I've been investing in NetEnt since September 2013 and have enjoyed steady growth (+127% at close of business on Friday) but have noticed signs that a heavy fall is on the way and discussing with other shareholders this week, many are considering selling before the annual results in mid-February.
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Several posters here at CM have reported they don't play NetEnt anymore and we've all experienced the 'egg-timer' effect and the recent closure of Australia and some Eastern European countries also must affect NetEnt's profit.
Last week there was a shareholder conference call with the CEO and CFO - to be honest it didn't sound good at all. The latest quarter (Q4 2017) had operating profit below market expectations along with underlying revenue growth in key markets (UK, Norway, Sweden etc) lower than expected.
Is this a short-term Big Time Gaming effect or a longer term issue with lack of ideas of new games?
Old Attachment (Invalid)
Several posters here at CM have reported they don't play NetEnt anymore and we've all experienced the 'egg-timer' effect and the recent closure of Australia and some Eastern European countries also must affect NetEnt's profit.
Last week there was a shareholder conference call with the CEO and CFO - to be honest it didn't sound good at all. The latest quarter (Q4 2017) had operating profit below market expectations along with underlying revenue growth in key markets (UK, Norway, Sweden etc) lower than expected.
Is this a short-term Big Time Gaming effect or a longer term issue with lack of ideas of new games?