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Brave browser removes all the cr@p.
I had difficulty posting too. Way too many adverts on this site now. Overkill which affects usability and is just annoying.
Exactly what I just tried to post about but my message got wiped!
Maybe the missing piece of the puzzle I was looking for. This apparently has been in the public domain since 4th April. I think considering the timing it was remiss of GMR management not to officially call this out in writing or via the presentation. Maybe it is all played out but a level playing field would help!
Seller doesn't have to file a holdings RNS until they've finished selling and only if holding is over the 3% threshold. Could be an II or an ex employee possibly?
Interesting to see how this plays out...
Gaming Realms is suing a company set up in 2020 by two of its ex-employees (Philip Halston and Dan Lamond) for IP infringement, saying "the similarity of the products and the background code gives an inescapable inference of copying".
https://playrogue.com/
https://caseboard.io/cases/cb79884f-5573-4476-b419-26bf2d4600cd
Still the sales going through but although sales outweigh purchases over the last couple of days the sp stabilised. Not sure why or what is next but until the lumpy sales stop there will be no rise back to mid 30s
Even though we had an up day those late reported trades are not a great indication that there is a change of fortunes here. A fund or director is indiscriminately dumping but the big question is why?
On the bright side it doesn’t seem to be on company fundamentals, nor at a macro level due to sentiment in small caps, as the move to lower rates only makes the sector look more attractive.
I am hoping for a holding RNS on Monday and a cessation in the delayed reporting of trades trying to cover the sells. Unless there is a major regulation change on the way or some reason for Slingo’s run to stop I can only say the company still has profit growth well into 2025.
I spotted the pattern early and maybe should of traded but with a lot of things hindsight is great. However, barring a market revalation I think holding and waiting to be the best strategy, although a top up is an option based on the disappearance of the late trades.
Good luck. Just remember in a years time the cash balance is predicted to breach £15m against a current mkt cap of £87, plus EBITDA just below £10m. Those figures make a mockery of the current sp.
Time to sell?
What an opportunity to buy on the dip today. Growth shows no signs of letting up and cash continues to build.
Wow some more big trades going through. A rather disorderly way to scale back holdings. Not the most professionally run reduction. Doesn’t sit well.
There is most definitely not a fund raise around the corner and no hint of adverse news in the presentation yesterday that made brief mention of future trading. Thus if not based on company fundamentals it is a matter of patience. However, there is a slight red flag for me as to the rather underwhelming communication by management and the rather unconvincing answer to a question as to what to do with the cash pile. Surely they have had plenty of time to communicate a clear strategy rather than listing all the options and saying they were thinking about next steps.
Oh well the wait goes on.
YEH some one unloading big
There must be something out there I haven’t seen. A tip to take profits or a fund reducing. Frustrating on the back of good numbers but it is always good to be aware of trade momentum and currently it is concerning. Anyone any info?
I've recently started a small position, and currently down 5%. I'll accumulate slowly, and eventually market should catch up. With all the partners the company has, increasing revenue, i think should resume an upward trend soon.
Rather uninspiring and flat delivery against great numbers on paper.
Still the consistent selling. Something not adding up here without a holdings RNS.
Well someone has been reducing over the last few days but no RNS. Let’s hope it is finished
I expected 40p last summer and it still hasn’t held that yet. Today’s rns was good. I thought the mm’s would drop the price and now it’s very close to my top up target. Yes a dividend would be nice but a better strategy might yield more. Making money though and that’s a lot better than some aim companies who have lost 90% of their pi money. Glah and dyor
Peel Hunt ‘Another Jackpot Year. Buy 60p’
Camcoord ‘Buy 50p’
It didn’t deserve this silly drop ffs there making money
Disappointed that the board has not embarked on the journey towards returning earnings to shareholders by way of dividend.
I topped up just now, and hold 175,000 of these so am well vested.
No surprises in the results, other than its frustrating to hear that we can't open up the revenue pipeline faster. So the 10% drop for me has to be the "Protest vote" of long standing holders placing store on these results and not liking the absence of a dividend or future promise of one.
But you have to ask yourself "Why"?.
Messrs Buckley and Bland hold approximately 37.5million shares between them, and sit in the two most influential chairs on the board. That's approximately 12.5% of the shares in issue. So, one has to argue that they are not swayed for making the case for dividends, and that their focus therefore has to be on capital growth. And, I get that - we'd all be pleased with this a 50% uplift to 50p say in the next 2 years. - but that is not a given, even though the growth trajectory for the financial KPIs is good.
Public opinion (or rather Government's intervention) on on-line gambling is always a risk for this business.
And unlike other shares that I invest in, I am not a user or "advocate" for this product, and so I have no idea how long it might be before Slingo becomes yesterday's technology / fashion. - that too is a worry.
So, I would have argued that the price of initiating the shift in this stock's profile to being one of Capital growth and Dividend, would have been both affordable, and in the interest of maintaining the widest base of shareholders. Instead, the price of a further year of dismissing the opportunity to start the dividend is that 10% was knocked off the capital value.
This share now trades at a 10% discount to the the Enterprise value of 10 x historic earnings, plus cash at bank.
Hmm!
Why don’t LSE let you edit posts - apologise for spell check and las5 sentence - but you get the sentiment
I may of mentioned areas of improvement and negated to point out the obvious virtues of this company.
They have a ‘lift and shift’ approach that is low on capital costs and high in margins. The increasing customer base and country scope with relatively fixed costs will enable GMR to churn out the profits. The only question was how to utilise them best and the vision for the future. If the official figures result in a 7% drop then I am at a loss to say why.
Camcorder turned out a very positive note today. The company simply needs to voice a clear future strategy based other than that there may be sellers remorse in a few days. Let’s hope so.
I wonder if general uncertainty around gambling industry regulations is holding back the share price. Otherwise, it’s a great looking growth share - growing revenues, low cost base, increasing cash pile and anticipated future growth.
To be honest I think investors were looking for more and GMR are not recognising a need to push the boundaries. The figures were as per earlier notification so that alone was not going to get the sp to jump.
What I wanted was a vision of the future. Is there an over reliance on Slingo? What else is in the pipeline?
Have they considered a US listing? Have they considered dividends? With a projected profit of £9.2m and cash balance of £15m next year there is nothing gained by leaving the money static - invest, innovate or distribute.
The down sides are the admin costs and wages and one look at their linked in page makes it look at good place to work and get an opportunity to travel but maybe not so palatable to investors.
Maybe a bit harsh but some truth in the above. They are growing both geographically and client wise but get the sense the market is awaiting something extra. Holding and awaiting analyst reports. All depends on the ambition of the directors
Yep opened the bottom drawer, closed back up again!
GOOD RNS AND MASSIVE SELLS ??
AH WELL ANOTHER YEAR THEN