Info on TSX listing Something many people here could be interested in.
Spoke to IR and they said they are on track to graduate to the main board towards the later part of this year. All is going well there for now and they seemed to be very involved.
I am staying on this stock for 3 reasons:
1. resent insider buying from C level Management - should create some pressure on Davey. These were 100.000+ shares purchases, decent money even for top level executives who now do care about the share price.
2. Pipeline in Regulated markets - If anyone is curious why the pipeline is so strong, it is an industry trend to offer the biggest portfolio of games. As an operator you use the platform to integrate all the game providers rather than integrate one by one. NYX platform is the one of the few which can be integrated by Tier 1 customers and it is happening (Unibet in Italy, bwin/gvc elsewhere, ...). Moreover NYX has a good coverage in regulated markets and operates in line with local regulations etc. Regulated markets is where everyones eye and focus is right now.
3. Price - it was at these levels before any info on TSX listing, before debt refinancing, before revenues growth reports. I believe its worth 1,35 now. If the growth continues (no reason for the opposite) and Management does not change the communication, I believe it is worth 1,5 in one year. If management communication improves and we see more real action on cost control, it is 2 dollar stock in one year for sure.