32Red plc, the award-winning online casino, poker and bingo operator was established in 2002 and listed on the London Stock Exchange governed Alternative Investment Market (AIM) in 2005. 32Red is licensed and regulated by the Government of Gibraltar, where the Company's entire operations are located.
32Red was founded by Ed Ware, who left his position as Managing Director of Ladbrokes International in 2000 to pursue his vision of an independent, specialist online casino. Backed by friends and associates and a good deal of personal financial commitment, Ed and the talented management team he has assembled have grown 32Red from a start-up venture into one of the industry's most respected operators.

Since inception, all 32Red operations (including marketing, customer support, IT, maintenance of customer accounts and payment processing) have been managed from offices in Gibraltar. The Company's servers host MicroGaming casino software which is used to generate all casino game play and to maintain customer accounts. 32Red's Poker activities are offered through the Prima Poker network with customer support and account maintenance managed in-house by the 32Red team in Gibraltar.

32Red currently employs circa 40 people. The Company enjoys a young and vibrant culture where senior managers are in touch with the needs of the players and those charged with delivering the 32Red philosophy at the sharp end.


http://www.32redplc.com/

Final results for the year ended 31 December 2012

http://www.32redplc.com/investor-centre/publications/32RedPreliminaryResults2012.pdf

4 Jul Numis 100.00 Buy


Consensus recommendation

As of Jul 05, 2013, the consensus forecast amongst 2 polled investment analysts covering 32Red Plc advises investors to purchase equity in the company. This has been the consensus forecast since the sentiment of investment analysts improved on Dec 01, 2008. The previous consensus forecast advised that 32Red Plc would outperform the market.
.
-------------------------------------------------------------------------------------------



Special dividend

RNS


RNS Number : 5624I

32Red Plc

04 July 2013






32Red Plc

("32Red" or "the Company")

Board approves special dividend of 2.50p per share

32Red Plc is pleased to announce, that on 03 July 2013, the Board of Directors of the Company approved a special dividend of 2.50 pence per share.



Timetable Details:




Ex Div Date

10 July 2013


Record Date

12 July 2013


Payment Date

2 August 2013




4 July 2013

Strong buying today.

32RED (LON:TTR)

32RED, the online casino operator, has announced that following a hearing held before the High Court on 10 June 2013, a costs order has now been made in 32RED's favour in respect of its trade mark action against members of the William Hill Group. Along with the damages award itself, 32RED expects to receive payment of approximately £1.1m from William Hill. William Hill have made an interim payment of £0.8m and the balance (plus interest) will be due once the precise amount has been determined in an assessment. This award marks the end of four years of litigation that has seen all of 32RED's trade marks validated in the High Court and the removal of an infringing site from the market. The Board has also approved a special dividend of 2.5p per share.



http://www.proactiveinvestors.co.uk/columns/hybridan-small-cap-wrap/13503/this-week-wins-for-32red-and-netplay-and-contracts-for-driver-blur-and-prometic-13503.html

IC view of this share - 'Strip out the current cash pile, and that earnings multiple falls to just 8.4 times this year's forecasts, dropping to a bargain basement 6.6 times 2014 earnings estimates. That valuation is not only anomalous, but with an upbeat pre-close trading update likely later this month, there is an obvious catalyst for an immediate re-rating.'

Post Close Trading Update

Underlying Performance


Overall performance reflects the continued excellent trading at the Company's flagship operation, the 32Red Casino, underpinned by a continued focus on delivering a superior customer service:-



· Gross Win (revenue) £16.9m, up 17% on H1 12

· Active casino customers of 42,455 up 34% on H1 12

· Casino player yield £398 (H1 12: £457)

· New Casino players 17,459 (H1 12: 18,724)

· Casino cost per acquisition: £159 (H1 12: £166)



http://www.moneyam.com/action/news/showArticle?id=4634194

Simon T - From IC today -



Game on

Aim-traded online casino operator 32Red

(TTR: 55p) delivered a robust trading update last week ahead of interim results on Thursday 12 September. The Gibraltar-based company operates eight websites including casino sites 32red.com; nedplay.com, goldenlounge.com and dashcasino.com.

In the six-month period, 32Red’s casino revenues rose 14 per cent to £16.5m, total revenues hit a record of £19m, and active casino accounts increased a third to 42,500 customers after 32Red recruited 17,500 new players. Importantly, acquisition costs for these new recruits were kept in check at £159 per player which is easily covered by a casino yield of almost £400 per player. And this momentum shows little sign of waning as gross win is up 12 per cent since the start of July.

As I pointed out ahead of the trading update, this type of business is highly cash generative which is good news for income seekers (‘Game on’, 8 July 2013). In fact, when the company issues its interim results, the cash pile at the end of June could be as high as £7.4m, or the equivalent of 10p a share. This has already enabled the board to pay a special dividend of 2.5p a share since the period end which we have banked (ex-dividend: 10 July). And expect further good news as analysts predict the interim and final dividend’s payout will both be raised by around 17 per cent to 0.7p and 0.94p, respectively, to produce an attractive forward yield of 3 per cent.

I also believe that analysts are bang on the money with their forecast that revenues will rise from £32.1m last year to £39.2m in 2013. On this basis, cash profits jump from £3.4m to £4m, pre-tax profits rise from £3.2m to £3.8m and underlying EPS increase by over a fifth from 4.1p to 5p. For the year after, the respective forecasts are for revenues of £45.6m, cash profits of £5m, pre-tax profits of £4.8m and EPS of 6.3p. To put the modest valuation into perspective, that’s less than 10 times this year’s earnings net of cash, falling to a bargain basement 7.5 times 2014 earnings estimates. In my opinion, a rating of around 11 times 2013 earnings estimates net of cash is more appropriate.

So, ahead of what is going to be an impressive set of half year numbers in seven weeks time, and most likely another upbeat trading update, 32Red shares continue to rate a value buy on a bid-offer spread of 53.5p to 55p. My three-month fair value target price is 66p. Trading buy.

32Red PLC (TTR:LSE) set a new 52-week high during Tuesday's trading session when it reached 57.00. Over this period, the share price is up 47.10%.

