Thank you for the post, I wrote on this too as a very interesting case study. I am factoring in lower operating margins as the company expands into North America. Hoping for a Q1 2025 buyback announcement by management to take advantage of share price sell off.
Strong balance sheet and stable returns along with aligned management and healthy growth prospects. The reasonable valuation may reflect a narrow moat in my opinion. Of course, investors don't like labour unrest and the company may have glossed over a cyber attack according to Ali Gunduz (Value Hunt on Youtube). To use a hockey analogy, I might put management in the penalty box
Thank you for the post, I wrote on this too as a very interesting case study. I am factoring in lower operating margins as the company expands into North America. Hoping for a Q1 2025 buyback announcement by management to take advantage of share price sell off.
Thanks for your comment, and I would agree margins will be pressured. Either way, returns are still attractive when factoring in lower margins!
https://charlesmccallccm.substack.com/p/evolution-gaming-risks-evo?r=4qadw
Strong balance sheet and stable returns along with aligned management and healthy growth prospects. The reasonable valuation may reflect a narrow moat in my opinion. Of course, investors don't like labour unrest and the company may have glossed over a cyber attack according to Ali Gunduz (Value Hunt on Youtube). To use a hockey analogy, I might put management in the penalty box