New acquisition?24 May 2014 20:39
NPT has no debt and cash generation continues to be strong. In Dec 2013 they had £13.9m in the bank (after dividend payments of £1.2m and the £3.0m acquisition of Vernons.com).
Charles Butler CEO - "While TV is core to our business, we believe it is important to diversify our business. At the end of the year we purchased the Vernons.com e-gaming business from Sportech plc which brought a large database of customers and additional product verticals in bingo and sportsbook. We are currently applying our proven marketing strategy and I am confident that this will provide further opportunities to grow the business."
I look forward to seeing how Vernons.com and the new integrated wallet effects NPT.
With money in the bank and Butler's statement "we believe it is important to diversify our business", I can see there being another acquisition on the horizon which would help the business continue to organically grow.
They have multi-channel TV shows and now bingo and sportsbook brands. What could be next?...