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
  0.65 1.82% 36.40 702,666 16:35:06
Bid Price Offer Price High Price Low Price Open Price
36.40 37.30 37.90 36.50 36.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 11.40 -1.58 -0.54 105
Last Trade Time Trade Type Trade Size Trade Price Currency
17:14:42 O 1,868 36.40 GBX

Gaming Realms (GMR) Latest News (3)

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Gaming Realms Investors    Gaming Realms Takeover Rumours

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Date Time Title Posts
14/6/202110:12GMR - The Ultimate Gamble!1,668
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 35.75p.
Gaming Realms Plc has a 4 week average price of 32.60p and a 12 week average price of 32.60p.
The 1 year high share price is 47p while the 1 year low share price is currently 11.30p.
There are currently 288,702,626 shares in issue and the average daily traded volume is 462,279 shares. The market capitalisation of Gaming Realms Plc is £105,087,755.86.
theoldcodger: Lanista, whilst I agree with much of what you say, if GMR execute their strategy according to plan, then that will dramatically increase both their revenue and EBITDA, which can only push up any eventual take over valuation and in addition, will surely positively influence the share price in the meantime, even if we have to wait a while. Personally I hope that GMR's management are not tempted to sell out too soon, like rimau1, I'm prepared to be patient expecting to reap the rewards. Thank you epicsurf for your frequent and informative posts. I hold. TOC
lanista 0202: Like what I said before, good news will no longer play an important role in this company. News about PEN arrived and the share price went down, results are the only thing the markets are interested in for this company. Pennsylvania and Michigan were late, so I presume results for the first half will not be the best, the end of the year results will be okay. So people who were expecting faster movements of the shares will start selling, which will be an added problem for the shares to go up. Realistically, it will take more than a year for this company to hit 50. For me, selling the company would be the best solution, otherwise, like what I've said before, we will be trapped in the mid-30s for a long, long time.
lanista 0202: Very positive and good announcement today, even if GMR is a non-regular RNS. But like what I said yesterday, announcements and good news will not move the share price If they're planning to keep the company, management needs to bring a new CEO and chairman to show the markets that they are preparing seriously for the future. If not, they need to think seriously of selling this company. Otherwise we will be on a see-saw for a year.
adamb1978: Agreed mylands. My gut feel is that the market churn has quite a bit to run. It won't take down all companies, and the good companies which are performing well will still emerge from it fine in the end as fundamentals will come through. On that basis, I think GMR will be fine and I have no reason to sell. I'm overweight GMR today, but if the market did get really choppy I'd happily add more GMR
mylands: epicsurf Thanks for the analysis for the 51p TP. As is always the case with small cap stocks, it's news flow that counts. Good flow and the share price heads north, zero flow and a trackback always happens as punters take their profits. I don't know why I sometimes ignore these signs after a stock has risen significantly. Take the case of GAN. It rose to over $30 and then came out with a weak end of year set of figures. Since then no news and look where the price is now, sub $17! I sold some at $30, but nowhere near enough!
epicsurf: Hi mylands ,This is their thinking on new price target taking into account the dilution effect of Gamesy loan if they take the option of converting into shares Applying this multiple to our 2022 forecasts for Gaming Realms, and using current net debt figures, implies an equity valuation of £199.17 million. Discounted back to the present day at a rate of 12% derives a value of £165 million, or a price per share of 57.26p. To add a certain degree of caution to our valuation, we note the £3.5 million convertible loan due to Gamesys Group will be due for repayment in December 2022. Under the terms of the loan, Gamesys may elect to convert all or part of the principal amount into ordinary Gaming Realms shares at any time after the first year at a discount of 20% to the share price prevailing at the time of conversion. However, Gaming Realms may need to pay back part of the borrowings in cash if the price per share at conversion is lower than the nominal value of 10p, with the cash payment equal to the shortfall on the nominal value payable. But with the shares currently trading well above the nominal value a cash payment is looking increasingly unlikely. The maximum dilution to shareholders under the loan terms will be c.11% assuming the loan is converted in full, which would effectively reduce our valuation to 51p, a figure we have chosen to adopt as our new target price
lanista 0202: One thing I don't understand, is why management will not force the sale of this company. Yesterday's good results show that the share price is pretty high and you need good results, not to rise, but to defend the share price. I know that lots of people were disappointed with the results yesterday, because they saw MGM going up 140%, and some other companies also over 100%, but this company is small, and did very well with one brand name, named Slingo. Also we now know, (by past experiences) that when the share price starts hitting 50, you will have more than 30% of the shares for sale, and so on, and so on, so why drag it for the next 18 months for some imaginary 70p, when quite easily, we can achieve 60p right now if we sell the company? Btw, 90% of normal people know that 60p is some kind of ceiling, so how many people will really buy expensive shares for a 5% - 10% profit for keeping the shares for a year. You only need to use a multiplier and see the number... I would really appreciate some serious bipartisan opinions.
napoleon 14th: Two excellent posts, epicsurf, particularly the second. I hope the IC won't get upperty about it featuring here! 37p seems to be a glass ceiling at the mo., but I'm up 120% on GMR so in my book I'm glass-more-than-half-full. Ergo I'm happy to wait. The US gaming market is expanding at quite a clip, launched on the back of Covid restrictions but is here to stay. Not all smooth sailing - the muddle in NY state, created by politicians, shows outside factors have to be endured in some cases. However, overall we have a massive growing opportunity and I'm keeping my GAN - up 125% despite the recent "correction" from $28 to 18 in two weeks (gulp!) & ENT (ex GVC) - up 130% after a failed "cheap as chips" bid by US partner MGMR (whose share price has also had a big bounce of late) which ENT's share price has left far behind. Regardless of other opportunities, & there are many, I'll stay with it 100%.
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.
Gaming Realms share price data is direct from the London Stock Exchange
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