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.£36.3m
Last close13.25p
High / Low (52 weeks)21.5p / 13.2p
Stock market listingLN
Forecast net cash (£m)1
Forecast gearing ratio (%)N/A
TeamConsumer
SectorTravel & Leisure

Price performance

%1m3m12m
Actual(19.7)(17.2)(35.4)
Relative *(20.6)(20.6)(45)

* % Relative to local index

Other companies in sector Show

Company news

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

Wed, 23 Mar 2016 10:28:48 GMT

Gaming Realms hands control of QuickThink Media to Ayima London

Tue, 07 Jun 2016 14:33:46 GMT

Gaming Realms acquires London-based marketing agency

Wed, 11 Dec 2013 10:00:14 GMT

Gaming Realms steps up promotion of Spin Genie brand

Fri, 02 Sep 2016 10:06:34 GMT

Gaming Realms to launch new gaming sites for Express Newspapers

Thu, 29 Sep 2016 08:06:11 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 10.2 8.1

Last updated on 16/02/2017

Investment summary

Gaming Realms is starting to leverage its 'Slingo' brand in real money gaming as well as social, and via blue-chip licensing deals (Express Newspapers, 'Britain's Got Talent' website etc). Q316 EBITDA was £0.96m (trading update 2 November), moving the group towards its 2016 breakeven target (after an H116 loss of £3m). We believe that Gaming Realms has passed a tipping point in its development and is gathering profitable momentum, with progress becoming clearer with the final results which we expect to be in April.

Last updated on 02/03/2017

Industry outlook

The UK government review into stakes and prizes (due to report in Q1/Q217) 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 02/03/2017

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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