Proactiveinvestors United Kingdom - Travel Leisure RSS feed Proactiveinvestors United Kingdom - Travel Leisure feed en Sat, 20 Jan 2018 11:22:39 +0000 Genera CMS Stride Gaming says performance in year just ended was at the upper end Mon, 18 Sep 2017 07:38:00 +0100 Gym Group Lifestyle Fitness acquisition should pump up revenues, says Numis Fri, 15 Sep 2017 13:04:00 +0100 Stride Gaming has 10% of the online bingo market but it wants more Tue, 27 Jun 2017 10:30:00 +0100 Stride's online bingo business clickety-clicking Tue, 30 May 2017 07:38:00 +0100 Stride Gaming shares advance as it strikes first B2B joint venture Fri, 26 May 2017 12:30:00 +0100 Gaming Realms deals into New Jersey online gambling market Fri, 21 Apr 2017 07:42:00 +0100 Stride Gaming comes on leaps and bounds Mon, 28 Nov 2016 11:31:00 +0000 Stride Gaming enters into an £8mln loan facility with Barclays Bank Wed, 16 Nov 2016 07:44:00 +0000 Stride Gaming hits results jackpot Mon, 19 Sep 2016 07:20:00 +0100 Full house for Stride Gaming after £70mln takeovers Wed, 31 Aug 2016 08:46:00 +0100 Stride Gaming's metrics to improve after latest deals Fri, 29 Jul 2016 16:42:00 +0100 Bingo! Stride Gaming setting a fast pace Sat, 28 May 2016 07:44:00 +0100 Numbers add up as bingo king Stride calls maiden dividend Mon, 23 May 2016 07:49:00 +0100 Gaming Realms expands partnership with Scientific Games Corp to machines Thu, 28 Apr 2016 08:45:00 +0100 Gaming Realms' Britain's Got Talent website takes to the stage Mon, 11 Apr 2016 09:14:00 +0100 Gaming Realms PLC licenses 90-ball bingo game to New Jersey operator Wed, 23 Mar 2016 10:23:00 +0000 Stride Gaming has made a strong start to financial year Fri, 05 Feb 2016 07:42:00 +0000 Gaming Realms boosted by real money play Wed, 27 Jan 2016 11:32:00 +0000 Kitty purrs for Stride Gaming as acquisitions deliver Mon, 16 Nov 2015 15:33:00 +0000 Stride Gaming "encouraged" by progress Thu, 10 Sep 2015 08:39:00 +0100 Stride Gaming steps into the social media gaming arena Fri, 31 Jul 2015 09:14:00 +0100 Stride Gaming trading ahead of expectations Mon, 22 Jun 2015 08:51:00 +0100 Newly-listed Stride Gaming hits the ground running Thu, 28 May 2015 11:37:00 +0100 Challenger Acquisitions inks deals for New York Wheel project Tue, 26 May 2015 10:24:00 +0100 Stride Gaming reckons it can triple its share of bingo market as tax change hits smaller players Tue, 19 May 2015 08:26:00 +0100 Pursuit Dynamics to sell business as revenues falter  

Shares in Pursuit Dynamics (LON:PDX) slumped as it said it would fire all of its staff and try to find a buyer or partner for its intellectual property.

The industrial processes company raised £5.4mln in a placing in November, but said today it will not meet the revenue targets for the six months to March set out then.

As a result it has taken the decision to close or divest all operations. Chief executive Hagen Gehringer will stand down. The group has struggled to recover from a decision by Procter & Gamble to scrap a technology tie-up last May.

Losses in the year to September totalled £17.8mln on negligible revenues. Cash and net current assets at end January 2013 amounted to £6mln and £5.7mln respectively.


Wed, 27 Feb 2013 08:07:00 +0000
Pursuit Dynamics to cut jobs as it refocusses business Pursuit Dynamics (LON:PDX) has outlined a new strategy to refocus on its drinks and public health and safety businesses in its attempts to turn its fortunes around.

