Stride Gaming Share Discussion Threads

[czar] 19/5/2016 17:48

Results due out on Monday, perhaps a bit of nosey buying ahead of that?

[battlebus2] 19/5/2016 16:27

One year on the stock market, anniversary was today.

[dave2608] 19/5/2016 15:59

I've been trying to find out that myself czar.

Did anyone notice the huge buys a week last Tuesday? I wonder what's going on.

[czar] 12/5/2016 18:52

Anyone know when results are due?

[speedsgh] 03/12/2015 13:40

Initiation by Edison...

Bingo-led gambling and social gaming operator -

[macarre] 16/11/2015 22:25

Had the opportunity to go though results in more detail now. Some considerations:

- PBT dropped as a result of costs related to AIM listing and acquisitions. These are one-off costs.
- if you exclude these one-off costs, PBT grew to GBP3.9 million from GBP0.8 million. It appears to me that the profit after tax figure of £0.4M that is in the headline results includes the one-off costs. Does that make sense?
- acquisitions so far have been earnings enhancing according to management.
- they may be able to buy other gaming companies on the cheap as a result of the introduction of POC tax.
- they are looking to expand internationally (Italy). Most of InfiApps revenue already comes from North America. I'd assume there is no POC in both countries?
- size of the pie is growing; not shrinking: global social gaming segment is expected to grow from $5.4 billion in 2012 to $17.4 billion in 2019.
- most of their shares are held by institutions (something like 94% if I'm not wrong); and they don't appear to have sold any following this morning's results; share price fell on just a few sells today (possibly from PIs).

If anything that could disappoint me in this update is the lack of news on dividends (I was expecting them to pay divi from year 1). Maybe at this profit level it would not make sense yet.
Other question mark is how they plan to fund future acquisitions? (is 7.4M cash they have in the bank enough? don't think so)? They'll probably have to increase borrowing from shareholders like they did for the InfiApps buy.

Taking all this into consideration I'm still holding on to my shares. Don't plan to fight the trend though if share price deteriorates further, or if institutions decide to dump their holdings.

[battlebus2] 16/11/2015 10:31

Sold the last of my holding here, headline results read well but it's profits that count. Increased admin, exceptionals and share based payments have eaten up the increase in EBITDA. Rating too high for me now though I expect more growth to come from an acquisition. Also talk of a progressive dividend but that looks unlikely for a while. Thought hard and long about holding but it was my scepticism of Foriegn co's that probably swayed it. GLAH.

[molatovkid] 16/11/2015 07:29

And how has it reduced from £3.9m before tax to £0.4m after?

[someuwin] 16/11/2015 07:16

Profit after tax halved?

[macarre] 11/11/2015 19:23

That's a good sign imo, bb2.
Seem like every time when share price touches the MA(100) line it bounces back. May be a good entry point in the future.
There were not many sellers when it pulled back last couple of weeks anyways.
Results out within next 3 weeks.

[battlebus2] 11/11/2015 15:45

Ticking back up with any buying as we approach results....

[battlebus2] 30/10/2015 15:01

I banked a few profits here but maybe buying them back if we fall much more.

[battlebus2] 21/10/2015 20:03

Looking forward to them macarre.

[macarre] 21/10/2015 19:26

Stride Gaming will announce its results for the year August 31 by the end of November.

[macarre] 09/10/2015 10:59

Fairly chunky buy about an hour ago.

[macarre] 09/10/2015 10:57

Ticking up nicely. ?

[battlebus2] 09/10/2015 07:53

Yes looks like it macarre, back above £3.....only small buys seem to move these up which is a good sign imv.

[macarre] 08/10/2015 08:56

Another buy this morning. Looks like buyer interest is coming back.

[macarre] 19/9/2015 13:26

JNY - should have bought early this week, but didn't. Still watching though.

[battlebus2] 18/9/2015 19:50

Should prove a good decision macarre, can't see much in the way of downside. They should be on the acquisition trail again.

O/T did u buy any JNY?

[macarre] 18/9/2015 19:31

bb2 - I bought back in on Wednesday. Time for the next leg up... hopefully.

[battlebus2] 10/9/2015 07:43

Lots of upside to come imv, market cap 150 million and they already stated they want to become a 500 million co.

[battlebus2] 10/9/2015 06:40

A great update......

Stride Gaming plc (AIM: STR), the multi-branded online gaming operator, is pleased to announce the following update on trading for the financial year to 31 August 2015.

The second half of the financial year has continued to see strong organic growth within the business. As a result, the Board is pleased to report that Net Gaming Revenue for the financial year will be not less than £25 million and adjusted EBITDA for the financial year will be not less than £7 million. The Board is encouraged not only by the momentum in its existing business, but also by the encouraging initial indications from the recently acquired internationally focused mobile social gaming company, InfiApps Limited.

Stride Gaming will announce its results for the year ended 31 August 2015 by the end of November 2015.

[macarre] 01/9/2015 14:47

I too regret having sold out couple of weeks back. But you need to bank profits sometime. And what profits!