Stride Gaming Share Discussion Threads

[battlebus2] 28/5/2015 07:42

Not for a company with growth like this lol, I've pencilled in a target price of £3....

[molatovkid] 28/5/2015 07:38

P/e very high - more than fairly valued

[battlebus2] 28/5/2015 07:34

Forgot to mention trading in 2015 is strong and ahead of expectations :))

[macarre] 28/5/2015 07:31

Stonking results!

[battlebus2] 27/5/2015 20:55

I don't think so, imv we are going a lot higher, just waiting for results and acquisition news. Management know what they are building here and when to maximise its potential.

[macarre] 27/5/2015 20:38

Resistance hit at 193p?

[battlebus2] 27/5/2015 08:09

Moving up again :))

[battlebus2] 26/5/2015 23:24

Stride Gaming reckons it can triple its share of bingo market as tax change hits smaller players
By Ian Lyall May 19 2015, 4:01pm The world at its fingertips: Stride is looking to aggressively increase its market size.
A team that’s enjoyed success twice in online bingo has brought its latest venture to the AIM market.
Stride Gaming (LON:STR), founded Eitan Boyd and Darren Sims, with the support of two previous financial backers, Tal Harpaz and Sean Rose, joined the junior bourse this morning with a market capitalisation of £66mln.
The group is chaired by Nigel Payne, the former boss of Sportingbet.
The float raised £11.2mln, which will be used as acquisition currency and to fund the company’s quest for a bigger share of the £1.6bn Internet bingo cake.
It owns the Kitty Bingo, Lucky Pants and Jackpot Liner sites and last year posted revenues of £20.2mln, and underlying earnings (EBITDA) of £5.7mln.
Its ability to generate cash will see it join the dividend list very early in its life as a listed company.
“Gaming has a very high cash conversion, so we hope to attract some of the income funds. We will probably start with a dividend policy in year one,” said chief executive Boyd.
“With organic and acquisition-led growth it should be a good one for the growth funds too.”
Members of the Stride team have an impressive record for building businesses. In 2007 they sold Globalcom to 888.com for £27mln, while two years later 888 paid them £60mln for Wink Bingo.
It joins the market as a fully formed company with its own platform.
Owning the technology that drives the sites makes it easier to expand into new territories and allows Stride to optimise what it makes from its existing crop of customers.
“In the past we’ve had a platform where we didn’t own the customers and a company where we didn’t own the platform – now we own everything from start to finish,” said Boyd.
It should be remembered that online bingo is a pool business, which means business is essentially risk-free.
Some 2.5mln play the game in the UK and it is part of the growing online gaming industry that will generate around £3bn next year, with bingo accounting for more than half.
Stride sees an opportunity where many of the UK market’s smaller brethren see as a massive impediment in the form of the point of consumption (POC) tax that has been introduced in the UK.
As the tax bills are mailed out, so the smaller operators will be forced to throttle back marketing spend.
This is then expected to impair the ability of these minnows to snare new customers.
Stride hopes to be able to continue spending sensibly on acquiring new players. In fact it hopes and expects the process to become much cheaper than it is today.
CEO Boyd reckons as much as 20% of the market will be up for grabs as a result of the POC levy.
He told Proactive investors there is a chance to grow the Stride market share three-fold in the next two years.
“We believe it is only a matter of time, once companies start paying the POC, that marketing expenditure will drop amongst the smaller operators,” said Boyd.
“That is a good opportunity to not exactly clean up, but to make headway. We will have more nets in the water with our multiple brands.”
The cash injection and shares give the firm the currency to pursue acquisitions; however, it has laid out five individual growth pillars.
They include product development, white labelling opportunities and expansion into new territories as well as the aforementioned market share push and organically building the firm.
“The listing gives us credibility in the market and allows us to finance bigger transactions,” said Boyd.
“We will soon have the option of using paper. We become visible and people come to you with deals.”
Stride is coming to the market at a hot time for online gaming. GVC Holdings, backed by Pokerstars owner Amaya Gaming, is locked in a £1bn fight with 888 Holdings over Bwin Party.
Analysts say this is just the start of consolidation, but Stride’s Boyd isn’t looking for an early exit from the market: “We hope to triple our market size in two years. We believe we can do part of organically, though we may make a couple of acquisitions too.”

[battlebus2] 26/5/2015 16:00

Continuing to rise with the spread narrowing so i expect another tick up on the next buy...

[battlebus2] 26/5/2015 11:27

I've been buying a few this morning, big ambitions and high calibre boardroom will make it happen imv but as ever dyor..

[falia] 20/5/2015 17:10

some huge buys @£180 showing as late trades

[113mike] 20/5/2015 12:10

Nice ramp Falia... i like your still... hope you're right of course!

[falia] 20/5/2015 12:04

easy £3 by end of month

[sos100] 20/5/2015 12:00

what sells are you talking about?
have you sold out now?

[falia] 20/5/2015 11:50

guys all buying ,every sell getting snapped up

[113mike] 20/5/2015 10:22

Any broker notes around ?I'm in anyways....see how it goes...could be good imho..

[113mike] 20/5/2015 10:11

Why £3-£5?

[falia] 20/5/2015 10:04

rising fast now

[falia] 20/5/2015 09:06

very few shares available

[falia] 19/5/2015 15:52

these will be trading between £3-£5

[zigzen] 19/5/2015 12:58

Got some early morning on a punt basis too...will be happy to take profit at 2 fat ladies times two!

[molatovkid] 19/5/2015 09:36

I'm in but on a strictly punt basis....

[falia] 19/5/2015 08:53

ANOTHER HUGE BUY £80K