The industrial processes specialist was dealt a heavy blow in May, when Procter & Gamble decided not to license its technology and Pursuit’s shares were sent tumbling down by 75 per cent. It also announced increased losses for the six months to March.

Twenty-one jobs will be cut as part of the plan to reduce costs, bringing headcount down to 40, with the chief financial officer Richard Webster, stepping down in September.

This and other cost-cutting initiatives are expected to bring the business running costs down to £450,000 a month.

Pursuit said it will now concentrate on its public health & safety and brewing, food and beverage businesses due to higher sales opportunities, with revenues expected to come mainly from the latter.

It added it is looking at alternative options for its intellectual property in waste treatment and US bioenergy, which include looking and investors, partners or “other means of preserving future value”. 

Interim CEO, Jeremy Pelczer said: "With the changes we are making and with the new strategy in place the company is positioned to deliver revenue growth from a reduced cost base."

The current year’s revenues are expected to be around £1 million. In May it said losses in the six months to March rose to £7.78 million from £7.16 million on sales of £483,000.

Cash balance as at 22 June was £6.1 million.

The share price is down 6.7 per cnet to 12.3 pence.


Thu, 28 Jun 2012 08:06:00 +0100
Pursuit Dynamics to sort out future by end of June Pursuit Dynamics (LON:PDX) is to publish the results of a strategic review into its future by the end of next month, it said today, as it revealed higher interim losses.

The industrial processes specialist speeded up work on its review after Procter and Gamble’s decision earlier this week not to license its technology.

That news sent Pursuit shares crashing by 75 per cent and prompted a warning that results for the year to September would be “materially” below earlier expectations.

Losses in the six months to March rose to £7.78 million from £7.16 million on sales of £483,000.

Pursuit, which raised £10.7 million through a rights issue and placing in March, has a cash balance of £7 million currently.

The current cash burn per month is £750,000 but the company expects this to reduce.

Interim chief executive Jeremy Pelczer repeated the company was disappointed with the decision by P&G but he still beleve in the technology.

“The challenges and opportunities we face will be addressed within the current strategic review, the findings of which will determine the next stage in the company's development,” he added.

“Confidence remains strong in the technology and within the strategic review we are considering all options. In light of the P&G decision we need to make significant and carefully-costed decisions in targeting the right applications, partners and customers to produce meaningful revenue growth."

Shares rose 9 per cent today to 10.92 pence.
Thu, 24 May 2012 11:48:00 +0100
Pursuit Dynamics crashes 75 pct as P&G ends trial Shares in Pursuit Dynamics (LON:PDX) crashed by 75 per cent as Procter & Gamble scrapped a possible technology tie-up, prompting it to speed up a  strategic review.

Results for the year to September would now also be “materially” below earlier expectations because of the P&G decision, Pursuit added.

The two companies were in discussions over an exclusive licensing agreement for Pursuit’s technologies to improve industrial production processes. 

Jeremy Pelczer, interim chief executive, said:  "We are obviously extremely disappointed with the decision by P&G.  Although the resulting revenue shortfall will constrain growth we will continue to pursue a range of commercialisation opportunities while we conduct the strategic review." 

An update on the strategic review will be provided by the end of June 2012, Pursuit added.

Pursuit began its trial with P&G in 2010. Its scope was widened last year to cover a number of production line processes. 

In April, the companies agreed to extend the agreement so P&G could complete evaluating the technology. That evaluation ended last week.

Mon, 21 May 2012 08:56:00 +0100
Pursuit Dynamics' shares rise on contract win Shares in Pursuit Dynamics (LON:PDX) were up more than five percent in early deals today after it revealed a £400,000 contract win.

The fluid technology firm, which supplies the food and brewing industries, said the deal was to supply a PDX fully-integrated food system to one of Europe's leading food producers.

The client, it said, manufactures some of the UK's best-known food brands and is a returning customer.

