VELTYCO GROUP (LON:VLTY)
SECTOR – LEISURE
RATING – BUY*
MARKET CAP – £61.7m
CURRENT PRICE – 83p#
TARGET PRICE – 110p
ANALYST – MIKE JEREMY
Year-end Dec 2015A 2016A 2017E 2018E
Revenue (£m) 2.609 6.082 12.937 17.010
EBITDA (£m) 0.735 2.108 7.007 8.584
Adj. pre-tax Profit (£m) 0.588 1.737 6.763 8.290
Adj. EPS (p) 0.9 2.6 8.3 8.8
DPS (p) - - - -
Net Cash/(Debt) (£m) 0.016 0.118 4.589 13.077
P/E (x) 103.1 36.1 11.3 10.7
Dividend yield (%) - - - -
EV/EBITDA (x) 88.7 30.9 9.3 7.6
SOURCE: Northland Capital Partners Limited estimates. #Priced at prior trading day close. *Northland Capital Partners Limited acts as Broker to Veltyco Group and therefore this information should be viewed as a Marketing Communication.
EiG award for eSports.com
NORTHLAND VIEW
Veltyco announces that eSports.com received the EIG Best Start-Up award during the EiG (Excellence-in-iGaming) conference held last week in Berlin.
Veltyco Group entered into its partnership agreement with Esports Radar, and its subsidiary Esports.com, in mid-October to develop esports-based opportunities including content development and related merchandising. EiG took place over two days from 30th October - see www.eigexpo.com. This award provides an indication of the profile eSports.com already enjoys within the sector.
COMPANY DESCRIPTION
Veltyco is a marketing and promotions business which refers customers to online casino, sports betting, lotteries and options trading brands.
SECTOR – MINING
RATING –CORP*
MARKET CAP – £8.5m
CURRENT PRICE – 0.38p#
ANALYST – DR RYAN D. LONG
Year-end Sep 2015A 2016A
Revenue (£m) - 1.9 No forecasts provided
EBITDA (£m) (0.9) (1.5)
Adj. pre-tax Profit (£m) (5.7) (2.1)
Adj. EPS (p) (0.1) (0.2)
DPS (p) - -
Net Cash/(Debt) (£m) (0.8) (2.6)
P/E (x) - -
Dividend yield (%) - -
EV/EBITDA (x) - -
SOURCE: Northland Capital Partners Limited estimates. #Priced at prior trading day close. *Northland Capital Partners Limited acts as Nomad to Keras Resources and therefore this information should be viewed as a Marketing Communication.
Calidus Resources completes DD on Novo Tenements
NORTHLAND VIEW
Calidus Resources, a company that Keras Resources holds 217.25m shares in, has completed its due diligence (DD) on the Novo Tenements that were included in the previously announced Term Sheet (20/09/17). It has also notified Novo Resources that all conditional precedents have been satisfied or waived and it will proceed with the transaction.
Calidus also exercised its option to acquire the tenements covered under the Haoma option.
Calidus has also received all of the funds from the second tranche of the A$10m placement.
Calidus Resources continues to cement its strategic position at the Warrawoona Gold Project, located in Western Australia. Calidus now looks set to acquire 70% of Novo’s Exploration Licences 45/3381, 45/4194, 45/4622, 45/4666 and Prospecting Licences 45/2661, 45/2662, 45/2781 on what we believe are very favourable terms. The consideration for the deal is 20m shares in Calidus and an expenditure commitment of A$2m over three years.
COMPANY DESCRIPTION
Keras Resources is an exploration company with interests in gold projects, located in Australia, a manganese project and a cobalt-nickel project, located in Togo.