Operates a multi-branded strategy, using a combination of its proprietary and licensed software to provide online bingo and slot gaming and a social gaming mobile application.
21-Nov-2017 – 256p – £184.5m – PER 12.5
Audited Results For The Year To End August 2017 – “A transformational Year driven by strong growth in Real Money Gaming” – I can’t work out from this report if this is a good update or not, it’s just so confusing.
This is in the “too hard for me” pile for now.
1-Feb-2018 – 230.05p – £167.1m – PER 9.98
AGM Statement – “Positive trading momentum and continued strategic progress”, in-line with the Board’s expectations.
Not enough to get me interested at this stage, will wait for updates with figures.
23-May-2018 – 202p – £153.1m – PER 8.47
Interim Results For The 6 Months To End February 2018 – Revenue up 14% with Profit After Tax up 114%, Adjusted EPS down -7% and Basic Profit up 113% from -£15.3m to £2.0m.
Just way too confusing for me, I remain Neutral.
21-Nov-2018 – 125p – £94.8m – PER 6.83
Audited Results For The 12 Months To End August 2018 – Revenue up 8.7% with Loss of -£5m versus -£25m last time.
I was Neutral as this was in the “too confusing for me pile” – It’s now going on my Avoid list (easier shares out there for me to understand).
6-Feb-2019 – 102p – £77m – PER 6.4
AGM Statement And Trading Update – Trading broadly in-line against challenging conditions.
Remains on my Avoid list (easier shares out there for me to understand and have faith in).
Subsequent note: Takeover at 151p by Rang Group.