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Two more chunky buys of £50k and £42k.
Seem to have a steady production line now with games coming out thick and fast and these collaborations come with a built-in audience, ready to try out the new Slingo version of their favourite game. Looking good in GMR land!
https://www.slingooriginals.com/game/slingo-lucky-larrys-lobstermania/
New game
Couple of nice chunky buys just gone through worth £49k.
Dusty, I'm not in RSI so you will know more than me, but seems to have been a few issues with their app which means that have lost ground to Draftking. Apparently RSI did not even have an iphone version of their app when they launched in Illinois and iphone users had to do some kind of workaround using Safari. I don't know if this is the reason for the recent drop in RSI share price, but it may be that our connection to RSI is what has been dragging on the price here too.
Certainly I wouldn't blame a US listing in the RSI drop. They wouldn't have got to $20 in the first place if not for that listing but you still have to perform well.
Not sure to what extent this affects us in the revenue via RSI, but let's not forget GMR also has partnerships with Draftking, Fanduel (Flutter) and BetMGM.
Whatever is going on with RSI, Canaccord are confident enough in GMR to significantly increase their holding just before the results are out so it's clear they are expecting good things here.
GMR seem to know what they're doing and why would they list there if they thought it was a bad move? I think things are just starting to get interesting and looking forward to 27th to hopefully find out more.
fun alocasia I am a little concerned with the us , as an VOD share holder I would see gains in uk only for the us shareholder drag it down . RSI share have dropped from 20 dollars to 12.5 . Do you think this a good move
Eyeing a NASDAQ listing after all?
Here is their OTC US ticker
https://www.bloomberg.com/quote/PSDMF:US
I notice that lanista on the other board says GMR joined the OTC market in the US today.
A few days ago I came across a SEC filing made by GMR on 8th April but it was for an old set of accounts so I didn't know what to make of it buy it seems the significance has now been revealed.
https://sec.report/otc/financial-report/277877
I wonder if there will be any mention of this in the results RNS and what effect it will have.
I do find this very confusing , with all this positive coming out of this company over the last 9 months , changes in a business model, expansion in Europe , Scandinavia and the US markets , with turnover increase dramatically . That the share price has done this over the last week. But i do believe that after the figure next week, will push this share onto the net level . So stay strong and we should rep the rewards .
Motley Fool says City Analysts think this is well undervalued.
"I believe Gaming Realms (LSE: GMR) offers some staggering value at current prices as well. City analysts think annual earnings here will climb around 280% in 2021, resulting in a corresponding PEG multiple of just 0.2. Remember that a figure below 1 suggests that a UK share might be undervalued at current prices."
Some big buys today could explain the drop in price on Friday. Only 8 days to the results and I expect a strong pick up in the SP before then.
Compounding revenue growth, fixed cost base, moving to profit. Definitely sounds like it should be moving to a dividend paying situation. Maybe that’s why the big guys are building a position. Starting to pay dividends should also help share price too so would be win win perhaps if a sale is being considered
Cannaccord increasing their position as they did last week is to me a sign something is afoot. I do find it odd that anyone would sell before YE results on the 26th but everyone’s personal position differs. I still think a sale is likely in the summer at around 65-70p, in fact I think preliminary discussions are already taking place as price/transaction activity in the last two weeks has been rather odd.
The other thing I noticed was the amount of A trades going through, which you might expect with a big drop. But with no valid reason for the drop that we are aware of, could the price have been deliberately walked down to trigger those stop losses and free up more shares?
There's a lot of strange action going on here lately and it smells of positions being taken. I don't think we'll know for sure where that leaves us until the results are out. All we know is this is the sector to be in right now and there's a lot of muscling in and elbowing out going on in this industry at the moment. The games are afoot!
Yea, MMs wanting to buy and not sell seemed like a good sign to me too. I did two things I normally avoid: averaged up and used a negotiated order. Got a few more at 41.5, so already out of pocket on those. Hopefully it was a good long-term move. Come on GMR.
Thanks for the in depth feedback and the link - very interesting.
Maybe I should take advantage of the dip and average up a bit.
Dan
No idea why the big drop today but others here were reporting they could sell as many shares as they liked but only buy £500 worth, so that's a good thing, right? Maybe we'll find out next week what (or who) the mm's have been gobbling up all these shares for.
Of course there's always the chance the results could disappoint, but does anyone here believe that? The American market is going absolutely berserk (see link below) so it's hard to see how we could fail.
Also I don't think that Canadian fund would have just upped their stake if there's anything odd in the results. I would hope a big stakeholder like them would be a bit more clued up than us about what's going on, so if they are happy to add, I'm happy to hold, even if it drops further. We've seen some huge rises lately, so we can afford to ride out a storm or two and see what the results brings.
Of course we all have a diffferent level of tolerance to risk, so everyone should do what they feel comfortable with. I'm just saying what I'm doing, not advising anyone else.
https://www.paonlinecasino.com/11561/march-record-98m-revenue-pa-casinos/
Just not cricket!
The trouble is - it's easy to say 'it's just a shake' - with 2 weeks to go till the results, it's now a game of Russian Roulette.
Does someone know something or not?
Answers and thoughts appreciated.
Dan
Absolutely games going on, MM’s taking positions for impending sale. It does not effect us long holders, but the manipulation that goes on at times to give the tree a shake is so annoying at times. Been having it with another of my positions over the last few days to a much larger extent.
I got an order for £500 worth but not for £1000 when just trying on Halifax
Probably dropped the price for big buys coming in under the table.
I have the same problem ........