32Red PLC (TTR:LSE) set a new 52-week high during Tuesday's trading session when it reached 58.75. Over this period, the share price is up 52.60%

Board approves special dividend of 2.50p per share

32Red Plc is pleased to announce, that on 03 July 2013, the Board of Directors of the Company approved a special dividend of 2.50 pence per share.



Timetable Details:




Ex Div Date

10 July 2013


Record Date

12 July 2013


Payment Date

2 August 2013

Their sports odds are crap , they sponsor the West Wales gypo's ... avoid like the plague (but I'm biased).

Good luck dc.

lol.

AIM shares get ISA approval - but how do you separate the wheat from the chaff?
Stockopedia

Finally, 32Red (LON:TTR) , an online casino, poker and bingo operator ranks in the top 1% of the market for its quality credentials. In 2012 the company notched up its third consecutive year of revenue growth (£32.1 million) although net profits dipped slightly to £1.9 million as it channelled funds into launching its services in Italy, where progress has been slower than expected. Even so, brokers have been upgrading their forecasts for 32Red recently (see below) and the shares have risen by 47% to 59p so far in 2013. Despite that rise, the company’s forward dividend yield is a sector-beating 4.5%. at the moment, particularly for smaller operators. Post-tax profits rose by 146% to US$14.2 million last year, 50% of which will be distributed as dividends (on top of a special payout), with the forward yield standing at an impressive 6.8% (see below). MDM scores an impressive nine out of nine on the Piotroski F-Score of balance sheet health and even looks reasonably priced, with a ValueRank of 94.


http://uk.finance.yahoo.com/news/aim-shares-isa-approval-separate-103851752.html

Bologna FC Partnership

RNS


RNS Number : 4525M

32Red Plc

27 August 2013






32Red Plc

("32Red" or "the Company")

Bologna FC signs 32Red as official casino partner

Award-winning gaming group 32Red and Italian Serie A football team Bologna FC have today announced a new exclusive partnership. The deal will see the 32Red brand become the official casino partner of the Italian club for the 2013-14 and 2014-15 seasons.

The partnership with the Serie A team will boost the profile of the 32Red brand in Italy, where the company has been regulated and licensed since November 2012. The sponsorship deal includes both on and off-line co-branding activities, stadium branding and the launch of an affiliate programme to market the 32Red casino to Bologna fans via the Club's website.

Welcoming the deal, Ed Ware, 32Red's CEO said:

"We are proud to be partnering with Bologna, one of Italy's oldest and best known clubs. Our previous associations with Swansea City and Aston Villa helped establish 32Red as a trusted and leading casino brand in the UK and we see Bologna as an ideal partner to help promote the 32Red brand in Italy."

Daniele Montagnani, Commercial Director of Bologna FC, added:



"We are delighted to be entering into this partnership with 32Red, and we look forward to an ongoing and mutually beneficial relationship."



27 August 2013

Good write up from IC's Simon T TODAY.

Interim Thurs 12 Sept.

9 Sep Numis 100.00 Buy

Interim Results

Headlines:



· Record revenues and underlying EBITDA in the six month period

· Strength in Mobile: now generates 17% of total casino revenue (2012: 8%)

· Steady growth in Italy and 2 year partnership announced with Italian Serie A club Bologna FC

· 32Red rated top in online casino industry customer service audit

· Recovery of c. £1.25m in damages and costs following successful litigation

· Declared a special dividend of 2.50p per share, paid on 2 August 2013

· Current trading strong, with underlying revenues up 27%

· Confident of meeting full year expectations



Key performance indicators



· Active casino players in first 6 months up 34% to 42,455 (H1 2012: 31,722)

· Casino player yield £398 (H1 2012: £457)

· New Casino players recruited: 17,459 (H1 2012: 18,724)

· Casino cost per acquisition: £159 (H1 2012: £166)



http://www.moneyam.com/action/news/showArticle?id=4666973

12 Sep Numis 100.00 Buy

32Red PLC (TTR:LSE) set a new 52-week high during today's trading session when it reached 61.40. Over this period, the share price is up 35.69%.

Pull back after ex div so bought 10,000 at 54p

Volume certainly seems to have perked up over the last 3 months.

I think that is because Simon Thompson of the IC has been tipping them. But it is a very profitable company and has good cash balances.

IC today - Bet on re-rating of 32Red -

At a forward PE ratio of 7, 32Red's shares are well below a two-year historic average rating of closer to 12 and look extremely cheap compared with the rest of the gaming sector, especially peers with more widely extending operations in markets such as the US and Australia. However, there is enough room for smaller operators to grow in the market and, in the final analysis, smaller scale often means shareholders see the benefits from operational gains far more quickly. Buy.

Mmmm!!!!

Evening 3m, put a post on optical payments for you, had to delete as my details came up with it . Hence just the dot. Sorry about that.

Are you eating a nice cake lol. Mmmmmmm

Wish I was. So mad I cannot tell you.

32Red PLC (TTR:LSE) set a new 52-week high during Tuesday's trading session when it reached 62.00. Over this period, the share price is up 39.23%.

The naked trader - As you may know I like to add to the winners and 32 Red (LON:TTR) has been a real winner with excellent profits since I bought them earlier in the year.

I bought an extra 9,000 shares at 55. It's a nice one, rising profits and cash - but in the end the main thing with this one is it would make a lovely buy for any number of bigger bookie rivals. I've also bought some on the spreads at 60.

So it's quite an easy top up and I intend to hold onto them till I think an inevitable bid will come in somewhere between 80 and 100p hopefully.

TV Sponsorship

RNS


RNS Number : 0789P

32Red Plc

27 September 2013






32Red Plc



Television sponsorship deal with Film4



32Red, the award-winning online gaming operator, today announces a significant investment with Channel 4 to secure sponsorship of 'Late Night Film' on Film4.



The 12 month partnership will see 32Red's branding feature around both the 11pm and 1am film every night of the week.



The award-winning casino will use animated idents comprising of casino related imagery presented as a homage to one of film's greatest visionaries; graphic designer and Academy Award winning filmmaker Saul Bass.



Film4 is the biggest dedicated film channel with a weekly reach of over 12 million individuals.



The partnership commenced on Film4 on Wednesday 25th September.



