your comments always come as charming nothingness, but you know that, so I don't have to talk about it. Anyone who has ever read my threads knows that I have been in this company for more than 5 years, so talking to me about the 'midterm' is nonsense. Currently,a drop in the share price suited me to perfection so I can top up. This company is a very simple story, in 18 months, it will be 39p plus, or someone will buy it on the way to 39 for a similar price. So useless, daily comments are totally irrelevant. Everyone knows I was against management for years now, but I must admit, bringing a dozen plus serious investors to pick up shares from unhappy, old shareholders and loose shares is a genius move. They will have peace in the house, and they will not have desperate people selling. And by the way, which serious institution will invest money in a small company like this if they don't believe they're going to double their money in 12 to 18 months? So John, please try not to reply to my comments unless you absolutely must, but I am, in advance, telling you they are useless.
brownie69: I'm not going to comment much on single days trading let along posts on trading based on a hour or twos data. Its mad because you dont get to see late reported trades and you have no idea of the size of orders that sit behind what may look like a small order. ie a 10,000 order might be the total order of part of a 250k order that going to be worked in pieces. Ron, regarding your comment needing more than half year results to drive the share price Its not about how many sets of results are needed to drive the Share Price it what those results say that counts. We have already seen the effects of the last trading update which triggered a 50% rise in the share price simply by telling the market that EBITDA expectation has been upgraded from £1m to £1.4m. Imagine another 40% upgrade! Ok a bit ambitious but just to illustrate my point. That puts us on nearly £2m EBITDA. Based on the last upgrade that would put us into the 22p to 23p range in my view. whereas if the results have no upgrade to EBITDA then Id expect the share price to stay in its new current range. My point being its the content of the results that will drive the share price
lanista 0202: Ron, I don’t want to be rude, but this shift in price is nothing to do with a ruler and drawing two lines, it’s simply lots of people who have a small amount of shares, hoping that they will turn a fast profit in two or three weeks selling. But if you watch carefully, even yesterday, if you wanted to buy a bigger quantity like 150k, you would need to pay over 17p. I’m very happy that people who are holding small amounts now know that this company is not going to be sold in the near future, and people who are buying now are here to stay. Watching the daily shifts of the share price, especially on smaller amounts, is a waste of time. There were good results in June, no change of management, no offer to buy the company, and the shares have corrected themselves to a realistic level. In September again, after posting good results, the share price will rise to 24-25, if there is no offer to buy, and no change in management, the price will correct itself to 20 again, and so on and so on for the next 18 months. And for all those people who found it offensive when I mentioned GAN, let me point out, that I bought shares for just around 13, last year in May, and sold for just around 28 recently, and like this company, not reacting with new management after doing very well, GAN were punished for not being aggressive, exactly like what I said was going to happen, and I didn’t use a ruler.
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