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.£40.4m
Last close14.75p
High / Low (52 weeks)21.5p / 12.5p
Stock market listingLN
Forecast net cash (£m)1
Forecast gearing ratio (%)N/A
TeamConsumer
SectorTravel & Leisure

Price performance

%1m3m12m
Actual18.0(10.6)(28.9)
Relative *17.8(13.2)(38.8)

* % Relative to local index

Other companies in sector Show

Company news

Gaming Realms deals into New Jersey online gambling market

Fri, 21 Apr 2017 07:07:30 GMT

Gaming Realms PLC (GMR) Price Target Cut to GBX 30

Thu, 27 Apr 2017 07:07:30 GMT

Gaming Realms Expects Profit In 2017 As Revenue Rise Narrows 2016 Loss

Thu, 27 Apr 2017 11:37:30 GMT

Gaming Realms hands control of QuickThink Media to Ayima London

Tue, 07 Jun 2016 14:33:46 GMT

Gaming Realms claims industry first with new skill-based gambling title

Tue, 14 Mar 2017 10:41:15 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 11.3 9.0

Last updated on 23/03/2017

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 a 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 04/04/2017

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 before the 9pm watershed. The European casino market is expected to grow at 9.2% to $27.2bn in 2018 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 04/04/2017

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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