Share Name Share Symbol Market Type Share ISIN Share Description
Stride Gaming LSE:STR London Ordinary Share JE00BWT5X884 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 133.50p 133.00p 134.00p 133.50p 133.00p 133.50p 2,000 08:00:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 89.9 -26.7 -38.1 - 96.97

Stride Gaming Share Discussion Threads

Showing 376 to 400 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
04/6/2018
09:53
STR has been hammered because their underlying performance even before RGD has fallen well short of market expectations I do wonder if the competition regulators might want to clear any deal of that magnitude first given the market shares in the bingo mkt
pireric
04/6/2018
09:13
Surely the increase in RGD applies to all gaming stocks but only STR has been hammered. I notice that eps picks up to 22p on the broker note in a couple of years. I'm not sure what is going on but I think the sell off is overdone and the scaremongering about tax and regulation is overdone in the case of STR. The platform must be worth more than the current share price and Jackpotjoy or someone must see this as a cheap acquisition at well over £2 to get their hands on their platform and a big customer base. I'm sticking with it and buying more at these levels.
czar
04/6/2018
08:04
The issue is that really we could be looking at EPS of maybe 10.5p as that RGD increase has already been signalled. So this is still on a PER of 14x
pireric
04/6/2018
07:48
Stride Gaming: H118 – relatively stronger Stride has reported a solid start to H1, with revenue up 14% to £44.9m and EBITDA down 1% to £8.7m (largely RGD on bonuses, which increased tax by 19%); capex of £1.4m led to strong underlying business FCF of £7.3m. Net cash stood at £19.7m (excluding player liabilities), with a post period boost of £4.2m due to the sale of its minority stake in QSB (YoBingo.es) to Rank. Elements of the detail are more instructive than the group performance: Own platform revenue grew by 25% to £29.7m (66% mix), materially outperforming the market though in part boosted by internal migration (third party platform revenue -2%) Mobile mix grew by 10ppts to 68%, implying continued weakness in desktop (though triangulating 17% mobile growth and 10ppts real money mix change is challenging) The Aspers JV generated over £2m revenue having traded for most of the 6m period, suggesting the first strong online start for a UK landbased casino business to our knowledge, and validating (albeit early days) the differentiated JV approach A head of international has been appointed, with a mixture of licences, B2B, JVs and M&A likely to drive growth and diversification, in our view (which also raises questions on why selling the minority in QSB was better than buying it) Stride has weathered the initial disruption of RGD bonus increases relatively well and appears to be taking UK share where it matters (proprietary platform, strategic partnerships). The group is understandably cautious about the further increase in RGD (likely 5ppts in our view) and recognises that this is likely to cause further disruption. The extent to which Stride can net benefit from this largely depends upon whether its clear operational progress can be converted into genuine strategic gains, in our view: continued proprietary market share growth; developing B2B into a meaningful business unit, and adding at least one material additional jurisdiction (always a challenge when the UK is the base as it is by far the biggest visible online gaming market). NB The criticism of Jackpotjoy is they don't own their platform, Stride do own theirs.
czar
26/5/2018
14:23
Edison down to 14p EPS... "Our estimates do not factor in a potential increase in remote gaming duty (RGD); a 5% increase would reduce EBITDA by c 27%."
pireric
25/5/2018
15:23
I reckon their business is solid just being hit by extra tax and regulation. The whole sector is also being hit but the market seems to have singled out Stride. I am convinced they will get taken out, they own their own platform and continue to grow revenue well.
czar
24/5/2018
13:10
Disappointing results. Below expectation. UK sector under attack from the government and regulator. No enough free cash to do deals that are game changers. Needs to become a growth story and to execute on that.
brownie69
24/5/2018
11:45
With regards to cash generation, I'm not convinced it's as good as it looks, the net cash position doesn't move much despite the apparently fantastic cash generation whilst the company is barely paying a dividend. Something doesn't look right here.
