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Started: lawdoc, 13 Jun 2024 10:55
Last post: lawdoc, 13 Jun 2024 10:55
I confess I know nothing about Gaming. However, I looked through the Investor Presentation charts which were very positive showing growth every half year since 2017. More importantly, I reviewed their finances and noted that their current assets exceeded ALL liabilities - there is deep value here. Moreover, they appear to have bags of cash (£30M?).
Seems a no-brainer to me so I marginally topped up.
Started: Waynesmith, 28 May 2024 11:51
Last post: Waynesmith, 28 May 2024 11:51
TRADES
something a foot
Started: lemonade311, 4 May 2024 14:18
Last post: Troajan, 27 May 2024 10:16
Thanks for explaining @redjester, yes I don't gamble so that's why I asked, will have another look at them then. @GingerHippo, you are correct, I didn't, simply because I didn't understand how a 2000 looking flash game has any attraction.
Lemonade311 you've got a point but it's what the people want . I'm guessing you're not a big online Bingo player haha. There are a few where the graphics are a bit better (money train, centurion, carnival) but for the most part it's the basic, retro-looking games that do best. Most of our slingo games are made in partnership with the other big slot companies and they are combining their best games with slingo. It's just funny because their best games look crap. Cleopatra, Davinci Diamonds or Starburst are ancient and look exactly like you describe, but are 3 of the best performing slot games ever. Or they are things like Monopoly, Tetris, deal or no deal, Britain's got talent and other brand partnerships that will appeal to people of a certain age. Our target market is people who like Bingo. Whatever site you went to look at the slingo games, if you look at their bingo section it will be a similar style.
Lemonade you obviously didn't look very far because they mainly make casino type games, which are sold B2B, not direct to retail.
lemonade- the answer is there is no accounting for the tastes of the masses - just look around you - crazy people buying ****e all the time, mostly from china and destined for landfill.
Started: ijr1, 13 May 2024 08:38
Last post: ijr1, 13 May 2024 08:38
Have been with this company a while now, great to see the growth and progress. Glah and dyor
Started: Alocasia, 19 Apr 2024 08:25
Last post: nashwan123, 26 Apr 2024 00:47
The Shares mag article obviously got some traction with over 200 reported trades. The last one reported from earlier in the day somewhat intriguing :
25-Apr-24 11:55:33 34.75 1,500,000 Unknown* 35.80 36.40 521.25k O
Sorry it was Shares mag
Tipped in Shares Magazine today as well
Nashwan123. Is there a link to an article? Had a quick look but wasn't able to find anything?
Investors Chronicle urging punters to look into Gaming Realms before the market catches on!
Started: nashwan123, 9 Apr 2024 15:43
Last post: Taser, 17 Apr 2024 17:51
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?
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
Started: ElijahRoberts, 10 Apr 2024 15:32
Last post: ElijahRoberts, 10 Apr 2024 15:32
What an opportunity to buy on the dip today. Growth shows no signs of letting up and cash continues to build.
Started: Fishinggardener, 2 Apr 2024 16:31
Last post: Taser, 3 Apr 2024 17:25
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!
Started: Waynesmith, 2 Apr 2024 08:08
Last post: Taser, 2 Apr 2024 16:06
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!
Started: Fishinggardener, 6 Feb 2024 18:25
Last post: Taverham, 2 Apr 2024 07:30
RNS indicates huge grwoth and growing cash pile with more to come this year. Sp should rise around 10^% imv.
Full year 23 results in the next 2 weeks. So expect the mm to drop the price before then. I will have a lovely top up if they do. Results will be great again, just look at the last rns. Dyor and glah
Nice mention ii.co.uk 5 Growth AIM stocks to follow.
Fishing excellent assessment in your post. I recommended this share at 11p! It did move up well but has stalled these past couple of years. I expected the SP and market interest to have blossomed once the US States began to deregulate their gambling laws.I.m also surprised that a competitor hasn’t seen fit to take them out and benefit from the accretive profits and business.
I will wait for April results and hope for signs of a dividend or will look to make my money work elsewhere.
GMR mention at 1:01:30
ttps://www.voxmarkets.co.uk/articles/hot-stocks-on-vox-markets-0149557/
Started: TruroTrader, 12 Jan 2024 09:35
Last post: TruroTrader, 6 Feb 2024 17:19
Fully agree nashwan - I posted re this on the 12th of Jan. As I said even a token would do but with £7 Mill in cash there's no reason really why it can't be done.
Would be nice to see a dividend declared with the finals in April.
Bought another £3k - bargain imv.
