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The downward trend continues, very frustrating. Jus topped up at 31.5p
im not liking this slip when things should be goin the other way
Waynesmith,
Not for long, just under exposed. Everything is absolute right with this company. Keep positive. Wouldn’t want to be out of this once exposure and sentiment starts to pick up. Slowly, but surely, its going to get there.
Well we seem to be goin the wrong way to your £1
I’ll be over the moon if this hits £1!
Worth another top up pay day me thinks or when Tesco’s Scorpion dividend hits the mat
Or dual listing. Lots of routes to £1+
Would be surprised if this doesn’t hit £1 by end of this year either by organic growth or Take over offers.
https://www.alignresearch.co.uk/gaming-realms/gaming-realms-record-year-expected-2020/
Gaming Realms: Peel Hunt reiterates buy with a target price of 40p
If we keep an MC of over £100 Mill and even a hint of a Divi in the current year then we will generate publicity and be acceptable to a lot more II's and PI's some of which only invest in Divi paying companies with over £100 Mill MC.
All adds fuel to the SP though. I rather like the idea of a US float - could be quite exiting!
pironi...yes I agree but companies dont care much for the small investors. The Directors here will do as they want and if they get a good offer that suits them and the big investors they wont be asking you and me
Possibly but I think bigger payday would be in us float.Time will tell I guess.
Very little chance of take over? U must be joking! All the U.K. gambling sites have had offers. The tech here is brilliant and the slingo is the big driver. I reckon at least 5 hedge funds have had a look
Thank you dusty. Very well explained. I to do not want a take over - I'd like to see how this goes. Thanks again.
I think there is very little chance of them being taken over.Assuming goes well in America,then they will be looking to float in the US which will give a significant pay day for directors.
Statement on 8th Dec
Revenues for the Period are expected to be £10.7m, 55% ahead of 2019. As a result of this increase in revenue, the Company expects adjusted EBITDA of not less than £2.75m for the year ended 31 December 2020.
Actual YE Figures
The Company is pleased to announce that it expects FY20 revenue and adjusted EBITDA* will be c .£11.2m and c.£3.1m respectively
So, the company made an additional ½ million in revenue of which 350 thousand turned into profit.
Also, if we look at Sep Interim data
The Company grew revenues 66% from £3.1m in H1'19 to £5.2m in H1'20. The Group's revenues generate high margins, and in combination with a relatively stable fixed cost base, resulted in Adjusted EBITDA growing from £(0.1)m to £1.24m. Adjusted EBITDA margin for the Period was 23.9%
So the company made 6 million in the last 6 months, of which 1.9 Million is EBITDA
Now if we look at the above, they have a rough overhead cost of 35% after which all the rest is EBITDA , so I think if the lockdown carries on and with the rollout of US , we will be in the region of around 6-7 million EBITDA , so this company will be a very cash rich company we hope will pay some of that profit to the shareholders in dividends or which I do not want is a good company to purchase by someone .
If the record December figure includes the £1.5 Mill proceeds from the River UK sale then licensing revenue will be some 50% up on last year? To be frank I was expecting a higher figure. Not complaining - just curious.
Record month in December and significant opportunities ahead.
Gaming Realms Plc
(" Gaming Realms", the "Company" or the "Group")
Pre-close Trading Update
Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused gaming content, announces a pre-close trading update for the full year to 31 December 2020 ("FY20").
The Company is pleased to announce that it expects FY20 revenue and adjusted EBITDA* will be c .£11.2m and c.£3.1m respectively. This reflects a record month in December due to the Company's content licensing business, which has continued to go from strength to strength. It grew by over 100% during FY20 - launching with 26 new partners, including Tier 1 operators DraftKings in the U.S., as well as Sky Betting and Gaming and PaddyPower Betfair in the UK and Europe.
The positive momentum reported above has continued into the start of FY21, with the Company recently announcing the launch of its Slingo content in Italy with both Goldbet and Sisal.
The development of the Group's US strategy has continued into the current year, with the signing of a number of key contracts in the US, including a multi-state contract with BetMGM to provide content through a direct integration. In addition, the Company has been granted a provisional supplier licence by the Michigan Gaming Control Board, which will allow all Slingo Originals content to be provided to Michigan's licenced online casino operators. This licence, alongside the Company's existing New Jersey licence, will further strengthen Gaming Realms' US operations, where it is continuing with the application process for a licence in Pennsylvania.
The Company expects to report its FY20 Preliminary Results during the week commencing 19th April 2021.
Michael Buckley, Chairman, said:
"We are delighted with last year's performance, which illustrates both the popularity of our games and our ability to licence multiple different partners. At the same time, we have taken a significant step forward to becoming a global platform business with multiple games, all of which is testament to our talented and motivated team. The combination of our excellent games portfolio, our existing distribution agreements with global partners and our strong pipeline of new partnerships, makes us optimistic about the significant opportunities ahead as we focus on our continued expansion and international growth."
Think LSE missed it but should be fireworks today.