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Gaming Realms ( (GB:GMR) ) has provided an update.
Gaming Realms has repurchased 143,624 of its ordinary shares at 40.40 pence per share via Investec Bank and will hold the stock in treasury, as part of its ongoing share buyback programme. Following this transaction, the company now holds 7,138,048 shares in treasury and has 289,127,966 ordinary shares in issue, a figure that defines the current total voting rights and informs shareholders’ disclosure thresholds under UK transparency rules.
The most recent analyst rating on (GB:GMR) stock is a Buy with a £47.00 price target. To see the full list of analyst forecasts on Gaming Realms stock, see the GB:GMR Stock Forecast page.
Spark’s Take on GB:GMR Stock
According to Spark, TipRanks’ AI Analyst, GB:GMR is a Outperform.
Gaming Realms demonstrates strong financial health and growth potential, supported by a robust balance sheet and effective cash flow management. The positive impact of the share buyback program further enhances shareholder value. However, the technical indicators suggest caution due to bearish momentum, and the lack of a dividend yield may deter income-focused investors.
To see Spark’s full report on GB:GMR stock, click here.
More about Gaming Realms
Gaming Realms plc is a UK-listed online gaming company, best known for developing and licensing real-money and social gaming content, particularly in the mobile segment. The group focuses on creating and distributing branded and proprietary games to regulated markets via platform partnerships and direct-to-consumer channels.
Average Trading Volume: 571,906
Technical Sentiment Signal: Hold
Current Market Cap: £117.5M
For detailed information about GMR stock, go to TipRanks’ Stock Analysis page.