With its share price near 39p (24 May) ( ) has a market capitalisation of around £115m – just above the threshold of £100m for . However, for adventurous investors with a higher risk appetite, the firm’s growth estimates are worth considering. City analysts have pencilled in a surge in earnings of just over 24% for 2024 and more than 32% for 2025.
An optimistic outlook Accelerating earnings like that are rare. Read most how-to books focused on growth investing and that’s what many previously successful investors have searched for – earnings getting bigger by ever-increasing percentages. Quite often we see the figures the other way around with the biggest percentage increase in the nearest forward-looking period and then a decline in the percentages.
No business can keep up earnings acceleration indefinitely. But when it’s happening, we sometimes see the biggest share price gains too. The business develops, licenses and distributes mobile-focused real money and social gaming content.
It has operations in the UK, US, Canada and Malta. In April’s full-year results report, the group posted some impressive numbers and delivered an optimistic outlook statement. Chief executive Mark Segal said the company is seeing for its Slingo portfolio in the international igaming markets.
Progress includes licensing games into 20 regulated markets and launching with 44 partners in 2023. The company has 75 live games, Segal said, . Back then, the company had seen a start to 2024, w.