By A Mystery Man Writer
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research On Wednesday, Mr. Jeremy Raper of Raper Capital issued an open letter to Bragg Gaming, requesting the company to consider the immediate pursuit of strategic alternatives, including a full or partial sale of the company. Mr. Raper is self-reported to own 375,000 shares of Bragg (~1% of shares outstanding), representing the second-largest disclosed non-insider investor of the company. Last week the President and COO said she would be resigning, so the company is in a bit of turmoil. The stock rose 24%. But, just because a shareholder is making waves doesn't mean the company will be sold. It has grown revenue and is now cash flow positive, with earnings expected next year. The stock is up 48% YTD, though massively down from its 2021 high when everything soared. It has a clean balance sheet with a bit of net cash. The outlook we think is decent. We like the gaming/gambling sector. As a small company its stock has done OK considering the weakness across the sector. The jump we think is a little overdone, as nothing in fact may happen. The company has no obligation to a disgruntled shareholder owning 1%. But we would consider it a decent small cap today, regardless, and this event may attract more interest to the company. Unlock Premium - Try 5i Free
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research On Wednesday, Mr. Jeremy Raper of Raper Capital issued an open letter to Bragg Gaming, requesting the company to consider the immediate pursuit of strategic alternatives, including a full or partial sale of the company. Mr. Raper is self-reported to own 375,000 shares of Bragg (~1% of shares outstanding), representing the second-largest disclosed non-insider investor of the company. Last week the President and COO said she would be resigning, so the company is in a bit of turmoil. The stock rose 24%. But, just because a shareholder is making waves doesn't mean the company will be sold. It has grown revenue and is now cash flow positive, with earnings expected next year. The stock is up 48% YTD, though massively down from its 2021 high when everything soared. It has a clean balance sheet with a bit of net cash. The outlook we think is decent. We like the gaming/gambling sector. As a small company its stock has done OK considering the weakness across the sector. The jump we think is a little overdone, as nothing in fact may happen. The company has no obligation to a disgruntled shareholder owning 1%. But we would consider it a decent small cap today, regardless, and this event may attract more interest to the company. Unlock Premium - Try 5i Free
Bragg Gaming Group Inc (BRAG) Stock Forecast, Price Targets and Analysts Predictions
Latest analyst ratings
Bragg Gaming Group Inc. (BRAG) Stock Price, Quote, News & Analysis
Bragg Gaming Group Inc (BRAG) Stock Forecast, Price Targets and Analysts Predictions
Bragg Gaming Group Inc stock price / BRAG - Wise
Bragg Gaming Group Stock Forecast: up to 5.132 CAD! - BRAG Stock Price Prediction, Long-Term & Short-Term Share Revenue Prognosis with Smart Technical Analysis
Bragg Gaming Group Inc reports results for the quarter ended in December - Earnings Summary
Bragg Gaming Group Stock Forecast: up to 5.132 CAD! - BRAG Stock Price Prediction, Long-Term & Short-Term Share Revenue Prognosis with Smart Technical Analysis
Colt CZ Group (OTC:CZGZF) Trading Up 1.4% - Defense World