Rob Ramsey, Partnership Leader, Channel 4 said: "We are delighted to welcome 32Red on board as a sponsor of Channel 4. The 'Late Night Film' is very popular with our audience and we believe this partnership will be a great success"



Mark Quayle, Head of Marketing at 32Red: "We are thrilled to sponsor the Late Night Film on Film4. It was an obvious choice for us. It is the first of many major TV sponsorships for our flagship brand, 32Red Online Casino and we are confident that the association with such a strong brand will hugely increase the awareness of 32Red in the UK."

I see the Naked trader has a target price of 75p on these.

Concern reading IC today is the UK government's
plan to bring in a point of consumption gambling tax . This could hit 32red hard.

Poised for a new high

Final Results



Key highlights:



· Fourth consecutive year of record revenues and underlying EBITDA

· Increased investment in CRM stimulating player activity levels

· Increased Q4 investment in marketing to drive new player recruitment

· Strengthening of the Executive Board

· Progress in Italy - c. 1% market share in growing regulated Italian online casino market



Key performance indicators



· Active 32Red Casino players up 24% to 71,266 (2012: 57,338)

· Casino player gross gaming yield £485 (2012: £500)

· 38,033 new 32Red casino players (2012: 41,918)

· Casino player cost per acquisition: £156 (2012: £147)

· Mobile revenues up 136% on 2012, representing 21% of total casino revenues (2012: 10%



http://www.moneyam.com/action/news/showArticle?id=4767733

LISTEN: 32Red (TTR) - 2013 Final Results

Click here to listen

Final dividend - amendment to record date

RNS


RNS Number : 9465B

32Red Plc

10 March 2014






32Red Plc

("32Red" or the "Company")



Final dividend - amendment to record date



32Red is today amending the information regarding the Final Dividend record date contained in its Final Results announcement published on 6 March 2014.



The Final Dividend of 1.0 pence per share for the year ended 31 December 2013 will be paid to shareholders whose names appear on the register on 4 April 2014 rather than on 2 April 2014 as previously advised. The payment date continues to be 2 May 2014.



10 March 2014

Trading Update

RNS


RNS Number : 1814D

32Red Plc

26 March 2014






32Red Plc

("32Red" or "the Company")

On course to meet expectations

The Company notes the recent sharp fall in the share price since reporting record results in terms of both sales and profits for the year ended 31 December 2013 on 6 March 2014. The Company can confirm that trading in recent weeks has strengthened further with Gross Gaming Revenues up 19% in the first 24 days in March against the corresponding period, taking the cumulative year-to-date increase to 8% as at 24 March 2014.



The UK Government's proposed introduction of a Point of Consumption Tax ("POCT") from the end of 2014 was again referenced in the Budget supplementary papers on Wednesday 19th March, although nothing new of substance was announced. The Company continues to work with the Gibraltar Betting and Gaming Association to ensure that the industry concerns are voiced and understood by the UK Government and other stakeholders. The new announcements in the Budget regarding increased Fixed Odds Betting Terminal duties and levy collection do not impact the Company.



The Board remains confident in the prospects for the business and in meeting its financial expectations for the year.



26 March 2014

26 Mar Daniel Stewart 95.00 Buy
26 Mar Numis 100.00 Buy

LISTEN: 32Red (TTR) - Rangers football club sponsorship


Click here

Listen: 32Red (TTR) - Pre-close trading update


Click here to listen

Trading Update


2014 Summary



The Company announces record annual net gaming revenues, up 26% to £32.1m in 2014 (2013: £25.4m), marking the 5th consecutive year of double digit growth.






http://www.moneyam.com/action/news/showArticle?id=4962963

Proactive investors -32Red sets new revenue record in 2014

By Jamie Ashcroft

January 22 2015, 10:33am
32Red sets new revenue record in 2014

Online casino operator 32RED (LON:TTR) told investors revenues rose 26% in 2014 to set a new company record of £32.1mln.

It marks a fifth consecutive year of double digit percentage growth, the company said.

"We performed well throughout the year with an accelerating performance in the second half following increased investment in our business,” said chief executive Ed Ware.

"Our marketing and operations have never been in better shape,” he added.

A total of 44,385 new players signed up to 32RED during 2014, up 17% on the prior year, and at 82,155 the number of active users increased 15%.

32RED generated some £510 per active user in 2014, which is 5% more than 2013.

More than half of all new players were ‘recruited’ via smartphones and tablets, the company said, while the overall ‘cost of acquisition’ equated to £184 per user, 18% more than the year before.

Michael Campbell, analyst at Northland Capital, said 32RED continues to show “healthy” top-line growth and added that the Italian business is showing particularly high growth albeit from a lower base.

The analyst, in a note, however, also highlighted that the UK’s new Point Of Consumption tax on gambling activities is a threat to the company’s margins though he says 32RED is doing well to diversify into other markets.
-------------------------------------------------------------------------------------------------


22 Jan Numis 80.00 Buy

32Red - Analyst interview, Northland Capital Partners

Click here

Naked trader today - Finally I picked up some 32 Red (LON:TTR) - this one has been well oversold on new gambling licensing regimes and in my opinion and today's very bullish statement shows why it has become very cheap now.

It announced record gaming revenues and a very good performance in Italy. A strong start to the year already, it has to be worth more. It looks a good gamble for recovery!

write up in shares today -


GAMBLING SUMMARY


We don’t like the traditional bookmakers but investors can get both value and income from stocks at the lower end of the spectrum. Smaller online gambling companies like GVC and 32Red continue to offer good growth prospects and attractive dividends.

Despite the doom and gloom this isn’t the time to turn our backs on the sector in its entirety. There are some very attractive gambling stocks out there – such as GVC (GVC:AIM), 32Red (TTR:AIM) and Betfair (BET) – which offer good value and growth prospects.

StockMarketWire.com
32Red has booked a FY pretax profit up 49% to £3.4m, from £2.3m. Total net gaming revenue was £32.1m, up 26% from £25.4m. The gaming revenue was heavily weighted to its underlying business.

It proposed a final dividend of 1.4p a share, up 40%, taking the total to 2.4p, up 33%.

CEO Ed Ware said:

"32Red has achieved another excellent performance and continues to go from strength to strength. Our increased marketing investment during the period has proved very successful and driven the Company to its fifth consecutive year of revenue and profit growth.

"The successful integration of Go Wild UK demonstrates our ability to source and integrate earnings enhancing acquisitions, which build upon our second to none customer service offering.

