Sunshinequeen - you may be interested in looking at recent evidence of low multiples being paid for subscale gaming businesses this week Unibet - £19m acquisition of Stan James (been on the market for about a year or so) and 32Red's acquisition of Roxy Palace (largely in shares) Very difficult being small in this highly competitive market-place
10 Jul '15
RE: RE: Looking Good
thanks Sunshine... I greatly appreciate your help
9 Jul '15
Fine - let's just agree to disagree. Let's discuss again once there are numbers available.
9 Jul '15
Re: Significantly Undervalued
Myfairlady, sorry to say but you've got the facts quite wrong with the earnings and the extent of the impact the POC. I have to disagree that the business is going in the wrong direction. POC is very old news now and NPT took decisive action last year which has been bearing fruit since early this year to mitigate the extent of the POC. Unlike other gambling companies, NPT has taken unique steps to retain and recruit players from very successful initiatives rather than splashing out on increased marketing spend at the expense of margin and profit. If you do some basic research, even from on line sources which are readily available, you will see that the turnaround is well and truly underway here. At 10p per share with almost half of that ie 4-5p covered by free cash at bank and no borrowings, revenue approximating the current MC; there's no question that this share is cheap on a forward ratio of 5-6. How much cheaper could it possibly be without being ludicrous?
9 Jul '15
Ok put it in the heading instead! Not going to carry this conversation on - the only metrics I really care about are earnings and these only seem to be going in one direction, the wrong way, and that's before POCT impact. Good luck with your holding I'm done now
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