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STR Stride Gaming Plc

149.00
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Stride Gaming Investors - STR

Stride Gaming Investors - STR

Share Name Share Symbol Market Stock Type
Stride Gaming Plc STR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 149.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
149.00 149.00
more quote information »

Top Investor Posts

Top Posts
Posted at 23/11/2017 08:44 by czar
Kael I agree this will be taken out if the market doesn't re-rate it soon. Its too cheap, great quality growth company, plenty of cash and they own their platform. They have so many avenues for growth, organic, acquisitions, adding in the new verticals Indian Rummy/online scratch cards/online lottery, plus geographic expansion (they already own overseas licences). I bought a bit more after the top end results. Apparently Investors Chronicle have down graded them from a BUY to a HOLD, hence the sudden group of PI's coming out. Screaming BUY imho.
Posted at 20/11/2017 11:38 by alphabeta4
21st according to Investors Chronicle
Posted at 11/5/2017 12:16 by king kong dong
Corrientes...I was just thinking the same thing.

Some news to blast it out of its current 'under the radar' status would help....

With acquisition and financing costs still washing through the accounts you have to dig behind the basic profit or loss figure and then you see more of what this business is about. For example - if Cash is King then Stride generates a fair amount of it.

'Stride Gaming continues to be highly cash generative delivering another year of solid operating performance with cash flow from operating activities totalling £13.7 million (2015: £4.5 million).'

Once investors gets a clearer picture of this business, then we will see some serious uplift imho

Until then - buy if you believe.

On the other hand, will someone swoop in and pick this up whilst it is at these levels?
Posted at 02/6/2015 20:43 by macarre
19bells - suggest you come back with a rationale for your 50p, and people here are more likely to take you seriously. Investors in STR know why this is a good investment; they are in not because they heard about it from the NT.
Posted at 02/6/2015 18:21 by macarre
19bells - STR is highly cash generative, are planning to pay dividends from year 1, are setting themselves agressive growth targets, and have experienced management in place. Everything SEE is not. Now, you judge which of the 2 businesses are more likely to attract investors. :-)
Posted at 29/5/2015 11:08 by battlebus2
CEO Boyd reckons as much as 20% of the market will be up for grabs as a result of the POC levy.
He told Proactive Investors in a recent interview there is a chance to grow the Stride market share three-fold in the next two years.
“We believe it is only a matter of time, once companies start paying the POC, that marketing expenditure will drop amongst the smaller operators,” said Boyd.
“That is a good opportunity to not exactly clean up, but to make headway. We will have more nets in the water with our multiple brands.”
The cash injection and shares give the firm the currency to pursue acquisitions; however, it has laid out five individual growth pillars.
They include product development, white labelling opportunities and expansion into new territories as well as the aforementioned market share push and organically building the firm.
Stride is coming to the market at a hot time for online gaming. GVC Holdings, backed by Pokerstars owner Amaya Gaming, is locked in a £1bn fight with 888 Holdings over Bwin Party.
Posted at 26/5/2015 23:24 by battlebus2
Stride Gaming reckons it can triple its share of bingo market as tax change hits smaller players
By Ian Lyall May 19 2015, 4:01pm The world at its fingertips: Stride is looking to aggressively increase its market size.
A team that’s enjoyed success twice in online bingo has brought its latest venture to the AIM market.
Stride Gaming (LON:STR), founded Eitan Boyd and Darren Sims, with the support of two previous financial backers, Tal Harpaz and Sean Rose, joined the junior bourse this morning with a market capitalisation of £66mln.
The group is chaired by Nigel Payne, the former boss of Sportingbet.
The float raised £11.2mln, which will be used as acquisition currency and to fund the company’s quest for a bigger share of the £1.6bn Internet bingo cake.
It owns the Kitty Bingo, Lucky Pants and Jackpot Liner sites and last year posted revenues of £20.2mln, and underlying earnings (EBITDA) of £5.7mln.
Its ability to generate cash will see it join the dividend list very early in its life as a listed company.
“Gaming has a very high cash conversion, so we hope to attract some of the income funds. We will probably start with a dividend policy in year one,” said chief executive Boyd.
“With organic and acquisition-led growth it should be a good one for the growth funds too.”
Members of the Stride team have an impressive record for building businesses. In 2007 they sold Globalcom to 888.com for £27mln, while two years later 888 paid them £60mln for Wink Bingo.
It joins the market as a fully formed company with its own platform.
Owning the technology that drives the sites makes it easier to expand into new territories and allows Stride to optimise what it makes from its existing crop of customers.
“In the past we’ve had a platform where we didn’t own the customers and a company where we didn’t own the platform – now we own everything from start to finish,” said Boyd.
It should be remembered that online bingo is a pool business, which means business is essentially risk-free.
Some 2.5mln play the game in the UK and it is part of the growing online gaming industry that will generate around £3bn next year, with bingo accounting for more than half.
Stride sees an opportunity where many of the UK market’s smaller brethren see as a massive impediment in the form of the point of consumption (POC) tax that has been introduced in the UK.
As the tax bills are mailed out, so the smaller operators will be forced to throttle back marketing spend.
This is then expected to impair the ability of these minnows to snare new customers.
Stride hopes to be able to continue spending sensibly on acquiring new players. In fact it hopes and expects the process to become much cheaper than it is today.
CEO Boyd reckons as much as 20% of the market will be up for grabs as a result of the POC levy.
He told Proactive investors there is a chance to grow the Stride market share three-fold in the next two years.
“We believe it is only a matter of time, once companies start paying the POC, that marketing expenditure will drop amongst the smaller operators,” said Boyd.
“That is a good opportunity to not exactly clean up, but to make headway. We will have more nets in the water with our multiple brands.”
The cash injection and shares give the firm the currency to pursue acquisitions; however, it has laid out five individual growth pillars.
They include product development, white labelling opportunities and expansion into new territories as well as the aforementioned market share push and organically building the firm.
“The listing gives us credibility in the market and allows us to finance bigger transactions,” said Boyd.
“We will soon have the option of using paper. We become visible and people come to you with deals.”
Stride is coming to the market at a hot time for online gaming. GVC Holdings, backed by Pokerstars owner Amaya Gaming, is locked in a £1bn fight with 888 Holdings over Bwin Party.
Analysts say this is just the start of consolidation, but Stride’s Boyd isn’t looking for an early exit from the market: “We hope to triple our market size in two years. We believe we can do part of organically, though we may make a couple of acquisitions too.”
Posted at 31/5/2002 15:20 by lionpres
James,

I am trying to view the FTSE Grid.

At the bottom of the page I see Investor Training, ADVFN Bookshop etc adverts.

I am running IE 6.0.2600.0000IS

When I move the cursor into the grey area I see the following at the bottom of the IE screen:

Exception: java.lang.ClassNotFoundException: UpdateInt

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