"32Red is a highly cash generative business with a strong balance sheet and I believe there are significant growth opportunities that we are well-placed to take advantage of in the market.

"Despite the recent introduction of a new UK regulatory environment, we have achieved a strong start to the new financial year and I am confident in our ability to continue to grow the business for the long term and look forward to the future with confidence."

Key highlights:
· Fifth consecutive year of double digit growth in organic revenues, accelerating in H2

· Step up in marketing investment driving top line organic growth and yielding healthy returns

· Three year sponsorship of Rangers Football Club announced in April 2014

· Successful launch of new sportsbook, 32Red Sport, in June 2014

· Progress in Italy and new marketing campaign launched in early 2015

· Successful integration of the Go Wild UK business, acquired in September 2014

· Strong start to 2015 with current trading up 35% in the first two months of the year

Key performance indicators:
· Active 32Red Casino players up 15% to 82,155 (2013: 71,266)

· Casino player gross gaming yield £510 (2013: £485)

· New 32Red casino players up 17% to 44,385 (2013: 38,033)

· Casino player cost per acquisition: £184 (2013: £156)

· Mobile revenues up 89% on 2013, representing 32% of total casino revenues (2013: 21%)

5 Mar Numis 90.00 Buy

26 Mar 2015 32Red PLC (1.4 P) Ex dividend

32 Red acquires Roxy Palace Casino! CEO interview here

Acquisition
RNS
RNS Number : 9246S
32Red Plc
14 July 2015

32Red Plc

("32Red" or "the Company")



Acquisition of Roxy Palace Casino



32Red Plc, the award-winning online gaming operator, is pleased to announce today that it has acquired the remote online gaming business known as Roxy Palace (the "Business") for total consideration of £8.4 million comprising £2.0m in cash and the issuance of 10,000,000 new Ordinary Shares.



32Red has purchased the customer database, intellectual property rights and certain other assets used in connection with the Business via the acquisition of the entire issued share capital of Eucalyptus Investment Limited, a wholly-owned subsidiary of Hyperlink Media Limited and Applied Logics Limited (the "Sellers"). Other service companies associated with the Sellers will continue to provide services to the Buyer following Completion. The deal is expected to be immediately earnings accretive before synergies.



Roxy Palace



Founded in 2002, the Business offers more than 500 online casino games including slots, blackjack, video poker and roulette, and benefits from a database containing 230,000 registered players. The Business reported Net Gaming Revenue (''NGR'') of £10.1m and Gross Profit (NGR less variable costs) of £3.4m for the year ended 31 December 2014. After fixed costs, estimated Earnings Before Interest, Tax, Depreciation and Amortisation (''EBITDA'') totalled £1.6m for the year.*



Consideration



The consideration comprises the issuance to the Sellers of, in aggregate, 10,000,000 new ordinary shares of 0.02p each (the "Consideration Shares") and, in aggregate, £2m in cash. Application has been made for the Consideration Shares, which will rank pari passu with all existing shares in issue, to be admitted to trading on AIM. Dealings in the Consideration Shares are expected to commence on 17 July 2015, although the Consideration Shares are subject to a twelve-month lock-in period. Following the issue of the Consideration Shares, the Company will have 83,680,056 shares in issue. The cash consideration is payable in instalments as follows: £1m on Completion; £0.5m six months thereafter and the remaining £0.5m on 31 December 2016, provided there has been no warranty or other claim in that period.



Ed Ware, CEO, 32Red Plc, commented:



"We are delighted to have acquired Roxy Palace and we believe this is very beneficial for both our existing and new shareholders. We have known and respected the business for many years, and share a number of common values. Like 32Red, Roxy Palace is also based on the Microgaming platform which will aid in making for a smooth integration.



This acquisition fits well with our regulated markets growth strategy and will allow us to leverage the expertise that the Roxy Palace team has built up over many years in international markets to the combined benefit of the enlarged business. To that end we will continue to support the Roxy Palace brand along with maximizing synergies where appropriate."



32Red will announce its half year trading update on 22 July 2015.



*Financial information on the Business is sourced from unaudited management accounts and the Microgaming back office.

Acquisition - Correction
RNS
RNS Number : 0510T
32Red Plc
14 July 2015

32Red Plc

("32Red" or "the Company")



Correction to Acquisition of Roxy Palace Casino announcement



In reference to this morning's announcement regarding Roxy Palace Casino, the nominal value of the share consideration should read 10,000,000 new ordinary shares of 0.2p each ("the Consideration Shares") rather than the previously reported 0.02p each.



The announcement in all other regards remains unchanged.



14 July 2015

ST of IC today - Trading on a bid-offer spread of 66p to 67.5p, I rate 32Red's shares a decent buy and have an upgraded target price range of 90p ahead of the company's first-half trading update on Wednesday, 22 July.

very positive trading update by the CEO, listen here

Trading update

22 Jul Numis 120.00 Buy

ST of IC today - I rate 32Red's shares a decent buy offering 20 per cent upside to my target price of 90p. Buy.

Interim results

32Red PLC (TTR:LSE) set a new 52-week high during today's trading session when it reached 87.00. Over this period, the share price is up 91.64%.

ST of IC today - True, 32 Red's shares are now priced on 14.5 times house broker Numis Securities' upgraded full-year EPS estimates of 6.5p, but still only trade on nine times the fiscal 2016 EPS estimate of 10.5p and are 20 per cent below Numis's 120p target price. Furthermore, 32 Red has net funds of £5.7m, or 6.5p a share, on its balance sheet after factoring in the summer acquisition of remote online gaming operator Roxy Palace. So with cash available for further earnings-accretive acquisitions, and underpinned by a prospective dividend yield of 2.8 per cent, I would run your 100 per cent gains.

Reached a £1. Broker 22 Jul Numis 120.00 Buy .

Comment on Share Price movement
RNS
RNS Number : 7342F
32Red Plc
13 November 2015



32Red plc

("32Red" or the "Company")


Comment on Share Price movement




32Red, the award-winning online gaming operator, notes the sudden weakness in its share price today.

The Company can confirm that it continues to trade in line with expectations for the full year to December 2015 and the Directors know of no operational or financial reason for the share price fall.

