- Significant growth opportunity in the US
- Healthy net cash position
Gaming Realms (GMR) shot up to near the top of our latest growth at a reasonable price (GARP) screen, passing all of our tests. Last time around it came in near the bottom of the rankings, having failed our earnings per share (EPS) downgrade and share price (and/or) earnings momentum tests. This makes it a good time to take a fresh look at the developer and licensor of mobile-focused gaming content, which broker Investec argues “is a rare gem in the B2B [business-to-business] gambling space”.
The company listed on Aim back in 2013 after a reverse takeover of tech firm Pursuit Dynamics. Its key asset is the Slingo (a mixture between slots and bingo) brand. The company has created numerous variations of the game, and has a solid pipeline of fresh games. These are developed at studios in the UK and Canada, with around 12 games created in-house each year according to broker Peel Hunt. It has a remote game server (RGS), which hosts and distributes games.