eastbourne1982
23/5/2018
23:15
Cash pile is flattered. Need to take out the 9.5m£ of deferred consid paid post balance sheet end. In reality, their net current assets minus non-current borrowings is only around £2m, so not really a big net cash pile in my eyes at all. Also, today's results were much worse than even commissioned research house Edison were expecting... "However, we have lowered our total FY18 and FY19 EBITDA forecasts by 16.6% and 28.7% to reflect increased costs associated with regulatory compliance and international expansion. The stock has fallen 18% year to date and trades at 8.3x EV/EBITDA and 13.4x P/E for CY18e." P/E not massively cheap either. very much in line with some of its other peers
pireric
23/5/2018
13:18
To uncertain of future legislation on the gambling industry from an anti-business government who have already taken out thousands of jobs from their attack on Diesel cars.. "Stride's progress in the Period has been achieved against a background of increased regulation and taxation. The Group has had to manage and mitigate the new POCT applied to free bets, which has reduced EBITDA by GBP1.7 million, as well as other external challenges such as the introduction of GDPR and heightened industry-wide regulation in the UK. " "The fiscal environment that UK-facing online gaming operators now work within has changed and is set to change further. The Government's triennial review, published on 17 May 2018 included a commitment to further increase Remote Gaming Duty in the UK," https://uk.advfn.com/stock-market/london/stride-gaming-STR/share-news/Stride-Gaming-PLC-Interim-Results/77496071
johnwise
23/5/2018
12:16
A profit warning would have been better received!!!!!
oohrogerpalmer
23/5/2018
11:45
Ridiculous drop, why does the market ignore Stride? Management should be raising the profile of the company. Getting rid of their existing NOMAD might be a good idea. Whilst fundamentals are good, they are sitting on a big cash pile, generating significant cash and returning a pittance to shareholders. Reading through the report some of their decisions are not very well justified and there is too much information saved up for the report which I believe should have been told to the market earlier. A quarterly update would not go amiss either. Most other gaming companies follow this.
kael
23/5/2018
09:18
This must get taken over, they own the platform, very cash generative, have £27m cash etc etc
czar
23/5/2018
08:19
They should start paying a better dividend, the have £27m of cash and are hugely cash generative.
czar
23/5/2018
07:36
23 May 2018 RNS Number : 9477O Stride Gaming PLC Interim Results https://uk.advfn.com/stock-market/london/stride-gaming-STR/share-news/Stride-Gaming-PLC-Interim-Results/77496071
johnwise
23/5/2018
07:04
Nothing spectacular here !!
basem1
17/5/2018
14:51
Patience, then. Only a week to go...
napoleon 14th
16/5/2018
19:24
Results on 23rd, sure they will be very solid but market not interested in this stock, pe of 6 £28m cash, growing profits over 20%pa, someone will take this out.
czar
16/5/2018
14:15
Any news of half year figures to Feb 2018? Tarco acqu'n seems to have been a good one - RNS of 24/4/18 refers but there are more shares in issue so maybe some selling.... I still hold but finding the wait a bit long!
napoleon 14th
22/4/2018
12:56
News today of more consolidation with the Canadians bidding for Sky Bet, surely it just a question of when not if Stride get bid for?
czar
22/4/2018
09:58
Yes someuwin,it's certainly moving at a fair rate.They need something to restore their acquisition strategy after thst disasterous infiApps purchase.With news next month I will be looking for more deals on their Stride Together platform which has been available for 12 monthsl now.
geraldus
20/4/2018
10:42
Been looking at the rummypassion.com stats again. In just ONE week the site has increased 4,269 global places (a 6% increase) and increased 286 places on the Indian ranking (an 8.3% increase) STR have made a very astute purchase here! 13th April 2018 - Ranked 70,275 globally (3,408 in India) 20th April 2018 - Ranked 66,006 globally (3,122 in India)
someuwin
13/4/2018
13:27
Just been looking at Passion Gaming, the Indian Gin Rummy gambling site that STR bought 51% of (with a right to buy the other 49%) in Nov 17. Amazingly, their flagship site, RummyPassion.com has almost doubled its ranking (based on site visits) since STR took over. This could turn into a very big earner. (They have also launced PokerPassion too) Ranked 70,275 globally (3,408 in India) Has increased its ranking by 66,534 in the last three months (from position 136,809)
someuwin
13/4/2018
07:27
I'm buying, nobody is following this stock, it is ridiculously cheap. Sooner or later the corporate cheque book will put that right imho.
czar
11/4/2018
21:33
Not the most popular board.Lack of interest reflected in the price of late.Back into small profit and awaiting the results.
geraldus
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