Bragg Gaming Group Inc T.BRAG

set to blast through $10

[GastownGuy]

BRAG is back

[Yo_Dog]

The move in the stock is amazing.  Any guesses why, besides the pre-announcement? My guess is there is something significant on the horizon. 

[Liquidything]

Based on guidance alone youd expect to have seen a 20% ish increase if EBITDA multiple stayed the same. You have significant catalysts (Spin, CEO,US) which are bound to happen soon. You also have the new COO and her buyout experience. The downtrend in the sector has also stopped in the last couple of weeks. The exposure from the increased guidance has also been massive, volume is way up. Lots of

[1condor]

Well lets see how far it goes before it takes a breather. 

[1condor]

Still hard to believe this stock is only at 1.00 (preconsolidation) with all the positive news over the last several months. Still way undervalued.

[Liquidything]

You are comparing apples and oranges here imo. There has been significant dillution since the preconsolidation days

[1condor]

Suspect some of this rise is the result of the shorts covering. However BRAG has issued some very positive news releases lately. Sure has been a run this week.

[Yo_Dog]

I would have thought the shorts would pile on this and drive it down to cover. That is generally their MO when a stock looks like its turn the corner. Maybe they are amatures? 

[zalmonella]

Ya, I bagged a screen shot from yesterday's Ortel that showed short interest up a tiny bit - the equivalent of 67,000 shares, so I think it's been detected. Hope it comes through.... https://app.ortex.com/s/TSX/BRAG/short-interest

[mjh9413]

Someone mentioned EBITDA. It is proj at about 60c per share fy2022 so wonder if 17 multiple (on $10 sp) is reasonable. 9

[Yo_Dog]

I think with the earnings potential with Brag it is a takeover target. The larger online companies aren't making money and look to have a long runway to profits. Something like Brag nearly there in terms of earning and good growth potential will be on the radars of others ... imo. 

[1condor]

Yo_Dog...I would not be surprised to see this company taken over within a year. They sure are a busy bunch with the string of news releases lately.