Chief executive of PDX Roel Pieper said: "This contract demonstrates the value of PDX technology to the food and beverages market, and the success that Heinz-Juergen Kroner (general manager, brewing and food) and his team are having in establishing PDX's offering in this sector."

The AIM-quoted company added that the contract was worth around £400,000, with the revenue being recognised in stage payments over the next three months.

Pursuit Dynamics owns and commercialises the technologies - PDX Atomiser and Reactor, which enable energy reduction and enhance a wide-range of industrial applications.

The firm's business model is organised into five lines: biofuels, brewing, food and beverages; Public Health and  de-contamination; industrial licensing and water.

Its headquarters are in Huntingdon, UK, with offices in London, Schaffhausen in Switzerland and Connecticut in the US.

As at 9.15 am, the firm's shares were up 5.26 percent - trading at 205.25 pence.

Thu, 15 Sep 2011 09:18:00 +0100
Stride Gaming PLC a dominant player in the multi-brand online bingo market Eitan Boyd, chief executive of Stride Gaming PLC (LON:STR) tells Proactive that 2017 has been a successful year for them with exceptional organic growth.

Boyd says through their recent acquisitions of Tarco and 8Ball they've been able to double their market share and the synergies are already kicking in.

Fri, 03 Nov 2017 14:50:00 +0000
Stride Gaming PLC enjoys 'fantastic' period The bingo group Stride Gaming PLC (LON:STR) revealed impressive growth in revenues and earnings in its results for the year to the end of August as the impact of a recent spate of acquisitions was felt on the top and bottom lines.

Net gaming revenue was up 22% to almost £48mln and EBITDA 27% higher to £12.3mln in the 12 months ended August.

Speaking to Proactive CEO Eitan Boyd puts the growth down to better reach, better content and better distribution.

Stride spent over of £70mln on 8Ball, Netboost Media and the Tarco Assets as it roll-up strategy gained traction.

''We're currently very much focused on organic growth and acquisitive growth'', Boyd added.

Mon, 28 Nov 2016 09:15:00 +0000
Eyes down as Stride Gaming continues focus on soft gaming strengths Online bingo group Stride Gaming (LON:STR) announced jackpot results above expectations.

Chief executive Eitan Boyd says he is delighted by organic growth across the underlying business.

Now the UK’s fourth largest bingo operator, Boyd says the group is well on the way for becoming a “£500mln plus company”.

He says the group is still looking to increase its share of the UK’s online gaming market.

“Growth is good, we hope to continue our growth pattern, very much focusing on our key strengths in soft gaming.”

Stride expects end of year results in November which Boyd said will be sure to please shareholders.

Until then, it’s eyes-down and carrying on with its focus on soft gaming, a model which has so far proved to be a success.

Mon, 19 Sep 2016 14:48:00 +0100
Bingo analyst is certain StrideGaming will make more deals in fragmented market Bingo market watcher Phil Fraser, aka  @mr_Online_Bingo and owner of bingo comparison website gives Proactive Investors his insight into the recent StrideGaming Plc (LON:STR) purchases of 8Ball Games and Tarco and says the deals were inevitable. "Their CEO Eitan Boyd mentioned from day one that they would be growing organically and by acquisitions: it isn't a surprise, although both Tarco and 8Ball have a low profile outside and within the industry" he says.

Fraser says with over 400 bingo brands the sector at the smaller end is quite fragmented,  but the i-gaming market is seeing major consolidation with some huge companies being formed at the top end of the market. "The Ladbrokes-Coral deal is going through, Paddy Power and Betfair merging - I wouldn't be surprised if StrideGaming ended up in the 888Games stable at some point in the future" he says.

Tue, 02 Aug 2016 10:51:00 +0100
Stride Gaming’s Eitan Boyd emphasises acquisitions were always part of plan Stride Gaming PLC (LON:STR) chief executive Eitan Boyd has emphasised that acquisitions have always been part of the plan.