Further detail in this regard will follow within the Company's trading update announcement in January.

strange to make such a big deal when the whole market is in meltdown ..... and this is just a new and fairly twiddly company so always prone to gyrations

Director Dealing
RNS
RNS Number : 4323H
32Red Plc
30 November 2015

32Red Plc

("32Red" or "the Company")



Director Dealing

The Company was informed today that Eileen Bowen, the wife of David Bowen, Non-Executive Director, acquired 20,200 ordinary shares in the Company at a price of £1.024 per share on 27 November 2015.

Following the acquisition, Mr Bowen is interested in 20,200 ordinary shares of the Company, representing 0.02% of the total issued share capital and Total Voting Rights of the Company.

32Red PLC (TTR:LSE) set a new 52-week high during today's trading session when it reached 105.50. Over this period, the share price is up 163.13%

32Red PLC (TTR:LSE) set a new 52-week high during today's trading session when it reached 117.50. Over this period, the share price is up 211.27%.

32Red PLC (TTR:LSE) set a new 52-week high during today's trading session when it reached 122.00. Over this period, the share price is up 224.00%

Well past the broker price of 120p now, could do with an upgrade.

New high
32Red PLC (TTR:LSE) set a new 52-week high during today's trading session when it reached 142.94. Over this period, the share price is up 297.06%.

not many of these in the current climate!

Doing well, but unsure why the climb? A very red day otherwise.

Broker Forecast - Numis issues a broker note on 32Red PLC
Numis today reaffirms its buy investment rating on 32Red PLC (LON:TTR) and raised its price target to 200p (from 160p). Story provided by StockMarketWire.com

Post close trading update

21 Jan Numis 200.00 Buy

32Red delivers record annual gaming revenues
StockMarketWire.com
32Red has delivered record annual net gaming revenues in 2015 of GBP48.6m, up 51% from GBP32.1m a year ago. This very strong performance was driven by a combination of accelerated organic growth in its core business and a contribution from the Roxy Palace business acquired on July 14.

Early trading in 2016 has been strong across the company's products with revenues for the first nineteen days in January up 27% on the corresponding period in 2015 and up 54% including contribution from Roxy Palace.

CEO Ed Ware said:

"This excellent outcome is a reflection of the strength of the 32Red business, our talented and dedicated team, as well as our first class marketing and appealing brands.

"As a result of the strong organic growth delivered throughout the year as well as the smooth integration of the Roxy Palace business, the Company expects to report EBITDA slightly ahead of expectations for 2015 when it announces its preliminary results on Thursday 10 March 2016."





Story provided by StockMarketWire.com

32Red PLC (TTR:LSE) set a new 52-week high during today's trading session when it reached 163.75. Over this period, the share price is up 185.06%.

ST of IC today - This means that post last month's upgrades, 32Red's shares are rated on 11.7 times earnings estimates for 2016, or on 10.6 times net of its cash pile. That valuation still doesn't look too punchy to me and neither does it to Mr Jones who has a new target price of 200p, up from 160p previously. So with 32Red clearly thriving in the post-Point of Consumption duty gaming market, winning customers from operators unable to compete in the more onerous tax environment, and the Roxy Palace acquisition delivering, I feel it's worth running your hefty gains ahead of the next trading update on Thursday, 10 March 2016. Run profits.

Board approves special dividend of 3.00p per share
RNS
RNS Number : 5815O
32Red Plc
10 February 2016

10 February 2016

32Red Plc

("32Red'' or ''the Company")

Board approves special dividend of 3.00p per share

32Red Plc, the award-winning remote gaming operator, is pleased to announce that, on 4 February 2016, the Board of Directors of the Company approved a special dividend of 3.00 pence per share to be paid on 16 March 2016 to all shareholders on the register on 19 February 2016. This follows the Company's Post Close Trading Update dated 21 January 2016 in which 32Red reported a record revenue performance in 2015. This outcome was underpinned by strong organic growth as well as the now completed successful integration of Roxy Palace, acquired in July 2015. As previously indicated, the strong performance has resulted in the Board anticipating reporting EBITDA for 2015 slightly ahead of expectations.



The Special Dividend is in addition to the final dividend that will be declared when the Company announces its preliminary results on Thursday 10th March 2016.

Timetable Details:

Ex Div Date
18 February 2016

Record Date
19 February 2016

Payment Date
16 March 2016

32Red PLC (TTR:LSE) set a new 52-week high during today's trading session when it reached 181.28. Over this period, the share price is up 186.59%.

i looked at these, but the notional spread is nuts (5p+) and volumes pretty low

final results

Key highlights:



· Record revenue performance with total net gaming revenues up 52%

· Strong organic revenue growth, accelerating throughout the year

· Successful integration of Roxy Palace, acquired in July 2015

· 80% of net gaming revenues derived from regulated and taxed markets

· Mobile revenues up 71% on 2014, representing 44% of total casino revenues (2014: 32%)

· Marketing spend ROI metrics continued to strengthen in 2015

· Further solid progress in Italy, expected to break even in 2016

· Recommended final dividend of 1.7p per share (2014: 1.4p) bringing full ordinary dividend for the financial year to 2.8p (2014: 2.4p) in addition to Special Dividend of 3.0p per share declared on 10 February 2016

· Strong start to 2016 with like-for-like net gaming revenues for the first nine weeks of the year up 35% on the same period in 2015 and up 66% including the contribution from Roxy Palace

10 Mar Numis 200.00 Buy

ST of IC - In the circumstances, I would recommend that you continue to run your profits with 32Red's shares trading on a cash adjusted forward PE ratio of 12. Run profits.

Sponsorship agreement and trading update

RNS


RNS Number : 1356Y

32Red Plc

13 May 2016




13 May 2016

32Red Plc

("32Red'' or ''the Company")



Leeds United Football Club Sponsorship

and update on current trading

32Red, the award-winning online gaming operator, is pleased to announce a three year agreement to sponsor Leeds United Football Club, commencing in the 2016/17 season. The agreement provides 32Red with shirt sponsorship, access to Leeds United's global fan base and extensive brand visibility throughout the club's iconic Elland Road stadium as well as across its digital and media platforms.

