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I confess I know nothing about Gaming. However, I looked through the Investor Presentation charts which were very positive showing growth every half year since 2017. More importantly, I reviewed their finances and noted that their current assets exceeded ALL liabilities - there is deep value here. Moreover, they appear to have bags of cash (£30M?).
Seems a no-brainer to me so I marginally topped up.
TRADES
something a foot
Thanks for explaining @redjester, yes I don't gamble so that's why I asked, will have another look at them then. @GingerHippo, you are correct, I didn't, simply because I didn't understand how a 2000 looking flash game has any attraction.
Have been with this company a while now, great to see the growth and progress. Glah and dyor
Lemonade311 you've got a point but it's what the people want . I'm guessing you're not a big online Bingo player haha. There are a few where the graphics are a bit better (money train, centurion, carnival) but for the most part it's the basic, retro-looking games that do best. Most of our slingo games are made in partnership with the other big slot companies and they are combining their best games with slingo. It's just funny because their best games look crap. Cleopatra, Davinci Diamonds or Starburst are ancient and look exactly like you describe, but are 3 of the best performing slot games ever. Or they are things like Monopoly, Tetris, deal or no deal, Britain's got talent and other brand partnerships that will appeal to people of a certain age. Our target market is people who like Bingo. Whatever site you went to look at the slingo games, if you look at their bingo section it will be a similar style.
Lemonade you obviously didn't look very far because they mainly make casino type games, which are sold B2B, not direct to retail.
lemonade- the answer is there is no accounting for the tastes of the masses - just look around you - crazy people buying ****e all the time, mostly from china and destined for landfill.
why do people play these **** games this company produces? i had a look into this company and it's games like space and invaders and it was like pre-2000 flash games lol, absolute dog **** quality games, doesn't even look fancy like slot machines at the casino.
i don't get it unless someone wants to fill me in.
The Shares mag article obviously got some traction with over 200 reported trades. The last one reported from earlier in the day somewhat intriguing :
25-Apr-24 11:55:33 34.75 1,500,000 Unknown* 35.80 36.40 521.25k O
Sorry it was Shares mag
Tipped in Shares Magazine today as well
Nashwan123. Is there a link to an article? Had a quick look but wasn't able to find anything?
Investors Chronicle urging punters to look into Gaming Realms before the market catches on!
Brave browser removes all the cr@p.
I had difficulty posting too. Way too many adverts on this site now. Overkill which affects usability and is just annoying.
Exactly what I just tried to post about but my message got wiped!
Maybe the missing piece of the puzzle I was looking for. This apparently has been in the public domain since 4th April. I think considering the timing it was remiss of GMR management not to officially call this out in writing or via the presentation. Maybe it is all played out but a level playing field would help!
Seller doesn't have to file a holdings RNS until they've finished selling and only if holding is over the 3% threshold. Could be an II or an ex employee possibly?
Interesting to see how this plays out...
Gaming Realms is suing a company set up in 2020 by two of its ex-employees (Philip Halston and Dan Lamond) for IP infringement, saying "the similarity of the products and the background code gives an inescapable inference of copying".
https://playrogue.com/
https://caseboard.io/cases/cb79884f-5573-4476-b419-26bf2d4600cd
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.
YEH some one unloading big
There must be something out there I haven’t seen. A tip to take profits or a fund reducing. Frustrating on the back of good numbers but it is always good to be aware of trade momentum and currently it is concerning. Anyone any info?