Member Info for redjester

Could really use a trading update to give an idea of the revenue from these white label sites. Rolling them out on slingo is great with the rest of the recent deals. Would a lower share price in the short term be an advantage while they pay down that debt, decentivizing jackpotjoy from converting it into stock?

Seems like there was a couple of deals over the last 12 months that didn't get an RNS or much of a press release. Maybe with the share price getting so ridiculous the board made a decision to start trying to pump it up a bit more by announcing everything.

yeah you're right. I just checked their site and they have 'Big money slingo' anyway. Cheers

Interesting. I hadn't spotted that. The Ladbrokes deal makes all sorts of sense. GMR make slot games targeting softer slots players/bingo players. Ladbrokes, Coral and Gala give huge exposure to the UK Bingo market. Also making the games more recognizable to that audience. AAAAAAAAAAAAAnd there's the 'exclusive for a few months' part. That probably means a better rev share deal than some previous ones.

This is great news. Like he said on the call, the ground work is done so if they continue adding sites like this it's mostly going to the bottom line. This deal is much better than the golden nugget deal. William Hill could be next as they are on the Gameiom platform already.

Other than a complete lack of interest apparently ha.

reading that back it sounds like I'm saying you're wrong. I'm assuming I'm wrong but don't know what I'm missing ha. I start buying at 12p, kept buying all the way to 7 and all the way back up so I'm happy to sit here debating 30p to 50p all day ha

Can I ask, are you saying that because you think the 30p target was correct and then the recent news increased the value by 60%? I tried to get to that 30p based on what was available at the time and couldn't figure out how he got to there. I'm not sure how to value a company that's been negative eps for years and has so much intangible assets. I'm getting my guess by comparing peers and trying to work backwards. i'd really appreciate the help. Does anyone have a link to that analyst report? I read it a while ago but can't find it now.

I've been learning to invest for <6 months and this is one of 2 companies I'm in so take this with a pinch of salt. I'm also obviously guessing at 2017's rev and the full impact of the recent rev share deals. I think 20p to 30p, bringing the mkp to under 100m isn't being too overly optimistic. Stride is about 150m at the mo. Their rev grew a lot faster than GMRs but it's a not as stable, and they have a lot more debt. I think the price will tip along up to 20p ish until the results are released and then there might be a jump to 30p or higher depending on if 2017 was +Net Rev and by how much, but I don't think any of these announcements would justify the price skyrocketing. Some clarity on their actual revenue impact for q1 would be nice when the results come out. Like I said, I'm new so if I'm missing something obvious it would be great if you let me know.

Yeah they could be clearer with the impact of these. Marketing-wise, maybe, but I'm not too worried about their marketing budget tbh. These guys are actually marketing pretty cleverly to their target audience through some of these deals. Deal or no deal, xfactor etc. My concern with them is that the white label sites they created for those brands are awful. But still, deals like that add rev for GMR and hand the marketing and retention spending over to someone else. Leaving GMR to move on to the next one. They need to stick to what they are doing well, which is slot games. They have done the heavy lifting already with their current portfolio and their games platform. If they continue to sign deals like this they will grow but it's slowly adding incremental revenue as the integration work for each of these deals is completed and they free up resource for the next one. Then releasing slot games which gets more profitable each time as more sites are integrated and it's launched to a wider audience. I'm very optimistic about their future, but I think it will be a bit slower than it might sound from the recent news. Comparing them to JP Joy is a bit hazy as well. They're completely different revenue models. Sites require a lot of marketing spend to keep customers and bring in new ones to replace ones they lose. Game providers develop as many good games as they can and integrate them with as many sites as possible and then sit in the cut. If the industry does well, they will. Stride gaming is a good comparison I think. I think it's overvalued and GMR is under but side by side if strides mkp is to be believed GMRs is beyond me.

Am I reading this wrong or are the results not good? I'm surprised it didn't have an affect on the price. Any ideas?

A lot of good news lately and we're shaping up well for 2018, but I think people are overreacting to some of these RNSs. This GN deal is good, but this should be BAU for a games developer. It's great to see some more of these deals come online but we should keep them in perspective. The NJ market made $19m in Dec, and GN got $6m of that. Assuming all of that rev came from slots, which it didn't, there's currently 400+ slots on their site. This adds 7 or 8 slingo titles. There are 24 slots in the new games tab with the 7 slingos. So less than 2% of the GN games are GMR slots, we're probably on a 5-10% rev share deal, so this is less than 10k a month being very generous.