Post by
Infirstmoney on Aug 04, 2015 2:22pm
Very positive update
A lot of positive cost reduction initiatives going on. It appears that the Amaya deal has a lot of potential upside. Nice to see that the integration efforts have already started in earnest. Think the market was hoping that the Ongame efforts were a little ahead of where they are, but it does look good starting on January 1st onwards. In addition, they do have a lot of revenue coming online from deals that they have signed or closed the past few months. The Amaya revenue starting in October should make them cash flow positive, and should push them into profitable in 2016!
Comment by
Infirstmoney on Aug 04, 2015 2:28pm
Meant to say "profitable" by early 2016. Amaya is expanding rapidly which is great news for NYX. NYX will have a lot of increasing earnings per share appreciation, once these next few months of integration and consolidation of the companies that they bought are mostly behind them, and the revenue from the Amaya deal and their expanded offerings come online.