Stride Gaming Share Discussion Threads

[king kong dong] 04/4/2017 14:10

Topped up a few in my SIPP....I agree - these stocks can be so cash generative, no wonder the sector is so active in mergers and acquisitions.

[corrientes] 04/4/2017 14:06

Thank you czar and, yes, it does stick out like a sore thumb.

[czar] 04/4/2017 13:44

Just come alive on a series of small buys, must be more to it than that. Overhang is almost certainly cleared, I wonder who bought them. Stride does look like a sitting duck, single figure pe with continued strong growth where everything in the sector has been bought or bid for on high teens.

[napoleon 14th] 24/3/2017 18:46

Thanks for this, czar.
I picked it up on the GMAA thread & it was confirmed on the CR thread.
IMO this is going places...

[czar] 24/3/2017 10:59

kkd my guess is they have had several approaches but this is controlled by the founders and I can't see them selling out less than £5, probably not at that level either. This is a strong growth company that has delivered everything it promised and more, the market has got it seriously wrong imho, the sellers have been driven by fear of banning fix odds terminals in bookmakers and restrictions on tv advertising, none of which applies to Stride. Sooner or later the share price will reflect the growing earnings. Reminds me exactly of Gama Aviation, that got sold down to almost a pound last year which was plain silly. But these mis-pricings throw up great opportunities if you are brave and patient.

[king kong dong] 23/3/2017 14:12

You would think if there is continued consolidation in the UK gaming industry, Stride will be in the mix somewhere along the line.

[alphabeta4] 21/3/2017 10:33

888 results today - well received and they trade on a PE of 18. TTR trading at PE 13.5 post it's takeout, STR on PE of 10. Looks a no brainer to me.

Reading the below from Canaccord suggests the cash and appetite is there:

888 shares are up 32% in the past year, but still look attractive. It offers a 6.7% 2016 yield, boosted by a special dividend – and it has paid special divis in each of the past four years. It is also a strategically attractive business – ownership of technology, industry-leading CRM platform etc – in a consolidating industry, suggesting significant optionality from M&A. It also looks well placed for an eventual opening up of the US market.

[corrientes] 21/3/2017 10:12

Waking up ?

[someuwin] 17/3/2017 10:57

Feature: Making great strides

Created: 16 March 2017

Stride Gaming has captured 10 per cent of the UK online bingo market, making it the fourth largest operator. Gaming Intelligence Hot 50 winner Darren Sims, Stride’s chief operating officer, explains that it’s people rather than technology, which are driving this bingo powerhouse.


During 2016, Stride Gaming acquired 8Ball, Netboost Media and Tarco for £70.2m and leapfrogged Tombola and Rank into fourth place in the UK online bingo market behind JackpotJoy, Gala Coral and Sun Bingo. This helped boost revenue by 22 per cent year-on-year to £47.99m. This performance landed chief operating officer Darren Sims a slot in the Hot 50 and Stride a Bingo Operator of the Year runners-up spot in the Gaming Intelligence Awards.

The acquisitions bequeathed Stride a grand total of 95 brands, bringing its total number of websites to 105. It also gave the London-based company a diversified portfolio that it hopes will appeal to every bingo player’s personal preferences...

[someuwin] 17/3/2017 10:34

Looks like all buys so far today.

[czar] 17/3/2017 08:51

If the seller is cleared this will re-rate quite quickly imho although the sector is out of favour because of all the furore about fix odds betting terminals and the proposed restriction on tv advertising, none of which impacts STR, infact it gives them a competitive advantage.

[someuwin] 17/3/2017 08:41

Looks like it might have bottomed out now.

Hopefully get a good move up from here.

[alphabeta4] 13/3/2017 11:03

Makes sense - I took peace of mind it was from one joint adviser to the other.

[czar] 13/3/2017 07:47

Note the appointment of Shore this morning. My take is the Company is not happy with Canaccord, there has been a big seller sitting on this stock for months. Stride keep delivering and the share price should be well over 300p but a seller has continued to drip stock into the market. This remind me very much of Gama Aviation that suffered a similar fate last year. Sadly it happens to illiquid AIM stocks. But that creates opportunity in my book. There has been some big volume over the last couple of weeks and I reckon that is Shore earning their stripes. When the overhang has gone this will be a great opportunity imho.

[alphabeta4] 01/3/2017 15:44

Agreed, I hold (held) both. Considering the CEO here has a track record of successful exits it wouldn't surprise me at all.

[czar] 28/2/2017 15:11

I note the bid for 22 Red, surprised this company hasn't been taken out, it stands out like a sore thumb at this ridiculous valuation.

[ironstorm] 07/2/2017 11:53

Liquidity is always an issue with such shares.

Even the biggies can be pushed lower - seemingly against all logic.

Anyway, I have invested half my usual stake - which is not bad for a first-time investment and have the funds to buy more if it so takes me.

I was impressed by the lowly rating and the growth of the past and also what looks like baked in growth for this year too.

[czar] 07/2/2017 09:48

Iron Storm this is a great business with a very talented management. The placing last year at 225p was massively over subscribed and the shares traded close to £3 but then a fund decided they wanted out and kept selling it down right back to the 225p level. I suspect they are still there selling and the shares will not make progress until they are cleared. The Company have delivered in spades and will continue to grow, so the current price is absurd. The same thing happened with Gama last year and that also created an amazing opportunity to buy. Sadly this sort of indiscriminate selling by a fund can really damage small caps like these. I am a fan and I am patient but this is very frustrating. Good luck.

[ironstorm] 06/2/2017 22:09

The chart is also looking more positive. It looks like a clear (ish) run to 280 and is backed up by the recent trading.

[alphabeta4] 06/2/2017 16:45

Welcome IronStorm - TTR has been having similar problems but seems finally on the move, hopefully can have the same happen here.

[ironstorm] 06/2/2017 13:36

I have dipped my toe in these today.

Quite nicely rated and if growth continues they look like a steal - and with lots more to go for.

[alphabeta4] 31/1/2017 11:52

Agreed czar - perhaps some of the earnouts have been holding it back. It feels likes it needs increased awareness here to push the low trading volumes up a bit. IMO if this doesn't happen it's going to be at risk of a takeover like the CEO's previous ventures.

[czar] 31/1/2017 07:21

Another very solid update, profits growing at over 20% pa but pe in single digits. This reminds me of Gama where institutions wanted out and took the price down to stupid levels before PI's took up the slack. STR must re-rate at some point, this is a real quality business in an exciting space imho.

[geraldus] 03/1/2017 08:40

Tipped over on 3 i.Looks interesting at this level.

[czar] 20/12/2016 12:49

Four stocks for 2017.

San Leon has to be my top pick with a bid of 80p already in the wings and a top fund holding over 50% means the bidder will have to up that to succeed.

Fox Marble, risky but so well underpinned with assets could easily be a 10 bagger.

Gama Aviation, a pe of 4x this has been sold down by a fund to a ridiculous level.

Stride Gaming, another stock that has continued to shoot the lights out but indiscriminate selling by a fund has taken them down to a silly level.