Peel Hunt27 Mar 2018 14:18
Peel Hunt reduced their price target for GMR from 30p to 20p yesterday, probably in response to the short term effect of selling Bingoport.
"Gaming Realms said that while it expects overall EBITDA growth in 2018, the sale of Bingoport will reduce EBITDA in the short term."
I'm more interested in where we are going from here and what the prelims can tell us.
According to the recent RNS, "The Company will announce its preliminary results for the period in early May 2018."
Patrick Southon, CEO, commented: '2017 was a year of significant developments, with the Company delivering maiden positive EBITDA and successfully focusing resources towards real money gaming and licensing our Slingo Originals content to improve margins. The disposal of the affiliate portals marks the completion of this transition, and with further licensing opportunities to follow, we believe that the Company is in line for improved bottom line growth in 2018.'