Stride Gaming Share Discussion Threads

[oohrogerpalmer] 23/5/2018 12:16

A profit warning would have been better received!!!!!

[kael] 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.

[czar] 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.

[johnwise] 23/5/2018 07:36

23 May 2018

RNS Number : 9477O

Stride Gaming PLC Interim Results

[basem1] 23/5/2018 07:04

Nothing spectacular here !!

[napoleon 14th] 17/5/2018 14:51

Patience, then.
Only a week to go...

[czar] 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.

[napoleon 14th] 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!

[czar] 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?

[geraldus] 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.

[someuwin] 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)

[czar] 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.

[geraldus] 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.

[czar] 23/11/2017 08:44

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.

[kael] 21/11/2017 21:23

Less 26M cash... PE of around 8 for this year. This is vulnerable to a buyout/TO.

Online gaming has got more legs for a good 5-10 years whilst the world slowly turns regulated. Companies that are very profitable in reg markets are going to get swallowed up by the big players who also generate a lot of cash with a more varied mix of reg/non reg. Easy way to weight earnings in favour of reg markets.

Stride would also fit a convenient gap in the product offering of the top gaming techs. Non exec is ex sportingbet also, wonder how strong those relationships are.

[czar] 21/11/2017 14:34

Looks like the AIM punters have been spooked by the exceptional charges which have nothing to do with the ongoing business. A great growth company on a ridiculous rating imho. Shore put 320p fair value today.

[macarre] 21/11/2017 09:50

Thanks molatovkid. Yes I did realise after posting this that it could be related to the Acquisition. Was told Woodford buying into here. Good or bad thing?

[molatovkid] 21/11/2017 08:52

mcarre....looks like a lot is related to acquisitions and a write off. Explains in the RNS - but took me a while to find it too.

[molatovkid] 21/11/2017 08:50

mcarre....looks like a lot is related to acquisitions and a write off. Explains in the RNS - but took me a while to find it too.

[czar] 21/11/2017 07:26

EPS 27.5p for last year, they should be at least 15x for a solid growth business, 412.5p.

The Group is also pleased to announce that, post the period end, it has made a strategic investment in Passion Gaming, a Rummy-focused online operator based in India. This investment gives the Group an entry into a rapidly growing market with enormous potential for profitable growth.

Indian Rummy is gigantic, this is a very good deal imho.

[macarre] 21/11/2017 07:24

What's behind that loss? Can anybody explain please?

[geraldus] 20/11/2017 16:24

Company stated tomorrow on18/9 trading update.

[alphabeta4] 20/11/2017 11:38

21st according to Investors Chronicle