Proactive Investors - Run By Investors For Investors

NetPlay reiterated ‘buy’ at Panmure Gordon, target still 30p

NetPlay reiterated ‘buy’ at Panmure Gordon, target still 30p

Panmure Gordon issued a note on NetPlay TV PLC (AIM: NPT) after a flurry of news from the live interactive TV gambling specialist, reiterating its ‘buy’ stance and target price of 30 pence a share.

In the last few days, Netplay announced a £12.8 million share placing with investment company Directforce Trading, a strategic agreement with Playtech Ltd under which it will supply games to the Playtech network for five years as well as the launch of a retail offering with Stanleybet.

“We continue to see excellent growth opportunities for the business as it rolls out its converged gaming solutions. There is also potential upside due to the deal with Stanleybet and cash injection from new shareholder Directforce, and this should give new opportunities to invest,” the broker said in its note.

“We believe that the stock is not expensive given the underlying growth, which may be further enhanced by possible future deals,” it added.

NetPlay will be presenting at the Proactive Investors One2One Investor Forum 22 July 2009.

View full NPT profile View Profile

Netplay TV Plc Timeline

Article
February 02 2017
Article
September 13 2016
Newswire
January 14 2016

Related Articles

Bloomsbury Publishing
Tue
Peel Hunt expects “superior returns" from the firm’s investment in digital capacity
mobile marketing
February 01 2019
The merger is structured as an offer by Taptica that will see it owning 50.1% of the enlarged group and Rhythm One owning the remaining 49.9%
clapperboard
March 04 2019
At the Completion Contract business there have been lower volumes and the average budget per film has reduced

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use