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Feek me think I need specsavers lol
Sorry not for saying FR meant PF.
I was only joking with the thumbs up the thumbs down comment lol, I think your comment on the FR not too far off but think Yooma might well come in very handy for us, plus they sold intensity to portage who have a large PF in this business field and a very good track record , just holding intensity was like having all your eggs in one basket, we now have many chances of hitting the jackpot holding Portage, GL
Thumbs up I have to give you a thumbs down, GL
It’s quite nice to have a few well balanced informative posts on here today for a change. Interesting read.
Thanks ThumbsUp. Good to get the opinion from someone who knows the industry well.
I'm hopeful that LEAP's investment in developing their games portfolio over the past few years is now starting to bear fruit and achieving economy of scale. The number of new clients they've been signing up recently is quite impressive so let's hope they can turn in a decent profit next quarter.
I don't know, but I know the industry well (I work in it) and it's one where there's no shortage of cash and consolidation is rife. With Evolution announcing their takeover bid for NetEnt last week, I think we'll start to see a lot of movement from other players looking to shore up their position in the market.
The acquisition of Red Tiger last year by NetEnt was at a p/e of around 11. Leap is obviously nowhere near as big as RTG so there's no point looking at the £value, but once we have an idea of Leap's profitability we'll be able to take a decent stab at what it's worth. Until we know that, there's no point pretending to even have an educated guess. Anyone trying to attach a value to our Leap holding other than what's in the latest NAV report should be ignored entirely.
A well balanced post ThumbsUp. No point in pretending all of our investments are wonderful but there is still plenty in the pf to be rightly excited about.
Just out of interest, what would your guess be for a valuation of LEAP?
Added about 50% to my holding today. I don't see anything inherently wrong with the RNS on Friday personally. We invest in this company because we trust management to invest our money in stuff. Flexibility is going to be key to capitalise on the cheap assets that are going to come out of this crisis. Worth the dilution IMO, but time will tell.
As for the portfolio:
No interest in Vemo/DBC/Yooma. Don't see them returning any value in the forseeable future. Market probably values them in the same way.
Emmac - loads of potential. We saw what happened with Nuuvera. Market's even bigger now and with more retail investors than ever, can see it absolutely flying on the inevitable IPO/buyout. Just a case of waiting on this.
LEAP - Can see a buyout soon, especially if there's another lockdown and sports get cancelled again. Their slots are good too. Much better than some of the incumbents in terms of overall quality. Valuation is anyone's guess really.
Portage - Would have preferred for us to hang on to Intensity but it looks like there's some other good stuff (and some trash, mind) in Portage's portfolio so we'll have to see. Will only really take one of them to succeed and we'll be laughing.
Juve - Just a shame we don't have a bigger slice of this. Only requires a £1.5bn valuation for this to be worth more than the current NAV. Not impossible.
Who knows what will happen with Factom. Market was always sceptical about it (and rightly IMO). Expect someone will swoop in and buy the tech for dirt cheap which is fine by me. Any penny we get out of Factom is a penny not currently factored into the SP.