Professional
Added to YB: 2024-08-07
Pitch date: 2024-07-19
GIG.OL [bullish]
Gentoo Media Inc.
-56.64%
current return
Author Info
CrossingBridge Advisors is a fund that seeks high current income and capital appreciation consistent with the preservation of capital. Follow the founder on Twitter/X.
Company Info
Gentoo Media Inc., an iGaming technology company, together with its subsidiaries, provides solutions, products, and services to iGaming operators in Nordic countries, other European countries, and internationally.
Market Cap
SEK 128.7M
Pitch Price
SEK 27.03
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.83
P/E
11.93
EV/Sales
2.03
Sector
Hotels, Restaurants and Leisure
Category
growth
CrossingBridge Advisors Portfolio Holding: Gaming Innovation Group Inc.
GIG.OL: iGaming marketing service, 65%+ recurring rev, high margin, low CAPEX. 1.7x EBITDA leverage, 9.5x EV/EBITDA. 11.285% YTM SEK note, 9.29% YTM EUR note. 3Q24 spinoff of platform/sportsbook ops to focus on marketing. Post-spin covenant: <2.5x EBITDA leverage. Strong growth from iGaming/sports betting expansion.
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