London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I got one right for a change, debt free is great. I believe this share has a long way to go. Glah
58 new partnerships, debt free, rev and EBITDA ahead of expectations, cost base low. I just can’t see how GMR does not get taken out in the near future. Personally, would love to see it keep going for another two years but I feel a takeover it inevitable.
Should be a good 2023, plenty of room to grow its North American business but i would like to see them making inroads into the South American market slingo would do well there.
Debt free & on the up.
Cheers
Agreed, impressed with the trading update! Can anyone see any down side at this point?
Indeed
What a great rns
Very strong little company formed over the years
I’m expecting an update tomorrow as last year it was Wednesday 26th of January. This year it should be Wednesday 1st of February. So I’ll be on the lookout at 7am tomorrow. Glah
The most recent analyst note has them at £20.8m and £8m ebitda. Assuming the are capitalising costs to the same level in H2 that would imply £3.4m ish off the ebitda for net profit putting them at £4.6m
http://www.alignresearch.co.uk/cpt-company/gaming-realms/
Hi Taser, yes Interims 8.5 Revenue. Double that to 17 and add a bit and not far off 20? Interims profit 1.3 double that to 2.6 and again add a higher profit level on extra revenue as costs mainly already covered. OK say 4 to 5 Profit?
I'm dreaming on!
From memory wasn’t the revenues from the interims Revenue circa 8m, PBT 1.4.
The prior year didn’t see an uplift in H2 so there doesn’t seem to be anything highlighting a bias to H2 figures unless I am missing something. All I can say is I wish.
Update got to be this week surely! If Revenue is £20m and profit say £5m then I wonder what they'll do with the money. I don't know but I don't think we've got much debt now? Lottery tickets, Dividend, Directors bonuses - the list goes on!
Ontario numbers are very impressive. Looking forward to trading update, hopefully coming ahead of expectations. I thought it might be today.
91 percent rise!
Premium
Ontario iGaming wagers hit CAD$11.5bn in Q3
Total wagers in Ontario’s iGaming sector reached CAD$11.5bn in the third quarter to 31 December 2022, a rise of 91 per cent on the previous quarter. Read More
The Cleopatra imminent launch is big actually, it has a significant player base. Hopefully we get the trading update tomorrow.
https://sbcamericas.com/2023/01/26/gaming-realms-slingo-north-america/
Worth a read
Plus Gmr have been busy with new operator launches
Source linkedin
Yeah agreed. It's a strange one to RNS in my opinion. It's interesting as it shows they are making good partnerships with recognizable brands but games are always going to take a long time to develop and developers will have to be moved from other projects or have it added to a backlog.
New Tetris collaboration is great, but such a large disconnect between announcement and product reaching market hard to get too excited. Money Train was announced in April 2022, 9 months later nothing launched.
https://www.gamingintelligence.com/products/casino/156184-gaming-realms-to-develop-slingo-money-train-game/
Tetris is Q4 2023, 9+ months away. Seems long lead time, interested how this compares to others in sector.
It's also commercially sensitive info from the operators side. An online casino isn't going to want to provide numbers on how much they make from each individual slot game supplier they work with or the commercial terms of each agreement. Even if this was discussed with GMR there is no way they can publicize it. So revenue projections for a new supplier are going to be difficult, especially with slingo being a new game format as operators don't know how their customers are going to react.
You're going to have to infer it from the size of the company, or the reach they have with customers (if talking about an aggregator).
The tetris deal is different again though. The Tetris company own that game, and are now licensing GMR to use their brand. So ALL of the previous deals we have signed with operators will benefit from this. Similar to the previous agreements with monopoly for example.
This is the real growth potential of GMR. If we sign with an operator we have a new cohort of players who can access an ever growing list of games. If we launch a new game, we are launching it on an ever growing list of online casinos because we keep signing new operators. While largely keeping the cost base fixed
I think they don't post revenue projections etc with Tetris because they probably don't have a clue as to what it will do which in some ways makes this an exciting share to be in.If Slingo takes off for them in the soft gaming market could potentially be pretty lucrative.
Hopefully trading update tomorrow. It will be good to get some numbers in relation to the multiple new partnerships that have been announced in the last few months.
Yeah hopefully trading update soon.Some of the licenced US states been reporting big monthly revenue increases.Also curious to know how Ontario is coming on.
Was hoping for a trading update rather than a contract win announcement that kicks in FY24 but good news nonetheless. Hopefully the trading update will come out this week too
So SP opens 0.42p down and we RNS a contract win.
Great that they realised a RNS but again there is no reaction in the market as there are no commercial terms attached. SP opened. 0.42 down. II get that quantifying the benefits in this business is difficult but there must be internal projections about the economic benefits and usage numbers that could be used as a guidance to investors.
Normally upon release of contract news SPs react but they come with metrics.
Anyway good news.even though no idea how good!
Interesting hookup with Tetris!
Opened at 26.25 from this point who knows