Gaming Realms (GMR)

Business description

Gaming Realms creates and publishes innovative real money and social games for mobile, with operations in the UK and US.

Stock data

Market cap.£43.2m
Last close15.75p
High / Low (52 weeks)24.8p / 15.2p
Stock market listingLN
Forecast net cash (£m)1
Forecast gearing ratio (%)N/A
TeamConsumer
SectorTravel & Leisure

Price performance

%1m3m12m
Actual(13.1)(19.8)(35.7)
Relative *(11.4)(19.6)(38.6)

* % Relative to local index

Other companies in sector Show

Company news

What's Next for Gaming Realms PLC After Today's Huge Decline?

Wed, 30 Nov 2016 19:05:54 GMT

Gaming Realms plc (GMR.L)

Thu, 01 Feb 2001 00:00:00 GMT

Gaming Realms Wins Award For Mobile Casino Product Of The Ye

Fri, 02 Dec 2016 08:02:00 GMT

Today, Gaming Realms PLC (GMR) Stock Rating Reaffirm by Peel Hunt

Thu, 01 Dec 2016 19:57:31 GMT

Gaming Realms PLC licenses 90-ball bingo game to New Jersey operator

Wed, 23 Mar 2016 10:28:48 GMT

Y/E Dec Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2014A 11.2 (7.8) (8.4) (5.0) N/A N/A
2015A 21.2 (4.1) (5.0) (2.1) N/A N/A
2016E 35.5 0.0 (2.0) (0.7) N/A N/A
2017E 54.3 6.0 4.0 1.3 12.1 9.6

Last updated on 16/11/2016

Investment summary

Gaming Realms released a positive Q316 update on 2 November. Real money and social/licensing revenue more than doubled and there was a maiden EBITDA profit of £0.96m. 'Slingo' has successfully crossed over from social to real money gaming and is attracting blue-chip licensing partners. GMR needs c £2m of Q416 EBITDA to achieve its 2016 break-even target and £/$ depreciation is unhelpful for US development costs. However, we believe that GMR has passed a tipping point in its development, with the next few months an important proving period.

Last updated on 29/11/2016

Industry outlook

The UK government review into stakes and prizes (due to report late Q117) is expected to mainly focus on FOBT machines in betting shops. Possible tighter restrictions on gambling advertising could affect GMR but would be more relevant for bingo-led TV advertising pre the 9pm watershed. The European casino market is expected to grow at 9.2% to 2018 (to $27.2bn) with mobile a key driver. The extension of POC gaming tax to 'free play' from 1 August 2017 is already in our forecasts.

Last updated on 29/11/2016

Key management

Patrick Southon, CEO
Mark Segal, CFO

Company address

44 Southampton Buildings
London
WC2A 1AP
United Kingdom
0845 123 3773
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