NeoGames: A Special Situation That Is Worth Taking A Look At

Jul. 26, 2022 7:32 AM ETNeoGames S.A. (NGMS)PBKOF, PBL:CA2 Comments


  • NeoGames, through their joint venture,NPI, is the leading iLottery provider in North America.
  • This is a market with huge growth potential because of a combination of changes in regulation, an increase in market penetration, and cross-selling of new games and services.
  • NeoGames is the company with the best positioning to capture this opportunity. This is reflected in their awards as being the best iLottery supplier and superior performance.
  • Besides, they recently acquired their parent company, Aspire. This, in my opinion, is a great acquisition that will give them a new source of cash flows and cost savings through synergies.

Máquinas tragaperras en una pantalla de smartphone, fieltro verde y antecedentes. Ilustración 3D

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We are currently in an uncertain economic situation where we don't know whether we will continue to have high levels of inflation, a recession that will stop the growth of the economy, or even both, no economic growth

NeoGames growth potential

NeoGames growth potential (NeoGames investors presentation)

This article was written by

Private investor with a GARP and deep value investment strategy. I look for investment opportunities around the world that promises high investment returns due to a significant discount to peers on a current and forward basis. When analyzing a company, I like to understand what the company does, the reasons for this discount, and finally why this discount will be reduced / disappeared in the future.

Disclosure: I/we have a beneficial long position in the shares of NGMS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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