Redeye updates on GiG after Q2-results, which were softer than expected, while the main news in the report was the announcement of the transformational acquisition of 888Africa, a fast-growing and profitable B2C operator. While we have lowered our near-term forecasts on the back of soft development in the B2B business, the acquisition will result in GiG becoming cash flow positive while it adds a new platform for growth. Our fundamental DCF-value has also been reduced to SEK4 per share (SEK7), reflecting lowered forecasts for the B2B business, while the share screens as Cheap on Redeye’s new proprietary Market Edge value score rating.
LÄS MER
