Member Info for Bazzaman

Great to have you back on TW. How was Barcelona? I'm still in Crete for another week. Lots of new people posting on TW with differing opinions.

Private punter has a positive view going forward which bodes well for higher SP. Thanks for the link.

Rise this week to new levels.

Great trading update a week early ahead of results in September. Should climb to new highs by then IMO. BOL all.

Yesterday had a great article on the back of the results pushing this SP higher. Great company with acquisitions could bring a re-rating.

Update end of July definitely

And ETO was simply begging to be topped up on - the price sank because a fund sold out. But that wasn't surprising - the fund has held for years and wanted to bank some profit, I would have done too probably if I was the fund! The shares on offer were snapped up anyway. The price will rise again and in the meantime I have still five timed my money and more.

Nice spot & good news, looking forward to results end of July

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)

Investors have been warming to the company in recent weeks and Tuesday's acquisition of remote online gaming operator Roxy Palace for £8.4m can only be supportive of the investment case. The consideration is being satisfied by issuing 10m new 32Red shares at 64p each, or 10.6 per cent of the enlarged share capital, and £2m in cash from 32Red's net funds of £7m at the end of 2014. The new shares being issued have a 12-month lock-in. Roxy generated cash profit of £1.6m on gaming revenue of £10.1m in 2014, so the exit multiple is a reasonable five times cash profits. Moreover, as 32Red's chief executive Ed Ware rightly points out the acquisition fits well with his company's regulated markets growth strategy and will allow the business to leverage the expertise that the Roxy team has built up over many years in international markets to the combined benefit of the enlarged business. Synergy benefits and cost savings are likely to be significant through the cooperative marketing of both company's brands across a number of territories. In fact, analyst Ivor Jones at house broker Numis Securities believes that the net cash profit contribution from the acquisition will be £500,000 in the 2015 fiscal year, rising to £2.5m in 2016 (calendar year-end). On that basis, and after adjusting for the impact of the UK Point of Consumption duty, Numis forecasts that 32Red will deliver pre-tax profit of £5.1m and EPS of 5.9p in the current financial year on revenue of £42.5m, rising to £8m and 8.8p, respectively, on revenue of £55.4m in 2016. That represents a thumping 28 per cent upgrade on Numis's previous 2016 EPS estimate and is enough to warrant Mr Jones revising his target price on the shares up by a third to 120p. On the basis that the shares are currently being rated on only 10 times fiscal 2015 cash-adjusted earnings, falling to seven times 2016's likely cash adjusted earnings, I can see ample scope for the re-rating to continue especially as 32Red is proving to be a highly profitable operator in the new regulative regime. It's also worth noting that Mr Jones expects 32Red's board to declare a dividend per share of 2.5p this year and 2.75p in 2016, so the prospective dividend yields are 3.7 per cent and 4.1 per cent, respectively. Trading on a bid-offer spread of 66p to 67.5p, I rate 32Red's shares a decent buy and have an upgraded target price range of 90p ahead of the company's first-half trading update on Wednesday, 22 July.

to square one & potential buying opportunity. http://www.lse.co.uk/AllNews.asp?code=x06f0f08&headline=Marwyn_Sells_Part_Of_Entertainment_One_Stake_For_GBP87_Million_ALLISS

is ex-dividend day & SP holding up well

is ex-dividend day.

Yes, I managed a top up earlier today at sub 70p. BOL.

Closing price was 372.1 BOL.

Interesting, I'll keep an eye on them. Don't like the 21% spread between buy & sell as normally 5% would be my limit. Thanks for mentioning.

Thanks I'll take a look.

Last year they gave their Q2 results update on 15th July & their interim results in September. I would expect their Q2 results about the same time as does ST at IC - see the link from 23rd June. http://www.investorschronicle.co.uk/2015/06/23/comment/simon-thompson/a-triple-play-of-small-cap-value-picks-mKL5uo7007wFEl4AvloGSP/article.html We will have to wait another few weeks for Netplay's second-quarter trading update, but with the company revealing in its full-year results in March that its strategy to enhance returns from existing customers through better retention rates and higher spending is working, and new player acquisition and marketing spend is more selective, then I believe we can expect a performance inline with analysts' estimates. Mr Lapping certainly would not have been buying if the company was underperforming.

You're welcome. INL goes ex-div on 9th July 0.3p per share. BOL.

Check out his website nakedtrader.co.uk