I think if you look back on the H1 interims the expectations were set slightly higher if taking the percentage improvements to revenue etc on face value for that period
The smart money will arrive, once people understand these "Cloud Capitalists" are rockin'it.
Started: pommefrite, 6 Feb 2024 10:25
Last post: pommefrite, 6 Feb 2024 10:25
To get this SP moving
Started: Waynesmith, 24 Jan 2024 07:26
Last post: BoardsOfUK, 2 Feb 2024 15:39
.... Exciting ...
Always good to have a Friday tune ..... "Another Dimension" https://www.youtube.com/watch?v=qORYO0atB6g 🚀 ⚡⚡🤖
As much as I like it jumping up pre update it does leave a rather bitter taste.
Hope so this has been in my bottom drawer for a very long time!
A 1.3 million purchase. Hopefully a positive indicator for a Monday announcement
Not long now I hope 🤞
Started: pommefrite, 11 Jan 2024 19:40
Last post: mqshed, 12 Jan 2024 08:19
I think we’ll blow through 40p once this highly profitable, cashed up business starts paying dividends.
When oh when are we going to smash 40p?
We were flying in September...
Started: PensionDeficit, 21 Dec 2023 10:34
Last post: Nobull, 3 Jan 2024 12:40
Offering a new line of business that may change the future eps numbers is not share price sensitive news, so we don't need to be told by RNS about the launch of a new game.
If it is a new money spinner, we will be told (or the broker will update the forecasts on new guidance), possibly when there is evidence that it is, not in advance that it might be.
Blimey does this company still exist
Lol no coms
Started: BoardsOfUK, 12 Dec 2023 16:12
Last post: BoardsOfUK, 12 Dec 2023 16:12
Both Slingo Tetris & Space Invaders are launched and live as indicated in previous RNS. https://www.slingo.com/slingo/
Bodes well for trading announcement in early Feb 2024.
Started: BoardsOfUK, 5 Dec 2023 08:51
Last post: BoardsOfUK, 5 Dec 2023 08:51
News of Tetris & Space Invaders Slingo's must be imminent.
Started: PensionDeficit, 1 Dec 2023 07:10
Last post: PensionDeficit, 1 Dec 2023 07:10
Well worth a read
https://www.theguardian.com/society/2023/nov/30/record-revenues-at-uk-gambling-firms-amid-rise-of-online-slot-machines
Gaming Realm's global client base is a key USP
Started: Waynesmith, 16 Nov 2023 22:26
Last post: BoardsOfUK, 20 Nov 2023 08:21
AIM down 20% in one year. Think everyone's hunkered down in 5% gilt bonds and treasuries until the multiple S**t Storm blows over & over ......
So risk vs no risk ? Doesn't matter how good you appear to be.
Big sell off
I thought these guys where doing well
Started: JadeRaymon, 3 Nov 2023 11:11
Last post: JadeRaymon, 3 Nov 2023 11:11
Oh well, I hope it will be better in the future
Started: ijr1, 3 Apr 2023 09:09
Last post: Waynesmith, 26 Oct 2023 17:23
£17k buy some one knows
Not so nice at the moment. Consistent selling over last few sessions dragging from 38 to 32. Quite a retrace on no news
This share has done excellent .Wished i kept me cant win them all .
I sold out back a bit silly me
But back in it’s a no brainer
Yes, great interims. And exciting to have the launch of "Tetris" and "Space Invaders" in the near future. These games should take GMR to a different planet. The planet "Wonga".
GMR .. A*****👌👌👍
Started: PensionDeficit, 3 Oct 2023 12:38
Last post: PensionDeficit, 3 Oct 2023 12:38
Started: BoardsOfUK, 12 Sep 2023 16:21
Last post: BoardsOfUK, 12 Sep 2023 16:21
The power of Tetris & Space Invaders will soon be upon us.
Fasten your space belts earthlings....! "Another Dimension"....! 🚀 ££££££££
Started: Waynesmith, 12 Sep 2023 08:41
Last post: midastrades, 12 Sep 2023 08:51
Got into this at 25p. Still very positive on it. CEO says no offers on the table right now. Focus next 12 months is going to be developing the markets where they already have presence - e.g. partnerships. Big growth factor is going to be whether more US states are able to regulate.
This could be bought out soon
Some big money moving in
Last post: Discus1, 15 Aug 2023 08:47
Bought a few after doing my homework - directors buys the final confirmation. They seem to be doing things right.
Encouraging director share purchases.
Decent purchase by ned announced and sp should climb above the price he paid imv.
At least they have skin in the game! Probably add on any drop back (under 30 for me).