Update on current trading:

32Red's trading during 2016 has remained very strong across the Group's portfolio. The Company's like-for-like net gaming revenues for the first nineteen weeks of the year to 11 May 2016 is up 39% on the same period in 2015 and up 71% including the contribution from Roxy Palace. The Board is pleased with this strong trading momentum and remains confident of delivering its expectations for the year.

Commenting on the sponsorship, Ed Ware, CEO of 32Red, said:

"We are delighted to be working with Leeds United football club, a true giant of English football with an amazing and passionate fan-base. We have a proud history of successful football club sponsorship deals and this is a fantastic opportunity to work with such an iconic club and showcase the 32Red brand. We look forward to our association with Leeds United over the coming seasons."

Paul Bell, Leeds United's Executive Director commented:

"We are delighted to announce today a three-year shirt sponsorship deal with 32Red PLC, the UK's premier online casino entertainment brand. We are hugely excited by this partnership and the opportunities it will deliver for all involved.

32Red are a modern, forward thinking brand with a long standing and successful history of sponsoring high profile teams within football and we are delighted to welcome them into our commercial partners programme. We look forward to building a strong relationship between our two brands both on and off the field as we seek to return to the Premier League. Our commercial partners are extremely important to the Club and we would like to thank 32Red for their support."

Proactive investor - City punters are betting on a winning performance from 32 Red Plc (LON:TTR) when the gaming company reports half-year results on Wednesday.
The group has already reported net gaming revenue of £30.4mln for the first half, representing year-on-year growth of 63%.
Numis Securities reckons first-half earnings will quadruple to £4.6mln driven by excellent returns from its accelerating marketing campaign.
Analyst Richard Stuber said: “Being one of the few approved betting partners for UK horseracing, it has secured several high profile sponsorship deals, including Leeds United and Rangers and most recently the three year deal to sponsor the King George VI Chase, demonstrating its growth ambitions.
“We are also very supportive of its geographical diversification where more than a third of revenues are from outside the UK.”

Key partner contracts
RNS
RNS Number : 3762K
32Red Plc
21 September 2016
 
21st September 2016
 
32Red Plc
 
 
ITV's 'I'm a Celebrity… Get Me Out Of Here!' and "Ant & Dec's Saturday Night Takeaway' to launch exclusive new games with 32Red, created by Microgaming.
 
Award-winning online casino 32Red announces a new three year partnership with ITV Commerce & Ventures today which will see two of the broadcaster's biggest brands extend their exclusive game content with award-winning remote gaming operator 32Red.com.
 
The new "I'm a Celebrity...Get Me Out Of Here!™" slot game enhances 32Red's existing game offering and now enables a fully featured slot game across all device platforms. The game features well-known themes from the show including Ant and Dec themselves, iconic programme music and of course a Bushtucker Trial themed bonus game! The game brings the fun and excitement of the show to a thrilling casino game for slots fans to enjoy.
 
Aside from the usual exciting slots action, players have the chance to win Kiosk Keith Free Spins™ with Rolling Reels™ and Critter Chaos™ can be triggered awarding multiple wilds in camp and free spins. Collecting Gold Stars wins players The Bushtucker Trial Bonus™ where choosing and winning challenges can bag a big payout.
 
In addition to the new "I'm A Celebrity….Get Me Out Of Here™" slot game, 32Red's Ant & Dec's Saturday Night Takeaway slot brings all the favourite parts of the award-winning entertainment show to life with clips and imagery from the show. The game includes Ant V Dec Free Spins™, Get Out of Me Ear Spins™, Win The Ads Bonus™ and an End of The Show Bonus™ feature.
 
The launch of the new games will also be supported with exclusive promotions and competitions where trips to Australia and tickets to the Saturday Night Takeaway live show will form part of the prizes.
 
32Red's Chief Commercial Officer, Matt Booth said: 
"We are very excited to release our new and exclusive 'I'm A Celebrity… Get Me Out Of Here™!' slot, plus the brand new and also exclusive Ant & Dec's Saturday Night Takeaway slot. Both brands are award-winning shows and are extremely well known entertainment brands. We are confident that the association with such powerful TV brands have produced slot games that players will love as much as the shows." 
 
"The slot games will be available for casino, poker and bingo players at 32Red across online, mobile and tablet devices to ensure that all our players can experience their own Bushtucker Trial, or take part in their very own version of Win the Ads! wherever and whenever they want."
 
William van Rest, ITV's Director of Commerce & Ventures commented: 
"ITV is thrilled to be working with 32Red on extending our existing game portfolio with the new I'm A Celebrity… game plus the addition of an Ant & Dec's Saturday Night Takeaway game."
 
"We have worked to bring the best features of both shows alive in a gaming experience, and believe we have two of the best UK TV show themed slots in the market. Both games feature video footage from the shows and offer a rich game experience based on the programmes. We are sure these exclusive games will be very popular on 32Red.com"
 
The new slot games have been developed for 32Red by online gaming software developer, Microgaming.
 
Roger Raatgever, CEO of Microgaming, added: "We are well versed in creating branded content, delivering slots that embrace a brand to the fullest. And we get a real buzz from it too! Developing exclusive games based on two cherished UK television shows has been a fantastic project to be involved in, and working with 32Red and ITV, as always, has been a pleasure."
 
The I'm A Celebrity game is released with 32Red on 1st November 2016 and Ant & Dec's Saturday Night Takeaway is scheduled to launch in Q1 2017.

Interim results


Period highlights:
·      Record revenue performance with NGR for the period up 63%
·      Record EBITDA performance, up 258% on H1 15
·      Italy on track to break even in the year
·      75% of revenues from regulated and taxed markets
·      Mobile casino driving growth and represents 50% of total casino revenues (2015: 42%)
·      Interim dividend increased by 18% to 1.3p (2015: 1.1p)
·      Successful launch of new 32Red Casino responsive, multi-platform website in April 2016 delivering encouraging results
·      Confident of meeting management expectations for the full year
 
Post period end events:
·      Extended contract with innovative commercial terms agreed with digital gaming solutions partner, Microgaming, effective from 1 November 2016. The new arrangement enables 32Red to develop its strength in regulated markets, whilst retaining its broad appeal across the industry.
·      Exclusive licence to promote casino games for ITV flagship brands
·      British Horse Racing sponsorship agreements:
o  New three year deal to sponsor prestigious King George Christmas Meeting at Kempton
o  Renewal of sponsorship of the All Weather Championship for next two years
o  New three year deal to sponsor Haydock Park's Group 1 Sprint Cup
 

21 Sep
Numis
200.00
Buy

ST of IC - So, having first recommended buying 32Red’s shares at 51.75p ('Game on', 7 Jul 2013), since when the board have paid out a total of 12.5p a share in dividends, and last advised running your profits at 134p ahead of yesterday’s results (‘Spinning higher’, 2 Aug 2016), I now feel there is a high probability of the share price returning back to the March 2016 all-time high of 186p, and possibly beyond. If achieved it would price the shares on a more reasonable 13 times next year’s earnings estimates, a fair rating in my view given the EPS growth profile. More importantly, these targets look achievable.

