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With GMR stating it will launch in Michigan, its second U.S. State, in May and that it expects to launch in Pennsylvania in 'the first half of the year'.
RNS's confirming these launches could help boost investor interest stateside.
Players in these states should already be familiar with playing Slingo online from their state lotteries so another big growth spirt in H2 to look forward to.
https://www.playilottery.com/instant-games/big-money-slingo/
https://www.ft.com/content/3439d7b0-5999-49e4-acca-30702866e989
Been a wider than usual spread here ever since US listing made public as if there's uncertainty about how to price that in. Will be interesting to see if that US webinar yesterday pulls in any interest. From what I can tell there's very little stock currently available below 90 cents (65p) but I think it'll take time to build momentum over there so I'm not expecting anything to happen overnight. However, if they do manage to pull in any serious investors on the US side things could move rapidly. We shall see. Exciting times ahead imo.
Thanks Surf. And in the meantime Spain, Portugal, Denmark, and more of US. So many opportunities lining up for this little AIM stock. Maybe not so little for much longer.
https://www.prnewswire.com/news-releases/ontario-could-be-the-next-great-online-betting-market-301195834.html
I'm not sure where you're looking. I can see a 1000/2000 which I think is the amount of stock available at current bid/ask. Frankly I'm not expecting huge volume on the first day of trading on a new exchange, but I am very happy with where we are right now.
Get buying today
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New York, New York
If we can make it there
We'll make it anywhere
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New York, New York
https://egr.global/intel/news/gaming-realms-commences-trading-on-otcqx/
Happy days indeed. Don't fancy anyone's chances of getting back in at the low 30's. It's onwards and upwards now we're trading on the top sector of the OTC and this could be a pre-cursor to an eventual full nasdaq listing further down the line if we generate enough interest on the other side of the pond.
https://finance.yahoo.com/news/otcqx-vs-otcqb-vs-pink-171211773.html
It was live before but on the Pink market which is the lowest grade market on the OTC but today it jumps straight up to the top grade market called the OTCQX. Indicates to investors that we are a lot safer to invest in than just being on the Pink market. Big improvement in our standing in the US.
I see they've wasted no time making use of their NY listing by joining this investor webinar under their PINK (OTC) ticker. Should hopefully bring in more US shareholders.
https://www.prnewswire.com/news-releases/live-investor-conference--webinar-esports--gaming-companies-present-on-april-29th-301277820.html
I'm surprised there was no mention of the NY listing in today's RNS. I was hoping to hear what their reason behind it is. I suppose getting into the US gambling market is raising their profile over there and they want to use that exposure to encourage new investors on the other side of the pond. Interesting to see how that pans out.
Well, that was a laugh. Apparently they think 5.4% is a tenth. Wouldn't want them advising me. Have to agree with them about one thing though, this share does look volatile, but not because it dropped back a little today. It looks volatile because it has risen more than 200% in the last four months, and there's a bloody big risk it could rise even further on the next bit of news. So if their advice it to sit on the sidelines, it's only because they failed to spot this opportunity earlier and lost the chance to get in cheap. Maybe if they'd looked up GMR instead of GRM they might be more clued in to what's happening here.
Under 2020 Financial Highlights it also states "Loss for the year significantly reduced to £1.5m"
EBITDA profit is where revenue is higher than trading expenses. But it does not include tax, interest, depreciation and amortisation. If you include those they made a loss.
Companies nowadays always report using EBITDA rather than true profit/loss because it helps investors see the underlying profitability of the company before the accountants start making their adjustments. Shareholders don't care about depreciation etc., they just want to know if revenue is higher than normal expenses, which it is, so we are trading profitably, even though the year end figures show, after accounting adjustments, they made a loss.
But none of that is important. It's all history now and this company is changing at such a pace that last year's figures have little relevance going forward. What I'm interested in is what those H2 figures are going to look like from New Jersey, Penn, Michigan and Italy. That's when the true transformation will take place and we'll have not only EBITDA profit, but a solid bottom line profit from that point onwards.
Year End figures slightly ahead of expectations but surprised they haven't launched in Penn or Michigan yet, although they will in the next month or two. That should transform H2 2021 figures. Sounds like Slingo Starburst is doing very well.