NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB

Eric Nuttall

[retiredcf]

Given his comments below and that OpenBet is performing ahead of projections, it wouldn't surprise me if he again made NYX his top pick when he appears on tomorrow's Market Call. GLTA

2016-05-27 TOP PICK Eric Nuttall
 

Just finished a $500 million acquisition of the largest sports-book gambling software company, Open Bet. This transforms the company, and gets them into a way better league with which they can compete against other casino gambling software companies. The stock has been hammered in the past due to scandals at Amaya (AYA-T). Other than Amaya being a customer, they have no relationship. This is a business with 30% organic growth, plus the upside from the new business they have acquired. This industry is growing at 10% per annum and generating gobs of free cash flow. Trading roughly at 7.2-7.4 times next year’s EBITDA compared to others trading at 12-14 times. On his calculations, he is getting a $4.40 share price, but thinks it can do better than that.

 

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Price:

$2.680

Subject:

CANADIAN SMALL & MIDCAPS

Bias:

OPTIMISTIC on OIL

Owned:

Yes

[evanfd1]

That's very funny -- i just came on this board to make the same prediction. Indeed, i'll be surprised and worried if he doesn't make NYX a top pick, given the quaterly results.

[GoGoGoniko]

added more today at $1.86 during the afternoon dip aiming $2 above

[petrofac]

Nuttal has mentioned the tsx listing before and he was quoted as saying before the end of the year. I hope someone can call in and ask him about the listing.