Stride Gaming Share Discussion Threads

[deanowls] 31/5/2019 07:15

Gvc are one of the reasons they are struggling. They are growing online and stealing everyone’s business. I think they can invest in their own business for a better roce.

[czar] 31/5/2019 07:07

Could GVC or someone else bid more?

[molatovkid] 31/5/2019 06:11

Offer received!

[czar] 19/2/2019 07:57

70,000 shares on the bid at 115p this morning, someone wants these.

[czar] 19/2/2019 07:40

I think there will be a lot of people looking at Stride. Almost all the others pay £10's of millions to use their platform, the thing that makes Stride so attractive is they own their platform. Also all the tightened regulations on recruiting new clients means a client base is now extremely valuable to a predator.

[rimau1] 19/2/2019 07:32

888 stated this morning that they continue to look at value enhancing M&A to increase share of their UK regulated bingo market, i expect they are looking at Stride

[czar] 18/2/2019 08:58

80,000 on the bid at 110p

[czar] 10/2/2019 20:16

Minimum £2 I think, this valuation is potty, look at EPO the bid came in at 6x

[basem1] 10/2/2019 14:39

What sort of levels might we be looking at I wonder. 1.50 per share for starters.....

[czar] 10/2/2019 12:16

Now the fireworks begin, Stride owns its own platform and has £22.1m net cash and yields 17%, this must be worth at least double the current price imho.

[geraldus] 10/2/2019 09:26

Sunday Times reports that Stride is putting itself up for sale.

[someuwin] 06/2/2019 16:01

Spot on czar.

[czar] 06/2/2019 10:17

One for the SIPP, I had GVC years ago and received over 200% of my money back in dividends and the share price went up 500%. STR could be the same.

[basem1] 06/2/2019 09:32

Looks exceptional value at anything below 150p. The cheeky 4000 shares are mine this morning. I wouldn't say it was a great sector to be in but the valuation metrics are compelling.

[someuwin] 06/2/2019 09:26

"Stride’s AGM confirmed that trading for the current financial year has been broadly in line, despite well documented regulatory headwinds. To counterbalance rising gaming taxes and other sector pressures, the group is implementing numerous cost-cutting initiatives, which will be key to hitting our FY19 EBITDA estimate. Looking ahead, we expect growth to resume in FY20 (once many regulatory burdens have been lapped) and we believe Stride will take market share within a disrupted industry. Cash conversion is c 90% and the new payout policy leads to a 15.0% yield in FY19 (including the special dividend). The stock continues to trade at a meaningful discount to peers, at 3.7x EV/EBITDA and 6.5x P/E for CY19e..."

[someuwin] 06/2/2019 08:42

Yes - does look exceptional value now...

"The Board believes the Group will continue to be highly cash generative and the Board remains committed to its revised dividend policy to distribute at least 50% of Adjusted net earnings in dividends. In addition, the Board has proposed a special dividend of approximately 8.0p per share relating to the earn-out of the QSB Gaming transaction. The transaction is expected to complete by the end of May, with the dividend being paid in June."

[czar] 06/2/2019 08:35

The yield is now over 17%, bought more today, silly AIM market.

[czar] 22/11/2018 10:15

So STR, if it isn't bought by a competitor, will yield about 17p next year that is over 13%.

[czar] 14/11/2018 12:34

The shareholding structure makes it easy for an acquirer to buy this company and the founders stake means we will get the best price. I've noticed big bids in the auctions sometimes 500,000 shares at 5p over the MM's bid. Something is afoot imho.

[tomboyb] 13/11/2018 12:40

fined £7.1 million -

[pireric] 27/9/2018 11:37

2 issues for me here.

1) people are expecting a big cut to forecasts from a further ramp in RGD in the not too distant future hence the low P/E is not quite so low on face value

2) shareholding structure here is a bit of a deterrent