Share of the week, this gamble paid off.

Trading update

08:00 03/02/2017
Broker Forecast - Peel Hunt issues a broker note on 32Red PLC

Peel Hunt today initiates coverage of 32Red PLC (LON:TTR) with a buy investment rating and price target of 250p. Story provided by StockMarketWire.com

ST of IC today - The point being is that I expect 32Red to come out relatively unscathed from the Triennial review, and the risk premium embedded in the share price to unwind, thus offering scope for a return to the March 2016 all-time high of 186p. Buy.

Pushing on well with a 7% rise today

Dividend Declaration
RNS
RNS Number : 6182X
32Red Plc
23 February 2017
 
32Red Plc
 
("32Red" or ''the Company")
 
Dividend Declaration
 
23 February 2017
 
Following the announcement by Kindred Group Plc on 23 February 2017 regarding a recommended cash offer for the Company, 32Red is pleased to announce a second interim dividend of 4 pence per share (the "Approved Dividend").
 
The Approved Dividend will be paid in lieu of a final dividend that would otherwise have been declared with the Company's full year results for the year ended 31 December 2016 on 9 March 2017. The Approved Dividend is not conditional on the Offer becoming wholly unconditional and will adhere to the following timetable:
 
Ex-Dividend Date:          2 March 2017
Record Date:                 3 March 2017
Pay Date:                      23 March 2017
 
*Capitalized terms used in this announcement, and not otherwise defined, have the same meanings given in the announcement released by Kindred Group Plc regarding a Recommended Cash Offer for the Company dated 23 February 2017 (GMT).

Final results

Key highlights:
 
·      Record revenue performance with total net gaming revenues up 28% to £62.3m (2015: £48.7m)
·      EBITDA* increased 102% to £10.6m (2015: £5.2m)
·      PBT increased 511% to £6.5m (2015: £1.1m)
·      77% of net gaming revenues derived from regulated and taxed markets (2015: 80%)
·      32Red moves to profitability in Italian market
·      Successful launch of new responsive, multi-platform website in April 2016
·      Extended contract with improved and more flexible terms signed with Microgaming
·      Mobile revenues represent 57% of total casino revenues (2015: 44%)
·      Exclusive licence to promote casino games for ITV flagship brands featuring Ant and Dec
·      British Horse Racing sponsorship agreements with racecourses and brand ambassadors
·      Strong start to 2017 with net gaming revenues for the first nine weeks of the year up 20% on the same period in 2016
·      Post Period end, 32Red announced the recommended cash offer from Kindred Group plc for the entire issued and to be issued share capital of 32Red at 196p per share

32Red hikes FY pretax profit to record level
StockMarketWire.com
32Red hiked its FY pretax profit to record £6.5m, up 511% from £1.1m. Total net gaming revenues (NGR) were up 28% to £62.3m, from £48.7m.

After the end of the period, 32Red announced a recommended cash offer from Kindred Group for its entire issued capital at 196p a share.

32Red said it had delivered continued strategic progress across the business with outstanding growth on mobile, further successful product enhancements and highly successful marketing investment, all the while maintaining one of the highest levels of regulated revenue amongst our peers.

"This outstanding operational progress has resulted in another hugely successful financial outcome with EBITDA more than doubling and revenues rising by an impressive 28% to exceed prior records."

EBITDA was £10.6m, from £5.2m.

The company said momentum into 2017 had remained strong with NGR up 20% year on year.

"Underpinned by the strength of the brand, 32Red has an exceptional platform to drive continued growth across the business and increase market share both in the UK and Italy."





Story provided by StockMarketWire.com

Update on Offer conditions for 32Red plc
RNS
RNS Number : 5378A
Kindred Group PLC
27 March 2017
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.
EMBARGOED UNTIL 7.00 A.M. (27 MARCH 2017)
 27 March 2017
 
RECOMMENDED CASH OFFER
for
32Red plc ("32Red")
by
Kindred Group plc ("Kindred")
 
UPDATE ON OFFER CONDITIONS

1. Introduction
On 23 February 2017, the boards of directors of 32Red and Kindred announced that they had reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of 32Red, to be implemented by way of a takeover offer in accordance with the laws of Gibraltar (the "Offer").
An offer document setting out the full terms and conditions of the Offer was published on 3 March 2017 (the "Offer Document").
Terms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the Offer Document.
 
2. Offer unconditional as to acceptances
The board of directors of Kindred is pleased to announce that, by virtue of the level of acceptances received as described below, the Offer has become unconditional as to acceptances.
The Offer will remain open for acceptance until further notice.
 
3. Level of acceptances and share purchases
As at 1.00 p.m. (London time) on 24 March 2017, valid acceptances had been received from 32Red Shareholders in respect of 77,978,301 32Red Shares (representing approximately 91.4 per cent. of the issued share capital of 32Red), which Kindred may count towards the satisfaction of the acceptance condition of the Offer.
 
These acceptances include:
·    36,993,281 32Red Shares, representing approximately 43.3 per cent. of the issued share capital of 32Red, received from the 32Red Directors who had given Kindred irrevocable undertakings to accept (or procure the acceptance of) the Offer; and
·    23,582,110 32Red Shares, representing approximately 27.6 per cent. of the issued share capital of 32Red, received from the non-director 32Red Shareholders who had given Kindred irrevocable undertakings to accept (or procure the acceptance of) the Offer.
 
None of the acceptances of the Offer received have been from persons acting in concert with Kindred. 
 
