15 May 2018 – interim results

Slightly disappointing figures have been released for the first half.  In the six months ended 31 March 2018 group revenue was £10.6m (2017: £11.3m).  Gaming revenues increased by 17% but this was offset by a decline in Financial revenues of 29%.  Profit before tax was £2.2m (2017: £2.5m), resulting in basic earnings per share slipping from 13.8p to 11.7p.  The interim dividend was doubled to 7.60p per share (2017: 3.80p).  Net cash was £13.7m at the period end (30 September 2017: £14.1m).  The second half is said to have started well and the current price looks a good entry point.  BUY.