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Gaming Realms ( (GB:GMR) ) has issued an update.
Gaming Realms has repurchased 60,707 of its own ordinary shares at prices between 40.60p and 40.80p per share, at a weighted average price of 40.6941p, through Investec Bank. The shares will be held in treasury, bringing the total treasury holding to 7,526,929 shares and leaving 288,739,085 ordinary shares in issue, which now represents the total voting rights in the company and the reference point for investors assessing disclosure obligations 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 company operating in the online gaming and gambling sector, with its shares traded on the London Stock Exchange’s AIM market. The company issues ordinary shares of 0.1 pence each and is subject to the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules regarding shareholder notifications and voting rights.
Average Trading Volume: 616,368
Technical Sentiment Signal: Hold
Current Market Cap: £117M
For a thorough assessment of GMR stock, go to TipRanks’ Stock Analysis page.