In addition, Kindred has acquired 3,320,233 32Red Shares, representing approximately 3.9 per cent. of the issued share capital of 32Red, through market purchases as announced on 24 February 2017, 27 February 2017, 28 February 2017 and 1 March 2017 respectively.
 
In total, Kindred has therefore received valid acceptances of the Offer in respect of, or has acquired, 81,298,534 32Red Shares, representing approximately 95.3 per cent. of the issued share capital of 32Red.
 
The percentage holdings of 32Red Shares referred to in this announcement are based on there being a total of 85,347,528 32Red Shares in issue on 23 March 2017.
 
4. Approval by the Licensing Authority of Gibraltar
On 23 March 2017, Kindred received approval from the Licensing Authority (Gambling Division) of HM Government of Gibraltar to the acquisition by Kindred of 32Red Shares representing more than 50 per cent. of the voting rights carried by the 32Red Shares and any matters pursuant to such acquisition which relate to the control, management and operation of 32Red such that the Condition set out in  paragraph 2(a) of Part A of Section III (Conditions to and further terms of the Offer) of the Offer Document has been satisfied.
 
5. Continuation of the Offer
The Offer remains subject to the satisfaction of the remaining outstanding Conditions set out in the Offer Document, and will remain open for acceptance until further notice. At least 14 days' notice will be given by an announcement before the Offer is closed.
 
If the UKGC does not make a determination pursuant to section 102(4)(a) of the UK Gambling Act that all relevant operating licenses held by the Wider 32Red Group shall continue to have effect following the completion of the Transaction (as set out in Condition 2(b) of Part A of Section III (Conditions to and further terms of the Offer) of the Offer Document) (the "Determination") by 5.00 p.m. (London time) on 14 April 2017, 32Red and Kindred have agreed that the Offer timetable will be extended such that the final date for the fulfilment of the Conditions will be the earlier of (i) the Business Day following the date upon which the UKGC makes the Determination or (as the case may be) Kindred receives comfort to its reasonable satisfaction that the UKGC does not object to the Transaction and that the Determination will be made, and (ii) 7 June 2017 (being the date falling 12 weeks after the date on which an application was submitted by 32Red to the UKGC pursuant to section 102(2)(b) of the UK Gambling Act requesting the Determination).
 
32Red Shareholders who have not yet accepted the Offer are urged to do so as soon as possible.
 
To accept the Offer in respect of 32Red Shares held in certificated form (that is, not in CREST), 32Red Shareholders should complete and return the Form of Acceptance accompanying the Offer Document (together with the relevant share certificates and any other documents of title) so as to be received by the Receiving Agent, Capita Asset Services, as soon as possible. Acceptance of the Offer for 32Red Shares held in uncertificated form (that is, shares held in CREST) should be made electronically through CREST so that settlement occurs as soon as possible. If you are a CREST sponsored member, you should refer to your CREST sponsor as only your CREST sponsor will be able to send the necessary TTE instruction to Euroclear.
 
6. Compulsory acquisition, delisting and cancellation of trading
If the Offer becomes, or is declared, unconditional in all respects, Kindred intends to procure that 32Red will make an application for the cancellation of the admission to trading of 32Red Shares on AIM and Kindred will seek to re-register 32Red as a private limited company.
A notice period of not less than 20 Business Days before the cancellation will commence on the date on which the Offer becomes or is declared unconditional in all respects.
Cancellation of admission to trading would significantly reduce the liquidity and marketability of any 32Red Shares not assented to the Offer.
Given that Kindred has received acceptances for the Offer in respect of more than 90 per cent. of the 32Red Shares to which the Offer relates by nominal value and voting rights attaching to such shares, if the Offer becomes, or is declared, unconditional in all respects, Kindred intends to exercise its rights under applicable Gibraltar law to acquire compulsorily, on the same terms as the Offer, the remaining 32Red Shares not assented to the Offer.
 
7. Disclosure of interests
Save as disclosed in this announcement, neither Kindred nor the directors of Kindred nor any person acting, or deemed to be acting, in concert with Kindred for the purposes of the Offer has any interest in relevant securities of 32Red or a right to subscribe for or any short positions (whether conditional or absolute and whether in the money or otherwise), including any short positions under a derivative, any agreement to sell or delivery obligation or right to require another person to purchase or take delivery in respect of any relevant securities of 32Red or has during the Offer Period borrowed or lent any relevant securities of 32Red.
 
8. 32Red Shareholder enquiries
Subject to certain restrictions relating to persons in Restricted Jurisdictions, the Offer Document, together with those documents listed in paragraph 15 of Section V (Additional Information) of the Offer Document, are available on the Kindred website at www.kindredplc.com and on the 32Red website at www.32redplc.com. You may request further copies of the Offer Document by contacting Capita Asset Services on +44 (0) 371 664 0321. Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. The helpline is open between 9 am - 5.30 pm (London time), Monday to Friday excluding public holidays in England and Wales. Please note that Capita Asset Services cannot provide any financial, legal or tax advice (in relation to the Offer or otherwise) and calls may be recorded and monitored for security and training purposes. If requested, copies will be dispatched, free of charge, within two business days of request.

Offer Update for 32Red plc by Kindred Group plc
RNS
RNS Number : 2917E
Kindred Group PLC
05 May 2017
 

 
RECOMMENDED CASH OFFER
for
32Red plc ("32Red")
by
Kindred Group plc ("Kindred")
 
UPDATE ON OFFER CONDITIONS
Kindred announces the following update regarding its recommended cash offer for 32Red (the "Offer"). Capitalised terms used but not defined in this announcement shall have the meaning given to them in the offer document dated 3 March 2017 (the "Offer Document").
As announced on 27 March 2017, the Offer is now unconditional as to acceptances and remains open for acceptance until further notice. The Conditions set out in paragraphs 2(a) and 2(c) of Part A of Section III of the Offer Document have been satisfied. The Offer remains subject, inter alia, to the approval of the UKGC to the change of control (as set out in paragraph 2 (b) of Part A of Section III of the Offer Document). The UKGC's review is progressing and Kindred currently anticipates that the UKGC will make a determination in the near future. Kindred anticipates that the Offer will be declared wholly unconditional upon the UKGC making a positive determination.
The Offer remains open for acceptance until further notice and 32Red Shareholders who have not yet accepted the Offer are urged to do so as soon as possible