Share Name Share Symbol Market Type Share ISIN Share Description
Stride Gaming Plc LSE:STR London Ordinary Share JE00BWT5X884 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 149.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 85.48 -0.08 -6.86 108
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 149.00 GBX

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Date Time Title Posts
31/5/201908:15Stride Gaming PLC299
10/6/201509:23Strategic Thought Group96
01/8/200611:54STREAMING NOT WORKING!!!!!!!!!!9
16/8/200409:01Excel from Streaming4
08/4/200209:12Streaming Trouble ?2

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Stride Gaming Daily Update: Stride Gaming Plc is listed in the Travel & Leisure sector of the London Stock Exchange with ticker STR. The last closing price for Stride Gaming was 149p.
Stride Gaming Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 72,636,630 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Stride Gaming Plc is £108,228,578.70.
rimau1: 888 stated this morning that they continue to look at value enhancing M&A to increase share of their UK regulated bingo market, i expect they are looking at Stride
basem1: What sort of levels might we be looking at I wonder. 1.50 per share for starters.....
czar: Now the fireworks begin, Stride owns its own platform and has £22.1m net cash and yields 17%, this must be worth at least double the current price imho.
czar: One for the SIPP, I had GVC years ago and received over 200% of my money back in dividends and the share price went up 500%. STR could be the same.
someuwin: "Stride’s AGM confirmed that trading for the current financial year has been broadly in line, despite well documented regulatory headwinds. To counterbalance rising gaming taxes and other sector pressures, the group is implementing numerous cost-cutting initiatives, which will be key to hitting our FY19 EBITDA estimate. Looking ahead, we expect growth to resume in FY20 (once many regulatory burdens have been lapped) and we believe Stride will take market share within a disrupted industry. Cash conversion is c 90% and the new payout policy leads to a 15.0% yield in FY19 (including the special dividend). The stock continues to trade at a meaningful discount to peers, at 3.7x EV/EBITDA and 6.5x P/E for CY19e..." https://www.edisoninvestmentresearch.com/research/report/stride-gaming195444/preview/
someuwin: Yes - does look exceptional value now... "The Board believes the Group will continue to be highly cash generative and the Board remains committed to its revised dividend policy to distribute at least 50% of Adjusted net earnings in dividends. In addition, the Board has proposed a special dividend of approximately 8.0p per share relating to the earn-out of the QSB Gaming transaction. The transaction is expected to complete by the end of May, with the dividend being paid in June."
tomboyb: https://uk.advfn.com/stock-market/london/stride-gaming-STR/share-news/Stride-Gaming-PLC-UKGC-update/78674373
someuwin: Edison yesterday... "Stride’s FY18 trading update confirms the widely reported headwinds facing the UK bingo-led market, with a c 3% decline in real money gaming (RMG) in H218. More positively, FY18 RMG EBITDA appears to be in line (or slightly better) than our recently reduced estimate. Importantly, Stride’s high-margin proprietary platform is a key differentiator and the company remains well placed to gain market share. The balance sheet is strong and we expect strong cash flow through synergies and strategic growth. The stock has fallen 60% this year on the back of downgrades and a UKGC fine (which appears to be c £4m) and now trades at depressed levels of 5.8x P/E and 3.3x EV/EBITDA for CY19e."
czar: 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.
johnwise: 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
Stride Gaming share price data is direct from the London Stock Exchange
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