NYX Gaming Group Ltd

NYX-X

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This company is not ACTIVE.

Analysis and Opinions about NYX-X

Signal
Opinion
Expert
TOP PICK
TOP PICK
May 20, 2015

The little cousin to Amaya (AYA-T) and Intertain (IT-T). They develop the actual games that Amaya and Intertain would use on their websites and mobile apps. Has been growing by acquisition, and just made another small one today. Also, had the acquisition from Amaya’s Cryptologic assets. When that was announced, the stock sold off by about 15%, because the market was concerned about an equity issue. They are certainly going to have to raise some money from an equity standpoint as well as from a debt standpoint. He doesn’t know how that equity looks right now, but chances are that when it does get announced it could either be a private placement or a bought deal, and chances are it’s going to fly off the shelf. If you want to position yourself ahead of that, he thinks it is a pretty attractive valuation. Trades at great free cash flow yields and management owns about 40% of the stock.

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The little cousin to Amaya (AYA-T) and Intertain (IT-T). They develop the actual games that Amaya and Intertain would use on their websites and mobile apps. Has been growing by acquisition, and just made another small one today. Also, had the acquisition from Amaya’s Cryptologic assets. When that was announced, the stock sold off by about 15%, because the market was concerned about an equity issue. They are certainly going to have to raise some money from an equity standpoint as well as from a debt standpoint. He doesn’t know how that equity looks right now, but chances are that when it does get announced it could either be a private placement or a bought deal, and chances are it’s going to fly off the shelf. If you want to position yourself ahead of that, he thinks it is a pretty attractive valuation. Trades at great free cash flow yields and management owns about 40% of the stock.

COMMENT
COMMENT
April 22, 2015

This had a right of 1st offer on assets that were coming out of Amaya (AYA-T). Thinks the $150 million acquisition was announced just recently. Ironically the share price traded off because investors are conscious of the fact that they have to finance this in some way. The street is probably thinking it will be 50% equity and 50% debt, which probably means an equity raise coming. Really likes this name on a fundamental basis. They have a broad spectrum of games and a broad spectrum of customers, and are not involved in the marketing per se, but in the technology. He likes this lower risk approach to the gaming sector.

Show full opinionHide full opinion

This had a right of 1st offer on assets that were coming out of Amaya (AYA-T). Thinks the $150 million acquisition was announced just recently. Ironically the share price traded off because investors are conscious of the fact that they have to finance this in some way. The street is probably thinking it will be 50% equity and 50% debt, which probably means an equity raise coming. Really likes this name on a fundamental basis. They have a broad spectrum of games and a broad spectrum of customers, and are not involved in the marketing per se, but in the technology. He likes this lower risk approach to the gaming sector.

TOP PICK
TOP PICK
February 10, 2015

Likes that this is an uncrowded way to play the gaming space. They IPO’d on Dec 30/14, and not too many analysts and portfolio managers around. This is sort of the back end, as opposed to what Amaya (AYA-T) and Entertainment (?), which is the front end do. Have about 100 clients and about 300 games. They design games and then license them to other parties who want to operate the games themselves. Because of this you are not taking on as much specific risk on a particular site or a particular franchise. Have a couple of growth opportunities in terms of acquisitions related to both Amaya and Entertainment. An interesting growth story.

Show full opinionHide full opinion

Likes that this is an uncrowded way to play the gaming space. They IPO’d on Dec 30/14, and not too many analysts and portfolio managers around. This is sort of the back end, as opposed to what Amaya (AYA-T) and Entertainment (?), which is the front end do. Have about 100 clients and about 300 games. They design games and then license them to other parties who want to operate the games themselves. Because of this you are not taking on as much specific risk on a particular site or a particular franchise. Have a couple of growth opportunities in terms of acquisitions related to both Amaya and Entertainment. An interesting growth story.

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