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32Red

September 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • TTR
  • Price:
  • 127p
Ahead of reporting on 21 September, 32Red reported net gaming revenue of £30.4m for H1 16 (H1 15 £18.6m). This represents growth of 63% including a first time contribution from Roxy Palace, which was acquired in July 2015 – excluding that, organic growth was 32%.By segment, core casino revenue grew 24% to £21.2m, Italy by 33% to £1.1m, and Other by 223% to £2.3m (predominantly its sportsbook, run by Kambi). Roxy Palace reported revenue of £5.8m. Mobile remained the fastest growing platform both in terms of new player recruitment and revenue, growing by 45% and now representing 50% of total 32Red Casino revenues.Net gaming revenue in H2 (up to 27 July) is down 2% year-on-year but refle ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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