Gamesys Group

Continued evolution to create meaningful shareholder value

  • Sectors : Gaming
  • Companies : Gamesys Group

Ratings and price correct at time of issue.

  • Gamesys Group

    Closing Price: 1070p

  • RATING 25/11/20

  • PREVIOUS RATING N/A

DAVY VIEW

Gamesys Group (GYS) has a short history but a bright future. In just six years, it has assembled valuable positions in key markets and delivered attractive growth. If it repeats this progress across a broader set of geographies, it can be a key beneficiary of the continued roll-out of global online gaming markets. It is not yet the complete operator – it contends with an uncertain regulatory backdrop, high geographic concentration and limited US progress to date. However, a promising growth runway, significant investment capacity and an attractive valuation create an interesting investment opportunity. We initiate with an ‘Outperform’ recommendation.

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Nov 25 2020, 06:45 GMT

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