Gaming Realms Share Price (GMR)

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.