Redeye updates on Gentoo Media after Q2-results which were weaker than expected as topline continued to decline while we expected a slight uptick in the quarter. With a somewhat lowered guidance, we have also trimmed our forecasts while we still expect improvements in the coming quarters. While the share screens as Cheap on Redeye’s proprietary rating, we also highlight that the company’s debt remains a challenge and a successful refinancing of its bond is key for an improved valuation.
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