The online bingo operator, which came to AIM last May, today announced deals that see it increase its share of the UK bingo market by 50%. It is buying assets and brands from Tarco Limited for up to £40.2mln and is paying £30mln for 8Ball Games Limited.

A £27mln share placing, priced at 225p, is expected to support these deals.

Boyd, in an interview with Proactive Investors, dismissed investor concerns about the group’s acquisitive approach.

“We did come to the market with the attention to grow not only organically but by acquisition and use the scale, expertise and software know-how to increase the margins,” he said.

“You have to be a big player today.”

Fri, 29 Jul 2016 14:12:00 +0100
Stride Gaming 'aggressively' aiming for global growth & new bingo deals Nigel Payne, non-executive chairman of online bingo group Stride Gaming (LON:STR), says the company is aiming to grow, acquire and market itself at a fast rate after listing on AIM earlier this year.

Payne, former boss of Sportingbet, was speaking to Proactive following the publication of the firm’s full-year figures.

Stride, the owner of the Kitty Bingo and Jackpot Liner sites, posted revenues of £27.8mln in the year to August with underlying profits of £7.3mln, up from £1.23mln.

Mon, 16 Nov 2015 13:38:00 +0000
Stride Gaming CEO confident InfiApps gamble will pay off Stride Gaming (LON:STR) chief executive, Eitan Boyd, discusses the rationale behind the company’s US$39.2mln takeover of the social media gaming specialist InfiApps.

InfiApps owns slot bonanza, its flagship game, which played by millions of people worldwide and is one of the leading social casino games in the world.

The firm made a profit of US$3.4mln in 2014, and Boyd reckons the acquisition will immediately enhance Stride Gaming’s own earnings.

Stride – which listed on AIM in May this year - is initially paying US$21.2mln in cash for InfiApps, but the cost of the acquisition could rise by as much as US$18mln, payable in cash, depending on how the acquired business performs.

Fri, 31 Jul 2015 15:06:00 +0100
Stride Gaming bingo boss woos ladies to win market share Stride Gaming (LON:STR) CEO Eitan Boyd tells Proactive Investors about the group’s multi brand, Bingo-led strategy. “Having proprietary software is a main advantage in this space, as well as having the know-how – we’ve been operating since 1999 in online gaming, so over a decade now we have been hitting numbers, hitting results and we are excited about opportunities ahead,” he said.

Boyd believes the group’s strategic focus on the female audience gives them the edge over other operators. “We focus on soft skill gaming, on very cuddly, fluffy games rather than hard-core slot-machines or very aggressive gaming experiences and we do see results and players stick with us for longer and enjoy the experience” he said.

Tue, 30 Jun 2015 15:40:00 +0100
Challenger Acquisitions chairman updates on Starneth deal and NY Wheel The executive chairman of Challenger Acquisitions (LON:CHAL), Mark Gustafson, provides an update on the investment vehicle’s reverse takeover of Starneth, a specialist in giant observation wheels.

Having received an injection of capital earlier this month the group has now signed a letter of intent to acquire Starneth, and Gusfaston reckons Challenger’s shares will be readmitted to the London stock market by the end of this summer.

In an exclusive interview, he also provides an update on the latest construction work on the New York Wheel, located on Staten Island, in which Challenger has 2.5% interest.

Fri, 19 Jun 2015 12:12:00 +0100
Challenger Acquisitions boss on maiden investment in New York Wheel Challenger Acquisitions’ (LON:CHAL) Mark Gustafson tells Proactive Investors he plans to build up projects over the long term after making his first investment in the attractions space.

Having received an injection of capital earlier this month, the investment vehicle has paid US$3mln for a 2.46% stake in the upcoming New York Wheel.

Executive chairman Gustafson explains the decision to invest was based on the commercial success of the London Eye and reckons there is a significant pipeline of projects ahead. For now though, the business will focus on funding the reverse takeover of specialist engineer Starneth.

Tue, 26 May 2015 16:13:00 +0100