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/

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.