Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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..on the 24th of this month
Another gambling stock with strong growth prospects is 32Red. The online casino operator plans to snap up its weaker rivals who are struggling to pay the Point of Consumption tax and, in line with this, recently announced the acquisition of Roxy Palace Casino. The deal increases its share of the UK market and gives it a presence in the Netherlands and the Nordics. A running Shares Play of the Week, 32Red achieved a 22% rise in net gaming revenue to £18.6 million in the first half. The £58 million cap is highly cash generative and it’s using this to increase its marketing spend, pay dividends and make acquisitions. 32Red has a 2015 PE ratio of 11.9 and a forecast dividend yield of 3.4%. Numis reckons the share price could grow by 70% from 70.5p to 120p.
Haha, as I say below I already hold some, so overall I'm glad to see the rise. Just ruing a missed opportunity. I'll keep an eye on it and top up if it falls back towards 65, otherwise I'll be content to see my existing holding here rise.
Don't think about it too much Dommo...it's not too late!!! Jump on board for the ride!!
...today's rise adding to my self-kicking woe. Is today's rise perhaps reflecting market speculation that TTR could get snapped up in the current gaming industry M&A frenzy? Or just a return to sanity?
Hi Bruce I already hold some, bought at quite a nice price, (albeit a bit more than 55p), having done initial research and concluded that this is a good one. But then the SP dipped to 55 recently on the back of general market panic, nothing about the company had changed to suggest it was no longer a 'buy', a little voice in my ear was saying 'fill your boots at this price' but another slightly louder voice was saying 'what if this is just the start of a three-year bear run?' Which of course it may yet be, but I could have made 15% to 20% just on a 2/3 day trade if I had just trusted my instincts. As you say though, we've all been there, and everything is of course easy with hindsight or a crystal ball. Also as you say, this is still an excellent buy at this price.
Ah..Dommo...we've all been there...I can feel your pain, but it is not too late to invest in this company even at this price. It is only going to go up in the next year. It took me a while to get into the habit of investing in quality companies and thinking long term. Come back to 32red in 3 years and you will be regretting not investing at 68p.
"Am I brave enough to convert cash into shares (in any company) at the moment...?" Well, I wasn't. Fear is an infectious thing, and a sea of red across my portfolio deterred me from relinquishing any cash at that point. At the when I wrote that, the SP was 55. As I write this three days later, it's about 65. Damn, damn, damn, damn.
Debt free Profit making with growing profits Cash generative Strong operating model Looks like a bargain to me at this level. Am I brave enough to convert cash into shares (in any company) at the moment...? Warren Buffet probably would.
Any news on thos going south!
Why the sudden drop
and always chance of takeover Bid
Fab start to the week, 80's soon i think.
a nice earner for mr hale and share price holds up
Brill!!
A very positive RNS resulted in a 1% rise - must have been priced in during the build up to the RNS (as usual). I for one am happy to stay for the long term here. Revenue up, customers up, new acquisition to bed in. What more can one ask for?!
on why nearly 5% down today on such a positive trading update? Is this just a classic 'sell the news' sell-off?
Can come true!
This Wednesday coming...
Great start to the week! Long may it continue!
but This and motif both getting to £1.00
Next stop please on this..
Knew this Company was a little star but as with all AIM stocks you never know. Can't hide the fact that I'm mega chuffed with the recent share price improvement and the obvious momentum. Great company with cracking prospects!
well its all good news here, Ed must be very happy
We’re sticking with our bullish call on 32Red (TTR:AIM) following the online casino operator’s £8.4 million acquisition of Roxy Palace Casino on 14 July. The deal, funded by £2 million in cash and the issuance of 10 million shares, increases 32Red’s share of the UK market, where it plans to take over weaker rivals who are struggling to pay the Point of Consumption tax. Synergies from the deal should offset the impact of the new tax, but chief executive Ed Ware says this didn’t drive the acquisition. He says Roxy is a similar business but on a slightly smaller scale, which makes it very digestible. It is also based on the same Microgaming platform which should make the integration of the business smoother. ‘In terms of geography Roxy’s main market is the UK but it also operates in Holland and the Nordics which gives us a little bit of international seasoning,’ says Ware. Numis has boosted its 2016 earnings per share forecast by 28% to 8.8p and increased its target price from 90p to 120p, implying upside of 81%. The potential for double-digit earnings per share growth and a prospective dividend yield of 3.7% make a strong investment case. (EP)