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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
Thanks Taser, I thought the closing price was odd.
The closing price was the last sale price. If you check the price on IG that has live and correct real time prices and not on lse or adfvn then you will see it open at circa 26.8 (given no market sensitive news prior to open)
Hi Taser, what makes you think Friday was a false close?
Hi, I am not sure of that logic but you are right the next RNS may give us the details we need.
I understand the closing price on Friday represented a ‘false’ close and it will be blue first thing Monday morning but SP performance is pretty muted here against a recovery in small caps at the start of the year.
Answering my own question about the disconnect between the SP and numerous LinkedIn announced contract wins is
1. RNS get a lot more targeted interest and therefore should be the preferred method of distributing company news (and yes new contracts most definitely fit this methodology)
2. There are no values attached to the new contracts. Investors need metrics to make their decisions. Most company contract announcements are combined with a value element and information on their impact. I understand that there is an element of confidentiality but there most be some scope to advise us? It is resulting in a subdued SP
It seems the company will however officially release news about a number of off shore conferences which Sound great for employees but again there is little newsflow on the benefits resulting from them. Maybe a petty point but it does seem their priorities, in terms of investor updates, are questionable.
Don’t get me wrong I am a holder because I see value in a company that should be able to drive significant pnl gains from new business without incurring the equivalent increase in costs due to the nature of the business model. The next announcement is key to seeing this in black and white. Whilst I worry about an increasing cost base driven by inflation any prove of an increasing net operating profit will see me a little happier. Good luck
Agree Truro. What you expecting in the trading update?
Hi euan, yes more RNS's would be welcome but RNS's, say a couple of years ago, didn't need to be particularly meaningful to be announced compared to todays situation. As we grow so the number of deals/agreements is also growing and each individual deal is less meaningful. It's a good position to be in.
The most important RNS now is last years trading update! say next week?
I would love to see better PR and more RNS’s in regard to the multiple new partnership agreements, which they use LinkedIn to announce. That said there is so much going on with GMR now there would be RNS’s every few days, which would be nice. We should see trading update this week, it should be very positive.
It is getting rather frustrating watching this bounce around short term lows and the end of day shenanigans.
It seems some posters on this board promote its achievements better than the company themselves, who seem adverse to any RNS highlighting contract wins.
The metrics are also hard to get a handle on. It just seems they need to be more transparent and up their game in terms of investor engagement.
We constantly hear Slingo is conquering Europe and the States but that doesn’t seem to tally with any share price momentum. What am I missing?
What’s goin on here then
Https://igamingbusiness.com/webinars/selecting-the-slots-of-the-future/
A little pessimistic perhaps pedro - we have a fairly fixed cost base which means that increased revenues feed into profit once the cost base is met. As an example the interims showed a revenue increase 10% and a profit increase of 66%! That jump is not going to happen all the time of course!
This financial year will be our third profitable year. We have a visible increasing income stream based on (A) new customers in existing markets and (B) new markets opening up. The SP may be high to reflect this. After all - what could possibly go wrong!!
I have a strong feeling this has some way to go down to reflect a true valuation.......seems to be weak at the moment......
Any reason why this is so highly valued?......I cannot see what is supporting the market cap......can somebody show why the high valuation?
Trading update would be nice.Recent 32 Red and OJO tv ads purely promoting Slingo.Surprised there is no Tombola Slingo version unless it's there but I can't see it on the Tombola website.
Could indicate some news, and SP being suppressed, as looking at the buys, odd that SP so no uplift?